NewzIntel.com

Category: Transport

  • MIL-OSI: Transfix Expands Modal Capabilities to Include Flatbed Across Spot and Contract Lanes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) — Transfix today announced the expansion of its pricing capabilities to now include flatbed for both spot and contract freight. This marks a major milestone as Transfix can now support customers across the industry’s most critical truckload modes—dry van, reefer, and flatbed—delivering broader access to capacity and streamlined pricing solutions.

    For flatbed shipments, customers will benefit from Transfix’s deep industry expertise in pricing strategies that account for factors like equipment scarcity, and project-based shipment clusters. Brokers can now better navigate dynamic market complexities and secure the right rates with confidence.

    The addition of flatbed coverage has been highly anticipated by customers, many of whom have been requesting more versatile solutions to meet the demands of complex freight movements. With this expansion, brokers can now leverage Transfix’s technology to confidently price and source flatbed shipments with the same reliability and precision they’ve come to expect for dry van and reefer moves.

    “We’re excited to bring our flatbed offering to market and meet a longstanding request from our customers,” said Jonathan Salama, Transfix CEO & Co-founder. “By supporting spot and contract pricing for flatbed, we’re expanding our ability to deliver smarter, faster solutions across an even wider range of transportation needs to prepare the industry for dynamic market conditions, especially ahead of the evolving tariffs conversation.”

    The flatbed pricing expansion builds on the momentum of Transfix’s latest innovations, such as the launch of its RFP Workflow Tool, which helps freight brokers automate and manage their contract bidding processes with real-time rates across multiple modes.

    To learn more about how Transfix can help you move freight smarter across dry van, reefer, and now flatbed, visit transfix.io/get-started.

    About Transfix
    Transfix, Inc. is a freight technology leader dedicated to empowering brokers and 3PLs with innovative AI-driven pricing and load management solutions. Our Custom Rate Prediction Suite delivers tailored, highly accurate spot and contract rate forecasts, streamlined RFP workflows, and automated bidding tools that save time and improve margins. With over a decade of brokerage expertise and a commitment to data privacy, Transfix provides real-time insights and custom models that give brokers a competitive edge while ensuring their data remains proprietary. Transform your operations with the trusted partner in freight technology.

    Media Contact:
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    The MIL Network –

  • MIL-OSI Global: Why Canada should apply labour protections to the rental housing sector

    Source: The Conversation – Canada – By Elliot Goodell Ugalde, Phd Student, Queen’s University, Ontario

    Gregor Robertson, Canada’s new housing minister, was likely tapped for the job on the basis of his decade as Vancouver’s mayor, where he introduced zoning changes, incentives for rental construction and the country’s first empty-homes tax.

    Those moves nudged supply but fell short: housing designed specifically for renting trickled in slowly and the city’s homeless count hit a 13-year high of 2,181 in 2018.

    Robertson once blamed the housing shortfall on tight-fisted provincial and federal budgets. Now that he controls part of that money, he can test his claim. He can plug a hole his municipal toolkit never could by being, as he vowed in 2018, “more abrasive and more vocal”, and by coupling fresh federal dollars with legal protections that empower tenants to bargain collectively.

    The urgency is clear: one-third of Canadians rent, yet tenant unions, though legal to form, have no right to negotiate.

    This absence of statutory protection for tenants is often treated as a policy oversight. By withholding legal recognition, lawmakers preserve a model that allows landlords to negotiate from a position of structural dominance as tenants confront systemic harms — rent hikes, unsafe conditions and evictions — all on their own.

    Canada’s rental ‘crisis’

    Soaring rents and evictions have been described as a temporary “housing crisis.”

    But researchers at the Canadian Centre for Policy Alternatives counter that the market is not broken; it works exactly as designed. Calling it a crisis justifies “extraordinary” fixes — most often lower interest rates that lure first time home-buyers to take on debt larger than they should, according to Canadian policy scholar Ricardo Tranjan in his book The Tenant Class.

    The results are structural, not temporary: median national rent for a one-bedroom dwelling now tops $2,000, vacancy rates sit below two per cent and 33.1 per cent of renters spend more than 30 per cent of income on shelter. That’s the rent-burden line — the threshold used to determine if a household is struggling to afford housing — of the Canadian Mortgage and Housing Corporation’s (CMHC).

    Since the 1990s, the CMHC has replaced public construction with mortgage-insurance programs that flood markets with credit, kicking the can down the road. Meanwhile, Prime Minister Mark Carney’s choice of Robertson as housing minister has advanced a familiar credit-led package: GST rebates for first-time buyers.

    When asked whether housing prices should fall, Robertson said “no,” arguing that wages will eventually catch up — an adjustment economists project would take roughly 20 years even if prices stopped rising today.

    Expanding credit under these conditions is more likely to swell asset values than improve affordability, trading a housing emergency for an indebtedness emergency.

    Collective action without collective rights

    Ontario’s Residential Tenancies Act (RTA) typifies Canada’s token approach to renter power. It affirms tenants’ right to form associations but, in the very next clause, excuses landlords from any obligation to meet or negotiate with them. The result is performative legality: tenants can speak but landlords are free to ignore them.

    The chilling effect resembles pre-industrial labour markets, where organizing invited dismissal. Recent history confirms the weakness.

    In 2023, the tenants of 33 King Street in northwest Toronto mounted a five-month rent strike and won partial rollbacks, but the tribunal still refused to recognize their union; every renter had to sign a separate settlement. By settling disputes that way, the system drains collective power and drags cases through attritional timelines that encourage capitulation.

    Canada confronted a parallel power imbalance during industrialization. Early 20th-century governments criminalized picketing and blacklisted organizers. The upheavals of the Great Depression forced Ottawa to adopt the Wartime Labour Relations Regulations (1944) and the Industrial Relations and Disputes Investigation Act (1948).

    Those statutes codified three enduring principles:

    1. Workers may unionize free from employer interference;
    2. Employers must bargain in good faith with a certified union;
    3. Violations trigger meaningful remedies, including reinstatement and damages.

    Legislators acted not from moral awakening, but to temper exploitation and preserve social stability.

    Housing now mirrors that earlier asymmetry: corporate landlords command capital, legal expertise and mobility, while tenants have none of that power. Extending labour-style protections to tenant unions would simply apply a proven regulatory formula to rental housing.

    Counter-arguments

    Landlord associations often voice four main objections to statutory tenant-union rights: the anticipated administrative burden, the spectre of disinvestment, purported constitutional limits and a moral claim that responsible owners don’t need to be legally compelled to act in good faith.

    Labour history suggests these concerns are overstated.

    As Tranjan recalls, reputable employers already paid decent wages and offered sick leave before such standards were legislated. Regulation merely imposed a baseline on those profiting from exploitation.

    In housing, conscientious landlords who maintain units, honour rent control and eschew predatory fees wouldn’t require mandatory bargaining or anti-retaliation clauses. But those enriching themselves through vacancy decontrol, renovictions or steep rent hikes would. Their resistance to tenant protections underscores their necessity.

    Empirical evidence further weakens objections.

    First, administrative overload is improbable: collective bargaining consolidates individual grievances into a single agreement, dramatically reducing repeat hearings, and the system would work the same in landlord-tenant tribunals.

    Second, claims that stronger tenant rights deter investment clash with comparative experience. In Vienna, where nearly half of all dwellings fall under tenant councils wielding union-like powers and stringent rent regulation, construction activity remains robust and affordability stable;

    Third, constitutional concerns are overstated. Although landlord–tenant law is chiefly provincial, the federal government already shapes rental markets through CMHC insurance, targeted tax expenditures and the National Housing Strategy Act, which recognizes adequate housing as a human right.

    Ottawa could condition financing on tenant-union recognition or incentivize provinces to harmonize standards, echoing its mid-20th century push for uniform labour legislation.

    Historical precedent and evidence across the country make clear that formalizing tenant-union protections is constitutional, would streamline dispute resolution and sustain construction — substantially benefiting the one-third of Canadians who rent without destabilizing the housing market.



    Read more:
    How corporate landlords are eroding affordable housing — and prioritizing profits over human rights

    Collective rights for collective problems

    To make housing genuinely affordable, Robertson must see Canada’s rental sector not as a malfunctioning “crisis” but as a lucrative system of organized inequality.

    Legislators once recognized that individual workers could not bargain fairly with industrial adversaries and created the collective-bargaining framework that undergirds labour relations today. Housing demands the same logic.

    Tenant unions already operate in neighbourhoods such as Toronto’s Thorncliffe Park, Vancouver’s Mount Pleasant and Montréal’s Rosemont. But without legal status, landlords can simply ignore them.

    Federal legislation could correct this imbalance. Automatic certification would follow when a simple majority of tenants in a building sign membership cards, triggering a duty for landlords to bargain in good faith over rent increases, maintenance schedules, security of tenure and essential services.



    Read more:
    Financial firms are driving up rent in Toronto — and targeting the most vulnerable tenants

    Anti-retaliation clauses would bar eviction or harassment of organizing tenants, with remedies mirroring labour law: reinstatement, damages and arbitration to deter stalling.

    Negotiated standards could be applied across neighbourhoods while still allowing investors reasonable but socially responsible returns.

    Granting labour-style protections to tenant unions is hardly radical; it simply extends a principle Canada embraced nearly a century ago: collective problems require collective rights.

    Renters cannot wait for market forces to self-correct. Recognizing and regulating tenant unions is the most direct route to balancing power, safeguarding homes and treating housing as a human right rather than an asset class.

    Elliot Goodell Ugalde is affiliated with The Kingston and District Labour Council.

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

    – ref. Why Canada should apply labour protections to the rental housing sector – https://theconversation.com/why-canada-should-apply-labour-protections-to-the-rental-housing-sector-257208

    MIL OSI – Global Reports –

  • MIL-OSI Global: Our trans health study was terminated by the government – the effects of abrupt NIH grant cuts ripple across science and society

    Source: The Conversation – USA – By Jae A. Puckett, Associate Professor of Psychology, Michigan State University

    Funding cuts to trans health research are part of the Trump administration’s broader efforts to medically and legally restrict trans rights. AP Photo/Lindsey Wasson

    Given the Trump administration’s systematic attempts to medically and legally disenfranchise trans people, and its abrupt termination of grants focused on LGBTQ+ health, we can’t say that the notice of termination we received regarding our federally funded research on transgender and nonbinary people’s health was unexpected.

    As researchers who study the experiences of trans and nonbinary people, we have collectively dedicated nearly 50 years of our scientific careers to developing ways to address the health disparities negatively affecting these communities. The National Institutes of Health had placed a call for projects on this topic, and we had successfully applied for their support for our four-year study on resilience in trans communities.

    However, our project on trans health became one of the hundreds of grants that have been terminated on ideological grounds. The termination notice stated that the grant no longer fit agency priorities and claimed that this work was not based on scientific research.

    Termination notice sent to the authors from the National Institutes of Health.
    Jae A. Puckett and Paz Galupo, CC BY-ND

    These grant terminations undermine decades of science on gender diversity by dismissing research findings and purging data. During Trump’s current term, the NIH’s Sexual and Gender Minority Research Office was dismantled, references to LGBTQ+ people were removed from health-related websites, and datasets were removed from public access.

    The effects of ending research on trans health ripple throughout the scientific community, the communities served by this work and the U.S. economy.

    Studying resilience

    Research focused on the mental health of trans and nonbinary people has grown substantially in recent years. Over time, this work has expanded beyond understanding the hardships these communities face to also study their resilience and positive life experiences.

    Resilience is often understood as an ability to bounce back from challenges. For trans and nonbinary people experiencing gender-based stigma and discrimination, resilience can take several forms. This might look like simply continuing to survive in a transphobic climate, or it might take the form of being a role model for other trans and nonbinary people.

    As a result of gender-based stigma and discrimination, trans and nonbinary people experience a range of health disparities, from elevated rates of psychological distress to heightened risk for chronic health conditions and poor physical health. In the face of these challenges and growing anti-trans legislation in the U.S., we believe that studying resilience in these communities can provide insights into how to offset the harms of these stresses.

    Studies show anti-trans legislation is harming the mental health of LGBTQ+ youth.

    With the support of the NIH, we began our work in earnest in 2022. The project was built on many years of research from our teams preceding the grant. From the beginning, we collaborated with trans and nonbinary community members to ensure our research would be attuned to the needs of the community.

    At the time our grant was terminated, we were nearing completion of Year 3 of our four-year project. We had collected data from over 600 trans and nonbinary participants across the U.S. and started to follow their progress over time. We had developed a new way to measure resilience among trans and nonbinary people and were about to publish a second measure specifically tailored to people of color.

    The termination of our grant and others like it harms our immediate research team, the communities we worked with and the field more broadly.

    Loss of scientific workforce

    For many researchers in trans health, the losses from these cuts go beyond employment.

    Our project had served as a training opportunity for the students and early career professionals involved in the study, providing them with the research experience and mentorship necessary to advance their careers. But with the termination of our funding, two full-time researchers and at least three students will lose their positions. The three lead scientists have lost parts of their salaries and dedicated research time.

    These NIH cuts will likely result in the loss of much of the next generation of trans researchers and the contributions they would have made to science and society. Our team and other labs in similar situations will be less likely to work with graduate students due to a lack of available funding to pay and support them. This changes the landscape for future scientists, as it means there will be fewer opportunities for individuals interested in these areas of research to enter graduate training programs.

    The Trump administration has directly penalized universities across the country for ‘ideological overreach.’
    Zhu Ziyu/VCG via Getty Images

    As universities struggle to address federal funding cuts, junior academics will be less likely to gain tenure, and faculty in grant-funded positions may lose their jobs. Universities may also become hesitant to hire people who work in these areas because their research has essentially been banned from federal funding options.

    Loss of community trust

    Trans and nonbinary people have often been studied under opportunistic and demeaning circumstances. This includes when researchers collect data for their own gains but return little to the communities they work with, or when they do research that perpetuates theories that pathologize those communities. As a result, many are often reluctant to participate in research.

    To overcome this reluctance, we grounded our study on community input. We involved an advisory board composed of local trans and nonbinary community members who helped to inform how we conducted our study and measured our findings.

    Our work on resilience has been inspired by feedback we received from previous research participants who said that “[trans people] matter even when not in pain.”

    Abruptly terminating projects like these can break down trust between researchers and the populations they study.

    Loss of scientific knowledge

    Research that focuses on the strengths of trans and nonbinary communities is in its infancy. The termination of our grant has led to the loss of the insights our study would have provided on ways to improve health among trans and nonbinary people and future work that would have built off our findings. Resilience is a process that takes time to unfold, and we had not finished the longitudinal data collection in our study – nor will we have the protected time to publish and share other findings from this work.

    Meanwhile, the Department of Health and Human Services released a May 2025 report stating that there is not enough evidence to support gender-affirming care for young people, contradicting decades of scientific research. Scientists, researchers and medical professional organizations have widely criticized the report as misrepresenting study findings, dismissing research showing benefits to gender-affirming care, and promoting misinformation rejected by major medical associations. Instead, the report recommends “exploratory therapy,” which experts have likened to discredited conversion therapy.

    Transgender and nonbinary people continue to exist, regardless of legislation.
    Kayla Bartkowski/Getty Images

    Despite claims that there is insufficient research on gender-affirming care and more data is needed on the health of trans and nonbinary people, the government has chosen to divest from actual scientific research about trans and nonbinary people’s lives.

    Loss of taxpayer dollars

    The termination of our grant means we are no longer able to achieve the aims of the project, which depended on the collection and analysis of data over time. This wastes the three years of NIH funding already spent on the project.

    Scientists and experts who participated in the review of our NIH grant proposal rated our project more highly than 96% of the projects we competed against. Even so, the government made the unscientific choice to override these decisions and terminate our work.

    Millions of taxpayer dollars have already been invested in these grants to improve the health of not only trans and nonbinary people, but also American society as a whole. With the termination of these grants, few will get to see the benefits of this investment.

    Jae A. Puckett has received funding from the National Institutes of Health.

    Paz Galupo has received funding from the National Institutes of Health.

    – ref. Our trans health study was terminated by the government – the effects of abrupt NIH grant cuts ripple across science and society – https://theconversation.com/our-trans-health-study-was-terminated-by-the-government-the-effects-of-abrupt-nih-grant-cuts-ripple-across-science-and-society-254021

    MIL OSI – Global Reports –

  • MIL-OSI Global: California plan to ban most plants within 5 feet of homes for wildfire safety overlooks some important truths about flammability

    Source: The Conversation – USA – By Max Moritz, Wildfire Specialist, University of California Cooperative Extension; Adjunct Professor at the Bren School, University of California at Santa Barbara, University of California, Santa Barbara

    Photos after the Los Angeles fires in January 2025 show many yards where vegetation didn’t burn while neighboring houses did. AP Photo/Chris Pizzello

    One of the most striking patterns in the aftermath of many urban fires is how much unburned green vegetation remains amid the wreckage of burned neighborhoods.

    In some cases, a row of shrubs may be all that separates a surviving house from one that burned just a few feet away.

    As scientists who study how vegetation ignites and burns, we recognize that well-maintained plants and trees can actually help protect homes from wind-blown embers and slow the spread of fire in some cases. So, we are concerned about new wildfire protection regulations being developed by the state of California that would prohibit almost all plants and other combustible material within 5 feet of homes, an area known as “Zone 0.”

    Photos before and after the 2025 Palisades Fire show thick green vegetation between two closely spaced homes. The arrow shows the direction of the fire’s spread.
    Max Moritz; CAL FIRE Damage Inspection photos, CC BY

    Wildfire safety guidelines have long encouraged homeowners to avoid having flammable materials next to their homes. But the state’s plan for an “ember-resistant zone,” being expedited under an executive order from Gov. Gavin Newsom, goes further by also prohibiting grass, shrubs and many trees in that area.

    If that prohibition remains in the final regulation, it’s likely to be met with public resistance. Getting these rules right also matters beyond California, because regulations that originate in California often ripple outward to other fire-prone regions.

    Lessons from the devastation

    Research into how vegetation can reduce fire risk is a relatively new area of study. However, the findings from plant flammability studies and examination of patterns of where vegetation and homes survive large urban fires highlight its importance.

    When surviving plants do appear scorched after these fires, it is often on the side of the plant facing a nearby structure that burned. That suggests that wind-blown embers ignited houses first: The houses were then the fuel as the fire spread through the neighborhood.

    We saw this repeatedly in the Los Angeles area after wildfires destroyed thousands of homes in January 2025. The pattern suggests a need to focus on the many factors that can influence home losses.

    Shrubs in Zone 0 of a home did not ignite during the Eaton Fire, despite the home burning.
    Max Moritz

    Several guides are available that explain steps homeowners can take to help protect houses, particularly from wind-blown embers, known as home hardening.

    For example, installing rain gutter covers to keep dead leaves from accumulating, avoiding flammable siding and ensuring that vents have screens to prevent embers from getting into the attic or crawl space can lower the risk of the home catching fire.

    However, guidance related to landscaping plants varies greatly and can even be incorrect.

    For example, some “fire-safe” plant lists contain species that are drought tolerant but not necessarily fire resistant. What matters more for keeping plants from becoming fuel for fires is how well they’re maintained and whether they’re properly watered.

    How a plant bursts into flames

    When living plant material is heated by a nearby energy source, such as a fire, the moisture inside it must be driven off before it can ignite. That evaporation cools the surrounding area and lowers the plant’s flammability.

    In many cases, high moisture can actually keep a plant from igniting. We’ve seen this in some of our experimental work and in other studies that test the flammability of ornamental landscaping.

    With enough heat, dried leaves and stems can break down and volatilize into gases. And, at that point, a nearby spark or flame can ignite these gases and set the plant on fire.

    Plant flammability testing shows how quickly twigs, grasses, plants and leaves will burn at different moisture levels. The images on the right are from an experiment at the University of California’s South Coast Research and Extension Center to test flammability of a living but overly dry plant.
    Max Moritz (left); Luca Carmignani (right)

    Even when the plant does burn, however, its moisture content can limit other aspects of flammability, such as how hot it burns.

    Up to the point that they actually burn, green, well-maintained plants can slow the spread of a fire by serving as “heat sinks,” absorbing energy and even blocking embers. This apparent protective role has been observed in both Australia and California studies of home losses.

    How often vegetation buffers homes from igniting during urban conflagrations is still unclear, but this capability has implications for regulations.

    California’s ‘Zone 0’ regulations

    The Zone 0 regulations California’s State Board of Forestry is developing are part of broader efforts to reduce fire risk around homes and communities. They would apply in regions considered at high risk of wildfires or defended by CAL FIRE, the state’s firefighting agency.

    Many of the latest Zone 0 recommendations, such as prohibiting mulch and attached fences made of materials that can burn, stem from large-scale tests conducted by the National Institute of Standards and Technology and the Insurance Institute for Business and Home Safety. These features can be systematically analyzed.

    But vegetation is far harder to model. The state’s proposed Zone 0 regulations oversimplify complex conditions in real neighborhoods and go beyond what is currently known from scientific research regarding plant flammability.

    Green lawns, trees and shrubs were still visible after the Eaton Fire burned homes in Altadena, Calif., in January 2025.
    Mario Tama/Getty Images

    A mature, well-pruned shrub or tree with a high crown may pose little risk of burning and can even reduce exposure to fires by blocking wind and heat and intercepting embers. Aspen trees, for example, have been recommended to reduce fire risk near structures or other high-value assets.

    In contrast, dry, unmanaged plants under windows or near fences may ignite rapidly and make it more likely that the house itself will catch fire.

    As California and other states develop new wildfire regulations, they need to recognize the protective role that well-managed plants can play, along with many other benefits of urban vegetation.

    We believe the California proposal’s current emphasis on highly prescriptive vegetation removal, instead of on maintenance, is overly simplistic. Without complementary requirements for hardening the homes themselves, widespread clearing of landscaping immediately around homes could do little to reduce risk and have unintended consequences.

    Max Moritz has nothing to disclose.

    Luca Carmignani has nothing to disclose.

    – ref. California plan to ban most plants within 5 feet of homes for wildfire safety overlooks some important truths about flammability – https://theconversation.com/california-plan-to-ban-most-plants-within-5-feet-of-homes-for-wildfire-safety-overlooks-some-important-truths-about-flammability-257109

    MIL OSI – Global Reports –

  • MIL-OSI Global: 3 ways the government can silence opinions it disagrees with, without using censorship

    Source: The Conversation – USA – By Gregory P. Magarian, Thomas and Karole Green Professor of Law, Washington University in St. Louis

    The government can make you silence yourself — out of fear. Deepak Sethi, iStock/Getty Images Plus

    When most people think of how governments stifle free speech, they think of censorship. That’s when a government directly blocks or suppresses speech. In the past, the federal government has censored speech in various ways. It has tried to block news outlets from publishing certain stories. It has punished political dissenters. It has banned sales of “obscene” books.

    Today, however, the federal government rarely tries to censor speech so crudely. It has less blatant but very effective ways to suppress dissent. The current actions of the Trump administration show how government can silence speakers without censoring them.

    My quarter century of research and writing about First Amendment rights has explored the varied tools that governments use to smother free expression. Among the present administration’s chosen tools are making institutions stop or change their advocacy to get government benefits; inducing self-censorship through intimidation; and molding the government’s own speech to promote official ideology.

    A page from the CDC’s website, where the Trump administration states that it rejects the ‘gender ideology’ presented on the page.
    CDC.gov

    Using benefits to coerce speech

    The Supreme Court has made clear that the First Amendment bars the government from conditioning benefits on the sacrifice of free speech.

    Government employers may not refuse to hire employees of the opposing political party, nor may they stop employees from speaking publicly about political issues. The government may not stop funding nonprofits because they refuse to endorse official policies, or because they make arguments the government opposes.

    The First Amendment, however, works only if someone asks a court to enforce it, or at least threatens to do so.

    The Trump administration has issued orders that withdraw security clearances, cancel government contracts and bar access to government buildings for law firms that have opposed the administration’s policies or have advocated diversity, equity and inclusion, or DEI. Some law firms have sued to block the orders. More firms, however, have made deals with the administration, agreeing to end DEI programs and to do free legal work for conservative causes.

    The administration similarly has withheld funding from universities that embrace DEI or that, by the administration’s account, have fomented or tolerated antisemitism. Harvard University has resisted that pressure. But Columbia University has capitulated to President Donald Trump’s demands that include cracking down on protests, giving university officials more control over controversial academic programs and hiring more conservative professors.

    The Supreme Court may ultimately declare the administration’s gambits unconstitutional, but it has already succeeded in leveraging government benefits to make major institutions change their speech.

    Intimidating speakers into silence

    First Amendment law also restricts government actions that deter or “chill” expression rather than squarely banning it.

    That means the government may not regulate speech through vague laws that leave lawful speakers uncertain whether the regulation reaches them. For example, the Supreme Court in 1971 struck down a Cincinnati, Ohio, ordinance that criminalized any public assembly the city deemed “annoying.”

    Likewise, the government may not make people disclose their identities as a requirement for acquiring controversial literature or for supporting unpopular causes. In the classic case, the Supreme Court during the civil rights era blocked Alabama from making the NAACP disclose its membership list.

    Chilling of speech is hard to detect, but the current public climate strongly suggests that the Trump administration has plunged the thermostat.

    College and university campuses, which rumbled in spring 2024 with protests against the Gaza war, have gone largely quiet. Large corporations that challenged the first Trump presidency have fallen into line behind the second. Big liberal donors have folded up their wallets.

    Some of that dampening likely reflects fatigue and resignation. Much of it, though, appears to reveal successful intimidation.

    The administration has proclaimed that it is deporting noncitizen students, using their lawful speech as justification. While those expulsions themselves are classic censorship, their hidden reach may stifle more speech than their immediate grasp. Noncitizens are legally attractive targets for government censorship because courts largely defer to the president on matters of national security and immigration.

    The Trump administration could not lawfully treat U.S. citizens as it is treating, lawfully or not, foreign nationals. But most citizens don’t know that. The vivid spectacle of punished dissenters seems likely to chill other dissenters.

    Whitewashing government speech

    The First Amendment only bars the government from controlling private speech. When the government speaks, it can say what it wants. That means people who speak for the government lack any First Amendment right to replace the government’s messages with their own.

    In theory, then, every new federal administration could sweepingly turn government institutions’ speech into narrow propaganda. That hasn’t happened before, perhaps because most governments realize they are just temporary custodians of an abiding republic.

    The Trump administration has broken this norm. The administration has ordered the purging of ideologically disfavored content from the Smithsonian museums, implemented book bans in military libraries and installed political supporters to run cultural institutions.

    None of those actions likely violates the First Amendment. All of them, however, have significant implications for free speech. In what may be the most quoted line in the First Amendment legal canon, Justice Robert Jackson declared in 1943 that government should never “prescribe what shall be orthodox … in matters of opinion.”

    A 21st-century federal government can dramatically skew public discourse by honing government speech with the flint of official ideology. Trump has assigned Vice President JD Vance, who sits on the Smithsonian’s board, the role of “seeking to remove improper ideology.” If Vance decides what the Smithsonian can and cannot say about slavery and Jim Crow, then the Smithsonian will teach people only what Vance wants them to learn about those subjects. That influential source of knowledge will push public discussion toward the government’s ideology.

    When government beneficiaries agree to say what the president wants, when the government intimidates speakers to silence themselves, and when the government sharpens its own speech into propaganda, no censorship happens.

    But in all those scenarios, the government is doing exactly what justifies fear of censorship and what First Amendment law exists to prevent: using official power to make speech less free.

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

    – ref. 3 ways the government can silence opinions it disagrees with, without using censorship – https://theconversation.com/3-ways-the-government-can-silence-opinions-it-disagrees-with-without-using-censorship-254249

    MIL OSI – Global Reports –

  • MIL-OSI Global: Debunking 5 myths about when your devices get wet

    Source: The Conversation – USA – By Rachel Plotnick, Associate Professor of Cinema and Media Studies, Indiana University

    Consumer technologies get wet as a regular part of everyday life. Shuvro Mojumder/Unsplash , CC BY-SA

    Nearly everyone has encountered the unthinkable: Your smartphone landed in the toilet. Or you forgot to take off your smartwatch before jumping into the pool. Or maybe you meant to take those earbuds out of your pocket before running the laundry. What now?

    Internet forums are chock-full of advice to dry out that drenched device, but problematic myths about liquid protection and repair make it hard for consumers to separate fact from fiction.

    I’m a researcher who studies how technologies play a part in people’s everyday practices and experiences. My new book, “License to Spill: Where Dry Devices Meet Liquid Lives,” explores the wet-dry boundary in how people perceive and treat their electronic devices.

    Here are five common myths about getting devices wet:

    Myth 1: My device turned back on! It’s fine

    While it’s a relief to see your technology rise from the dead, what you can’t see are subtle processes occurring inside, like corrosion. The breakdown of your device’s metal parts due to moisture often happens over time, in a period that can take place days, weeks or months after the offending incident.

    That’s why even humidity from moist climates or your steamy shower can make a long-term impact, despite the fact that everything booted up right away after a splash or dunk.

    Myth 2: My ‘waterproof’ device can tolerate any kind of wetness

    The term “waterproof” is a controversial one – so controversial, in fact, that the Federal Trade Commission has strict rules about using the term in advertising, once even banning it from ad copy selling wristwatches.

    Given the vagueness of the term, it’s better to examine different water resistance standards, such as ingress protection, or IP, ratings and MIL-SPEC, or ISO in the case of watches, and to read the fine print about what those standards actually cover.

    Myth 3: My device has a great IP rating, so it’s been tested under real-world conditions

    Companies often advertise IP ratings as a way to entice consumers to purchase their products, but it’s important to know that these ratings are based on contact with fresh water. If you’re worried about Jacuzzi suds or that tipped-over can of beer, there’s no guarantee that a manufacturer has tested your device in these – often sticky – situations, and an IP rating won’t account for them.

    Myth 4: I’ve got some rice in the kitchen. I can fix this myself!

    It’s natural to panic and seek out the quickest household solution when a spill or dunk happens, and a cup of rice is still a commonly sought-out option.

    However, the rice hack doesn’t work very well, and rice particles can enter the device to cause even further damage. Aside from bringing your device to a professional repairer, you’re better off immediately powering down your product, removing its battery and plug if you can, and letting all the components dry over a day or two.

    Myth 5: Well, this device is broken, but I’ve got a warranty to replace it

    While you’re pulling your product from its watery grave, you might find relief in the fact that it came with a warranty. Not so fast.

    Most traditional consumer technology limited warranties don’t cover liquid damage. These days, you usually need to purchase an add-on warranty, often called Accidental Damage from Handling. Beware, though: Even those policies may limit how many wetness “incidents” or “events” you’re allowed per year.

    Air flow is the best way to dry a device that’s taken a dunk. Don’t expose your device directly to rice, cat litter or other particles.

    Keeping it realistic

    Water resistance features on devices like laptops, tablets, smartphones and smartwatches have recently improved, but the deck is still often stacked against consumers who must wade through the hype of advertising claims, mystifying classification systems and penalizing policies.

    That’s why it’s critical for manufacturers to think carefully and ethically about how their products are designed, marketed and serviced. In terms of design, water resistance is no longer a niche feature meant solely for industrial workers or outdoor adventurers. While it’s unrealistic to expect a device that’s designed to resist every hazard, it’s also unreasonable to ask consumers to tiptoe around the products that provide them with access to critical resources and social support.

    It’s important for manufacturers to avoid promising consumers the Moon. Samsung Australia, for instance, paid AU$14 million in penalties for exaggerating its phones’ protection for swimming. It’s certainly fun to watch commercials with Lil Wayne spray a smartphone with champagne or see him dunk it in a fish tank, but if manufacturers are advising against these practices, then they shouldn’t be romanticizing them.

    Sure, it’s probably common sense that your phone shouldn’t take a bath in champagne. Yet life is constantly happening around – and with – our devices, from the shower and the kitchen to the gym and the beach. This means that fairer policies around repair, like those promoted by the right-to-repair movement, and warranties should stop treating consumers like they’re “bad” users.

    After all, we’re each just one splash away from crying over spilled milk.

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

    – ref. Debunking 5 myths about when your devices get wet – https://theconversation.com/debunking-5-myths-about-when-your-devices-get-wet-257205

    MIL OSI – Global Reports –

  • MIL-OSI Global: Robots run out of energy long before they run out of work to do − feeding them could change that

    Source: The Conversation – USA – By James Pikul, Associate Professor of Mechanical Engineering, University of Wisconsin-Madison

    Robots can run, but they can’t go the distance. AP Photo/Ng Han Guan

    Earlier this year, a robot completed a half-marathon in Beijing in just under 2 hours and 40 minutes. That’s slower than the human winner, who clocked in at just over an hour – but it’s still a remarkable feat. Many recreational runners would be proud of that time. The robot kept its pace for more than 13 miles (21 kilometers).

    But it didn’t do so on a single charge. Along the way, the robot had to stop and have its batteries swapped three times. That detail, while easy to overlook, speaks volumes about a deeper challenge in robotics: energy.

    Modern robots can move with incredible agility, mimicking animal locomotion and executing complex tasks with mechanical precision. In many ways, they rival biology in coordination and efficiency. But when it comes to endurance, robots still fall short. They don’t tire from exertion – they simply run out of power.

    As a robotics researcher focused on energy systems, I study this challenge closely. How can researchers give robots the staying power of living creatures – and why are we still so far from that goal? Though most robotics research into the energy problem has focused on better batteries, there is another possibility: Build robots that eat.

    Robots move well but run out of steam

    Modern robots are remarkably good at moving. Thanks to decades of research in biomechanics, motor control and actuation, machines such as Boston Dynamics’ Spot and Atlas can walk, run and climb with an agility that once seemed out of reach. In some cases, their motors are even more efficient than animal muscles.

    But endurance is another matter. Spot, for example, can operate for just 90 minutes on a full charge. After that, it needs nearly an hour to recharge. These runtimes are a far cry from the eight- to 12-hour shifts expected of human workers – or the multiday endurance of sled dogs.

    The issue isn’t how robots move – it’s how they store energy. Most mobile robots today use lithium-ion batteries, the same type found in smartphones and electric cars. These batteries are reliable and widely available, but their performance improves at a slow pace: Each year new lithium-ion batteries are about 7% better than the previous generation. At that rate, it would take a full decade to merely double a robot’s runtime.

    Robots such as Boston Dynamic’s Atlas are remarkably capable – for relatively short amounts of time.

    Animals store energy in fat, which is extraordinarily energy dense: nearly 9 kilowatt-hours per kilogram. That’s about 68 kWh total in a sled dog, similar to the energy in a fully charged Tesla Model 3. Lithium-ion batteries, by contrast, store just a fraction of that, about 0.25 kilowatt-hours per kilogram. Even with highly efficient motors, a robot like Spot would need a battery dozens of times more powerful than today’s to match the endurance of a sled dog.

    And recharging isn’t always an option. In disaster zones, remote fields or on long-duration missions, a wall outlet or a spare battery might be nowhere in sight.

    In some cases, robot designers can add more batteries. But more batteries mean more weight, which increases the energy required to move. In highly mobile robots, there’s a careful balance between payload, performance and endurance. For Spot, for example, the battery already makes up 16% of its weight.

    Some robots have used solar panels, and in theory these could extend runtime, especially for low-power tasks or in bright, sunny environments. But in practice, solar power delivers very little power relative to what mobile robots need to walk, run or fly at practical speeds. That’s why energy harvesting like solar panels remains a niche solution today, better suited for stationary or ultra-low-power robots.

    Why it matters

    These aren’t just technical limitations. They define what robots can do.

    A rescue robot with a 45-minute battery might not last long enough to complete a search. A farm robot that pauses to recharge every hour can’t harvest crops in time. Even in warehouses or hospitals, short runtimes add complexity and cost.

    If robots are to play meaningful roles in society assisting the elderly, exploring hazardous environments and working alongside humans, they need the endurance to stay active for hours, not minutes.

    New battery chemistries such as lithium-sulfur and metal-air offer a more promising path forward. These systems have much higher theoretical energy densities than today’s lithium-ion cells. Some approach levels seen in animal fat. When paired with actuators that efficiently convert electrical energy from the battery to mechanical work, they could enable robots to match or even exceed the endurance of animals with low body fat. But even these next-generation batteries have limitations. Many are difficult to recharge, degrade over time or face engineering hurdles in real-world systems.

    Fast charging can help reduce downtime. Some emerging batteries can recharge in minutes rather than hours. But there are trade-offs. Fast charging strains battery life, increases heat and often requires heavy, high-power charging infrastructure. Even with improvements, a fast-charging robot still needs to stop frequently. In environments without access to grid power, this doesn’t solve the core problem of limited onboard energy. That’s why researchers are exploring alternatives such as “refueling” robots with metal or chemical fuels – much like animals eat – to bypass the limits of electrical charging altogether.

    Robots could one day harvest energy from high-energy-density materials such as aluminum through synthetic digestive and vascular systems.
    Yichao Shi and James Pikul

    An alternative: Robotic metabolism

    In nature, animals don’t recharge, they eat. Food is converted into energy through digestion, circulation and respiration. Fat stores that energy, blood moves it and muscles use it. Future robots could follow a similar blueprint with synthetic metabolisms.

    Some researchers are building systems that let robots “digest” metal or chemical fuels and breathe oxygen. For example, synthetic, stomachlike chemical reactors could convert high-energy materials such as aluminum into electricity.

    This builds on the many advances in robot autonomy, where robots can sense objects in a room and navigate to pick them up, but here they would be picking up energy sources.

    Other researchers are developing fluid-based energy systems that circulate like blood. One early example, a robotic fish, tripled its energy density by using a multifunctional fluid instead of a standard lithium-ion battery. That single design shift delivered the equivalent of 16 years of battery improvements, not through new chemistry but through a more bioinspired approach. These systems could allow robots to operate for much longer stretches of time, drawing energy from materials that store far more energy than today’s batteries.

    In animals, the energy system does more than just provide energy. Blood helps regulate temperature, deliver hormones, fight infections and repair wounds. Synthetic metabolisms could do the same. Future robots might manage heat using circulating fluids or heal themselves using stored or digested materials. Instead of a central battery pack, energy could be stored throughout the body in limbs, joints and soft, tissuelike components.

    This approach could lead to machines that aren’t just longer-lasting but more adaptable, resilient and lifelike.

    The bottom line

    Today’s robots can leap and sprint like animals, but they can’t go the distance.

    Their bodies are fast, their minds are improving, but their energy systems haven’t caught up. If robots are going to work alongside humans in meaningful ways, we’ll need to give them more than intelligence and agility. We’ll need to give them endurance.

    James Pikul receives funding from the Office of Naval Research. He is affiliated with the University of Wisconsin-Madison and Metal Light Inc.

    – ref. Robots run out of energy long before they run out of work to do − feeding them could change that – https://theconversation.com/robots-run-out-of-energy-long-before-they-run-out-of-work-to-do-feeding-them-could-change-that-255940

    MIL OSI – Global Reports –

  • MIL-OSI Global: 5 tips for hurricane disaster planning with aging parents starting now, before the storms

    Source: The Conversation – USA – By Lee Ann Rawlins Williams, Clinical Assistant Professor of Education, Health and Behavior Studies, University of North Dakota

    When I lived in Florida, I had a neighbor named Ms. Carmen. She was in her late 70s, fiercely independent and lived alone with her two dogs and one cat, which were her closest companions.

    Each hurricane season, she would anxiously ask if I would check on her when the winds began to pick up. She once told me: I’m more afraid of being forgotten than of the storm itself. Her fear wasn’t just about the weather; it was about facing it alone.

    When hurricanes hit, we often measure the damage in downed power lines, flooded roads and wind-torn homes. But some of the most serious consequences are harder to see, especially for older adults who may struggle with mobility, chronic health problems and cognitive decline.

    Emergency preparedness plans too often overlook the specific needs of elders in America’s aging population, many of whom live alone. For people like Ms. Carmen, resilience needs to start long before the storm.

    The number of older adults in the U.S. and the percentage of the population age 65 and older have been rising.
    US Census Bureau

    I study disaster preparations and response. To prepare for hurricane season, and any other disaster, I encourage families to work with their older adults now to create an emergency plan. Preparing can help ensure that older adults will be safe, able to contact relatives or others for help, and will have the medications, documents and supplies they need, as well as the peace of mind of knowing what steps to take.

    Recent hurricanes show the gaps

    In 2024, Hurricanes Helene and Milton put a spotlight on the risks to older adults.

    The storms forced thousands of people to evacuate, often to shelters with little more than food supplies and mattresses on the floor and ill-equipped for medical needs.

    Flooding isolated many rural homes, stranding older adults. Power was out for weeks in some areas. Emergency systems were overwhelmed.

    A tornado tore into a senior community in Port St. Lucie, Florida, during Milton, killing six people. Some long-term care facilities lost power and water during Helene.

    At the same time, some older adults chose to stay in homes in harm’s way for fear that they would be separated from their pets or that their homes would be vandalized.

    At least 700 people stayed in chairs or on air mattresses at River Ridge Middle/High School in New Port Richey, Fla., during Hurricane Milton.
    AP Photo/Mike Carlson

    These events are not just tragic, they are predictable. Many older adults cannot evacuate without assistance, and many evacuation centers aren’t prepared to handle their needs.

    How to prepare: 5 key steps

    Helping older adults prepare for emergencies should involve the entire family so everyone knows what to expect. The best plans are personal, practical and proactive, but they will contain some common elements.

    Here are five important steps:

    1. Prepare an emergency folder with important documents.

    Disasters can leave older adults without essential information and supplies that they need, such as prescription lists, financial records, medical devices and – importantly – contact information to reach family, friends and neighbors who could help them.

    Many older adults rely on preprogrammed phone numbers. If their phone is lost or the battery dies, they may not know how to reach friends or loved ones, so it’s useful to have a hard copy of phone numbers.

    Consider encouraging the use of medical ID bracelets or cards for those with memory loss.

    Critical documents like wills, home deeds, powers of attorney and insurance records are frequently kept in physical form and may be forgotten or lost in a sudden evacuation. Use waterproof storage that’s easy to carry, and share copies with trusted caregivers and family members in case those documents are lost.

    2. Have backup medications and equipment.

    Think about that person’s assistive devices and health needs. Having extra batteries on hand is important, as is remembering to bring chargers and personal mobility aids, such as walkers, canes, mobility scooters or wheelchairs. Do not forget that service animals support mobility, so having supplies of their food will be important during a hurricane or evacuation.

    Ask doctors to provide an emergency set of medications in case supplies run low in a disaster.

    If the person is staying in their home, prepare for at least 72 hours of self-sufficiency in case the power goes out. That means having enough bottled water, extra pet food and human food that doesn’t need refrigeration or cooking.

    3. Map evacuation routes and shelter options.

    Identify nearby shelters that will likely be able to support older adults’ mobility and cognitive challenges. If the person has pets, make a plan for them, too – many areas will have at least one pet-friendly shelter, but not all shelters will take pets.

    An older woman crosses a street flooded by torrential rain from Tropical Storm Hilary on Aug. 20, 2023, in Thousand Palms, Calif.
    AP Photo/Mark J. Terrill

    Figure out how the person will get to a shelter, and have a backup plan in case their usual transportation isn’t an option. And decide where they will go and how they will get there if they can’t return home after a storm.

    If your loved one lives in a care facility, ask to see that facility’s hurricane plan.

    4. Create a multiperson check-in system.

    Don’t rely on just one caregiver or family member to check on older adults. Involve neighbors, faith communities or local services such as home-delivered meals, transportation assistance, support groups and senior centers. Redundancy is crucial when systems break down.

    5. Practice the plan.

    Go through evacuation steps in advance so everyone knows what to do. Executing the plan should be second nature, not a scramble during a disaster or crisis.

    Planning with, not just for, older adults

    Emergency planning isn’t something done for older adults – it’s something done with them.

    Elders bring not only vulnerability but also wisdom. Their preferences and autonomy will have to guide decisions for the plan to be successful in a crisis.

    That means listening to their needs, honoring their independence and making sure caregivers have realistic plans in place. It’s an important shift from just reacting to a storm to preparing with purpose.

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

    – ref. 5 tips for hurricane disaster planning with aging parents starting now, before the storms – https://theconversation.com/5-tips-for-hurricane-disaster-planning-with-aging-parents-starting-now-before-the-storms-254917

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Pompey Link: on-demand minibus service to improve connections in Portsmouth

    Source: City of Portsmouth

    Portsmouth City Council is introducing Pompey Link, a shared, on-demand minibus service, which will be trialled for a 10-month period until the end of March 2026. Pompey Link combines elements of both a bus service and a taxi ride in a way that has not been seen in Portsmouth before.

    The service will be delivered by charity Community First and is made possible through funding from the Portsmouth Bus Service Improvement Plan (BSIP).

    Pompey Link is designed to improve public transport connections for both Paulsgrove and Port Solent. Paulsgrove residents can now easily reach Port Solent, while Port Solent residents will benefit from easier access to Paulsgrove, Queen Alexandra Hospital, and other bus and rail links at Cosham Interchange.

    The service ensures that both areas – particularly Port Solent, which currently lacks direct public transport connections – have more convenient travel options.

    Passengers can book a trip on demand or up to four days in advance, by phone or app, and will be picked up from their nearest bus stop, including the former bus stop outside the Odeon in Port Solent. This is a shared service, so the minibus may pick up and drop off other passengers on the way.

    Cllr Peter Candlish, Cabinet Member for Transport at Portsmouth City Council, said:

    “We’re excited to introduce Pompey Link, which provides better transport connections in the Paulsgrove area and a vital link to Port Solent, an area we know is currently underserved by public transport. Whether you are travelling for work or leisure, Pompey Link is a convenient and affordable travel option, and I hope people will try it.”

    Tim Houghton, Chief Executive of Community First, said:

    “We are delighted to offer the Paulsgrove and Port Solent community a reliable, affordable and more flexible way to travel. This service allows people to book a journey when they need it, reducing the need for fixed routes and providing a more responsive, environmentally friendly transport solution.

    This new service will be a lifeline for passengers, especially in Port Solent, who might not have access to transport to get to social and health appointments as well as for essential shopping trips.”

    Pompey Link will be available Monday to Saturday, from 9am to 7pm, excluding bank holidays. Trips can be booked using the Book a Journey app, available to download from the Apple and Google Play stores, and most journeys start from £2.

    For those who prefer to book over the phone, Community First’s customer service team is available Monday to Friday from 9am to 4.30pm on 0333 015 1271. Pompey Link vehicles are accessible for wheelchair users and passengers with folding pushchairs. Babies can travel where parents or carers provide a car seat. Guide and service dogs are welcome on board.

    For more information about Pompey Link, visit: https://travel.portsmouth.gov.uk/drt/

    MIL OSI United Kingdom –

  • MIL-OSI Europe: OSCE Seminar in Ashgabat Enhances Capacity to Tackle Technology-Facilitated Human Trafficking

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE Seminar in Ashgabat Enhances Capacity to Tackle Technology-Facilitated Human Trafficking

    Zhanara Seytayeva, expert of Kazakhstan’s Prosecutor General Office, delivering a presentation on Kazakhstan’s Mapping of Online Platforms with High Risks of Human Trafficking, Ashgabat, 29 May 2025 (OSCE) Photo details

    The rising threat of technology-facilitated trafficking in human beings was the focus of a two-day OSCE seminar in Ashgabat from 29 to 30 May 2025.
    Jointly organized by the Office of the OSCE Special Representative and Co-ordinator for Combating Trafficking in Human Beings and the OSCE Centre in Ashgabat, the seminar explored how digital platforms are increasingly exploited by traffickers, and promoted best practices for prevention and response.  
    “Technology facilitates anonymity for perpetrators, erodes jurisdictional boundaries, and presents increasingly complex challenges to law enforcement, justice systems, and support services” said John MacGregor, Head of the OSCE Centre in Ashgabat.
    Recognizing the cross-sectoral nature of the issue, the seminar brought together representatives from Turkmenistan’s Prosecutor General’s Office, Ministry of Labour and Social Protection of the Population, Ministry of Internal Affairs, Ministry of Communications, State Migration service, Supreme Court and civil society organizations.
    “The growing intersection of cutting-edge technology and organised crime demands a proactive response to effectively address the evolving threats posed by these advancements” said Dr. Kari Johnstone, OSCE Special Representative and Co-ordinator for Combating Trafficking in Human Beings. 
    Participants discussed how traffickers use artificial intelligence, encrypted applications, the dark web, and private messaging platforms to recruit victims, obscure their identities, and evade traditional tracking methods.
    “We see a surge in scam centers, the digitalization of advertisements and a change in the profile of victims” said Zhanara Seytayeva, an expert from Kazakhstan’s Prosecutor General’s Office, who shared Kazakhstan’s experience in mapping online platforms with high trafficking risks.  
    Stephanie Baroud, Criminal Intelligence Analyst at INTERPOL, led an interactive session focused on spotting red flags in fake online advertisements. She also shared insights on the emerging role of artificial intelligence in the fight against human trafficking.  
    The seminar’s outcomes will contribute to policy recommendations in line with Turkmenistan’s newly adopted National Action Plan, with a particular focus on leveraging technology to enhance anti-trafficking responses.

    MIL OSI Europe News –

  • MIL-OSI: Ambiq Names Jeff Winzeler as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, June 02, 2025 (GLOBE NEWSWIRE) — Ambiq®, a technology leader in ultra-low-power semiconductor solutions for edge AI, is pleased to announce Jeff Winzeler as Ambiq’s new Chief Financial Officer (CFO).

    Jeff Winzeler brings extensive CFO and COO experience in the semiconductor and renewable energy industries. He has successfully led global finance teams at both private and public startups, including Kandou AI, Everspin Technologies, Avnera, Rackwise, Solar Power Incorporated, and International DisplayWorks.

    Throughout his career living and working in the U.S., Asia, Europe, and the Middle East, Winzeler has raised over $1 billion in equity and debt financing to fuel business growth while managing Finance, Information Technology, Human Relations, Operations, Procurement, and Investor Relations.

    “We are excited to welcome Jeff to Ambiq’s executive team,” says Fumihide Esaka, CEO of Ambiq. “We are confident that his proven track record in successfully leading finance organizations and operations will help Ambiq’s momentum as we enter into the next stage of our company’s growth.”

    “I’m thrilled to join Ambiq at such a pivotal time in the edge AI and ultra-low-power computing space,”  says Jeff Winzeler, CFO of Ambiq. “The company’s innovative technology and strong market position create an exceptional foundation for sustainable growth. I look forward to working with the talented team to maximize financial performance and deliver value to our stakeholders as we scale the business globally.” 

    Ambiq

    Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 270 million devices today. For more information, visit www.ambiq.com.

    Contact

    Charlene Wan 
    VP of Corporate Marketing and Investor Relations 
    cwan@ambiq.com 
    +1.512.879.2850

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec4d5b10-4442-4b7b-a3a6-cf82b235d66c

    The MIL Network –

  • MIL-OSI Global: Is AI sparking a cognitive revolution that will lead to mediocrity and conformity?

    Source: The Conversation – USA – By Wolfgang Messner, Clinical Professor of International Business, University of South Carolina

    The Industrial Revolution mechanized production. Today, there’s a similar risk with the automation of thought. kutaytanir/E+ via Getty Images

    Artificial Intelligence began as a quest to simulate the human brain.

    Is it now in the process of transforming the human brain’s role in daily life?

    The Industrial Revolution diminished the need for manual labor. As someone who researches the application of AI in international business, I can’t help but wonder whether it is spurring a cognitive revolution, obviating the need for certain cognitive processes as it reshapes how students, workers and artists write, design and decide.

    Graphic designers use AI to quickly create a slate of potential logos for their clients. Marketers test how AI-generated customer profiles will respond to ad campaigns. Software engineers deploy AI coding assistants. Students wield AI to draft essays in record time – and teachers use similar tools to provide feedback.

    The economic and cultural implications are profound.

    What happens to the writer who no longer struggles with the perfect phrase, or the designer who no longer sketches dozens of variations before finding the right one? Will they become increasingly dependent on these cognitive prosthetics, similar to how using GPS diminishes navigation skills? And how can human creativity and critical thinking be preserved in an age of algorithmic abundance?

    Echoes of the Industrial Revolution

    We’ve been here before.

    The Industrial Revolution replaced artisanal craftsmanship with mechanized production, enabling goods to be replicated and manufactured on a mass scale.

    Shoes, cars and crops could be produced efficiently and uniformly. But products also became more bland, predictable and stripped of individuality. Craftsmanship retreated to the margins, as a luxury or a form of resistance.

    Mass production strips goods of their individuality.
    Costfoto/NurPhoto via Getty Images

    Today, there’s a similar risk with the automation of thought. Generative AI tempts users to conflate speed with quality, productivity with originality.

    The danger is not that AI will fail us, but that people will accept the mediocrity of its outputs as the norm. When everything is fast, frictionless and “good enough,” there’s the risk of losing the depth, nuance and intellectual richness that define exceptional human work.

    The rise of algorithmic mediocrity

    Despite the name, AI doesn’t actually think.

    Tools such as ChatGPT, Claude and Gemini process massive volumes of human-created content, often scraped from the internet without context or permission. Their outputs are statistical predictions of what word or pixel is likely to follow based on patterns in data they’ve processed.

    They are, in essence, mirrors that reflect collective human creative output back to users – rearranged and recombined, but fundamentally derivative.

    And this, in many ways, is precisely why they work so well.

    Consider the countless emails people write, the slide decks strategy consultants prepare and the advertisements that suffuse social media feeds. Much of this content follows predictable patterns and established formulas. It has been there before, in one form or the other.

    Generative AI excels at producing competent-sounding content – lists, summaries, press releases, advertisements – that bears the signs of human creation without that spark of ingenuity. It thrives in contexts where the demand for originality is low and when “good enough” is, well, good enough.

    When AI sparks – and stifles – creativity

    Yet, even in a world of formulaic content, AI can be surprisingly helpful.

    In one set of experiments, researchers tasked people with completing various creative challenges. They found that those who used generative AI produced ideas that were, on average, more creative, outperforming participants who used web searches or no aids at all. In other words, AI can, in fact, elevate baseline creative performance.

    However, further analysis revealed a critical trade-off: Reliance on AI systems for brainstorming significantly reduced the diversity of ideas produced, which is a crucial element for creative breakthroughs. The systems tend to converge toward a predictable middle rather than exploring unconventional possibilities at the edges.

    I wasn’t surprised by these findings. My students and I have found that the outputs of generative AI systems are most closely aligned with the values and worldviews of wealthy, English-speaking nations. This inherent bias quite naturally constrains the diversity of ideas these systems can generate.

    More troubling still, brief interactions with AI systems can subtly reshape how people approach problems and imagine solutions.

    One set of experiments tasked participants with making medical diagnoses with the help of AI. However, the researchers designed the experiment so that AI would give some participants flawed suggestions. Even after those participants stopped using the AI tool, they tended to unconsciously adopt those biases and make errors in their own decisions.

    What begins as a convenient shortcut risks becoming a self-reinforcing loop of diminishing originality – not because these tools produce objectively poor content, but because they quietly narrow the bandwidth of human creativity itself.

    Navigating the cognitive revolution

    True creativity, innovation and research are not just probabilistic recombinations of past data. They require conceptual leaps, cross-disciplinary thinking and real-world experience. These are qualities AI cannot replicate. It cannot invent the future. It can only remix the past.

    What AI generates may satisfy a short-term need: a quick summary, a plausible design, a passable script. But it rarely transforms, and genuine originality risks being drowned in a sea of algorithmic sameness.

    The challenge, then, isn’t just technological. It’s cultural.

    How can the irreplaceable value of human creativity be preserved amid this flood of synthetic content?

    The historical parallel with industrialization offers both caution and hope. Mechanization displaced many workers but also gave rise to new forms of labor, education and prosperity. Similarly, while AI systems may automate some cognitive tasks, they may also open up new intellectual frontiers by simulating intellectual abilities. In doing so, they may take on creative responsibilities, such as inventing novel processes or developing criteria to evaluate their own outputs.

    This transformation is only at its early stages. Each new generation of AI models will produce outputs that once seemed like the purview of science fiction. The responsibility lies with professionals, educators and policymakers to shape this cognitive revolution with intention.

    Will it lead to intellectual flourishing or dependency? To a renaissance of human creativity or its gradual obsolescence?

    The answer, for now, is up in the air.

    Wolfgang Messner receives funding from Center for International Business Education and Research (CIBER) at the University of South Carolina.

    – ref. Is AI sparking a cognitive revolution that will lead to mediocrity and conformity? – https://theconversation.com/is-ai-sparking-a-cognitive-revolution-that-will-lead-to-mediocrity-and-conformity-256940

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: UK international risk status for BSE downgraded in huge boost to farm sector

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK international risk status for BSE downgraded in huge boost to farm sector

    World Organisation for Animal Health (WOAH) downgrades UK’s BSE risk rating to negligible

    The UK’s risk rating status for Bovine Spongiform Encephalopathy (BSE) has been downgraded to negligible by the World Organisation for Animal Health (WOAH).

    In a major boost for the food and farm sector, more avenues will now be open for trade with other countries as our improved risk status for beef and bovine products is recognised.  

    The abattoir and meat processing industry will be able to take advantage of changes to control measures, which will reduce operational burden and release financial savings for the abattoir and meat processing industry.

    The UK’s improved risk status is a reflection of the UK’s global reputation for having some of the highest standards in the world for biosecurity . 

    BSE, occasionally known as mad cow disease,  was a considerable public health concern in the 1980s leading to long-standing bans on British beef exports. The downgrading risk status marks a major step forward, reflecting decades of rigorous controls and opening the door to expanded trade and renewed confidence in UK beef.

    Farming Minister Zeichner said:

    Today’s announcement is a major step forward and will deliver a real boost to our hard-working cattle farmers, who will now have more avenues open for trading our excellent beef products.

    It is also a huge vote of confidence in this government’s commitment to rigorous animal health standards and biosecurity.

    UK Chief Veterinary Officer, Christine Middlemiss said: 

    WOAH’s recognition of the UK as negligible risk for BSE is a significant milestone and is a testament to the UK’s strong biosecurity measures and the hard work and vigilance of farmers and livestock keepers across the country who have all played their part in managing the spread of this disease.  

    This is the latest example of the UK’s global reputation as a world leader in biosecurity and our new status will improve UK trade for beef and bovine products and reduce the operational burden and create financial savings for the abattoir and meat processing industry.

    Natasha Smith, Deputy Director of Food Policy at the Food Standards Agency said:     

    This good news reflects that our strict controls in place to protect consumers such as controls on animal feed, and removal of the parts of cattle most likely to carry BSE infectivity,  have helped make sure there is no food safety risk.    

    Although the meat industry will be now able to use more of the carcass, consumers can be reassured that strict food safety controls remain in place.  Food Standards Agency Official Veterinarians and Meat Hygiene Inspectors working in all abattoirs in England and Wales will continue to ensure that the safety of consumers remains the top priority. 

    Nan Jones, British Meat Processors Association (BMPA) Technical Policy Manager said:

    This milestone is of significant value to the industry. To illustrate, the ability to recover mesenteric fat alone could generate value of approximately £10 million per year. Given the substantial benefits this change brings to our members, we hope that the improving UK–EU relationship offers an opportunity to seek earlier EU recognition of our status.

    Jonathan Eckley, Agriculture and Horticulture Development Board (AHDB) International Trade Development Director, said:

    This is welcome news for the UK beef sector. It highlights the strength of our animal health and food safety systems, reinforces the UK’s reputation for high-quality beef, and supports ongoing efforts to grow our export markets.

    Farmers and livestock owners are still urged to remain vigilant for BSE disease. BSE is a notifiable animal disease. If you suspect it, you must report it immediately by calling the Defra Rural Services Helpline on 03000 200 301. In Wales, contact 0300 303 8268. In Scotland, contact your local Field Services Office. Failure to do so is an offence. This applies to pet and small holder animals as well as commercial cattle.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Fort McMurray — Wood Buffalo RCMP and Major Crimes investigating found human remains – Update

    Source: Royal Canadian Mounted Police

    Tower Road has reopened.

    Background

    April 25, 2025

    Wood Buffalo RCMP and Major Crimes investigating found human remains

    Wood Buffalo RCMP and the Alberta Major Crimes Unit are investigating a report of found human remains. The remains were discovered on the outskirts of Fort McMurray on Apr. 25, 2025, off of Tower Road. Tower Road is currently closed to traffic.

    No additional information is available at this time.

    Wood Buffalo RCMP are asking anyone who may have travelled on Tower Road between 12:30 pm on Apr. 24, 2025 and Apr. 25 at 2:30 pm to contact them at 780-788-4040. If you have any information regarding this incident, please contact Wood Buffalo RCMP at 780-788-4040. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800- 222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store.

    MIL Security OSI –

  • MIL-OSI Security: Southern Alberta  — Joint efforts by Southern Alberta RCMP Units leads to significant seizure of stolen property and guns

    Source: Royal Canadian Mounted Police

    On April 16 2025, after receiving an initial report of suspicious activity, the Central and Southern Alberta Crime Reduction Units (SAD CRU), with assistance from the Emergency Response Team and Strathmore RCMP, executed a Search Warrant for stolen property in Rockyford.

    As a result of the search RCMP recovered:

    • 5 stolen ATVs;
    • 3 stolen firearms;
    • 2 stolen trailers;
    • A stolen car;
    • Various other stolen items.

    The stolen items were linked to thefts from Caroline, Airdrie, Drumheller, Vulcan, Strathmore, and Calgary areas.

    As a result of the investigation RCMP have charged a 50-year-old individual with:

    • Unauthorized possession of a firearm (x3);
    • Possession of property obtained by crime (x11);
    • Break and Enter;
    • Failing to comply with a release order (x5).

    The 50-year-old individual was taken before a justice of the peace and remanded into custody with a next court date set for May 22, 2025 at the Alberta Court of Justice in Airdrie.

    RCMP have charged a 42-year-old individual with:

    • Unauthorized possession of a firearm (x3);
    • Possession of property obtained by crime (x5).

    The 42-year-old individual was taken before a justice of the peace and released with her next court date set for May 20, 2025, at the Alberta Court of Justice in Calgary.

    On April 19, 2025 Brooks RCMP received a report of a stolen vehicle. During this investigation Alberta RCMP Detachments in Brooks, Redcliff, Drumheller, Strathmore, Three Hills, Bassano, Taber-Vauxhall all assisted in locating two stolen vehicles and arresting a suspect. SAD CRU followed up on this investigation and on April 21, 2025, SAD CRU with the assistance of the Emergency Response Team, High River RCMP and Okotoks RCMP executed a Search Warrant in Aldersyde.

    As a result of the search, RCMP additionally recovered:

    • Stolen trailers (x3);
    • Stolen Trucks (x3);
    • Stolen motor bikes (x3);
    • A stolen ATV;
    • Stolen firearm (x3);
    • Forged documents;
    • 61 other firearms.

    After a brief pursuit RCMP arrested and charged a 44-year-old individual, a resident of Foothills County with:

    • Possession of property obtained by crime (x8);
    • Possession of a stolen firearm;
    • Flight from police;
    • Mischief;
    • Dangerous operation of a motor vehicle;
    • Failure to comply with a release order (x3);
    • Possession of break in tools;
    • Possession of a prohibited weapon.

    The 44-year-old individual was taken before a justice of the peace and remanded into custody for court on May 30, 2025 at the Alberta Court of Justice in Okotoks.

    RCMP have charged a 78-year-old individual, a resident of Foothills County with:

    • Possession of property obtained by crime (x5);
    • (Allan)Careless storage of a firearm (x2) – (Chad) Careless storage of a firearm (x1);
    • Possession of a prohibited weapon.

    The 78-year-old individual and another individual were taken before a justice of the peace and released with their next court date set for May 30, 2025, at the Alberta Court of Justice in Okotoks.

    From the original Brooks investigation, RCMP have charged a 43-year-old individual with:

    • Flight from police
    • Possession of property obtained by crime over $5000 (x2)
    • Break and Enter
    • Possession of break in instruments

    The 43-year-old individual was taken before a justice of the peace and released for future court dates at the Alberta Court of Justice in Brooks.

    “These investigations spearheaded by the Southern and Central Alberta Crime Reduction Units with assistance from RCMP detachments across Southern Alberta showcases the Alberta RCMP’s ability to work collaboratively in interdicting crime networks,” says Constable Adam Heather of SAD CRU, “two of the stolen firearms recovered in Aldersyde are linked to the same break and enter as two of the stolen firearm recovered in the Rockyford search, this demonstrates how different crime groups are interconnected.”

    MIL Security OSI –

  • Wave of anger could sweep liberals to victory in South Korea election

    Source: Government of India

    Source: Government of India (4)

    When then-President Yoon Suk Yeol’s martial law decree plunged South Korea into chaos, it plummeted sales at Park Myung-Ja’s diner in Jechon and became a turning point for many voters in the town.

    The 66-year-old chef and restaurant owner is one face of South Korea’s North Chungcheong Province, a swing region that has become even more pivotal at a time of deep political polarisation in Asia’s fourth-largest economy.

    “We need to get furthest away from all that martial law drama to get things back to where they were,” Park said at her Korean restaurant two hours south of Seoul, adding liberal candidate “Lee Jae-myung looks alright for that”.

    Voters are now looking for the winner of the June 3 snap election to calm the economic and political shocks that have roiled the country since Yoon’s December 3 martial law decree led to months of economic downturn and sparked nationwide protests.

    Park’s Chungcheong Province is a key battleground for Kim Moon-soo, candidate for the conservative People Power Party campaigning on deregulations for companies, and liberal Democratic Party frontrunner Lee, who’s vowing to bring back stability after months of turmoil.

    In swing regions such as North Chungcheong Province, where Jechon is located, the ruling conservative party risks losing a big chunk of its vote base with many voters blaming the martial law debacle for weaker private consumption and easing export momentum.

    Park’s business crashed after Yoon’s declaration with some of her biggest customers who are local council officials cancelling dinner reservations in groups of five to 10.

    “The first call I got on Dec. 4 was from a regular customer who does his year-end dinner here every year. I asked him why he is cancelling it, and he said — ‘don’t you watch news?’”

    Lee, who defied Yoon’s martial law decree, had a 10-percentage point lead over Kim in one of the final opinion polls issued on Tuesday with 45% of voters trusting him to revive the economy compared to 32% for Kim.

    Conservatives have criticised Lee for a series of criminal cases he faces over accusations of election law violations, corruption, and other issues, but they have struggled to unify behind a single candidate and to distance themselves from Yoon.

    On Friday, right-winger Kim said voting for Lee would end up “collapsing our economy”, hoping to sway voters in small cities such as Jecheon, an inland town of about 130,000 surrounded by mountainous tourist spots, who are looking for a turning point to revive South Korea’s fortunes.

    But the martial law call continues to weigh heavily on conservative chances.

    “We definitely had fewer customers, especially from office dinners, after the martial law declaration. It did bite us hard,” said Choi, a Chinese restaurant owner in Pangyo, a town south of Seoul.

    “Lee is someone who will uplift more of us who are not doing so well.”

    HEAVY ON SPECTACLE

    Consumer sentiment, which dropped by the most since the outbreak of COVID-19 in December, recovered to pre-martial-law levels of 101.8 in May, on expectations of a fresh stimulus package under a new leader.

    The shock move rattled markets and put the won among the region’s worst-performing currencies of the last year, hurt business sentiment even before exporters absorbed the full force of U.S. President Donald Trump’s punitive tariff policies.
    Now, the strains are setting in, as economic tailwinds from the semiconductor boom and reforms in the capital markets in the past few years are fading.

    Whoever wins the June 3 election will face an economy that contracted in the first quarter, manage negotiations with Washington to avoid high tariffs, and assuage voters such as Park who are seeing their living standards go backwards from elevated grocery bills and weak spending.

    South Korea’s election campaign has been light on policy and heavy on spectacle after twists and turns involving the main candidates.

    “I wish they had taken housing supply and boosting the domestic market more seriously in their pledges,” said 59-year-old Jung Soo-hyeon. “But perhaps because it’s a snap election, that kind of in-depth consideration seems to be missing — which is a bit disappointing.”

    Analysts say voters watched economic pledges closely as consumption has been badly hit.

    A win for Lee could spur “faster economic growth in the short term,” Kim Jin-wook of Citi Research said.

    The Democratic Party “would likely be relatively more keen on providing policy and support for the mid-to-low-income bracket,” he added.

    While both top candidates have pledged to draft a second supplementary budget for the year as soon as the election is over, Lee has also promised vouchers to help local businesses and subsidies for childcare, youth, and the elderly.

    While Lee has backed away from advocating for universal basic income, some voters including Park, who backed Yoon last time, said they see Lee as most likely to look out for their interests.

    “Lee’s party seems to be willing to give out more to those who are struggling,” Park said, emphasizing that “change” is important.

    (Reuters)

  • MIL-OSI Africa: African Development Bank Launches Inaugural Integrate Africa Magazine (I.A.M) to tell a New African Story on Regional Integration

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, June 2, 2025/APO Group/ —

    The African Development Bank Group ( www.AfDB.org) has unveiled its first edition of Integrate Africa Magazine (I.A.M.) during a colourful ceremony at the Sofitel Hotel, Abidjan.

    The event, held on Monday 26 May as part of the Bank’s 2025 Annual Meetings, marks the beginning of a new African story – celebrating 10 years of investing in integration, while looking ahead to do more and better in the future. The magazine’s pulse beats to the rhythm of opportunity and optimism – showing how African governments are investing in building connectivity with the African Development Bank at their side.

    With interconnected economies, a rapidly growing youth population, and growing human mobility – getting integration right is no longer a good option. It is an imperative.

    The event featured a cultural showcase, fireside chats, keynotes and the unveiling of I.A.M.  With the Bank’s new Ten-Year Strategy (2024-2033) firmly rooting Integrate Africa as a major pillar, the conversations centred on what is to come following 10 years of investing in Africa’s integration, 

    A Chronicle of Progress, a Canvas of Possibilities

    The I.A.M. chronicles momentum – showcasing how the Bank has planted seeds of transformation – in roads, rail, air transport, power pools, ports, one-stop border posts – all coming together to bridge Africa.  It captures the spirit of a borderless Africa in motion, with opening articles from some of the Bank’s leaders framing the vision; and influential voices driving integration through trade, transport, sport, health, and business – highlighting where progress is and what we must do next. 

    The editors took to the streets of Africa – asking young people how integration can be accelerated – with the results captured in I.A.M.’s “Views from the Ground” segment. Border officials, traders, entrepreneurs, students and innovators all speak with the same voice: Africa’s integration is the most cogent development strategy the continent has.  It must happen – and happen fast.

    In addition to profiling 12 Bank–funded transformative projects – in transport corridors, one-stop border posts, power pools, rail, ports, agriculture, pharmaceutical production, pandemic response – and much more; I.A.M. also highlights the Bank’s work at the frontlines of tackling fragility by investing in building resilience.

    Africa’s new magazine I.A.M. offers a story of development impact – and a rare glimpse into how Africa is driving its integration and forging effective partnerships to go to scale. 

    From Senior Vice President Marie-Laure Akin-Olugbade’s keynote address showcasing Bank-financed infrastructure, to Vice President Nnenna Nwabufo’s reminder that integration must be a lived experience, the launch event left us in no doubt: we are on track – but can do much more, together. 

    Looking Forward

    As Africa stands at this point of immense opportunity, I.A.M. invites us to celebrate what is working, to understand the scale of what’s left to be done and urges us all to be the protagonist in creating an Integrated Africa. 

    You can access the magazine here: Integrate Africa Magazine – AfDB

    MIL OSI Africa –

  • MIL-OSI Africa: Annual Meetings 2025: African private-sector players and African Development Bank officials discuss business opportunities

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, June 2, 2025/APO Group/ —

    On the fourth day of the African Development Bank Group’s (www.AfDB.org) Annual Meetings in Abidjan (http://apo-opa.co/3ZcPGZZ), a seminar on business opportunities with the Group brought together private-sector players from 40 African countries and led to constructive exchanges with Bank officials.

    “Africa will not develop without a robust private sector. This seminar should give you a better understanding of how the Bank operates and how to work with us,” Gauthier Boulard, Senior Director of Resource Mobilization and Partners at the African Development Bank, told participants.

    During the seminar, the Bank provided updated information on its procurement plan and contractual policies, as well as on procedures for accessing business opportunities for companies or projects. Information was also shared on procurement rules, integrity and corruption.

    “With regard to our Ten-Year Strategy 2024-2033 (http://apo-opa.co/4jANgMb), we expect to have to finance more transformative projects, i.e. projects that bring about change in the market in which they take place…. We are ready to support the private sector,” said Ronald Rateiwa, Senior Strategy, Policy and Infrastructure Officer at the African Development Bank.

    Cheikh Ibra Faye, Director of Faye Groupe Services, a company active in Senegal, Mali and Côte d’Ivoire, commented: “I have just learned important information that I’ve been looking for for a year. I have a plan to replace West Africa’s urban vehicle fleet with vehicles powered by renewable energy, and I’d like to know what support is available from the African Development Bank,” he said.

    Aude Apetey-Kacou, Manager of Private Sector Operations for West Africa at the Bank, responded: “The Bank finances urban transport. So the fleet project meets one of our criteria. We would then need to discuss the project in a different setting, to find out more about its structure, the current state of financing and the progress of the studies already carried out, so that we can make a decision.”

    The creation of characteristically African social media, setting up biometric laboratories to combat cervical cancer, satellite imagery and the financing of small and medium-sized enterprises were just some of the projects brought to the attention of the Bank’s management by private-sector players.

    “Health is a key sector that the Bank intends to support and is already involved in. There are other sectors that are just as important, and we’ll have the opportunity to talk about them again,” confirmed Boris Honkpehedji, Senior Manager of Private Sector Operations at the African Development Bank.

    As of 31 December 2024, the African Development Bank Group’s investment portfolio had devoted 46% of its financing to the financial sector, 16% to energy, 15% to industry, 9% to transport, 9% to agriculture and social affairs, and 5% to multi-sector projects.

    MIL OSI Africa –

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – PRIMARY HEALTH PROPERTIES – Ordinary Shares

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 Primary Health Properties PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 30 May 2025  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 YES
    Assura PLC    		  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 12.5p ordinary (GB00BYRJ5J14)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 15,354,236 1.15 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 15,354,236 * 1.15 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 75,334 shares that are included in the total above.  
       
    All interests and all short positions should be disclosed.

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

    		  
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    12.5p ordinary (GB00BYRJ5J14) Sale 179,628 1.0049 GBP  
    There was a Transfer In of 4,186 shares of 12.5p ordinary  
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 02 June 2025  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

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

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

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

    The MIL Network –

  • MIL-OSI: Arax Investment Partners Acquires Schechter Investment Advisors, Broadening Midwestern Presence

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) — Arax Investment Partners (“Arax”), a premier wealth and asset management platform company backed by RedBird Capital Partners (“RedBird”), today announced that it has acquired Schechter Investment Advisors (“SIA”), the RIA business of Schechter, a boutique wealth advisory and financial services firm based in Birmingham, Michigan, with $4 billion in assets under management (“AUM”) as of May 28, 2025. Financial terms of the transaction were not disclosed.

    This deal marks the latest expansion of Arax’s platform, which continues to deepen its presence in high growth markets across the United States through strategic partnerships with leading wealth management advisory teams. Expanding the firm’s footprint and ability to meet client needs in the Midwest, SIA will join Arax Advisory Partners, Arax’s coalition of independent firms focused on specialized services, investment advice and planning solutions for high-net-worth families, individuals and institutions. Schechter’s Advanced Design Life Insurance business will remain a separate, independent entity.

    Servicing affluent clients across the United States, Schechter’s veteran advisory team has been providing financial advice to ultra-high-net-worth families for over 80 years. Upon close, the SIA team will merge with Arax Advisory Partners, further strengthening the firm’s capabilities and supporting future growth across the platform. Existing clients will benefit from the expanded range of planning and investment solutions offered by the Arax platform, and advisors will receive the strategic business development opportunities and expertise necessary to grow their business and provide an enhanced overall client experience.

    “For almost a century, we have found success by reaching across the financial landscape to identify the strategies and opportunities that best serve our clients and their goals,” said Marc Schechter, CEO of Schechter. “By joining the Arax platform, we benefit from the additional expertise, infrastructure and resources, allowing us to focus even more on what matters most: our clients. We’re excited to take this next step while preserving the relationships and values that have defined us for generations.”

    “The Schechter team is known for thoughtful, multi-generational financial planning and sophisticated investment solutions – exactly the type of partner we are looking for as the Arax platform scales,” said Haig Ariyan, CEO of Arax. “Schechter Investment Advisors was a natural fit given our complementary values and aligned strategic visions, as well as Arax’s focus on building capabilities in the Midwest. We feel privileged to partner with a team that brings such a strong legacy and wealth of expertise to our platform.”

    About Schechter
    Schechter is a boutique, third-generation wealth advisory and financial services firm. For 80 years, the firm’s multi-disciplined team consisting of JDs, CPAs, LLMs, CLUs, PFSs, CAPs, MBAs, CFA® charterholders, CFP® practitioners and CIMA® consultants have been quietly advising wealthy families on financial matters including: Institutional quality investment advisory services, private capital and alternative investments, advanced life insurance planning, income and estate taxes, business succession and charitable planning.

    About Arax Advisory Partners
    Arax Advisory Partners is a privately owned, independent Registered Investment Advisor specializing in customized investment platforms and highly sophisticated wealth planning solutions for high-net-worth families and individuals, businesses, and foundations. Arax Advisory Partners’ unique integrated and comprehensive approach provides the highest possible level of client service to establish lasting partnerships with all their clients while combining comprehensive asset management with leading edge financial planning services. The firm is headquartered in Denver, CO with offices across the country.

    About Arax Investment Partners
    Arax Investment Partners is a rapidly growing boutique wealth management platform making strategic control investments in leading RIAs and elite advisor teams. Founded and led by CEO Haig Ariyan — a seasoned industry executive with a distinguished track record of building and scaling wealth management businesses — Arax empowers its partners to be entrepreneurial and focus on delivering exceptional client service. Firms benefit from a management team with deep M&A expertise, capital sourcing capabilities, and the backing of RedBird Capital Partners. For more information, visit www.araxpartners.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contact:

    Dan Gagnier
    Gagnier Communications
    RedBird@gagnierfc.com

    The MIL Network –

  • MIL-OSI Economics: Samsung Solve for Tomorrow 2025: Learn all about Application, Eligibility, Program Structure & More with these FAQs

    Source: Samsung

    The fourth edition of Samsung’s flagship CSR program, Solve For Tomorrow (SFT) 2025, a nationwide education and innovation competition for GenZ, is inviting ambitious innovators to solve real-world issues.
     
    If you too want to apply, then check out these quick FAQs that will help you with your program application.

    What is Samsung Solve for Tomorrow?
    Samsung Solve for Tomorrow is a global CSR initiative present in more than 65 countries. In India, this innovation competition empowers young minds to develop solutions for real-world challenges. Samsung Solve for Tomorrow 2025 is now accepting applications from participants who are keen to solve for challenges in any of the four themes:

    AI for safer, smarter & inclusive Bharat
    Future of health, hygiene & wellbeing in India

    Social Change through Sport & Tech: For Education & Better
    Environmental Sustainability via Technology

     
    Who can participate in the competition?
     
    The competition is open to Indian residents only between 14-22 years of age as on the last day of the competition.
    Individuals or teams of up to three people can apply with an original concept in terms of science and technology or a wholly new product with a social consequence. Without any innovation, new business models may not make it to consideration.
    The team/individual should not have previously obtained funds/awards for the identical proposal from any agency or through other competitions for more than INR five lakhs.
     
    Is there any participation fee?
     
    No, the competition is completely free to enter.
     
    Can I apply for more than one theme?
     
    No, each individual or team is allowed to apply for only one theme. Submitting applications for multiple themes may result in disqualification. Please ensure you carefully select the theme that best aligns with your ides before applying.
     
    What are the key stages of the competition?
     
    The competition consists of multiple stages, and each stage is an elimination stage:

    Application & Idea Submission – Submit your ideas in one of the four themes. Experts from Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi, will review all the applications and 100 teams will be selected to qualify for the next stage. These 100 teams represent 25 teams from each of the theme.
    Top 100 teams – Selected teams receive training from Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi experts and need to submit their video pitches. A panel of experts from Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi, will evaluate the video pitches and 40 shortlisted teams will qualify to the next stage. These 40 teams represent 10 teams from each of the theme.
    Innovation Bootcamp & National Pitch Event for Top 40 teams (semi-finalists) – The Top 40 teams will be invited to an Innovation Bootcamp and will visit Samsung offices in BLR & NCR followed by hands-on training & access to prototyping labs at IIT Delhi. All the Top 40 teams will pitch to a jury panel consisting of experts from Samsung at the National Pitch Event at IIT Delhi. Only 20 teams will be selected to qualify for the last stage. These 20 teams represent 5 teams from each of the theme.
    Grand Finale for Top 20 teams (Finalists) – The Top 20 teams will get 1 on 1 mentoring from Industry experts, IIT Delhi and Samsung to help them prepare for the Grand Finale. At the Grand Finale, the Top 20 teams will get access to prototyping labs at IIT Delhi. The teams will pitch their ideas & prototypes one last time to a grand jury over a period of two days in Delhi NCR. The 4 Winning teams, each representing one theme, will be announced at the end of the Grand Finale in the Awards Ceremony.

     
    Can one participant participate in two different teams?
    No. Please note that any such applications with same participants in each team may lead to disqualification.
     
    Can a school or college apply on the behalf of students?
    No, students must apply individually or as a team with their own registered accounts. In case of minors, parental consent is mandatory to participate in Samsung Solve for Tomorrow 2025.
     
    Can overseas students participate in the competition?
    This competition is open to Indian nationals only.
     
    How do I choose the right theme for my idea?

    AI for safer, smarter & inclusive Bharat – AI-driven solutions improving safety, accessibility and inclusion in India.
    Future of health, hygiene & wellbeing in India – Ideas focused on improving healthcare, nutrition and mental well-being.
    Social Change through Sport & Tech: For Education & Better Futures – to improve education & the way of making a living through Sports and Tech.

    Environmental Sustainability via Technology – Sustainable management approaches to minimize waste and pollution while maximizing reuse, recycling and material regeneration.

     
    Does my idea have to be a working prototype?
     
    No, you can submit a concept or an early-stage idea. All the shortlisted teams will be guided to develop prototypes.
     
    What are the different stages the project can be at?
     

    Idea/Concept – The initial stage where participants identify a problem and propose innovative solutions under the four themes.
    Early Development – The phase where the idea is researched, refined, and a basic plan or model is created.
    Advanced Stage – The solution takes shape with detailed designs, feasibility studies and initial testing.
    Prototype Ready – A functional prototype is developed, demonstrating the solution’s practicality and effectiveness.

     
    Will my idea be made public?
    If your proposal gets selected for further consideration, the issue description and other components will be published on our website, utilized as publicity materials by media partners, and presented at various phases of the program, including the final pitch event. Technical details will be confidential while IP filing is in progress.
     
    How are ideas evaluated, and by whom?
    In the first round, applications will be screened basis their relevance to a social problem, technical feasibility, market potential, and team competence by subject matter experts from the “Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi.” Your idea will fall under examination using the following criteria:

    Innovation and creativity: Uniqueness and originality of the idea
    Impact and Feasibility: Potential to solve real-world challenges.
    Scalability: Ability to expand and benefit a larger audience.
    Technical and Execution capability: Clarity in implementation and development.

    Jury comprising of industry veterans from Samsung and Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi, will screen your ideas in the second, third and fourth rounds.
     
    How will I know if I am successful?
    Samsung will communicate the results to participants through the following channels:

    Official Website: Shortlisted individuals/teams will be announced on the Samsung’s Solve for Tomorrow website for each stage.
    Email Notification: Successful participants will receive direct communications regarding the selection and next steps to the team leads email id.
    Social Media Announcement: Key Competition milestones and winners will be highlighted on the Samsung’s official social media channels.

    Participants are advised to regularly check their emails and the official website for updates.
     
    If I am shortlisted, are there specific dates I need to be available?
    As a part of the competition, shortlisted participants will receive online training covering design thinking, advanced digital masterclasses, and business skills to help them refine their ideas.
    If you progress to Stage 2, you will be required to attend online training sessions on design thinking methodology, digital technologies and mentorship, starting in July 2025.
    For those advancing to Stage 3(Top 40 teams), attendance will be mandatory for Samsung site visits and a residential bootcamp at IIT Delhi in September 2025.
    Finalists (Top 20 teams) moving to Grand Finale will need to be available for additional training sessions on innovation, entrepreneurship, prototyping, intellectual property rights (IPR), and other relevant topics, beginning September 2025.
    Additionally, all finalists must be available to attend the awards ceremony in October 2025.
    Samsung and Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi will provide the exact dates at a later stage.
     
    What activities will be there during the Innovation Bootcamp and National Pitch event?
    The 11-day bootcamp and national pitch event will provide the Top 40 teams with an opportunity to explore Samsung offices and receive specialized training.

    Day 0: Top 40 teams arrive at Bangalore.
    Day 1: Top 40 teams visit Samsung Research Institute Bangalore
    Day 2: Top 40 teams visit Samsung Research Institute Delhi and Noida
    Day 3: Top 40 teams visit Samsung Soutwest Asia Office, Gurugram
    Day 4 to Day 6: Top 40 teams will undergo three days of on-site training at IIT Delhi focused on refining the ideas and identifying effective problem-solving approaches.
    Day 7: Rest day
    Day 8 and Day 9: Top 40 teams get two days of lab access to further develop and enhance their prototypes.
    Day 10 and Day 11: Top 40 teams pitch their ideas to the Jury members from Samsung and Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi.
    Day 12: Participants return to their respective home locations.

     
    Who will bear the travel and accommodation cost for the boot camp?
    Samsung will take care of your accommodation and travel requirements (Selected teams will receive all the details and guidelines). For participants below 18, Samsung will provide accommodation & travel for a parent/guardian.
     
    What to expect at Grand Finale?
     
    Prototyping Day at IIT Delhi (1 day):
     

    Finalists will have a dedicated day to refine and enhance their prototypes before the finale at IIT-Delhi.
    Access to the prototyping labs will be provided to all the Top 20 teams.

    Grand Finale in Delhi-NCR (2 days):

    Final presentations and pitches to a panel of industry leaders and experts.
    Evaluation based on innovation, feasibility, and impact.
    Networking opportunities with Samsung and Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi, investors and other dignitaries.
    Investor Meet-up on day 1 of Grand finale.
    Announcement of winners and award ceremony on day 2 of the Grand Finale.

    Will Samsung or Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi own my idea?
    No, you will be the sole owner of the concept and the intellectual property. The role of Samsung and Foundation of Innovation & Technology Transfer (FITT) – IIT Delhi will be to assist you only in developing it.
    Will the competition provide incubation support for the selected teams?
    Yes, the 4 winning teams will be provided incubation at IIT Delhi and funding of INR 1 Crore to further develop and scale their ideas. This includes mentorship from industry experts, guidance on business strategies, and access to resources that can assist in turning innovative concepts into viable solutions.
    Participants will receive mentorship from experienced professionals in fields such as technology, business strategy, design thinking and entrepreneurship. The support will help refine their solutions and prepare them for real-world implementation.
    Are there any grants or financial awards for winners?
    Yes, the competition offers financial support at different stages to help teams enhance their projects:
    Funding for Shortlisted Teams:

    Top 40 Teams: Each team will receive INR 20,000 to further develop their project.
    Top 20 Teams: Each team will receive INR 100,000 enhance their prototype and project.

    Grant Prize for Winners:
     

    Winning 4 teams: A total grant of INR 1 Crore will be awarded across the winners.
    The winning teams will also receive incubation support at FITT, IIT Delhi to refine their project and make it market-ready.

     
    Special awards:
    In addition to the main grants, four special awards will be given:
     

    Social Media Champion Award – INR 50,000
    Awarded to one team from the Top 20 for the highest number of posts and engagement across social media platforms (e.g. Facebook, LinekdIn, and Instagram)
    Goodwill Award / Audience Choice ward – INR 100,000 each

    Two teams from the top 20 will receive INR 100,000 each, based on maximum audience votes during the Grand Finale.

    Young Innovators Award / Women in Innovation Award – INR 100,000 each

    The jury for their outstanding innovation and contribution will select two teams from the Top 20. Each team will receive INR 100,000.
     
    Where can I read the competition Terms & Conditions?
    You can read the full terms and conditions and privacy notice for Solve for Tomorrow 2025 here.
     
    My question is not answered here
    Contact us at solvefortomorrow@samsung.com if you have any further queries or require assistance.
     
     

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Nearly £1 billion for NHS frontline after agency spend crackdown

    Source: United Kingdom – Executive Government & Departments

    Press release

    Nearly £1 billion for NHS frontline after agency spend crackdown

    Government crack-down on rip-off temporary staffing agencies delivers unprecedented savings, as NHS trusts are urged to eradicate agency spending altogether

    • Reforms delivered through Plan for Change deliver mammoth NHS savings – with funding going to better patient care and staff pay

    • Major milestone in government pledge to completely eliminate all spending on temporary NHS agency staff  

    • Health Secretary and NHS England Chief Executive will consider legislative action if further progress not made

    NHS patients and staff are benefiting from an almost £1 billion boost for the frontline, as a government crack-down on rip-off temporary staffing agencies delivers unprecedented savings.

    The Health and Social Care Secretary Wes Streeting announced strict agency spending limits last November and ordered trusts to reduce their spend on agency staff by 30% in the short-term so more money could be reinvested in the frontline and the wider NHS workforce.  

    Latest figures show spending on agency staff has already fallen by almost £1 billion in 2024/25 – a huge reduction which has helped funding go towards improving the quality-of-care patients receive, helping to reduce waiting lists, and enhancing safety – as reducing reliance on agency staff has been shown to decrease clinical incidents.   

    The savings are part of a package of reforms delivered by this government which have collectively allowed above inflation pay rises to all NHS staff, including resident doctors and nurses, this year to be fully funded.

    The Secretary of State and NHS England Chief Executive Jim Mackey have today written to all trusts and integrated care boards (ICBs), urging them to build on this progress and ultimately eradicate agency spending altogether. If the government does not feel further progress has been made by the autumn, it will consider taking further legislative action. 

    Health Minister Ashley Dalton said:

    The taxpayer has been footing the bill for rip-off agencies for too long – while patients have languished on waiting lists and demoralised staff faced years of pay erosion.  

    That’s why we are pledging to eliminate this squander, and through our Plan for Change we are making major progress and seeing a radical reduction in costs.   

    We’re already backing our health workers with above-inflation pay rises and now, nearly £1 billion is being reinvested back to the frontline, getting patients off waiting lists and putting money back into our workforce’s pocket.

    The NHS was forced to spend a staggering £3 billion on agency staff in 2023/24, money that could have been used to tackle record waiting lists and improve patient care. Recruitment agencies have charged NHS trusts up to £2,000 for a single nursing shift, thanks to the 113,000 staffing vacancies across the service. 

    The government’s laser focus on reducing waste means all NHS workers, including doctors and nurses, will receive real terms pay rises for the second year in a row, fully funded from central budgets. 

    It is funding a pay rise of 4% for consultants, specialty doctors, specialists and GPs, with dentists also receiving a contract uplift to increase their pay.  

    Resident doctors will see their pay rise by an average of 5.4% (a 4% rise plus a consolidated payment of £750) and we expect the average full-time basic pay of a resident doctor will reach about £54,300 in 2025-26.  Agenda for Change (AfC) staff, which includes nurses, health visitors, midwives, ambulance staff, porters and cleaners will see their pay rise by 3.6%. The starting salary for a nurse will now be around £31,050, up from around £27,050 in 2023.

    A new delivery group is being established across the Department of Health and Social Care and NHS England to monitor progress on tackling agency spending, and ensure trusts are taking robust action.  

    Trusts were previously ordered to reduce bank use – NHS staff who work temporary shifts at hospitals – by at least 10%, on top of strict agency spending limits across the health service. They have now been told to evaluate them against the local market to ensure they are not more than the average equivalent agency rate.  

    Elizabeth O’Mahony, chief financial officer at NHS England, said:

    The NHS is fully committed to making sure that every penny of taxpayers’ money is used wisely to the benefit of patients and the quality of care they receive.

    Our reforms towards driving down agency spend by nearly £1 billion over the past year will boost frontline services and help to cut down waiting lists, while ensuring fairness for our permanent staff.

    Nicola McQueen, Chief Executive at NHS Professionals, said:

    We strongly welcome today’s bold and progressive workforce policy announcement from the Secretary of State to significantly reduce external agency spending and put more investment back into patient care.

    NHS Professionals was created with the core purpose of reducing the NHS’s reliance on expensive external agencies. NHS Bank services are transforming workforce deployment, boosting productivity, and driving substantial cost reduction across the NHS.

    Last year we displaced over £680 million of external agency fees across NHS Trusts and healthcare organisations, providing more than 40 million hours of patient care. We look forward to working closely with our NHS client Trusts and partners to deliver even more savings across the NHS.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Sizewell A delivers landmark demolition project

    Source: United Kingdom – Executive Government & Departments

    Press release

    Sizewell A delivers landmark demolition project

    The turbine hall and adjoining structures at Sizewell A former nuclear power station have been safely razed to the ground by Nuclear Restoration Services (NRS).

    Sizewell A turbine hall completion

    An area the size of a professional football pitch has been cleared, de-planted and demolished ready for its next use, creating a huge skyline change for the Suffolk coast.

    Alan Walker, Sizewell A Site Director, commented:

    This is an incredible achievement for NRS, our contract partners Erith, the Office for Nuclear Regulation (ONR) and the Nuclear Decommissioning Authority (NDA). 

    I would like to thank everyone including those involved and our neighbours for their continued support throughout, as well as the ONR for enabling us to push the boundaries of innovation in conventional demolition together. The learning from this will be applied to other NRS projects to continue delivering efficient, value for money decommissioning and restoration of nuclear sites.

    April 2025

    This transformational project demonstrated technical innovation and set a new benchmark for the largest use of explosives on a UK nuclear site and the longest programmed detonation sequence in Europe.  These were used to weaken the four gigantic concrete plinths that two 650 tonne turbogenerators stood on.

    The use of explosives reduced the project schedule by four months, costs by £300,000 and minimised vibrations to negligible levels compared to using traditional mechanical percussion removal techniques. Around 40 tonnes of CO2 emissions were also saved by minimising machinery fuel use.

    The plinths were reduced to rubble paving the way for full clearance of the turbine hall basement and arrival of the high reach excavators to dismantle the structure. Two 90 tonne safe working load cranes – each weighing 65 tonnes – were removed from their rails onto a landing pad ready for metal recycling.

    The first overhead crane coming off the rails

    More than 17,000 tonnes of concrete and rubble have been removed from the turbine hall, fire station and electrical annexe structures – that is more than the weight of the six million bricks used to build Battersea Power Station.  This waste was processed through a mobile crusher to reduce its size to a specification that enables it to be exported and re-used.

    A scrap metal contract has raised over £3 million income to date from the sale of the 11,000 tonnes removed during the de-plant and demolition phases. This revenue will be used to offset decommissioning costs.

    The project achieved a 95% recovery rate for construction and demolition waste, much higher than recent industrial averages, and further demonstrating the NRS commitment to minimising the environmental impact of decommissioning work and embedding sustainability without compromising on safety and efficiency. 

    February 2025

    David Rushton, NDA Programme Manager, said:  

    The successful demolition of the turbine hall brings skyline change to the Sizewell A site. The innovative use of explosives provides valuable learning for future decommissioning activities, and the segregation and reuse of demolition material supports the NDA’s sustainability targets.

    Andrew Bull, ONR’s Nominated Site Inspector at Sizewell A, added:

    We’ve worked very closely with NRS, adopting an enabling stance to allow the licensee to push forward with a modern, and at times, ground-breaking approach to accelerating this major dismantling project.

    ONR works hard to reduce unnecessary regulatory burden and add value. This has been no better demonstrated than for the removal of the Sizewell A turbine hall, where we have played a key role in this example of decommissioning the UK’s nuclear estate.

    We’ve been pleased to work with NRS in a constructive manner to regulate the ongoing clean-up of this important site – safely, securely and cost effectively.

    Concrete plinth weakened by explosives

    Watch the project unfold here

    The Sizewell A turbine hall story from construction to demolition – YouTube

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Whitecourt — Alberta RCMP Major Crimes Unit investigate homicide in Whitecourt

    Source: Royal Canadian Mounted Police

    On Dec. 7, 2024, at 3:21 p.m., Whitecourt RCMP received a report of a shooting near the Whitecourt Airport. As the report came in, RCMP were given the location of the suspect who was driving on Highway 43. Officers located and stopped the vehicle detaining a suspect and locating a firearm. Upon arrival at the airport, EMS and police located the victim deceased. The victim has been identified as 44-year-old Whitecourt resident David Beauchesne. Whitecourt RCMP contacted the Alberta RCMP Major Crimes Unit who took carriage of the investigation.

    As a result of the investigation, RCMP have charged a 43-year-old individual, a resident of Whitecourt with, second-degree murder.

    The individual has been taken before a justice of the peace and remanded into custody with his next court date set for Dec. 10, 2024, at the Alberta Court of Justice in Whitecourt.

    MIL Security OSI –

  • MIL-OSI: CareCloud to Present on AI Innovation at Maxim Group’s 2025 Virtual Tech Conference on June 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    Somerset, N.J., June 02, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, announced today that its Co-Chief Executive Officers have been invited to participate in the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,” presented by Maxim Group LLC. The Healthcare IT Panel, featuring CareCloud, will take place on Tuesday, June 3, 2025, at 11:00 a.m. EDT.

    CareCloud will join the Healthcare IT Panel to share how artificial intelligence is transforming every facet of healthcare delivery—from clinical decision support and administrative automation to revenue optimization.

    The conference, hosted on M-Vest, will showcase how emerging growth companies are leveraging transformative technologies such as Quantum Computing and Artificial Intelligence (“AI”) to position themselves for long-term success. Moderated by Maxim Group Senior Analysts, the event will include insightful conversations with CEOs and executive leaders driving innovation in their respective industries.

    To attend the conference and view CareCloud’s presentation, participants must register as an M-Vest member.

    Click here to learn more and reserve your seat

    About CareCloud

    CareCloud (Nasdaq: CCLD, CCLDO) brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

    About Maxim Group LLC

    Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA SIPC, and NASDAQ. To learn more about Maxim Group, visit maximgrp.com

    Disclaimer

    This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE: CareCloud

    Company Contact: 
    Norman Roth 
    Interim Chief Financial Officer and Corporate Controller 
    CareCloud, Inc.
    nroth@carecloud.com 

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com

    The MIL Network –

  • MIL-OSI: Oportun Issues Letter to Stockholders and Mails Definitive Proxy Materials

    Source: GlobeNewswire (MIL-OSI)

    Highlights strong momentum in driving profitable growth and delivering stockholder value

    Urges stockholders to vote “FOR” Oportun’s two highly qualified nominees – Raul Vazquez and Carlos Minetti – on the GREEN proxy card

    Launches VoteForOportun.com, providing additional information for stockholders

    SAN CARLOS, Calif., June 02, 2025 (GLOBE NEWSWIRE) —  Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders detailing the progress Oportun’s experienced management team and Board of Directors have made in driving financial and operational performance.

    The letter highlights information critical for stockholders to know ahead of Oportun’s upcoming 2025 Annual Meeting of Stockholders (the “Annual Meeting”), including that:

    • Oportun’s decisive actions to improve credit outcomes, strengthen business economics and identify high-quality originations are yielding concrete results as reflected in the Company’s Q1 2025 performance:
      • Aggregate originations grew by nearly 40% year-over-year;
      • Adjusted operating expense ratio reached 13.3%, its second lowest ever as a public company; and
      • Strong credit metrics, including a fifth consecutive year-over-year decline in 30+ day delinquency rate.
    • The Company continues to expect 2025 adjusted EPS guidance of $1.10 to $1.30 reflecting year-over-year growth of 53% to 81%.
    • The Company’s strong momentum has translated to total stockholder returns that have significantly outperformed its peers and the broader markets year-to-date, over the last six months and over the past year.
    • Oportun’s Board is uniquely qualified to oversee continued value creation, with critical expertise in areas that are essential to Oportun’s business.
    • Findell Capital Management’s proposal to remove CEO Raul Vazquez from the Board would jeopardize the continuity, leadership and business insight needed to continue the Company’s significant progress, and would send a disruptive message to employees and stakeholders.
    • Compared to Mr. Vazquez’s proven leadership and deep understanding of Oportun’s business, Findell Capital’s nominee falls short of the necessary experience and expertise needed to effectively oversee the execution of the Company’s strategic objectives.

    Oportun also recently mailed its definitive proxy materials in connection with the Annual Meeting. Stockholders of record as of May 27, 2025 are entitled to vote at the Annual Meeting, which will be held on July 18, 2025.

    To ensure Oportun’s progress continues, Oportun’s Board urges stockholders to vote “FOR” Oportun’s two highly qualified nominees – Raul Vazquez and Carlos Minetti – using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders, definitive proxy materials and other important information related to the Annual Meeting can be found at VoteForOportun.com.

    The full text of the letter to stockholders follows:

    Dear Fellow Stockholders,

    The 2025 Annual Meeting of Stockholders (the “Annual Meeting”) of Oportun Financial Corporation (“Oportun” or the “Company”) is scheduled to be held on July 18, 2025. You have an important decision to make to support the continued execution of Oportun’s strategy to drive profitable growth and deliver stockholder value.

    Enclosed you will find materials that describe Oportun’s strategy and the progress we have made to streamline the Company’s product portfolio, reduce costs and increase profitability, driven by our experienced management team and overseen by our Board of Directors (the “Board”).

    We encourage you to review these materials carefully and vote today FOR each of the Company’s nominees standing for election at the Annual Meeting — Raul Vazquez and Carlos Minetti — using the enclosed GREEN proxy card.

    Overview of Oportun & Our History

    Over the past 19 years, Oportun has been guided by our mission: to provide inclusive, affordable financial services that empower hardworking people to build better futures.

    By offering responsible credit at lower costs than typical alternatives, we serve individuals who are often overlooked and poorly served by traditional financial institutions. This has enabled us to extend over $20 billion in credit and help more than 1.3 million members build credit histories. Our strong customer loyalty is reflected in Net Promoter Scores consistently at or above 75 — well above industry norms.

    To provide some background on how our strategy has evolved, we saw a compelling opportunity to extend our impact across underserved communities, deepen our relationship with our loyal members and unlock long-term value for stockholders by expanding our offerings and growing our loan portfolio from $5 million in 2009 to approximately $3 billion today. Supported by robust customer demand for holistic financial solutions as well as favorable credit and market conditions — including low inflation, interest rates, oil prices and unemployment — we embarked on our growth strategy.

    We executed our growth strategy with discipline, expanding first into credit cards and then into secured personal loans before acquiring Digit in December of 2021, which added savings, investing and budgeting capabilities to our platform. We delivered strong growth and record aggregate originations in 2021, while maintaining some of the lowest net charge-off and 30+ day delinquency rates in our history.

    Beginning in early 2022, however, the world changed — rapidly and unexpectedly. The war in Ukraine triggered a sharp increase in oil and energy prices, and supply chain disruptions contributed to rising and sustained inflation. The Federal Reserve began a series of rate increases to tame inflation, which led to a higher cost of capital for financial services companies. As a result, many financial services companies faced significant pressure, with some going out of business altogether.

    Oportun was not immune to those headwinds. Our cost of capital increased significantly and many of our members, who typically have modest incomes and limited savings, were disproportionately affected by rising inflation and a higher cost of living, which impacted their ability to repay loans.

    Our Response to Significant Macroeconomic Disruption

    The management team and Board determined that our growth-focused strategy was no longer prudent under those economic conditions and took action to reposition the Company. We responded swiftly by shifting our focus from growth to profitability and predictability, realigning our business around our core strengths.

    After initially tightening credit in the third quarter of 2021, we proactively announced further significant credit actions during our second quarter 2022 earnings call — despite meeting or exceeding all guidance metrics, including credit. We also announced our intention to significantly reduce operating expense growth to flat in the second half of 2022 compared to the first.

    We continued to tighten credit in subsequent quarters, leading to an approximately 600 basis point reduction in first quarter 2025 losses for recent loan vintages compared to early 2022 vintages. We also took decisive steps to reduce our cost structure, including four reductions-in-force and targeted operational streamlining. Those initiatives — which also included non-personnel expense cuts, the exit of capital-intensive products and the sale of our credit card portfolio — eliminated approximately $240 million in annualized expenses.

    Today, Oportun is focused on three strategic priorities to drive sustainable, profitable growth:

    • Improving credit outcomes
    • Strengthening business economics
    • Identifying high-quality originations

    Our Business Transformation is Yielding Measurable Results

    While we recognize that there is more work to do, our team is executing well. Our progress across each of our strategic priorities is evident in our recent financial results.

    During the first quarter of 2025, we grew aggregate originations by nearly 40% year-over-year while delivering strong credit metrics, including our fifth consecutive year-over-year decline in 30+ day delinquency rate. Our adjusted operating expense ratio of 13.3% was also our second lowest ever as a public company, underscoring our ongoing focus on expense discipline.

    Supported by a more efficient cost structure and improved credit performance, we believe Oportun is well-positioned to deliver strong financial results in 2025. We continue to expect 2025 adjusted EPS guidance of $1.10 to $1.30 reflecting year-over-year growth of 53% to 81%.

    The market has recognized our progress: our total stockholder returns have significantly outperformed our peers and the broader markets year-to-date, over the last six months and over the past year.

    Today, Oportun is stronger, more resilient and more focused than it was three years ago. We are confident in our ability to deliver sustainable, profitable growth going forward.

    Our Board & Governance

    At this year’s Annual Meeting, Oportun is nominating two candidates for election to the Board: Raul Vazquez, Oportun’s CEO, and Carlos Minetti, one of our independent directors.

    As Oportun’s CEO, Mr. Vazquez has unique insight into the day-to-day operation of our business and has been instrumental in leading Oportun through its transformation as well as through several credit and economic cycles. As a significant stockholder, his interests are strongly aligned with those of our investors, reinforcing his commitment to long-term success.

    Mr. Minetti is one of the Board’s newest directors, having been appointed in February 2024. He has more than 35 years of experience in the financial services industry, including expertise in consumer lending and credit risk. He has held leadership roles at companies like Stripe, Discover and American Express.

    If elected, Mr. Vazquez and Mr. Minetti will serve alongside the Company’s six other directors, each of whom has played an important role in overseeing our progress. These directors bring critical expertise in areas that are essential to our business, including financial services, credit risk, consumer lending, government regulation, capital markets and technology.

    In addition to the election of directors, stockholders can also vote at this year’s Annual Meeting on proposals to amend the Company’s governing documents to declassify the Board and allow stockholders to amend and approve amendments to our governing documents with a simple majority vote. These two proposals reflect our ongoing commitment to effective oversight and governance and, if approved, would enhance stockholder rights and strengthen accountability.

    This Year’s Annual Meeting

    Despite the meaningful progress we have made, one of our stockholders, Findell Capital Management, LLC (together with its affiliates, “Findell”) is once again pursuing a proxy contest, this time seeking to remove our CEO from the Board and replace him with its own candidate.

    Over the last several years, we have engaged extensively with Findell in good faith. Since the beginning of 2023, members of the Board and management team have had dozens of interactions with Findell’s principal to understand his perspective and explore areas for alignment.

    We have objectively considered Findell’s suggestions and embraced more than a few of its recommendations, including recently when we determined to reduce the size of the Board and appoint a new Lead Independent Director after the Annual Meeting. We have also independently undertaken initiatives consistent with Findell’s feedback, including reducing expenses, streamlining our business and enhancing our corporate governance profile.

    We do not believe Findell’s nominee is a suitable replacement for Mr. Vazquez. Removing our CEO from the Board would jeopardize the continuity, leadership and business insight we need to continue the significant progress we’ve made, and would send a disruptive message to our employees and other stakeholders.

    Thank you for your support and investment in Oportun as we continue to work to create value on behalf of all stakeholders.

    Sincerely,
    The Oportun Financial Corporation Board of Directors

    Your Vote Is Important!

    Please vote on the GREEN proxy card “FOR” the Company’s two nominees, and “WITHHOLD” on Findell’s candidate, using one of the following options:

    • Online – Follow the instructions set forth on the enclosed GREEN proxy card to vote via the Internet,
    • Phone – Follow the instructions set forth on the enclosed GREEN proxy card to vote by telephone, or
    • Mail – Mark, sign and date the enclosed GREEN proxy card and return it in the postage-paid envelope provided.

    Remember, please discard and do not sign any white Findell proxy card. If you have already voted using a white proxy card, you may cancel that vote simply by voting again using the Company’s GREEN proxy card. Only your latest-dated vote will count!

    If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

    INNISFREE M&A INCORPORATED
    Shareholders may call:
    (877) 800-5195 (toll-free from the U.S. and Canada) or
    +1 (412) 232-3651 (from other countries)

    About Oportun

    Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.

    Cautionary Statement on Forward-Looking Statements 
    Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements. 

    Non-GAAP Financial Measures 
    This communication includes the presentation and discussion of certain financial measures that are not calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).  

    Adjusted Net Income is a non-GAAP financial measure defined as net income adjusted to eliminate the effect of certain items. We believe that Adjusted Net Income is an important measure of operating performance because it allows management, investors, and our Board of Directors to evaluate and compare our operating results, including return on capital and operating efficiencies, from period to period, excluding the after-tax impact of non-cash, stock-based compensation expense and certain non-recurring charges. 

    Adjusted Earnings (Loss) Per Share is a non-GAAP financial measure defined as Adjusted Net Income divided by weighted average diluted shares outstanding. We believe Adjusted Earnings (Loss) Per Share is an important measure because it allows management, investors and our Board of Directors to evaluate the operating results, operating trends and profitability of the business in relation to diluted adjusted weighted-average shares outstanding. 

    Adjusted Operating Expense is a non-GAAP financial measure defined as total operating expenses adjusted to exclude stock-based compensation expense and certain non-recurring charges, such as expenses associated with our workforce optimization, and other non-recurring charges. Other non-recurring charges include litigation reserve, impairment charges, and debt amendment costs related to our corporate financing facility. We believe Adjusted Operating Expense is an important measure because it allows management, investors and our Board of Directors to evaluate and compare our operating costs from period to period, excluding the impact of non-cash, stock-based compensation expense and certain non-recurring charges. 

    Adjusted Operating Expense Ratio is a non-GAAP financial measure defined as Adjusted Operating Expense divided by Average Daily Principal Balance. We believe Adjusted Operating Expense Ratio is an important measure because it allows management, investors and our Board of Directors to evaluate how efficiently we are managing costs relative to revenue and Average Daily Principal Balance. 

    See below for a reconciliation of the 2025 non-GAAP figures provided in this document to the corresponding GAAP figure:  

    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
    (in millions, unaudited)
        Three Months Ended
    March 31,
    Adjusted Operating Expense Ratio   2025     2024  
    OpEx Ratio   13.9%     15.5%  
             
    Total Operating Expense   $92.7     $109.6  
    Adjustments:        
    Stock-based compensation expense    (2.8)     (4.0)  
    Workforce optimization expenses    0.1     (0.8)  
    Other non-recurring charges    (1.0)     (3.1)  
    Total Adjusted Operating Expense   $88.9     $101.7  
             
    Average Daily Principal Balance   $2,705.2     $2,851.7  
             
    Adjusted OpEx Ratio   13.3%     14.3%  
             

    Note: Numbers may not foot or cross-foot due to rounding. 

    RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES
    (in millions, unaudited)
        FY 2025
    Adjusted Net Income and Adjusted EPS   Low   High
    Net income   $23.2   $33.4
    Adjustments:        
    Income tax expense (benefit)   6.3   9.0
    Stock-based compensation expense   13.7   13.7
    Other non-recurring charges   6.0   6.0
    Mark-to-market adjustment on ABS notes       23.5   23.5
    Adjusted income before taxes       $72.6
    		   $85.6
    Normalized income tax expense       19.6   23.1
    Adjusted Net Income       $53.0
    		   $62.5
             
    Diluted weighted-average common shares outstanding   48.0   48.0
             
    Diluted earnings per share   $0.48   $0.70
    Adjusted Earnings Per Share   $1.10   $1.30

    Note: Numbers may not foot or cross-foot due to rounding. 

    This non-GAAP information should be considered as supplemental in nature and is not meant to be considered in isolation from, or as a substitute for, the related financial information prepared in accordance with GAAP. In addition, this non-GAAP financial measure may not be the same as similar measures presented by other companies. We are unable to predict or estimate with reasonable certainty the ultimate outcome of certain items required for corresponding GAAP measures without unreasonable effort. Information about the adjustments that are not currently available to the Company could have a potentially unpredictable and significant impact on future GAAP results. 

    Investor Contact
    Dorian Hare
    (650) 590-4323
    ir@oportun.com

    Innisfree M&A Incorporated
    Scott Winter / Gabrielle Wolf / Jonathan Kovacs
    (212) 750-5833

    Media Contact
    FGS Global
    John Christiansen / Bryan Locke
    Oportun@fgsglobal.com

    The MIL Network –

  • MIL-OSI: Trust Wallet Launches Buy+, Powered by Binance Connect, to Simplify Crypto Access

    Source: GlobeNewswire (MIL-OSI)

     

    Users can buy tokens on BNB Chain, Base and Solana directly with cards, local currency and more – all without leaving the Trust Wallet app.

    DUBAI, United Arab Emirates, June 02, 2025 (GLOBE NEWSWIRE) — Trust Wallet, the world’s leading self-custody Web3 wallet trusted by over 200 million users, has launched Buy+, a new feature powered by Binance Connect, to simplify crypto access for users worldwide and make onboarding easier for newcomers. The feature allows anyone to purchase tokens on BNB Chain, Base and Solana using fiat — without needing to own crypto assets, or to understand complex crypto workflows.

    Before this improvement, buying a new or trending token often meant a multi-step process, including manual swaps and switching between platforms. For many — especially beginners — this was confusing, time-consuming, and carried the risk of mistakes. Now, with Buy+, Trust Wallet simplifies everything into one seamless flow — making it possible to go from card, Apple/Google Pay and more, to a user’s desired token in just a few taps, all without leaving the app or giving up self-custody.

    “The first step to onboard a fiat asset into the desired crypto asset directly is often the hardest. And that’s what we’re improving as part of the effort to bring web2 user experience to web3 tech,” said Eowyn Chen, CEO of Trust Wallet. “When people discover a good crypto asset, they want to be able to buy it quickly, securely, and easily. Increasingly, these assets are not the major coins but rather smaller, trending tokens. So, we seamlessly integrate fiat onboarding with on-chain crypto swapping with the fewest steps. With this new capability, we’re giving users a simpler, safer, and smarter way to get their desired tokens —without compromising on self-custody or experience.”

    Buy+ works by intelligently routing transactions based on token availability. If a token is directly supported by Binance Connect, the purchase is completed in one seamless fiat-to-crypto flow. If not, the feature automatically facilitates a two-step process — first acquiring the required native token and then swapping it within the Trust Wallet app — all while maintaining full self-custody and minimizing complexity for the user.

    This feature pairs Binance Connect’s fiat-to-crypto infrastructure with Trust Wallet’s smart routing and swap capabilities to deliver a uniquely seamless experience that balances speed, flexibility, and full ownership.

    “At Binance, we’re focused on breaking down barriers to crypto adoption, and the launch of the Buy+ feature in Trust Wallet — powered by Binance Connect — is a major step in that direction,” said Thomas Gregory, Vice President of Fiat at Binance. “By removing the complexity of chains, swaps, and token transfers, we’re giving users — especially those new to crypto — a faster, simpler way to access the tokens and communities they care about. Binance Connect is proud to power this experience and enable our partners to deliver seamless fiat-to-crypto journeys.”

    Additional blockchain networks will be supported in future rollouts, as Binance Connect continues to expand access to Web3 tokens.

    This collaboration between Trust Wallet and Binance Connect reflects a shared commitment to lowering barriers to entry and making Web3 more intuitive for millions of users worldwide.

    Get Started Today

    To try Buy+ Token, download or open the latest version of Trust Wallet and tap “Buy” on any supported token. The feature is now live.

    Note: Until further notice, this feature will not be available in the UK, US, Canada, Nigeria, Netherlands, Russia, Belarus, Cape Verde, Cuba, Syria and Iran. This communication is not intended for audiences within the United Kingdom. If you are accessing this content from within the United Kingdom, please exit immediately.

    About Trust Wallet

    Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

    For media enquiries, contact:

    press@trustwallet.com

    About Binance Connect

    Binance Connect is a leading fiat-to-crypto infrastructure platform powered by Binance. It enables seamless on- and off-ramp solutions for Web3 applications, wallets, and marketplaces by leveraging Binance’s global liquidity, regulatory compliance, and diverse payment rails — including card payments, Apple Pay, Google Pay, local banking options, and P2P trading. Built to simplify access to digital assets, Binance Connect bridges traditional finance and decentralized ecosystems, empowering developers, businesses, and users to interact with crypto securely and efficiently.

    For media enquiries, contact:

    pr@binance.com

    Disclaimer: This is a paid post and is provided by Trust Wallet. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8a673bf-72b8-4ac2-8e15-f79463a06b4b

    The MIL Network –

  • MIL-OSI Economics: Dimitar Radev: Responding to policy volatility – the outlook for public investors

    Source: Bank for International Settlements

    The defining feature of our current environment is volatility. It dominates economic briefings, investment strategies and global outlooks.

    This volatility is not just market noise. It signals deeper, systemic shifts. We are no longer navigating temporary dislocations. We are operating in a fundamentally more uncertain world. Policy itself has become a source of volatility.

    This transformation has profound implications for how we think, plan and invest. To navigate this environment, we must rely on a strong conceptual framework – one grounded in economic reality and institutional adaptability.

    Five key assumptions

    My conceptual framework is based on five key assumptions.

    First, policy volatility is structural, not episodic. Geopolitical tensions are intensifying. Trade flows are becoming politicised. Financial sanctions are more frequent and increasingly targeted. These are not temporary disruptions – they are reshaping the global financial system.

    Second, in such an environment, strategic resilience must take precedence over tactical prediction. Diversification remains important, but it is no longer sufficient. We must embed optionality into our governance frameworks – ensuring that our policies and processes allow rapid adaptation to shifting conditions.

    Third, policy coordination is more essential than ever – both within institutions and externally. Reserve management cannot be isolated from monetary policy or financial stability. Our investment decisions must support, rather than complicate, broader policy objectives – especially during periods of stress. Externally, coordination with fiscal authorities and international institutions is critical. In a fragmented world, shared insight becomes a powerful source of stability.

    Fourth, we must re-examine the notion of strategic autonomy – not only at the European level but also nationally. In a climate of geopolitical uncertainty, it is not only what assets we hold, but whether we can access them when needed. This requires a renewed focus on exposures and counterparty risk, along with a serious evaluation of alternative reserve assets – including gold and exchange-traded funds – and a strategic effort to expand and strengthen regional currency arrangements, such as the euro area.

    Fifth, despite short-term noise, we must remain focused on the long term. Demographic aging, the climate transition and technological disruption are not distant threats – they are present investment realities. We must integrate these forces into public wealth management to preserve value and foster sustainable economic growth.

    Implications for Bulgaria and the CEE region

    The implications for Bulgaria may mirror broader trends across central and eastern Europe. While Bulgaria’s direct exposure to current trade tensions is limited, indirect effects could be significant. We are deeply integrated into European supply chains and heavily reliant on external demand from major euro area economies. A slowdown in these – driven by weakening global trade – poses real risks to our exports and investment flows.

    At the same time, the restructuring of global supply chains introduces uncertainty about future trade routes and production hubs. The full impact is difficult to quantify. But the risks are clearly tilted to the downside, with potential consequences for medium-term growth.

    One channel already in motion is commodities. Expectations of softer global demand – driven by trade tensions – have pushed oil prices down. For energy-intensive economies like Bulgaria, this has delivered a short-term disinflationary effect.

    However, the broader inflationary and investment implications of trade fragmentation remain uncertain and may evolve rapidly.

    Foreign exchange reserve management

    The optimal composition of foreign exchange reserves warrants renewed scrutiny. We now operate in an environment marked by heightened geopolitical tensions, weaker global growth, volatile capital flows and increased market instability

    Historically, confidence in the US economy and financial system has supported the dominance of the dollar. As of the end of 2024, there has been no major shift in global reserve currency allocations – the dollar remains dominant, underpinned by its liquidity, depth and perceived safety. Yet this may be beginning to change.

    Simultaneously, gold has re-emerged as a strategic reserve asset. Several central banks have significantly increased their gold holdings in recent years – not only as a hedge against financial risk, but also as protection against geopolitical shocks.

    These trends sharpen the focus on the euro’s role as a reserve currency – an increasingly relevant question.

    The euro and Bulgaria’s strategic path

    For Bulgaria, these developments make our long-standing ambition to join the euro area more relevant – and more urgent – than ever. This conclusion is clearly supported by the prevailing conceptual framework outlined here.

    Euro adoption will have five sets of repercussions. It will anchor Bulgaria’s monetary policy within the European Central Bank framework, and provide credibility, stability and predictability. Furthermore, it will reduce currency risk and protect the economy from speculative pressure; enhance investor confidence and deepen financial integration; and offer access to euro area mechanisms, such as the European Stability Mechanism.

    In a world where policy volatility is structural, euro area membership will strengthen Bulgaria’s strategic resilience – through institutional alignment and enhanced crisis response tools.

    Bulgaria’s reserve management strategy

    At present, the composition of Bulgaria’s foreign exchange reserves is shaped by our legal mandate and the operational logic of the currency board. About 90% of our reserves are held in euros, with the remaining 10% in gold.

    Credit and currency risks are tightly constrained. Eligible assets must carry a minimum AA– rating. This conservative, short-duration approach has served us well during periods of market stress.

    Looking ahead, euro area accession will mark a new phase in reserve management. The new law on the Bulgarian National Bank introduces greater flexibility. With the euro becoming our domestic currency, we will begin to diversify our foreign exchange reserves into other currencies.

    We are already laying the groundwork – developing new operational infrastructure, expanding our network of counterparties and building deeper market expertise.

    We will also adjust our risk framework, relaxing the credit threshold of the securities we hold from AA- to A- and extending the investment horizon from short-term to strategic, long-term. These reforms will broaden our investment universe – potentially including instruments such as ETFs. Naturally, any such instruments will be subject to rigorous assessment to ensure alignment with our core objectives: capital preservation and liquidity assurance.

    Central banks must adapt

    As global fragmentation becomes a defining feature of the international landscape, central banks must adapt. We must continue to uphold the core principles of reserve management – liquidity, safety and return – while increasingly addressing geopolitical and systemic risks.

    Strategic positioning will be just as important as financial fundamentals. For the Bulgarian National Bank, this means maintaining resilience under today’s currency board – while preparing for a more dynamic, risk-aware reserve management strategy in the very near future.

    The reforms ahead will require careful execution. But they also offer a timely opportunity to strengthen our capabilities, increase our adaptability and position ourselves for a more volatile, multipolar world.

    MIL OSI Economics –

  • India manufacturing PMI stands at 57.6 in May: HSBC

    Source: Government of India

    Source: Government of India (4)

    India’s manufacturing sector maintained strong momentum in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) posting a reading of 57.6, according to data released Monday. While slightly below April’s 58.2, the index remained comfortably above the neutral 50 mark, indicating sustained growth.
     
    The PMI data, compiled by S&P Global, signalled another robust month for the sector.
     
    “India’s May manufacturing PMI signalled another month of robust growth in the sector,” said Pranjul Bhandari, Chief India Economist at HSBC. “The acceleration in employment growth to a new peak is certainly a positive development. Input cost inflation is picking up, but manufacturers seem to be mitigating pressure on margins by raising output prices.”
     
    The expansion was driven by strong domestic and overseas demand, along with effective marketing efforts that pushed export orders to one of their highest levels in the past three years. Firms reported increasing interest from key global markets, including Asia, Europe, West Asia, and the United States.
     
    A key highlight of May’s performance was record-high job creation since the PMI survey’s inception. Manufacturers focused on strengthening their permanent workforce, enabling smoother operations and better workload management.
     
    This trend offers a boost to India’s young workforce and underlines continued investment in the sector’s long-term prospects.
     
    Input costs rose moderately, with increases in items such as aluminium, cement, iron, leather, rubber, and sand, along with higher freight and labour charges. In response, manufacturers raised selling prices at a strong pace to safeguard profit margins.
     
    Despite inflationary pressures, business confidence remained high, supported by rising customer enquiries, successful advertising campaigns, and a favourable domestic environment. Manufacturers expressed optimism about growth prospects in the coming year.
     
    Adding to the positive outlook, India’s industrial production grew by 2.7 per cent in April 2025, according to the Ministry of Statistics. The manufacturing sector alone expanded by 3.4 per cent, with 16 out of 23 industry groups reporting positive output.
     
    –IANS

  • UPI transactions see 23% rise at Rs 25.14 lakh crore in May

    Source: Government of India

    Source: Government of India (4)

    The Unified Payments Interface (UPI) recorded a strong rebound in May, processing 18.68 billion transactions, up from 17.89 billion in April, according to data released by the National Payments Corporation of India (NPCI).
     
    This marks a 33 per cent year-on-year (YoY) growth compared to 14.03 billion transactions in May 2023.
     
    In terms of value, UPI transactions surged to ₹25.14 lakh crore in May 2025 — a 5 per cent rise over April’s ₹23.95 lakh crore and a 23 per cent increase from ₹20.45 lakh crore in the same month last year.
     
    The average daily transaction volume stood at 602 million, while the average daily transaction value reached ₹81,106 crore.
     
    UPI continues to cement its dominance in India’s digital payments ecosystem, with its share in total transaction volume rising to 83.7 per cent in FY25, up from 79.7 per cent in FY24.
     
    According to the Reserve Bank of India (RBI), UPI processed 185.8 billion transactions in 2024–25, marking a 41 per cent YoY growth. In value terms, UPI payments climbed to ₹261 lakh crore, compared to ₹200 lakh crore in the previous fiscal year.
     
    “The success of UPI has positioned India as a global leader, accounting for 48.5 per cent of global real-time payments by volume,” the RBI noted in its annual report.
     
    Overall, digital payments in India — encompassing UPI, card networks, prepaid instruments, and other systems — grew 35 per cent to 221.9 billion transactions in FY25. The value of these payments rose by 17.97 per cent to ₹2,862 lakh crore.
     
    Looking ahead, the RBI reiterated its commitment to expanding UPI’s global footprint, aiming to enable UPI services in 20 countries by 2028–29. UPI apps are already accepted via QR codes in Bhutan, France, Mauritius, Nepal, Singapore, Sri Lanka, and the UAE, allowing Indian travellers to make merchant payments abroad using domestic UPI platforms.
     
    —IANS