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Category: Transport

  • MIL-OSI Global: Gulf States want no winner in the conflict between Israel and Iran

    Source: The Conversation – UK – By Mira Al Hussein, Research Fellow at the Alwaleed Centre for the Study of Islam in the Contemporary World, University of Edinburgh

    When Israel assassinated a number of senior Iranian military officials and nuclear scientists on June 13, there was an initial euphoria among some ruling elites in the Gulf. They saw it as a sign of Iran’s diminishing regional threat.

    Relations between Gulf states and Iran have been fraught since 1979 when Iran’s former supreme leader, Ayatollah Ruhollah Khomeini, vowed to export the revolution that had brought him to power that same year. This set off decades of ideologically charged proxy conflicts, with Gulf states viewing Iran as the principal destabilising force in the Middle East.

    But the recent euphoria has given way to unease as the push by Israel – and now the US – for regime change in Tehran has become clear. Following US strikes against Iranian nuclear sites over the weekend, US president Donald Trump has floated the idea of overthrowing the government to “make Iran great again”.

    Retaliatory attacks by Iran on American forces at bases in Qatar and Iraq have now brought the conflict closer to home. The strikes have prompted Gulf states to close their airspaces, while Qatar has warned of its right to respond directly “in a manner equivalent with the nature and scale” of Iran’s attack. What effect the attacks will have on the involvement of Gulf countries in the conflict will soon become clear.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    The Gulf states have long worked to keep Iran’s influence in check without attempting to topple its leadership. They have sought rapprochement, with Saudi Arabia and Iran reestablishing diplomatic ties in 2023 and reopening embassies in each other’s countries.

    Gulf leaders view the alternative to warmer relations – be it a chaotic regime change or a globally interconnected or expansionist Iran – as possibly even more destabilising for the Gulf region and its economic ambitions.

    Iran, for all its regional adventurism, is still regarded in the Gulf as an organic part of the Middle East. It is a civilisation with deep, ancient roots and an uninterrupted history of co-existence and cultural co-creation within the Islamic world.

    This stands in contrast to how Israel is perceived. Some Gulf states have established diplomatic relations with Israel since 2020, under the framework of the Abraham Accords. But there remains a wider perception – particularly among citizens of these countries – that Israel is an imposed colonial presence whose threat to regional stability is growing.

    Iran has hardly been a benign actor. Its government has played a destabilising role across the Arab world, from propping up the ruthless regime of Bashar al-Assad in Syria to supporting armed groups in Iraq, Lebanon and Yemen. And now it has attacked the sovereign territory of two Gulf countries.

    It also continues to occupy three islands that are claimed by the United Arab Emirates: Greater Tunb, Lesser Tunb and Abu Musa. Iran’s interventions have left behind a trail of sectarianism, militarisation and humanitarian crises.

    Yet Gulf leaders separate the actions of the Iranian regime from the people of Iran. Repeated waves of protests within Iran, particularly the women-led uprisings of recent years, have reinforced the sense that ordinary Iranians are themselves victims of a repressive regime.

    There’s empathy within the Gulf for Iranian society, coupled with recognition of the historic and cultural ties that bind the region and its people. Saudi Arabia’s crown prince, Mohammed bin Salman, described Iran as a “neighbour forever” in 2022, and with this neighbourliness comes a preference for stability over collapse.

    Gulf states would rather not see Iran plunge into chaos. This could unleash humanitarian crises and refugee flows that would be morally troubling and economically disastrous for the region.

    No decisive winner

    While there is no appetite within the Gulf for regime change in Tehran, views expressed in government-controlled media suggest there is interest in seeing a political transformation in Israel. It seems to me that the Gulf states would prefer neither Iran nor Israel to emerge as a decisive winner in this military confrontation. A prolonged war of attrition weakens both, reducing the threats they pose to Arab sovereignty and regional stability.

    Such a conflict could result in political change in Israel that sees the end of oppressive policies against Palestinians and curbs to regional aggression. This would ease the political cost of normalising relations with Israel. Current efforts to integrate Israel into the regional order place Gulf leaders in an awkward position, appearing to side with a state that routinely violates Arab rights.

    A regime change in Iran, particularly one that produces a nationalist, pro-western government, would present new complications for the Gulf. A more internationally connected and economically ambitious Iran could overshadow Gulf economies and revive old territorial disputes.

    A prolonged conflict would, of course, raise the prospect of the Strait of Hormuz emerging as a flashpoint. A closure, which Iran is reportedly discussing as a possibility, would disrupt one-fifth of the world’s oil supply and plunge global markets into turmoil.

    Neither side may actively seek this, but the risk of miscalculation is high. For Gulf economies, whose futures are tied to global energy markets and diversification projects, such an outcome would be catastrophic.

    However, at least for now, Gulf countries seem relatively calm about the prospects of a closure. They issued a series of statements on June 22, expressing concern over the US strikes on Iran and calling for restraint. But the tone of their statements was rather measured.

    The mood in the Middle East appears to be shifting. As one Emirati analyst, Mohammed Baharoon, recently warned: “Israel risks seeing itself as Thor, the mythical deity whose real status as a god is related to his hammer. This is dangerous for Israel’s future in the region and the world.”

    Baharoon added on social media: “Hammer-wielding Israel will have very limited space in a region that seeks economic partnerships over security alliances.” In other words, the region’s priorities are shifting, and Israel’s overreliance on military power is increasingly at odds with the future that the Gulf leaders are trying to shape.

    They wish to make the region an economic magnet for investment, not a cinematic backdrop for perpetual conflict.

    Mira Al Hussein is a non-resident fellow with DAWN MENA and Gulf International Forum.

    – ref. Gulf States want no winner in the conflict between Israel and Iran – https://theconversation.com/gulf-states-want-no-winner-in-the-conflict-between-israel-and-iran-259471

    MIL OSI – Global Reports –

  • MIL-OSI USA: Mission Accomplished! Artemis ROADS III National Challenge Competitors Celebrate their Achievements

    Source: NASA

    The NASA Science Activation program’s Northwest Earth and Space Sciences Pathways (NESSP) team has successfully concluded the 2024–2025 Artemis ROADS III National Challenge, an educational competition that brought real NASA mission objectives to student teams (and reached more than 1,500 learners) across the country. From December 2024 through May 2025, over 300 teams of upper elementary, middle, and high school students from 22 states participated, applying STEM (Science, Technology, Engineering, and Mathematics) skills in exciting and creative ways.
    Participants tackled eight Mission Objectives inspired by NASA’s Artemis missions, which aim to return humans to the Moon. Students explored challenges such as:

    Designing a water purification system for the Moon inspired by local water cycles
    Developing a Moon-based agricultural plan based on experimental results
    Programming a rover to autonomously navigate lunar tunnels
    Engineering and refining a human-rated water bottle rocket capable of safely returning a “chip-stronaut” to Earth
    Envisioning their future careers through creative projects like graphic novels or video interviews
    Exploring NASA’s Artemis program through a new Artemis-themed Lotería game

    In-person hub events were hosted by Northern Arizona University, Central Washington University, and Montana State University, where teams from Washington, Montana, and Idaho gathered to present their work, collaborate with peers, and experience life on a college campus. Students also had the chance to connect virtually with NASA scientists and engineers through NESSP’s NASA Expert Talks series.
    “Artemis ROADS III is NESSP’s eighth ROADS challenge, and I have to say, I think it’s the best one yet. It’s always inspiring to see so many students across the country engage in a truly meaningful STEM experience. I heard from several students and educators that participating in the challenge completely changed their perspective on science and engineering. I believe that’s because this program is designed to let students experience the joy of discovery and invention—driven by both teamwork and personal creativity—that real scientists and engineers love about their work. We also show students the broad range of STEM expertise NASA relies on to plan and carry out a mission like Artemis. Most importantly, it gives them a chance to feel like they are part of the NASA mission, which can be truly transformative.” – Dr. Darci Snowden, Director, NESSP
    NESSP proudly recognizes the following teams for completing all eight Mission Objectives and the Final Challenge:

    Space Pringles, 3rd-5th Grade, San Antonio, TX 
    Space Axolotls, 3rd-5th Grade, Roberts, MT 
    TEAM Wild, 6th-8th Grade, Eagle Mountain, UT 
    Pessimistic Penguins, 6th-8th Grade, Eagle Mountain, UT 
    Dwarf Planets, 6th-8th Grade, Eagle Mountain, UT 
    Astronomical Rovers, 6th-8th Grade, Eagle Mountain, UT 
    Cosmic Honeybuns, 6th-8th Grade, Eagle Mountain, UT 
    Houston we have a Problem, 6th-8th Grade, Eagle Mountain, UT 
    FBI Wanted List, 6th-8th Grade, Eagle Mountain, UT 
    Lunar Legion, 6th-8th Grade, San Antonio, TX 
    Artemis Tax-Free Space Stallions, 6th-8th Grade, Egg Harbor, NJ 
    Aquila, 6th-8th Grade, Gooding, ID 
    Space Warriors, 6th-8th Grade, Wapato, WA 
    Team Cygnus, 6th-8th Grade, Red Lodge, MT 
    Maple RocketMen, 6th-8th Grade, Northbrook, IL 
    RGB Hawks, 6th-8th Grade, Sagle, ID 
    The Blue Moon Bigfoots, 6th-8th Grade, Medford, OR 
    W.E.P.Y.C.K., 6th-8th Grade, Roberts, MT 
    Lunar Dawgz, 6th-8th Grade, Safford, AZ 
    ROSEBUD ROCKETEERS, 6th-8th Grade, Rosebud, MT 
    The Cosmic Titans, 6th-8th Grade, Thomson Falls, MT 
    The Chunky Space Monkeys, 6th-8th Grade, Naches, WA 
    ROSEBUD RED ANGUS, 9th-12th Grade, Rosebud, MT 
    Bulky Bisons, 9th-12th Grade, Council Grove, KS 
    The Falling Stars, 9th-12th Grade, Thomson Falls, MT 
    The Roadkillers, 9th-12th Grade, Thomson Falls, MT 
    The Goshawks, 9th-12th Grade, Thomson Falls, MT 
    Sequim Cosmic Catalysts, 9th-12th Grade, Sequim, WA 
    Spuddie Buddies, 9th-12th Grade, Moses Lake, WA 
    Astrocoquí 2, 9th-12th Grade, Mayaguez, PR 
    Big Sky Celestials, 9th-12th Grade, Billings, MT 
    TRYOUTS, 9th-12th Grade, Columbus, MT 
    Cosmonaughts, 9th-12th Grade, Columbus, MT 
    TCCS 114, 9th-12th Grade, Tillamook, OR 
    Marvin’s Mighty Martians, 9th-12th Grade, Simms, TX

    You can see highlights of these teams’ work in the Virtual Recognition Ceremony video on the NESSP YouTube channel. The presentation also features the teams selected to travel to Kennedy Space Center in August of 2025, the ultimate prize for these future space explorers!
    In addition to student engagement, the ROADS program provided professional development workshops and NGSS-aligned classroom resources to support K–12 educators. Teachers are invited to explore these materials and register for the next round of workshops, beginning in August 2025: https://nwessp.org/professional-development-registration.
    For more information about NESSP, its programs, partners, and the ROADS National Challenge, visit www.nwessp.org or contact info@nwessp.org.
     ———–
    NASA’s Northwest Earth and Space Science Pathways’ (NESSP) project is supported by NASA cooperative agreement award number 80NSSC22M0006 and is part of NASA’s Science Activation Portfolio. Learn more about how Science Activation connects NASA science experts, real content, and experiences with community leaders to do science in ways that activate minds and promote deeper understanding of our world and beyond: https://science.nasa.gov/learn/about-science-activation/

    MIL OSI USA News –

  • MIL-OSI USA: NASA Intern Took Career from Car Engines to Cockpits

    Source: NASA

    Some career changes involve small shifts. But for one NASA engineering intern, the leap was much bigger –moving from under the hood of a car to helping air taxis take to the skies.
    Saré Culbertson spent more than a decade in the auto industry and had been working as a service manager in busy auto repair shops. Today, she supports NASA’s Air Mobility Pathfinders project as a flight operations engineer intern at NASA’s Armstrong Flight Research Center in Edwards, California, through NASA’s Pathways program.

    Saré Culbertson
    NASA Intern

    “NASA has helped me see opportunities I didn’t even know existed,” she said. “I realized that being good at something isn’t enough – you have to be passionate about it too.”
    With a strong foundation in mechanical engineering – earning a bachelor’s degree from California State University, Long Beach, Antelope Valley Engineering Program – she graduated magna cum laude and delivered her class’s commencement speech. Culbertson also earned two associate’s degrees, one in engineering and one in fine arts.

    Before making the switch to aeronautics, she worked at car dealerships and independent car repair facilities while in college. She also led quality control efforts to help a manufacturer meet international standards for quality.
    “I never thought land surveying would have anything to do with flying. But it’s a key part of supporting our research with GPS and navigation verification,” Culbertson said. “GPS measures exact positions by analyzing how long signals take to travel from satellites to ground receivers. In aviation testing, it helps improve safety by reducing signal errors and ensuring location data of the aircraft is accurate and reliable.”
    A musician since childhood, Culbertson has also performed in 21 states, playing everything from tuba to trumpet, and even appeared on HBO’s “Silicon Valley” with her tuba. She’s played in ska, punk, and reggae bands and now performs baritone in the Southern Sierra Pops Orchestra.

    The NASA Pathways internship, she says, changed everything. Culbertson was recently accepted into the Master of Science in Flight Test Engineering program at the National Test Pilot School, where she will be specializing in fixed wing performance and flying qualities.
    Her advice for anyone starting out?
    “Listen more than you talk,” she said. “Don’t get so focused on the next promotion that you forget to be great at the job you have now.”
    During her internship, Culbertson is making meaningful contributions toward NASA’s Urban Air Mobility research. She collects location data for test landing sites as part of the first evaluation of an experimental commercial electric vertical takeoff landing aircraft, a significant milestone in the development of next generation aviation technologies. From fixing cars to helping air taxis become a reality, Saré Culbertson is proof that when passion meets persistence, the sky isn’t the limit – it’s just the beginning.

    MIL OSI USA News –

  • MIL-OSI USA: NASA Tests New RS-25 Engine

    Source: NASA

    NASA tested RS-25 engine No. 20001 on June 20, at the Fred Haise Test Stand at NASA’s Stennis Space Center at Bay St. Louis, Mississippi. Test teams fired the engine for almost eight-and-a-half minutes (500 seconds), the same amount of time RS-25 engines fire during a launch of an SLS (Space Launch System) rocket on Artemis missions to the Moon. The Artemis campaign will explore the Moon for scientific discovery, economic benefits, and to build the foundation for the first crewed missions to Mars – for the benefit of all.
    Four RS-25 engines, built by contractor L3Harris Technologies (formerly Aerojet Rocketdyne), help power each SLS launch, producing up to 2 million pounds of combined thrust. During the test, operators also fired engine No. 20001 up to the 111% power level, the same amount of thrust needed to launch an SLS rocket, carrying the Orion spacecraft, to orbit. The full-duration “hot fire” was the first test since NASA completed certification testing for new production RS-25 engines in 2024.
    All RS-25 engines are tested and proven flightworthy at NASA Stennis. The test was conducted by a team of operators from NASA, L3Harris, and Syncom Space Services, prime contractor for site facilities and operations.

    MIL OSI USA News –

  • MIL-OSI USA: Heather Cowardin Safeguards the Future of Space Exploration  

    Source: NASA

    As branch chief of the Hypervelocity Impact and Orbital Debris Office at NASA’s Johnson Space Center in Houston, Dr. Heather Cowardin leads a team tasked with a critical mission: characterizing and mitigating orbital debris—space junk that poses a growing risk to satellites, spacecraft, and human spaceflight. 
    Long before Cowardin was a scientist safeguarding NASA’s mission, she was a young girl near Johnson dreaming of becoming an astronaut.  
    “I remember driving down Space Center Boulevard with my mom and seeing people running on the trails,” she said. “I told her, ‘That will be me one day—I promise!’ And she always said, ‘I know, honey—I know you will.’” 

    Heather Cowardin
    Hypervelocity Impact and Orbital Debris Branch Chief

    Today, that childhood vision has evolved into a leadership role at the heart of NASA’s orbital debris research. Cowardin oversees an interdisciplinary team within the Astromaterials Research and Exploration Science Division, or ARES. She supports measurements, modeling, risk assessments, and mitigation strategies to ensure the efficiency of space operations.  
    With more than two decades of experience, Cowardin brings expertise and unwavering dedication to one of the agency’s most vital safety initiatives. 
    Her work focuses on characterizing Earth-orbiting objects using optical and near-infrared telescopic and laboratory data. She helped establish and lead the Optical Measurement Center, a specialized facility at Johnson that replicates space-like lighting conditions and telescope orientations to identify debris materials and shapes, and evaluate potential risk. 
    Cowardin supports a range of research efforts, from ground-based and in-situ, or in position, observations to space-based experiments. She has contributed to more than 100 scientific publications and presentations and serves as co-lead on Materials International Space Station Experiment missions, which test the durability of materials on the exterior of the orbiting laboratory. 
    She is also an active member of the Inter-Agency Space Debris Coordination Committee, an international forum with the goal of minimizing and mitigating the risks posed by space debris.  

    Her passion was fueled further by a mentor, Dr. James R. Benbrook, a University of Houston space physics professor and radar scientist supporting the Orbital Debris Program Office. “He was a hard-core Texas cowboy and a brilliant physicist,” she said. “He brought me on as a NASA fellow to study orbital debris using optical imaging. After that, I was committed to working at NASA—no matter what it took.” 
    After completing her fellowship, Cowardin began graduate studies at the University of Houston while working full time. Within a year, she accepted a contract position at Johnson, where she helped develop the Optical Measurement Center and supported optical analyses of geosynchronous orbital debris. She soon advanced to optical lead, later serving as a contract project manager and section manager. 

    Heather Cowardin
    Hypervelocity Impact and Orbital Debris Branch Chief

    Building on her growing expertise, Cowardin became the laboratory and in-situ measurements lead for the Orbital Debris Program Office, a program within the Office of Safety and Mission Assurance at NASA Headquarters. She led efforts to characterize debris and deliver direct measurement data to support orbital debris engineering models, such as NASA’s Orbital Debris Engineering Model and NASA’s Standard Satellite Breakup Model, while also overseeing major projects like DebriSat.  
    Cowardin was selected as the Orbital Debris and Hypervelocity Integration portfolio scientist, where she facilitated collaboration within the Hypervelocity Impact and Orbital Debris Office—both internally and externally with stakeholders and customers. These efforts laid the foundation for her current role as branch chief. 
    “I’ve really enjoyed reflecting on the path I’ve traveled and looking forward to the challenges and successes that lie ahead with this great team,” she said.  
    One of Cowardin’s proudest accomplishments was earning her doctorate while working full time and in her final trimester of pregnancy. 
    “Nothing speaks to multitasking and time management like that achievement,” Cowardin said. “I use that story to mentor others—it’s proof that you can do both. Now I’m a mom of two boys who inspire me every day. They are my motivation to work harder and show them that dedication and perseverance always pay off.” 

    Throughout her career, Cowardin said one lesson has remained constant: never underestimate yourself. 
    “It’s easy to think, ‘I’m not ready,’ or ‘Someone else will ask the question,’” she said. “But speak up. Every role I’ve taken on felt like a leap, but I embraced it and each time I’ve learned and grown.” 
    She has also learned the value of self-awareness. “It’s scary to ask for feedback, but it’s the best way to identify growth opportunities,” she said. “The next generation will build on today’s work. That’s why we must capture lessons learned and share them. It’s vital to safe and successful operations.” 

    To the Artemis Generation, she hopes to pass on a sense of purpose. 
    “Commitment to a mission leads to success,” she said. “Even if your contributions aren’t immediately visible, they matter. What we do at NASA takes new thinking, new skills, and hard work—but I believe the next generation will raise the bar and lead us beyond low Earth orbit.” 
    When she is not watching over orbital debris, she is lacing up her running shoes. 
    “I’ve completed five half-marathons and I’m training for the 2026 Rock ‘n’ Roll half-marathon in Nashville,” she said. “Running helps me decompress—and yes, I often role-play technical briefings or prep conference talks while I’m out on a jog. Makes for interesting moments when I pass people in the neighborhood!” 

    MIL OSI USA News –

  • MIL-OSI USA: SR 18 project to repave eastbound lanes in Auburn and replace bridge expansion joints beginning in July

    Source: Washington State News 2

    AUBURN – The ride through Auburn should get a lot smoother, as a project to repave a 3-mile stretch of eastbound State Route 18 and replace aging bridge expansion joints will begin after the Fourth of July holiday weekend.

    Starting Monday, July 7, the project will grind and repave eastbound lanes of SR 18 from C Street to near the Green River. This includes repaving the eastbound lanes on the bridges over Auburn Way and F Street. Contractor crews working for the Washington State Department of Transportation also will repair pavement on the eastbound SR 18 on- and off-ramps at Auburn Way and replace worn out expansion joints along both directions of the C Street Southwest bridge.

    This section of SR 18, which carries about 65,000 vehicles per day, was last paved in 2003, meaning the asphalt has outlived its expected 15-year lifespan. When the project finishes later this fall, people should feel a smoother ride and eastbound SR 18 will be preserved for years to come. 

    What to expect

    Much of the paving work will take place weeknights between 9 p.m. and 6 a.m. with single-lane and ramp closures.  A narrow section will require full closures of eastbound SR 18 for up to four nights to ensure worker safety.

    Replacing the joints on the C Street Southwest bridge will need a series of weekend directional closures of SR 18 and nearby ramps from 9 p.m. Fridays to 5 a.m. Mondays. Eastbound SR 18 could close for up to four weekends, while westbound SR 18 may close for as many as three weekends. Both directions will not close at the same time.

    Signed detours using city streets will be available during directional and ramp closures. 

    WSDOT will try to avoid scheduling work during the Washington State Fair, large events at White River Amphitheater and the Muckleshoot Resort Casino and other nearby community events. The work schedule is still being finalized, but people can check the project webpage and WSDOT’s Real-time travel map for updates.

    MIL OSI USA News –

  • MIL-OSI USA: Lyon Creek fish barrier removal project along SR 104 begins June 30 in Lake Forest Park

    Source: Washington State News 2

    LAKE FOREST PARK – Construction is set to begin on a fish barrier removal project along Lyon Creek where it passes beneath State Route 104/Ballinger Way Northeast in Lake Forest Park. 

    Beginning Monday, June 30, contractor crews working for the Washington State Department of Transportation will replace an existing culvert that prevents fish from passing with a 24-foot-wide concrete structure near the SR 104 intersection with 35th Avenue Northeast. The project also will improve habitat within Lyon Creek, which flows from Snohomish County into Lake Washington through Lake Forest Park. 

    The new culvert structure will open 7.5 miles of potential upstream habitat to Chinook, coho, steelhead, sockeye, sea-run cutthroat and resident trout. 

    Closure details

    Construction will happen up to seven days a week, with traffic control primarily occurring between 9 p.m. and 5 a.m. Crews will perform site work and utility upgrades before installing the new culvert beneath SR 104, which will require extended road closures.

    The following closures are planned during different stages of the project:

    • Overnight, single-lane closures on SR 104, 35th Avenue Northeast and Northeast 185th Street with flaggers alternating traffic in each direction.
    • A five-day closure along Northeast 185th Street.
    • At least one overnight closure along 35th Avenue Northeast near SR 104.
    • A 35-day closure along SR 104/Ballinger Way.

    The dates for each extended closure have not been finalized, although the 35-day closure on SR 104/Ballinger Way is tentatively planned to start in early September. 

    What to expect

    Signed detour routes will guide vehicles, cyclists and pedestrians around the road closures. Local access will be permitted during construction, although people will not be able to cross through the work zones.

    King County Metro will relocate bus stops along SR 104/Ballinger Way during construction. 

    Johansen Construction Co. is the prime contractor for the $8.71 million project that, weather permitting, is expected to finish this fall. This work advances WSDOT’s efforts to comply with a U.S. District Court ruling requiring the agency to remove barriers to fish passage beneath state highways.

    MIL OSI USA News –

  • MIL-OSI Security: June Federal Grand Jury 2024-B Indictments Announced

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

    United States Attorney Clint Johnson today announced the results of the June Federal Grand Jury 2024-B Indictments.

    The following individuals have been charged with violations of United States law in indictments returned by the Grand Jury. The return of an indictment is a method of informing a defendant of alleged violations of federal law, which must be proven in a court of law beyond a reasonable doubt to overcome a defendant’s presumption of innocence.

    Alejandro Aldave. Possession of Cocaine with Intent to Distribute (Counts 1 and 2); Possession of 3,4-Dichloro-N-[2-(dimethylamino)cyclohexyl]-N-methylbenzamide (U47700”) with Intent to Distribute (Count 3); Maintaining a Drug-Involved Premises (Count 4); Possession of a Firearm in Furtherance of Drug Trafficking Crime (Count 5) (superseding). Aldave, 36, of Tulsa, is charged with two counts of possessing more than 500 grams of cocaine and one count of possessing 3,4-Dichloro-N-[2-(dimethylamino)cyclohexyl]-N-methylbenzamide (U47700”) with intent to distribute. He is additionally charged with maintaining a residence to distribute cocaine and 3,4-Dichloro-N-[2-(dimethylamino)cyclohexyl]-N-methylbenzamide (U47700”). Lastly, Aldave knowingly possessed a firearm in furtherance of drug trafficking. The Drug Enforcement Administration Tulsa Resident Office, the Oklahoma Highway Patrol, and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Adam D. McConney is prosecuting the case. 25-CR-173

    Roman Ramos Chacon. Unlawful Reentry of a Removed Alien. Chacon, 27, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in Oct. 2023. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Stephen Scaife is prosecuting the case. 25-CR-206

    Jesus Reyes Chi. Alien Unlawfully in the United States in Possession of Firearms. Reyes Chi, 36, a Mexican national, is charged with possessing firearms knowing he was an alien unlawfully living in the United States. ICE Enforcement and Removal Operations Dallas Field Office, the Bureau of Alcohol, Tobacco, Firearms and Explosives, and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Aaron Jolly is prosecuting the case. 25-CR-207

    Jose Guadalupe Peralez Diaz. Unlawful Reentry of a Removed Alien. Peralez Diaz, 43, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in Apr. 2022. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney David Whipple is prosecuting the case. 
    25-CR-208

    Brandon Eugene Fanning. Felon in Possession of a Firearm and Ammunition. Fanning, 47, of Wyandotte, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Ottawa County Sheriff’s Office are the investigative agencies. Assistant U.S. Attorney Shakema Onias is prosecuting the case. 25-CR-219

    Cruz De Jesus Garcia-Dimas. Unlawful Reentry of a Removed Alien. Garcia-Dimas, 34, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in Mar. 2012. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Augustus Forster is prosecuting the case. 
    25-CR-209

    Jason Dewayne Glass; Justin Monrow Wilson. Aggravated Sexual Abuse by Force and Threat in Indian Country (Count 1); Assault with a Dangerous Weapon with Intent to do Bodily Harm in Indian Country (Counts 2 through 4); Carrying, Using, and Brandishing a Firearm During and in Relation to a Crime of Violence (Count 5); Possession of Methamphetamine with Intent to Distribute (Count 6); Carrying and Using a Firearm During and in Relation to a Drug Trafficking Crime (Count 7) Maintaining a Durg-Involved Premises (Count 8) Felon in Possession of Firearms and Ammunition (Counts 9 & 10). Glass, 41, of Locust Grove, is charged with engaging in a sexual act by force and threat. He is charged with intentionally assaulting a victim with a firearm, a propane torch, a knife, and brandishing a firearm during a crime of violence. Wilson, 49, of Locust Grove, and Glass are jointly charged with knowingly possessing methamphetamine with intent to distribute, possessing a firearm during and in relation to drug trafficking, and maintaining a drug house. Additionally, Glass and Willson are charged with possessing numerous firearms and ammunition, knowing they had previously been convicted of several felonies. The FBI, the Cherokee Nation Marshal Service, and the Oklahoma State Bureau of Investigation are the investigative agencies. Assistant U.S. Attorney Stacey Todd is prosecuting the case. 
    25-CR-220

    Kiaona Richelle Hill. Felon in Possession of a Firearm and Ammunition. Hill, 43, of Tulsa, is charged with possessing a firearm and ammunition, knowing she was previously convicted of felonies. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorneys Tara Heign and Eric O. Johnston are prosecuting the case. 25-CR-211

    Bradley Justin Kelley. Felon in Possession of a Firearm and Ammunition; Possession of Methamphetamine with Intent to Distribute; Maintaining a Drug-Involved Premises; Possession of a Firearm in Furtherance of a Drug Trafficking Crime; Eluding Police Officers in Indian Country. Kelley, 35, of Tulsa, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies, and possessing a firearm while drug trafficking. Kelley is further charged with maintaining a residence for drug distribution and possessing more than 500 grams of methamphetamine with intent to distribute. Additionally, Kelley is charged with failing to bring his vehicle to a stop after being directed by a peace officer in an official vehicle with a red light and siren. The Drug Enforcement Administration Tulsa Resident Office and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney David Nasar is prosecuting the case. 25-CR-203

    Jorge Luis Garcia-Lopez. Unlawful Reentry of a Removed Alien. Garcia-Lopez, 27, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in May 2021. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Stephen Flynn is prosecuting the case. 25-CR-210

    Arturo Hidalgo Luna. Unlawful Reentry of a Removed Alien. Luna, 59, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in Feb. 2003. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Christian Harris is prosecuting the case. 25-CR-212

    Jason Allen Lynn. Second Degree Murder in Indian Country. Lynn, 31, a transient and a member of the Choctaw Nation of Oklahoma, is charged with intending to kill Alan Underwood without premeditation and deliberation, but with intent to do serious bodily harm. The FBI and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Kenneth Elmore is prosecuting the case. 25-CR-204

    Cale Michael Mitchell Persinger. Assault of a Spouse by Strangling and Attempting to Strangle in Indian Country. Persinger, 25, of Tulsa and a member of the Osage Nation, is charged with assaulting his spouse by strangling her. The FBI and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Melissa Weems is prosecuting the case. 25-CR-221

    Austin Dewayne Nation. Use of a Communication Facility in Committing, Causing, and Facilitating the Commission of a Drug Trafficking Felony; Attempted Possession of Methamphetamine with Intent to Distribute; Felon in Possession of Firearms; Possession of Firearms in Furtherance of a Drug Trafficking Crime. Nation, 29, of Kellyville, is charged with attempting to possess and distribute methamphetamine received through the mail. He is further charged with attempting to possess methamphetamine with the intent to distribute. Additionally, Nation is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies and possessing a firearm while attempting to traffic drugs. The Drug Enforcement Administration Tulsa Resident Office and the USPS-OIG are the investigative agencies. Assistant U.S. Attorney Tyson McCoy is prosecuting the case. 25-CR-213

    Bryan Omar Orozxo-Cahuex. Unlawful Reentry of a Removed Alien. Orozxo-Cahuex, 30, a Guatemalan national, is charged with unlawfully reentering the United States after having been previously removed in Dec. 2017. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Aaron Jolly is prosecuting the case. 25-CR-214

    Jose Pacheco-Quezada. Unlawful Reentry of a Removed Alien. Pacheco-Quezada, 24, a Mexican national, is charged with unlawfully reentering the United States after having been previously removed in Apr. 2019. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Stephanie Ihler is prosecuting the case. 
    25-CR-215

    Silvia Nicole Ramos-Ramos. Unlawful Reentry of a Removed Alien. Ramos-Ramos, 23, a Honduran national, is charged with unlawfully reentering the United States after having been previously removed in Jun. 2023. ICE Enforcement and Removal Operations Dallas Field Office is the investigative agency. Assistant U.S. Attorney Adam Bailey is prosecuting the case. 25-CR-216

    Marissa Ayde Ruiz. Possession of Cocaine with Intent to Distribute; Carrying a Firearm in Relation to a Drug Trafficking Crime. Ruiz, 33, of Amarillo, Texas, is charged with knowingly possessing more than 500 grams of cocaine with intent to distribute and carrying a firearm while drug trafficking. The Homeland Security Investigations and the Oklahoma Highway Patrol are the investigative agencies. Assistant U.S. Attorney Adam Bailey is prosecuting the case. 25-CR-205

    Allan Segovia. Possession of Methamphetamine with Intent to Distribute. Segovia, 42, of Tulsa, is charged with knowingly possessing methamphetamine with intent to distribute. The Drug Enforcement Administration Tulsa Resident Office, the Tulsa Police Department, and the Bureau of Indian Affairs are the investigative agencies. Assistant U.S. Attorney Attila Bogdan is prosecuting the case. 25-CR-222

    MIL Security OSI –

  • MIL-OSI Security: Indianapolis Man Sentenced After Being Caught with Three Firearms and Two Machine Gun Conversion Devices While Out on Bond

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

    INDIANAPOLIS— Q’Tez Laquan Ginn, 19, of Indianapolis, has been sentenced to 61 months in federal prison followed by three years of supervised release after pleading guilty to possession of a machine gun.

    Machine gun conversion devices, sometimes called “Glock switches” or “auto-sears,” are devices that convert ordinary semiautomatic firearms into fully automatic machine guns. Machine gun conversion devices are themselves considered machine guns under federal law, even when not installed, and are illegal for individuals to possess or sell.

    According to court documents, in August of 2024, Ginn was seen carrying an AR style pistol in a parking lot where suspected narcotics trafficking was taking place.  Later that day, IMPD officers found Ginn in a vehicle with marijuana and a pistol. Ginn was charged with felony dealing marijuana and taken into custody. At the time of this arrest, Ginn was out on bond for a felony Resisting Law Enforcement charge in Marion County.

    While in custody, Ginn made phone calls to family members, directing them to move and store his firearms and controlled substances at a home known to the family. Ginn continued to exert control over the items while he was incarcerated.

    In September of 2024, law enforcement officers conducted a judicially authorized search at the home and located a black duffel bag that contained a Glock handgun, two AR-style pistols, and multiple magazines, including two loaded high-capacity drum-style magazines.  The Glock handgun and one of the AR-style pistols were found with machine gun conversion devices installed on them.

    “Machine gun conversion devices only exacerbate the already dire situation of individuals using firearms for violent purposes. In a city already overwhelmed by gun violence, these devices contribute to further instability for community members and law enforcement,” said John E. Childress, Acting United States Attorney for the Southern District of Indiana. “I commend the IMPD and ATF for their steadfast dedication to addressing gun violence in our community.”

    The Bureau of Alcohol, Tobacco, Firearms and Explosives and IMPD investigated this case. The sentence was imposed by Chief U.S. District Judge Tanya Walton Pratt.

    Acting U.S. Attorney Childress thanked Assistant U.S. Attorney Pamela Domash, who prosecuted this case.

    ###

    MIL Security OSI –

  • MIL-OSI Economics: Panels established to review Canadian surtaxes, Chinese duties on farm and fish products

    Source: World Trade Organization

    DS627: Canada — Measures on Certain Products of Chinese Origin

    China submitted its second request for the establishment of a dispute panel with respect to the surtax measures imposed by Canada on certain products of Chinese origin, including electric vehicles and steel and aluminium products. Canada had said it was not ready to accept China’s first request for the panel at a DSB meeting on 23 May.

    China said it considers Canada’s measures inconsistent with provisions of the General Agreement on Tariffs and Trade (GATT). It added that it was open to constructive discussions and remains committed to resolving the dispute.

    It is unfortunate that China has included in its panel request claims related to certain solar products, critical minerals, semiconductors, permanent magnets and natural graphite imported from China, Canada said, noting that there are no Canadian surtax measures on these products. China has therefore failed to identify the specific measures at issue as required under the Dispute Settlement Understanding (DSU), Canada said.

    Canada said its surtax measures on electric vehicles and steel and aluminium products are justified under the GATT and that it was fully prepared to defend these measures. Canada remains committed to maintaining constructive dialogue with China even as the dispute moves to the panel stage, it added.

    The United States said that China responded to the surtaxes by imposing countermeasures in the form of additional duties on Canadian agricultural and fishery products.

    The DSB agreed to the establishment of the panel. 

    Australia, the European Union, India, Japan, the Republic of Korea, Malaysia, Norway, the Russian Federation, Singapore, Switzerland, Türkiye, the United Kingdom, Ukraine and the United States reserved their third-party rights to participate in the proceedings.

    DS636: China — Additional Import Duties on Certain Agricultural and Fishery Products from Canada

    Canada submitted its second request for the establishment of a dispute panel with respect to the additional import duties imposed by China on certain Canadian agricultural and fisheries products. China had said it was not ready to accept Canada’s first request for the panel at a special DSB meeting on 5 June.

    Canada said the import duties imposed by China represented a unilateral determination and trade countermeasures contrary to WTO rules. Canada moreover said that as the dispute concerns perishable goods, the case should be treated as urgent as provided by the DSU. Canada remains committed to maintaining constructive dialogue with China even as the dispute moves to the panel stage, it added.

    China replied that it regretted Canada’s decision to seek the establishment of a panel and opposed Canada’s claim that DSU provisions on urgency apply to this case. China said it will defend itself in the proceedings and is confident that its measures will be found consistent with WTO rules. It added that it remained open to engagement with Canada.

    The United States reiterated that the measures at issue are countermeasures imposed by China in response to Canadian measures China is challenging in DS627.

    The DSB agreed to the establishment of the panel. 

    Australia, the European Union, India, Japan, Norway, the Russian Federation, Singapore, Switzerland, Türkiye, the United Kingdom, the United States and Viet Nam reserved their third-party rights to participate in the proceedings.

    Appellate Body appointments

    Colombia, speaking on behalf of 130 members, introduced for the 88th time the group’s proposal to start the selection processes for filling vacancies on the Appellate Body. The extensive number of members submitting the proposal reflects a common interest in the functioning of the Appellate Body and, more generally, in the functioning of the WTO’s dispute settlement system, Colombia said.

    The United States said it does not support the proposed decision and noted its longstanding concerns with WTO dispute settlement that have persisted across US administrations. The United States emphasized that the dispute settlement process was meant to help members resolve specific disputes without creating new rules that alter rights and obligations under the covered WTO agreements. The US reiterated that fundamental reform of WTO dispute settlement is needed and that it will reflect on the extent to which it is possible to achieve such a reformed WTO dispute settlement system.

    More than 20 members took the floor to comment, one speaking on behalf of a group of members. Several members urged others to consider joining the Multi-party interim appeal arrangement (MPIA), a contingent measure to safeguard the right to appeal in the absence of a functioning Appellate Body. 

    Colombia, on behalf of the 130 members, said it regretted that for the 88th occasion members have not been able to launch the selection processes. Ongoing conversations about reform of the dispute settlement system should not prevent the Appellate Body from continuing to operate fully, and members shall comply with their obligation under the Dispute Settlement Understanding to fill the vacancies as they arise, Colombia said for the group.

    Dispute settlement reform

    The DSB Chair, Ambassador Clare Kelly (New Zealand), said that the General Council (GC) Chair Ambassador Saqer Abdullah Almoqbel (Kingdom of Saudi Arabia) had informed members in a 6 June communication that, regarding dispute settlement reform, his consultations have confirmed readiness to preserve and build on the progress already made, and to advance only when the time is ripe to make meaningful progress on key unresolved issues with the engagement of all delegations.

    The GC Chair also indicated that both the DSB Chair and the GC Chair will be closely monitoring the situation and will revert to members at the appropriate time. The DSB chair added that her door is open to delegations wishing to further discuss the matter.

    Surveillance of implementation

    The United States presented status reports with regard to DS184, “US — Anti-Dumping Measures on Certain Hot-Rolled Steel Products from Japan”,  DS160, “United States — Section 110(5) of US Copyright Act”, DS464, “United States — Anti-Dumping and Countervailing Measures on Large Residential Washers from Korea”, and DS471, “United States — Certain Methodologies and their Application to Anti-Dumping Proceedings Involving China.”

    The European Union presented a status report with regard to DS291, “EC — Measures Affecting the Approval and Marketing of Biotech Products.”

    Indonesia presented its status reports in DS477 and DS478, “Indonesia — Importation of Horticultural Products, Animals and Animal Products.” 

    Next meeting

    The next regular DSB meeting will take place on 25 July 2025.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Verizon announces final results of its private exchange offers for 10 series of notes and related tender offers

    Source: Verizon

    Headline: Verizon announces final results of its private exchange offers for 10 series of notes and related tender offers

    NEW YORK, N.Y. –  Verizon Communications Inc. (“Verizon”) (NYSE, Nasdaq: VZ) today announced the final results of its Exchange Offers (as defined below) and its Cash Offers (as defined below).

    Exchange Offers

    The first transaction consists of 10 separate private offers to exchange (the “Exchange Offers”) any and all of the outstanding series of notes listed in the table below (as used in the context of the Exchange Offers and the Cash Offers (as defined below), collectively the “Old Notes”) in exchange for newly issued 5.401% Notes due 2037 of Verizon (the “New Notes”), on the terms and subject to the conditions set forth in the Offering Memorandum dated June 12, 2025 (the “Offering Memorandum”), the eligibility letter (the “Eligibility Letter”) and the accompanying exchange offer notice of guaranteed delivery (the “Exchange Offer Notice of Guaranteed Delivery” which, together with the Offering Memorandum and the Eligibility Letter, constitute the “Exchange Offer Documents”).

    The Exchange Offers expired at 5:00 p.m. (Eastern time) on June 18, 2025 (the “Exchange Offer Expiration Date”). The “Exchange Offer Settlement Date” with respect to the Exchange Offers will be promptly following the Exchange Offer Expiration Date and is expected to be June 25, 2025. In addition to the applicable Total Exchange Price (as defined in the Offering Memorandum), Exchange Offer Eligible Holders (as defined below) whose Old Notes are accepted for exchange will receive a cash payment equal to the accrued and unpaid interest on such Old Notes from and including the immediately preceding interest payment date for such Old Notes to, but excluding, the Exchange Offer Settlement Date. Interest will cease to accrue on the Exchange Offer Settlement Date for all Old Notes accepted, including those tendered through the Guaranteed Delivery Procedures (as defined in the Offering Memorandum).

    Unless otherwise defined herein, capitalized terms used under the heading Exchange Offers have the respective meanings assigned thereto in the Exchange Offer Documents.

    The table below indicates, among other things, the aggregate principal amount of each series of Old Notes that Verizon is accepting in connection with Verizon’s offer to exchange any and all of its outstanding notes listed below for New Notes:

    Acceptance Priority Level(1)

    Title of Security

    CUSIP
    Number(s)

    Principal Amount Outstanding

    Principal Amount Tendered for Exchange by the Expiration Date and Accepted(2)

    1

    1.450% Notes due 2026

    92343VGG3

    $838,579,000

    $1,689,000

    2

    Floating Rate Notes due 2026

    92343VGE8

    $212,932,000

    $4,987,000

    3

    4.125% Notes due 2027

    92343VDY7

    $2,903,541,000

    $316,360,000

    4

    3.000% Notes due 2027

    92343VFF6

    $569,992,000

    $66,073,000

    5

    4.329% Notes due 2028

    92343VER1/

    92343VEQ3/

    U9221ABK3

    $3,640,515,000

    $722,436,000

    6

    2.100% Notes due 2028

    92343VGH1

    $2,139,693,000

    –

    7

    4.016% Notes due 2029

    92343VEU4/

    92343VET7/

    U9221ABL1

    $4,000,000,000

    $523,460,000

    8

    3.150% Notes due 2030

    92343VFE9

    $1,464,080,000

    $266,808,000

    9

    1.680% Notes due 2030

    92343VFX7/

    92343VFN9/

    U9221ABS6

    $1,098,195,000

    $270,138,000

    10

    7.750% Notes due 2030

    92344GAM8/

    92344GAC0

    $562,561,000

    $30,303,000

    (1) Subject to the satisfaction or waiver of the conditions of the Exchange Offers described in the Offering Memorandum, if the New Notes Capacity Condition (as defined if the Offering Memorandum) and/or the corresponding Cash Offer Completion Condition (as defined if the Offering Memorandum) is not satisfied with respect to every series of Old Notes, Verizon will accept Old Notes for exchange in the order of their respective Acceptance Priority Level specified in the table above (as used in the context of the Exchange Offers and the Cash Offers, each an “Acceptance Priority Level,” with 1 being the highest Acceptance Priority Level and 10 being the lowest Acceptance Priority Level). It is possible that a series of Old Notes with a particular Acceptance Priority Level will not be accepted for exchange even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase.

    (2) The principal amounts accepted as reflected in the table above are subject to change due to Old Notes that may be validly tendered pursuant to Guaranteed Delivery Procedures and not validly withdrawn prior to the guaranteed delivery date and accepted for exchange.

    Verizon is offering to accept for exchange validly tendered Old Notes using a “waterfall” methodology under which such Old Notes of different series will be accepted in the order of their respective Acceptance Priority Levels as listed in the table above, subject to a $2.5 billion cap on the maximum aggregate principal amount of New Notes that Verizon will issue in all of the Exchange Offers (the “New Notes Maximum Amount”). However, subject to applicable law, Verizon, in its sole discretion, has the option to waive or increase the New Notes Maximum Amount at any time.

    On the terms and subject to the conditions set forth in the Offering Memorandum, including the Cash Offer Completion Condition, Verizon is accepting for exchange all of the Old Notes validly tendered, including Old Notes for which Verizon received an Exchange Offer Notice of Guaranteed Delivery and that are delivered on or prior to the Guaranteed Delivery Date, of each series of Old Notes with Acceptance Priority Levels 1 through 5 and 7 through 10 (as used in the context of the Exchange Offers and the Cash Offers, the “Covered Notes”).  As described further below in relation to the Cash Offers, the purchase of all Old Notes of the series with Acceptance Priority Level 6 (as used in the context of the Exchange Offers and the Cash Offers, the “Non-Covered Notes”) tendered for purchase would cause Verizon to breach the Maximum Total Consideration Condition (as defined in the Offer to Purchase, and as increased as described below), and, accordingly, Verizon is rejecting the Non-Covered Notes from the applicable Cash Offer and the Cash Offer Completion Condition with respect to the Non-Covered Notes will not be satisfied. Because the Cash Offer Completion Condition will not be satisfied, Verizon is rejecting exchanges of Non-Covered Notes, including Non-Covered Notes for which Verizon received an Exchange Offers Notice of Guaranteed Delivery. Non-Covered Notes will be returned or credited without expense to the holders’ accounts promptly after the Expiration Date. The aggregate principal amount of Covered Notes that will be exchanged by Verizon on the Settlement Date is subject to change based on deliveries of Covered Notes pursuant to the Guaranteed Delivery Procedures described in the Offering Memorandum.

    On the terms and subject to the conditions set forth in the Offering Memorandum, Verizon expects to issue approximately $2.2 billion aggregate principal amount of New Notes due 2037 and, as such, Verizon considers the Minimum Issue Requirement (as defined in the Offering Memorandum) satisfied. Verizon will not receive any cash proceeds from the Exchange Offers. The actual aggregate principal amount of New Notes that will be issued on the Exchange Offer Settlement Date is subject to change, based on the amount of Old Notes delivered pursuant to the Guaranteed Delivery Procedures and satisfaction or waiver of the conditions set forth in the Offering Memorandum, including the Cash Offer Completion Condition.

    Verizon today announced that the New Notes Capacity Condition, as well as certain customary conditions to the Exchange Offers, including the absence of certain adverse legal and market developments, have been satisfied with respect to each series of Old Notes, and the Cash Offer Completion Condition (as defined in the Offering Memorandum) has been satisfied for each series of Covered Notes.

    If and when issued, the New Notes will not be registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. Verizon will enter into a registration rights agreement with respect to the New Notes.

    Only a holder who had duly completed and returned an Eligibility Letter certifying that it was either (1) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)); or (2) a person located outside the United States who is (i) not a “U.S. person” (as defined in Rule 902 under the Securities Act), (ii) not acting for the account or benefit of a U.S. person and (iii) a “Non-U.S. qualified offeree” (as defined below), was authorized to receive the Offering Memorandum and to participate in the Exchange Offers (such holders, “Exchange Offer Eligible Holders”).

    Global Bondholder Services Corporation is acting as the Information Agent and the Exchange Agent for the Exchange Offers. Questions or requests for assistance related to the Exchange Offers or for additional copies of the Exchange Offer Documents may be directed to Global Bondholder Services Corporation at (212) 430-3774.You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Exchange Offers. The Exchange Offer Documents can be accessed at the following link: https://gbsc-usa.com/eligibility/verizon.

    Cash Offers

    The second transaction consists of 10 separate offers to purchase for cash (the “Cash Offers”) any and all of each series of Old Notes, on the terms and subject to the conditions set forth in the Offer to Purchase dated June 12, 2025 (the “Offer to Purchase”), the certification instructions letter (the “Certification Instructions Letter”) and the accompanying cash offer notice of guaranteed delivery (the “Cash Offer Notice of Guaranteed Delivery” which, together with the Offer to Purchase and the Certification Instructions Letter, constitute the “Tender Offer Documents”).

    The Cash Offers expired at 5:00 p.m. (Eastern time) on June 18, 2025 (the “Cash Offer Expiration Date”). The “Cash Offer Settlement Date” with respect to the Cash Offers will be promptly following the Cash Offer Expiration Date and is expected to be June 25, 2025.

    Unless otherwise defined herein, capitalized terms used under the heading Cash Offers have the respective meanings assigned thereto in the Tender Offer Documents.

    The table below indicates, among other things, the aggregate principal amount of each series of Old Notes that Verizon is accepting in connection with Verizon’s offer to purchase any and all of its outstanding notes listed below:

    Acceptance Priority Level(1)

    Title of Security

    CUSIP
    Number(s)

    Principal Amount Outstanding

    Principal Amount Tendered for Purchase by the Expiration Date and Accepted(2)

    1

    1.450% Notes due 2026

    92343VGG3

    $838,579,000

    $11,059,000

    2

    Floating Rate Notes due 2026

    92343VGE8

    $212,932,000

    $2,287,000

    3

    4.125% Notes due 2027

    92343VDY7

    $2,903,541,000

    $160,011,000

    4

    3.000% Notes due 2027

    92343VFF6

    $569,992,000

    $25,913,000

    5

    4.329% Notes due 2028

    92343VER1/

    92343VEQ3/

    U9221ABK3

    $3,640,515,000

    $126,677,000

    6

    2.100% Notes due 2028

    92343VGH1

    $2,139,693,000

    –

    7

    4.016% Notes due 2029

    92343VEU4/

    92343VET7/

    U9221ABL1

    $4,000,000,000

    $106,476,000

    8

    3.150% Notes due 2030

    92343VFE9

    $1,464,080,000

    $42,536,000

    9

    1.680% Notes due 2030

    92343VFX7/

    92343VFN9/

    U9221ABS6

    $1,098,195,000

    $24,930,000

    10

    7.750% Notes due 2030

    92344GAM8/

    92344GAC0

    $562,561,000

    $2,818,000

    (1) Subject to the satisfaction or waiver of the conditions of the Cash Offers described in the Offer to Purchase, including if the Maximum Total Consideration Condition (as defined in the Offer to Purchase) is not satisfied with respect to every series of Old Notes, Verizon will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in the table above. It is possible that a series of Old Notes with a particular Acceptance Priority Level will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level are accepted for purchase.

    (2) The principal amounts accepted as reflected in the table above are subject to change due to Old Notes that may be validly tendered pursuant to Guaranteed Delivery Procedures and not validly withdrawn prior to the guaranteed delivery date and accepted for purchase.

    Verizon is offering to purchase validly tendered Old Notes using a “waterfall” methodology under which such Old Notes of different series will be accepted in the order of their respective Acceptance Priority Levels as listed in the table above, subject to the Maximum Total Consideration Condition and the Exchange Offer Completion Condition (each as defined in the Offer to Purchase). However, subject to applicable law, Verizon, in its sole discretion, has the option to waive or increase the Maximum Total Consideration Condition at any time.

    Verizon has increased the Maximum Total Consideration Condition to the Cash Offers and, accordingly, the maximum aggregate amount of cash that Verizon will use to purchase all validly tendered, and not validly withdrawn, Old Notes in the Cash Offers (the “Maximum Total Consideration Amount,” as described in the Offer to Purchase) will be increased from $300 million to $500 million, which is an amount sufficient to allow Verizon to purchase all Covered Notes validly tendered, and not validly withdrawn, at or prior to the Cash Offer Expiration Date.

    On the terms and subject to the conditions set forth in the Offer to Purchase, Verizon is accepting for purchase all of the Old Notes validly tendered, including Old Notes for which Verizon received a Cash Offer Notice of Guaranteed Delivery and that are delivered on or prior to the Guaranteed Delivery Date, for each series of Covered Notes. Because the purchase of all Non-Covered Notes validly tendered in the Cash Offer would cause Verizon to breach the Maximum Total Consideration Condition (as increased as described above), Verizon is rejecting tenders of Non-Covered Notes, including Old Notes for which Verizon received a Cash Offer Notice of Guaranteed Delivery. Non-Covered Notes will be returned or credited without expense to the holders’ accounts promptly after the Expiration Date. The aggregate principal amount of Covered Notes that will be purchased by Verizon on the Settlement Date is subject to change based on deliveries of Covered Notes pursuant to the Guaranteed Delivery Procedures described in the Offer to Purchase.

    In addition to the applicable Total Consideration (as defined in the Offer to Purchase), Cash Offer Eligible Holders (as defined below) whose Old Notes are accepted for purchase will be paid accrued and unpaid interest on such Old Notes from and including the immediately preceding interest payment date for such Old Notes to, but excluding, the Cash Offer Settlement Date. Interest will cease to accrue on the Cash Offer Settlement Date for all Old Notes accepted in the Cash Offers, including those Old Notes tendered through the Guaranteed Delivery Procedures.

    Verizon today announced that the Exchange Offer Completion Condition has been satisfied for each series of Covered Notes and, except as noted in this release, all other conditions to the Cash Offers described in the Offer to Purchase, including the absence of certain adverse legal and market developments, have been satisfied with respect to each series of Old Notes.

    Only holders who were not Exchange Offer Eligible Holders (“Cash Offer Eligible Holders”) were eligible to participate in the Cash Offers. Holders of Old Notes participating in the Cash Offers were required to complete the Certification Instructions Letter and certify that they are Cash Offer Eligible Holders.

    Global Bondholder Services Corporation is acting as the Information Agent and the Tender Agent for the Cash Offers. Questions or requests for assistance related to the Cash Offers or for additional copies of the Tender Offer Documents may be directed to Global Bondholder Services Corporation at (212) 430-3774. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Cash Offers. The Tender Offer Documents can be accessed at the following link: https://www.gbsc-usa.com/verizon.

    Verizon refers to the Exchange Offers and the Cash Offers, collectively, as the “Offers.”

    Verizon retained Barclays Capital Inc, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC to act as lead dealer managers for the Offers and Scotia Capital (USA) Inc., Truist Securities, Inc. and U.S. Bancorp Investments, Inc. to act as co-dealer managers for the Offers.

    This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Old Notes. The Exchange Offers are being made solely pursuant to the Offering Memorandum and related documents and the Cash Offers are being made solely pursuant to the Offer to Purchase and related documents. The Offers are not being made to holders of Old Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of Verizon by the dealer managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

    This communication and any other documents or materials relating to the Exchange Offers have not been approved by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). Accordingly, this announcement is not being distributed to, and must not be passed on to, persons within the United Kingdom save in circumstances where section 21(1) of the FSMA does not apply. Accordingly, this communication is only addressed to and directed at persons who are outside the United Kingdom and (i) persons falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”)), or (ii) within Article 43 of the Financial Promotion Order, or (iii) high net worth companies and other persons to whom it may lawfully be communicated falling within Article 49(2)(a) to (d) of the Financial Promotion Order, or (iv) to whom an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (such persons together being “relevant persons”). The New Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such New Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on any document relating to the Exchange Offers or any of their contents.

    This communication and any other documents or materials relating to the Exchange Offer are only addressed to and directed at persons in member states of the European Economic Area (the “EEA”), who are “Qualified Investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129. The New Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such New Notes, will be engaged in only with, Qualified Investors. The Exchange Offer is only available to Qualified Investors. None of the information in the Offering Memorandum and any other documents and materials relating to the Exchange Offer should be acted upon or relied upon in any member state of the EEA by persons who are not Qualified Investors.

    “Non-U.S. qualified offeree” means:

    (i)       in relation to any investor in the European Economic Area (the “EEA”), a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded) that is not a retail investor. For these purposes, a retail investor means a person who is one (or more) of: (a) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (b) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;

    (ii)      in relation to any investor in the United Kingdom, a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 that is not a retail investor and that (a) has professional experience in matters relating to investments and qualifies as an investment professional within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (b) is a person falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (c) is a person to whom an invitation or inducement to engage in investment activity (within the meaning of the Financial Services and Markets Act 2000, as amended (the “FSMA”)) in connection with the issue or sale of any notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). For these purposes, a retail investor means a person who is one (or more) of: (x) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (y) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or

    (iii)      any entity outside the U.S., the EEA and the United Kingdom to whom the Exchange Offer may be made in compliance with all applicable laws and regulations of any applicable jurisdiction without registration of the Exchange Offer or any related filing or approval.

    Cautionary Statement Regarding Forward-Looking Statements

    In this communication Verizon has made forward-looking statements, including regarding the conduct and completion of the Offers. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as “will,” “may,” “should,” “continue,” “anticipate,” “assume,” “believe,” “expect,” “plan,” “appear,” “project,” “estimate,” “hope,” “intend,” “target,” “forecast,” or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated, including those discussed in the Offering Memorandum and Offer to Purchase under the heading “Risk Factors” and under similar headings in other documents that are incorporated by reference in the Offering Memorandum and Offer to Purchase. Holders are urged to consider these risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and Verizon undertakes no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. Verizon cannot assure you that projected results or events will be achieved.

    MIL OSI Economics –

  • MIL-OSI NGOs: New NATO defence commitments must not come at cost of human rights

    Source: Amnesty International –

    By Agnès Callamard, Secretary General of Amnesty International

    As NATO states meet in the Hague this week, they face tough decisions that will impact the lives of millions, or even billions, around the world. If, as widely expected, they commit to increased defence spending in response to Russia’s ongoing war of aggression in Ukraine, they must ensure this is allied with strong commitments and actual measures to enhance protection of human rights and international humanitarian law.

    Given the gravity of the crises engulfing the world and the need to seize every opportunity to demand that human rights protection be central to all responses, I will be representing Amnesty International at the NATO Public Forum that runs parallel to the summit, in which leaders and officials will engage with security experts, academics, journalists and NGOs.

    Upon launching Amnesty’s annual report a few weeks ago, I declared it the strongest warning the organization has ever issued. There are more conflicts raging today than at any time since World War Two, inequality is rampant – both within and between states – and states are hurtling into an unchecked arms race, in the first place artificial intelligence-powered. Without concerted and comprehensive action from governments, this historic juncture will mutate into historic devastation.

    The summit should result in a set of concrete measures to ensure that international humanitarian law is respected.

    Agnès Callamard, Secretary General of Amnesty International

    When NATO leaders sit down to discuss such challenges, they must carefully consider their responsibility to humanity.

    MIL OSI NGO –

  • MIL-OSI USA: In Response to L.A. Riots, Tillis Reintroduces Bill to Make Blocking Public Roads a Federal Crime

    US Senate News:

    Source: United States Senator for North Carolina Thom Tillis

    WASHINGTON, D.C. – Senators Thom Tillis (R-NC), Marsha Blackburn (R-TN), Tommy Tuberville (R-AL), Ted Budd (R-NC), and Bill Cassidy (R-LA) recently reintroduced the Safe and Open Streets Act, legislation that would make it a federal crime to purposely obstruct, delay, or affect commerce by blocking a public road or highway. 

    The Safe and Open Streets Act is in direct response to radical tactics of anti-ICE protestors who have intentionally blocked roads and highways across the country, including in Los Angeles, stranding drivers and compromising the free flow of commerce. The Safe and Open Streets Act would penalize lawbreakers through fines or up to five years of imprisonment.

    “The emerging tactic of radical protestors blocking roads and stopping commerce is not only obnoxious to innocent commuters, but it’s also dangerous and will eventually get people killed. It needs to be a crime throughout the country,” said Senator Tillis. “I’m proud to introduce the Safe and Open Streets Act so that radical activists who resort to these reckless and dangerous tactics are held accountable under the full weight of the law for endangering public safety.” 

    “Blocking major roads to stop traffic flows is nothing short of lawlessness that should not be tolerated,” said Senator Blackburn. “These activists are not only intentionally creating a dangerous situation for themselves, but perhaps for a citizen who is awaiting an ambulance or a hard worker who will lose their job for being late. The Safe and Open Streets Act is critical to stopping this reckless behavior, particularly by Hamas sympathizers, in our U.S. cities.”

    “For nearly a week, we watched as domestic terrorists assaulted ICE and law enforcement officers, set fire to cop cars, and blocked the streets of Los Angeles—all while Gavin Newsom and Karen Bass sat on their tails and did nothing,” said Senator Tuberville. “This is a prime example of what happens when lawlessness goes unpunished. The First Amendment gives us the right to freedom of assembly, but it doesn’t give the right to block our streets and put American lives at risk. I’m proud to join the Safe and Open Streets Act that penalizes and holds radical protestors accountable who put citizens in danger by purposely blocking our roadways.”

    “Protestors who willfully block traffic pose a serious threat to public safety by impacting the flow of emergency vehicles and personnel,” said Senator Budd. “They can also significantly inconvenience Americans trying to get to and from work, school, or important personal business. The First Amendment protects the right to assemble and protest peacefully, but it does not permit such behavior. I’m proud to join Sen. Tillis and our colleagues in ensuring America’s streets are kept clear for everyone.”

    “In America, people have the right to peacefully gather and make their voices heard. They do not have the right to obstruct roads, riot, and undermine people’s livelihoods,” said Dr. Cassidy. 

    Full text of the bill is available HERE.  

    MIL OSI USA News –

  • MIL-OSI Russia: Guatemala: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 23, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    An International Monetary Fund (IMF) mission led by Mr. Alexander Culiuc visited Guatemala City during June 10-20, 2025 for the 2025 Article IV consultation. At the end of the visit, the mission issued the following statement:

    • Prudent macroeconomic management has supported Guatemala’s resilience, delivering low inflation, robust policy buffers and a sustained current account surplus. With rising external uncertainty and mounting risks, stronger, more inclusive growth and poverty reduction can be achieved by accelerating reform implementation and enhancing policy coordination.
    • Raising private investment from current low levels requires complementary public inputs—infrastructure, educated and healthy labor force, security—which can only be adequately delivered by simultaneously raising public spending and improving its quality.
    • Improving quality and efficiency of spending entails better budget formulation, targeting, execution and control, and swift implementation of the anti-corruption agenda. We welcome the authorities’ efforts in this regard.
    • In the short term, existing fiscal space enables financing higher levels of spending with debt, with greater reliance on domestic borrowing.
    • In the medium term, raising revenues—primarily via comprehensive tax policy reform—would revert deficits to around 2 percent of GDP to preserve debt sustainability while maintaining priority spending at adequate levels.
    • Other structural and governance reforms pursued by the authorities, including in the financial and labor sectors—particularly urgent in the case of the AML/CFT law—will help support private sector growth. Continued commitment to dialogue and consensus-building can sustain progress on key legislative initiatives.

    Recent Economic Developments, Outlook, and Risks

    Guatemala’s economy remains resilient despite rising external risks and domestic challenges. Real GDP grew by 3.7 percent in 2024, supported by strong private consumption. Inflation has eased significantly, with headline inflation falling to 1.7 percent in May 2025, while core inflation remains near 4 percent, and inflation expectations are well anchored. The current account surplus narrowed to 2.9 percent of GDP in 2024 as imports picked up, while remittances stabilized at 19 percent of GDP and international reserves reached US$27.1 billion. Public debt remains low—under 27 percent of GDP—and Guatemala is now only one notch below investment grade. Banguat kept its policy rate unchanged at 4.5 percent since the 25bps cut in November 2024.

    Guatemala endeavors an investment-biased fiscal expansion. The August 2024 supplementary budget prioritized infrastructure and social spending and targeted a deficit of 2.7 percent of GDP; the realized deficit was significantly lower at 1 percent of GDP. The 2025 budget continues this expansionary approach, with a further increase in infrastructure and social allocations. While the original budget targeted a deficit of 3.2 percent of GDP, a supplementary budget, specifying carryovers from 2024 and one-off pension payments, raised the budget deficit to a notably high 3.8 percent of GDP.

    The outlook for 2025 is encouraging; sustaining the growth momentum over the medium term will require steadfast policy implementation. Real GDP growth is projected at 3¾ percent in 2025, with the fiscal impulse expected to help cushion the effects of softening global demand and high uncertainty. Beyond 2025, growth is projected to slightly exceed 3½ percent, although an acceleration in public infrastructure execution and structural reforms could push both actual and potential growth higher in the outer projection years. Headline inflation is expected to gradually converge toward the monetary policy target, while the fiscal deficit is projected to remain elevated by historical standards at just below 3 percent of GDP through the medium term. The current account surplus is expected to narrow and eventually close, while public debt is projected to climb above 30 percent of GDP in the medium term.

    The balance of risks is tilted to the downside. On the domestic front, there is a risk that ongoing political tensions could impede progress on legislative initiatives. Nonetheless, important progress has been made over the past year—including the approval of the 2025 budget and the competition law—demonstrating the capacity for reform even in a complex environment. Externally, intensified and/or protracted global trade disputes would weigh further on investment sentiment, although Guatemala is somewhat better positioned to weather additional trade shocks than some regional peers. Further changes in U.S. migration policy—including the proposed 3.5 percent excise tax on remittances—could disrupt remittance-supported consumption. On the upside, lower net emigration also offers a window to boost domestic employment if accompanied by targeted efforts to expand job opportunities in the formal private sector.

    Fiscal Policy

    The 2025 expansionary fiscal stance is appropriate, as private demand is projected to soften in the remainder of the year. Structural bottlenecks and recently strengthened anti-corruption controls are likely to limit the execution of capital spending, with the deficit projected at around 2½ percent of GDP, well below the revised budget of 3.8 percent. The historically high (1.3 percent of GDP) transfers to Departmental Development Councils (CODEDEs) require close oversight and monitoring amidst concerns of elevated risks of misallocation and inefficient use. The authorities’ ongoing multi-institutional efforts to strengthen the transparency, accountability, monitoring of CODEDEs transfers and capacity of municipalities are welcome and should be sustained.

    A combination of revenue and expenditure reforms is needed in the medium term. Authorities should seek ways of reverting fiscal deficits closer to historical levels (around 2 percent of GDP) without jeopardizing the much-needed surge in public infrastructure and social spending. The tax authority (SAT) has made commendable steps in strengthening compliance through the rollout of mandatory electronic invoicing, enhanced border enforcement to combat smuggling, and more robust audits of high-income individuals and large corporations. Efforts to improve mobilization—in line with the now-public 2024 TADAT report—should continue and be complemented in the medium term by comprehensive tax policy reforms. On the expenditure side, strengthening institutional capacity for systematic expenditure reviews and embedding the National Development Plan into annual and multi-year budgets would align public spending with strategic priorities. A new Public Procurement law—currently under consideration—could alleviate bottlenecks in the execution of capital spending. Improved targeting in social programs would further increase their effectiveness. Strengthening the Medium-Term Fiscal Framework and multiannual budget planning underpinned by realistic, sector-informed projections will bolster confidence—including of market participants—in fiscal sustainability.

    A well-calibrated financing strategy would help the macro-policy mix. While solid creditworthiness enables the government to borrow externally on favorable terms, greater reliance on domestic financing under a sound medium term debt management strategy (MTDS) would (i) reduce real appreciation pressures (which already weigh on Guatemala’s external competitiveness), (ii) help develop the domestic financial market, (iii) reduce currency risks, and (iv) lower costs of monetary policy operation incurred by Banguat to maintain price stability. The mission also encourages the Ministry of Finance to consolidate domestic issuances, introduce shorter-maturity instruments to help develop the yield curve, and regularly publish the MTDS and annual borrowing plans.

    Monetary and Exchange Policies

    The current monetary policy stance is broadly appropriate, but there is scope to further strengthen monetary policy transmission. The ex-ante real policy rate is at 1 percent, within the estimated range for the neutral real rate (1–2 percent). Given prevailing uncertainty regarding the inflationary impact of recent U.S. tariff measures and potential disruptions to global supply chains, there’s scope in maintaining the current policy stance and waiting for greater clarity before making further adjustments. Estimated passthrough of the policy rate to deposit rates has recently increased. More can be done, including by advancing financial market development and competition and reducing reliance on reserve requirements for liquidity management. These efforts should be underpinned by improvements in the legal framework and market infrastructure supporting monetary policy operations.

    Banguat’s response to large remittances inflows is appropriate and requires closer coordination with MinFin to address ensuing sterilization costs. Banguat’s FX participation rule delivers a reasonable balance between enabling higher consumption and maintaining external competitiveness. The resulting external position is stronger than fundamentals and desirable policies, but this positive current account gap should be closed by raising investment. On the flip side, Banguat’s policy necessarily relies on costly liquidity sterilization operations to keep inflation in check. While recent international financial conditions have been supportive of Banguat’s profitability, these costs could be further reduced through higher reliance on domestic debt to finance the budget, and closer coordination with MinFin on liquidity management. In the long term, ensuring Banguat’s financial strength will require consistent enforcement of legal provisions mandating budget to cover central bank losses.

    Financial Sector

    Maintaining financial stability requires continued close monitoring of the system. Guatemala’s banking system remains sound, with solid capital and liquidity buffers and strong profitability. The authorities have made important progress in bolstering the regulatory and supervisory framework through enhanced credit risk regulations, more robust stress testing, broader regulatory coverage, and the inclusion—on a voluntary basis—of savings and credit cooperatives in the Credit Risk Information System. These efforts should be reinforced by expanding risk-based supervision and strengthening oversight of fintech and digital financial services. Adopting revisions to the 2002 Law on Banks and Financial Groups, transitioning to International Financial Reporting Standards, advancing the draft Secondary Market Law, approving the e-money law and continued implementation of other elements of the financial inclusion strategy are needed.

    Governance and Structural Agenda

    Strengthening governance and advancing structural reforms are critical to fostering inclusive growth and restoring public trust. Key legislative priorities include the adoption of a revised AML/CFT Law aligned with international standards, the Beneficial Ownership Law, the Public Procurement Law and the Law for the Protection of Whistleblowers to ensure secure reporting channels and legal safeguards. With GAFILAT mutual evaluation expected in 2027, further delays with the AML/CFT law could complicate Guatemala’s path to investment grade. Institutional progress—such as the creation of the National Commission Against Corruption and the rollout of probity offices across executive institutions—should be consolidated through a medium-term anti-corruption strategy. Accelerating infrastructure investment through amendments to the law on Partnerships for Development of Economic Infrastructure, and a new law on ports is essential to close persistent gaps and crowd in private investment. Continued efforts to formalize the economy and improve the business environment will help prepare the economy for the impact of lower net emigration on the labor market.

    The mission wishes to thank the Guatemalan authorities for their cooperation and openness in the exchanges throughout our visit and wishes them every success in their efforts to move the country towards a new equilibrium characterized by high, inclusive and sustainable growth.

    Guatemala: Selected Economic Indicators

     

     

    Projections

    2023

    2024

    2025

    2026

    2027

    2028

    2029

       (Annual percent change, unless otherwise indicated)

    Income and prices

    Real GDP

    3.5

    3.7

    3.8

    3.6

    3.6

    3.7

    3.8

    Inflation (average)

    6.2

    2.9

    2.4

    4.0

    4.0

    4.0

    4.0

    (In percent of GDP, unless otherwise indicated)

    External Sector

    		  

    Current Account Balance

    3.1

    2.9

    2.5

    1.7

    1.3

    0.7

    0.2

    Trade Balance (goods and services)

    -15.1

    -15.5

    -15.9

    -15.8

    -15.4

    -15.0

    -14.7

    Remittances

    19.0

    19.0

    18.8

    18.0

    17.1

    16.3

    15.5

    Financial Account (“+” = net lending)

    2.7

    2.5

    2.5

    1.7

    1.3

    0.7

    0.2

    Central Government Finances

    Total Revenues

    12.5

    12.4

    12.4

    12.4

    12.4

    12.4

    12.4

    Tax Revenues

    11.7

    11.8

    11.7

    11.7

    11.7

    11.7

    11.7

    Total Expenditure

    13.7

    13.4

    15.0

    15.1

    15.3

    15.2

    15.2

    Current

    11.2

    11.0

    11.8

    11.7

    11.9

    11.9

    12.0

    Capital

    2.5

    2.4

    3.2

    3.4

    3.4

    3.3

    3.2

    Primary Balance

    0.4

    0.7

    -1.0

    -1.1

    -1.2

    -1.0

    -1.0

    Overall Balance

    -1.3

    -1.0

    -2.6

    -2.8

    -2.9

    -2.8

    -2.8

    Central Government Debt

    Gross Central Government Debt

    27.2

    26.3

    27.1

    28.0

    28.9

    29.6

    30.2

    Source: Bank of Guatemala; Ministry of Finance; and Fund staff estimates and projections. 
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

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

    https://www.imf.org/en/News/Articles/2025/06/23/guatemala-staff-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Former Chairman and CEO of Publicly Traded Health Care Company Sentenced to 42 Months in Prison for Insider Trading

    Source: US State of Vermont

    Sentence is the First Insider Trading Prosecution Based Exclusively on Use of Rule 10b5-1 Trading Plans

    The former CEO and chairman of the board of directors of Ontrak Inc., a Miami-based publicly traded health care company, was sentenced today to 42 months in prison for engaging in an insider trading scheme using Rule 10b5-1 stock trading plans to avoid losses of more than $12.5 million.

    Terren Scott Peizer, 65, a resident of Puerto Rico and Santa Monica, was sentenced by  U.S. District Judge Dale S. Fischer, who also ordered him to pay a fine of $5.25 million and forfeit more than $12.7 million in ill-gotten gains.

    “Terren Peizer betrayed the trust of Ontrak’s investors, trading on inside information to offload company stock before a substantial price decline,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division.  “Today’s just sentence reflects the Criminal Division’s hard work and commitment to prosecuting frauds that harm American investors. The Criminal Division will use the tools at its disposal to combat sophisticated frauds that exploit our securities markets.”

    “Insiders must not be allowed to put their thumbs on the scales of the stock market,” said U.S. Attorney Bill Essayli for the Central District of California. “Individuals who impugn the integrity of our markets can and will face prison time for their crimes.”

    In May 2021, Peizer entered into his first 10b5-1 trading plan shortly after learning that the relationship between Ontrak and its largest customer was deteriorating, and that the customer had expressed serious reservations about continuing its contract with Ontrak. Peizer later learned that the customer informed Ontrak of its intent to terminate the contract. In August 2021, Peizer entered into his second 10b5-1 trading plan minutes after Ontrak’s chief negotiator for the contract told Peizer that the contract likely would be terminated.

    In establishing his 10b5-1 plans, Peizer refused to engage in any “cooling-off” period — the time between when he entered into the plan and when he sold stock — despite warnings from two brokers, a senior Ontrak executive, and attorneys. Instead, Peizer began selling shares of Ontrak on the next trading day after establishing each plan. On Aug. 19, 2021, just six days after Peizer adopted his 10b5-1 plan, Ontrak announced that the customer had terminated its contract and Ontrak’s stock price declined by more than 44%.

    In June 2024, Peizer was found guilty after a 10 day jury trial of one count of securities fraud and two counts of insider trading. The case is part of a data-driven initiative led by the Criminal Division’s Fraud Section to identify executive abuses of 10b5-1 trading plans. 

    The FBI investigated the case. The Justice Department appreciates the substantial assistance of FINRA’s Criminal Prosecution Assistance Group.

    Trial Attorney Matthew Reilly of the Criminal Division’s Fraud Section and the U.S. Attorney’s Office for the Central District of California prosecuted the case. Assistant U.S. Attorney Jonathan Galatzan for the Central District of California assisted with the forfeiture proceedings.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom honors fallen Los Angeles Police Sergeant

    Source: US State of California 2

    Jun 23, 2025

    SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of Los Angeles Police Department (LAPD) Sergeant Shiou Deng:

    “Jennifer and I are heartbroken by the loss of Sergeant Deng, who dedicated more than 26 years to serving the Los Angeles community with pride and purpose. We join his family, friends, and fellow officers in mourning, and in honoring his memory. May his service never be forgotten.” 

    On June 23, LAPD Sergeant Deng was fatally injured while assisting at a crash on southbound I-405 near Getty Center Drive. After stopping to help, he was struck by another vehicle that collided with the original crash. Despite lifesaving efforts by the California Highway Patrol and the Los Angeles Fire Department, Sergeant Deng succumbed to his injuries. 

    Sergeant Deng, 53, has been with the LAPD for over 26 years. During his career, he spent 17 years in the Mental Evaluation Unit, a specialized team within the LAPD that handles calls involving individuals experiencing mental health crises. Two years ago, he was promoted to sergeant and assigned to the West Los Angeles Division.

    He is survived by his wife and parents. 

    In honor of Sergeant Deng, flags at the State Capitol and Capitol Annex Swing Space will be flown at half-staff.

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  • MIL-OSI Security: Two-Hundred-Fifty-One New Immigration Cases Filed in Western District of Texas, Fewest Since March

    Source: US FBI

    SAN ANTONIO –United States Attorney Justin R. Simmons for the Western District of Texas announced today, that federal prosecutors in the district filed 251 new immigration and immigration-related criminal cases from June 13 through 19.

    Among the new cases, U.S. citizens Derrick Eugene Huntington, 39, and Michael Jerear Smith Jr., 39, of Arlington, along with Christina Elena Duggan-Rankin, 42, of Huffman, were arrested at an immigration checkpoint near Carrizo Springs after they were allegedly discovered conspiring to transport four illegal aliens concealed in two separate vehicles. A criminal complaint alleges that Huntington and Smith occupied a sedan carrying an illegal alien in the trunk, while Duggan-Rankin drove an SUV with one illegal alien hidden on the floorboard in the passenger compartment and two others in the rear of the vehicle. The complaint further alleges that the three Americans admitted to conspiring with a facilitator to transport the aliens to a location near San Antonio for monetary gain, and that cell phone evidence revealed photos of the smuggled aliens and communications with the facilitator, along with a pin-drop of the pick-up location. Huntington, Smith and Duggan-Rankin are each charged with bringing in and harboring aliens.

    In a separate case, U.S. citizens Raul Hilario Alvarado, 24, and Timothey Nathan Easterling, 40, were arrested during a vehicle stop on Highway 85 near Big Wells for allegedly transporting two illegal aliens. During an immigration inspection, a criminal complaint alleges, one backseat passenger was determined to be illegally present in the U.S., while a second illegal alien was found in the trunk of the vehicle. According to the criminal complaint, both defendants admitted to conspiring with a facilitator and that they were going to be paid up to $2,500 for transporting the illegal aliens.

    Mexican nationals Israel Moreno-Salgado, 38, and Jose Hector Ramirez Roman, 43, were arrested near Maverick and charged with illegal re-entry felonies. Moreno-Salgado has been previously removed from the U.S. eight times, the most recent being April 1. Ramirez Roman has been removed from the U.S. five times, the latest being Jan. 22. Honduran national Delmar Sanchez-Zuniga, 42, was also arrested near Maverick for illegal re-entry. The three-time felon, with convictions for possession of a controlled substance, possession of a firearm by a felon, and a previous illegal re-entry conviction, has been deported twice before, the last being Dec. 13, 2024.

    Mexican national Jose Rodolfo Cruz-Lopez was arrested and charged with illegal re-entry in El Paso. Court documents reveal that, in May 2023, Cruz-Lopez was convicted of three felonies related to child abduction in Elizabethtown, North Carolina. He was removed from the U.S. to Mexico in October 2023. Also a Mexican national, Edwin Enrique Carpio-Lopez was arrested for illegal re-entry, having been removed from the U.S. five times, the last being on Feb. 11. Additionally, immigration records show Carpio-Lopez has been granted four voluntary returns and has been expelled 17 times under Title 42.

    On June 14, U.S. Border Patrol agents in El Paso attempted a traffic stop after they allegedly observed multiple individuals enter a pick-up truck near the border. A criminal complaint alleges that the driver of the truck, identified as Mexican national Ruben Alfredo Carrillo-Castruita¸ fled at a high rate of speed in a reckless manner, running several red lights before exiting the vehicle at an intersection and fleeing on foot. An assisting Texas Department of Public Safety trooper was able to apprehend Carrillo-Castruita, while the two passengers who fled from the pick-up were located by Border Patrol agents. The complaint alleges that Carrillo-Castruita admitted to being hired by a smuggler and was going to be paid $300 per illegal alien. The defendant was previously convicted for transporting illegal aliens in New Mexico in May 2023.

    Heriberto Betancourt-Morales, a Mexican national, was charged in a criminal complaint for conspiracy to bring in aliens as the result of a U.S. Border Patrol investigation that identified him as a person involved in human smuggling. The complaint alleges that Betancourt-Morales was previously removed from El Paso to Ciudad Juarez on Sept. 21, 2024, and had transported multiple illegal aliens in May 2025. In one victim account, Betancourt-Morales allegedly carried a makeshift ladder for an alien to climb the border fence and pushed them over the fence causing the alien to fall and sustain injuries. Another victim cited in the complaint alleged that Betancourt-Morales and other smugglers transported her to multiple stash houses in Mexico prior to making illegal entry using a makeshift ladder to climb the fence. A third victim also identified Betancourt-Morales as an individual who conducted random checkups and gave orders at a stash house in Ciudad Juarez, where she was harbored with more than 10 other subjects.

    These cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with additional assistance from state and local law enforcement partners.

    The U.S. Attorney’s Office for the Western District of Texas comprises 68 counties located in the central and western areas of Texas, encompasses nearly 93,000 square miles and an estimated population of 7.6 million people. The district includes three of the five largest cities in Texas—San Antonio, Austin and El Paso—and shares 660 miles of common border with the Republic of Mexico.

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

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Former Chairman and CEO of Publicly Traded Health Care Company Sentenced to 42 Months in Prison for Insider Trading

    Source: United States Attorneys General

    Sentence is the First Insider Trading Prosecution Based Exclusively on Use of Rule 10b5-1 Trading Plans

    The former CEO and chairman of the board of directors of Ontrak Inc., a Miami-based publicly traded health care company, was sentenced today to 42 months in prison for engaging in an insider trading scheme using Rule 10b5-1 stock trading plans to avoid losses of more than $12.5 million.

    Terren Scott Peizer, 65, a resident of Puerto Rico and Santa Monica, was sentenced by  U.S. District Judge Dale S. Fischer, who also ordered him to pay a fine of $5.25 million and forfeit more than $12.7 million in ill-gotten gains.

    “Terren Peizer betrayed the trust of Ontrak’s investors, trading on inside information to offload company stock before a substantial price decline,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division.  “Today’s just sentence reflects the Criminal Division’s hard work and commitment to prosecuting frauds that harm American investors. The Criminal Division will use the tools at its disposal to combat sophisticated frauds that exploit our securities markets.”

    “Insiders must not be allowed to put their thumbs on the scales of the stock market,” said U.S. Attorney Bill Essayli for the Central District of California. “Individuals who impugn the integrity of our markets can and will face prison time for their crimes.”

    In May 2021, Peizer entered into his first 10b5-1 trading plan shortly after learning that the relationship between Ontrak and its largest customer was deteriorating, and that the customer had expressed serious reservations about continuing its contract with Ontrak. Peizer later learned that the customer informed Ontrak of its intent to terminate the contract. In August 2021, Peizer entered into his second 10b5-1 trading plan minutes after Ontrak’s chief negotiator for the contract told Peizer that the contract likely would be terminated.

    In establishing his 10b5-1 plans, Peizer refused to engage in any “cooling-off” period — the time between when he entered into the plan and when he sold stock — despite warnings from two brokers, a senior Ontrak executive, and attorneys. Instead, Peizer began selling shares of Ontrak on the next trading day after establishing each plan. On Aug. 19, 2021, just six days after Peizer adopted his 10b5-1 plan, Ontrak announced that the customer had terminated its contract and Ontrak’s stock price declined by more than 44%.

    In June 2024, Peizer was found guilty after a 10 day jury trial of one count of securities fraud and two counts of insider trading. The case is part of a data-driven initiative led by the Criminal Division’s Fraud Section to identify executive abuses of 10b5-1 trading plans. 

    The FBI investigated the case. The Justice Department appreciates the substantial assistance of FINRA’s Criminal Prosecution Assistance Group.

    Trial Attorney Matthew Reilly of the Criminal Division’s Fraud Section and the U.S. Attorney’s Office for the Central District of California prosecuted the case. Assistant U.S. Attorney Jonathan Galatzan for the Central District of California assisted with the forfeiture proceedings.

    MIL Security OSI –

  • MIL-OSI USA: Schatz Statement On U.S. Military Action In Iran

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i), a member of the Senate Foreign Relations Committee, released the following statement on U.S. military action in Iran.

    “This strike ordered by President Trump is a reckless and dangerous escalation that puts American lives at risk and threatens our national security. It was carried out without congressional approval and with no clear plan for what comes next beyond more chaos and bloodshed.

    “We’ve all seen what happens when the United States gets dragged into an endless war in the Middle East — lives lost, trillions spent, and no lasting peace or security. We cannot continue to repeat the mistakes of the past.”

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Newly established Badenoch and Strathspey Transport Forum meets for the first time

    Source: Scotland – Highland Council

    The inaugural meeting of Badenoch and Strathspey’s Local Transport Forum took place today in Grantown on Spey.

    Representatives from community councils and partner organisations came together to discuss the scope and membership of the forum as agreed by the Badenoch and Strathspey Area Committee.

    Chair of the Badenoch and Strathspey Committee, Councillor Russell Jones, said: “I’m pleased to see community groups coming together to take forward the newly established Local Transport Forum which was agreed in April. The forum provides an opportunity for local people to share concerns and ideas, engage directly with transport operators and build strong relationships with partner organisations.

    “With many rural communities throughout Badenoch and Strathspey, transport is particularly important for this area and the forum will act as a central point of contact for transport issues and ensure that local people can be involved in the development of improved transport solutions, covering everything from active travel to buses and trains and linking all of these together. The aim is to support local people to move around our area more easily and when best suits them.

    “‘My ward colleagues and I will be actively involved in this forum at all times, and we look forward to working with Community Council representatives, partner organisations and transport providers. We are determined to see results for local residents, and I look forward to working with the community on this as Chair of the new Transport Forum.”

    Members of the Badenoch and Strathspey Committee agreed to establish the Local Transport Forum at the last committee meeting on 28 April. Regular meetings of the forum will take place after the summer recess, with venues alternating between Badenoch and Strathspey.

    23 Jun 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Highland Council to deliver housing energy efficiency upgrades with ECO funding

    Source: Scotland – Highland Council

    The Highland Council will deliver a transformative programme of energy efficiency upgrades across Council housing supported by a £9.2 million Energy Company Obligation (ECO) funding proposal secured by Union Technical.

    The funding proposal will deliver approximately 1,000 individual energy efficiency measures to Council owned properties across the Highlands, and the upgrades will focus on reducing carbon emissions, improving thermal comfort, and lowering energy bills for tenants.

    Councillor Glynis Campbell Sinclair, Chair of Highland Council’s Housing and Property Committee, said: “This is a fantastic programme which will allow us to improve the quality and condition of our properties for tenants throughout the Highlands. The programme is a crucial step towards decarbonising Highland Council housing and will ensure our tenants benefit from warmer and more efficient homes.”

    The programme includes:

    • Insulation to reduce heat loss and improve building envelope performance and enhance thermal retention
    • Installation of air source heat pumps (ASHPs) to replace old inefficient storage heaters and panel heaters.  These low carbon systems extract ambient heat from the air and are up to 300% efficient.
    • Solar photovoltaic (PV) systems to generate renewable electricity on-site, allowing tenants to benefit from generation at source and lowering tenant energy costs.

    The energy efficiency measures are also expected to significantly improve the Energy Performance Certificate ratings of properties, which will support the Council in meeting statutory targets such as the Scottish Housing Quality Standard and Energy Efficiency Standard for Social Housing.

    Additionally, the Council continues to deliver the Energy Efficient Scotland: Area Based Scheme (EES:ABS), funded by the Scottish Government, which provides support for owner occupiers and private rented tenants.  This programme offers funding for similar energy efficiency measures, subject to Scottish Government eligibility, and can help to lower fuel costs and improving living conditions for tenants.

    The Council continues to explore various external funding streams to support the ongoing delivery of energy efficiency measures across Council housing.

    More information is available on The Highland Council website.

    23 Jun 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: New brain-injury supportive living home will better support people

    Source: Government of Canada regional news

    Lana Popham, MLA for Saanich South –

    “This supportive living home with a focused model of support will meet the unique needs of people living with acquired brain injuries on Vancouver Island. The opening of Connect Saanich Peninsula represents hope and new opportunities for specialized community-based healing and support closer to home.”

    Leah Hollins, board chair, Island Health –

    “This new service aligns with Island Health’s goal to provide patient-centred, accessible and equitable care for Vancouver Island residents, and will address an identified gap in specialized brain-injury services on the south Island. By expanding and improving the services provided to people living with brain injuries, we can improve quality of life for clients, provide hope for improved wellness, support families and caregivers and reduce strain on hospitals and long-term care resources.”

    Ashley Ormiston, regional program co-ordinator, brain injury program, Island Health –

    “Living with a brain injury can be life-altering. With early intervention and focused, timely interventions, we know people with brain injuries can begin to recover, improve their health, gain independence and reintegrate into society.”

    Patti Flaherty, CEO, Connect Communities –

    “We are thrilled to partner with Island Health and expand Connect’s Life Redesign Model to Vancouver Island. Our team has more than 30 years of experience supporting individuals after brain injury and stroke in Langley, Kelowna and Ontario. Our south-Island location will help empower and coach the people we support to redesign their lives to find meaning and connection.”

    MIL OSI Canada News –

  • MIL-OSI Asia-Pac: Tourism Strategy Committee holds fourth meeting (with photos)

    Source: Hong Kong Government special administrative region

    Tourism Strategy Committee holds fourth meeting  
         Members expressed their recognition to the KTSP since its commissioning, which was well received by both the tourism industry and the visitors. Members put forward suggestions for optimising the transportation and catering arrangements during mega events as well as strengthening cross-sector collaboration with the tourism industry.
     
         Regarding the preliminary land use proposal of the sites around Hung Hom Station and its waterfront areas, members considered that with panoramic views of Victoria Harbour, the waterfront areas were well-positioned to be re-planned and developed into a new harbourfront landmark that would integrate leisure and entertainment, dining and retail, and water-friendly elements. As for the utilisation of water body, members agreed that the water body adjacent to the former Hung Hom Freight Yard site should be put to good use. The proposed world-class yacht berthing facilities to be provided thereat could be integrated with land-based facilities for retail, dining and entertainment so as to promote yacht tourism. Members also recommended the Government to provide space for setting up land-side ancillary facilities to support the operation of the yacht berthing facilities. The DEVB is currently consulting the public and stakeholders on the preliminary land use proposal. The consultation period will end on July 5, 2025. The Government will take into account members’ recommendations and the feedback received during the consultation period when refining the development proposal and finalising the detailed development parameters. The target is to commence the relevant statutory procedures in the second half of 2026.
     
    In addition, members also exchanged views with Hong Kong Tourism Board’s representatives regarding Hong Kong’s latest tourism performance and relevant statistics. For the first five months of 2025, Hong Kong received more than 20 million visitor arrivals, a 12 per cent increase year-on-year. Among the visitors, about 15 million came from the Mainland, a 10 per cent rise year-on-year. Growth momentum is sustained across various non-Mainland markets, with around 5 million visitor arrivals in the first five months, an 18 per cent rise year-on-year. Number of visitor arrivals from Japan, South Korea, the Philippines, Indonesia and Taiwan and increasing more than 20 per cent year-on-year respectively. For Australia, a significant growth of more than 30 per cent was recorded.
     
    The Committee is tasked to provide the Government with strategic advice and foster collaboration among different stakeholders in tourism and related sectors for further promoting the long-term and sustainable development of Hong Kong’s tourism industry. Members include prominent figures and key leaders from the tourism and other related sectors such as culture, sports, retail and catering.
    Issued at HKT 21:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Home Affairs Department Issues Statement on Impersonation Incident

    Source: Hong Kong Government special administrative region

    Home Affairs Department Issues Statement on Impersonation Incident

    The Home Affairs Department (HAD) today (June 23) noted an unidentified individual impersonating “Tai Po District Officer” posting a statement under the name of the “Tai Po District Care Teams Alliance” in a Facebook group named “Tai Po”. The HAD would like to point out clearly that the content of the aforementioned post and the so-called statement were false, and were not issued by Tai Po District Officer or District Services and Community Care Teams (Care Teams). In response to the post, the HAD has taken immediate action to report the case to the Police for investigation, and contact the relevant social media platform to request prompt removal of the false content.

    The Government will take serious action in accordance with the law against impersonation of public officers or posting of any false information in the name of Care Teams. The HAD calls on members of the public to remain vigilant, and to report any suspicious activity to the HAD’s hotline at 2835 2500 or to the Police. The public is also reminded to obtain accurate information through official Government channels and to refrain from trusting or forwarding unverified online messages.

    The formation of Care Teams aims to consolidate community resources to care for the community and strengthen district networks in support of district-based initiatives. Care Teams carry out caring activities, such as visiting those in need, and assist in handling incidents and emergencies. Care Teams also help the Government disseminate information and relay feedback of the community. For further details about the Care Teams, please visit the HAD website: www.had.gov.hk/en/public_services/district_services_community_care_teams.

    Ends/Monday, June 23, 2025
    Issued at HKT 22:51

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Anesthesia Delivery Systems Recall: GE HealthCare Issues Correction for Certain Carestations due to Risk of Ineffective Ventilation When Used in Volume Control Ventilation (VCV) Mode 

    Source: US Department of Health and Human Services – 3

    This recall involves correcting certain devices and does not involve removing them from where they are used or sold. The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without correction.  
    Affected Product
    •    Product Names: Carestation 620/650/650c and 750/750c Anesthesia Systems

    Full List of Affected Devices

    Product

    Ref Number

    UDI Number

    Carestation 620 A1  

    1012-9620-200  

    00195278439536  

    Carestation 650C A1  

    1012-9655-200  

    00195278439543  

    Carestation 650 A1  

    1012-9650-200  

    00195278439529  

    Carestation 620 A1  

    1012-9620-000  

    00840682103985  

    Carestation 650 A1  

    1012-9650-000  

    00840682103947  

    Carestation 650c A1  

    1012-9655-000  

    00840682103954  

    Carestation 620 A2  

    1012-9620-002  

    00840682124546  

    Carestation 650 A2  

    1012-9650-002  

    00840682124560  

    Carestation 650c A2  

    1012-9655-002  

    00840682124539  

    Carestation 650 SE A2  

    1012-9650-012  

    00195278569684  

    Carestation 620 SE A2  

    1012-9620-012  

    00195278569677  

    Carestation 750 A1  

    1012-9750-000  

    00840682145596  

    Carestation 750c A1  

    1012-9755-000  

    00840682146425  

    Carestation 750 A2  

    1012-9750-002  

    00840682146470  

    Carestation 750c A2  

    1012-9755-002  

    00840682146463  

    What to Do
    On March 21, 2025, GE HealthCare sent all affected customers an urgent medical device correction notice recommending the following actions:  

    Ensure users are made aware not to use Volume Control Ventilation (VCV) mode on the device until the device has been corrected by GE HealthCare. 
    Ensure all potential staff in your facility are made aware of this safety notification and the recommended actions.
    Complete and return the Medical Device Notification Acknowledgement Response Form.  
    Perform the Ventilation Screening Test for each affected Carestation system. 

    If the Carestation system passes the Ventilation Screening Test, you can continue to use the device in accordance with the instructions in the User Reference Manual (URM). 

    If the Carestation system fails the Ventilation Screening Test and must be used prior to the system being corrected by GE HealthCare, follow these instructions:

    Use the device in accordance with the instructions in the URM with these changes: 

    Use only Pressure Control Ventilation (PCV) or Pressure Control Ventilation Volume Guarantee (PCV-VG) mode to mechanically ventilate a patient.  
    Do not use Volume Control Ventilation (VCV) mode to mechanically ventilate a patient. 

    NOTE: Manual mode of the anesthesia system can be used to provide manual ventilation or allow spontaneous ventilation of the patient.  
    Reason for Correction
    GE HealthCare is correcting certain Carestation devices due to the risk that they may not provide effective ventilation when used in Volume Control Ventilation (VCV) mode. In these systems, effective ventilation can be achieved in Pressure Control Ventilation (PCV) or Pressure Control Ventilation Volume Guarantee (PCV-VG) modes or with manual ventilation. If this issue occurs, it will be apparent to the user through observation and multiple alarms. The inflated bellows, visible through transparent glass, will stop moving and an audible alarm and visual Unable to Drive Bellows message will alert the user. Additional alarms including Apnea, EtCO2 low, MVexp low, RR low, and TVexp low will also alert the user to inadequate ventilation.
    The use of affected product may cause serious adverse health consequences, including failure of ventilation resulting in hypoxia (inadequate oxygen levels) and death.  
     At this time, GE HealthCare has reported no serious injuries or deaths related to this issue.
    Device Use
    Intended use of the Carestation is to provide monitored anesthesia care, general inhalation anesthesia and/or ventilatory support to a wide range of patients (neonatal, pediatric, and adult). The anesthesia systems are suitable for use in a patient environment, such as hospitals, surgical centers, or clinics by a clinician qualified in the administration of general anesthesia.
    Contact Information
    Customers in the U.S. with questions about this recall should contact GE HealthCare Service at 1-800-437-1171.  
    Additional FDA Resources (listed in order of most to least recent):

    Unique Device Identifier (UDI)
    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from distribution to use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified more quickly, and as a result, problems potentially resolved more quickly.

    How do I report a problem?
    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program. 

    Content current as of:
    06/23/2025

    Regulated Product(s)

    MIL OSI USA News –

  • MIL-OSI Africa: Cabo Verde: Unlocking Inclusive Growth Through Increased Resilience and Equal Opportunities


    Download logo

    Cabo Verde’s economy continues on a strong recovery path, according to the latest Cabo Verde Economic Update 2025, released today by the World Bank. Real GDP in Cabo Verde grew by 7.3% in 2024, supported by robust tourism activity and a modest recovery in agriculture. However, while the country has made notable strides – particularly in macroeconomic management, debt reduction, and poverty alleviation – key vulnerabilities remain. These include reliance on tourism, exposure to external shocks, and fiscal pressures from state-owned enterprises (SOEs).

    The report, titled Unlocking Women’s Economic Potential, analyses the country’s economic growth projections, highlights progress on poverty alleviation, and outlines the structural reforms needed to ensure sustained and inclusive growth. The report also includes a special topic, focused on leveraging women’s economic potential.

    “Cabo Verde’s recovery is a testament to the resilience of its people and institutions. But to transform this rebound into lasting and inclusive prosperity, bold reforms are needed – particularly to improve SOE governance, support women’s economic participation, and diversify the economy,” said Indira Campos, World Bank Resident Representative for Cabo Verde.

    The report notes that inflation dropped to 1% in 2024 – its lowest level in recent years – helping to bring poverty down to 14.4% ($3.65 a day 2017PPP line). Public investment execution increased, debt levels continued to decline, and the current account posted a surplus for the first time in four years.

    Looking ahead, GDP growth is projected at 5.9% in 2025, with poverty expected to fall further. However, the report warns that global uncertainties, commodity price shocks, and climate risks could affect the pace of growth and reform. Among the recommendations, the report calls for accelerated efforts to improve SOE performance, prudence in creating new ventures, and for maintaining fiscal discipline while investing in high-impact projects.

    The report highlights the critical need for policies to ensure growth is inclusive. Despite progress in education and health, Cabo Verdean women continue to face labor market barriers. The report finds that closing gender gaps in employment and earnings could boost GDP by up to 12.2% in the long-term.

    To achieve this, the report recommends:

    • Expanding access to childcare and flexible work arrangements.
    • Promoting women’s skills in science, technology, engineering, and mathematics (STEM), as well as in technical and vocational education and training.
    • Tackling employer discrimination and transforming social norms.

    “By aligning reform efforts with inclusive policies, Cabo Verde has a unique opportunity to strengthen resilience, empower more citizens – especially women – and build a more sustainable and equitable future,” said Anna Carlotta Massingue, Senior Country Economist.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa –

  • MIL-OSI USA: Senators Demand SDNY Misconduct Records Ahead of Emil Bove’s Nomination Hearing

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. –  U.S. Senators Cory Booker (D-NJ), Peter Welch (D-VT), Mazie Hirono (D-HI), Sheldon Whitehouse (D-RI), Richard Blumenthal (D-CT), Adam Schiff (D-CA), and Alex Padilla (D-CA), all members of the Senate Judiciary Committee, wrote a letter to Interim U.S. Attorney for the Southern District of New York (SDNY) Jay Clayton requesting personnel records relevant to Emil Bove III, President Trump’s nominee to the United States Court of Appeals for the Third Circuit.

    From 2012 to 2021, Mr. Bove served as an Assistant U.S. Attorney in the U.S. Attorney’s Office for the Southern District of New York (SDNY). During his tenure at SDNY, Mr. Bove was promoted to Acting Deputy Chief for the Narcotics Unit in 2019 and, later, Co-Chief of the Terrorism and International Narcotics Unit from 2019 to 2021.

    “According to public reporting, Mr. Bove’s unprofessional and unethical conduct and his vindictive and angry temperament with opposing counsel and his own colleagues led to multiple complaints, professional interventions, and the threat of demotion throughout his career at SDNY. In 2018, a group of federal criminal defense attorneys in Manhattan were so alarmed by Mr. Bove’s pattern of unethical conduct that they wrote his supervisors at SDNY to warn them that he was a liability for the office,” the Senators wrote. The Senators’ letter includes the text of that complaint, which described Mr. Bove as the “prosecutor version of a drunk driver — completely reckless and out of control.”

    “Mr. Bove’s record of alleged abuse of power, ethical lapses, dishonesty, and unstable, abusive behavior during his tenure as a federal prosecutor warrants a thorough review of his employment

    history at SDNY by members of the Judiciary Committee. Mr. Bove now seeks a lifetime appointment to a federal appeals court, an office that carries immense power and limited accountability. It is also a role that requires constant collaboration with and deep trust amongst all of the judges on the appeals court. Bove’s documented conduct raises serious concerns about his fitness for such a role,” the Senators continued. 

    The Senators requested the following records by no later than June 23, 2025:

    1. All internal complaints, formal and informal, against Mr. Bove during his tenure at the SDNY.
    2. All external complaints submitted to SDNY, including from opposing counsel, during his tenure at the SDNY.
    3. All records regarding Mr. Bove’s management style and alleged abusive behavior.

    To read the full text of the letter, click here. 

    MIL OSI USA News –

  • MIL-OSI USA: Senators Demand SDNY Misconduct Records Ahead of Emil Bove’s Nomination Hearing

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. –  U.S. Senators Cory Booker (D-NJ), Peter Welch (D-VT), Mazie Hirono (D-HI), Sheldon Whitehouse (D-RI), Richard Blumenthal (D-CT), Adam Schiff (D-CA), and Alex Padilla (D-CA), all members of the Senate Judiciary Committee, wrote a letter to Interim U.S. Attorney for the Southern District of New York (SDNY) Jay Clayton requesting personnel records relevant to Emil Bove III, President Trump’s nominee to the United States Court of Appeals for the Third Circuit.

    From 2012 to 2021, Mr. Bove served as an Assistant U.S. Attorney in the U.S. Attorney’s Office for the Southern District of New York (SDNY). During his tenure at SDNY, Mr. Bove was promoted to Acting Deputy Chief for the Narcotics Unit in 2019 and, later, Co-Chief of the Terrorism and International Narcotics Unit from 2019 to 2021.

    “According to public reporting, Mr. Bove’s unprofessional and unethical conduct and his vindictive and angry temperament with opposing counsel and his own colleagues led to multiple complaints, professional interventions, and the threat of demotion throughout his career at SDNY. In 2018, a group of federal criminal defense attorneys in Manhattan were so alarmed by Mr. Bove’s pattern of unethical conduct that they wrote his supervisors at SDNY to warn them that he was a liability for the office,” the Senators wrote. The Senators’ letter includes the text of that complaint, which described Mr. Bove as the “prosecutor version of a drunk driver — completely reckless and out of control.”

    “Mr. Bove’s record of alleged abuse of power, ethical lapses, dishonesty, and unstable, abusive behavior during his tenure as a federal prosecutor warrants a thorough review of his employment

    history at SDNY by members of the Judiciary Committee. Mr. Bove now seeks a lifetime appointment to a federal appeals court, an office that carries immense power and limited accountability. It is also a role that requires constant collaboration with and deep trust amongst all of the judges on the appeals court. Bove’s documented conduct raises serious concerns about his fitness for such a role,” the Senators continued. 

    The Senators requested the following records by no later than June 23, 2025:

    1. All internal complaints, formal and informal, against Mr. Bove during his tenure at the SDNY.
    2. All external complaints submitted to SDNY, including from opposing counsel, during his tenure at the SDNY.
    3. All records regarding Mr. Bove’s management style and alleged abusive behavior.

    To read the full text of the letter, click here. 

    MIL OSI USA News –

  • MIL-OSI Europe: Press release – Green claims: Committee Chairs react to cancellation of negotiations

    Source: European Parliament

    Following the Commission’s announcement it intends to withdraw the legislative proposal on green claims, the Council decided to cancel talks with Parliament scheduled for today.

    Anna Cavazzini (Greens/EFA, DE), Chair of the Committee on Internal Market and Consumer Protection, and Antonio Decaro (S&D, IT), Chair of the Committee on the Environment, Climate and Food Safety, commented on this last-minute cancellation:

    “Less than three hours before the start of the final trilogue, we learned of the Presidency’s unwillingness to engage in negotiations with the Parliament and the Commission, because of the Commission’s recent announcements and the change of positions within the Council itself.

    “This modus operandi could set a dangerous precedent for the legislative process and institutional procedures, leading to unnecessary and avoidable confrontation among co-legislators. We do not believe it is fair to deprive Parliament of the opportunity to finalise the negotiations on a directive after two years of legislative process and countless hours of work.

    “We are thus being prevented from discussing and hopefully agreeing on an important directive that serves to build environmental awareness and consumer trust by making environmental marketing claims more reliable and verifiable. What’s more, fighting greenwashing would create a more level playing field for businesses that already work sustainably.

    As Chairs of the responsible committees at the European Parliament, we are ready to continue negotiations as soon as possible by resuming the institutional dialogue.”

    Parliament’s co-rapporteurs Sandro Gozi (Renew, FR) from the Committee on Internal Market and Consumer Protection and Tiemo Wölken (S&D, DE) from the Committee on the Environment, Climate and Food Safety also responded to the decision during a press conference today where they explained their position and answered media questions. See the recording here.

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – Humanitarian aid in a time of polycrisis – draft opinion – Committee on Women’s Rights and Gender Equality

    Source: European Parliament

    On Wednesday, 25 June 2025, the FEMM Committee will consider a draft opinion on “Humanitarian aid in a time of polycrisis – reaffirming our principles for a more effective and ambitious response to humanitarian crises”.

    Women and girls face exacerbated risks in the face of overlapping crises–such as armed conflict, climate change, and the breakdown of essential public services. These simultaneous emergencies deepen existing gender inequalities and disproportionately affect their safety and access to basic needs. The Rapporteur urgently calls for the integration of gender equality into all aspects of the humanitarian-development-peace nexus. Immediate action is needed to ensure women and girls have equitable access to food, education, employment, and healthcare, as the compounded impact of these polycrises on their lives is severe and far-reaching

    MIL OSI Europe News –