Category: Transport

  • MIL-OSI USA: Barrasso Calls on Senate to Confirm Lee Zeldin

    US Senate News:

    Source: United States Senator for Wyoming John Barrasso
    “Lee knows that innovation, not government intervention, is the best solution to lower prices, to grow the economy, and to protect our environment…He is the right nominee to lead the EPA.”
    WASHINGTON, D.C. – U.S. Senator John Barrasso (R-Wyo.), Senate Majority Whip, today spoke on the Senate floor calling for the quick confirmation of Lee Zeldin, President Donald J. Trump’s nominee for Administrator of the Environmental Protection Agency (EPA).
    Click HERE to watch Senator Barrasso’s remarks.
    Sen. Barrasso’s remarks as prepared:
    “I strongly support Congressman Lee Zeldin to be the Administrator of the Environmental Protection Agency.
    “We are blessed in America with enormous natural resources.
    “I support using our resources responsibly. I support sensible environmental stewardship. Americans deserve clean water and clean air. They deserve good jobs and economic strength.
    “Environmental protection and economic growth should go hand-in-hand. They are not mutually exclusive.
    “As head of the EPA, Lee will return the agency to its original missionof protecting America’s air, water, and land – without, as he puts it, ‘suffocating the economy.’
    “Nearly two weeks ago, the Senate Committee on Environment and Public Works held a hearing on Lee. As the former Chairman of the Committee, I was honored to introduce him.
    “Lee is highly qualified. His support is bipartisan.
    “Lee is a lifelong public servant. He is a seasoned lawyer with a sharp legal mind. He has over 20 years of military service. He currently serves as a Lieutenant Colonel in the Army Reserves.
    “Lee also served 8 years in Congress. As a representative from New York,he worked to strengthen our economy and protect his district’s unique ecosystem. He worked across party lines to do so.
    “For the last four years, the so-called experts at the Environmental Protection Agency went on a reckless regulatory rampage.
    “They saddled American families and businesses with higher costs and heavy-handed restrictions. They bowed to climate extremism and ignored common sense.
    “In 2024, the EPA introduced one of the most expensive regulations in American history – the electric vehicle mandate.
    “The EV Mandate was left-wing lunacy at its worst.
    “According to the Competitive Enterprise Institute, its total cost of compliance is $760 billion. To put that in perspective, the cost of this one regulation is nearly equal to the price tag of 8 years of regulations under President Barack Obama.
    “The EV mandate would also cost hundreds of thousands of jobs.
    “Americans rejected the EV Mandate and other costly climate policies in November. President Trump revoked the EV Mandate on his first day in office.
    “Here in the Senate, repealing the Biden EV subsidies is one of my top priorities. These subsidies are estimated to cost more than $393 billion.
    “Americans should not have their tax dollars pay for vehicles thatmost Americans don’t want, can’t afford, and don’t work for them or their families. Americans should not be dependent on Communist China like we are today with electric vehicles.
    “Lee Zeldin will continue President Trump’s mission to roll back punishing, political regulations.
    “The EPA does important work in states and local communities.
    “Lee will be a fantastic partner to my home state of Wyoming.
    “He will not impose one-size-fits-all mandates on American consumers and businesses. Instead, he will cut red tape. We will see a new wave of creativity and innovation.
    “Lee knows that innovation, not government intervention, is the best solution to lower prices, to grow the economy, and to protect our environment.
    “Many Americans are confident that Lee will right the ship and restore balance at the EPA.
    “One of those organizations is the National Association of Clean Water Agencies.
    “In a letter to the Committee, the Association said that Lee has ‘shown a willingness to engage with a broad spectrum of stakeholders to address pressing issues.’
    “Lee also impressed our colleagues here in the Senate. This is what my Democrat colleague from Arizona said about Lee: ‘He’s a qualified candidate for this job.’
    “I share America’s confidence in Lee.
    “Through three hours of tough questions, Lee Zeldin proved he is well-qualified.
    “He showed he is committed to strong environmental protection and energy production.
    “He is the right nominee to lead the EPA. The Senate should confirm him quickly.”

    MIL OSI USA News

  • MIL-OSI Security: Papua New Guinea Resumes Radiotherapy, Starts Brachytherapy Services with IAEA Support

    Source: International Atomic Energy Agency – IAEA

    Staff at Angau Memorial Hospital in Lae, Papua New Guinea, celebrate the installation of the new brachytherapy machine used to treat gynaecological and other cancers. (Photo: Angau Memorial Hospital)

    After nearly a decade of inactivity, Papua New Guinea’s only radiotherapy machine re-started operations six months ago with support from the IAEA, giving renewed hope to thousands of cancer patients in the country.  

    This month, radiation medicine services at Angau Memorial Hospital received a boost with the start of brachytherapy, a critical procedure in the treatment of cervical cancer.  

    “This milestone represents a significant advancement in our cervical cancer treatment capabilities, offering more precise and localized therapy options to improve patient outcomes,” said Athula Kumara, medical physics expert at Angau Memorial Hospital, the facility that received the IAEA support.  

    Located in the city of Lae, Papua New Guinea’s shipping hub in the north, Angau is the country’s second largest hospital, catering for 675 000 people in the Morobe Province and serving as a regional referral hospital for 1.9 million residents. 

    The improved service is important as cancer remains a major public health issue in the country, with a burden of over 12 000 new cases and more than 7000 deaths every year, according to 2022 IARC figures. Breast, cervix uteri, as well as lip and oral cancers are the most frequent among women.  

    Brachytherapy is a form of internal radiotherapy in which sealed radioactive sources are placed inside or near a tumour, delivering high doses of radiation directly to the cancer while sparing surrounding healthy tissues. The procedure is a key component of radiation treatment for gynaecological cancers, but it can also be used to treat prostate, breast, soft tissue sarcomas, some head and neck tumours, and skin cancers.  

    The brachytherapy equipment was installed in late 2024 at Angau and started services this month. The first patient, a woman with cervical cancer, underwent external beam radiotherapy last year and is now receiving brachytherapy treatment as a boost.  

    The installation of the brachytherapy machine follows previous IAEA assistance in re-establishing radiotherapy at Angau. Services were discontinued in 2016, severely limiting options for cancer patients in the country. Many were referred abroad, but few could afford it. “Some travelled to Manila for treatment, but these cases were rare due to the high cost of travel and treatment,” Kumara said.   

    In 2023, an imPACT review carried out by the IAEA in collaboration with the World Health Organization (WHO) and the International Agency for Research on Cancer (IARC) recommended to urgently reestablish radiotherapy services in the country.  

    Through its technical cooperation and human health programmes, the IAEA supported the hospital in replacing the radiotherapy machine’s radioactive source and provided advice on the acquisition of the new brachytherapy unit. Radiotherapy started again in mid-August 2024, and Angau has since been treating around 50 patients per month on average, with hundreds more registered for treatment. “Treatment has been very successful, and we have seen many patients recover significantly after undergoing therapy,” Kumara added. 

    A key pre-requisite for the upgrade in radiation medicine has been  training medical physicists. “These highly specialized health professionals ensure optimal equipment performance and maintain high-quality, safe treatment procedures,” said Daniel Berger, medical physicist in the IAEA’s Division of Human Health who led recent technical missions to build local capacity in the country. “Their expertise enables precise dosimetry, planning and dose delivery while ensuring equipment and clinical processes meet international standards for effective patient care,” he explained.   

    Medical physicists also provide technical guidance for infrastructure improvements, collaborating closely with regulatory authorities to licence and deploy nuclear and radiation medicine equipment. “Their work ensures that radiotherapy services can meet the growing demand for cancer care, ultimately helping to improve patient outcomes and advance healthcare standards,” Berger added.    

    Radiotherapy is one of the main pillars of cancer treatment, along with surgery and chemotherapy. In 2022, the IAEA launched the Rays of Hope initiative to support countries in increasing access to this life-saving treatment. Since becoming a Member State in 2012, Papua New Guinea has received IAEA support to strengthen radiation safety, including for the management of radiation sources for medical use, and to build the required capacity to expand cancer diagnosis and treatment.  

    While progress has been made in advancing cancer care, Kumara highlights that early diagnosis and treatment provision remain a challenge. “Patients arrive at very late stages of their cancer, often with extensive masses. By the time they seek treatment, the cancer has already spread, making it more difficult to achieve optimal outcomes,” he said. “One of our key goals moving forward is to increase awareness, particularly in remote areas where access to healthcare is limited.”  

    Cervical cancer is the fourth most common cancer in women globally, with around 660 000 new cases in 2022. About 94 per cent of the 350 000 deaths caused by cervical cancer in the same year occurred in low- and middle-income countries, driven by inequalities in access to vaccination against the human papillomavirus (HPV), responsible for 95 per cent of all cervical cancers, as well as screening and treatment services.  

    In many countries, January is Cervical Cancer Awareness Month, supporting efforts to promote HPV vaccination for prevention and early diagnosis and treatment of precancers, which greatly improve prospects for cure.   

    MIL Security OSI

  • MIL-OSI Economics: Eyedea’s AI-powered visual recognition software protected and monetized by Thales Sentinel Platform

    Source: Thales Group

    Headline: Eyedea’s AI-powered visual recognition software protected and monetized by Thales Sentinel Platform

    • Thales Sentinel protects Eyedea technologies based on artificial intelligence and machine learning, assuring customers that software is secure, trusted and validated
    • Enables Eyedea to scale revenue streams and focus on technology innovation

    Thales today announced a collaboration with the visual recognition technology company Eyedea, enabling the company to deploy and protect its AI-powered and machine learning visual recognition software for customers around the world using Thales Sentinel, the world’s leading software monetization and protection platform.

    With high-profile, security-conscious customers including international and national police organisations such as Interpol, Europol and the Czech Police, Eyedea was originally established in 2006 by a research group from the Czech Technical University in Prague’s Centre for Machine Perception.

    The company offers AI visual recognition software that can classify things such as vehicle make and models, number plates, train carriage numbers and more, from CCTV footage. ​ From standard traffic cameras, their technology recognises activities such as distracted drivers, unfastened or fastened seatbelts, and counts passengers for use in environments like carpool lanes. In addition, Eyedea’s technology can make human factors and vehicle license plates unidentifiable in image data, ensuring compliance with GDPR and other local data protection laws.

    “We’re very proud of the long-standing relationship we’ve built with Eyedea. Thales Sentinel has been able to offer IP protection and flexible packaging as their AI-based software has grown to support hundreds of public and private customers worldwide. We look forward to continuing to work together as Eyedea further innovates and evolves its AI technology,” commented Damien Bullot, Vice President Software Monetization at Thales.

    “Thales Sentinel is essential for us to go-to-market in a secure and assured way. Our customers need to be able to trust that access to our software is safeguarded, while we need to protect our IP and manage the active deployments we have. Thales Sentinel does a fantastic job of handling both, and our long-standing partnership with them allows us to scale our revenue streams, and focus more of our time on technology innovation, as time goes on,” said Martin Urban, CEO at Eyedea.

    Eyedea’s customers use its AI recognition software by embedding it into existing hardware and software they’re using. This is delivered via software development kits (SDKs) supplied by Eyedea, alongside a Thales Sentinel license on a hardware key. The combination of the hardware key along with the SDK not only provides assurance to customers that their access to the software is safeguarded, but also that the team at Eyedea can be sure there’s no unauthorised use or tampering of their software.

    The Sentinel Envelope secures the software from breaches, and the Sentinel Licensing further enables Eyedea to offer varying packaging tiers based on customer requirements. This includes the flexibility to offer customers a free three-month trial which expires based on time or volume of usage, which customers can then opt to purchase as a one-year license.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies specialized in three business domains: Defence & Security, Aeronautics & Space, and Cyber & Digital.

    It develops products and solutions that help make the world safer, greener and more inclusive.

    The Group invests close to €4 billion a year in Research & Development, particularly in key innovation areas such as AI, cybersecurity, quantum technologies, cloud technologies and 6G.

    Thales has close to 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.

    MIL OSI Economics

  • MIL-Evening Report: How can you tell if your child is ready for a smartphone? What are the alternatives?

    Source: The Conversation (Au and NZ) – By Joanne Orlando, Researcher, Digital Literacy and Digital Wellbeing, Western Sydney University

    Don Pablo/ Shutterstock

    The start of the school year means some parents will asking a big question: is it time for a child’s first phone?

    Safety concerns, particularly around travel to and from school, or being home after school without a parent, often drive this decision. There can also be huge social pressure if many of a child’s friends have a phone.

    But it doesn’t have to be inevitable. How can you tell if your child is ready for a smartphone? What are the alternatives? And how do you set achievable, healthy boundaries if your child does get a phone?

    Why a phone is a big decision

    Many parents will be aware of the concerns about children’s wellbeing around technology, including potential harms to mental health, if they are exposed to inappropriate content, bullying or simply use the phone too much.

    Studies also show it can lead to dependence on the phone and distraction or lack of focus at school and in general. So it’s important to make good choices and provide family support alongside this.

    Having a phone can pose risks to your child if they are not ready for it.
    Body Stock/ Shutterstock

    How do you know if your child is ready for a phone?

    Appropriate phone ownership does not necessarily depend on a child’s age but on a child’s readiness and family circumstances.

    Recent studies show children who receive phones based on readiness rather than age show better long-term digital habits. These include managing the constant distraction of phones and good judgement around the content they regularly browse and engage with.

    You can look at a child’s child’s readiness for a phone in several ways:

    • how responsible are they with the technology they already use?

    • do they follow family guidelines around screen time?

    • how willing are they to discuss their online experiences with you? Do they come to you if there is a problem or something they don’t understand?

    • do they have a basic understanding of digital privacy and security?

    • what’s their decision-making like offline? What are they like with family, friends and other responsibilities?

    Non-phone options

    If you decide yes, your child is ready, they don’t necessarily have to go straight to a smartphone with all the bells, whistles and apps.

    For basic safety requirements, such as travel to school, a smartwatch or basic phone can allow your child to receive and make calls and texts, but without accessing the internet.

    If you want to prioritise social connection (so a child isn’t left out with friends), you could might start with a shared family tablet featuring supervised messaging apps. This allows children to maintain friendships within set boundaries.

    Instead of a smart phone for your child you could start with a smart watch.
    NADKI/ Shutterstock

    How to manage the transition to a phone

    As children demonstrate growing independence and digital maturity, they can progress to restricted smartphones with parental controls, gradually earning more privileges through demonstrated responsibility.

    Or your child you have a smartphone with regular “check ins”. Here parents and the child discuss and review common challenges such as managing notifications, apps the child is permitted to use and where the phone can be used.

    This approach acknowledges full smartphone access isn’t an immediate necessity but rather the final stage in a thoughtful digital progression.

    Research indicates families who implement this graduated approach report fewer conflicts around technology as well as better long-term digital habits in their children.

    The key lies in matching technology access to genuine needs rather than perceived social pressure, while maintaining clear boundaries and open communication.

    3 vital ‘new phone’ conversations to have

    Even though many schools now have phone restrictions during school hours, planning for healthy use outside of school is extremely important.

    There are three vital “new phone” conversations to have with your child, to make sure things get off to the right start.

    1. Friend requests: these can be over the top and often overwhelm children and parents. You do not have to say yes to all of them. Decide how to manage the continuous stream of requests and how to cull unnecessary contacts.

    2. Screen time: there will likely be a “screentime spike” when your child gets their own device. This is exacerbated by the constant temptation to just zone out and browse content. Decide together on workable “no-tech” times and zones in the home. For example, no phones in the car and no phones after 9pm, or restrictions on browsable content such as YouTube or Tiktok. Parents can assist children to use in-built screentime features in the phone that shut down such apps during restriction times.

    3. Notifications: because of multiple group chats and new friends, there will be never-ending pings and notifications. This will encourage even more screen time, sometimes well into the night. Go into the phone settings with your child and together decide which notifications to turn off (ideally, most of them). This will mean children have fewer distractions and more sleep, and the entire household will be more peaceful.

    Joanne Orlando receives funding from eSafety Commissioner.

    ref. How can you tell if your child is ready for a smartphone? What are the alternatives? – https://theconversation.com/how-can-you-tell-if-your-child-is-ready-for-a-smartphone-what-are-the-alternatives-248224

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘I was shocked’: a scientist tracking koalas films startling behaviour between young males

    Source: The Conversation (Au and NZ) – By Darcy Watchorn, Threatened Species Biologist, Wildlife Conservation & Science Department, Zoos Victoria, and Visiting Scholar, School of Life & Environmental Science, Deakin University

    Darcy Watchorn

    It’s a cold, drizzly night in a forest west of Melbourne. I’m sitting on a damp log, clutching a thermos of lukewarm tea and watching a koala snooze on a branch above me. Suddenly, it lifts its head. I sit up straight, pen poised to record what happens. But the koala simply yawns and resumes the blob position. I sigh and take another sip of tea.

    Why am I doing this? To research the social behaviour of koalas and hopefully learn more about what they do at night, when they are most active.

    After many nights, and many sips of tea, I witness something truly unexpected: male koalas engaging in affectionate behaviours with each other, such as play and grooming. I was shocked. Adult koalas are normally solitary, so observations such as this are exceedingly rare.

    My new research paper presents these findings. It provides the most detailed account of these behaviours to date, and offers a unique glimpse into how social dynamics between koalas may change when they are forced to live in close quarters.

    An adult female koala (right) and her very large joey (left) on a tree in Cape Otway, Victoria
    Darcy Watchorn

    Why are these behaviours so surprising?

    Most animals exhibit some type of social behaviour. These can include mating, vocalising to communicate, or defending their territory. But some highly social, group-living animals – such as wolves, primates and dolphins – will also display friendly and peaceful acts between individuals, such as grooming each other and playing.

    These are known as “affiliative” behaviours, and they are key to social relationships between animals, and to maintaining complex social hierarchies.

    Adult koalas, though, are generally solitary (except, obviously, when mating). They are usually widely spread over an area and rarely come face-to-face, instead interacting over long distances by vocalising and leaving their scent.

    And when male koalas do physically interact, it is usually a violent affair. More than once, I’ve seen male koalas scratched and bloodied — missing chunks of fur and even a claw — after fighting with a rival male.

    That’s why my observations of affection between young male koalas were so surprising.

    What I saw after dark

    Over three painstaking weeks, I studied a koala population in the woodlands of Cape Otway, southern Victoria. Each night, I went out between 9pm and 2am to track and observe the males. I used a red-light spotlight to avoid disturbing them. If I saw something interesting, I filmed it. You can watch the video below.

    After two weeks, I observed three males engaging in unexpected “affiliative” behaviours. They were grooming each other, sniffing each other’s genitals and vocalising to each other in soft, high-pitched calls, similar to the sounds baby koalas make.

    They also appeared to be playing. They would gently — but perhaps provocatively — bite one another on the arm and ear, a bit like cheeky puppies do.

    These interactions weren’t brief, either. I watched the koalas for two hours before finally giving in to sleep. When I went back at lunchtime the next day, they were still at it.

    What’s behind these affectionate behaviours?

    This type of social interaction between wild koalas had only been observed once before, more than 30 years ago, in a high-density koala population on French Island off Victoria.

    Like that earlier observation, the koalas I recorded were young adult males, roughly aged between three and five years. Hormonal activity can surge at this life stage, leading to an increase in social behaviours such as play and boldness.

    But if the affectionate behaviours were solely the result of teenage hormones, you’d expect it to be observed more often in many koalas in this age group. But that’s not the case.

    Instead, these behaviours are most likely a result of the large koala populations.

    Typically, fewer than two koalas are found per hectare. At Cape Otway, there were 15 koalas per hectare. This number can reach up to 20 in parts of South Australia and Victoria.

    This high density means the home ranges of koalas are more likely to overlap and their interactions will be more frequent. It also means competition for food, space and mates can be especially high.

    So young males might use affectionate behaviours — such as grooming and playing — to reduce conflict and manage stress. It may help individuals become familiar with their neighbours, establish hierarchies and avoid aggressive encounters.

    Genetics may also play a role. Like many high-density koala populations, this population had low genetic diversity, meaning there was a high degree of relatedness among individuals.

    Low genetic diversity can be a big problem for species overall. But it does mean some animals might identify their relatives, and tolerate being close to them.

    The causes of low genetic diversity in high-density koala populations are complex. The species was almost hunted to extinction. This meant a vastly reduced number of koalas could pass on their genes to the next generation. To make matters worse, habitat destruction can prevent koalas from dispersing over a wide area.

    This truckload of koala pelts was taken during the 1927 open season in Queensland.
    State Library of Queensland, CC BY-ND

    The complex reality of koala conservation

    Koalas are listed as endangered in New South Wales, Queensland and the ACT. But high-density koala populations, such as the one I observed in Cape Otway, also present major conservation challenges.

    Too many koalas feeding in an area puts pressure on preferred tree species. This can result in mass tree death, and habitat loss for koalas and other species. In some cases, koalas can starve.

    Unfortunately, there are no quick and easy solutions to this issue. Moving koalas from crowded areas to places where they are endangered often isn’t possible, due to differences in climate and the unique gut bacteria koalas need for their local food trees.

    Other interventions, such as fertility control, can be effective. But this takes many years of intensive effort and significant funding, making it vulnerable to budget cuts and shifting priorities.

    Some experts say culling could be used to control koala numbers and conserve the surrounding habitat, as it is for kangaroos. However, this is likely to draw widespread public opposition.

    These complex challenges offer an unexpected silver lining, however. As my experience shows, high-density koala populations provide unique opportunities to observe rare social behaviours in this iconic species. All you need is curiosity, a big cup of tea, and patience.

    Darcy Watchorn works for Zoos Victoria, a not-for-profit zoo-based conservation organisation. He is a member of the Ecological Society of Australia, the Australian Mammal Society, and the Society for Conservation Biology.

    ref. ‘I was shocked’: a scientist tracking koalas films startling behaviour between young males – https://theconversation.com/i-was-shocked-a-scientist-tracking-koalas-films-startling-behaviour-between-young-males-247339

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Gene pools are getting dangerously shallow for many species. We found 5 ways to help

    Source: The Conversation (Au and NZ) – By Robyn Shaw, Research Fellow in Conservation Genomics, University of Canberra

    A golden bandicoot (_Isoodon auratus_) Colleen Sims/Department of Biodiversity, Conservation and Attractions, CC BY-SA

    Before species go extinct, their populations often shrink and become isolated. Healthy populations tend to have a large gene pool with many genetic variants circulating. But the path to extinction erodes genetic diversity, because a species’ gene pool shrinks as the population declines. Losing genetic diversity limits the ability of populations to adapt to threats such as disease and climate change.

    So, what is the state of genetic diversity in animals, plants, fungi and algae worldwide? And how could focusing on this crucial level of biodiversity help build resilience in the face of global change? We explore these questions in our new study, published today in Nature.

    Our team of 57 scientists from 20 countries trawled through more than 80,000 scientific articles across three decades to summarise evidence of genetic change in populations in 141 countries.

    Alarmingly, we found genetic diversity is being lost globally across many species, especially birds and mammals. This loss was most severe in studies reporting changes in habitat, new diseases, natural disasters, and human activities such as hunting or logging.

    But there’s hope. Our study suggests conservation strategies can help maintain or even increase genetic diversity.

    Isolated populations of the endangered Scandinavian arctic fox (Vulpes lagopus) have become inbred.
    Jonatan Pie, Unsplash

    What is genetic diversity and why does it matter?

    At the core of every cell lies a copy of the instruction manual for living things. This is the genetic code, made up of DNA molecules. But its sequence varies enormously, separating a moth from a tree from a bacterium. Even within a species, we see distinct genetic differences between individuals. These genetic differences contribute to differences in their traits, which is why we get individuals who are taller or shorter, faster or slower, bolder or more cautious.

    This genetic diversity stems from mutations. Often, these mutations are not helpful. But at times, they can enable populations to adapt to change.

    For example, golden kelp (Ecklonia radiata) likes colder water. But in a population, some individuals will have mutations suited for warm water. When a devastating marine heatwave hit the West Australian coast in 2011, individuals with warm-water mutations were more likely to survive and reproduce. This genetic diversity enabled the kelp population to adapt to the warmer conditions.

    This is why genetic diversity is so important – it gives species more resilience in a rapidly changing world. This priority has been recognised in Australia’s Strategy for Nature, and in goals and targets discussed at the United Nations biodiversity summit COP16.

    How can we safeguard or restore genetic diversity for threatened species?

    To answer this question, we used a technique called meta-analysis to look for patterns. From more than 80,000 published articles, we identified 882 studies which measured changes in genetic diversity over time. These studies came from right around the globe and across the entire “tree of life”.

    They show there are many ways to conserve genetic diversity. Here are five promising strategies to help keep species resilient.

    Scientists from 20 countries came together to read thousands of papers and collect data on genetic diversity during in-person and online workshops.
    Robyn Shaw

    Action 1: Adding individuals

    Adding individuals to an existing population is known as supplementation. Our research found supplementation was the only action linked to a significant increase in genetic diversity, especially in birds.

    Supplementation can help reduce the harmful effects of inbreeding, which is common in small, isolated populations. For example, conservationists working to safeguard New Zealand’s South Island robins (Petroica australis) moved female birds between isolated islands. The offspring of parents from different islands had stronger immune systems, higher survival rates, and improved reproductive health compared to their inbred counterparts.

    Supplementation is key for boosting genetic diversity, improving population health and building resilience.

    Action 2: Population control

    Doing the opposite – removing individuals – can actually improve outcomes for the population as a whole in some circumstances, by, for instance, reducing competition.

    But genetic diversity results varied a lot in studies using population control. So how can this strategy be used effectively?

    In one case, conservationists in the United States used population control of coaster brook trout (Salvelinus fontinalis) in a hatchery to prevent any single family from breeding too much. This meant multiple genetic lineages were maintained, increasing genetic diversity.

    Action 3: Restoration

    Ecosystem restoration can include planting trees, rehabilitating wetlands or restoring natural patterns of fire and water. We found genetic diversity was often maintained over time when ecological restoration was used.

    Restoration efforts, alongside supplementation, are important to the survival of the greater prairie-chicken (Tympanuchus cupido), which had lost much habitat. Researchers report restoring and expanding suitable habitat is proving crucial to sustain genetic diversity and achieving long-term recovery.

    Found in the US and Canada, greater prairie-chickens are known for their courtship dance.
    Danita Delimont/Shutterstock

    Action 4: Control of other species

    Feral, pest or overabundant species can outcompete, eat, or graze on species under threat. Controlling these species was linked to maintenance of genetic diversity in the studies we analysed overall.

    For example, control of red fox numbers helped the Arctic fox(Vulpes lagopu) recover in Sweden. The technique reduced competition over resources such as food while new foxes from Norway were added to the wild population. Inbreeding was reduced, and survival improved.

    Action 5: Conservation introductions and reintroductions

    Establishing new populations at new sites is known as a conservation introduction, while a reintroduction means restoring populations where they previously existed.

    We found mixed results for genetic diversity when these actions were reported. So, what factors contribute to success?

    In Western Australia, a large number of golden bandicoots (Isoodon auratus) from a robust island population were reintroduced to three sites. After six generations, genetic diversity at these sites remained similar to the original source population. Success came from careful planning to ensure the new populations had a large gene pool to start from.

    Overall, our study revealed many cases of genetic diversity loss. But we also found evidence that conservation action – especially supplementation – can improve the genetic health of a species.

    Researchers, conservation managers and volunteers helped grow seedlings and establish new populations of the critically endangered feather-leaved banksia near Albany in Western Australia.
    David Coates

    What can you do?

    Supporting genetic diversity can be done at home.

    If you have a garden, you can plant native species to support habitat connectivity.

    Growing heirloom vegetables and rare fruit trees, or breeding heritage chooks can maintain genetic diversity in our food system.

    Join community or botanic garden groups, or work with conservation groups to improve habitat or bolster numbers of threatened species.

    While enjoying nature, avoid accidentally moving plants, seeds, or soil to new areas to reduce the spread of pests and diseases.

    These small actions add up, helping to safeguard biodiversity at all levels – including genetic diversity.

    Robyn Shaw was supported during the study by funding from the Australian Research Council. The project workshop was sponsored by the European Cooperation in Science and Technology Action ‘Genomic Biodiversity Knowledge for Resilient Ecosystems’. She is a member of the Coalition for Conservation Genetics and the IUCN Conservation Genetics Specialist Group.

    Catherine Grueber’s research into the conservation genetics of threatened species receives funding from the Australian Research Council and the University of Sydney (Robinson Fellowship). She is a member of the Coalition for Conservation Genetics, and the IUCN Conservation Genetics Specialist Group.

    Katherine Farquharson was supported during the study by funding from the Australian Research Council Centre of Excellence for Innovations in Peptide and Protein Science. She is affiliated with Koala Conservation Australia.

    ref. Gene pools are getting dangerously shallow for many species. We found 5 ways to help – https://theconversation.com/gene-pools-are-getting-dangerously-shallow-for-many-species-we-found-5-ways-to-help-242708

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Women don’t have a ‘surge’ in fertility before menopause – but surprise pregnancies can happen, even after 45

    Source: The Conversation (Au and NZ) – By Karin Hammarberg, Adjunct Senior Research Fellow, Global and Women’s Health, School of Public Health & Preventive Medicine, Monash University

    IKO-studio/Shutterstock

    Every now and then we see media reports about celebrities in their mid 40s having surprise pregnancies. Or you might hear stories like these from friends or relatives, or see them on TV.

    Menopause signals the end of a woman’s reproductive years and happens naturally between age 45 and 55 (the average is 51). After 12 months with no periods, a woman is considered postmenopausal.

    While the chance of pregnancy is very low in the years leading up to menopause – the so called menopausal transition or perimenopause – the chance is not zero.

    So, what do we know about the chance of conceiving naturally after age 45? And what are the risks?

    Is there a spike in fertility before menopause?

    The hormonal changes that accompany perimenopause cause changes to the menstrual cycle pattern, and some have suggested there can be a “surge” in fertility at perimenopause. But there’s no evidence this exists.

    In the years leading up to menopause, a woman’s periods often become irregular, and she might have some of the common symptoms of menopause such as hot flushes and night sweats.

    This might lead women to think they have hit menopause and can’t get pregnant anymore. But while pregnancy in a woman in her mid 40s is significantly less likely compared to a woman in her 20s or 30s, it’s still possible.

    The stats for natural pregnancies after age 45

    Although women in their mid- to late 40s sometimes have “miracle babies”, the chance of pregnancy is minimal in the five to ten years leading up to menopause.

    The monthly chance of pregnancy in a woman aged 30 is about 20%. By age 40 it’s less than 5% and by age 45 the chance is negligible.

    We don’t know exactly how many women become pregnant in their mid to late 40s, as many pregnancies at this age miscarry. The risk of miscarriage increases from 10% in women in their 20s to more than 50% in women aged 45 years or older. Also, for personal or medical reasons some pregnancies are terminated.

    According to a review of demographic data on age when women had their final birth across several countries, the median age was 38.6 years. But the range of ages reported for last birth in the reviewed studies showed a small proportion of women give birth after age 45.

    Having had many children before seems to increase the odds of giving birth after age 45. A study of 209 women in Israel who had conceived spontaneously and given birth after age 45 found 81% had already had six or more deliveries and almost half had had 11 or more previous deliveries.

    Conceiving naturally at age 45 plus is not unheard of.
    pixelheadphoto digitalskillet/Shutterstock

    There’s no reliable data on how common births after age 45 are in Australia. The most recent report on births in Australia show that about 5% of babies are born to women aged 40 years or older.

    However, most of those were likely born to women aged between 40 and 45. Also, the data includes women who conceive with assisted reproductive technologies, including with the use of donor eggs. For women in their 40s, using eggs donated by a younger woman significantly increases their chance of having a baby with IVF.

    What to be aware of if you experience a late unexpected pregnancy

    A surprise pregnancy late in life often comes as a shock and deciding what to do can be difficult.

    Depending on their personal circumstances, some women decide to terminate the pregnancy. Contrary to the stereotype that abortions are most common among very young women, women aged 40–44 are more likely to have an abortion than women aged 15–19.

    This may in part be explained by the fact older women are up to ten times more likely to have a fetus with chromosomal abnormalities.

    There are some extra risks involved in pregnancy when the mother is older. More than half of pregnancies in women aged 45 and older end in miscarriage and some are terminated if prenatal testing shows the fetus has the wrong number of chromosomes.

    This is because at that age, most eggs have chromosomal abnormalities. For example, the risk of having a pregnancy affected by Down syndrome is one in 86 at age 40 compared to one in 1,250 at age 20.

    There are some added risks associated with pregnancy when the mother is older.
    Natalia Deriabina/Shutterstock

    Apart from the increased risk of chromosomal abnormalities, advanced maternal age also increases the risk of stillbirth, fetal growth restriction (when the unborn baby doesn’t grow properly), preterm birth, pre-eclampsia, gestational diabetes and caesarean section.

    However, it’s important to remember that since the overall risk of all these things is small, even with an increase, the risk is still small and most babies born to older mothers are born healthy.

    Multiple births are also more common in older women than in younger women. This is because older women are more likely to release more than one egg if and when they ovulate.

    A study of all births in England and Wales found women aged 45 and over were the most likely to have a multiple birth.

    The risks of babies being born prematurely and having health complications are higher in twin than singleton pregnancies, and the risks are highest in women of advanced maternal age.

    What if you want to become pregnant in your 40s?

    If you’re keen to avoid pregnancy during perimenopause, it’s recommended you use contraception.

    But if you want to get pregnant in your 40s, there are some things you can do to boost your chance of conceiving and having a healthy baby.

    These include preparing for pregnancy by seeing a GP for a preconception health check, taking folic acid and iodine supplements, not smoking, limiting alcohol consumption, maintaining a healthy weight, exercising regularly and having a nutritious diet.

    If you get good news, talking to a doctor about what to expect and how to best manage a pregnancy in your 40s can help you be prepared and will allow you to get personalised advice based on your health and circumstances.

    Karin Hammarberg 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. Women don’t have a ‘surge’ in fertility before menopause – but surprise pregnancies can happen, even after 45 – https://theconversation.com/women-dont-have-a-surge-in-fertility-before-menopause-but-surprise-pregnancies-can-happen-even-after-45-247454

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: New analysis of asteroid dust reveals evidence of salty water in the early Solar System

    Source: The Conversation (Au and NZ) – By Nick Timms, Associate Professor, School of Earth and Planetary Sciences, Curtin University

    A view of eight sample trays containing the final sample material from asteroid Bennu. Erika Blumenfeld & Joseph Aebers/JSC

    In October 2020, a van-sized robotic spacecraft briefly touched down on the surface of Bennu, a 525-metre-wide asteroid 320 million kilometres from Earth.

    As part of NASA’s OSIRIS-REx mission, the spacecraft not only spent two years orbiting and imaging the asteroid, it also collected a precious sample of dust and small rocks from Bennu’s rubbly surface.

    In September 2023, a capsule containing the pristine asteroid sample returned to Earth, landing in the Utah desert in the United States.

    Since then, an international team of scientists – of which we are members – have been busy studying the roughly 120 grams of material collected from Bennu.

    Our findings are revealed in two new papers published in Nature and Nature Astronomy today. They indicate that water may have once been present on Bennu’s parent body, and offer new insights into the chemistry of the early Solar System.

    Pristine remnants of rocks from deep time

    Asteroids are fragmentary remnants of pre-existing parent bodies from early in our Solar System’s history that have since been destroyed by collisions with other objects. They orbit the Sun and come in many different shapes, sizes and chemical compositions.

    Asteroid Bennu was targeted for the OSIRIS-REx mission because remote sensing observations from Earth indicated it as a B-type asteroid. These asteroids are rich in carbon and hydrated clay minerals, possibly sharing similarities to the most primitive group of meteorites on Earth, known as carbonaceous chondrites.

    Unlike meteorite samples, samples collected from asteroids have not been physically or chemically modified by Earth’s atmosphere and biosphere. This allows us to tackle key questions about the evolution of the early Solar System, planet formation, and the ingredients for life.

    Another aim of the OSIRIS-REx mission is to link findings from samples in the laboratory to those from remote sensing techniques. This helps us corroborate astronomical observations of asteroids to improve our surveys of the Solar System.

    Curation teams process the sample return capsule from NASA’s OSIRIS-REx mission in a cleanroom.
    Keegan Barber/NASA

    Tiny crystals of salt minerals

    To prevent contamination, the sealed capsule containing the sample was stored and handled in a huge glass box when it was returned to Earth. This tank had rubber gloves feeding into it from the side so scientists could handle the samples without directly touching them. It had also been purged with nitrogen to keep out moisture and oxygen from Earth’s atmosphere.

    When we analysed the interior of Bennu’s dust particles, we were surprised to find tiny crystals of the salt minerals known as halite and sylvite.

    This was a breakthrough discovery.

    Halite is extremely rare in meteorites. It has only been found in three out of hundreds of thousands of known meteorites on Earth. We also know that halite is highly soluble. It can degrade quickly when exposed to air or water on Earth.

    Other members of the OSIRIS-REx sample analysis team identified a variety of other salt minerals in the Bennu sample. These included sodium carbonates, phosphates, sulphates and fluorides.

    These minerals can form by the evaporation of brines – similar to deposits that form in Earth’s salt lakes.

    By comparing these results with the chemical makeup of salt lakes on Earth, a picture began to emerge of brines evaporating on the parent body of asteroid Bennu, leaving behind salts as evidence.

    Tiny crystals of several minerals including sodium carbonate (pictured here) were found in samples of the asteroid Bennu.
    Timothy McCoy/Smithsonian

    A variety of organic compounds

    This discovery provides a new insight into water activity during the earliest times in our Solar System. But the presence of salt minerals is significant for another reason.

    On Earth, these minerals are a catalyst for the formation of organic compounds such as nucleobases and nucleosides – the prebiotic building blocks of terrestrial biology.

    And indeed, in a separate analysis of the Bennu sample, other colleagues on the OSIRIS-REx mission identified a wide variety of organic compounds present on the carbon- and nitrogen-rich asteroid.

    These compounds include 14 of the 20 amino acids we also find in Earth’s biological processes. They also include several amino acids that are absent in known biology, ammonia, and all five nucleobases found in RNA and DNA.

    Even though no life was detected on Bennu, the two new studies show that a briny, carbon-rich environment on Bennu’s parent body was suitable for assembling the building blocks of life.

    In September 2023, a capsule containing the pristine sample from Bennu returned to Earth, landing in the Utah desert in the United States.
    Keegan Barber/NASA

    Ongoing investigations

    The findings from returned samples of asteroid Bennu may provide researchers insight into what happens on distant icy bodies in our Solar System.

    Some of these bodies include Saturn’s moon Enceladus and the dwarf planet Ceres in the asteroid belt between Mars and Jupiter.

    Both Enceladus and Ceres have subsurface brine oceans. Could they possibly harbour life?

    We are continuing to investigate Bennu using the pristine samples collected back in 2020. We are currently researching the timing of the Bennu parent body breakup event and looking for evidence of impacts recorded by various minerals in the samples.


    The authors of this article acknowledge the contribution of the following people to the research at Curtin University: Fred Jourdan, Steven Reddy, David Saxey, Celia Mayers, and Xiao Sun, as well as the entire OSIRIS-REx team.

    William Rickard receives funding from the Australian Research Council, Australia Government

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

    ref. New analysis of asteroid dust reveals evidence of salty water in the early Solar System – https://theconversation.com/new-analysis-of-asteroid-dust-reveals-evidence-of-salty-water-in-the-early-solar-system-248439

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI NGOs: Poland: Unjust conviction of activist accused of aiding an abortion must be overturned

    Source: Amnesty International –

    ‘Justyna Wydrzyńska is thought to be the first human rights activist in Europe to be prosecuted for providing abortion pills. She must be the last’ –  Monica Costa Riba

    Ahead of tomorrow’s appeal hearing of Justyna Wydrzyńska, an activist convicted in 2023 for helping a woman in an abusive relationship access a safe abortion, Monica Costa Riba, Amnesty International’s Women’s Rights Senior Campaigner, said: 

    “Justyna Wydrzyńska should have never been prosecuted, let alone convicted – no one should be criminalised for helping pregnant people access essential health care.  

    “Her prosecution exposed the lengths that the Polish authorities will go to in order to shut down legitimate activism and curtail the ability of women and girls to exercise their reproductive rights. Her unjust conviction must be overturned and the dangerous precedent it sets, reversed.

    “Justyna Wydrzyńska is thought to be the first human rights activist in Europe to be prosecuted for providing abortion pills. She must be the last.”  

    Helping a woman in need

    In 2020 Justyna Wydrzyńska – a doula and one of the founders of the civil society organisation Abortion Dream Team – helped a pregnant woman who said she had been suffering from domestic violence to access abortion pills. 

    On 22 November 2021, she was charged with “helping with an abortion” and “possession of medicines without authorisation for the purpose of introducing them into the market”.

    In March 2023, she was convicted of abetting an abortion and was sentenced to eight months of community service. 

    Poland has one of the most restrictive abortion laws in Europe. Abortion is only legal when the health or the life of the pregnant person is at risk or when the pregnancy is the result of rape or incest. Performing your own abortion or possession of abortion pills for a self-managed abortion is not a crime under Polish law, but any person or doctor who helps pregnant people with an abortion outside the two permitted grounds in the law may face up to three years in prison. 

    View latest press releases

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  • MIL-OSI Canada: Statement from Health and Wellness Minister

    Source: Government of Canada regional news

    Earlier this afternoon, there was a serious incident at the Halifax Infirmary emergency department. The threat has been contained, and police are on-site.

    Staff are also on-site to support patients and staff who witnessed this upsetting incident.

    I can’t provide details of an ongoing investigation, but I want everyone involved to know that I am thinking of them at this difficult time. I also want to reassure our healthcare and support staff at the Infirmary and across the province that we will continue working with our healthcare and union partners to make workplaces as safe as possible.

    I want to commend the staff for their quick response in an incredibly difficult situation. I will be in close touch with Nova Scotia Health for updates as they become available.


    MIL OSI Canada News

  • MIL-OSI USA: Welch Votes Against Advancing Pam Bondi’s Nomination to be the Next Attorney General of the United States

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – In the Senate Judiciary Committee today, U.S. Senator Peter Welch (D-Vt.) voted against advancing Pamela Bondi’s nomination to be the next Attorney General of the United States. In remarks following his vote, Senator Welch cited Ms. Bondi’s evasion on questions about the 2020 presidential election and concerns about her willingness to stand up against the President to preserve an independent Department of Justice. He called on his colleagues in the United States Senate to fulfill their role in serving as a check and balance to President Trump’s illegal power grabs. 
    “I would like to think that Pam Bondi would have the ability to stand up because she is qualified, she is engaging, but I was very disturbed on the question from Senator Hirono: ’Who won the election?’ And she couldn’t answer it. It was the Trump-permissible answer: that President Biden is the President, but could not say that he won the election. That bodes poorly,” said Senator Welch. “That is the reason for my no vote. But this raises a question that I think we as the United States Senate have to ask ourselves in view of the nine days of the reckless conduct and the illegal conduct of the President. Will we fulfill our Constitutional role as a separate and independent branch of government to maintain the principle of separation of powers and checks and balances? Our founders knew that would be needed. What they didn’t know is whether those who served in this position as United States Senators would meet the challenge when the check and balance was needed.” 
    Watch video of his remarks below:  
    Read his remarks in the Senate Judiciary Committee below: 
    “Pam Bondi is qualified. She has done outstanding work as an Attorney General, both as a County Prosecutor and as the Florida Attorney General, and I actually quite admire the grit that she had to take on a challenging statewide campaign to become Attorney General. 
    “Number two, she had very good testimony from Republicans and Democrats about her managerial style, and when I met with her, she was very engaging and responsive to the concerns I have about criminal justice. She is qualified.  
    “The question that we face as a Senate is: What kind of Department of Justice will we have? There has been a bipartisan recognition of the importance of independence at the Department of Justice. Will we have a Department of Justice that is independent, or will we have a Department of Justice that, in the words of President Trump, is ‘my’ Department of Justice, where I have the right to do anything I want to do.  
    “There is no question about where President Trump is going. Nine days into the President’s administration, he is on a rampage — a rampage of reckless conduct and illegal conduct. The reckless conduct, of course, are these horrible pardons. People who grabbed the shields that police were using to defend themselves and then started battering police with them, stomping them, kicking them, spitting on them, and then these folks who are pardoned, they get out and they say they want to come back here, and they want those who certified the election of the president to be hanged. We have people who are pardoned, who are wanted for soliciting sex with a minor. Those pardons are so disrespectful to the men and women of law enforcement. It is absolutely despicable in my view. 
    “But then the illegal conduct: The President says that he can do what he wants to do, regardless of the law.  
    “One of the laws that I am so proud of is something, Mr. Chairman, you authored and it’s the Inspector Generals. And he fired them all, despite the specific provision in the law that you wisely included, that there be a 30-day notice. Illegal. Clearly illegal. He did the same thing at the National Labor Relations Board.  
    “There are specific statutory, legislative responsibilities if you want to remove a person. Just blew by it. Illegal. Then, of course, the shocking announcement about impoundment. Absolutely illegal, interfering with the Constitutional right of the Article I branch of Congress to be the appropriator of funds. And what he is doing is illegal.  
    “Then TikTok—we passed a law in Congress—bipartisan—that it has to comply or be sold. The president picks and chooses and says, ‘No, we are not applying the law.’ Illegal.  
    “At the Justice Department, before the new AG is even there, the President has installed his personal lawyers. His personal lawyers. And they started doing dirty work, firing career prosecutors. 
    “There is no mystery here about what the president is going to insist upon. It’s that the DOJ will be ‘my’ law firm. That’s what it is. And there is no question because, if past is prologue, goodbye to Attorney General Barr, goodbye to Attorney General Sessions when they didn’t comply with the demands of an overbearing president.  
    “Now, I would like to think that Pam Bondi would have the ability to stand up because she is qualified, she is engaging, but I was very disturbed on the question from Senator Hirono: ’Who won the election?’ And she couldn’t answer it.  
    “It was the Trump-permissible answer that ‘President Biden is the President,’ but could not say that he won the election. That bodes poorly.  
    “That is the reason for my no vote. But this raises a question I think we as the United States Senate have to ask ourselves – in view of the nine days of the reckless conduct and the illegal conduct of the President: Will we fulfill our constitutional role as a separate and independent branch of government to maintain the principle of separation of powers and checks and balances? Our founders knew that would be needed. What they didn’t know is whether those who served in this position as United States Senators would meet the challenge when the check and balance was needed.” 
    Watch Senator Welch’s questioning of Ms. Bondi during her confirmation hearing, as well as legal and ethics experts and former colleagues.  

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  • MIL-OSI Asia-Pac: CAQM Sub-Committee on GRAP invokes Stage-III of the GRAP in the entire NCR with immediate effect in an effort to prevent further deterioration of air quality in the region

    Source: Government of India (2)

    Posted On: 29 JAN 2025 9:06PM by PIB Delhi

    Today, Delhi’s average Air Quality Index (AQI) has been on an increasing trend since morning and breached the 350 mark as the AQI for the day clocked 365 today as per the Daily AQI Bulletin provided by the Central Pollution Control Board (CPCB). In wake of deteriorating air quality of Delhi, the Sub-Committee on the Graded Response Action Plan (GRAP) of the Commission for Air Quality Management in NCR and Adjoining Areas called on a meeting today to review the air quality scenario and forecasts for meteorological conditions and air quality index made available by IMD/IITM.

    Noting an increasing trend in AQI levels of Delhi, the CAQM Sub-Committee on GRAP in its today’s meeting observed as under:

    • The AQI of Delhi which was recorded as 276 on 28.01.2025, exhibited a sharp increasing trend and has been recorded 365 at 4:00 PM on 29.01.2025 owing to variable direction/calm winds, smoggy situation, low mixing height & ventilation coefficient for dispersion of pollutants. The forecast from IMD/ IITM suggests similar situations to persist in coming days.

    Keeping in view the prevailing trend of air quality, and in an effort to prevent further deterioration of air quality in the region, the Sub-Committee today has taken the call to invoke all actions as envisaged under Stage-III of the extant schedule of GRAP, with immediate effect, in the entire NCR. This is in addition to the actions under Stages I & II of the extant schedule of GRAP already in-force in NCR. Various agencies responsible for implementing measures under GRAP including Pollution Control Boards (PCBs) of NCR and DPCC have also been addressed to ensure strict implementation of actions under Stage-III of the extant schedule of GRAP in addition to actions under Stages I & II of GRAP during this period.

    A 9-point action plan as per Stage-III of the extant schedule of GRAP is applicable with immediate effect in the entire NCR. This 9-point action plan includes steps to be implemented/ ensured by different agencies including Pollution Control Boards of NCR and DPCC. These steps are:

    1. Construction & Demolition activities:

    (i) Enforce strict restrictions on the following categories of dust generating/ air pollution causing C&D activities in the entire NCR:

    • Earthwork for excavation and filling including boring & drilling works.
    • Piling works.
    • All demolition works.
    • Laying of sewer line, water line, drainage and electric cabling etc. by open trench system.
    • Brick / masonry works.
    • Operation of RMC batching plant.
    • Major welding and gas-cutting operations. Minor welding activities for MEP works (Mechanical, Electrical and Plumbing) to be, however, permitted
    • Painting, polishing and varnishing works etc.
    • Cement, Plaster / other coatings, except for minor indoor repairs/ maintenance.
    • Cutting / grinding and fixing of tiles, stones and other flooring materials, except for minor indoor repairs/ maintenance.
    • Road construction activities and major repairs.
    • Transfer, loading / unloading of dust generating materials like cement, fly-ash, bricks, sand, murram, pebbles, crushed stone etc. anywhere within / outside the project sites.
    • Movement of vehicles carrying construction materials on unpaved roads.
    • Any transportation of demolition waste.

     

    (ii) All construction related activities, other than those listed under 1(i) above, which are relatively less polluting / less dust generating shall be permitted to be continued in the NCR, subject to strict compliance of the C&D Waste Management Rules, dust prevention/ control norms including compliance with the directions of the Commission issued from time to time.

    (iii) All C&D related activities, including those under 1(i) above, shall be continued to be permitted only for the following categories of projects, however subject to strict compliance of the C&D Waste Management Rules, dust prevention/ control norms including compliance with the directions of the Commission issued from time to time:

    1. Projects for Railway services and stations
    2. Projects for Metro Rail Services and stations
    3. Airports and Inter State Bus Terminals
    4. National security/ defence related activities/ projects of national importance
    5. Hospitals/ health care facilities
    6. Linear public projects such as highways, roads, flyovers, over bridges, power transmission/ distribution, pipelines, tele-communication services etc.
    7. Sanitation projects like sewage treatment plants and water supply projects etc.
    8. Ancillary activities, specific to and supplementing the above project categories.

     

    1. Close down operations of stone crushers in the entire NCR.
    2. Close down all mining and associated activities in the entire NCR.
    3. NCR State Govts. / GNCTD to impose strict restrictions on plying of BS III petrol and BS IV diesel LMVs (4 wheelers) in Delhi and in the districts of Gurugram, Faridabad, Ghaziabad and Gautam Budh Nagar.

     

    Note: Persons with Disabilities shall be permitted to ply BS – III Petrol / BS – IV Diesel LMVs, provided that these are specifically adopted for them and are run only for their personal use.

    1. GNCTD to impose strict restrictions on plying of Delhi – registered Diesel operated Medium Goods Vehicles (MGVs) to BS-IV standards or below, in Delhi, except those vehicles carrying essential commodities / providing essential services.
    2. GNCTD to not permit BS-IV and below diesel operated LCVs (goods carriers) registered outside Delhi, to enter Delhi, except those carrying essential commodities / providing essential services.
    3.  

    (i) State Govts. in the NCR and the GNCTD to mandatorily conduct classes in schools for children up to class V in a “Hybrid” mode i.e., both in physical and online mode (wherever online mode is feasible) in the territorial jurisdiction of the NCT of Delhi and in the districts of Gurugram, Faridabad, Ghaziabad and Gautam Buddh Nagar.

     

    (ii) The NCR State Governments may also consider conducting classes for students up to Class V in a “Hybrid” mode as above in other areas in NCR.

     

    Note: The option to exercise the online mode of education, wherever available, shall vest with the students and their guardians.

     

    1.  

    (i) GNCTD and NCR State Governments to stagger timings for public offices and municipal bodies in the National Capital Territory of Delhi and the districts of Gurugram, Faridabad, Ghaziabad and Gautam Buddh Nagar.

     

    (ii) State Governments may take a decision to stagger timings for public offices and municipal bodies in other areas of NCR.

     

    1. Central Government may take a decision on staggering of timings of Central Government offices in Delhi–NCR.

     

    Further, CAQM urges the citizens of NCR to cooperate in implementing GRAP and follow the steps mentioned in the Citizen Charter under GRAP. In addition to steps under Citizen Charter of Stages I & II, citizens are advised to:

    • Walk or use cycles for small distances.
    • Choose a cleaner commute. Share a ride to work or use public transport.
    • People, whose positions allow working from home, may work from home.
    • Do not use coal and wood for heating purpose.
    • Individual house owners may also provide electric heaters to security/ other staff employed by them to avoid open burning of bio-mass/ wood/ MSW.
    • Combine errands and reduce trips.

     

    Complete details of the extant schedule of GRAP are available on the Commission’s website and can be accessed via https://caqm.nic.in

    *****

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Dr. Mansukh Mandaviya Chairs National Conference with Labour Ministers and Secretaries of States & UTs in New Delhi

    Source: Government of India (2)

    Dr. Mansukh Mandaviya Chairs National Conference with Labour Ministers and Secretaries of States & UTs in New Delhi

    Union Minister Launches Occupational Shortage Index (OSI) and State and Union Territory Microsites under e-Shram

    All 36 States/UTs Expected to Complete Pre-publication of Harmonized Draft Rules in line with Labour Codes by 31st March 2025

    Discussions on Day 1 focused on Labour Reforms, ESIC Medical Facilities and Healthcare Infrastructure Reforms, Initiatives including the National Career Service (NCS) portal and the Model Career Centres (MCC)

    Posted On: 29 JAN 2025 8:16PM by PIB Delhi

    The two-day National level meeting with Labour Ministers and Secretaries of States & UTs, held in New Delhi, under the Chairmanship of Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, commenced today. Sushri Shobha Karandlaje, Hon’ble Minister of State for Ministry of Labour and Employment, along with Hon’ble Labour Ministers from various States/UTs, were present during the meetings. Ms Sumita Dawra, Secretary, set the context for the deliberations.

    Delivering his inaugural address, Dr. Mandaviya emphasized on the need for undertaking labour reforms, which are crucial for realizing the vision of Viksit Bharat by 2047. He underscored that a fine balance between workers’ welfare and industrial growth must remain at the core of all policy decisions. He urged all States and UTs to participate in knowledge-sharing on reforms undertaken by them, in the spirit of cooperative federalism, and their inputs will be transformed into a comprehensive action plan to take forward the employment and labour reform agenda in India.

    Spread over two days (29th & 30th January 2025), these meetings are focusing on laying the groundwork for Labour Reforms, Social Security for Organized and Unorganized Workers including Gig and Platform Workers and expanding ESIC medical and healthcare services. There is equal focus on interventions for matching demand and supply in the labour market, promoting employment generation and employability through National Career Service (NCS) Portal and Model Career Centres (MCC), etc.

    Attended by Labour Ministers and senior officials from States/UTs, these meetings provide a platform for showcasing the reforms undertaken by States in line with the labour codes and promote cross learnings and knowledge sharing.

    During day one, discussions were focused on (i) Labour Reforms; (ii) ESIC medical facilities and healthcare infrastructure reforms; and (iii) Initiatives including the National Career Service (NCS) portal and the Model Career Centres (MCC).

    Labour Reforms

    Several States have undertaken reforms in line with labour codes under the existing Acts. These reforms are aimed at promoting greater ease of doing business, reduction in compliance burden, decriminalisation, promoting women participation in the workforce, and other employment and labour related interventions, leading to a friendlier ecosystem of labour regulations. Such interventions promote both employment generation and labour welfare, leading us on the path of Viksit Bharat by 2047.

    It was noted that over eighteen States/UTs have already implemented majority of the reforms and more than 32 States/UTs have pre-published the draft rules under the four Labour Codes, while the remaining States/UTs have made satisfactory progress, during the year. All 36 States/UTs expected to complete pre-publication of harmonized draft rules in line with the labour codes, by 31st March 2025.

    ESIC Medical Facilities and Healthcare Infrastructure Reforms

    Focussed discussions on (i) convergence of ESIC with PM-ABJAY; (ii) utilization of State Primary Health Centres (PHCs) and Community Health Centres (CHCs) for Primary/Secondary Medical Care; (iii) formation of State ESI Society; (iv) implementation of Dhanwantari Module in ESIS hospitals/ dispensaries and (v) designating Medical Colleges and Charity Hospitals as ESIC hospitals, was also one of the key highlights of the day.

    Leveraging the existing healthcare infrastructure including PM-ABJAY hospitals, PHCs / CHCs with upgradation of necessary medical facilities was emphasized to provide comprehensive benefits, especially in the underserved areas.

    Promoting Employability and Employment Generation

    On day one, Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports launched two significant initiatives – Occupational Shortage Index (OSI) and State and Union Territory Microsites under the e-Shram initiative. The OSI is a landmark initiative aimed at matching labour market demand and supply and enhancing employment outcomes across India. The eShram microsites would facilitate two-way integration and provide a one-stop-solution to unorganized workers for seamless access of social security and welfare, employment opportunities, skilling programmes, etc.

    During the session, States’ role in promoting the usage of National Career Service (NCS) portal and Model Career Centre (MCC) facilities was presented. States were urged to complete digitization of employment portals and integration with NCS on priority so that job seekers can widely gain from the one-stop solution for career-related services and physical hubs for career counseling and employment facilitation.

    Several useful insights and suggestions were shared by participants during day one. The Ministry in collaboration with States/UTs is compiling a comprehensive action plan to implement reforms in a focused manner.

    The day concluded with vibrant cultural programme showcasing the rich cultural heritage of India.

    *****

    Himanshu Pathak

    (Release ID: 2097446) Visitor Counter : 22

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: CBIC destroys 10,413 kg seized narcotics and 94.62 lakh tablets worth Rs. 2,246 during Drug Disposal Drivefrom 11th to 26th January, 2025

    Source: Government of India (2)

    Posted On: 29 JAN 2025 6:53PM by PIB Delhi

    As part of Drug Disposal Driveby the Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, from 11th to 26th, January, 2025, the field formations of CBIC destroyed around 7,844 kgganja, 1,724 kg methaqualone (mandrax), 560 kghashish/charas, 130 kg methamphetamine, 105 kgketamine, 23 kgheroin, 20 kg cocaine, 7 kg MDMA, 94.16 lakh tramadol HCL tablets, 46,000 alprazolam tablets and 586 ampules of injections of various drugs.

     

    The illicit international market value of destroyed NDPS is around Rs. 2246 crores. The destruction was carried out in a safe and non-hazardous manner at multiple locations across India.

     

    The Drug Disposal Drive not only underscores CBIC’s commitment towards combating NDPS trafficking but also aims to promote awareness among public of the initiatives being taken by CBIC in this regard. The drive coincides with the nationwide drive launched by Union Home Minister during regional conference on Drug Trafficking and National Security held on 11th January 2025 at New Delhi.

    ****

    NB/KMN

    (Release ID: 2097413) Visitor Counter : 65

    MIL OSI Asia Pacific News

  • MIL-OSI USA: A Heartbeat of Tradition: UConn Nursing Provides Stethoscopes to Sophomore Students

    Source: US State of Connecticut

    On the first day of each spring semester, sophomores like first-generation student Flormarie Lopez ’27 (NUR), are gifted a stethoscope before entering their junior year when clinical rotations begin.  

    NURS 3120 Health Assessment taught by Michele Cole, DNP, MSN, RN, CPN, and Yashika Sharma, Ph.D., RN, teaches students how to take and interpret vital signs, exercise sound clinical judgment, and how to approach patients – skills that they will use every day as a practicing nurse.   

    Through an endowed scholarship by UConn Nursing alum Margaret E. “Peggy” Sczesny ’69 (NUR), ’79 MS, these gifted stethoscopes are a fundamental tool that enhances confidence and symbolizes professionalism. It can help aid in diagnosis and assessment and serves as a constant companion.  

    I cherish this gift as a UConn student nurse – David Gorski ’26 (NUR)

    “I cherish this gift as a UConn student nurse,” says David Gorski ’26 (NUR). “I use my stethoscope every day in clinical. It’s very important to me to know how to use it and what to look for as we transition from students to health care practitioners.”  

    In addition to providing stethoscopes for sophomores, the Traditions Fund (as part of this scholarship) also finances nursing pins for all undergraduate and accelerated Certificate of Entry into Nursing (CEIN/BS) students at graduation.

    “The fact that donors provided this gift to nursing students is both touching and encouraging because getting a stethoscope is the first step towards feeling prepared for new endeavors in the clinical setting,” says associate clinical professor Marianne (Mimi) Snyder, Ph.D., MSN, RN.  

    Lopez says, “As a first-gen student, it’s so honoring to be able to show this to my mom and my family in Guatemala, being the first in my family to do something like this.” 

    Thanks to this generous gift, generations of UConn Nursing students will carry a reminder of their educational roots with them for years to come. 

    To contribute to the UConn School of Nursing please visit: https://nursing.uconn.edu/info-for/donors/  

    MIL OSI USA News

  • MIL-OSI Europe: Written question – EU actions on the energy crisis in Moldova – E-000094/2025

    Source: European Parliament

    Question for written answer  E-000094/2025/rev.1
    to the Commission
    Rule 144
    Piotr Müller (ECR)

    Moldova’s recent accusations that Russia triggered the Transnistria crisis by manipulating gas supplies and supporting destabilisation activities underline the need for the EU to step up its efforts to promote stability and provide support in Eastern Europe.

    • 1.What specific forms of humanitarian, financial and political support is the Commission already implementing or planning to implement in order to help Moldova deal with the energy crisis, especially in the Transnistria region? What measures are being taken to support Moldovan citizens affected by the reduction in gas supplies, including in cooperation with international organisations and EU Member States?
    • 2.How does the Commission intend to counter Russian influence in Transnistria and prevent further destabilisation of the region and what mechanisms is the Commission implementing to curb Russia’s activities, including providing support for separatist movements and carrying out energy blackmail?

    Submitted: 13.1.2025

    Last updated: 29 January 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Germany: INERATEC’s e-fuel demo plant in Frankfurt gets €70 million from EIB, EU-Commission and Breakthrough energy

    Source: European Investment Bank

    • The Capital injection will finance development of Europe’s first large-scale e-Fuel plant in Frankfurt and further research and development of INERATEC`s e-Fuels.
    • INERATEC`s e-fuels will support compliance with EU regulation requirements to add synthetic aviation fuel to kerosene to decarbonize aviation
    • Financing includes a €30million grant by Breakthrough Energy Catalyst, their first in Germany, underpinning the maturity of INERATEC’S technology 

    The European Investment Bank (EIB) and Breakthrough Energy Catalyst are providing a €70 million funding package through the EU-Catalyst Partnership to INERATEC, a Germany based e-fuel company. The EIB is providing a €40 million venture-debt-loan, backed by the EU`s InvestEU-program, while Breakthrough Energy Catalyst is awarding a grant of €30 million. The package will support the financing of INERATEC’s carbon neutral e-fuel production plant in Frankfurt, as well as further research and development. The Frankfurt plant is set to be Europe`s largest when opening in 2025.

    Long term market growth expected for e-SAF and e-Fuels

    E-fuel production uses CO2 and hydrogen to produce synthetic fuels and chemicals that are carbon neutral or close to carbon neutral when used. They have significant potential in hard-to-decarbonize sectors such as aviation, where commercial demand is underpinned by clear regulation. Therefore, long-term market growth can be expected.

    The EU’s ReFuelEU Aviation regulation requires that aviation fuel suppliers provide jet-fuel with 1.2 per cent minimum synthetic fuel content by 2030, rising to 35 per cent in 2050. Based in Karlsruhe, Germany, INERATEC is well placed for this growing market, offering an efficient, scalable modular design.

    INERATEC’S Frankfurt plant will produce up to 2,500 tons of e-fuels and e-chemicals, including e-sustainable aviation fuel (e-SAF). The plant will also incorporate an upgrading facility, enabling the e-crude oil to be refined into certifiable, ready-to-use sustainable aviation fuel on site. The fuel will support compliance with the EU’s synthetic aviation fuel mandate.

    INERATEC’s Frankfurt plant to show e-Fuel production is possible at scale

    EIB-Vice-President Nicola Beer said: “E-fuels are a crucial part of achieving a competitive net-zero economy, particularly in the mobility and transport sector. Game-changing technologies like Ineratec’s play a vital role in this transition. Together with the European Commission and Breakthrough Energy, through the EIB’s venture debt product, we are supporting an innovative startup in scaling up production and advancing research to make e-fuels a viable, sustainable alternative to fossil fuels.”

    INERATEC CEO Tim Boeltken said: “INERATEC’S Frankfurt production plant will show that e-fuel production is no longer a technological concept but a scalable reality. Reliable production of certifiable e-SAF is possible in the near-term – at commercial scale, that will be a breakthrough for sustainable aviation. This investment from EIB and Breakthrough Energy Catalyst is a sign of confidence in the INERATEC technology and approach.”

    Mario Fernandez, Head of Breakthrough Energy Catalyst, adds: “We are delighted to be working with INERATEC. This ground-breaking project will bring us a decisive step closer to the decarbonisation of aviation.”

    The financing reinforces EIB position as the ‘The Climate Bank’, a priority in the EIB Group’s 2024-2027 Strategic Roadmap, and supports the objectives of the European Commission’s RefuelEU aviation regulations.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    EIB venture debt is a quasi-equity investment product suitable for early and growth stage ventures, combining a long-term loan with an instrument linking the return to the performance of the company. Since 2015, the EIB has invested €6 billion in Venture Debt, backing over 200 companies and realising over 50 exits. With the backing of InvestEU, the EIB aims to support European ventures and scale-ups in the cleantech, deep-tech and life sciences sectors.

    INERATEC is committed to defossilizing and decarbonizing the world. The company produces e-Fuels and e-chemicals: carbon-neutral fossil fuel substitutes for use in the aviation, shipping and chemical industries. Its modular, scalable plants use renewable hydrogen and biogenic CO2 to produce synthetic kerosene, gasoline, diesel, waxes, methanol or natural gas. It is building what will be the world’s largest e-fuels plant to date, in Frankfurt, which will produce up to 2,500 tonnes of ultra-low-carbon aviation fuel per year. The company is based in Karlsruhe, Germany and backed by diverse international investors. www.ineratec.com

    Breakthrough Energy is committed to accelerating the world’s journey to a clean energy future. The organization funds breakthrough technologies, advocates for climate-smart policies, and mobilizes partners around the world to take effective action, accelerating progress at every stage.

    Breakthrough Energy Catalyst is a novel platform that funds and invests in first-of-a-kind commercial projects for emerging climate technologies. By investing in these opportunities, Catalyst seeks to accelerate the adoption of these technologies worldwide and reduce their costs.

    Catalyst currently focuses on five technology areas: clean hydrogen, sustainable aviation fuel, direct air capture, long-duration energy storage, and manufacturing decarbonization. In addition to capital, Catalyst leverages the team’s energy-infrastructure-investing and project-development expertise to work with innovators on advancing their projects from the development stage to funding and ultimately, to construction. Learn more about Breakthrough Energy and Catalyst at breakthroughenergy.org.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Request to eliminate subsidies for Morocco – E-000245/2025

    Source: European Parliament

    Question for written answer  E-000245/2025
    to the Commission
    Rule 144
    Nora Junco García (ECR), Diego Solier (ECR)

    Morocco, a country with a limited gross domestic product per capita and an economy still dependent on traditional sectors, is experiencing significant economic growth thanks to long-term strategies. This development is having a direct impact on Spain, especially in strategic sectors such as industry and logistics. Massive foreign investment, extremely favourable fiscal conditions and projects such as the development of the port of Tanger Med, which already exceeds the port of Algeciras in terms of traffic, are evidence of a model that is keeping Spain’s competitiveness in check.

    However, Spain is not only facing an external challenge. Misguided policy decisions have contributed to weakening essential infrastructures such as the rail corridor to Algeciras, hampering its competitiveness. Moreover, the Spanish Government has allowed a worrying dependence on Morocco in strategic areas such as the control of migratory flows and natural resources, compromising national sovereignty and economic stability.

    All this proves that the economic balance within the European Union is at stake. In view of the above:

    • 1.What measures is the Commission considering to ensure that European subsidies to non-EU countries do not harm Member States?
    • 2.What specific initiatives is the Commission planning to strengthen the logistical corridors in southern Europe, such as the Algeciras corridor?
    • 3.Is the Commission assessing the economic impact of Morocco’s fiscal and labour policies on key European industries?

    Submitted: 21.1.2025

    Last updated: 29 January 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Italy’s compliance with Directive (EU) 2015/2366 in relation to electronic payment fees on pagoPA – E-000238/2025

    Source: European Parliament

    Question for written answer  E-000238/2025
    to the Commission
    Rule 144
    Pasquale Tridico (The Left), Dario Tamburrano (The Left)

    Directive (EU) 2015/2366 (PSD2) requires Member States to prevent payees from charging fees for the use of payment instruments for which the interchange fees are regulated by Chapter II of Regulation (EU) 2015/751.

    In Italy, the pagoPA platform charges fees for payments made with debit or credit cards, at varying rates depending on the payment service provider chosen. These fees may represent a burden for citizens using electronic payment instruments to fulfil their administrative obligations.

    In view of the above, can the Commission answer the following questions:

    • 1.Is the Commission aware of the fact that fees are being charged for electronic card payments on pagoPA in Italy, and does it consider this to be in line with the provisions of the PSD2 and Regulation (EU) 2015/751?
    • 2.Will it check that Italy is complying with EU legislation on payment services, in particular with regard to the charging of fees for electronic payments made to the public administration?
    • 3.Will it take measures to ensure that electronic payments to public bodies do not come with additional fees, in line with the PSD2’s objectives of promoting the use of efficient and secure electronic payment instruments?

    Submitted: 21.1.2025

    Last updated: 29 January 2025

    MIL OSI Europe News

  • MIL-OSI: Adams Resources & Energy, Inc. Stockholders Approve Acquisition by an Affiliate of Tres Energy LLC

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) announced today that its stockholders have voted at a special meeting of the Company’s stockholders (the “Special Meeting”) to approve the pending acquisition of the Company by an affiliate of Tres Energy LLC. Under the terms of the merger agreement that was approved at the Special Meeting, Adams stockholders will receive $38.00 per share in cash for each share of Adams common stock they own immediately prior to the effective time of the merger.

    Approximately 77% of the Company’s outstanding shares were voted at the Special Meeting, and the merger was approved by over 76% of the Company’s outstanding shares. The final voting results on the proposals voted on at the Special Meeting will be set forth in a Form 8-K that will be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).

    The merger is expected to close in early February 2025, subject to customary closing conditions.

    Forward-Looking Statements and Information

    This communication contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. Any statements contained in this communication that are not statements of historical fact, including statements about the timing of the proposed transaction, Adams’s ability to consummate the proposed transaction and the expected benefits of the proposed transaction, may be deemed to be forward-looking statements. All such forward-looking statements are intended to provide management’s current expectations for the future of the Company based on current expectations and assumptions relating to the Company’s business, the economy and other future conditions. Forward-looking statements generally can be identified through the use of words such as “believes,” “anticipates,” “may,” “should,” “will,” “plans,” “projects,” “expects,” “expectations,” “estimates,” “forecasts,” “predicts,” “targets,” “prospects,” “strategy,” “signs,” and other words of similar meaning in connection with the discussion of future performance, plans, actions or events. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict. Such risks and uncertainties include, among others: (i) the risk that a condition of closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction might otherwise not occur, (ii) risks related to disruption of management time from ongoing business operations due to the proposed transaction, (iii) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of Adams, (iv) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Adams to retain customers and retain and hire key personnel and maintain relationships with its suppliers and customers, (v) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, including in circumstances requiring the Company to pay a termination fee, (vi) unexpected costs, charges or expenses resulting from the Merger, (vii) potential litigation relating to the Merger that could be instituted against the parties to the Merger Agreement or their respective directors, managers or officers, including the effects of any outcomes related thereto, (viii) worldwide economic or political changes that affect the markets that the Company’s businesses serve which could have an effect on demand for the Company’s products and services and impact the Company’s profitability, and (ix) disruptions in the global credit and financial markets, including diminished liquidity and credit availability, cyber-security vulnerabilities, crude oil pricing and supply issues, retention of key employees, increases in fuel prices, and outcomes of legal proceedings, claims and investigations. Accordingly, actual results may differ materially from those contemplated by these forward-looking statements. Investors, therefore, are cautioned against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in Adams’s filings with the SEC, including the risks and uncertainties identified in Part I, Item 1A – Risk Factors of Adams’s Annual Report on Form 10-K for the year ended December 31, 2023 and in the Company’s other filings with the SEC.

    These forward-looking statements speak only as of the date of this communication, and Adams does not assume any obligation to update or revise any forward-looking statement made in this communication or that may from time to time be made by or on behalf of the Company, whether in response to new information, future events, or otherwise, except as required by applicable law.

    There can be no assurance that the proposed transaction will in fact be consummated. We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this communication. The Company undertakes no obligation or duty to update or revise any of these forward-looking statements after the date of this communication, whether in response to new information, future events, or otherwise, except as required by applicable law.

    About Adams Resources & Energy, Inc.

    Adams Resources & Energy, Inc. is engaged in crude oil marketing, transportation, terminalling and storage, tank truck transportation of liquid chemicals and dry bulk and recycling and repurposing of off-spec fuels, lubricants, crude oil and other chemicals through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, L.L.C., GulfMark Terminals, LLC, Phoenix Oil, Inc., and Firebird Bulk Carriers, Inc. For more information, visit www.adamsresources.com.

    About Tres Energy LLC

    Tres Energy LLC is a privately held limited liability company that invests in and operates strategic energy assets across the United States. For more information, visit www.tres-energy.com.

    Company Contact

    Tracy E. Ohmart
    EVP, Chief Financial Officer
    tohmart@adamsresources.com
    (713) 881-3609

    The MIL Network

  • MIL-OSI Europe: Debates – Wednesday, 29 January 2025 – Brussels – Revised edition

    Source: European Parliament

     

      Corrie Hermann. – Dear President of the European Parliament, dear Roberta Metsola, dear Presidents, dear Members, Commissioners, excellencies, distinguished guests, this story about one Holocaust victim is dedicated to every one of the 6 million victims whom we deplore today.

    My father, Hermann Pál, was born on 27 March 1902 in Budapest, in a well-to-do family. At the time, Budapest was still the second capital of the Habsburg Empire – the era which Stefan Zweig depicts in Die Welt von Gestern. The Jewish citizenry had become gradually an integral part of the community, and joined intensively in the professional, cultural and financial life.

    Hermann Pál was intelligent and musical, and was admitted, at the age of 15, as a cello student at the famous Franz Liszt Academy, established in 1875 – the cradle of many generations of top musicians from Hungary. His best friend became the violinist Székely Zoltán, who would become a worldwide-known soloist and the first violinist of the New Hungarian String Quartet. Pál developed not only as a cellist but also as a composer. His teachers were Kodály and Bartók.

    Even before the formal completion of his training, he reaped his first success in a private concert at the house of Arnold Schönberg with the ‘Sonata for Cello Solo’, which Kodály had composed a few years earlier. A performance of this sonata at a concert in Switzerland, which was organised by the International Society of Contemporary Music, was the first step in his international career.

    But in the meantime, the First World War had raged in Europe. The Habsburg Empire was no more. Hungary’s wings had been clipped by the Trianon Treaty, and the new leader, Admiral Horthy, was the first one to introduce antisemitic laws. The young cellist went to Berlin and changed his name from the Hungarian Hermann Pál to Paul Hermann.

    In Berlin, musical life was blooming. Paul took lessons at the Staatliche Academische Hochschule für Musik. To earn a living, he became a teacher at the progressive Volksmusikschule Berlin-Neukölln and he played in all kinds of ensembles: Baroque music, the great classics – Haydn, Mozart, Beethoven – and contemporary compositions by Hindemith, Ernst Toch and, of course, Kodály and Bartók.

    The tie with Zoltán Székely was to endure all his life. Zoltán had settled in the Netherlands. Together they gave concerts which were favourably reviewed in the Netherlands, Germany and England. In London they stayed often at the house of a Dutch couple, Jacob de Graaff and Louise Bachiene. De Graaff was a wealthy businessman. He and his wife were lovers of art and music, and liked to entertain young artists. They admired the two musicians so much that in 1927 they bought a Stradivarius violin for Zoltán and, in 1928, a Gagliano cello for Paul. That cello has a leading part in this story.

    Louise de Graaff corresponded frequently with relations in the Netherlands, and when Paul Hermann was scheduled to play in Amsterdam, she urged her young niece, Ada Weevers, to go to the concert and meet the artist. This meeting was such a success that they became engaged and married in 1931. They settled in an apartment in a new Berlin quarter, Charlottenburg. I was born in 1932 and there are pictures of my father holding me on the balcony.

    But in 1933 came bad luck. On 30 January, Hitler became Reichskanzler in Germany and a threatening atmosphere for Jewish people becomes immediately acute. Jews are fired from public functions. Paul Hermann loses his job. The little family seeks refuge with Ada’s parents in the Netherlands. In the summer holiday, they stay near the seaside and, when swimming, Ada gets caught in a vortex in the waves and nearly drowns. She inhales water, it leads to pneumonia and she dies a few months later.

    Paul Hermann joins Hungarian colleagues in Brussels. Together they perform as the Gertler Quartet. They tour Belgium, France, Switzerland, Italy, Hungary. He has left me with my maternal grandparents; a younger sister of my mother takes loving care of me. Every time my father visits is delightful. The whole family adores him.

    After a few years in Brussels, Paul Hermann moves to Paris and continues his international career. On 4 August 1939, I turned seven. I remember him coming, always with his cello. Only recently, I found a letter my father wrote to a friend telling me about all the difficulties he had to get permission from the French authorities to cross the border to Holland. Foreign Jews are already under suspicion.

    But I only know it’s my birthday, a party. As a present, my father gives me the new French book, ‘Histoire de Babar, le petit éléphant‘, and he teaches me my first French words: ‘Babar entre dans l’ascenseur, il monte dix fois en haut et descend dix fois en bas mais le garçon lui dit “ce n’est pas un joujou, monsieur l’éléphant”‘.

    But again, the atmosphere is threatening. War breaks out at the end of August. Borders are closing. All foreign visitors return hastily. That winter, Western Europe is mobilised, but the fighting is in the east. We can still correspond. But in the spring, Hitler looks toward France. The French army is preparing the defence. Paul Hermann joins a régiment de marche de volontaires étrangers to assist the French army. In June, the Germans are in Paris. Northern France, Belgium and the Netherlands are occupied and under German rule. As a schoolchild, I remember the little boards everywhere: ‘Verboden voor Joden‘.

    In France, the southern region is at first not occupied. People feel relatively safe there. Hermann and his cello stay first with the de Graaff couple, who have moved from London to the region south of Bordeaux, but then he moves to a room in Toulouse. He has some pupils and can give a few recitals. Censorship makes corresponding very difficult. We get only very few letters.

    Sometimes he can visit Ada’s brother, Jan Weevers, who has an agricultural business in a village about 150 km from Toulouse. This brother-in-law supports him as much as he can. But in 1942, all France is occupied. The terror of the Gestapo reigns also in Toulouse. In Budapest, Berlin, Paris, Paul Hermann has been able to flee from antisemitism. Now this is not possible anymore. He takes false papers, names himself de Cotigny and hopes for the best.

    But on 21 April 1944, he is arrested in a street raid, taken to the Toulouse prison and transported to Drancy, the assembling camp near Paris, from where the transports for the concentration camps departed.

    In May 1944, he is put in a wagon with 60 other men as a part of transport number 73 from Drancy. While the train is waiting at the station, he manages to write a note to his brother-in-law and throws it out of the train. A kind passenger, who probably realises this could be a last message, posts it. Miraculously, it reaches Jan Weevers. It reads:

    «On nous a dit que nous allions travailler à l’Organisation Todt. Nous sommes pleins d’espoir malgré tout. Quant à mes instruments, je te prie de sauver ce que tu peux.»

    There is hardly any transportation, but Jan Weevers manages to go to Toulouse, where Paul’s rooms have been sealed by the Gestapo. Spoils of war. He forces a window and exchanges the precious Gagliano cello for a cheap student’s instrument. He takes it home. Paul’s cello is saved.

    Transport 73 is not put to work for the organisation Todt. It is sent all through Europe to Kaunas in Lithuania. We don’t know what happened, but only a handful of the 900 prisoners who arrived in Kaunas will return after the war.

    In the Netherlands, 1944-1945 is the hardest year of the war. There is no food, no heating. The infrastructure is heavily destructed. In May 1945, the Canadians entered the city where we lived. The Nazi regime capitulates, and it is immense joy.

    Only weeks later, we hear what has happened in France. Investigations by Jan Weevers have been in vain. Will Paul Hermann return? In Tony Judt’s standard book Postwar, we read about the chaos in Middle Europe: many millions of displaced persons roam in deplorable conditions through what is left of Germany. Some returned home after months or years. Many don’t. Gradually we realise Paul will never come back.

    Surrounded by a beloved extended family, I grow up, go to the university to study medicine, marry, have a family. As a doctor, I work mainly in public health. And at the end of my career, I am elected in the Netherlands Parliament for the Green Party. After retirement, I am reminded of a pile of handwritten music scores which have been laying around for more than 60 years. They are old compositions of my father. He played music with his colleagues in all kinds of combinations.

    The Dutch foundation Forbidden Music Regained, which focuses on the work of composers who were persecuted by the Nazis, is interested. They are greatly impressed by the quality of the music, and organise concerts and recordings. My son Paul, named after his grandfather, develops into the coordinator of this legacy and makes it accessible to musicians all over the world.

    When he’s visiting cousins in Los Angeles, they introduce him to the Recovered Voices project of the Los Angeles Colburn School of Music, which is also aimed at persecuted composers. Top cellist Clive Greensmith is enthusiastic about Hermann’s music, especially about a draft for a piece for cello and orchestra. Paul has a friend, an Italian composer, Fabio Conti, who makes the draft into a complete piece for cello and orchestra using themes from other Hermann compositions. Greensmith plays the premiere in 2018, in Lviv, Ukraine.

    But another staff member in Los Angeles, Carla Shapreau, says: ‘Yes, this is the music. But where is that Gagliano cello?’ In 1953, Jan Weevers took the cello to the Netherlands. It has been sold to finance my studies, but we don’t know who bought it.

    Carla enlists the help of Oxford-based biography writer Kate Kennedy, who is working on a book about the duality of cellists and their cellos. Kate also gets under the spell of the Hermann story, and she looks for the cello literally all over the world – asking cellists, luthiers, instrument dealers, music schools, browsing through auction catalogues. Who knows the whereabouts of a Gagliano cello made in 1730 with the text ‘Ego sum anima musicae’ – I am the soul of music – on the side? But Kate does not find it. The publication date of her book nears; she feels defeated.

    The book Cello is published. Cellists everywhere read it. And then Kate gets a mail from a Chinese cello professor, Jian Wang, acting as jury member for the Concours Reine Elisabeth here in Brussels in 2022. He has noticed a cello. It is in the possession of the Robert Schumann Musik Hochschule in Düsseldorf, and only their best students are permitted to play it. At a presentation of Kate’s book Cello in the Wigmore Hall in London, where my father performed 100 years ago, Australian Sam Lucas plays, on Paul Hermann’s cello, one of his compositions.

    Between 1920 and 1940, Paul Hermann played the same cello in all Western and Central Europe. Searching for this icon of European culture has connected people from all over the world: from Europe to Los Angeles to China to Australia. And its amazing story has captured interest everywhere.

    For me, this is a reunion in spirit with the father whom I have missed for 85 years.

    Hitler has burned books, destroyed paintings and buildings, murdered millions of people. But music is invincible.

    Ego sum anima musicae. Freude, schöner Götterfunken. Alle Menschen werden Brüder.

     

    MIL OSI Europe News

  • MIL-OSI: Penns Woods Bancorp, Inc. Reports Fourth Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    WILLIAMSPORT, Pa., Jan. 29, 2025 (GLOBE NEWSWIRE) — Penns Woods Bancorp, Inc. (NASDAQ: PWOD)

    Penns Woods Bancorp, Inc. achieved net income of $17.7 million for the twelve months ended December 31, 2024, resulting in basic and diluted earnings per share of $2.35.

    Highlights

    • Net income, as reported under generally accepted accounting principles (GAAP), for the three and twelve months ended December 31, 2024 was $3.7 million and $17.7 million, respectively, compared to $5.6 million and $16.6 million for the same periods of 2023. Results for the three and twelve months ended December 31, 2024 compared to 2023 were impacted by an increase in net interest income of $1.6 million and $3.9 million, respectively, as the cost of funds stabilized. The three and twelve month periods ended December 31, 2024 have been impacted by after-tax merger related expenses of $581,000 resulting from the announced acquisition of the company by Northwest Bancshares, Inc. The disposal of assets related to two former branch properties resulted in a one time after-tax loss of $261,000 for the twelve month period ended December 31, 2024.
    • The allowance for credit losses was impacted for the three and twelve months ended December 31, 2024 by a provision for credit losses of $420,000 and $121,000, respectively, compared to a negative provision for credit losses of $1.7 million and $1.5 million for the 2023 periods. The recognition of a negative provision for credit losses for the 2023 periods was due primarily to a recovery on a commercial loan which positively affected the historical loss rates, and the payoff of a nonperforming commercial loan.
    • Basic and diluted earnings per share for the three months ended December 31, 2024 were $0.50 and $0.49, respectively, while the twelve months ended December 31, 2024 basic and diluted was $2.35. This compares to basic and diluted earnings per share of $0.77 and $2.34, respectively, for the three and twelve month periods ended December 31, 2023.
    • Annualized return on average assets was 0.67% for the three months ended December 31, 2024, compared to 1.02% for the corresponding period of 2023. Return on average assets was 0.80% for the twelve months ended December 31, 2024, compared to 0.79% for the corresponding period of 2023.
    • Annualized return on average equity was 7.28% for the three months ended December 31, 2024, compared to 12.60% for the corresponding period of 2023. Return on average equity was 9.14% for the twelve months ended December 31, 2024, compared to 9.84% for the corresponding period of 2023.

    Net Income

    Net income from core operations (“core earnings”), which is a non-GAAP measure of net income excluding net securities gains or losses, was $4.4 million and $18.4 million, respectively, for the three and twelve months ended December 31, 2024 compared to $5.6 million and $16.7 million for the same periods of 2023. Core earnings per share (non-GAAP) for the three months ended December 31, 2024 were basic $0.58 and diluted $0.57 while basic and diluted for the twelve months ended December 31, 2024 were $2.44. Basic and diluted core earnings per share for the three and twelve month periods of 2023 were $0.77 and $2.36, respectively. Annualized core return on average assets and core return on average equity (non-GAAP) were 0.78% and 8.48%, respectively, for the three months ended December 31, 2024, compared to 1.02% and 12.63% for the corresponding period of 2023. Annualized core return on average assets and core return on average equity (non-GAAP) were 0.83% and 9.46%, respectively, for the twelve months ended December 31, 2024, compared to 0.79% and 9.93% for the corresponding period of 2023. A reconciliation of the non-GAAP financial measures of core earnings, core return on assets, core return on equity, core earnings per share and tangible book value per share to the comparable GAAP financial measures is included at the end of this press release.

    Net Interest Margin

    The net interest margin for the three and twelve months ended December 31, 2024 was 2.98% and 2.83% respectively, compared to 2.73% and 2.80% for the corresponding periods of 2023. The increase in the net interest margin for the three month period was driven by an increase in the rate collected on interest-earning assets of 34 basis points (“bps”), while the decrease in the net interest margin for the twelve month period was driven by a 74 bps increase in the rate paid on interest-bearing liabilities. The overall increase in interest rates over the periods resulted in increases to both the yield on the earnings asset portfolio and the rate paid on interest-bearing liabilities. Driving the increase in the yield and interest income on the earning assets portfolio was the repricing of legacy assets coupled with portfolio growth. The average loan portfolio balance increased $47.4 million and $106.9 million, respectively, for the three and twelve month periods ended December 31, 2024 compared to the same periods of 2023 as the average yield on the portfolio increased 31 bps and 61 bps, resulting in an increase in taxable equivalent interest income of $2.0 million and $16.5 million, for the periods. The three and twelve month periods ended December 31, 2024 were impacted by an increase of 57 bps and 66 bps in the yield earned on the securities portfolio as legacy securities matured with the funds reinvested at higher rates, which resulted in an increase in taxable equivalent interest income of $285,000 and $1.5 million, respectively. Short-term borrowings decreased leading to a decrease of $1.8 million and $3.9 million, respectively, in expense for the three and twelve month periods ended December 31, 2024 compared to the same periods of 2023. The rate paid on interest-bearing deposits increased 37 bps and 96 bps, respectively, or $2.1 million and $13.8 million in expense, for the three and twelve month periods ended December 31, 2024 compared to the corresponding periods of 2023 due to the rate environment, an increase in competition for deposits, and a migration of deposit balances from core deposits to higher rate time deposits. The rates paid on time deposits significantly contributed to the increase in funding costs as rates paid for the three and twelve month periods ended December 31, 2024 compared to the same periods of 2023 increased 29 bps and 87 bps, respectively, or $1.7 million and $9.9 million in expense, as deposit gathering campaigns continued to focus on time deposits with a maturity of five to twenty-four months. In addition, brokered deposits have been utilized to assist with funding the loan portfolio growth and contributed to the increase in time deposit funding costs, while lowering the reliance on higher cost short-term borrowings.

    Assets

    Total assets increased to $2.2 billion at December 31, 2024, an increase of $27.5 million compared to December 31, 2023.  Net loans increased $36.9 million to $1.9 billion at December 31, 2024 compared to December 31, 2023, as continued emphasis was placed on commercial loan growth and indirect auto lending. The investment portfolio decreased $10.7 million from December 31, 2023 to December 31, 2024.

    Non-performing Loans

    The ratio of non-performing loans to total loans ratio increased to 0.47% at December 31, 2024 from 0.17% at December 31, 2023, as non-performing loans increased to $8.9 million at December 31, 2024 from $3.1 million at December 31, 2023. The majority of non-performing loans involve loans that are either in a secured position and have sureties with a strong underlying financial position or have been classified as individually evaluated loans that have a specific allocation recorded within the allowance for credit losses. Net loan charge offs of $228,000 and $540,000 for the three and twelve months ended December 31, 2024, respectively, impacted the allowance for credit losses, which was 0.63% of total loans at December 31, 2024 compared to 0.62% at December 31, 2023. Exposure to non-owner occupied office space is minimal at $14.1 million at December 31, 2024 with none of these loans being delinquent.

    Deposits

    Deposits increased $116.6 million to $1.7 billion at December 31, 2024 compared to December 31, 2023. Noninterest-bearing deposits decreased $14.2 million to $456.9 million at December 31, 2024 compared to December 31, 2023.  Core deposits declined $17.8 million as deposits migrated from core deposit accounts into time deposits as market rates and competition for deposits increased. Core deposit gathering efforts remained focused on increasing the utilization of electronic (internet and mobile) deposit banking by our customers. Core deposits have remained stable at $1.2 billion over the past five quarters. Interest-bearing deposits increased $130.8 million from December 31, 2023 to December 31, 2024 due to growth in the time deposit portfolio of $80.8 million as customers sought a higher rate of interest. Brokered deposit balances increased $53.6 million to $178.3 million at December 31, 2024 as this funding source was utilized to supplement funding loan portfolio growth, while reducing the need to draw upon available borrowing lines. A campaign to attract time deposits with a maturity of five to twenty-four months commenced during the latter part of 2022 and has continued throughout 2023 and 2024 with current efforts centered on five months.

    Shareholders’ Equity

    Shareholders’ equity increased $13.7 million to $205.2 million at December 31, 2024 compared to December 31, 2023.  During the three and twelve months ended December 31, 2024 there were no shares issued under the previously disclosed registered at-the-market offering. A total 31,066 shares for net proceeds of $632,000 were issued as part of the Dividend Reinvestment Plan during the twelve months ended December 31, 2024. Accumulated other comprehensive loss of $5.3 million at December 31, 2024 decreased from a loss of $9.2 million at December 31, 2023 as a result of a decrease in net unrealized loss on available for sale securities to $4.6 million at December 31, 2024 from a net unrealized loss of $6.4 million at December 31, 2023, coupled with a decrease in loss of $2.0 million in the defined benefit plan obligation. The current level of shareholders’ equity equates to a book value per share of $27.16 at December 31, 2024 compared to $25.51 at December 31, 2023, and an equity to asset ratio of 9.19% at December 31, 2024 and 8.69% at December 31, 2023. Tangible book value per share (a non-GAAP measure) increased to $24.97 at December 31, 2024 compared to $23.29 at December 31, 2023. Dividends declared for the three and twelve months ended December 31, 2024 and 2023 were $0.32 and $1.28 per share.

    Penns Woods Bancorp, Inc. is the parent company of Jersey Shore State Bank, which operates sixteen branch offices providing financial services in Lycoming, Clinton, Centre, Montour, Union, and Blair Counties, and Luzerne Bank, which operates eight branch offices providing financial services in Luzerne County, and United Insurance Solutions, LLC, which offers insurance products.  Investment and insurance products are offered through Jersey Shore State Bank’s subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group.

    NOTE:  This press release contains financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).  Management uses the non-GAAP measure of net income from core operations in its analysis of the company’s performance. This measure, as used by the Company, adjusts net income determined in accordance with GAAP to exclude the effects of special items, including significant gains or losses that are unusual in nature such as net securities gains and losses. Because these certain items and their impact on the Company’s performance are difficult to predict, management believes presentation of financial measures excluding the impact of such items provides useful supplemental information in evaluating the operating results of the Company’s core businesses. These disclosures should not be viewed as a substitute for net income determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

    This press release may contain certain “forward-looking statements” including statements concerning plans, objectives, future events or performance and assumptions and other statements, which are statements other than statements of historical fact.  The Company cautions readers that the following important factors, among others, may have affected and could in the future affect actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company herein: (i) the effect of changes in laws and regulations, including federal and state banking laws and regulations, and the associated costs of compliance with such laws and regulations either currently or in the future as applicable; (ii) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies as well as by the Financial Accounting Standards Board, or of changes in the Company’s organization, compensation and benefit plans; (iii) the effect on the Company’s competitive position within its market area of the increasing consolidation within the banking and financial services industries, including the increased competition from larger regional and out-of-state banking organizations as well as non-bank providers of various financial services; (iv) the effect of changes in interest rates; (v) the effects of health emergencies, including the spread of infectious diseases or pandemics; (vi) the effect of changes in the business cycle and downturns in the local, regional or national economies; or (vii) any potential adverse events or developments resulting from the merger agreement, dated December 16, 2024, between Penns Woods Bancorp, Inc. and Northwest Bancshares, Inc., including, without limitation, any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement or the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or to successfully integrate the business and operations of Jersey Shore State Bank and Luzerne Bank with those of Northwest Savings Bank after closing.  For a list of other factors which could affect the Company’s results, see the Company’s filings with the Securities and Exchange Commission, including “Item 1A.  Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

    You should not place undue reliance on any forward-looking statements.  These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise.  The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    Previous press releases and additional information can be obtained from the Company’s website at www.pwod.com.

    Contact: Richard A. Grafmyre, Chief Executive Officer
      110 Reynolds Street
      Williamsport, PA 17702
      570-322-1111 e-mail: pwod@pwod.com
     
    PENNS WOODS BANCORP, INC.
    CONSOLIDATED BALANCE SHEET
    (UNAUDITED)
     
        December 31,
    (In Thousands, Except Share and Per Share Data)     2024       2023     % Change
    ASSETS:                
    Noninterest-bearing cash           $         19,989     $         28,969             (31.00 ) %
    Interest-bearing balances in other financial institutions                     8,983               8,493             5.77   %
    Total cash and cash equivalents                     28,972               37,462             (22.66 ) %
                     
    Investment debt securities, available for sale, at fair value                     184,542               190,945             (3.35 ) %
    Investment equity securities, at fair value                     1,111               1,122             (0.98 ) %
    Restricted investment in bank stock                     20,032               24,323             (17.64 ) %
    Loans held for sale                     3,266               3,993             (18.21 ) %
    Loans                     1,877,078               1,839,764             2.03   %
    Allowance for credit losses                     (11,848 )             (11,446 )           3.51   %
    Loans, net                     1,865,230               1,828,318             2.02   %
    Premises and equipment, net                     27,789               30,250             (8.14 ) %
    Accrued interest receivable                     11,114               11,044             0.63   %
    Bank-owned life insurance                     45,681               33,867             34.88   %
    Investment in limited partnerships                     6,691               7,815             (14.38 ) %
    Goodwill                     16,450               16,450             —   %
    Intangibles                     107               210             (49.05 ) %
    Operating lease right of use asset             2,811               2,512             11.90   %
    Deferred tax asset                     3,493               4,655             (24.96 ) %
    Other assets                     15,049               11,843             27.07   %
    TOTAL ASSETS           $         2,232,338     $         2,204,809             1.25   %
                     
    LIABILITIES:                
    Interest-bearing deposits           $         1,249,145     $         1,118,320             11.70   %
    Noninterest-bearing deposits                     456,936               471,173             (3.02 ) %
    Total deposits                     1,706,081               1,589,493             7.33   %
                    %
    Short-term borrowings                     42,200               145,926             (71.08 ) %
    Long-term borrowings                     254,588               252,598             0.79   %
    Accrued interest payable                     4,664               3,814             22.29   %
    Operating lease liability                     2,889               2,570             12.41   %
    Other liabilities                     16,685               18,852             (11.49 ) %
    TOTAL LIABILITIES                     2,027,107               2,013,253             0.69   %
                     
    SHAREHOLDERS’ EQUITY:                
    Preferred stock, no par value, 3,000,000 shares authorized; no shares issued                     —               —     n/a
    Common stock, par value $5.55, 22,500,000 shares authorized; 8,066,968 and 8,019,219 shares issued; 7,556,743 and 7,508,994 shares outstanding                     44,815               44,550             0.59   %
    Additional paid-in capital                     63,193               61,733             2.37   %
    Retained earnings                     115,331               107,238             7.55   %
    Accumulated other comprehensive loss:                
    Net unrealized loss on available for sale securities                     (4,567 )             (6,396 )           28.60   %
    Defined benefit plan                     (726 )             (2,754 )           73.64   %
    Treasury stock at cost, 510,225 shares                     (12,815 )             (12,815 )           —   %
    TOTAL SHAREHOLDERS’ EQUITY                     205,231               191,556             7.14   %
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY           $         2,232,338     $         2,204,809             1.25   %
     
    PENNS WOODS BANCORP, INC.
    CONSOLIDATED STATEMENT OF INCOME
    (UNAUDITED)
     
        Three Months Ended December 31,   Twelve Months Ended December 31,
    (In Thousands, Except Share and Per Share Data)     2024       2023     % Change
        2024       2023     % Change
    INTEREST AND DIVIDEND INCOME:                                
    Loans including fees           $         25,759     $         23,720             8.60   %   $         99,780     $         83,291             19.80   %
    Investment securities:                                
    Taxable                     1,826               1,476             23.71   %             7,039               5,346             31.67   %
    Tax-exempt                     59               107             (44.86 ) %             292               517             (43.52 ) %
    Dividend and other interest income                     607               614             (1.14 ) %             2,587               2,441             5.98   %
    TOTAL INTEREST AND DIVIDEND INCOME                     28,251               25,917             9.01   %             109,698               91,595             19.76   %
                                     
    INTEREST EXPENSE:                                
    Deposits                     9,523               7,445             27.91   %             35,962               22,131             62.50   %
    Short-term borrowings                     479               2,317             (79.33 ) %             4,503               8,401             (46.40 ) %
    Long-term borrowings                     2,686               2,207             21.70   %             10,353               6,099             69.75   %
    TOTAL INTEREST EXPENSE                     12,688               11,969             6.01   %             50,818               36,631             38.73   %
                                     
    NET INTEREST INCOME                     15,563               13,948             11.58   %             58,880               54,964             7.12   %
                                     
    PROVISION (RECOVERY) FOR CREDIT LOSSES                      420               (1,742 )           124.11   %             121               (1,479 )           108.18   %
                                     
    NET INTEREST INCOME AFTER PROVISION (RECOVERY) OF CREDIT LOSSES                     15,143               15,690             (3.49 ) %             58,759               56,443             4.10   %
                                     
    NON-INTEREST INCOME:                                
    Service charges                     516               533             (3.19 ) %             2,067               2,090             (1.10 ) %
    Net debt securities losses, available for sale                     (9 )             (68 )           86.76   %             (49 )             (193 )           74.61   %
    Net equity securities (losses) gains                     (35 )             50             (170.00 ) %             (11 )             15             (173.33 ) %
    Bank-owned life insurance                     303               171             77.19   %             1,159               1,063             9.03   %
    Gain on sale of loans                     463               314             47.45   % .           1,484               1,046             41.87   %
    Insurance commissions                     128               113             13.27   %             553               529             4.54   %
    Brokerage commissions                     163               127             28.35   %             684               575             18.96   %
    Loan broker income                     543               264             105.68   %             1,384               992             39.52   %
    Debit card income                     385               333             15.62   %             1,437               1,328             8.21   %
    Other                     253               384             (34.11 ) %             910               930             (2.15 ) %
    TOTAL NON-INTEREST INCOME                     2,710               2,221             22.02   %             9,618               8,375             14.84   %
                                     
    NON-INTEREST EXPENSE:                                
    Salaries and employee benefits                     7,032               6,284             11.90   %             26,256               25,062             4.76   %
    Occupancy                     758               746             1.61   %             3,152               3,168             (0.51 ) %
    Furniture and equipment                     1,233               889             38.70   %             3,669               3,392             8.17   %
    Software amortization                     339               250             35.60   %             996               843             18.15   %
    Pennsylvania shares tax                     351               275             27.64   %             1,373               1,082             26.89   %
    Professional fees                     523               640             (18.28 ) %             2,177               2,953             (26.28 ) %
    Federal Deposit Insurance Corporation deposit insurance                     385               456             (15.57 ) %             1,564               1,578             (0.89 ) %
    Marketing                     74               90             (17.78 ) %             283               684             (58.63 ) %
    Intangible amortization                     25               25             —   %             102               117             (12.82 ) %
    Merger expense                     735               —     n/a             735               —     n/a
    Other                     1,525               1,342             13.64   %             6,177               5,617             9.97   %
    TOTAL NON-INTEREST EXPENSE                     12,980               10,997             18.03   %             46,484               44,496             4.47   %
    INCOME BEFORE INCOME TAX PROVISION                     4,873               6,914             (29.52 ) %             21,893               20,322             7.73   %
    INCOME TAX PROVISION                     1,132               1,359             (16.70 ) %             4,154               3,714             11.85   %
    NET INCOME AVAILABLE TO COMMON SHAREHOLDERS’   $         3,741     $         5,555             (32.66 ) %   $         17,739     $         16,608             6.81   %
    EARNINGS PER SHARE – BASIC            $         0.50     $         0.77             (35.06 ) %   $         2.35     $         2.34             0.43   %
    EARNINGS PER SHARE – DILUTED           $         0.49     $         0.77             (36.36 ) %   $         2.35     $         2.34             0.43   %
    WEIGHTED AVERAGE SHARES OUTSTANDING – BASIC                     7,555,168               7,255,222             4.13   %             7,535,397               7,112,450             5.95   %
    WEIGHTED AVERAGE SHARES OUTSTANDING – DILUTED                     7,693,185               7,255,222             6.04   %             7,543,111               7,112,450             6.06   %
     
    PENNS WOODS BANCORP, INC.
    AVERAGE BALANCES AND INTEREST RATES 
    (UNAUDITED)
     
        Three Months Ended
        December 31, 2024   December 31, 2023
    (Dollars in Thousands)   Average 
    Balance (1)
      Interest   Average 
    Rate
      Average 
    Balance (1)
      Interest   Average 
    Rate
    ASSETS:                        
    Tax-exempt loans (3)           $         69,967     $         453             2.58   %   $         68,234     $         478             2.78   %
    All other loans                     1,806,212               25,401             5.59   %             1,760,509               23,342             5.26   %
    Total loans (2)                     1,876,179               25,854             5.48   %             1,828,743               23,820             5.17   %
                             
    Taxable securities                     199,868               2,277             4.63   %             193,744               1,932             4.04   %
    Tax-exempt securities (3)                     11,317               75             2.70   %             18,041               135             3.03   %
    Total securities                     211,185               2,352             4.53   %             211,785               2,067             3.96   %
                             
    Interest-bearing balances in other financial institutions                     13,136               156             4.72   %             11,795               158             5.31   %
                             
    Total interest-earning assets                     2,100,500               28,362             5.38   %             2,052,323               26,045             5.04   %
                             
    Other assets                     137,840                       130,421          
                             
    TOTAL ASSETS           $         2,238,340             $         2,182,744          
                             
    LIABILITIES AND SHAREHOLDERS’ EQUITY:                        
    Savings           $         209,300               266             0.51   %   $         222,740               229             0.41   %
    Super Now deposits                     220,792               1,070             1.93   %             227,113               1,129             1.97   %
    Money market deposits                     323,181               2,656             3.27   %             293,542               2,217             3.00   %
    Time deposits                     504,683               5,531             4.36   %             377,516               3,870             4.07   %
    Total interest-bearing deposits                     1,257,956               9,523             3.01   %             1,120,911               7,445             2.64   %
                             
    Short-term borrowings                     38,495               479             4.96   %             163,088               2,317             5.63   %
    Long-term borrowings                     256,521               2,686             4.17   %             235,998               2,207             3.71   %
    Total borrowings                     295,016               3,165             4.27   %             399,086               4,524             4.50   %
                             
    Total interest-bearing liabilities                     1,552,972               12,688             3.25   %             1,519,997               11,969             3.12   %
                             
    Demand deposits                     454,612                       457,546          
    Other liabilities                     25,218                       28,786          
    Shareholders’ equity                     205,538                       176,415          
                             
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY           $         2,238,340             $         2,182,744          
    Interest rate spread (3)                           2.13   %                   1.92   %
    Net interest income/margin (3)               $         15,674             2.98   %       $         14,076             2.73   %
    1. Information on this table has been calculated using average daily balance sheets to obtain average balances.
    2. Non-accrual loans have been included with loans for the purpose of analyzing net interest earnings.
    3. Income and rates on fully taxable equivalent basis include an adjustment for the difference between annual income from tax-exempt obligations and the taxable equivalent of such income at the standard tax rate of 21%.
       
        Three Months Ended December 31,
          2024       2023  
    Total interest income           $         28,251     $         25,917  
    Total interest expense                     12,688               11,969  
    Net interest income (GAAP)                     15,563               13,948  
    Tax equivalent adjustment                     111               128  
    Net interest income (fully taxable equivalent) (non-GAAP)           $         15,674     $         14,076  
     
    PENNS WOODS BANCORP, INC.
    AVERAGE BALANCES AND INTEREST RATES 
    (UNAUDITED)
     
        Twelve Months Ended
        December 31, 2024   December 31, 2023
    (Dollars in Thousands)   Average 
    Balance (1)
      Interest   Average 
    Rate
      Average 
    Balance (1)
      Interest   Average 
    Rate
    ASSETS:                        
    Tax-exempt loans (3)           $         69,448     $         1,943             2.80   %   $         66,863     $         1,849             2.77   %
    All other loans                     1,796,096               98,245             5.47   %             1,691,742               81,830             4.84   %
    Total loans (2)                     1,865,544               100,188             5.37   %             1,758,605               83,679             4.76   %
                             
    Taxable securities                     202,934               9,072             4.47   %             189,804               7,263             3.83   %
    Tax-exempt securities (3)                     13,045               370             2.84   %             23,872               654             2.74   %
    Total securities                     215,979               9,442             4.37   %             213,676               7,917             3.71   %
                             
    Interest-bearing balances in other financial institutions                     11,074               554             5.00   %             10,916               524             4.80   %
                             
    Total interest-earning assets                     2,092,597               110,184             5.27   %             1,983,197               92,120             4.65   %
                             
    Other assets                     132,720                       131,704          
                             
    TOTAL ASSETS           $         2,225,317             $         2,114,901          
                             
    LIABILITIES AND SHAREHOLDERS’ EQUITY:                        
    Savings           $         215,107               1,077             0.50   %   $         231,000               685             0.30   %
    Super Now deposits                     218,932               4,373             2.00   %             276,868               4,155             1.50   %
    Money market deposits                     311,836               10,390             3.33   %             292,755               7,024             2.40   %
    Time deposits                     460,869               20,122             4.37   %             293,252               10,267             3.50   %
    Total interest-bearing deposits                     1,206,744               35,962             2.98   %             1,093,875               22,131             2.02   %
                             
    Short-term borrowings                     82,046               4,503             5.49   %             157,140               8,401             5.36   %
    Long-term borrowings                     256,850               10,353             4.03   %             186,094               6,099             3.28   %
    Total borrowings                     338,896               14,856             4.40   %             343,234               14,500             4.23   %
                             
    Total interest-bearing liabilities                     1,545,640               50,818             3.29   %             1,437,109               36,631             2.55   %
                             
    Demand deposits                     454,878                       477,828          
    Other liabilities                     30,680                       31,243          
    Shareholders’ equity                     194,119                       168,721          
                             
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY           $         2,225,317             $         2,114,901          
    Interest rate spread (3)                           1.98   %                   2.10   %
    Net interest income/margin (3)               $         59,366             2.83   %       $         55,489             2.80   %
    1. Information on this table has been calculated using average daily balance sheets to obtain average balances.
    2. Non-accrual loans have been included with loans for the purpose of analyzing net interest earnings.
    3. Income and rates on fully taxable equivalent basis include an adjustment for the difference between annual income from tax-exempt obligations and the taxable equivalent of such income at the standard tax rate of 21%.
       
        Twelve months ended December 31,
          2024       2023  
    Total interest income           $         109,698     $         91,595  
    Total interest expense                     50,818               36,631  
    Net interest income (GAAP)                     58,880               54,964  
    Tax equivalent adjustment                     486               525  
    Net interest income (fully taxable equivalent) (non-GAAP)           $         59,366     $         55,489  
    (Dollars in Thousands, Except Per Share Data, Unaudited)   Quarter Ended
        12/31/2024   9/30/2024   6/30/2024   3/31/2024   12/31/2023
    Operating Data                    
    Net income           $         3,741       $         4,801       $         5,390       $         3,808       $         5,555    
    Net interest income                     15,563                 15,056                 14,515                 13,746                 13,948    
    Provision (recovery) for credit losses                     420                 740                 (1,177 )               138                 (1,742 )  
    Net security (losses) gains                     (44 )               36                 (19 )               (33 )               (18 )  
    Non-interest income, excluding net security (losses) gains                     2,754                 2,385                 2,044                 2,495                 2,239    
    Non-interest expense                     12,980                 10,884                 10,996                 11,623                 10,997    
                         
    Performance Statistics                    
    Net interest margin                     2.98   %             2.88   %             2.83   %             2.69   %             2.73   %
    Annualized cost of total deposits                     2.22   %             2.27   %             2.14   %             2.01   %             1.89   %
    Annualized non-interest income to average assets                     0.48   %             0.43   %             0.37   %             0.45   %             0.41   %
    Annualized non-interest expense to average assets                     2.32   %             1.95   %             1.98   %             2.10   %             2.02   %
    Annualized return on average assets                     0.67   %             0.86   %             0.97   %             0.69   %             1.02   %
    Annualized return on average equity                     7.28   %             9.60   %             11.12   %             8.03   %             12.60   %
    Annualized net loan charge-offs (recoveries) to average loans     0.05   %     0.07   %     (0.09 ) %     0.08   %     (0.05 ) %
    Net charge-offs (recoveries)                      228                 328                 (396 )               380                 (209 )  
    Efficiency ratio                     70.73   %             62.26   %             66.25   %             71.41   %             67.78   %
                         
    Per Share Data                    
    Basic earnings per share           $         0.50       $         0.64       $         0.72       $         0.51       $         0.77    
    Diluted earnings per share                     0.49                 0.64                 0.72                 0.51                 0.77    
    Dividend declared per share                     0.32                 0.32                 0.32                 0.32                 0.32    
    Book value                     27.16                 26.96                 26.13                 25.72                 25.51    
    Tangible book value (Non-GAAP)                     24.97                 24.77                 23.93                 23.50                 23.29    
    Common stock price:                    
    High                     34.06                 23.98                 21.08                 22.64                 23.64    
    Low                     23.74                 19.29                 17.17                 18.44                 20.05    
    Close                     30.39                 23.79                 20.55                 19.41                 22.51    
    Weighted average common shares:                    
    Basic                     7,555                 7,544                 7,529                 7,513                 7,255    
    Fully Diluted                     7,693                 7,544                 7,529                 7,513                 7,255    
    End-of-period common shares:                    
    Issued                     8,067                 8,065                 8,052                 8,036                 8,019    
    Treasury                     (510 )               (510 )               (510 )               (510 )               (510 )  
    (Dollars in Thousands, Unaudited)   Quarter Ended
        12/31/2024   9/30/2024   6/30/2024   3/31/2024   12/31/2023
    Financial Condition Data:                    
    General                    
    Total assets           $         2,232,338       $         2,259,250       $         2,234,617       $         2,210,116       $         2,204,809    
    Loans, net                     1,865,230                 1,863,586                 1,855,054                 1,843,805                 1,828,318    
    Goodwill                     16,450                 16,450                 16,450                 16,450                 16,450    
    Intangibles                     107                 133                 158                 184                 210    
    Total deposits                     1,706,081                 1,700,321                 1,648,093                 1,618,562                 1,589,493    
    Noninterest-bearing                     456,936                 452,922                 461,092                 471,451                 471,173    
    Savings                     208,340                 211,560                 218,354                 220,932                 219,287    
    NOW                     212,687                 218,279                 209,906                 208,073                 214,888    
    Money Market                     308,977                 321,614                 320,101                 299,916                 299,353    
    Time Deposits                     340,844                 328,294                 310,187                 292,372                 260,067    
    Brokered Deposits                     178,297                 167,652                 128,453                 125,818                 124,725    
    Total interest-bearing deposits                     1,249,145                 1,247,399                 1,187,001                 1,147,111                 1,118,320    
                         
    Core deposits*                     1,186,940                 1,204,375                 1,209,453                 1,200,372                 1,204,701    
    Shareholders’ equity                     205,231                 203,694                 197,087                 193,517                 191,556    
                         
    Asset Quality                    
    Non-performing loans           $         8,904       $         7,940       $         6,784       $         7,958       $         3,148    
    Non-performing loans to total assets                     0.40   %             0.35   %             0.30   %             0.36   %             0.14   %
    Allowance for credit losses on loans                     11,848                 11,588                 11,234                 11,542                 11,446    
    Allowance for credit losses on loans to total loans                     0.63   %             0.62   %             0.60   %             0.62   %             0.62   %
    Allowance for credit losses on loans to non-performing loans                     133.06   %             145.94   %             165.60   %             145.04   %             363.60   %
    Non-performing loans to total loans                     0.47   %             0.42   %             0.36   %             0.43   %             0.17   %
                         
    Capitalization                    
    Shareholders’ equity to total assets                     9.19   %             9.02   %             8.82   %             8.76   %             8.69   %
                                                       
    * Core deposits are defined as total deposits less time deposits and brokered deposits.
     
    Reconciliation of GAAP and Non-GAAP Financial Measures
    (UNAUDITED)
     
        Three Months Ended December 31,   Twelve Months Ended December 31,
    (Dollars in Thousands, Except Per Share Data, Unaudited)    2024    2023    2024    2023
    GAAP net income           $         3,741       $         5,555       $         17,739       $         16,608    
    Net securities losses, net of tax                     35                 14                 47                 141    
    Merger expenses, net of tax                     581                 —                 581                 —    
    Non-GAAP core earnings           $         4,357       $         5,569       $         18,367       $         16,749    
                     
        Three Months Ended December 31,   Twelve Months Ended December 31,
         2024    2023    2024    2023
    Return on average assets (ROA)                     0.67   %             1.02   %             0.80   %             0.79   %
    Net securities losses, net of tax                     0.01   %             —   %             —   %             —   %
    Merger expenses, net of tax                     0.10   %             —   %             0.03   %             —   %
    Non-GAAP core ROA                     0.78   %             1.02   %             0.83   %             0.79   %
                     
        Three Months Ended December 31,   Twelve Months Ended December 31,
         2024    2023    2024    2023
    Return on average equity (ROE)                     7.28   %             12.60   %             9.14   %             9.84   %
    Net securities losses, net of tax                     0.07   %             0.03   %             0.02   %             0.09   %
    Merger expenses, net of tax                     1.13   %             —   %             0.30   %             —   %
    Non-GAAP core ROE                     8.48   %             12.63   %             9.46   %             9.93   %
                     
        Three Months Ended December 31,   Twelve Months Ended December 31,
         2024    2023    2024    2023
    Basic earnings per share (EPS)           $         0.50       $         0.77       $         2.35       $         2.34    
    Net securities losses, net of tax                     —                 —                 0.01                 0.02    
    Merger expenses, net of tax                     0.08                 —                 0.08                 —    
    Non-GAAP basic core EPS           $         0.58       $         0.77       $         2.44       $         2.36    
             
        Three Months Ended December 31,   Twelve Months Ended December 31,
         2024    2023    2024    2023
    Diluted EPS           $         0.49       $         0.77       $         2.35       $         2.34    
    Net securities losses, net of tax                     —                 —                 0.01                 0.02    
    Merger expenses, net of tax                     0.08                 —                 0.08                 —    
    Non-GAAP diluted core EPS           $         0.57       $         0.77       $         2.44       $         2.36    
    (Dollars in Thousands, Except Share and Per Share Data, Unaudited)   Quarter Ended
        12/31/2024   9/30/2024   6/30/2024   3/31/2024   12/31/2023
    Total shareholders’ equity           $         205,231     $         203,694     $         197,087     $         193,517     $         191,556  
    Goodwill                     (16,450 )             (16,450 )             (16,450 )             (16,450 )             (16,450 )
    Intangibles                     (107 )             (133 )             (158 )             (184 )             (210 )
    Tangible shareholders’ equity           $         188,674     $         187,111     $         180,479     $         176,883     $         174,896  
                         
    Shares outstanding                     7,556,743               7,554,488               7,541,474               7,525,372               7,508,994  
                         
    Book value per share           $         27.16     $         26.96     $         26.13     $         25.72     $         25.51  
    Tangible book value per share (Non-GAAP)           $         24.97     $         24.77     $         23.93     $         23.50     $         23.29  
                                             

    The MIL Network

  • MIL-OSI Europe: Written question – Need to strengthen the resilience of electric vehicle batteries and charging infrastructure in EU tourist destinations – E-000007/2025

    Source: European Parliament

    Question for written answer  E-000007/2025/rev.1
    to the Commission
    Rule 144
    Elena Kountoura (The Left)

    Recent incidents reported in European winter destinations with increased tourist traffic, where electric vehicles have been immobilised due to low temperatures and lack of sufficient (fast) charge points, highlight major challenges relating to the infrastructure for and resilience of electric vehicles in extreme weather conditions.

    The Batteries Regulation[1] introduces measures that promote the sustainability, durability and efficiency of batteries through strict performance and environmental durability standards. However, performance issues at low temperatures remain a major challenge which requires additional action by the EU[2]. The AFIR[3] Regulation sets mandatory national targets for Member States to develop electric vehicle charging infrastructure to support the transition to zero-emission mobility. However, the AFIR Regulation does not contain any specific provisions directly concerning tourist destinations[4].

    Addressing these issues is crucial for promoting e-mobility and achieving the EU’s environmental targets, while ensuring smooth and safe mobility for citizens.

    In view of this:

    • 1.Are there any plans to promote further research and development to improve the durability of electric vehicle batteries in extreme weather conditions, making full use of the Batteries Regulation and strengthening its implementation?
    • 2.What specific actions does the Commission intend to take within its powers to accelerate the development of charging infrastructure at tourist destinations, where increased traffic makes the availability of charging stations crucial to the success of the green transition?

    Submitted: 3.1.2025

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1542.
    • [2] The autonomy of an electric vehicle can be reduced by 10 % at temperatures just below 0° C, and by up to 40 % at very low temperatures, below ‑10° C.
    • [3] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1804
    • [4] The EU has set targets for the development of alternative fuels infrastructure. However, although the European Union’s regulation on the deployment of alternative fuels infrastructure (AFIR) does not contain any specific provisions directly concerning tourist destinations, the general obligations imposed on Member States to develop alternative fuel recharging and refuelling infrastructure may also benefit tourist areas.
    Last updated: 29 January 2025

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Lochaber Area Place Plan approved

    Source: Scotland – Highland Council

    A robust yet dynamic Lochaber Area Place Plan (APP) was agreed recently (Monday 27 January 2025) which clearly outlines the aspirations expressed by the communities within its boundaries, many of which link across to proposed or potential actions contained as part of FW2040 and wider Highland plans such as the Highland Investment Plan, Highland Local Development Plan, Highland Outcome Improvement Plan and the Strategic Housing Investment Plan.

    The Lochaber APP highlights the need for improved health and wellbeing services and facilities including both care and mental health; suitable and affordable housing; empowering young people and expanding access to diverse and inclusive activities; better provision of public transport and infrastructure; tourism management; fostering economic growth and a strong, skilled workforce.

    Lochaber Area Committee Vice Chair, Cllr John Grafton said: “Area Place Plans (APP) are important for Lochaber as they are community led plans, offering the opportunity to shape the vision, ambition and key priorities for both people and place across Lochaber. They help to target resources, service delivery and with clear area specific plans, assist in attracting investment.

    “The Lochaber APP is a dynamic and fluid plan that will evolve over time, as sub-regional Area Place Plans are still to be added, whilst Action Plans for some priorities are already being developed. Ensuring a clear vision is captured that reflect the community aspirations for their area.”

    The Plans will help The Highland Council, partners, and communities to leverage funding by evidencing the impact of every pound spent and the actions associated will provide clarity and manage expectation around how and where resources are prioritised. They will also provide a stronger framework for communities to prepare plans for their own community, empowering them to drive and deliver change.

    Community engagement will build a shared understanding of how ‘Place’ underpins development, service delivery and how organisations and communities work together. These plans will be a future guide to get the best impact for people living in an area, based on a shared understanding of local need.

    The Area Place Plan is available here (Item 4).

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Works started on Whin Park Play area

    Source: Scotland – Highland Council

    Works have commenced on the exciting changes taking place at Whin Park in Inverness. 

    Leader of Inverness and Area, Cllr Ian Brown said: “I am very pleased to announce that works have started on the installation of new play equipment at the flagship Whin Park play area in Inverness.” 

    Chair of Communities and Place Committee Cllr Graham MacKenzie added: “Play Works Ltd, the contractor for Jupiter Play and Leisure Ltd are now on site to install the exciting new range of play equipment.”

    Highland Council and Jupiter Play and Leisure Ltd have released artists impressions of what the new play equipment will look like, including a Loch Ness Monster, a wheelchair accessible Legend Seeker Playship, an adventure mound with tube slide and much more.

    Whin Park image 2

    Weather dependant, the target is to have the works completed for Easter 2025. The park will remain open during the works, but the main play area and a section of the car park in front of the shop will be closed to allow the works to progress. This also includes the main entrance ramped area to the park. The path network from the Ness Islands and the path at the side of the public toilets will also remain open enabling the public to view the works’ progress during this exciting period for this landmark location. 

    Michael Hoenigmann, Managing Director of Jupiter Play & Leisure said: “We are delighted to have been chosen to design and build the new play area at Whin Park. This is an ambitious project which will be inclusive for all abilities while offering high play value and challenge. It’s unique features including the Nessie Structure with Interactive Sona Arch will be hugely popular with families that visit the site. We look forward to working closely with the team at Highland Council to deliver this prestigious project.” 

    Funding for the contract has been awarded by the Scottish Government Play Area Fund (£234,988) which was allocated to the redevelopment of the park by Members of the Inverness, Central, Ness-side, Millburn, and Inverness West Wards.  In 2023, Inverness City Committee Members agreed £150,000 Inverness Common Good Funding; and in 2024 a further £100,000 from the Community Regeneration Fund towards the park development costs. 

    Watch the video of before and during the current works.

    Further updates on the works’ progress will be promoted by the Council. 

    Whin Park image 3

    Whin Park image 4

    Whin Park image 5

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Four years after the coup, Myanmar remains on the brink

    Source: United Nations 4

    By Vibhu Mishra

    Peace and Security

    Four years after the military coup which plunged Myanmar into turmoil, the country is facing an unprecedented “polycrisis,” marked by economic collapse, intensifying conflict, complex climate hazards and deepening poverty, according to a new report by the UN Development Programme (UNDP).

    Myanmar’s Enduring Polycrisis: Four Years into a Tumultuous Journey, launched on Wednesday, points to the bleak picture of a nation in freefall, with nearly half the population living below the poverty line, essential services crumbling and the economy in disarray.

    With no political resolution in sight, the crisis is expected to worsen in the coming year.

    The coming year will test Myanmar’s resilience to its limits,” the report warns, calling for urgent international engagement to mitigate further suffering and prevent total collapse.

    “A more stable and peaceful Myanmar that thrives on a legal economy, protects it human and natural resource assets and invests in the safety and prosperity of all its people is also in the self-interest of its neighbours and the international community writ large,” it added.

    Source: UNDP

    Myanmar’s economy has sharply declined since 2021.

    Black market boom

    Since 2020, Myanmar’s gross domestic product (GDP) has contracted by nine per cent, reversing the economic progress of the previous decade.

    Inflation reached 25.4 per cent reached in 2024, further eroding household purchasing power. The trade deficit ballooned to 2.2 per cent of GDP, exacerbated by severe restrictions on cross-border commerce, and the currency plummeted over 1,330 kyat per US dollar in 2021 to 4,520 in 2025, making imports unaffordable and sending prices soaring.

    The economic situation worsened further as the country was blacklisted by the Financial Action Task Force (FATF) for failing to combat money laundering and terrorist financing.

    Against this backdrop, Myanmar’s illicit economy is thriving and it has become the world’s leading producer of opium and heroin, and one of the largest manufacturers of methamphetamines.

    The jade industry, valued at billions of dollars annually, remains largely unregulated, fuelling corruption and environmental degradation. Illegal gambling, human trafficking, and scam operations have flourished along the country’s porous borders.

    Society in crisis

    Myanmar’s ongoing conflict has displaced more than 3.5 million people within the country and driven many more across its borders. Internally displaced persons (IDPs) lack vital assistance and protections, and host communities are reeling under the strained resources.

    Hunger is reaching catastrophic levels and agricultural productivity has declined by 16 per cent since 2021, largely due to conflict and climate-related disasters.

    Fertilizer shortages, skyrocketing fuel prices, and trade disruptions have driven the price of the staple rice up by 47 per cent in some regions. The western state of Rakhine is particularly vulnerable, with food production projected to meet only 20 per cent of local needs by mid-2025, raising fears of famine-like conditions.

    Public services are also severely affected, with over half of the country lacking access to electricity and hospitals out of service in conflict zones.

    Looming brain drain

    The dire economic and security situation has led to an exodus of Myanmar’s youth, with 3.7 million having migrated to Thailand by 2023. Many face exploitation and forced labour due to restrictive legal migration pathways, while those who remain are at risk of forced conscription into the military.

    School enrolment rates have also dropped significantly as access to educational facilities has been disrupted by conflict and economic hardships. In the 2023/2024 academic year, over 20 per cent of children were not attending school.

    Crisis or opportunity?

    The outlook for Myanmar remains precarious. If current trends continue, poverty will rise further, migration will intensify and the country’s fragile economy will struggle under the weight of continued conflict and international isolation, the report warns.

    Despite Myanmar’s deepening crisis, opportunities for recovery exist.

    The report highlights the resilience of local communities and the potential of civil society organizations in rebuilding social cohesion. Engaging the diaspora through education and skills development could help retain and attract talent, while expanding opportunities for women in business and employment could boost household incomes.

    Agricultural revitalisation, through climate-resilient crops and irrigation, is crucial for food security, while investment in environmental protection – such as reforestation and mangrove restoration – could safeguard jobs in the future.

    MIL OSI United Nations News

  • MIL-OSI USA: NEA President Becky Pringle: Trump executive order on gender-affirming care is cruel

    Source: US National Education Union

    By: Miguel A. Gonzalez

    Published: January 29, 2025

    NEA President Becky Pringle issued the following statement in response to the unprecedented and harmful action by the Trump White House.

    “All of our students deserve nothing less than to be their true, authentic selves. By design, Trump’s anti-LGBTQ+ executive order attempts to dehumanize transgender, intersex, and non-binary people. It aims to divide us while endangering the lives of our students and communities. More to the point, by interfering with the medical decisions of parents and doctors, politicians in Washington now are in the driver seat to limit families’ access to the care their children need. It is clear that this administration, through this executive order, believes that some individuals are worth less than others.

    “For the families who are seeking gender-affirming care for their children, this isn’t about politics. Yet, politicians behind Project 2025 are pushing the White House to divide our nation and now they are targeting our most vulnerable among us. This is cruel, plain and simple.

    “We will not fall for their divide-and-conquer tricks. Together, we will support student learning and development by ensuring that students across our great nation—no matter their race, place of birth or gender identity—are respected and kept safe.”

    ###

    The National Education Association is the nation’s largest professional employee organization, representing more than 3 million elementary and secondary teachers, higher education faculty, education support professionals, school administrators, retired educators, students preparing to become teachers, healthcare workers, and public employees. Learn more at www.nea.org

    MIL OSI USA News

  • MIL-OSI Security: Hantsport — West Hants RCMP Detachment charges a man involved in break-in

    Source: Royal Canadian Mounted Police

    West Hants RCMP Detachment has charged a man following a break and enter in Windsor.

    On January 4, at approximately 9:15 a.m., RCMP officers responded to a break and enter at a residential construction site on Abbey Rd. Officers learned that a Chevrolet Aveo was seen fleeing the area with stolen tools valued at approximately $5,000.

    Through the investigation, officers linked the Chevrolet to an address on Smith Rd. in Glooscap First Nation and later observed two people leave in the vehicle at a high rate of speed. A traffic stop was attempted, but the driver didn’t pull over. In the interest of public safety, a pursuit was not initiated.

    A short time later, another RCMP officer attempted to stop the Chevrolet as it travelled on Hwy. 1. The vehicle came to a stop on West Brooklyn Rd. before fleeing; the officer didn’t pursue the vehicle.

    Shortly afterwards, the Aveo was located in a ditch along West Brooklyn Mountain Rd. At the scene, RCMP officers followed two sets of footprints leading from the crash site and located and arrested one of the vehicle’s occupants, 26-year-old Morgan Cynthia Hennigar of Halifax. Hennigar has been charged with Obstructing a Peace Officer and Failure to Comply with Order; she’s due in Windsor Provincial Court on May 15.

    From the information gathered, a second person of interest was identified.

    On January 27, RCMP officers safety arrested 27-year-old Michael Jody James Paul at a Hantsport residence. He’s facing the following charges:

    • Break and Enter and Theft
    • Flight from a Peace Officer
    • Dangerous Operation of a Conveyance
    • Operation While Prohibited
    • Failure to Comply with Order (seven counts)

    “After identifying Michael Paul on January 4, we continued our efforts to locate and apprehend him,” says Cpl. Travis MacDonald of the West Hants RCMP Detachment. “On two occasions, his vehicle fled from police in a dangerous manner and officers did not pursue it in the interest of public safety. On January 27, investigators organized an operation involving surveillance and RCMP Police Dog Services, which resulted in Paul being safety arrested.”

    Paul has been remanded into custody and is scheduled to appear in Windsor Provincial Court on January 29.

    The investigation is ongoing.

    MIL Security OSI

  • MIL-OSI Security: Yarmouth — RCMP Southwest Traffic Services arrests two impaired drivers

    Source: Royal Canadian Mounted Police

    RCMP Southwest Traffic Services (SWTS) locates impaired drivers, both on and off duty.

    On January 15, at approximately 2:32 p.m., an RCMP officer from SWTS completed a traffic stop when they observed the driver of a vehicle not wearing their seatbelt. The driver, a 50-year-old Yarmouth woman, exhibited signs of impairment and provided roadside breath samples into an approved screening device (ASD), which resulted in a “fail”. She was arrested and transported to the Yarmouth RCMP detachment, where she provided breath samples that registered 230 mg% and 210 mg%, almost three times the legal limit.

    On January 27, at approximately 4:30 p.m., an off-duty officer from SWTS observed a Ford Ranger in the ditch on Hwy 203 in Carleton, and stopped to render assistance. During his interaction with the officer, the 60-year-old Carleton man exhibited signs of impairment. The driver was detained for impaired operation of a vehicle and on-duty RCMP officers from Yarmouth Rural RCMP attended the scene and took over the investigation. The man was arrested and later provided breath samples that registered 210 mg% and 220 mg%.

    The RCMP is reminding the public that if you suspect an impaired driver, it’s an emergency; call 911.

    Once you call 911, dispatchers will ask for:

    • Your location
    • A description of the vehicle, including the licence plate number, colour, make and model
    • The direction of travel for the vehicle
    • A description of the driver if visible

    File #s: 2025-65233 / 2025-121696

    MIL Security OSI

  • MIL-OSI Security: Tennessee Man Sentenced to 270 Months for Sex Trafficking Conspiracy

    Source: Office of United States Attorneys

    NEW ORLEANSCHARLES CUNIGAN (“CUNIGAN”), a resident of Tennessee, was sentenced on January 14, 2025, for conspiring to commit sex trafficking, in violation of Title 18, United States Code, Section 1594(c).

    According to court documents, CUNIGAN, age 31, and his girlfriend Latesha Gardner, age 31, forced a seventeen-year-old victim to engage in commercial sex acts in New Orleans for three months to generate money so CUNIGAN could purchase a vehicle.  The defendants advertised the minor victim for commercial sex on the internet and used physical abuse and other means to force her to comply.  CUNIGAN carried a firearm and pistol whipped the minor victim on one occasion.  CUNIGAN kept all of the money the minor victim made from commercial sex transactions and required her to meet a minimum daily dollar threshold from these sex acts.  He conditioned the victim’s ability to eat on whether she earned enough money.  CUNIGAN also tracked the geolocation data on the victim’s phone and threatened to kill her if she left.

    U.S. District Court Judge Jay C. Zainey sentenced CUNIGAN to 270 months’ imprisonment, followed by a lifetime of supervised release.  CUNIGAN was ordered to pay $48,750 in restitution to the minor victim and to participate in the sex offender registration and notification program.  In addition, Judge Zainey imposed a $100 mandatory special assessment fee.  In September 2024, CUNIGAN’s co-defendant, Gardner, was sentenced to 60 months imprisonment for her role in this conspiracy.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims.  For more information about Project Safe Childhood, please visit www.usdoj.gov/psc.  For more information about internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    U.S. Attorney Duane A. Evans and Principal Deputy Assistant Attorney General Brent S. Wible, head of the Justice Department’s Criminal Division, made the announcement.

    The case was investigated by Homeland Security Investigations and the Orlando, Florida Metropolitan Bureau of Investigations. The prosecution of this case is being handled by Assistant United States Attorney Maria M. Carboni and Trial Attorney Melissa E. Bücher of the Criminal Division’s Money Laundering and Asset Recovery Section.

    MIL Security OSI