Category: Transport

  • MIL-OSI Global: Misspoke: The long and winding road to becoming a political weasel word

    Source: The Conversation – USA – By Valerie M. Fridland, Professor of Linguistics, University of Nevada, Reno

    Democratic candidate Tim Walz, during the vice presidential debate in which he said he ‘misspoke’ about being in Hong Kong during Tiananmen Square protests. Chip Somodevilla/Getty Images

    During the Sept. 24, 2024, debate, Democratic vice presidential hopeful Tim Walz said he “misspoke” when asked to clarify his story of being in Hong Kong during the Tiananmen Square crackdown in June 1989.

    To many, Walz’s use of the word misspoke came across as an attempt to weasel out of what was at best an embellishment and at worst an outright lie.

    The word misspoke has certainly long been used to politically backpedal after verbal inaccuracies or blunders, as Ronald Reagan learned in 1981 after he said that Syrian surface-to-air missiles placed in Lebanon were “offensive weapons,” when they were in fact defensive weapons. Both Presidents Bill Clinton and the much “misunderestimated” George W. Bush likewise were deemed to have misspoken after making mistakes, big and small.

    For instance, a spokesperson for Clinton claimed he had misspoken when the then-president said that North Korea would not be allowed to develop a nuclear bomb – after there was reason to believe they had already developed them. During George W. Bush’s term in office, verbal errors were so common they earned a nickname of their own: “Bushisms.”

    But misspoke’s extension to factual fabrication is one step further down the semantic road. In using it in this way, Walz joined other “misspoken” politicians, such as Hillary Clinton, who used it after falsely recollecting having landed in Bosnia under sniper fire.

    As a sociolinguist who writes about how language changes over time, misspoke’s euphemistic recasting of lying as an inadvertent mistake calls for deeper linguistic scrutiny.

    Tim Walz, being pressed on a statement he made and whether it was true, during the vice presidential debate.

    From mumble to mea culpa

    To understand how and why words morph like this, linguists like to trace them to their very beginnings.

    According to the Oxford English Dictionary, “misspeaking” is quite old in the history of English, appearing as “missprecon” in a Northumbrian text dating before the 11th century. Its original sense was one of “to grumble” or “to mumble,” a meaning now obsolete.

    But after the 11th century, its meaning shifted from inarticulateness to that of speaking amiss or disparagingly, often mentioned in reference to saying something improper or upsetting. Chaucer makes use of this sense in the “Miller’s Tale”: “And therfore if that I mysspeke or seye, Wyte it the ale of Southwerk, I you preye,” where the Miller handily blames a bit too much ale for whatever impropriety might fall from his mouth.

    Around the time Chaucer was composing “The Canterbury Tales” in the late 14th century, the word “misspeak” branched off down yet another semantic path, taking on the meaning of “to speak incorrectly or misleadingly.” It is this sense that gave birth to the modern political mea culpa used when backtracking on a misleading prior statement, such as by Sen. John McCain after he claimed President Barack Obama was directly responsible for terrorist attacks on Americans.

    Expanding meaning

    These shifts in the meaning of a word over time fall under what linguists refer to as “semantic broadening.” Semantic broadening, which means expansion of a word’s meaning, is incredibly common, generally occurring when a word becomes used more frequently and across more situations. As a result, its core sense can expand to take on supplemental or tangential meanings.

    Semantic shift like this is constantly at work, pushing and pulling senses in related but new directions to stay relevant to the needs of speakers.

    The word “soon,” for instance, at first carried a meaning of “immediately,” but human nature being what it is, its meaning began to creep in the direction of “as immediately as possible” as people took their merry time.

    Some new meanings, such as the nonliteral use of “literally” and Walz’s use of “misspeak,” are sites of contest, with multiple meanings at play.

    The semantic broadening of misspeaking to cover not just misleading but knowingly false information didn’t start with Walz, nor did it begin with Clinton. In fact, this politically expedient expansion seems to go back at least to the Nixon administration.

    There’s been a lot of misspeaking by politicians over the years, as these stories show.
    The Guardian US; The Hill; Wall Street Journal; Politico; Washington Post.

    ‘I misspoke myself’

    In 1973, Nixon and his advisers were called to task in a Time article accusing them of a tendency to “make flat statements one day, and the next day reverse field with the simple phrase, ‘I misspoke myself.’” Given the Watergate scandal, it’s safe to say that misspoke as used by his administration had already shifted into deceptive speech territory.

    Perhaps misspeaking’s semantic slippery slope started even further back, when the prefix “mis,” with its sense of “badly,” combined with “speaking.”

    Consider other potentially weaselly words that are also formed by “mis” prefixation: misunderstood, misinterpret, mishear, mistake. These are all examples of words, like misspeak, that can and have been used by politicians to avoid taking responsibility for the false or “misleading” things they say.

    Even if led astray by its prefix, from a linguistic perspective, the broadening of misspeak to cover not just incorrect but fabricated statements turns out to be not such a surprising development given the tendency of words to take on new senses over time, particularly in the world of political doublespeak.

    The bigger surprise might be how this new meaning translates with voters, but that’s one surprise that will have to wait for the ballot box.

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

    ref. Misspoke: The long and winding road to becoming a political weasel word – https://theconversation.com/misspoke-the-long-and-winding-road-to-becoming-a-political-weasel-word-240533

    MIL OSI – Global Reports

  • MIL-OSI Global: So you don’t like Trump or Harris – here’s why it’s still best to vote for one of them

    Source: The Conversation – USA – By Daniel F. Stone, Associate Professor of Economics, Bowdoin College

    In a close election, every vote really does matter. Nadzeya Haroshka/iStock / Getty Images Plus

    Many Americans are not thrilled with either of the two major-party candidates for president. As of Oct. 4, 2024, polls showed that 46.5% had an unfavorable opinion of Kamala Harris and 52.6% felt unfavorably toward Donald Trump.

    Some of these unhappy voters are considering voting for a third-party candidate, or not voting at all. They may be thinking of those actions as a form of protest against the two-party system dominant in the United States, or against these two particular candidates.

    For example, in a September poll 3.5% of Michigan voters said they planned to vote for a candidate other than Harris and Trump.

    At first glance, these choices might seem perfectly reasonable: If you don’t like a candidate, don’t vote for that person. But my work as a scholar of cognitive biases – systematic errors people make in their thinking – makes me fear that this option does not best serve the interests of those voters.

    Instead, protest voting is in fact likely to harm the democratic process, potentially leading to the election of the candidate the majority of voters overall, and protest voters specifically, most dislike. There are several reasons protest voters might make this mistake.

    How much does one vote matter?

    It’s clear that any one vote is very unlikely to swing the presidential election. And some might say that if one vote doesn’t really matter, then voters may as well vote however they want, or not bother to vote at all. Here’s why that’s flawed thinking:

    Suppose there are 10,000 voters in a state who feel unhappy with both candidates. But they almost surely dislike one candidate more than they dislike the other. Perhaps they disagree with some of Harris’ views but fear Trump. Or maybe it’s the other way around. They don’t have to agree on why they’re unhappy about the candidates either – some who are unhappy with Harris but prefer her over Trump may think Harris is too far left, while others may think she’s not enough of a leftist.

    Now suppose the rest of the state’s voters – those who are happy to vote for one of the two major candidates – are very narrowly split. Perhaps the gap is 5,000 votes. So, if the 10,000 unhappy voters do vote for one of the two major-party candidates, they can swing the election.

    Again, these unhappy voters really do have a preference – they like one of the major candidates better than the other. So while each individual unhappy voter wants to keep their hands clean and not vote, they would each like the other 9,999 unhappy voters to step up and swing the outcome in favor of their preferred candidate.

    Parents teach the Golden Rule to kids – do unto others as you would have them do unto you – and most people do actually believe in it and try to act accordingly. In this case, following the Golden Rule means that if you’re an unhappy voter and would like other unhappy voters to hold their noses and vote for the major candidate they least dislike, you should be willing to do the same thing yourself.

    But not all unhappy voters think this way. Some are led astray by their intuition and choose to protest-vote even when their own values would indicate they shouldn’t.

    A boycott might close a store, but it’s not going to prevent an election from delivering a winner.
    Nikolay Tsuguliev/iStock / Getty Images Plus

    A boycott error

    One reason a person might still think a protest vote makes sense is because of the assumption that boycotting something they don’t like is an effective means of contributing to positive change.

    A boycott against a person or organization you have a problem with often makes good sense. For instance, if there’s a restaurant in town with a reputation for being discriminatory, or just for being slow to get the food out, don’t go to it. Maybe it will close and make room for another business with better performance. Or maybe it will make some changes in hopes of growing its customer base.

    But when you cast a vote, whether on Election Day or beforehand, boycotting the viable candidates isn’t going to help. One of them is going to win whether you like it or not. Boycotting in this context is an example of a misapplied heuristic – a rule of thumb that’s often, but not always, helpful. Boycotting here doesn’t help you achieve your goal of eliminating or improving something you don’t like.

    Omission vs. commission

    Another reason people might choose a protest vote is because of a phenomenon in which people prefer to make mistakes of inaction – omission – over making mistakes that involve taking action – commission. People feel less guilty when they haven’t acted directly in support of a bad outcome. But both action and inaction can be errors, and both can deliver undesired results that constitute bad outcomes.

    The omission bias can help explain why some people are hesitant to get vaccinated against serious diseases: If they chose to get vaccinated and the vaccination led to a health problem, that would be a mistake of commission. Not getting vaccinated also might lead to a health problem, but that would be a mistake of omission. People tend to prefer the latter.

    Similarly, voting for a candidate you’re unsatisfied with could feel like a mistake of commission. Not voting, or voting for a third party, risks a mistake of omission – an error often assumed to be less significant. But choosing the possibility of an error of omission over one of commission doesn’t ensure you aren’t making a mistake – it just changes your mistake to one that’s intuitively more appealing.

    They are both politicians, but they are very different candidates.
    AP Photo

    False equivalence

    A final reason people might opt out of voting or choose to back a third-party candidate is that they object to the assumption that they dislike one candidate more than the other. Instead, these people claim the two main options are equally bad.

    But regardless of what your actual values and policy preferences are, that’s almost certainly untrue. The two candidates hold very different views on a wide range of issues, and have different records of what they have done – and not done – when in office.

    People who claim the two different candidates are basically the same are misusing another mental shortcut: the human tendency to think in categories. Grouping distinct items in the same category can simplify thinking, but it can ignore substantial differences.

    Some people think about 1-in-10 chances and 1-in-a-million chances as both being in the category of “possibilities.” But they’re very different: If you’re flipping a coin repeatedly, one is about equal to your chance of getting heads three times in a row, and the other is how likely you are to get heads 20 times in a row.

    Seeking your most desired outcome

    During the 2000 presidential campaign, I recall a friend said he wasn’t voting for Democratic candidate Al Gore because he thought Gore and Republican nominee George W. Bush were equally bad. But after winning – partly because of third-party voters who cast ballots for independent Ralph Nader – Bush withdrew the U.S. from the Kyoto Protocol to limit global carbon emissions, invaded Iraq, and passed tax cuts favoring the wealthy.

    All of those were actions Gore would almost certainly not have taken. The two candidates were very far from being the same, and even though my friend didn’t see it beforehand, he should have been able to.

    The U.S. will have a new president on Jan. 20, 2025: Trump or Harris. A third-party winner is not a real option.

    In some states voters can rank candidates in order of preference, more clearly expressing their choices without wasting their vote on a candidate who can’t win. People who believe it would be nice to have more choices with realistic chances of winning could work to adopt that system – known as ranked-choice voting – in their communities, or seek to adopt other methods that could eventually yield more viable options in the future. But it won’t happen in time for this election.

    Whether you like it or not, you face a binary choice: Vote for one or vote for the other. And please vote.

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

    ref. So you don’t like Trump or Harris – here’s why it’s still best to vote for one of them – https://theconversation.com/so-you-dont-like-trump-or-harris-heres-why-its-still-best-to-vote-for-one-of-them-240632

    MIL OSI – Global Reports

  • MIL-OSI Global: Though home to about 50 white extremist groups, Ohio’s social and political landscape is undergoing rapid racial change

    Source: The Conversation – USA – By Paul J. Becker, Associate Professor of Sociology, University of Dayton

    Members of the white militia group Proud Boys march on the Ohio state capitol in Columbus on Jan. 6, 2024. Paul Becker, CC BY

    The first time many Americans heard about Springfield, Ohio, came during the September 2024 presidential debate when Donald Trump falsely claimed that Haitian immigrants in the city were eating other residents’ cats and dogs.

    Though shocking, these harmful rumors had been spreading on social media since the beginning of the summer and had gained more notoriety when JD Vance, a U.S. senator from Ohio and Trump’s running mate, made similar statements on X, the social media platform formerly called Twitter.

    But what has gone mostly overlooked is the effect these racist lies have had on energizing Ohio’s nearly 50 white extremist groups.

    Members of the white supremacist group Blood Tribe marched through Springfield on Aug. 10, 2024, with with swastikas on their signs.

    Since then, members of the Ku Klux Klan and the right-wing extremist group Proud Boys have each marched in separate demonstrations through Springfield.

    As scholars of extremism who live in Ohio and work at the University of Dayton, we have seen these events unfold at a time when city officials have received multiple bomb threats targeting local government offices and schools since Trump’s false and racist claims against Haitian immigrants.

    The changing landscape

    In our research, we have found that the rapidly changing social conditions in Ohio have played a significant role in the growth of extremism.

    Between 1990 and 2019, for instance, manufacturing jobs shrank from 21.7% of all employment in the state to 12.5%, a loss of nearly 360,000 jobs. As a result, income disparities between the professional and working classes have widened – as has the heightened sense among some alienated white men that white conservatives are the real victims of bias in a society growing more racially and culturally diverse.

    A neo-Nazi group speaks under heavy police protection at a 2005 rally sponsored by the National Socialist Movement at City Hall in Toledo, Ohio.
    Bill Pugliano/Getty Images

    For many of these alienated men, particularly those in rural areas that lack significant numbers of Black and Hispanic residents, extremist ideologies offer easy answers to complex questions that involve their sense of disenfranchisement.

    In 2020, for example, the population of Springfield was about 60,000. But over the past three years, city officials estimate that the population has grown by about 25%, partly fueled by the arrival of as many as 15,000 Haitian immigrants during that time. Many of them are legally living in the U.S. under a special federal program.

    Similar demographic shifts are occurring throughout the state. Between 2010 and 2022, the percentage of the white population dropped from 81.2% to 77.3%, a loss of about 250,000, putting the state’s white population at about 9.1 million. During the same time, the Hispanic population, for instance, grew from about 357,000 in 2010 to nearly 525,000.

    For some of these white extremists, these population changes will lead to an inevitable race war between white people and nonwhite people. We have found that the attraction of belonging to a group that promises strength, protection and a source of identity can be particularly compelling.

    The Ohio connection

    In recent years, white extremism in Ohio has received attention as a result of the extremist rhetoric of and often violent crimes committed by white men who call the state home. Consider just a few examples:

    Born and raised in Ohio, Andrew Anglin founded the Daily Stormer, a popular neo-Nazi website, in 2016.

    James Alex Fields Jr. of Maumee, Ohio, poses for a mug shot after he drove his car into a crowd of counterprotesters in Charlottesville, Va., on Aug. 12, 2017.
    Albemarle-Charlottesville Regional Jail via Getty Images

    James Alex Fields Jr., a white nationalist from the Toledo area, was sentenced to life in prison in 2019 for the murder of Heather Heyer in Charlottesville, Virginia. Fields was convicted of driving his car into a crowd of counterprotesters during the white nationalist Unite the Right Rally in August 2017.

    Prior to the attack, Fields frequently posted the hashtag #Hitlerwasright on his social media accounts and called for violence against nonwhites and Jews.

    In the summer of 2022, Ohio law enforcement officers shot and killed Ricky Shiffer after the armed Navy veteran fired a nail gun at the FBI field office in Cincinnati. On his social media accounts, Shiffer had called for violence against federal law enforcement officials after the FBI searched Donald Trump’s residence at Mar-a-Lago as part of the federal probe into Trump’s handling of classified documents.

    Tres Genco, a self-described incel – short for “involuntary celibate” – who hated women and believed he was owed sex from them, was from the Cincinnati area and pled guilty in 2022 to plotting a mass shooting of women at Ohio State University. Law enforcement officials in Ohio stopped the planned attack before it happened.

    On April 21, 2023, Christopher Brenner Cook, 20, of Columbus, Ohio, and others were sentenced to nearly eight years in prison for his plan to attack power grids across the U.S. Cook and his accomplices believed that they were starting a race war and used neo-Nazi propaganda and white supremacist ideology to recruit young people to join their group.

    Online recruitment tactics

    Leaders of white supremacist and militia groups often use both traditional outreach and digital platforms to recruit people to their groups. Traditional outreach includes recruitment in conversations, attending events, and sharing books, pamphlets, flyers and posters.

    At the same time, social media has become a critical tool for extremist groups to spread their message, recruit members and organize events.

    These online platforms create echo chambers that reinforce extremist beliefs in debunked conspiracy theories, such as the assumption that the federal government is part of a plot to eliminate the white race.

    In addition to the increased traffic on social media, we have seen a rise of extremist groups in Ohio known as active clubs, where members engage in physical fitness, combat training and emotional support that encourages the development of a warrior mentality in preparation for what followers believe is an inevitable race war.

    Countering extremism in Ohio

    Though the emergence of white extremist groups goes far beyond the borders of Ohio, we have found that community-based, educational initiatives are effective in understanding and ultimately eradicating the root causes of racial and ethnic hatred on the local level.

    In our view, community engagement that emphasizes dialogue and understanding across different racial groups is crucial for demonstrating the dangers of intolerance – and the benefits of diversity.

    Paul J. Becker is part of a team at The University of Dayton that received funding from the Department of Homeland Security for the Preventing Radicalization to Extremist Violence through Education, Network-Building and Training in Southwest Ohio (PREVENTS-OH) project. Funded by the Department of Homeland Security under the Targeted Violence and Terrorism Prevention (TVTP) Grant Program, PREVENTS-OH recognizes that domestic violent extremism and hate movements pose a serious threat to the realization of human rights.

    Art Jipson is part of a team at The University of Dayton that received funding from the Department of Homeland Security for the Preventing Radicalization to Extremist Violence through Education, Network-Building and Training in Southwest Ohio (PREVENTS-OH) project. Funded by the Department of Homeland Security under the Targeted Violence and Terrorism Prevention (TVTP) Grant Program, PREVENTS-OH recognizes that domestic violent extremism and hate movements pose a serious threat to the realization of human rights.

    ref. Though home to about 50 white extremist groups, Ohio’s social and political landscape is undergoing rapid racial change – https://theconversation.com/though-home-to-about-50-white-extremist-groups-ohios-social-and-political-landscape-is-undergoing-rapid-racial-change-239997

    MIL OSI – Global Reports

  • MIL-OSI Global: Buyer beware: Off-brand Ozempic, Zepbound and other weight loss products carry undisclosed risks for consumers

    Source: The Conversation – USA – By C. Michael White, Distinguished Professor of Pharmacy Practice, University of Connecticut

    In just a few years, brand-name injectable drugs such as Ozempic, Wegovy, Mounjaro and Zepbound have rocketed to fame as billion-dollar annual sellers for weight loss as well as to control blood sugar levels and reduce the risk of heart disease.

    But the price of these injections is steep: They cost about US$800-$1,000 per month, and if used for weight loss alone, they are not covered by most insurance policies. Both drugs mimic the naturally occurring hormone GLP-1 to help regulate blood sugar and reduce cravings. They can be taken only with a prescription.

    The Food and Drug Administration announced an official shortage of the active ingredients in these drugs in 2022, but on Oct. 2, 2024, the agency announced that the shortage has been resolved for the medicine tirzepatide, the active ingredient in Mounjaro and Zepbound.

    Despite the soaring demand and limited supply of these drugs, there are no generic versions available. This is because the patents for semaglutide – the active ingredient in Ozempic and Wegovy, which is still in shortage – and tirzepatide don’t expire until 2033 and 2036, respectively.

    As a result, nonbrand alternatives that can be purchased with or without a prescription are flooding the market. Yet these products come with real risks to consumers.

    I am a pharmacist who studies weaknesses in federal oversight of prescription and over-the-counter drugs and dietary supplements in the U.S. My research group recently has investigated loopholes that are allowing alternative weight loss products to enter the market.

    High demand is driving GLP-1 wannabes

    The dietary supplement market has sought to cash in on the GLP-1 demand with pills, teas, extracts and all manner of other products that claim to produce similar effects as the brand names at a much lower price.

    Products containing the herb berberine offer only a few pounds of weight loss, while many dietary supplement weight loss products contain stimulants such as sibutramine and laxatives such as phenolphthalein, which increase the risk of heart attacks, strokes and cancer.

    Poison control centers have seen a steep rise in calls related to off-brand weight loss medications.

    The role of compounding pharmacies

    Unlike the dietary supplements that are masquerading as GLP-1 weight loss products, compounding pharmacies can create custom versions of products that contain the same active ingredients as the real thing for patients who cannot use either brand or generic products for some reason.

    These pharmacies can also produce alternative versions of brand-name drugs when official drug shortages exist.

    Since the demand for GLP-1 medications has far outpaced the supply, compounding pharmacies are legally producing a variety of different semaglutide and tirzepatide products.

    These products may come in versions that differ from the brand-name companies, such as vials of powder that must be dissolved in liquid, or as tablets or nasal sprays.

    Just like the brand-name drugs, you must have a valid prescription to receive them. The prices range from $250-$400 a month – still a steep price for many consumers.

    Compounding pharmacies must adhere to the FDA’s sterility and quality production methods, but these rules are not as rigorous for compounding pharmacies as those for commercial manufacturers of generic drugs.

    In addition, the products compounding pharmacies create do not have to be tested in humans for safety or effectiveness like brand-name products do.

    Proper dosing can also be challenging with compounded forms of the drugs.

    Companies that work the system

    For people who cannot afford a compounding pharmacy product, or cannot get a valid prescription for semaglutide or tirzepatide, opportunistic companies are stepping in to fill the void. These include “peptide companies,” manufacturers that create non-FDA approved knockoff versions of the drugs.

    From November 2023 to March 2024, my team carried out a study to assess which of these peptide companies are selling semaglutide or tirzepatide products. We scoured the internet looking for these peptide companies and collected information about what they were selling and their sales practices.

    We found that peptide sellers use a loophole to sell these drugs. On their websites, the companies state that their drugs are for “research purposes only” or “not for human consumption,” but they do nothing to verify that the buyers are researchers or that the product is going to a research facility.

    By reading the comments sections of the company websites and the targeted ads on social media, it becomes clear that both buyers and sellers understand the charade. Unlike compounding pharmacies, these peptide sellers do not provide the supplies you need to dissolve and inject the drug, provide no instructions, and will usually not answer questions.

    Peptide sellers, since they allegedly are not selling to consumers, do not require a valid prescription and will sell consumers whatever quantity of drug they wish to purchase. Even if a person has an eating disorder such as anorexia nervosa, the companies will happily sell them a semaglutide or tirzepatide product without a prescription. The average prices of these peptide products range from $181-$203 per month.

    Skirting regulations

    Peptide sellers do not have to adhere to the rules or regulations that drug manufacturers or compounding pharmacies do. Many companies state that their products are 99% pure, but an independent investigation of three companies’ products from August 2023 to March 2024 found that the purity of the products were far less than promised.

    One product contained endotoxin – a toxic substance produced by bacteria – suggesting that it was contaminated with microbes. In addition, the products’ promised dosages were off by up 29% to 39%. Poor purity can cause patients to experience fever, chills, nausea, skin irritation, infections and low blood pressure.

    In this study, some companies never even shipped the drug, telling the buyers they needed to pay an additional fee to have the product clear customs.

    If a consumer is harmed by a poor-quality product, it would be difficult to sue the seller, since the products specifically say they are “not for human consumption.” Ultimately, consumers are being led to spend money on products that may never arrive, could cause an infection, might not have the correct dose, and contain no instructions on how to safely use or store the product.

    Will prices for brand-name products come down?

    To combat these alternative sellers, pharmaceutical company Eli Lilly began offering an alternative version of its brand-name Zepbound product for weight loss in September 2024.

    Instead of its traditional injection pen products that cost more than $1,000 for a month’s supply, this product comes in vials that patients draw up and inject themselves. For patients who take 5 milligrams of Zepbound each week, the vial products would cost them $549 a month if patients buy it through the company’s online pharmacy and can show that they do not have insurance coverage for the drug.

    After a grilling on Capitol Hill in September 2024, pharmaceutical company Novo Nordisk came under intense pressure to offer patients without prescription coverage a lower-priced product for its brand-name Wegovy as well.

    In the next few years, additional brand-name GLP-1 agonist drugs will likely make it to market. As of October 2024, a handful of these products are in late-phase clinical trials, with active ingredients such as retatrutide, survodutide and ecnoglutide, and more than 18 other drug candidates are in earlier stages of development.

    When new pharmaceutical companies enter this market, they will have to offer patients lower prices than Eli Lilly and Novo Nordisk in order to gain market share. This is the most likely medium-term solution to drive down the costs of GLP-1 drugs and eliminate the drug shortages in the marketplace.

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

    ref. Buyer beware: Off-brand Ozempic, Zepbound and other weight loss products carry undisclosed risks for consumers – https://theconversation.com/buyer-beware-off-brand-ozempic-zepbound-and-other-weight-loss-products-carry-undisclosed-risks-for-consumers-239480

    MIL OSI – Global Reports

  • MIL-OSI Global: Columbus who? Decolonizing the calendar in Latin America

    Source: The Conversation – USA – By Elena Jackson Albarrán, Associate Professor of History and Global and Intercultural Studies, Miami University

    Demonstrators make graffiti reading ‘Columbus Out, Long Live the People’ on a fence protecting a statue of Christopher Columbus in Mexico City on Oct. 12, 2020. Pedro Pardo/AFP via Getty Images

    This is the season of patriotism in Latin America as many countries commemorate their independence from colonial powers. From July to September, public plazas in countries from Mexico to Honduras and Chile fill with crowds dressed and painted in national colors, parades feature participants costumed as independence heroes, fireworks fill the skies, and schoolchildren reenact historical battles.

    Beneath these nationalist displays ripples an uneasy tide: the colonial legacies that still tie the Americas to their Iberian conquerors. And as the calendar turns to October, another holiday highlights similar tensions – Columbus Day.

    Since 1937, the U.S. has observed the holiday on the second Monday of the month, commemorating the explorer’s 1492 arrival in the New World. It remains a federal holiday, even as many states and cities rename it “Indigenous Peoples’ Day,” rejecting Christopher Columbus as a symbol of imperialism.

    Indigenous groups protest in front of a statue of Christopher Columbus on Oct. 12, 1997, during marches in Mexico against ‘Dia de la Raza’ celebrations.
    David Hernandez/AFP via Getty Images

    Most Latin Americans, meanwhile, know Oct. 12 as “Día de la Raza,” or Day of the Race, which also celebrates Columbus’ arrival in the New World and the tide of Iberian conquistadors that followed. But commemorating the event is all the more charged in these countries, home to the Spanish Empire’s most lucrative territorial assets and sweeping spiritual conquests. Days before taking office in September 2024, Mexican President Claudia Sheinbaum reiterated her predecessor’s demand that the king of Spain apologize for the genocide and exploitation of the conquest 500 years ago.

    As a historian of Latin America, I’ve paid attention to the ways calendars signal a nation’s “official” values and how countries wrestle with these holidays’ meanings.

    Día de la Raza

    The first encounter between Aztec emperor Montezuma and conquistador Hernando Cortés took place on Nov. 8, 1519 – the latter backed by an entourage of 300 Spaniards, thousands of Indigenous allies and slaves, and hundreds of Africans, free or otherwise.

    This moment of contact began Mexico’s 500-year transformation into a “mestizo” nation: a hybrid identity with largely European and Indigenous roots. During the colonial period, racial differences were codified into law, and those with “pure” Spanish bloodlines enjoyed legal privileges over the racially mixed categories that fell below them. The 19th century ushered in independence from Spain and liberal ideas that promoted racial equality – in principle – but in reality, European influence prevailed.

    It was Spain that first proposed the Día de la Raza, held on Oct. 12, 1892, to commemorate the 400-year anniversary of Columbus’ arrival in the Americas – implying a celebration of Spain’s contributions to the mestizo racial mixture.

    The celebration was part of a bid to fortify nationalism in Spain, as the waning colonial power continued its retreat from the hemisphere it controlled for the better part of four centuries. Spain also hoped to export the invented holiday to the Americas, strengthening trans-Atlantic cultural affinities tested by the United States’ growing sway. Across the Americas, Día de la Raza came to be synonymous with celebrating European influence.

    Decorations for ‘Día de la Raza,’ in the Monserrat neighborhood of Buenos Aires in 1929.
    Archivo General de la Nación/Wikimedia Commons

    In Mexico, the 1892 commemoration empowered members of the political elite who promoted European investments and culture as the model for modernizing the country. They used the occasion to extol the civilizing influence of the “madre patria,” or motherland, justifying the conquest and colonialism as a period of benevolent rule.

    Mestizo nationalism

    Only a few years later, however, the U.S. victory in the Spanish-American War swept the last vestiges of Spanish empire from the hemisphere. Spain’s exit made way for dual – and dueling – phenomena: rising patriotic spirit in Latin American countries, even amid increasing economic pressure and cultural influence from the U.S.

    The 1910 Mexican Revolution ignited mestizo nationalism, which soon extended to other countries. In 1930s Nicaragua, Augusto Sandino started a revolution to oust the occupying U.S. Marines while calling for the unification of the “Indo-Hispanic Race.” Meanwhile, Peruvian intellectual José Mariátegui envisioned a modern nation built upon the ideals of a collective, reciprocal society, modeled by the Incan ayllu system. And in Mexico, beauty pageants celebrating native features gained popularity among the social classes accustomed to perusing department stores for Parisian imports.

    Yet a tendency to emphasize Spanish cultural ancestry rather than Indigenous ones persisted. In the late 1930s, for example, October issues of Mexican children’s magazine Palomilla celebrated Columbus’ arrival as a heroic entry that provided the region with a common language and religion.

    Pan American Day

    Meanwhile, the U.S viewed Pan-Hispanic sentiments as a threat: Spanish economic goals, cloaked in racial and cultural solidarity.

    To help shore up hemispheric allegiances, Franklin D. Roosevelt proclaimed a new holiday on April 14, 1930: Pan American Day, or Día de las Américas. The holiday sought to offset the narratives of both Columbus Day and Día de la Raza and marked the U.S. administration’s Good Neighbor Policy pivot toward Latin America – a softer form of imperialism that promoted solidarity and brotherhood, at least on the surface.

    The Pan American Union, an inter-American organization headquartered in Washington, saw the new date as an opportunity to forge common traditions across the hemisphere. It vigorously promoted Pan American Day celebrations, primarily among schoolchildren, exhorting teachers to implement games, puzzles, pageants and songs created in Pan American Union offices.

    Students at Parkway Public School in New York present a pageant for Pan American Day in 1943.
    Bettmann/CORBIS/Bettmann Archive via Getty Images

    The holiday met enthusiastic reception in the United States. Midwesterners donned sombreros for parades, and Spanish language clubs in California hosted pageants celebrating the flags of American nations.

    But Latin American commemoration was tepid at best. The Organization of American States, the successor to the Pan American Union, still recognizes Pan American Day. However, it never gained traction in Latin America and faded in the U.S. during World War II.

    Recent shift

    Latin America’s ambivalence toward holidays to commemorate the colonizers has taken a turn since 1992. The 500-year anniversary of Columbus’ arrival corresponded with yet another form of colonialism, in many Latin Americans’ eyes, as a new wave of multinational corporations colluded with heads of state to tap the continent’s oil, lithium, water and avocados.

    Activists used the commemoration to call attention to lingering economic, social, racial and cultural inequities. In particular, the anniversary inspired Indigenous rights movements – some of which commemorated an “anti-quincentenary” to celebrate “500 years of resistance.”

    The Día de la Raza has since been renamed to reflect anti-colonial sentiments, similar to Columbus Day in the United States. Ecuador calls Oct. 12 the Day of Interculturalism and Ethnic Identity; Argentina celebrates it as Day of Respect for Cultural Diversity; Nicaragua now refers to it as the Day of Indigenous, Black and Popular Resistance; in Colombia it is the Day of Ethnic and Cultural Diversity; and the Dominican Republic celebrates it as Intercultural Day.

    A statue in honor of ‘women who fight’ has replaced an effigy of Christopher Columbus on Paseo de la Reforma Avenue in Mexico City.
    Pedro Pardo/AFP via Getty Images

    In some places, renaming the holiday has drawn attention to Indigenous rights and culture. Bolivians, for example, draped a statue of a European monarch in a traditional “aguayo” garment, transforming her into an Indigenous woman. However, critics suggest that removing the holiday’s reference to the colonizers erases an important reminder of the conquest and its painful legacy.

    As in the U.S., monuments to colonizers are coming down – including the monument to Columbus that occupied a conspicuous spot on La Reforma, one of Mexico City’s most-traversed thoroughfares.

    In its place is a new installation: a purple silhouette of a girl with her fist raised, in honor of Latin America’s women activists. She heralds a new era of statues lining La Reforma, and heroes for the future – not mired in the colonial legacies of the past.

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

    ref. Columbus who? Decolonizing the calendar in Latin America – https://theconversation.com/columbus-who-decolonizing-the-calendar-in-latin-america-233307

    MIL OSI – Global Reports

  • MIL-OSI Global: 5 kinds of American evangelicals and their voting patterns

    Source: The Conversation – USA – By Richard Flory, Executive Director, Center for Religion and Civic Culture, USC Dornsife College of Letters, Arts and Sciences

    Evangelicals may share the same basic theology, but they are not a monolithic group. Joe Raedle/Getty Images

    Polls and analyses from journalists, scholars and even religious leaders often seem to assume that evangelicalism represents a singular religious and social identity. Former president and Republican nominee Donald Trump, who received 81% of the white evangelical vote in the 2016 election, is predicted to garner a majority share of this vote again in 2024.

    Yet, the reality is much more complex. In 2016, for example, evangelical leaders such as Jerry Falwell Jr. and Robert Jeffress celebrated Trump’s victory and evangelicalism’s role in bringing America back to God. Others – such as Russell Moore, currently editor of the evangelical magazine Christianity Today – saw Trump as the opposite of what evangelicalism represents.

    Led by prominent figures such as the late Jerry Falwell, contemporary evangelicalism emerged as a political force in the 1970s and 1980s and championed conservative religious values. Since then, evangelicals have been regarded as a uniform, monolithic group who are opposed to gay rights, abortion and more, and that they are a reliable conservative voting bloc.

    As a scholar of American religion who has studied the evangelical movement for over 30 years, I was dissatisfied with this interpretation. At University of Southern California’s Center for Religion and Civic Culture, we decided to bring together our collective research on evangelicalism to develop a broader template to understand the dynamics of American evangelicalism. The result was a report first published in 2018 that we continue to update.

    We have identified and described five varieties, or “types,” within the broader evangelical movement.

    Evangelicals and their beliefs

    At its core, evangelicalism is characterized by a belief in the literal truth of the Bible.

    For example, evangelicals believe that the world and humans were created by God; that Jesus was literally God’s son and also born as a human; that Jesus died and physically rose from the dead; and that God currently acts through humans to achieve his ends for humanity. A hallmark belief for evangelicals is having a “personal relationship with Jesus Christ” and a focus on encouraging others to be “born again” or “saved” through Jesus.

    Despite sharing the same basic theology, there are differences within evangelicalism politics and social engagement.

    We used three criteria to develop our five categories: First, each type shares a basic agreement on evangelical theology. Second, they each understand themselves as existing within the larger tradition of American evangelicalism. And third, their theology motivates how they act in the world, including appropriate social and political actions.

    Typologies simplify in order to explain, but they also can blur some of the finer distinctions between categories. Still, the perspectives these different varieties of evangelicals maintain shape not only who they will vote for but also why they vote a certain way.

    1. MAGA-vangelicals

    MAGA-vangelicals consist of the white Christian nationalist core of the “Make America Great Again” or MAGA, movement, with some Latino, Asian and Black American pastors aligning themselves with this movement.

    MAGA-vangelicals have been the most vocal and visible group of evangelicals since the 2016 election.

    The origins of this group trace back to the 1980s – the time of the emergence of the religious right. MAGA-vangelicals echo many of the same issues – such as opposition to abortion and LGBTQ+ rights and support for anti-immigration policies. One significant shift, however, since the Jan. 6, 2021, insurrection, is an increased acceptance of political violence. “Jan. 6 was not an insurrection,” evangelical leader Lance Wallnau has falsely asserted. “It was an election fraud intervention.” The baseless election fraud myth was the pretext for the violence on Jan. 6.

    2. Neo-fundamentalist evangelicals

    Neo-fundamentalists are evangelicals who are as theologically or politically conservative as MAGA-vangelicals but maintain a [theological commitment] to remain separate from any relationships – whether personal, social or political – that would, in their view, compromise the teachings of evangelical Christianity and their own identity as evangelical Christians.

    For example, Southern Baptist Theological Seminary President Albert Mohler and Christianity Today editor Russell Moore have opposed Trump due to his, by evangelical standards, lack of values and amoral lifestyle.

    The Rev. Russell Moore.
    AP Photo/Mark Humphrey, File

    However, they support how the Trump administration furthered the political goals of evangelical Christianity. In particular, they support the Supreme Court overturning Roe v. Wade and supporting evangelicals’ religious freedom to discriminate against LGBTQ+ people in their businesses.

    Yet there has recently been some qualified support among neo-fundamentalists offered for Trump himself, despite their opposition to his personal morals. For example, Mohler has argued that Trump is the better candidate to achieve their goals in 2024, despite his personal shortcomings. Mohler takes the position, though, that this support largely depends on Trump remaining committed to evangelical goals on issues such as abortion.

    3. iVangelicals

    iVangelicals are evangelicals primarily focused on personal faith and the weekly worship experience in their churches. They are mainly concentrated in the evangelical megachurch movement.

    iVangelicals want to reach large numbers of people through their popular worship services, varied social programs and small group ministries.

    iVangelicals are particularly adept at borrowing and adapting elements of popular culture to provide a “relevant” church atmosphere.

    For example, most iVangelical megachurches include music that, other than the lyrics, is nearly indistinguishable from secular pop and rock bands, in both style and quality. Although they are generally conservative in their theology and politics, they tend to stay away from overtly political messages in their churches.

    There is, however, a range of beliefs and commitments among iVangelicals, with some being attracted to groups such as Evangelicals for Harris, a new effort to mobilize evangelicals to move away from Republicans, Trump and MAGA and to vote for Harris. Their approach uses biblical examples and references to argue that true Christian teachings and actions are more aligned with Democrats than Republicans.

    Evangelicals for Harris.

    4. Kingdom Christians

    Kingdom Christians are evangelicals who, in their churches and ministries, strive to mirror the demographic and socioeconomic mix of the neighborhoods where they are rooted.

    They tend to have a more diverse racial and ethnic mix of members than other evangelical churches. Their focus is to be a part of, and to serve, their local communities in a manner that mirrors their conception of the kingdom of God on Earth.

    Leaders among Kingdom Christians often critique the economic and political systems that produce poverty and racial injustice. The focus of their efforts, however, is on creating relationships with local businesses and activists in the local community and contributing to policy through engagement with local officials.

    Kingdom Christians are present-oriented; the kingdom of God is to be realized in the communities where believers live, as well as in some future spiritual world.

    5. Peace and Justice evangelicals

    Peace and Justice evangelicals are a loose network of pastors, nonprofit leaders, professors and activists. They are a small segment within evangelicalism often embedded in larger organizations, and they focus their work on key social and political issues such as racial justice, immigration reform and environmental issues. They seek to have a wider impact than just a focus on the local community.

    Peace and Justice evangelicals trace their origins to the late 1960s publication, The Other Side, originally Freedom Now, which represented a freshly emerging evangelical social consciousness around issues of racial justice. Following close behind was the Sojourners community, and Sojourners magazine, which is still active today.

    In 1973, a group of evangelical college professors wrote the Chicago Declaration of Social Concern, which ultimately led to the launch of Evangelicals for Social Action as a national organization in 1978.

    This is a small but growing minority in the larger evangelical world, with many belonging to traditional evangelical institutions. For example, Alexia Salvatierra, at Fuller Seminary, is a longtime “faith-rooted” community organizer and has more recently been instrumental in forming Matthew 25/Mateo25, a group that aids immigrants and “defends the vulnerable.” Shane Claiborne, a long-time urban activist, is currently head of Red Letter Christians, a movement that combines “Jesus and justice” and seeks to “live out Jesus’ counter-cultural teachings.”

    Several Christians work with organizations that help immigrants.
    AP Photo/Russell Contreras

    Evangelicals and the future

    Following historical evangelical voting patterns, it is likely that most white evangelicals will vote for Trump in 2024. I believe many will do so with enthusiasm, while others will vote for him because of his policies, while remaining troubled by his rhetoric.

    Of the evangelicals who oppose Trump, some will refuse to vote for either Trump or Harris, refusing to cast a vote for president. Others will vote for Harris, following the example of many Republican leaders who are seeking to move beyond the damage that Trump and the MAGA movement have done to the Republican Party and to conservatism.

    Meanwhile, for the Kingdom Christians and Peace and Justice evangelicals, the true values of evangelical Christianity will be supported by the more progressive policies of the Democratic Party.

    Regardless of how they vote in the 2024 election, evangelicals in all of these categories will continue to promote their distinct vision of evangelicalism and educate members on how they should bring their faith to bear on important social and political issues in American culture.

    Richard Flory has received funding from the John Templeton Foundation and the Lilly Endowment.

    ref. 5 kinds of American evangelicals and their voting patterns – https://theconversation.com/5-kinds-of-american-evangelicals-and-their-voting-patterns-238470

    MIL OSI – Global Reports

  • MIL-OSI Global: The woman who revolutionized the fantasy genre is finally getting her due

    Source: The Conversation – USA – By Dennis Wise, Professor of Practice in English Literature, University of Arizona

    Hugo Award-winner Arthur C. Clarke called Judy-Lynn del Rey the ‘most brilliant editor I ever encountered.’ Artwork by Adriano Botega. Courtesy of Inspiration Films, LLC.

    Think of your favorite fantasy or science fiction novel. You’ll know the author and title, of course. But can you think of its editor or publisher?

    In publishing, the people who work behind the scenes rarely get their due. But on Oct. 1, 2024, at least, one industry pioneer got the limelight. On that day, PBS aired “Judy-Lynn del Rey: The Galaxy Gal,” the first episode of its new documentary series “Renegades,” which highlights little-known historical figures with disabilities.

    A woman with dwarfism, Judy-Lynn del Rey was best known for founding Del Rey Books, a science fiction and fantasy imprint that turned fantasy in particular into a major publishing category.

    As a scholar of fantasy literature, I had the good fortune to serve as research consultant for the PBS project. Due to time constraints, however, the episode could tell only half of del Rey’s story, passing over how she affected science fiction and fantasy themselves.

    Judy-Lynn del Rey, you see, had very clear notions on what kind of stories people wanted to buy. For some critics, she also committed the unforgivable sin of being right.

    The Mama of ‘Star Wars’

    Over the course of her career, del Rey earned a reputation as a superstar editor among her authors. Arthur C. Clarke, who co-wrote the screenplay for “2001: A Space Odyssey,” called her the “most brilliant editor I ever encountered,” and Philip K. Dick said she was the “greatest editor since Maxwell Perkins,” the legendary editor of Ernest Hemingway and F. Scott Fitzgerald.

    She got her start, though, working as an editorial assistant – in truth, a “gofer” – for the most lauded science fiction magazine of the 1960s, Galaxy. There she learned the basics of publishing and rose rapidly through the editorial ranks until Ballantine Books lured her away in 1973.

    Soon thereafter, Ballantine was acquired by publishing giant Random House, which then named del Rey senior editor. Yet her first big move was a risky one – cutting ties with Ballantine author John Norman, whose highly popular “Gor” novels were widely panned for their misogyny.

    Del Rey’s acquisition of the rights to ‘Star Wars’ was a boon for Ballantine.
    The Internet Speculative Fiction Database

    Nonetheless, del Rey’s mission was to develop a strong backlist of science fiction novels that could hook new generations of younger readers, not to mention adults. One early success was her “Star Trek Log” series, a sequence of 10 novels based on episodes of “Star Trek: The Animated Series.”

    But del Rey landed an even bigger success by snagging the novelization rights to a science fiction film that, at the time, few Hollywood executives believed would do well: “Star Wars.”

    This savvy gamble led to years of lucrative tie-in products for Ballantine such as calendars, art books, sketchbooks, the Star Wars Intergalactic Passport and, of course, more novels set in the Star Wars universe – so many different tie-ins, in fact, that del Rey dubbed herself the “Mama of Star Wars.”

    Afterward, she became someone who, as reporter Jennifer Crighton put it, radiated “with the shameless glee of one of the Rebel forces, an upstart who won.”

    A big player in big fiction

    Del Rey’s tendencies as an editor were sometimes criticized – often by competitors who could not match her line’s success – for focusing too much on Ballantine’s bottom line. But she also chose to work within the publishing landscape as it actually existed in the 1970s, rather than the one she only wished existed.

    In his book “Big Fiction,” publishing industry scholar Dan Sinykin calls this period the “Conglomerate Era,” a time when publishing houses – usually small and family run – were being consolidated into larger corporations.

    One benefit of this shift, however, was greater corporate investment in the industry, which boosted print runs, marketing budgets, author advances and salaries for personnel.

    Ballantine’s parent company, Random House, was also known as an industry leader in free speech, thanks to the efforts of legendary CEOs Bennett Cerf and Robert L. Bernstein.

    Accordingly, Random House gave their publishing divisions, including Ballantine, immense creative autonomy.

    And when del Rey was finally given her own imprint in 1977, she took her biggest risk of all: fantasy.

    The Del Rey era

    In prior decades, fantasy had a reputation for being unsellable – unless, of course, your name was J.R.R. Tolkien, or you wrote Conan-style barbarian fiction. Whereas the top science fiction magazines often had distinguished runs, fantasy magazines often folded due to lack of sales.

    The popular film version of ‘The Princess Bride’ was aided by del Rey’s earlier advocacy for reissuing the novel.
    The Internet Speculative Fiction Database

    In 1975, though, del Rey hired her husband, Lester del Rey, to develop a fantasy line, and when Del Rey Books launched two years later, it landed major successes with bestsellers such as Terry Brooks’ “The Sword of Shannara” and Stephen R. Donaldson’s “The Chronicles of Thomas Covenant the Unbeliever.” Yet even though Lester edited the fantasy authors, Judy-Lynn oversaw the imprint and the marketing.

    One lesser-known example of her prowess is “The Princess Bride.”

    Today, most people know the 1987 film, but the movie originated as a much earlier novel by William Goldman. The original 1973 edition, however, sold poorly. It might have faded into obscurity had del Rey not been determined to revive Ballantine’s backlist.

    She reissued “The Princess Bride” in 1977 with a dazzling, gate-folded die-cut cover and a new promotional campaign, without which the novel – and the film – might never have found its later success.

    Accolades accumulate

    Thanks to these efforts, Del Rey Books dominated genre publishing, producing more bestselling titles through 1990 than every other science fiction and fantasy publisher combined. Yet despite complaints that the imprint prioritized commercial success over literary merit, Del Rey authors earned their fair share of literary accolades.

    The prestigious Locus Poll Award for best science fiction novel went to Del Rey authors Julian May and Isaac Asimov in 1982 and 1983. Other Locus awardees include Patricia A. McKillip, Robert A. Heinlein, Larry Niven, Marion Zimmer Bradley and Barbara Hambly.

    Barry Hughart’s “Bridge of Birds” was one of two winners for the World Fantasy Award in 1985 and won the Mythopoeic Society Award in 1986. Even more impressively, Del Rey ran away with the Science Fiction Book Club Award during that prize’s first nine years of existence, winning seven of them. The imprint’s titles also won three consecutive August Derleth Fantasy Awards – now called the British Fantasy Award – from 1977 through 1979.

    Yet despite these accolades, Del Rey’s reputation continued to suffer from its own commercial success. Notably, Judy-Lynn del Rey was never nominated for a Hugo Award for best professional editor. When she died in 1986, the Hugo committee belatedly tried granting her a posthumous award, but her husband, Lester, refused to accept it, saying that it came too late.

    Although the current narrative continues to be that Del Rey Books published mainly formulaic mass-market fiction in its science fiction and fantasy lines, the time may be ripe to celebrate the foresight and iconoclasm of a publisher who expanded speculative fiction beyond the borders of a small genre fandom.

    I was research consultant for the PBS episode mentioned in the article, but I am not an employee of PBS or any other organization mentioned in this article.

    ref. The woman who revolutionized the fantasy genre is finally getting her due – https://theconversation.com/the-woman-who-revolutionized-the-fantasy-genre-is-finally-getting-her-due-240198

    MIL OSI – Global Reports

  • MIL-OSI Global: DEA could reclassify marijuana to a less restrictive category – a drug policy expert weighs the pros and cons

    Source: The Conversation – USA – By Chris Meyers, Adjunct Professor of Philosophy, George Washington University

    The move would not make marijuana legal at the federal level for recreational use and would require dispensaries to comply with medical marijuana requirements. Nathalie Jamois/SOPA Images, LightRocket via Getty Images

    The Drug Enforcement Administration announced in early 2024 that it would act on President Joe Biden’s call to reclassify marijuana, moving it from the tightly controlled Schedule I category that it has been in since 1970 to the less restrictive Schedule III status of the Controlled Substances Act. That triggered a long process of hearings and reviews that will not be completed until after the presidential election in November.

    The news drew strong reactions from critics: 25 Republican lawmakers sent a letter to Attorney General Merrick Garland protesting any changes to federal marijuana laws. They argued that the decision “was not properly researched … and is merely responding to the popularity of marijuana and not the actual science.”

    As a philosopher and drug policy expert, I focus on assessing arguments and evidence rather than politics or rhetoric. So, what are the arguments for and against rescheduling cannabis?

    Scheduling under the Controlled Substances Act

    The Controlled Substances Act places each prohibited drug into one of five schedules based on known medical use, addictive potential and safety. Schedule I drugs – which, along with marijuana, also includes heroin, LSD, psilocybin, ecstasy (MDMA) and quaaludes – is the most restrictive category.

    Schedule I substances cannot be legally used for any purpose, including medical use or research, though an exception for research can be made with special permission from the DEA. The criteria for inclusion in the Schedule I category is that the substance has a high potential for abuse, is extremely addictive and has “no currently accepted medical use.”

    Schedule II, which is slightly less restrictive than Schedule I, includes drugs that are addictive and potentially unsafe but also have some accepted medical use. These include strong opioids such as fentanyl, as well as cocaine, PCP and methamphetamine. Though they are still tightly regulated, Schedule II drugs can be used medically with a prescription or administered by a licensed physician.

    Schedule III is much less restrictive and is intended for substances with legitimate medical use and only moderate risk of abuse or dependency. This category includes low-dose morphine, anabolic steroids and ketamine.

    Schedule IV – which includes the sedative valium, the weak opioid tramadol and sleep medicines such as Ambien – is even less restrictive.

    The least restrictive category is Schedule V, which includes cough syrups with codeine and calcium channel blockers such as gabapentin and pregabalin. All scheduled drugs require a doctor’s prescription and can be distributed only by licensed pharmacies.

    What rescheduling would mean for marijuana

    The push to reschedule is largely to make federal laws consistent with state medical marijuana programs that – as of October 2024 – are legal in 38 states plus the District of Columbia.

    Moving marijuana to Schedule III would not change its legal status in states where it is banned. It would make marijuana legal at the federal level but only for medical use. Recreational use would still be federally prohibited, even though it is currently legal in 24 states plus Washington.

    Rescheduling, however, might not make medical marijuana any easier for patients to access and could even make it much harder for some. Currently, getting a medical marijuana card is quite easy in most states. In Washington D.C., where I live, patients can self-certify.

    Reclassifying marijuana as a Schedule III drug would legitimize its medical use.

    If marijuana is reclassified as Schedule III, medical marijuana programs will have to start requiring a doctor’s prescription, just like with all other scheduled substances. And it could be distributed only by licensed pharmacies, which would put medical dispensaries that are now selling it without a license from the Food and Drug Administration out of business.

    Rescheduling, however, would give medical marijuana legitimacy as a bona fide medicine. And the intent of the move is to increase access, even if it is unclear how rescheduling would achieve that.

    So, assuming that rescheduling would have the intended effect of expanding access to medical marijuana, should it be rescheduled?

    Medical uses of marijuana

    Though there are three criteria for Schedule I in the Controlled Substances Act, the DEA in fact relies on only the medical use criterion. This was the basis of the DEA’s proposal to reschedule marijuana. The fact that almost 75% of Americans live in a state with a medical marijuana program suggests that marijuana has an accepted medical use.

    More importantly, Schedule III of the Controlled Substances Act already includes dronabinol, which is delta-9 THC, the active ingredient in marijuana. Although dronabinol is synthesized in the lab rather than extracted from the cannabis plant, it is the exact same molecule. The FDA approved THC in the form of dronabinol in 1985 for treating anorexia caused by HIV/AIDS as well as nausea and vomiting due to chemotherapy. Placing marijuana in the same schedule as its primary active ingredient makes a lot of sense.

    Another argument in favor of rescheduling is that it would open up new opportunities for medical research into marijuana’s effects, research that is currently hampered by its Schedule I status. This work is critical because the system of cannabinoid receptors through which marijuana causes its therapeutic and psychoactive effects is crucial for almost every aspect of human functioning.

    Research has shown that cannabis is effective not only in treating nausea and AIDS but also chronic pain and some symptoms of multiple sclerosis.

    There is also good evidence that marijuana can help treat other conditions, including Lou Gehrig’s disease (amyotrophic lateral sclerosis, or ALS), glaucoma, irritable bowel syndrome, insomnia, migraine, post-traumatic stress disorder and Tourette syndrome. Keeping marijuana in the Schedule I category severely hampers research that might establish more effective treatments for these conditions.

    Researchers have been extremely limited in their abilities to study marijuana because of its Schedule I classification.

    Balancing risks and benefits

    Those opposed to rescheduling cite possible health risks associated with marijuana consumption. Heavy use is linked to an increased risk of developing schizophrenia. However, the increased risk of schizophrenia from cannabis use is comparable to that caused by watching excessive television, eating junk food or smoking cigarettes.

    Long-term marijuana use can also lead to sleep problems and diminished visuospatial memory. It can also cause gastrointestinal trouble, such as cannabis hyperemesis syndrome, which is characterized by nausea, vomiting and abdominal pain. The symptoms, while extremely unpleasant, are temporary and occur only after consuming marijuana. The condition disappears in people who stop using.

    Marijuana use can also be addictive. According to the Centers for Disease Control and Prevention, about three out of every 10 regular marijuana users meet the diagnostic criteria for cannabis use disorder.

    All of the concerns above are legitimate, though it is worth noting that virtually no effective medicine is free from undesirable side effects. And although marijuana can be habit-forming, it is not as addictive as alcohol, tobacco, oxycodone, cocaine, methamphetamine or benzodiazepines. None of those other drugs are categorized as Schedule I, and alcohol and tobacco are not scheduled at all.

    Unlike most other prescription medications, marijuana use is associated with many benefits. For example, in states where marijuana has been legalized, worker’s compensation payments have fallen by an average of 21% among people over 40. Researchers think that this is because marijuana helps workers better manage chronic pain. The use of marijuana for pain management also helps to reduce dependency on opioids. One study found that U.S. counties with one or two marijuana dispensaries had an average of 17% fewer opioid-related fatalities compared with counties with no dispensaries.

    Research also shows that marijuana use can help to prevent Alzheimer’s by blocking the enzymes that produce amyloid plaques. It also shows promise for reducing a person’s risk of developing Type 2 diabetes by helping the body regulate insulin and glucose levels.

    All of these benefits add up to marijuana users having an overall lower rate of premature death than nonusers.

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

    ref. DEA could reclassify marijuana to a less restrictive category – a drug policy expert weighs the pros and cons – https://theconversation.com/dea-could-reclassify-marijuana-to-a-less-restrictive-category-a-drug-policy-expert-weighs-the-pros-and-cons-237199

    MIL OSI – Global Reports

  • MIL-OSI Russia: Marat Khusnullin: To accelerate the pace of economic development in Donbass, it is necessary to change the quality of roads

    MILES AXLE Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Marat Khusnullin: To accelerate the pace of economic development in Donbass, it is necessary to change the quality of roads

    The economic component of new regions depends, among other things, on the condition of the road surface on federal and regional highways. In order to develop the potential of the subjects, the road from Dokuchaevsk to Starobeshevo has been repaired in the Donetsk People’s Republic, and in the Lugansk People’s Republic, sections of the strategically important federal highway Znamenka – Lugansk – Izvarino are being updated. This was reported by Deputy Prime Minister Marat Khusnullin.

    “In order to accelerate the pace of economic development and expand cooperation ties in the new Russian regions, it is necessary to ensure a qualitative change in the transport and logistics component. It is also important to put in order the roads of Donbass bordering other entities. For example, as part of this work, 30 km of one of the main highways of the DPR – the highway from Dokuchaevsk to Starobeshevo – have been repaired. It will provide a comfortable exit to the federal highway R-150 Belgorod – Starobelsk – Lugansk – Donetsk – Mariupol, and will also create conveniences for travel in the direction of the Uspenka and Shramko checkpoints on the border with the Rostov Region,” the Deputy Prime Minister noted.

    The work was carried out under the supervision of specialists from the State Company “Avtodor”.

    “About 500 people are working at the facilities in the LPR, and over 250 units of equipment are involved. They are currently renovating the Znamenka-Lugansk-Izvarino highway. At the moment, work is nearing completion on the section from the village of Samsonovka to the settlement of Izvarino. We are also completing the renovation of 23 km of the Raygorodka-Slavyanoserbsk-Mikhailovka highway, which connects the federal highway R-150 with the regional highway on the section from Lugansk to Lisichansk,” said Vyacheslav Petushenko, Chairman of the Board of the State Company “Avtodor”.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52945/

    MIL OSI Russia News

  • MIL-OSI Banking: Danmarks National­bank’s comments on the Economic Council’s discussion paper, Autumn 2024

    Source: Danmarks Nationalbank

    Danmarks Nationalbank generally shares the Chairmanship’s assessment of the outlook for the Danish economy and the risk outlook. Interest rate rises in recent years have contributed to slowing growth in the Danish and international economy and to a fall in inflation. This has prompted the European Central Bank (ECB) and others to ease monetary policy again. Like the Chairmanship, Danmarks Nationalbank believes that the development of the Danish economy has been characterised by a dichotomy in recent years. On the one hand, there has been a slowdown in growth in most parts of the domestic economy, while on the other, there has been an increase in exports, in particular driven by production abroad under Danish ownership, known as merchanting and processing (M&P). Like the Chairmanship, Danmarks Nationalbank assesses that M&P activities as such have only a minor impact on the domestic cyclical position. M&P is expected to make a significant contribution to growth in the Danish economy over the next few years, while the rest of the export-oriented industries are also expected to grow. Domestic demand is expected to pick up as real wage growth and gradually looser monetary policy translate into increased private consumption and investment.

    The Chairmanship believes that the Danish economy is currently experiencing a boom with more than normal pressure on the labour market. Danmarks Nationalbank shares the view that there is still some pressure on the labour market, although it has eased compared to a few years ago. However, Danmarks Nationalbank believes that the pressure on the labour market, measured by the employment gap, has eased to a greater extent and that it is currently smaller than the Chairmanship’s assessment. This is supported by a number of indicators such as the labour shortages and number of vacancies reported by companies, both of which indicate that the pressure has eased compared to a few years ago. Unlike the Chairmanship, Danmarks Nationalbank believes that the Danish economy is currently in an approximately neutral cyclical position.

    Danmarks Nationalbank share the Chairmanship’s expectations that wage growth will slow down next year due to less pressure on the labour market and significantly lower inflation. However, Nationalbanken also expect lower wage increases than the Chairmanship. Inflation is currently fuelled by domestic factors, and Danmarks Nationalbank expects to a larger extend than the Chairmanship that the current high wage increases will lift inflation going forward. Nationalbanken therefore expect slightly higher consumer price increases than the Chairmanship next year.

    Like the Chairmanship, Danmarks Nationalbank believes that monetary and fiscal policy is still needed to contribute to an appropriate development in the business cycle in Denmark, which will support stable price development. Nationalbanken has raised interest rates significantly since the summer of 2022 as a result of the tightening of monetary policy implemented by the ECB in the euro area to bring down inflation. The Chairmanship believes that monetary policy has dampened activity in recent years and will also dampen activity next year, whereas fiscal policy is expected to counteract this in 2025. Specifically, the Chairmanship estimates that fiscal policy has been eased by around 1 per cent of GDP in 2025 compared to 2023. Based on the assessment of the current situation of high capacity pressures, the Chairmanship believes that fiscal policy should be tightened. From a purely stabilisation point of view, it is considered appropriate to tighten fiscal policy to return it approximately to the level of 2023.

    In the current situation with continued high wage increases and some pressure on the labour market, including low unemployment, Danmarks Nationalbank shares the Chairmanship’s assessment that this is a good time to ease fiscal policy to the extent proposed in the government’s proposal for the 2025 budget. However, Danmarks Nationalbank believes that a tightening of the magnitude recommended by the Chairmanship would be too much. This is due to the fact that inflation has fallen sharply and that pressure on the labour market has been reduced over the past few years. Danmarks Nationalbank also believes that monetary policy and financial conditions remain tight in Denmark.

    Danmarks Nationalbank agree with the Chairmanship that the green tripartite agreement (“Agreement on a Green Denmark”) is a step towards uniform taxation of carbon emissions in Denmark, but that the effective tax level, including the proposed basic deduction, is still lower in agriculture than in other industries. Danmarks Nationalbank also shares the Chairmanship’s assessment that there is a risk of the reductions assumed in the agreement not being realised, partly because the agreement involves untested technologies. Thus, it remains unclear whether the carbon tax level is sufficient to ensure the fulfilment of the objectives of the Climate Act. Clarity on future tax levels contributes to price and financial stability by clarifying risks associated with emission-intensive business models.

    Danmarks Nationalbank contributed to the work of the “Expert Group for a Green Tax Reform” in 2023 by assessing the impact of carbon taxes on agriculture on banks and mortgage credit institutions. Danish banks and mortgage credit institutions are generally expected to be well equipped to handle any losses resulting from a carbon tax. This is due to their ongoing profits, a decrease in the institutions’ total lending to the industry and a generally high level of security in underlying collateral.

    MIL OSI Global Banks

  • MIL-OSI: Banzai Announces Strategic Business Initiatives to Improve Net Income by up to $13.5 Million Annually

    Source: GlobeNewswire (MIL-OSI)

    Plan Substantially Extends Cash Runway while Maintaining Growth Plan with
    Continued Investment in Software Platform and Marketing

    SEATTLE, Oct. 09, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced a comprehensive initiative designed to significantly improve its Net Income while maintaining its growth outlook. The Company plans to accomplish this through a reduction of its annual operational expenses by up to $9.9 million by March 31, 2025, along with a reduction in other expenses by up to $3.6 million.

    Overall improvement in Net Income is expected to be approximately $13.5 million annually when fully implemented.

    The strategic initiative includes a broad range of measures including strategic workforce adjustments, operational consolidation, and various other cost-saving actions. These measures are aimed at increasing efficiency and improving scalability while continuing to build Banzai’s leadership position in the marketing technology industry. Specifically, Banzai expects to:

    Implement Workforce Adjustments

    Banzai has undertaken a strategic adjustment to reduce its staffing and independent contractor expenses by 27%, which will preserve the company’s agility and innovation capacity. Affected employees will be supported with comprehensive severance packages and resources for career transition. The Company anticipates that the total cost to implement this plan will be $0.1 million.

    Reduce Interest Expense

    Banzai has restructured its long-term debt with Columbia Pacific Advisors (“CP BF”) such that the long-term debt maturity is extended until February 19, 2027 from February 19, 2025, and 100% of interest expense is now Payable-in-Kind (“PIK”) instead of payable in cash. This substantially reduces the Company’s cash expenses. If fully converted to equity under the restructured note, the entire $1.9m annual expense would be eliminated.

    Realize Vendor Cost-Savings

    Banzai has begun implementing, and will continue to implement, a series of additional measures to further reduce expenses. These will include curtailing discretionary spending, cost-reduction measures for certain legal and accounting expenses, reduction of real-estate expenses, and leveraging automation and digital technologies to enhance operational efficiency.

    “Alongside the $5m private placement transaction and debt restructuring transactions the company has executed in the last two weeks, we believe that implementing this strategic initiative, if fully achieved, will enable us to substantially extend our cash runway and invest in growth,” said Joe Davy, CEO of Banzai. “We are dedicated to managing costs efficiently while still advancing innovative products and maintaining the exceptional service our customers rely on, all without sacrificing growth. We will continue to invest in our software platform, sales and marketing and product development. We are confident that this strategic realignment will strengthen our competitive position and contribute to our long-term success.”

    About Banzai

    Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations:
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    http://www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    The MIL Network

  • MIL-OSI Economics: Samsung Celebrates ENERGY STAR Day with Facility Efficiency & Green Shipping

    Source: Samsung

    As we celebrate the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR Day on October 9 and Energy Awareness Month throughout October, Samsung Electronics America is proud to spotlight two significant milestones that reflect our unwavering commitment to sustainability. From energy-efficient operations to greener transportation methods, Samsung continues to lead by example in reducing our environmental impact. Our Logan, Utah facility recently earned the EPA’s ENERGY STAR Challenge for Industry recognition, and we’ve also joined the EPA’s SmartWay® Transport Partnership, both reflecting our dedication to creating a more sustainable future.
    Leading by Example: EPA Recognition for Energy Efficiency at Logan, Utah Facility
    In a major achievement aligned with the spirit of Energy Awareness Month, the Prismview – A Samsung Electronics Company commercial display manufacturing facility based in Logan, Utah, was recognized by the EPA for reducing its energy intensity by 10% in just one year, earning the prestigious ENERGY STAR Challenge for Industry designation. This challenge encourages industrial sites worldwide to reduce their energy intensity by 10% over five years. Samsung’s Logan site accomplished this goal far ahead of schedule, thanks to the efforts of our Workplace Operations and Facility Management teams, who developed and implemented energy demand mitigation strategies across our enterprise.

    MIL OSI Economics

  • MIL-OSI: Click Holdings Limited Announces Pricing of $5.6 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Oct. 09, 2024 (GLOBE NEWSWIRE) — Click Holdings Limited (“CLIK” or the “Company”), a Hong Kong-based human resources solutions provider primarily focusing on talent sourcing and the provision of temporary and permanent personnel to customers including accounting and professional firms, Hong Kong-listed companies, nursing homes, individual patients, logistics companies and warehouses, today announced the pricing of its firm commitment initial public offering of an aggregate 1,400,000 Ordinary Shares (the “Offering”). The Offering is priced at $4.00 per share (the “Offering Price”) for gross proceeds of $5.6 million to the Company, before deducting underwriting discounts and offering expenses.

    The Company has granted the underwriters an option, exercisable for 45 days from the closing of this Offering, to purchase up to an additional 210,000 Ordinary Shares at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering (the “Over-allotment”).

    The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “CLIK” on October 9, 2024. The Offering is expected to close on or about October 10, 2024, subject to the satisfaction of customary closing conditions.

    R.F. Lafferty & Co., Inc. (“Lafferty”), a full-service broker/dealer, is acting as the primary underwriter for the Offering. Revere Securities LLC (“Revere”), a full-service broker/dealer, is acting as the co-manager for the Offering. Dorsey & Whitney LLP, David Fong & Co, Beijing Dacheng Law Offices, LLP (Shenzhen) and Ogier are acting as U.S., Hong Kong, PRC, and BVI legal counsels to the Company, respectively. Wei, Wei & Co., LLP is acting as the independent accountants of the Company. VCL Law LLP is acting as the U.S. legal counsel to Lafferty and Revere for the Offering.

    The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-280522), as amended, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 30, 2024. The Offering is being made only by means of a prospectus, forming part of the registration statement. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. Copies of the final prospectus related to the Offering may be obtained, when available, from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, by phone at +1 212 293 9090 or by email at offerings@rflafferty.com; or Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by phone at +1 212 688 2350 or by email at contact@reveresecurities.com. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at http://www.sec.gov.

    This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Click Holdings Limited

    Click Holdings Limited is a human resources solutions provider, specializing in offering comprehensive human resources solutions in three principal sectors, namely (i) professional solution services, (ii) nursing solution services, and (iii) logistics and other solution services. We are primarily focused on talent sourcing and the provision of temporary and permanent personnel to customers. Our primary market is in Hong Kong and our diverse clientele includes accounting and professional firms, Hong Kong listed companies, nursing homes, individual patients, logistics companies and warehouses. We specialize primarily in placing professional accountants and company secretaries, registered nurses and healthcare workers, as well as other blue-collar workers, for direct hire and contract staffing roles. For more information, please visit http://www.clicksc.com.hk.

    FORWARD-LOOKING STATEMENTS

    Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Click Holdings Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

    For more information, please contact:

    offerings@rflafferty.com
    Equity Capital Markets
    R. F. Lafferty & Co., Inc.
    40 Wall Street, 27th Floor, 
    New York, NY 10005
    212.293.9090

    The MIL Network

  • MIL-OSI: SIMPPLE Ltd. Announces New Contracts and Partnerships in Australia and New Zealand

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 09, 2024 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced the closing of multiple contracts and strategic partnerships in Australia and New Zealand (ANZ). The contracts included agreements to provide:

    • an end-to-end integrated cleaning services and compliance solution incorporating workforce management, IoT sensors and robotics, at two international and one regional Australian airport, to the aviation services arm of a global Danish outsourcing company with annual revenue of over $11 billion;
    • a cleaning services and compliance solution, at five campuses of an Australian university, to the education services arm of that same Danish company;
    • a cleaning services and compliance solution, at a food manufacturing plant in Sydney, to the manufacturing services division of a global UK-headquartered facilities management services company with annual revenue of over $2 billion; and
    • a cleaning services and compliance solution, at a major retail centre in Sydney, for another division of that same UK-headquartered company.

    Aggregate revenue from these four contracts is projected at approximately $2.35 million.

    SIMPPLE’s recently completed strategic partnerships include five collaborations aimed at distributing SIMPPLE Robotics and software capabilities and building a service delivery, maintenance and support network across ANZ. These new partners include:

    • a provider of robotic solutions and services to the hospitality, retail and healthcare industries in Australia;
    • a Sydney-headquartered supplier of autonomous security robots and other technology solutions to major corporate and government customers in Australia;
    • a Sydney-headquartered retailer and wholesaler of cleaning equipment and supplies;
    • a Brisbane-headquartered supplier of cleaning, catering, hospitality, health and hygiene supplies to businesses in Australia; and
    • a supplier of A.I. robotic solutions in New Zealand.

    Spearheading the closing of these contracts and partnerships was the new leadership team at the recently established SIMPPLE Australia Pty Ltd subsidiary in Brisbane. This team includes Aloysius Chong, SIMPPLE’s former CEO relocated in February 2023 to Australia to serve as SIMPPLE Australia Pty Ltd’s Director of Brand and Product Strategy; James Yatras, appointed in February 2023 as SIMPPLE’s Head of Australia and New Zealand; and Greg Crisp, appointed in June 2024 as the Company’s Regional Sales Director for Australia and New Zealand.

    “These contracts and partnerships mark a significant step in our strategic expansion into the lucrative Australia and New Zealand markets,” said SIMPPLE Ltd CEO Norman Schroeder. “These agreements also highlight our Company’s capability to venture into a wide range of new sectors covering aviation, education, healthcare, and manufacturing – a significant expansion from our existing retail, institutions, and commercial office sectors.”

    The new agreements, he said, also stem from the unique position, held by SIMPPLE Australia Pty Ltd and its ANZ partners, of being that region’s only supplier of end-to-end facilities management solutions able to integrate software, robotics, ESG auditing and reporting, IoT sensors and other diverse data collection technologies into a single platform.

    This platform, he added, is built modular to accommodate small businesses, yet can be scaled up and/or down to meet the variable requirements of large enterprise-wide organizations.

    “Going forward,” said the CEO, “we believe the ANZ region offers SIMPPLE major growth potential. I am confident that our Australia Pty Ltd team is expertly positioned to drive this growth by providing targeted best of breed solutions to facility owners, operators, and service providers in this market.”

    Mr. Schroeder underscored the Company’s potential in the ANZ market by referencing SIMPPLE Australia Pty Ltd’s announcement, on September 12, that its new range of AI spot cleaning robots had received the Excellence Award (Innovation) for Large Equipment at the International Sanitary Supply Association (ISSA) Cleaning & Hygiene Expo in Sydney.

    According to recent data from Expert Market Research, the Australia facility management market was valued at $37.37 billion in 2023 and is projected to grow at a CAGR of 4.5% to reach a value of $56.93 billion by 2032. This growth, said the study, is expected to be driven by rising numbers of infrastructure development projects, increased focus on sustainability and cost optimization, and the growing need for outsourcing of technology integration services within facilities.

    A Mordor Intelligence report projected that the facilities management markets in Australia and New Zealand are expected to grow at a CAGR of 8.1% and 2.5%, respectively, from 2024 through 2029. Growth in Australia, said Mordor, is expected to be fuelled by multiple industries adopting integrated FM services models that can meet all core customer needs on a large scale, and by those FM models incorporating newer technologies allowing for intelligent buildings and work environments. Future New Zealand FM sector growth, said the report, will be spurred by increasing end-user awareness of the need for energy conservation and developed building infrastructure.

    “The possibilities for SIMPPLE in ANZ are plentiful,” concluded Mr. Schroeder. “We look forward to announcing further progress for this region in the near future.”

    About SIMPPLE LTD.

    Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices. 

    For more information on SIMPPLE, please visit: https://www.simpple.ai

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    For investor and media queries, please contact:
    SIMPPLE LTD.
    Investor Relations Department
    Email: ir@simpple.ai

    Visit the Investor Relation Website: https://www.investor.simpple.ai/

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Tel: (646) 893-5835
    Email: info@skylineccg.com  

    The MIL Network

  • MIL-OSI: Delaware State Dental Society Endorses Five iCoreConnect Products

    Source: GlobeNewswire (MIL-OSI)

    OCOEE, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) — iCoreConnect Inc. (NASDAQ: ICCT) (“iCore” or the “Company”), a leading provider of cloud-based software and technology solutions, announced a new endorsement agreement with the Delaware State Dental Society (DSDS). This partnership marks another milestone in iCoreConnect’s continued growth among state dental associations nationwide.

    With this endorsement, DSDS joins numerous other state dental associations that have recognized the value of iCoreConnect’s innovative solutions. iCoreConnect now holds over 180 product endorsement agreements across various states, solidifying its reputation as a trusted partner in the dental industry.

    Robert McDermott, CEO of iCoreConnect, commented, “DSDS, along with other state dental associations, plays a crucial role in advocacy, education, practice management, and public health initiatives. This endorsement highlights DSDS’s commitment to advancing the dental profession and enhancing patient care in Delaware.”

    The endorsed iCoreConnect products include:

    Dr. Tom Howley, Executive Director of DSDS, shared his enthusiasm for the collaboration, stating, “We are excited to announce this endorsement. iCoreConnect’s cutting-edge solutions enhance the productivity and efficiency of our members. Their proven success with state associations nationwide makes us eager to welcome them to Delaware.”

    iCoreConnect’s involvement in continuing education, networking, and practice management support positions it as a valuable partner for state dental associations. With its growing number of endorsements, the company now serves approximately 155,000 dental professionals across the U.S., using these endorsements as key tools for product distribution and lead generation.

    For more information about iCoreConnect or to schedule a demo, visit iCoreConnect.com.

    About iCoreConnect

    iCoreConnect Inc. is a market leader in cloud-based software and technology solutions designed to improve workflow productivity and profitability in the enterprise, healthcare and dental sectors. Through its innovative platform of applications and services, iCoreConnect helps organizations optimize their operations and achieve better business outcomes.

    About the Delaware State Dental Society

    The Delaware State Dental Society (DSDS) represents 80% of Delaware’s licensed dentists. The mission of DSDS is to advocate for the highest continuing education for member dentists as well as community engagement across the state of Delaware through coordinated volunteer programs.

    Forward-Looking Statements

    Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

    Investor Contacts:
    IR@icoreconnect.com
    888.810.7706, ext 5

    The MIL Network

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 08 10 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    ECKOH PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    08 OCTOBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 21,018,836 7.2337    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 21,018,836 7.2337    

    NOTE: 26,785 shares were transferred in by a discretionary client on 08/10/2024.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    10p ORDINARY SALE 23,435 40.26p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 09 OCTOBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI Security: Defense News: MSCPAC Bids Farewell to USNS Pecos

    Source: United States Navy

    SAN DIEGO — Military Sealift Command Pacific (MSCPAC) bids fair winds and following seas to the Military Sealift Command (MSC) fleet replenishment oiler USNS Pecos (T-AO 197) as it made its last departure from the San Diego Bay today. The ship will transit to the East Coast, where it will be deactivated and removed from service.

    Christened in 1989, Pecos served as part of the MSC fleet for 35 years. During its career, Pecos served in the Persian Gulf during both Operation Desert Storm and Operation Enduring Freedom.

    In 2006 Pecos deployed with the MSC Hospital Ship USNS Mercy (T-AH 19) for five-months, delivering aid and humanitarian assistance to the Pacific Islands and Southeast Asia, following the humanitarian assistance missions in the wake of the tsunami in Indonesia. Missions like this evolved into what is now known as the Pacific Partnership missions. These missions continue to provide medical and humanitarian assistance, while building international friendships throughout Southeast Asia.

    In 2011, following the deadly earthquake and tsunami in Japan, Pecos rendezvoused with United States Seventh Fleet flagship USS Blue Ridge (LCC-19) near Kyushu, Japan as part of Operation Tomodachi. Blue Ridge transferred 96 pallets of humanitarian assistance and disaster relief material to Pecos for delivery to the Essex Amphibious Group and Carrier Strike Group 5. The pallets consisted of water containers and water purification tablets, first-aid products, tarpaulins, blankets, and other supplies. During her support effort to Operation Tomodachi, Pecos completed nine underway replenishments and delivered more than 2.3 million U.S. gallons of fuel to other supporting ships.

    On November 28, 2018, the United States Navy sent Pecos and guided missile destroyer USS Stockdale (DDG 106) through the Taiwan Strait as a demonstration of the “U.S. commitment to a free and open Indo-Pacific.
    Most recently, Pecos provided logistics support to the multi-national maritime exercise, Rim of the Pacific 2024, delivering nearly 4 million gallons of diesel fuel and 2.2 million gallons of jet fuel through 36 underway replenishment events.

    “This ship and its crew have answered all bells, time and time again. ” said Capt. Micah Murphy, commander, Military Sealift Command Pacific (MSCPAC). “The ship’s longstanding success, highlighted by this year’s RIMPAC, is really a testament to the professional mariners abilities, dedication to duty, and relentless pursuit of quality customer service to the fleet. It is fitting that one of the longest tenured Masters in MSC, Captain Keith Walzak, was at the helm during the last phase of this ship’s prolific career, capping off a storied career for them both. While it is sad to see a ship’s service end, it is special to be here to say fair winds and following seas to a ship as rich in MSC history as Pecos. Her spirit will live on in the new John Lewis class of oilers that her crew embarks and brings to life.”

    Ahead of Pecos’ departure, Murphy and the MSCPAC team boarded the ship and took a moment to recognize members of the crew, for their outstanding support to the MSC mission, specifically to RIMPAC 2024, and to honor the retirement of Capt. Keith Walzak, Pecos’ civil service master, as he brings to end a 45-year career with MSC.

    “I have served on a lot of ships during my career, but Pecos will be the one I really remember,” Walzak said as he addressed the crew. “I might remember this ship, because it is my last, and will be foremost on my mind, but I think I will also remember it, because of the hard work and dedication of all of you. We have a real team here, and that is why we were able to work through a lot of the challenges we’ve had, and to do the great work we’ve done this summer. I am proud of each and every one of you, and I am proud to have served with you.”

    Walzak graduated from the United States Merchant Marine Academy in 1980 and was recruited directly into MSC. Over the course of his career, Walzak served 40 ship assignments, 30 as ship’s master. He is the Plank owner of USNS Butte (T-AE 27), USNS Mount Baker (T-AE 34), and USNS Cesar Chavez (T-AKE 14), the latter as the first master, something he considers a career highlight.

    “Looking over my whole career, I would have to say that one of the most memorable moments would have to be in 2012, standing on the dais with my wife, as USNS Cesar Chavez, the last-AKE built, was being christened and launched into San Diego Bay, as the first Master on the last T-AKE,” said Walzak.

    On behalf of the Secretary of the Navy, Murphy presented Walzak with the Civilian Meritorious Civilian Service Award for his, support to RIMPAC 2024.

    “In 45 years of service I have gotten two certificates from the Secretary of the Navy,” joked Walzak. “The first was my discharge from the Navy Ready Reserve, and this one, that I received today. I appreciate the recognition, and I’m proud to have had the opportunity to serve with MSC and to have had the long career that I’ve had. I’ve seen a lot, done a lot, and now I am ready to do whatever my wife wants me to do. She’s spent 41 years waiting for this day. We will travel about, visit family, and get in some relaxation time.”

    Pecos is one of the 15 ships of the Henry J. Kaiser class fleet replenishment oilers which are operated by Military Sealift Command. As the class ages out of the MSC fleet, it is being replaced by the new John Lewis class which includes USNS John Lewis (T-AO 205), USNS Harvey Milk (T-AO 206) and USNS Earl Warren (T-AO 207), all currently operating under MSC.

    MSC directs and supports operations for approximately 140 civilian-crewed ships that replenish U.S. Navy ships at sea, conduct specialized missions, preposition combat cargo at sea around the world, perform a variety of support services, and move military equipment and supplies to deployed U.S. forces. Celebrating its 75th anniversary in 2024, MSC exists to support the joint warfighter across the full spectrum of military operations, with a workforce that includes approximately 6,000 Civil Service Mariners and 1,100 contract mariners, supported by 1,500 shore staff and 1,400 active duty and reserve military personnel.

    MIL Security OSI

  • MIL-OSI Security: Defense News: Sailor Performs Lifesaving CPR on Freeway Accident Victim

    Source: United States Navy

    PORT HUENEME, Calif. — Information Systems Technician 2nd Class (IT2) Donovan Asberry, performed CPR on a crash victim on the I-5 freeway in Downey, potentially saving the man’s life. The incident occurred on August 19th 2024 when IT2 Asberry, driving home from work, noticed a car collide with the freeway median. After pulling over and observing the driver breathing abnormally, IT2 Asberry, alongside other concerned motorists, took immediate action to help.

    IT2 Asberry, who had a recent CPR certification, noticed the driver exhibiting unusual breathing patterns. “It was a deep breath followed by pauses. I hadn’t seen anything like it, not even in movies,” IT2 Asberry recalled. Acting quickly, he and another bystander worked together to break the car window, unlock the doors, and pull the driver to safety.

    Emergency responders arrived after 30 minutes of IT2 Asberry administering chest compressions. According to paramedics on the scene, the driver’s pulse was weak but present, and they credited IT2 Asberry’s quick thinking and persistence with helping keep the man alive.

    “I’m just glad I was there at the right time,” said IT2 Asberry , reflecting on the ordeal. “It’s a reminder of how important it is to be ready to help others when you can.”

    The crash occurred in Downey, impacting traffic on the busy freeway for hours as authorities cleared the scene. Witnesses described the incident as chaotic but were inspired by the efforts of civilians who intervened.

    IT2 Asberry’s actions are a testament to the value of CPR training, a skill that, as he learned, can make the difference between life and death.

    IT2 Asberry’s efforts serve as a powerful reminder of community responsibility and readiness, and highlighting how training can be crucial in emergency situations.

    MIL Security OSI

  • MIL-OSI Security: Defense News: USS Comstock returns to San Diego after Indo-Pacific deployment

    Source: United States Navy

    SAN DIEGO — The Whidbey Island-class dock landing ship USS Comstock (LSD 45) returned to homeport in San Diego, following a nearly four-month deployment to the U.S. 7th Fleet area of operations, Oct. 8.

    Along with its more than 400 Sailors, Comstock participated in multiple exercises and operations, displaying interoperability and the U.S. commitment to a free and open Indo-Pacific region.

    “The Sailors aboard Comstock performed their duty in an exemplary manner to support tasking in U.S. 7th Fleet,” said Cmdr. Byron Stocks, commanding officer of Comstock. “The mission execution afforded the opportunity to demonstrate joint force capability.”

    With a focus on joint operations, Comstock and its embarked units supported the America Amphibious Ready Group and the 31st Marine Expeditionary Unit (MEU) during advanced integrated training and MEU certification. Comstock also successfully integrated with motorized weapons company of 31st MEU and Combat Logistics Battalion 31.

    During the deployment, Comstock embarked two landing crafts utility from Naval Beach Group 7 to rehearse and demonstrate capability of the amphibious Navy’s shore connectors.

    Comstock also participated in Exercise Ssang Yong 24. During the decisive action phase of Ssang Yong, Republic of Korea and U.S. combined and joint forces conducted large-scale maneuvers from sea and air to showcase the overwhelming power of the alliance and its capability to carry out combined amphibious operations.

    Since 2012, the ROK and U.S. Navy and Marine Corps have regularly conducted Ssang Yong to enhance defensive posture on the Korean Peninsula while improving naval and amphibious capabilities.

    After Ssang Yong, Comstock transited home to San Diego following a nearly four-month deployment.

    When not at sea, Comstock Sailors had the opportunity to enjoy foreign cultures during port visits to Guam, Japan, and Republic of Korea.

    USS Comstock is homeported at Naval Base San Diego and assigned to Amphibious Squadron 1.

    An integral part of U.S. Pacific Fleet, U.S. 3rd Fleet leads naval forces in the Indo-Pacific and provides the realistic, relevant training necessary to flawlessly execute our Navy’s role across the full spectrum of military operations—from combat operations to humanitarian assistance and disaster relief. U.S. 3rd Fleet works together with our allies and partners to advance freedom of navigation, the rule of law, and other principles that underpin security for the Indo-Pacific region.

    For more information on Comstock, please visit https://www.surfpac.navy.mil/lsd45/

    MIL Security OSI

  • MIL-OSI Asia-Pac: New trade in services pact signed

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government and the Ministry of Commerce today signed the Second Agreement Concerning Amendment to the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (Amendment Agreement II).

    Chief Executive John Lee witnessed the signing of the new agreement by Financial Secretary Paul Chan and Deputy China International Trade Representative of the Ministry of Commerce Li Yongjie this afternoon.

    Scheduled to be implemented on March 1, 2025, the Amendment Agreement II introduces new liberalisation measures across several service sectors where Hong Kong enjoys competitive advantages, such as financial services, construction and related engineering services, testing and certification, telecommunications, motion pictures, television and tourism services.

    The Trade & Industry Department explained that the liberalisation measures take various forms, including removing or relaxing restrictions on equity shareholding and business scope in the establishment of enterprises, relaxing qualification requirements for Hong Kong professionals providing services, and easing restrictions on Hong Kong’s exports of services to the Mainland market.

    Most of the measures apply to the whole Mainland, while some of them are designated for pilot implementation in the nine Pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area, it added.

    The Chief Executive thanked the central government for its care and support for the Hong Kong SAR, as well as the Ministry of Commerce and relevant authorities for actively working towards the Hong Kong SAR Government’s proposal of further opening up the Mainland market to Hong Kong in trade in services.

    “The Amendment Agreement II introduces new liberalisation measures across different service sectors where Hong Kong enjoys competitive advantages, making it easier for Hong Kong service suppliers to establish enterprises and develop business on the Mainland, enabling more Hong Kong professionals to obtain qualifications to practise on the Mainland, allowing more of Hong Kong’s quality services to be provided to the Mainland market, and contributing to and serving the country’s development,” he said.

    “The Hong Kong SAR Government will continue to encourage different sectors of the community to leverage the unique advantages of ‘one country, two systems’ and join hands with their counterparts on the Mainland to promote the competitiveness of the professional services sector, in order to inject new impetus to economic development and achieve high-quality development.”

    Speaking at a media session after the signing ceremony, the Financial Secretary pointed out that the further relaxation under CEPA will enable Hong Kong firms and professional sectors to get into the Mainland market a lot easier.

    “Depending on specific sectors, the progress will be different. But I am sure for the professional sectors, people are very keen to expand their foothold into the Mainland by using the Greater Bay Area as the starting point. So this will have a very positive impact on Hong Kong,” Mr Chan said.

    An example of the measures regarding construction and related engineering services is that Hong Kong general practice surveying enterprises will be allowed to provide professional services in Guangdong Province through filing of records.

    For tourism services, there will be measures to optimise the implementation of the 144-hour visa-exemption policy for foreign group tours entering Guangdong from Hong Kong.

    Mr Chan said the Government will be communicating with the different sectors and working with the different stakeholders to move as fast as possible, to materialise the various implementation details, so that the businesses and professionals in Hong Kong would find it useful and easier to expand into the Mainland.

    Furthermore, the department noted that the Amendment Agreement II brings institutional innovation and collaboration enhancement, including the addition of allowing Hong Kong-invested enterprises to adopt Hong Kong law and allowing Hong Kong-invested enterprises to choose for arbitration to be seated in Hong Kong.

    It also added commitments regarding domestic regulation to ensure the transparency, predictability and efficiency of regulations on trade in services.

    In addition, the new agreement removed the period requirement on Hong Kong service suppliers to engage in substantive business operations in Hong Kong for three years in most service sectors.

    This will allow Hong Kong startups to enjoy the preferential treatment under CEPA in a shorter time and attract enterprises and talent from around the world to establish a presence in Hong Kong and explore the Mainland market, the department noted.

    MIL OSI Asia Pacific News

  • MIL-OSI: StepStone Private Wealth Surpasses $5 Billion in AUM Milestone

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) — StepStone Private Wealth (“SPW”) today announced it has surpassed $5 billion in global assets under management, making it one of the fastest growing private market asset managers serving financial professionals and their high net worth clients.

    Powered by StepStone Group, one of the largest global institutional allocators to the private markets, SPW was founded in 2019 to expand access to these assets for the private wealth market.

    “In 2019, the mission of our founding team was to design a platform where financial professionals could more easily access private markets, reducing the friction and burden of investing in these opportunities,” said Bob Long, CEO of StepStone Private Wealth. “Reaching $5 billion in AUM in five years demonstrates that advisors are eager to allocate client assets to portfolios curated by an organization as globally respected as StepStone – comprised of world-class expertise and top talent across investing, operations, data & analytics, legal, marketing and distribution. We expect that our team, with their focus on bringing convenience, transparency and efficiency to private markets investing for our clients and prospective clients, will be central to our success as we continue our global expansion.”

    SPW launched its first registered closed-end evergreen fund – the StepStone Private Markets Fund or SPRIM, ticker: XPMIX – in 2020, allowing accredited investors to gain exposure to private equity, real assets, and private debt through one convenient vehicle. SPRIM transitioned to daily admittance and daily valuation in 2023, among the first in the industry to introduce a daily NAV for a multi asset-class private markets fund. As of September 30, 2024 the fund now stands at $3.1 billion of AUM and has produced an annualized return of 23.08% since inception.

    The firm has since expanded its investment offerings to include venture capital and growth equity through the StepStone Private Venture and Growth Fund, or SPRING; infrastructure through the StepStone Private Infrastructure Fund or STRUCTURE, ticker: STRUX; and private credit through the StepStone Private Credit Income Fund or CRDEX, ticker: CRDEX. SPW offers offshore options for each of its funds for investors outside the US.

    “We are grateful for the support of our distribution partners across the registered investment advisor, independent broker dealer, wire house, and international channels,” said Neil Menard, Partner & President of Distribution at StepStone Private Wealth. “Through their collaboration, we have been able to reach tens of thousands of new investors who have been seeking private markets solutions like ours. We look forward to working in partnership with more firms and their advisors across the globe to advance their ability to provide clients with institutional-caliber allocations to private markets portfolios.”

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2024, StepStone was responsible for approximately $701 billion of total capital, including $170 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    +1 (212) 351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    +1 (203) 682-8268

    IMPORTANT INFORMATION

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the SPRIM, SPRING, STRUCTURE, and CREDX prospectus, a copy of which may be obtained from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. An investor should read the prospectus carefully before investing.

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance shown is net of fees. For the most recent month end performance please call 704.215.4300 or visit stepstonepw.com.

    An investment in the Funds involve risks. The Funds should be considered speculative investments that entail substantial risks, and a prospective investor should invest in the Funds only if it can sustain a complete loss of its investment. Fund shares are illiquid and appropriate only as a long-term investment. There is no secondary market for the Funds’ Shares and the Funds expect that no secondary market will develop in the foreseeable future. Investments may consist of loans to small and/or less well-established privately held companies that have reduced access to the capital markets, resulting in diminished capital resources and the ability to withstand financial distress. While the Fund provides transparent disclosure of structure, strategy, holdings, and financial condition, the valuation of the Fund’s investments in Private Markets Investment Funds is ordinarily determined based upon valuations provided by the Investment Managers on a quarterly basis. A large percentage of these securities do not have a readily ascertainable market price and are fair valued by the Investment Manager subject to future adjustment or revision. Please see the prospectuses for details of these and other risks.

    The Funds are distributed by UMB Distribution Services, LLC which is not affiliated with StepStone Group.

    The MIL Network

  • MIL-OSI United Kingdom: Cash payments withdrawn from city council car parks Lancaster City Council is to temporarily remove cash payments from most of its car parks following a string of thefts and damage to its pay and display machines.

    Source: City of Lancaster

    Lancaster City Council is to temporarily remove cash payments from most of its car parks following a string of thefts and damage to its pay and display machines.

    One of the damaged pay and display machines

    Ten machines have been damaged in car parks across Lancaster and Morecambe since the end of August, with four of these coming in just the last week. On each occasion the cash boxes attached to the machines have been cut open and the coins removed.

    It’s estimated that the cost of replacing the machines, along with the theft of the coins inside the machines, brings the total loss to the taxpayer to around £40,000.

    To prevent any more machines being damaged while the police investigate the thefts, the council has taken the decision to remove the coin boxes from all of its machines except at St Nics in Lancaster, which is locked overnight.

    Customers are instead being asked to pay by card or via the RingGo system.

    Councillor Jean Parr, cabinet member with responsibility for planning and placemaking, said: “We know that this decision will be disappointing for those who like to pay by cash, but we have no other option while a gang of thieves is actively targeting our car parks. Each time a machine is damaged there’s a cost to replace it.

    “Hopefully the police will be able to catch the culprits and we will be able to resume normal service as soon as possible.

    “In the meantime, we’d ask people to be patient and if anyone has any information about who may be responsible, please contact the police.”

    Motorists are reminded that paying for parking at all the councils pay & display car parks is still required and card payments and RingGo is still available.

    Non-payment of parking fees may result in a penalty charge notice being issued.

    Last updated: 09 October 2024

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Isle of Wight Carers Support Service, share your experience 9 October 2024 carer survey, support services

    Source: Aisle of Wight

    During 2025 the Isle of Wight Council will be renewing its contract to provide information, advice, guidance and support for unpaid carers across the Isle of Wight.

    We want to make sure that the views of local unpaid carers, about the support they need in this area help us to shape theses services moving forward. If you are, or were, or are likely to become and unpaid carer, the council would like to hear from you. Your experience, knowledge and comments are invaluable.

    All you need to do to share your thoughts is to complete a very short survey which can be found at Isle of Wight Carers Support Service – User Experience Survey 2024  The survey should take 5 – 10 minutes to complete and all feedback will be taken on-board and considered to shape the service plan. The closing date for the survey is Saturday 30 November. If you would prefer a paper version of the survey this can be arranged by contacting Liz.Hennessy@iow.gov.uk

    Laura Gaudion, director of adult social services ‘’The Isle of Wight Council recognises unpaid carers as the ‘quiet heroes’ in our Island’s community and want to ensure that they have the help and support to enable them to carry out their caring responsibilities while improving and protecting their own wellbeing.  We want to make sure that the carers services we put in place for local people are of the highest quality so that carers on the Island receive the best possible support to enable them to look after the people they care for.’’

    Carers who would like to discuss views or receive help to complete this survey can attend a public meeting and drop-in session on Tuesday 22 October between 2pm and 5pm at the Riverside Centre, The Quay, Newport, Isle of Wight PO30 2QR.

    MIL OSI United Kingdom

  • MIL-OSI Economics: Samsung Celebrates ENERGY STAR Day with Facility Efficiency & Green Shipping

    Source: Samsung

    As we celebrate the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR Day on October 9 and Energy Awareness Month throughout October, Samsung Electronics America is proud to spotlight two significant milestones that reflect our unwavering commitment to sustainability. From energy-efficient operations to greener transportation methods, Samsung continues to lead by example in reducing our environmental impact. Our Logan, Utah facility recently earned the EPA’s ENERGY STAR Challenge for Industry recognition, and we’ve also joined the EPA’s SmartWay® Transport Partnership, both reflecting our dedication to creating a more sustainable future.
    Leading by Example: EPA Recognition for Energy Efficiency at Logan, Utah Facility
    In a major achievement aligned with the spirit of Energy Awareness Month, the Prismview – A Samsung Electronics Company commercial display manufacturing facility based in Logan, Utah, was recognized by the EPA for reducing its energy intensity by 10% in just one year, earning the prestigious ENERGY STAR Challenge for Industry designation. This challenge encourages industrial sites worldwide to reduce their energy intensity by 10% over five years. Samsung’s Logan site accomplished this goal far ahead of schedule, thanks to the efforts of our Workplace Operations and Facility Management teams, who developed and implemented energy demand mitigation strategies across our enterprise.

    MIL OSI Economics

  • MIL-OSI: IDEX Biometrics ASA’s extraordinary general meeting held on 9 October 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 9 October 2024.

    112.2 million shares or 25.47% of the share capital was represented at the meeting.

    All proposals on the agenda were adopted in accordance with the proposals of the Company’s board of directors, including the approval of Tranche 2 of the private placement, the subsequent offering and the warrants issuance, all as announced on 17 September 2024.

    For further information contact:
    Marianne Bøe, Head of Investor Relations
    E-mail: ir@idexbiometrics.com
    Tel: +47 67 83 91 19

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit http://www.idexbiometrics.com

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI: Alation Unveils AI Governance Solution to Power Safe and Reliable AI for Enterprises

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) — Alation Inc., the data intelligence company, today launched its AI Governance solution to help organizations realize value from their data and AI initiatives. The solution ensures that AI models are developed using secure, compliant, and well-documented data. With capabilities such as lineage for AI auditability, AI documentation, data discovery and custom tagging, and data quality flags, organizations can confidently accelerate AI development, mitigate risks, and optimize their AI investments for business impact.

    As regulatory demands rise and data environments grow more complex, organizations struggle to scale AI applications—including machine learning (ML) and generative AI (GenAI)—beyond proof-of-concept stages. Despite growing adoption, research from McKinsey shows only 11% of organizations have successfully scaled these initiatives, largely due to challenges in data governance, compliance, and security. New and evolving regulations, such as GDPR, the EU AI Act, and frameworks like the OECD AI Principles and NIST AI Risk Management Framework, further complicate governance requirements.

    Alation’s AI Governance solution equips organizations with trusted, compliant data and the visibility to confidently scale AI initiatives while adhering to governance policies. By cataloging training datasets, LLM prompts, AI models, and API endpoints in a unified platform, Alation ensures traceability across the AI ecosystem, enabling compliance and fostering collaboration. This transparency mitigates AI risks by allowing teams to trace errors, correct biases, and maintain accountability throughout the AI lifecycle. With curated features ensuring data quality and best practices like model card documentation, Alation streamlines AI development, accelerates time-to-value, and delivers governed collaborative AI outcomes. By reinforcing trust and explainability, Alation helps enterprises future-proof and centralize their AI efforts, driving measurable impact.

    “Alation is critical to increasing the confidence and the value of our data, providing a single source of truth that drives informed decision-making across the organization,” said Ilya Gilin, Leader of Data and AI/ML Governance at Interac. “As we scale our AI initiatives, Alation delivers the transparency, traceability, and governance needed to build, document, and validate analytical models confidently. With features like data quality flags and lineage for AI auditability, we can ensure our model inventory is accurate and timely while maintaining compliance and operational excellence. By transforming data into a strategic asset, Alation fuels innovation and future-proofs our data governance program.”

    “Alation delivers critical guardrails required to help keep AI initiatives safe, ethical, and compliant,” said Stewart Bond, Vice President of Data Intelligence and Integration Software Research at IDC. “Alation helps enterprises find, understand, and trust their data and now brings this expertise to AI—now a top boardroom priority. Alation’s AI Governance solution equips data and business teams to track and validate data before it feeds into AI models while supporting model development, documentation, and validation. By providing a trusted platform, Alation enables organizations to deploy and scale reliable, auditable AI, ensuring compliance, mitigating risks, and driving measurable, AI-driven business outcomes.”

    “The potential for AI to revolutionize industries—from preventing financial fraud to accelerating drug development—is immense, but realizing that potential and driving true business value depends on trusted, high-quality data,” said Satyen Sangani, CEO and co-founder of Alation. “Alation’s AI Governance solution ensures AI initiatives are built on secure, compliant, and transparent data, enabling faster innovation with confidence. As enterprises continue to invest in AI infrastructure to scale large models, Alation turns those investments into real-world applications that deliver measurable ROI, reduce risk, and scale AI safely and ethically—unlocking significant business value.”

    Alation’s AI Governance solution enables organizations to confidently scale AI initiatives and drive measurable business outcomes by leveraging:

    • Accurate Datasets for Trusted Models: Alation equips data scientists, ML experts, and AI engineers with trusted, compliant, contextual data. By leveraging Alation’s Intelligent Search and custom tags, users can quickly locate and tag relevant and compliant datasets needed to build trusted AI models, ensuring a strong foundation for AI initiatives.
    • Streamlined AI Documentation and Collaboration: Alation provides a single source of truth for documenting and managing AI models using model card templates. By centralizing collaboration within the AI Governance solution, teams can collaborate in the context of specific models, ensuring unified visibility across all stakeholders. This promotes governance, compliance, and the efficient discovery and sharing of AI/ML models across the enterprise, driving operational efficiency and transparency.
    • Auditable AI Lineage and Traceability: Alation delivers end-to-end lineage from datasets to AI models, offering full visibility into the AI lifecycle. By cataloging training datasets, LLM prompts, AI models, and output data in a single source of truth, Alation ensures traceability for internal stakeholders and auditors. This enables organizations to diagnose issues, enforce compliance, and maintain trust in AI systems, embedding safety, ethics, and governance throughout the entire process.
    • Compliance and Risk Mitigation: Alation’s AI and data governance framework flags non-compliant datasets and ensures AI models are built on reliable, governed data. This mitigates operational risks, prevents costly errors, and safeguards data integrity—ensuring organizations meet the highest regulatory standards while driving innovation.
    • AI Readiness Accelerator: Alation’s Expert Services offering accelerates AI adoption by providing expert guidance and best practices for model card development. Customers can also engage system integrators from the Alation ecosystem to implement these practices, ensuring they are prepared to scale AI initiatives and deliver measurable business impact. 

    To learn more, read our blog, AI Governance Best Practices: A Framework for Data Leaders

    Register for the webinar, Building Trust in AI: Best Practices for AI Governance from IDC’s Stewart Bond, on October 23, 2024, at 8 AM PT. Gain expert insights from Stewart Bond, IDC’s Vice President of Data Intelligence and Integration Software Research, and David Chao, CMO of Alation, on navigating AI governance challenges, improving AI safety, and harnessing trusted data to drive successful AI initiatives.

    About Alation
    Alation is the data intelligence company. Nearly 600 global enterprises — including 40% of the Fortune 100 — rely on Alation to realize value from their data and AI initiatives. Customers such as Cisco, DocuSign, Nasdaq, Pfizer, and Samsung trust Alation’s platform for self-service analytics, cloud transformation, data governance, and AI-ready data, fostering data-driven innovation at scale. Headquartered in Redwood City, California, Alation has been recognized five times by Inc. Magazine as one of the Best Workplaces. To learn more, visit http://www.alation.com

    Media Contact
    Lauren Lloyd
    Director, Corporate Communications
    541-490-6115
    lauren.lloyd@alation.com

    The MIL Network

  • MIL-OSI: Nokia and Furukawa Electric LatAm expand partnership in Brazil to reach data center market

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Furukawa Electric LatAm expand partnership in Brazil to reach data center market

    • Security and automation designed for the AI era are focus of new phase of partnership, designed for data centers of all sizes in Brazil.
    • Solutions immediately available for Brazilian market bring together Nokia’s modern data center automation platform and Nokia DDoS attack detection and mitigation software.
    • Existing partnership between the companies to commercialize advanced passive optical network (POL) technologies continues throughout Latin America.

    9 October 2024
    São Paulo, Brazil – Nokia and Furukawa Electric LatAm today announced they have expanded their partnership to immediately bring high-performance solutions in data center automation to Brazil. Partners since 2022, the two companies will also continue to offer advanced passive optical network technologies to the Latin American business market.

    Furukawa will now offer Nokia’s Data Center Fabric solution, which includes high-performance data center switching platforms, running Nokia SR Linux, a uniquely open, extensible and resilient Network Operating System and managed by Nokia Event-Driven Automation (EDA), a modern data center network automation platform that combines speed with reliability and simplicity and provides guardrails that detect errors caused by automation.

    Roberto Kihara, General Sales Manager for Furukawa Electric LatAm, said: “We are delighted to be able to extend our partnership with Nokia to offer the most advanced passive optical network technology available. The POL market is very hot in Latin America and we have a lot to achieve together in the region’s data center market. Brazil is a promising market and exemplary in terms of investment volume and demand for automation solutions.”

    Juan Pablo Anadon, Head of Enterprise, Webscale and Partners Sales for Latin America, Network Infrastructure at Nokia, said: “Together with Furukawa Electric LatAm, we are committed to bringing cutting-edge data center technology to the Latin American business market quickly. Our new EDA platform, developed for the AI era, simplifies data center management and can cut down operational efforts up to 40%. Part of our Data Center Fabric solution, EDA is now available in Brazil just two weeks following its global launch, allowing us to work towards our goal with Furukawa to support and advance data center networks in Latin America.”

    Nokia is helping cloud builders worldwide to build modern data center networks that are highly reliable, secure and easy to operate – which is essential to meet the growing demands of AI workloads worldwide.

    Resources and additional information
    Webpage: Nokia – Event-Driven Automation (EDA)
    Webpage: 7220 Interconnect Router for Data Center Fabric
    Webpage: 7750 Service Router
    Webpage: Deepfield Defender
    Press release: Nokia and Furukawa Electric LatAm partner to accelerate Optical LAN in Latin America

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Furukawa Electric LatAm
    Furukawa Electric Latam is a communications infrastructure solutions manufacturer with headquarters in Curitiba/PR and other plants in Sorocaba/SP and Santa Rita do Sapucaí/MG, as well as optical cable factories in Berazategui, Argentina, and Mexicali, Mexico.

    With a comprehensive portfolio of communication infrastructure solutions, it serves diverse markets such as data centres, industries, offices, operators and services, among others, at all application levels.

    Furukawa Solutions brand is the result of the union of various development, production and support centres distributed around the world, relying on the solidity of the Furukawa Electric group, which has been operating globally for over 135 years, offering world-class solutions with local support and services. With a strong commitment to society, it provides infrastructure for life.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Nokia Americas
    Email: lygia.torelli@nokia.com

    Furukawa Electric Latam
    Email: andreia.rodrigues@agenciafr.com.br

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    Follow Furukawa on social media
    Linkedin

    The MIL Network

  • MIL-OSI: OnStation Welcomes Former DOT Chief Mack Long to Drive Public Sector Adoption

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 09, 2024 (GLOBE NEWSWIRE) — OnStation, the leading provider of digital stationing solutions for the heavy highway industry, today announced the appointment of Mack Long as its new Strategic Advisor.

    Mack brings over 30 years of experience working for both contractors and Departments of Transportation. Previously, he served as the Director of the Montana Department of Transportation as well as President and General Manager of Wyoming’s JTL Group. Mack is a recognized expert in the industry and has served as the Chairman of the Committee on Construction for American Association of State Highway and Transportation Officials (AASHTO). In his capacity as strategic advisor, Mack will guide OnStation relationships with public sector officials, research, and grant funds.

    Throughout his career, Mack has been passionate about putting the right technology into the hands of road crews, which aligns with the OnStation corporate mission. “OnStation is the best tool out there for both the DOTs and contractors to make sure their projects get built right. It’s the critical tool that connects every road worker with the information they need to be productive and safe,” said Long.

    CEO Patrick Russo noted how the addition of Mack Long deepens OnStation’s value proposition for DOT and contractor teams who often work side by side on the same projects. The app allows team members to instantly find their live digital station and offset reading, drop flags at specific locations, attach images, send chat messages, and share with colleagues across the entire project.

    “OnStation focuses on providing a digital location to every worker on a jobsite to help make their jobs easier and safer. We solve challenges roadway crew experience daily by aligning the needs of DOT project owners and the contractor community, so everyone derives increased value from digital stationing. Mack’s experience on both sides of road construction project teams will help guide us towards fulfilling this vision. It is awesome our company is attracting folks like Mack, and I am excited to learn from him,” said Russo.

    For more information about OnStation and its solutions, please visit http://www.onstationapp.com

    About Mack Long

    Mack was born in Billings, Montana, where he grew up and raised his own family. He attended Montana State University (MSU) in Bozeman, Montana, and graduated in 1986 with a Bachelor of Science in Business Management. After college, Mack worked in Bozeman where he met and married his wife, Karen, in 1990. Mack returned to MSU to earn a Construction Engineering degree. Later, he and Karen moved to Texas where Mack worked for Peter Kiewit & Sons construction and engineering firm. While in Texas, Mack and Karen raised their family and welcomed their son, Nathon to their family.

    In 1995, they moved back to Billings and Mack went to work for the family construction company, JTL Group, Inc. Shortly after moving back, their daughter was born. The family moved to Casper, Wyoming in 1998 where Mack became the President and General Manager of JTL Group, Wyoming. In 2002, Mack moved into JTL Group’s main administrative office and worked with his father, Joel, in Billings. JTL Group, Inc. was acquired by MDU Resources Group Inc. in 1999. When Joel retired in 2003, Mack became the President and Regional Manager for Knife River Corp, Inc., an MDU Resources division, until he retired in 2009.

    Mack has been the owner and partner in business ventures over the past 10 years and his experience in the construction field has been wide and varied across airport reconstruction, highways, utilities work, and major industrial plant construction. In 2021 Governor Greg Gianforte appointed Mack to be the Director of the Montana Department of Transportation. Mack proudly served in this role and was asked to be the Chairman of the Committee on Construction for AASHTO. Mack retired in April of 2024 to spend more time with his wife.

    About OnStation

    OnStation is a collaborative digital stationing platform that offers location-based project records from bid to close. Specifically designed for the heavy highway industry, OnStation’s mobile app centralizes communication, boosts productivity, enhances worker safety, and improves project quality. Users benefit from live jobsite stationing, milepost, and LRS capabilities. They can overlay design layers on the project map and communicate via a custom chat platform that organizes and records project events at their locations. OnStation is available on both the Apple App Store and Google Play Store and is supported on all desktop systems.

    Contact

    Jessica Kodrich
    jkodrich@onstationapp.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e4dccfb6-c5d1-4af4-851b-79ec1f2b4e36

    The MIL Network

  • MIL-OSI: Decision of the Management Board of Šiaulių Bankas AB on acquisition of own shares

    Source: GlobeNewswire (MIL-OSI)

    On 9 October 2024, the Management Board of Šiaulių Bankas AB (hereinafter – the Bank), implementing the decision of the Bank’s Ordinary General Meeting of Shareholders (29 March 2024) on the acquisition of the Bank’s own shares decided to buy back 6,000,000 shares of the Bank (ISIN code LT0000102253):

    • Up to 4,254,886 shares, for reduction of the Bank capital;
    • Up to 1,745,114 shares, for employees of Šiaulių Bankas Group as part of the deferred variable remuneration.

    Shares will be purchased on the Nasdaq Vilnius tender offer market under the following terms:

    • Share purchase starts on 10 October 2024;
    • Share purchase ends on 18 October 2024;
    • The date of settlement of the tender offer is on 21 October 2024;
    • Maximum number of shares to be acquired – 6,000,000;
    • The total maximum value of the shares to be acquired is 4.98 million euros;
    • Maximum purchase price is set at EUR 0.83 per share;
    • The acquisition price will be determined using a Dutch auction, meaning all transactions will be carried out at a single price. If fewer shares are offered in the auction than the amount to be purchased, the transactions will occur at the maximum price. If more shares are offered, the orders will be executed at the lowest price at which the full required amount can be purchased.

    “We are launching a two-stage process for buying back our own shares. In the first phase, we will create a liquidity event for investors wishing to sell all or part of their shares. In the second phase, which will begin in November, after the announcement of the Bank’s third-quarter results, shares will be repurchased on the open market. With this share buyback strategy, we believe we will achieve the best results, ensuring a high return for shareholders and increasing the Bank’s attractiveness to investors,” says Tomas Varenbergas, Head of Investment Management Division of Šiaulių Bankas.

    On 15 August 2024 the Bank received permission from the European Central Bank (ECB) to buy back up to 13,745,114 its own shares.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network

  • MIL-OSI: FloQast CEO Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk Publish New Book to Empower Controllers and Accounting Teams

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 09, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, today announced the release of “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value,” a new book co-authored by FloQast CEO and Co-Founder Mike Whitmire and Accounting Operations Evangelist Stefan van Duyvendijk. Available on the Amazon Kindle Store starting October 9, the book offers critical insights for accounting professionals as they navigate a rapidly changing business landscape.

    Controllers today face increasing pressure to move beyond traditional accounting responsibilities and embrace a more strategic, operational role within their organizations. “Shift Happens” explores this transformation, providing a roadmap for controllers and accounting teams to elevate their influence and steer organizational strategy, particularly during periods of economic uncertainty and business volatility.

    “Shift Happens” draws from the real-world experiences of Whitmire, van Duyvendijk, and other finance leaders at top-tier organizations to deliver actionable advice for controllers looking to position themselves as operational leaders. By adopting a mindset that balances financial expertise with strategic decision-making, controllers can help their companies thrive in today’s complex and fast-paced environment.

    “The controller’s role is changing fast,” said Mike Whitmire, co-founder and CEO of FloQast, CPA. “Accountants understand a company’s finances better than anyone, which puts them in a unique position to help shape business strategy with real data and insights. With today’s economic pressures and talent shortages, businesses can’t afford to overlook this expertise. Our book gives controllers and their teams the tools they need to step up and make a real difference.”

    Stefan van Duyvendijk echoes Whitmire’s sentiment: “Controllers already have the skills and insights needed to drive operational success, but too often they are limited to financial reporting. With an operational mindset, they can expand their influence, bringing valuable insights to the table that impact the entire organization.”

    “Shift Happens” empowers controllers and accounting teams to embrace this broader scope, teaching them how to bridge the gap between accounting functions and business operations. The book provides practical guidance on how to navigate complex financial regulations, communicate effectively with senior executives, and manage cross-functional teams.

    Earn 10 CPE/CPD Credits with FloQademy!

    As part of its mission to provide continuous education to accounting professionals, FloQast is offering readers the opportunity to earn 10 CPE/CPD credits through FloQademy. Head to floqademy.floqast.com/shift-happens to claim your credits and explore other informative and entertaining courses designed to enhance your accounting expertise.

    About the Authors:

    Mike Whitmire is the CEO and co-founder of FloQast, which he established in 2013 to address critical inefficiencies in accounting operations. With a bachelor’s degree in accounting from Syracuse University, Whitmire’s early career included roles at Ernst & Young and Cornerstone OnDemand, where he contributed to a successful IPO. In addition to “Shift Happens,” Whitmire is also the author of the Amazon best-selling book “Controller’s Code: The Secret Formula to a Successful Career in Finance.” Outside of his work in the accounting industry, Whitmire is an avid woodworker and a dedicated Los Angeles Dodgers fan.

    Stefan van Duyvendijk serves as the Accounting Operations Evangelist at FloQast. Prior to joining FloQast, van Duyvendijk held corporate controller positions at Kodiak Cakes and Skullcandy, building extensive experience in financial operations and regulatory compliance. His expertise includes ASC 606 implementation, close process improvements, business combinations, and financial statement audits. When he’s not advocating for accounting innovation, Stefan enjoys skiing the slopes around his home in Utah.

    Book Availability and Pricing: “Shift Happens: The Rise of the Operational Mindset and How Controllers Can Drive Real Value” will be available on the Amazon Kindle Store starting October 9 for a limited-time introductory price of $2.99 for the Kindle edition and $7.75 for the paperback.

    About FloQast

    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    Contact:
    Kyle Cabodi
    FloQast Director of Corporate Communications
    kyle.cabodi@floqast.com

    The MIL Network