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Category: Transport

  • MIL-OSI United Kingdom: Cllr Carmine Grimshaw appointed new Lord Mayor of Manchester

    Source: City of Manchester

    Miles Platting and Newton Heath councillor Carmine Grimshaw has been appointed the new Lord Mayor of Manchester following a meeting of the full today (14 May). 

    A lifelong Mancunian, Carmine’s journey from the streets of Ancoats to the halls of local government is a testament to his dedication, resilience, and unwavering commitment to the community.  

    Born and raised in Ancoats, Carmine grew up in a close-knit family, experiencing first hand the transformative changes in the city. He attended Saint Michael’s RC Primary School and later Saint Luke’s Secondary School in Beswick before embarking on his career as a sewing machine mechanic.  

    Following the closure of his employer Raffles & Co in the 1980s, he transitioned into street trading, earning his license in 1983 and becoming a familiar presence on Thomas Street in what is now known as the Northern Quarter. His advocacy for fellow traders led to the formation of the Manchester Street Traders Association in 1990, reinforcing his commitment to safeguarding local businesses.  

    Throughout the years, Carmine has continually worked to support Manchester’s communities. His tenure as chair of the A-5 Off-Licence Forum shows his concerns for responsible licensing and community safety.

    He and his twin brother Brian opened a convenience store in Newton Heath in 1993. The ambitious move was made possible with the help of their friend and former Lord Mayor the late Cllr Hugh Barrett and was a further nod to his service to the local community.  

    In 2012, his passion for civic engagement led him to public office, where he has tirelessly represented the residents of Miles Platting and Newton Heath for more than a decade. His leadership on various committees, including the Neighbourhoods and Communities Committee and the Licensing Policy Committee, has been instrumental in shaping policies that benefit Manchester’s citizens.  

    Throughout his tenure as Lord Mayor, Carmine will have the support of Lady Mayoress, Elaine Grimshaw and a Consort, Councillor June Hitchen. 

    Carmine is the proud father of twin sons, Carmine and Louis, along with youngest son, Jack, as well as three grandchildren, Zara and twins Honey and Rico. 

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Kingdom: Leeds welcomes the announcement that more Civil Service roles will be moved to the city

    Source: City of Leeds

    Councillor James Lewis, leader of Leeds City Council, said:

    “We welcome the Government’s continued recognition of Leeds as a key hub for Civil Service roles. With over 14,000 civil servants already based in Leeds, this announcement builds on our role as a major centre for government outside London.

    “Relocating more roles will bring decision-making closer to the communities it serves, support the creation of good jobs, and provide long-term whole career opportunities including for our talented apprentices, graduates and professionals.

    “The Leeds Health and Social Care Hub, which brings together the Department of Health and Social Care, NHS, local government, universities and other partners exemplifies how central government can work hand-in-hand with local delivery organisations to improve outcomes for patients and residents.

    “This move adds to the momentum we’re already seeing in Leeds as a leading financial centre, with major organisations like the Financial Conduct Authority, the Bank of England and the National Wealth Fund choosing to locate roles here – reinforcing the city’s growing national importance as a centre for public service and economic opportunity.”

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Kingdom: Final Government response to the Infected Blood Inquiry

    Source: United Kingdom – Executive Government & Departments

    Press release

    Final Government response to the Infected Blood Inquiry

    The government publishes its final response to the Infected Blood Inquiry’s May 2024 report.

    • Government’s final response to the Infected Blood Inquiry’s May 2024 report highlights progress delivering Inquiry’s twelve recommendations.

    • Progress includes nearly £100 million so far in compensation to victims and over £1.2 billion in interim payments, committing £500,000 to advocacy charities, and greater support for patients with liver damage.

    • Sir Robert Francis KC, Interim Chair of Infected Blood Compensation Authority, will also continue his role for another 18 months.

    Nearly £100 million in compensation has been paid to victims of the Infected Blood Scandal so far, alongside over £1.2 billion in interim payments, as the government publishes its final response to the Infected Blood Inquiry’s May 2024 report – highlighting progress delivering the Inquiry’s twelve recommendations.

    Recognising the unspeakable suffering of victims, the government accepts all twelve of the Inquiry’s recommendations, with some accepted in full, and others accepted in principle. There are no recommendations that the government has not accepted. 

    Paymaster General and Minister for the Cabinet Office, Nick Thomas-Symonds MP, said:

    Today is an important milestone, nearly one year on from the publication of the Inquiry’s report.  

    The victims of this scandal have suffered unspeakably. We remain fully committed to cooperating with the Inquiry, are acting on its twelve recommendations, and are grateful for its work to date.

    We have paid nearly £100 million in compensation so far, and have set aside £11.8 billion to deliver what is one of the most comprehensive compensation schemes in modern history.

    The government is delivering Recommendation 1, to set up a compensation scheme. Compensation is paid through the Infected Blood Compensation Authority (IBCA), an independent organisation that was set up on the Inquiry’s recommendation in its Second Interim Report. IBCA has paid out £96.6 million in compensation so far to victims of the Infected Blood Scandal, building on over £1.2 billion already paid out by the government in interim payments.

    Government is delivering Recommendation 10, to empower the voices of infected blood patients, by paying £500,000 to patient advocacy charities. These funds will be paid to specific charities that have been recommended by the Inquiry, and meetings are underway to agree on awards. 

    Government is also delivering Recommendation 6, to monitor patients with liver damage, by ensuring that all patients with liver damage will have their care overseen by a medical consultant. Patients with a Hepatitis C diagnosis will receive greater follow-up and monitoring, and NHS England will also be proactively identifying patients with bleeding disorders to ensure they receive appropriate testing, treatment and ongoing monitoring.

    Today, the Government is also announcing that Sir Robert Francis KC, Interim Chair of the Infected Blood Compensation Authority, will remain in his role for another 18 months. The decision to extend his term was taken to provide continuity for the organisation and the infected blood community, and ensure compensation continues to be delivered without delay.

    The Inquiry has set out its intention to publish a further report on compensation, and the Government remains committed to cooperating with the Inquiry.

    Commenting on his extension, Sir Robert Francis KC said:

    I am honoured to continue serving as ​Interim ​Chair of the Infected Blood Compensation Authority.

    My priority remains to ensure that we pay compensation to those impacted by the scandal as quickly as possible, while maintaining transparency and compassion throughout our work.​

    ENDS

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    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Kingdom: Expanding NHS orthopaedic services

    Source: Scottish Government

    Major increase in surgical procedures

    Health Secretary Neil Gray visited Gartnavel General Hospital today to see first-hand how Scottish Government investment is supporting increased capacity in orthopaedic services to deliver faster care for patients.

    The visit follows the Programme for Government announced by the First Minister last week,  which committed to the delivery of more than 150,000 additional NHS appointments and procedures, including in surgical procedures such as hip and knee replacements compared to last year.

    This investment is part of the government’s commitment to strengthening the NHS and ensuring timely access to essential treatments.

    During his visit, Mr. Gray toured Gartnavel’s state-of-the-art theatre complex, where he met with frontline staff involved in the expanded orthopaedic services. NHS Greater Glasgow and Clyde will be allocated funding to support the delivery of additional orthopaedic procedures through extra elective theatres at the hospital.

    Health Secretary Neil Gray said:

    “The Scottish Government is determined to increase capacity in our NHS – making sure people can get the quality care they need when they need it. 

    “Increasing orthopaedic capacity here means faster, more efficient care for those who need it most, allowing patients to regain mobility and quality of life without unnecessary delays.

    “We have seen real progress in the last year, with more than 105,000 appointments and procedures delivered through an additional £30 million of targeted investment in 2024-25. Now we want to build on that momentum through the additional £200 million set out in this year’s Budget to reduce waiting lists and to help support reduction of delayed discharge.”

    Background

    The Programme for Government 2025-26 includes a wide range of measures to support the NHS and improve public health, including:

    • Over 150,000 additional NHS appointments and procedures, with a 50% increase in surgical procedures such as hip and knee replacement compared with last year.
    • 100,000 enhanced GP appointments by March 2026 for high-risk conditions such as high blood pressure, high cholesterol, high blood sugar, obesity, and smoking.
    • Enhanced diagnostic pathways, including targeted cancer pathways, to help tackle backlogs and achieve the 62-day referral to treatment standard.

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Kingdom: ‘Life and legacy’ of Spitfire designer Reginald Mitchell to be celebrated on 130th anniversary of his birth

    Source: City of Stoke-on-Trent

    Published: Wednesday, 14th May 2025

    The “life and legacy” of Reginald Mitchell will be celebrated in a day of events on the 130th anniversary of his birth.

    The Supermarine Spitfire designer was born on 20 May 1895 in Kidsgrove and moved to Normacot shortly after he was born.   

    Invited guests will gather in the Potteries Museum & Art Gallery at 10.30am on Tuesday 20 May for an event to remember his lasting contribution to engineering and the aeronautical industry.   

    A host of speakers have been arranged, including Julian Mitchell, Reginald’s great nephew and Paul Beaver, Trustee of the National Spitfire Project and the author of Spitfire People, Spitfire Evolution and Mitchell – Father of the Spitfire. 

    The event is by invitation and tickets are limited. Residents of Stoke-on-Trent can request tickets by contacting karen.convey@stoke.gov.uk 

    In the afternoon, the staff at the Reginald Mitchell pub in Hanley have organised an event for guests and veterans including the Tri-Services.  

    The team at the JD Wetherspoon pub on Parliament Row is inviting veterans to attend from 2.30pm to 4.30pm and enjoy a hot drink and a slice of a large Spitfire cake being made for the occasion.  

    Mr Mitchell will host a quiz for customers from 4.30pm with the winning team receiving a 12-piece vintage prints dinner set from Churchill China, the same tableware used by Wetherspoons, valued at over £150. 

    The pub will have a display of aeroplanes designed by children from Reginald Mitchell Primary School. The bar will be stocked with a range of beer featuring names all linked to aviation and the city’s centenary.   

    Guests will be encouraged to make paper aeroplanes to take part in a fun competition for charity. Entrants will launch their plane off the top bar balcony to see which one flies the furthest. Entry is £2 with proceeds going to the Young Lives vs Cancer charity.   

    A series of events to celebrate Reginal Mitchell’s birthday week are planned in the pub.   

    Cllr Steve Watkins, Deputy Lord Mayor of Stoke-on-Trent, said: “This special day will look back at the life of Reginald Mitchell and how his work has inspired generations of engineers since he passed away at 42. He and his team led the world in aircraft design. It’s part of our centenary celebrations and will tell his story and look at how his legacy is encouraging young engineers to take up a career in the industry today.  

    “It’s been great to work with the staff at the Reginald Mitchell pub who are making plans to mark this occasion throughout the week with other events.  They’re keen to encourage veterans to pop in and enjoy a chat and catch-up over tea and cake while learning more about Reginald.” 

    Julian Mitchell said: “130 years on and RJ is still making a real impact on our local community and beyond. Celebrating his engineering genius and design creativity is at the heart of our Operation Spitfire for Schools project. 

    “We’re helping students understand what is possible in their futures and highlight examples of local people who have done amazing things.” 

    Debbie Whittingham, Regional Manager and Employee Director at JD Wetherspoons, said: “It is fantastic to have the opportunity to join in the celebrations for both the centenary of Stoke-on-Trent and Reginald Mitchell’s birthday celebrations. The Reginald Mitchell is a beautiful and historic building, and we are very proud to be able to honour his name and legacy. 

    “We’re looking forward to welcoming everyone to share a fun week of events and to celebrate this legend of a man. We want to show our pride in Stoke-on-Trent and its incredible legacy to the world as one of the great cities of the industrial revolution.  

    “This was thanks to the creative, hardworking and spirited people of this city who made it all happen.” 

    Events in The Reginald Mitchell pub  

    • Monday 19 May: 7pm – History talk with local social media star ‘Jenna the Red Haired Stokie’. Small charge, all going to charity.  
    • Wednesday 21 May: 11am –  History talk in the upstairs bar area from local historian Mervyn Edwards. £5 entry ‘The lost pubs of Hanley’. ‘Why were they built and how did they survive so long?  Who were the landlords and patrons associated with them – and how many do you remember?’  
    • 7pm – Film night. Battle of Britain to be shown on the big screen with a 1940s fancy dress competition. Prize for the best dressed.  
    • Thursday 22 May: 7pm-9pm Pottery in the Pub. A pottery workshop hosted by the Clay Rooms. £30 per person (£5 going to Young Lives vs Cancer charity). Visit theclayrooms.co.uk to book. Free tea and coffee. 

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Nations: Rising heat, rising risk: managing forest fires in a warming world

    Source: United Nations Economic Commission for Europe

    Wildfires are becoming more intense, more frequent, and more destructive, stretching across continents, ecosystems, and communities.

    In the 2023-2024 season, 3.9 million km² of land burned globally, with carbon emissions 16% above average. Major wildfire events included Canada’s worst season, with 150,000 km² burned and 232 thousand people evacuated, Greece’s largest wildfire on record (900 km²), and deadly fires in Hawaii and Chile, claiming over 200 lives, according to the State of Wildfires 2023-24: CAMS data support assessment – Copernicus. As we approach the 2025 fire season in the Northern Hemisphere, which typically runs from June to October, California has already faced devastating fires in January, outside the usual fire season.

    This growing trend of longer and more intense fire seasons highlights that wildfires are no longer confined to a specific time of year, but are now a year-round global threat.

    Wildfires are escalating into a global crisis, with far-reaching consequences for ecosystems, public health, and the climate. They worsen air pollution, increase carbon emissions, disrupt water supplies, and increase the risk of floods and landslides, compounding vulnerabilities in both rural and urban areas.

    Recognizing this urgency, the UNECE/FAO Working Party on Forest Statistics, Economics and Management, a UN expert body that facilitates technical cooperation on forest data, management, and policy, and oversees expert teams working on these topics, brought together country delegates and experts to explore what is driving this crisis, what it is doing to our forests, and what can be done to manage it.

    Fire is not always an enemy. It has long played a vital role in many forest ecosystems, clearing dead vegetation, recycling nutrients, and fostering diversity. Some forest types even depend on periodic burns to regenerate. When strategically managed, including through practices like controlling and prescribed burning, fire becomes a powerful tool to maintain healthy forests and reduce the risk of larger, more destructive wildfires.

    The balance, however, is shifting. Driven primarily by climate change, wildfires are now pushing ecosystems to their limits. Longer dry seasons, hotter temperatures, and erratic weather are turning manageable fires into landscape-scale disasters.

    As countries prepare for the 2025 UN Climate Change Conference (UNFCCC COP30) in Belém, Brazil, the session emphasized that wildfire risk must be integrated into climate strategies. Forests are a key line of defense against global warming, but only if they are protected and managed sustainably.

    The session concluded with a clear message: a proactive, data-driven, and climate-smart approach is essential.

    Stronger forest resilience measures are needed, including sustainable management, landscape restoration, and fuel load reduction through prescribed burns. Increased investment in firefighting capacity and improved land-use planning are also crucial to protect communities in fire-prone areas.

    Experts highlighted the importance of cross-border collaboration, citing initiatives like the Global Fire Management Hub and tools such as EFFIS and INForest to support data collection and evidence-based policies.

    The path forward must recognize fire’s dual role: as both a threat and a tool in building resilient forest landscapes.

    Resources and further reading

    MIL OSI United Nations News –

    May 15, 2025
  • MIL-OSI Security: New York Times “Reporting” Fails to Mention ICE Arrests of Criminal Illegal Aliens Charged with Kidnapping, Assault, Firearms Offenses, and Theft

    Source: US Department of Homeland Security

    The New York Times story falsely paints a narrative that ICE targeted coffee workers—the truth is criminal illegal aliens were the targets 

    WASHINGTON – The New York Times story falsely painted a narrative that Immigration and Customs Enforcement (ICE) targeted illegal alien coffee workers in Hawaii. The truth is ICE targeted criminal illegal aliens and conducted unaccompanied minor welfare checks to ensure children are not being abused, trafficked or otherwise exploited. 

    “Our brave ICE agents conducted operations in Hawaii to protect communities from violent criminals who shouldn’t be in our country. The targets of the operation in Hawaii included criminal illegal aliens charged with kidnapping, assault, distribution of deadly drugs, domestic abuse, and theft,” said Assistant Secretary Tricia McLaughlin. “Why does the New York Times continue to peddle false sob stories of criminal illegal aliens but ignore their victims? Completely leaving out the facts and rap sheets of criminals arrested shows the New York Times’s complete bias. This story was nothing but an attempt to mislead the public.”  

    Below are some of the criminal illegal aliens arrested in Hawaii that the New York Times failed to report:  

    On January 23, 2025, HSI Honolulu administratively arrested Rescue Suda, a citizen of the Marshall Islands. The Circuit Court of Hawaii County, Hawaii previously convicted Suda of Felony Assault. Suda was also arrested for kidnapping and terroristic threatening.

    On February 25, 2025, HSI Honolulu arrested Navor Salas-Cruz, 52, a citizen of Mexico. Salas-Cruz was identified as being present in the United States after a prior order of removal. Salas-Cruz has multiple immigration encounters starting in 1996 including 2 prior removals and has a lengthy state criminal history ranging from assault, DWI, forgery, driving without a license, criminal contempt of court, family abuse. Federal charges include 8 U.S.C. § 1326(a) and 18 U.S.C § 922(g)(l) for one count of reentry of removed alien and one count of felon in possession of firearms and ammunition. 

    On January 25, 2025, HSI Honolulu arrested RJ Marsolo, a citizen of the Federated States of Micronesia.  The State of Hawaii, Circuit Court of the First Circuit, previously convicted Marsolo of assault in the first degree and assault in the third degree and sentenced him to a total of 10 years imprisonment.  

    On January 25, 2025, HSI Honolulu arrested Herman Faamausili, A citizen of Samoa.  The United States District Court, District of Hawaii, previously convicted Faamausili of distribution and possession with intent to distribute 50 grams or more of a mixture or substance containing methamphetamine and sentenced him to 70 months imprisonment.  The immigration judge ordered Faamausili’s previous removal from the United States on September 15, 2021.  

    On January 26, 2025, HSI Honolulu arrested Heine a citizen of the Federated States of Micronesia. The Superior Court of Guam convicted JAI of theft by receiving, sentencing him to 5 years in prison, and assault, sentencing him to 1 year in prison.  The immigration judge previously ordered JAI’s removal from the United States on April 16, 2020.

    ###

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Michigan Man Arrested and Charged with Attempting to Attack Military Base on Behalf of ISIS

    Source: United States Attorneys General 1

    A Melvindale man – and former member of the Michigan Army National Guard – was arrested today after he attempted to carry out a plan to conduct a mass-shooting at a U.S. military base in Warren, Michigan, on behalf of the Islamic State of Iraq and al-Sham (ISIS), a foreign terrorist organization.

    Ammar Abdulmajid-Mohamed Said, 19, is charged in a criminal complaint with attempting to provide material support to a foreign terrorist organization and distributing information related to a destructive device.

    “This defendant is charged with planning a deadly attack on a U.S. military base here at home for ISIS,” said Sue J. Bai, head of the Justice Department’s National Security Division. “Thanks to the tireless efforts of law enforcement, we foiled the attack before lives were lost. We will not hesitate to bring the full force of the Department to find and prosecute those who seek to harm our men and women in the military and to protect all Americans.”

    “ISIS is a brutal terrorist organization which seeks to kill Americans. Helping ISIS or any other terrorist organization prepare or carry out acts of violence is not only a reprehensible crime – it is a threat to our entire nation and way of life,” said U.S. Attorney Jerome F. Gorgon Jr. for the Eastern District of Michigan. “Our office will not tolerate such crimes or threats, and we will use the full weight of the law against anyone who engages in terrorism.”

    “The defendant allegedly tried to carry out an attack on a military facility in support of ISIS, which was disrupted thanks to the good work of the FBI and our partners,” said Assistant Director Donald M. Holstead of the FBI’s Counterterrorism Division. “The FBI is steadfast in our commitment to detect and stop terrorist plans aimed at the American homeland or at U.S. interests overseas.”

    “The arrest of this former soldier is a sobering reminder of the importance of our counterintelligence efforts to identify and disrupt those who would seek to harm our nation,” said Brig. Gen. Rhett R. Cox, the commanding general of Army Counterintelligence Command. “I commend the tireless work of our special agents and FBI partners who worked together to investigate and apprehend this individual. We will continue to collaborate with our partners to prevent similar incidents in the future. We urge all soldiers to remain vigilant and report any suspicious activity to their chain of command, as the safety and security of our Army and our nation depends on our collective efforts to prevent insider threats.”

    According to the complaint, Said informed two undercover law enforcement officers of a plan he had devised and formulated to conduct a mass-shooting at the U.S. Army’s Tank-Automotive & Armaments Command (TACOM) facility at the Detroit Arsenal in Warren, Michigan. In April 2025, the two undercover officers indicated they intended to carry out Said’s plan at the direction of ISIS. In response, Said provided material assistance to the attack plan, including providing armor-piercing ammunition and magazines for the attack, flying his drone over TACOM to conduct operational reconnaissance, training the undercover employees on firearms and the construction of Molotov cocktails for use during the attack, and planning numerous details of the attack including how to enter TACOM and which building to target.

    On May 13 – the scheduled day of the attack – Said was arrested after he traveled to an area near TACOM and launched his drone in support of the attack plan. He will make his initial court appearance today in the Eastern District of Michigan. The U.S. Attorney’s Office will be asking the court to hold Said in pretrial detention because of his danger to the community and the risk that he will flee.         

    Based on the charges in the complaint, Said faces a maximum penalty of 20 years in prison for each count if convicted.

    The FBI’s Joint Terrorism Task Force is investigating the case.

    Assistant U.S. Attorney Douglas Salzenstein for the Eastern District of Michigan and Trial Attorneys John Cella and Charles Kovats of the National Security Division’s Counterterrorism Section are prosecuting the case.

    A complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Canada: Canadian Coast Guard Inshore Rescue Boat Stations Open Across Ontario

    Source: Government of Canada News (2)

    May 14, 2025

    Sarnia, Ontario – The Canadian Coast Guard’s Inshore Rescue Boat stations on the Great Lakes, Georgian Bay, and St. Lawrence are now open.

    Inshore Rescue Boat stations are crewed by post-secondary students hired and trained by the Canadian Coast Guard. They provide additional maritime search and rescue service during the busy summer recreational boating season. The stations are located at Britt on Gereaux Island (Georgian Bay), Brebeuf Island (Georgian Bay), Hill Island (St. Lawrence River), Corunna (St. Clair River), Mitchell’s Bay (Lake St. Clair) and Long Point (Lake Erie).

    They are open from May 14, 2025, at 12 p.m. ET until September 3, 2025.          

    Ashore, Canadian Coast Guard Marine Communications and Traffic Services centres provide marine safety communications, while the response to each search and rescue case is coordinated by the Joint Rescue Coordination Centre in Trenton, Ontario.

    Waterways remain very cold at this time of year and take much longer to warm up compared to the air. Transport Canada’s Safe Boating Guide is an excellent source of information in preparation for the recreational boating season.

    On water emergencies can be reported 24 hours a day, 365 days a year, toll-free (within Canada) at 1-800-267-7270, or via marine VHF radio – channel 16.

    MIL OSI Canada News –

    May 15, 2025
  • MIL-OSI Security: Bakersfield, California, Man Pleads Guilty to Striking a Sheriff Helicopter with a Laser

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

    Brett Curtis Hair, 23, of Bakersfield, pleaded guilty today to aiming the beam of a laser pointer at an aircraft, Acting U.S. Attorney Michele Beckwith announced.

    According to court documents, on Sept. 11, 2024, at approximately 12:17 a.m., Kern County Sheriff’s Office helicopter Air 1 was on routine patrol when the cockpit was struck by a bright green laser beam. The Tactical Flight Officer pinpointed the source of the laser emanating from a residence within the Federal Aviation Administration’s (FAA) Critical Flight Zone of Bakersfield’s Meadow Field Airport. At least 15 additional laser strikes appeared to be intentional as the light tracked and struck the helicopter. Once Air 1 arrived above the residence, Hair exited the garage and immediately began striking the helicopter’s cockpit again with the high-powered laser. During the laser strikes, the pilot and Tactical Flight Officer experienced visual interference as the laser repeatedly struck and illuminated the cockpit, making it difficult to see the aircraft’s instruments.

    According to the FAA, aiming a laser at an aircraft is a serious safety risk, because many high-powered lasers can incapacitate pilots and interfere with the safe operation of their aircraft. In 2024, pilots reported 12,840 laser strikes to the FAA.

    This case is the product of an investigation by the Federal Bureau of Investigation and the Kern County Sheriff’s Office. Assistant U.S. Attorney Karen Escobar is prosecuting the case.

    Hair is scheduled for sentencing on Aug. 4, 2025. He faces a maximum statutory penalty of five years in prison and a $250,000 fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Pharmaceutical Manufacturer Assertio Therapeutics, Inc. to Pay $3.6 Million to Resolve Allegations That it Violated the False Claims Act in Connection with Marketing Its Fentanyl Product

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

    The Justice Department announced on May 5, 2025, that Assertio Therapeutics, Inc., formerly known as Depomed, Inc., a pharmaceutical company headquartered in Lake Forest, Illinois, has agreed to pay $3.6 million to resolve claims that Assertio violated the False Claims Act by causing the submission of false claims for the transmucosal immediate-release fentanyl drug Lazanda for individuals who did not have breakthrough cancer pain.

    The settlement was announced by U.S. Attorney Edward R. Martin, Jr., Acting Assistant Attorney General Yaakov Roth of the Justice Department’s Civil Division, Deputy Inspector General Christian J. Schrank of the Department of Health and Human Services Office of Inspector General, and FBIActing Assistant Director Darren Cox of the Criminal Investigative Division.

    Lazanda, a fentanyl nasal spray, is approved by the FDA solely for break-through cancer pain in patients who are already receiving and who are tolerant to opioid therapy for their underlying persistent cancer pain. The United States alleges that between 2013 and 2017, Assertio caused the submission of false claims to the Medicare and TRICARE programs by focusing its marketing on pain specialists who were prescribing high volumes of transmucosal immediate-release fentanyl, known as TIRF products, including those who were flagged for diversion or who were later indicted.

    The United States further alleges that Assertio placed high-volume TIRF prescribers on its speakers’ bureau and advisory boards and developed its “Signature Support Program” to ensure that Lazanda prescriptions would be approved by insurance companies, including Medicare Part D plans. The United States contends that, as a result of Assertio’s marketing, prescribers wrote Lazanda prescriptions for Medicare and TRICARE beneficiaries who did not have breakthrough cancer pain and that Assertio therefore caused false claims to be submitted to Medicare and TRICARE from high-volume thirteen prescribers.

    “This company took steps to boost its profits despite the risk of boosting the deadly opioid epidemic,” said U.S. Attorney Martin. “My office will continue to seek out violations like this that demonstrate a brazen disregard for the safety of the public.”

    “The Department is committed to pursuing companies that contributed to the tragic opioid epidemic,” said Acting Assistant Attorney General Roth. “This resolution demonstrates that companies that recklessly marketed powerful opioids, like fentanyl, will be held accountable for their role in the opioid crisis, which continues to plague our country today.”

    “As today’s settlement demonstrates, the FBI and our law enforcement partners remain committed to investigating violations of the False Claims Act,” said FBI Assistant Director in Charge Steven J. Jensen of the Washington Field Office. “We will continue holding companies accountable for fraudulent marketing that puts patients at risk.”

    “Violations of the False Claims Act such as the illegal prescribing practices alleged in this settlement are especially egregious considering the opioid epidemic,” said Deputy Inspector General Schrank. “HHS-OIG will continue to work with our law enforcement partners to ensure health care providers and corporations involved in schemes that threaten patient safety are held accountable.”

    The civil settlement includes the resolution of claims brought in 2017 under the qui tam, or whistleblower, provisions of the FCA by Noelle Webb and Nicole Novellino, who previously worked at Depomed as sales representatives. The FCA authorizes private parties to sue on behalf of the United States for false claims and share in any recovery. The qui tam case is captioned United States ex rel. Webb et al. v. Assertio Therapeutics, Inc., f/k/a Depomed, Inc., No. 1:17-02309 (D.D.C.). The relators’ share of these proceeds has not yet been determined.

    The Justice Department’s Civil Division, Commercial Litigation Branch – Fraud Section, and the U.S. Attorney’s Office for the District of Columbia handled this matter. The FBI, led by its Washington Field Office; the FDA’s Office of Criminal Investigations; and the Department of Health and Human Services Office of Inspector General provided substantial assistance in the investigation and resolution.

    Today’s settlement illustrates the government’s emphasis on combating healthcare fraud. One of the most powerful tools in this effort is the FCA. Tips and complaints from all sources about potential fraud, waste, abuse, and mismanagement, can be reported to the Department of Health and Human Services at 800-HHS-TIPS (800-447-8477).

    The Justice Department is committed to holding responsible those who have fueled the opioid crisis by violating the law.

    This case is being handled by Assistant U.S. Attorney Darrell Valdez for the District of Columbia, Senior Trial Counsel Sarah Arni, Trial Attorney Matthew Arrow, and Assistant Director Natalie Waites of the Civil Division’s Fraud Section.

    The claims resolved by the settlement are allegations only and there has been no determination of liability.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: 189 Arrested in Immigration Crackdown Under the ‘Make D.C. Safe and Beautiful’ Initiative

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

    Authorities Made Arrests as Part of Coordinated Effort to Restore Order and Uphold Immigration Laws.

    WASHINGTON – U.S. Attorney Ed Martin Jr. joined with other federal law enforcement leaders to announce today that as a result of a joint federal law enforcement initiative, authorities arrested 189 individuals following a joint federal immigration-related enforcement operation in the District of Columbia over the past week.

    As part of the operation, authorities apprehended 189 illegal aliens during an enhanced targeted immigration enforcement operation focusing on egregious criminal alien offenders operating in and around Washington, D.C., May 6–9.

    “Thanks to President Trump’s leadership and this administration’s focus on law and order, these arrests represent a major step forward in making Washington, D.C., safer for legal citizens and their families,” said U.S. Attorney Martin. “These arrests make clear that violating our nation’s immigration laws will not be ignored.”

    “The District of Columbia is exponentially safer today because of countless hours of investigative work and dedication to duty displayed by ICE Washington, D.C., and our law enforcement partners,” said ICE Enforcement and Removal Operations Washington, D.C., Field Office Director Russell Hott. “Working with our partner agencies, ICE officers and agents arrested 189 illegal aliens and removed them from the streets of our Nation’s Capital. Throughout this enhanced enforcement operation, we targeted the most dangerous alien offenders in some of the most crime-infested neighborhoods in the city of Washington, D.C. Evil is powerless if the good are unafraid. I commend the efforts of everyone involved, as all were truly committed to the success of this operation. ICE Washington, D.C., remains dedicated to our mission of prioritizing public safety by arresting and removing criminal offenders from our Nation’s Capital and surrounding communities.”

    Among those arrested during the enhanced targeted operation include the following:

    • A 47-year-old illegally present Guatemalan alien whose criminal history includes drug possession, illegal reentry, aggravated assault, trespassing, disorderly conduct, and sexual assault. His current criminal charges include unlawful reentry of a previously deported alien, disorderly conduct, lewd acts, possession of a controlled substance, sex abuse, assault with a dangerous weapon, and possessing an open container. Additionally, he has numerous gang-affiliated tattoos on his arms, legs, and chest.

    • A 25-year-old illegally present Guatemalan alien whose criminal history includes threat to kidnap, attempted possession of a prohibited weapon, threats to bodily harm, and simple assault. He is currently charged with alien present without admission or parole.

    • A 30-year-old illegally present Salvadoran alien whose criminal history includes simple assault, driving while intoxicated, brandishing a machete, and unauthorized use of a vehicle. He is currently charged with alien present without admission or parole.

    • A 36-year-old illegally present Mexican alien whose criminal history includes misdemeanor larceny, misdemeanor indecent exposure, possession of an open container, simple assault, theft, unlawful entry, and possession of a prohibited weapon (knife). He is currently charged with alien present without admission or parole.

    This law enforcement activity is part of President Donald Trump’s Make D.C. Safe and Beautiful Executive Order. The Executive Order directs a coordinated federal effort to reduce crime, enhance public safety, and restore pride in the nation’s capital through targeted enforcement, improved policing, and strategic partnerships. It also calls for the beautification of public spaces, stricter enforcement of quality-of-life laws, and the removal of graffiti and encampments on federal lands to ensure D.C. remains clean, secure, and reflective of America’s strength and heritage.

    Participating agencies include U.S. Immigration and Customs Enforcement; Virginia Department of Corrections; the Federal Bureau of Investigation, Washington Field Office; Bureau of Alcohol, Tobacco, Firearms and Explosives; Drug Enforcement Administration; U.S. Marshals Service; and U.S. State Department Diplomatic Security Service.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    All charges are merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law. 

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Marshall Man Charged with Drug and Gun Offenses

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

    JEFFERSON CITY, Mo. – A Marshall, Mo., man was indicted today with possession with intent to distribute methamphetamine, discharging a firearm in furtherance of a drug trafficking crime, and possessing firearms after a prior felony conviction.

    James Joseph Elsea, 62, was previously charged with being a felon in possession of a firearm in a criminal complaint filed in Jefferson City, Mo., on May 2, 2025. According to an affidavit filed in support of the complaint, Pettis County officers served a “no knock” state search warrant at Elsea’s residence on May 2, 2025. An officer was attempting to cut through a security bar on the door when four rounds were fired at the officers from within the residence. Pettis County communications subsequently received a 911 call from Elsea, who stated that he had just shot someone. Two Pettis County deputies were injured by shots fired during the search warrant.

    According to the affidavit, ATF agents responded to the scene and seized a Taurus model PT111 G2A (G2C), 9mm semi-automatic handgun, which was loaded with one round in the chamber and five rounds in the magazine. Agents also seized a Mossberg, model MC1SC, 9mm semi-automatic handgun. Elsea is a previously convicted felon and is prohibited from possessing a firearm under federal law.

    The charges contained in this indictment are simply accusations, and not evidence of guilt. Evidence supporting the charges must be presented to a federal trial jury, whose duty is to determine guilt or innocence.

    This case is being prosecuted by Assistant U.S. Attorney Lauren E. Kummerer. It was investigated by the Pettis County Sheriff’s Office, the Missouri State Highway Patrol, and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.

    Project Safe Neighborhoods

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

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Jefferson County men sentenced to federal prison for robbing neighborhood grocery store

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

    BEAUMONT, Texas – Two Beaumont men have been sentenced to federal prison for violations in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Johnaton Rechard Hite, 22, pleaded guilty to Hobbs Act robbery and brandishing a firearm during a crime of violence and was sentenced to 108 months in federal prison by U.S. District Judge Marcia A. Crone on May 13, 2025.  Cody Lane Wilson, 28, pleaded guilty to Hobbs Act robbery and was sentenced to 30 months in federal prison by Judge Crone on May 13th.

    According to court documents, on April 11, 2024, local law enforcement officers responded to a report of an armed robbery at the Kidd Grocery Store, located at 8608 Kidd Road, in Beaumont. Upon arrival, the store clerk reported that a man entered the store armed with an AR-15 style rifle and threatened to shoot him if he did not open the safe. The subject took approximately $1,340 in cash and fled the store.  Deputies reviewed surveillance footage of the robbery and observed the robber was a black male wearing a woman’s brown or black wig, a white hoodie jacket, dark pants, sunglasses, one white shoe and one black shoe.

    While responding to the robbery call, deputies observed a 2004 Honda Accord leaving the grocery store and conducted a traffic stop. The driver of the vehicle was identified as Wilson. Wilson was detained and gave consent to search his vehicle where deputies located wigs, one black shoe, and one white shoe.  Wilson told deputies that he and Hite planned to rob the grocery store with Wilson as the getaway driver while Hite robbed the store. However, Wilson got scared and fled the scene leaving Hite behind.

    While deputies were conducting their investigation with Wilson, dispatch received another call from a concerned citizen near the grocery store reporting someone was knocking on their door.  Deputies responded to the location and located Hite hiding on the porch of the caller’s residence.  Next to where Hite was hiding, deputies found $1,340 in cash.

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

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives and the Jefferson County Sheriff’s Office.  This case was prosecuted by Assistant U.S. Attorney Matthew Quinn.

    ###

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Port Arthur woman sentenced to federal prison for trafficking fentanyl

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

    BEAUMONT, Texas – A Port Arthur woman has been sentenced to federal prison for possessing fentanyl for distribution in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Kailynn Ina Hardy, 25, pleaded guilty to conspiracy to distribute and possess with intent to distribute fentanyl and was sentenced to 57 months in federal prison by U.S. District Judge Marcia A. Crone on May 13, 2025.

    According to information presented in court, in August 2023, law enforcement began investigating Hardy for suspicion of drug trafficking in Jefferson County.  During the investigation, officers were able to obtain fentanyl-laced pills which Hardy had distributed.  Hardy admitted to being involved in a drug trafficking conspiracy involving at least 400 grams of fentanyl.   

    This case was investigated by the U.S. Drug Enforcement Administration; Beaumont Police Department; Jefferson County Sheriff’s Office; Port Neches Police Department; FBI; Bureau of Alcohol, Tobacco, Firearms, and Explosives; and the Port Arthur Police Department.  This case was prosecuted by Assistant U.S. Attorneys Jonathan C. Lee and Matt Quinn.

    ###

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Security: Security News: Michigan Man Arrested and Charged with Attempting to Attack Military Base on Behalf of ISIS

    Source: United States Department of Justice 2

    A Melvindale man – and former member of the Michigan Army National Guard – was arrested today after he attempted to carry out a plan to conduct a mass-shooting at a U.S. military base in Warren, Michigan, on behalf of the Islamic State of Iraq and al-Sham (ISIS), a foreign terrorist organization.

    Ammar Abdulmajid-Mohamed Said, 19, is charged in a criminal complaint with attempting to provide material support to a foreign terrorist organization and distributing information related to a destructive device.

    “This defendant is charged with planning a deadly attack on a U.S. military base here at home for ISIS,” said Sue J. Bai, head of the Justice Department’s National Security Division. “Thanks to the tireless efforts of law enforcement, we foiled the attack before lives were lost. We will not hesitate to bring the full force of the Department to find and prosecute those who seek to harm our men and women in the military and to protect all Americans.”

    “ISIS is a brutal terrorist organization which seeks to kill Americans. Helping ISIS or any other terrorist organization prepare or carry out acts of violence is not only a reprehensible crime – it is a threat to our entire nation and way of life,” said U.S. Attorney Jerome F. Gorgon Jr. for the Eastern District of Michigan. “Our office will not tolerate such crimes or threats, and we will use the full weight of the law against anyone who engages in terrorism.”

    “The defendant allegedly tried to carry out an attack on a military facility in support of ISIS, which was disrupted thanks to the good work of the FBI and our partners,” said Assistant Director Donald M. Holstead of the FBI’s Counterterrorism Division. “The FBI is steadfast in our commitment to detect and stop terrorist plans aimed at the American homeland or at U.S. interests overseas.”

    “The arrest of this former soldier is a sobering reminder of the importance of our counterintelligence efforts to identify and disrupt those who would seek to harm our nation,” said Brig. Gen. Rhett R. Cox, the commanding general of Army Counterintelligence Command. “I commend the tireless work of our special agents and FBI partners who worked together to investigate and apprehend this individual. We will continue to collaborate with our partners to prevent similar incidents in the future. We urge all soldiers to remain vigilant and report any suspicious activity to their chain of command, as the safety and security of our Army and our nation depends on our collective efforts to prevent insider threats.”

    According to the complaint, Said informed two undercover law enforcement officers of a plan he had devised and formulated to conduct a mass-shooting at the U.S. Army’s Tank-Automotive & Armaments Command (TACOM) facility at the Detroit Arsenal in Warren, Michigan. In April 2025, the two undercover officers indicated they intended to carry out Said’s plan at the direction of ISIS. In response, Said provided material assistance to the attack plan, including providing armor-piercing ammunition and magazines for the attack, flying his drone over TACOM to conduct operational reconnaissance, training the undercover employees on firearms and the construction of Molotov cocktails for use during the attack, and planning numerous details of the attack including how to enter TACOM and which building to target.

    On May 13 – the scheduled day of the attack – Said was arrested after he traveled to an area near TACOM and launched his drone in support of the attack plan. He will make his initial court appearance today in the Eastern District of Michigan. The U.S. Attorney’s Office will be asking the court to hold Said in pretrial detention because of his danger to the community and the risk that he will flee.         

    Based on the charges in the complaint, Said faces a maximum penalty of 20 years in prison for each count if convicted.

    The FBI’s Joint Terrorism Task Force is investigating the case.

    Assistant U.S. Attorney Douglas Salzenstein for the Eastern District of Michigan and Trial Attorneys John Cella and Charles Kovats of the National Security Division’s Counterterrorism Section are prosecuting the case.

    A complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI: Bitget Wallet Showcases Real-World Utility as Platinum Sponsor of Blockchain Futurist Conference

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial Web3 wallet, will take the spotlight as a Platinum Sponsor at the Blockchain Futurist Conference, North America’s flagship crypto and blockchain event, taking place on 13 May 2025. With a full lineup of programming and community activations, Bitget Wallet’s presence signals continued investment in ecosystem development, real-world utility, and inclusive Web3 innovation.

    The event marks Bitget Wallet’s latest move in strengthening its North American footprint, bringing its growing product suite and ecosystem to one of the most influential stages in the industry. At 11:00 AM, Bitget COO Vugar Usi Zade took the stage for a featured session titled “Striking the Balance: UX vs Security in Crypto Exchanges”, where he will address one of the most critical challenges in crypto platform design.

    “Our goal is to make Web3 accessible and practical for everyday users,” said Alvin Kan, COO of Bitget Wallet. “Being part of this year’s conference is not just about visibility, but about connecting with builders and users shaping the future of crypto. Whether it’s through on-chain tools, ecosystem support, or real-world use cases. Bitget Wallet is committed to delivering real utility across the crypto experience.” The appearance follows the launch of “Shop with Crypto,” a new in-app marketplace that enables users to spend cryptocurrencies directly on goods and services within the wallet, including gaming, travel, gift cards and more.

    As part of its broader commitment to community-led change, Bitget Wallet’s global initiative Blockchain4Her also sponsored the ETHWomen Happy Hour, happening from 12:00 PM to 2:00 PM at the ETHWomen Stage & Gallery Room during the conference. Designed to foster authentic conversations and connections, the event offers a welcoming space for women in Web3 to network, share experiences, and build meaningful relationships. Attendees will receive limited-edition Blockchain4Her pins as part of a special charity activation — with Bitget Wallet donating $10 to a local women’s charity for every pin worn.

    Later that evening, Bitget Wallet hosted Bitget Mixer Night at the iconic Old Toronto Stock Exchange, one of the most anticipated side events of the crypto week. Set in a venue where traditional finance meets decentralized innovation, the exclusive mixer will bring together top minds in crypto for an evening of cocktails, canapés, and conversation. Guests will get a closer look at the latest developments from Bitget Wallet while enjoying a high-energy environment designed for discovery and networking.

    From the main stage to intimate side events, Bitget Wallet’s participation reflects a growing focus on community impact, utility-driven innovation, and inclusive growth across the Web3 ecosystem.

    About Bitget Wallet

    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6928899a-bd2d-4fec-8f64-aa390ffadbce

    The MIL Network –

    May 15, 2025
  • MIL-OSI: MicroAlgo Inc. Announces Research on Quantum Information Recursive Optimization (QIRO) Algorithm, for Combinatorial Optimization Problems to Expand and Solve New Ideas

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, May 14, 2025 (GLOBE NEWSWIRE) — MicroAlgo Inc. Announces Research on Quantum Information Recursive Optimization (QIRO) Algorithm, for Combinatorial Optimization Problems to Expand and Solve New Ideas

    Shenzhen, May. 14, 2025––MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the research of the Quantum Information Recursive Optimization (QIRO) algorithm, which aims to provide a new approach to combinatorial optimization problems by leveraging the power of quantum computing. The Quantum Information Recursive Optimization (QIRO) algorithm is an optimization algorithm based on quantum computers, designed to tackle complex combinatorial optimization problems. This algorithm combines the concepts of quantum computing and recursive algorithms, utilizing the parallel computing capabilities of quantum computers along with the properties of quantum state superposition and interference to rapidly find optimal or near-optimal solutions within the search space. Recursive algorithms solve problems by repeatedly breaking them down into similar subproblems, while quantum computing exploits the characteristics of qubits and quantum states to achieve exponential acceleration. The QIRO algorithm integrates these two approaches by recursively invoking the quantum optimization process, progressively reducing the problem size until the optimal solution is found.
    Problem Modeling: the first step involves modeling the combinatorial optimization problem by clearly defining the objective function, constraints, and candidate elements. This step forms the foundation of the algorithm and is a prerequisite for the subsequent stages.
    Quantum State Initialization: in a quantum computer, quantum states are initialized through quantum gate operations. Due to the superposition property of quantum states, the quantum computer can process multiple computational paths simultaneously, thereby enabling parallel computation.
    Recursive Invocation of the Quantum Optimization Process: the core of the QIRO algorithm lies in its recursive invocation of the quantum optimization process. In each recursion, the quantum state is evolved using quantum gate operations, leveraging quantum interference to search for the optimal solution within the search space. Depending on the problem’s size and complexity, the depth and number of recursive calls are set to ensure that the algorithm can find an optimal solution within a reasonable time frame.
    Measurement and Result Extraction: when the recursion reaches its boundary conditions, quantum measurement is performed to extract the optimal or near-optimal solution. The measurement collapses the quantum state into a definite state, from which the solution to the problem can be obtained.
    Result Verification and Optimization: the extracted solution is then verified and further optimized. By comparing the objective function values of different solutions, the optimal one is identified. Additionally, according to the actual needs of the problem, the solution can be further adjusted and refined to meet the problem’s specific constraints and objective function.
    The Quantum Information Recursive Optimization (QIRO) algorithm developed by MicroAlgo demonstrates significant technical advantages in solving combinatorial optimization problems. By fully leveraging the parallelism and interference principles of quantum computing, this algorithm achieves exponential improvements in computational efficiency, enabling it to handle large-scale and highly complex optimization problems in a short time. Compared to traditional algorithms, the QIRO algorithm possesses stronger global search capabilities, effectively avoiding local optima and instead identifying global or near-global optimal solutions. Moreover, the QIRO algorithm is highly flexible in design and can be tailored and optimized to meet the specific requirements of different problems, ensuring its effectiveness and accuracy across various application scenarios. At the same time, the algorithm exhibits a degree of robustness, allowing it to mitigate the impact of noise and errors on computational outcomes, thereby enhancing reliability and stability. These technical strengths position the QIRO algorithm as a powerful tool with broad application prospects and significant development potential in areas such as logistics and distribution, financial investment, artificial intelligence, and scientific research.
    In terms of practical applications, the QIRO algorithm has already shown wide-ranging potential. It holds great significance for real-world scenarios requiring combinatorial optimization, such as resource allocation and network planning. For instance, in the field of logistics and transportation, tasks like planning optimal delivery routes and allocating cargo resources often involve complex combinatorial optimization. The QIRO algorithm can assist enterprises in identifying more efficient and cost-effective solutions. Additionally, in graph theory-related problems—such as finding large independent sets—the deployment of the QIRO algorithm on neutral atom quantum processors can enable efficient search operations. This supports efforts to study graph structures and analyze network characteristics, further proving the algorithm’s practical value across different quantum computing platforms and its capacity to advance research in related academic fields.
    Looking ahead, MicroAlgo’s Quantum Information Recursive Optimization (QIRO) algorithm holds immense growth potential. As quantum technology continues to progress, the quality and accessibility of quantum resources will steadily improve, providing greater support for the QIRO algorithm to tackle even more complex and large-scale combinatorial optimization problems. Furthermore, the QIRO algorithm may serve as a model for the development of additional hybrid quantum-classical algorithms, expanding the scope of quantum computing applications across various industries. This could offer new hope for solving more challenging real-world optimization problems, making QIRO a vital technological force in future scientific and technological development and a key driver of progress across multiple domains.

    About MicroAlgo Inc.

    MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

    Forward-Looking Statements

    This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

    MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

    Contact

    MicroAlgo Inc.

    Investor Relations

    Email: ir@microalgor.com

    The MIL Network –

    May 15, 2025
  • MIL-OSI: Best Debt Relief Programs for 2025 to Help You Get Out of Debt in USA

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, May 14, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of financial solutions in the United States, is proud to introduce new and improved Debt Relief Programs for 2025 through its trusted brand, Viva Debt Help. As more Americans struggle with rising debt, limited savings, and high-interest payments, Viva Debt Help aims to simplify access to effective debt relief solutions. Whether you’re exploring debt consolidation options, need fast debt help, or want to learn if National Debt Relief is legit, this platform connects you with some of the best debt relief companies in the USA.

    Click Here to Get Debt Relief Help >>

    What Is a Debt Relief Program?

    A debt relief program helps reduce or eliminate unsecured debts like credit cards, personal loans, or medical bills. It may include debt consolidation, lower payments, or negotiating with creditors. These programs offer fast debt help if you’re struggling with high-interest debt and want to regain control in 2025.

    Click Here to Get Debt Relief Help >>

    Why Choose US Debt Relief in 2025?

    In 2025, many Americans are under serious financial stress from inflation, job loss, or sudden expenses. As the US national debt rises, so does personal and consumer debt. If you’re missing payments or your minimum payments aren’t helping, it’s time to explore trusted debt relief programs to get the debt help you need.

    Viva Debt Help – One of the Best Debt Relief Program in 2025

    Looking for fast, reliable debt help in the USA? Viva Debt Help is one of the best debt relief options working to match individuals with trusted debt specialists. Here’s why they stand out:

    Click Here to Get Debt Relief Help >>

    • Free online form takes just minutes
    • Get referred to FCA-approved debt solution providers
    • Custom plans including debt consolidation options, settlements, or relief orders
    • Potential to write off debt if eligible
    • No obligation to proceed

    Viva Debt Help doesn’t provide advice directly they connect you with legitimate advisors who are licensed to offer debt relief.

    Click Here to Get Debt Relief Help >>

    Is National Debt Relief Legit?

    Yes, it’s a real company. But it’s always wise to compare your options. Platforms like Viva Debt Help connect you with trusted advisors who review your debt and recommend the best debt relief program based on your needs.

    What Is Covered With a Debt Relief Program?

    Most debt relief programs cover unsecured debts these are debts not tied to any assets. Common examples include:

    • Credit card debt
    • Personal loans
    • Medical bills
    • Payday loans
    • Utility bills
    • Store cards

    Some programs may also help with debt consolidation options or negotiating lower payments.

    Name: Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: This announcement contains general information about Payday Ventures and its debt support services through Viva Debt Help. It is not intended to be financial advice. Services are available to U.S. residents only.

    The MIL Network –

    May 15, 2025
  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement on the Combined Third and Fourth Reviews of Bangladesh’s Extended Credit Facility, Extended Fund Facility, and Resilience and Sustainability Facility Arrangements

    Source: IMF – News in Russian

    May 14, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • IMF staff and the Bangladesh authorities have reached staff-level agreement on the policies needed to complete the combined third and fourth reviews of the authorities’ reform program supported by the IMF’s Extended Credit Facility, Extended Fund Facility, and Resilience and Sustainability Facility. The staff-level agreement is subject to approval by the IMF Executive Board, contingent on the completion of prior actions.
    • The Bangladeshi economy remains under pressure from ongoing challenges and rising external financing requirements. As announced in December 2024, the authorities have requested an augmentation of IMF support of about US$760 million to help preserve macroeconomic stability and enhance the country’s resilience to external shocks.
    • The authorities reiterated their commitment to the objectives of the reform program including fiscal reforms to address the emerging external financing gap, calibrating monetary policy to bring down inflation, and fully implementing exchange rate reforms to enhance flexibility. They have also pledged to foster a sound and competitive financial sector and are advancing their climate agenda to support sustainable, inclusive, and green growth.

    Washington, D.C.:  Following constructive discussions with Bangladesh authorities in Dhaka, continued engagement during the International Monetary Fund (IMF) and World Bank Spring Meetings in Washington, D.C., and subsequent virtual follow-up discussions, Mr. Papageorgiou, the IMF Mission Chief for Bangladesh, issued the following statement:

    “IMF staff and the Bangladesh authorities have reached a staff-level agreement on the policies needed to complete the combined third and fourth reviews under the Extended Credit Facility (ECF), Extended Fund Facility (EFF), and Resilience and Sustainability Facility (RSF). The staff-level agreement is subject to approval by the IMF Executive Board and is contingent on the completion of prior actions related to tax revenue mobilization and full implementation of exchange rate reforms.

    “Amid significant macroeconomic challenges, the authorities requested an augmentation of SDR 567.2 million (approximately US$762 million) in IMF financial support to Bangladesh under the ECF and EFF arrangements. This increase would bring the total financial assistance under the ECF and EFF arrangements to SDR 3,035.65 million (about US$4.1 billion), alongside concurrent RSF arrangements of SDR 1 billion (about US$1.3 billion). Upon completion of the combined third and fourth reviews, SDR 983.8 million (about US$1.3 billion) will be made available, comprising SDR 650.5 million (about US$874 million) under the ECF and EFF and SDR 333.3 million (about US$448 million) under the RSF.

    “Impacted by disruptions from the popular uprising, real GDP growth slowed to 3.3 percent year-on-year (y-o-y) in the first half of FY25; however, it is projected to rebound in the second half reaching 3.8 percent for the full fiscal year. Inflation, which has approached double digits, has begun to decline and is projected to be around 8 ½ percent (y-o-y) by end of FY25. Nonetheless, domestic factors such as stress in the banking sector and elevated global uncertainty tilt risks to the downside.

    “To address the emerging external financing gap and support a continued decline in inflation, near-term policy tightening is essential. Fiscal consolidation should focus on the prompt implementation of additional revenue measures—such as streamlining of tax exemptions—while containing non-essential expenditures. Alongside monetary tightening, enhanced exchange rate flexibility and reinforced foreign exchange reserve buffers will bolster the economy’s resilience to external shocks. In this regard, steadfast implementation of the new exchange rate regime will remain critical.

    “Bangladesh’s low tax-to-GDP ratio underscores the urgent need for tax reforms to build a fairer, more transparent, and simpler system while sustainably boosting revenues. Key priorities include streamlining exemptions, enhancing compliance, and delineating tax policy from administration. In parallel, a comprehensive approach is required to rein in subsidy expenditures in the electricity sector. Increased revenues will also provide more fiscal resources to support the most vulnerable. 

    “A carefully designed strategy for dealing with weak banks is essential to ensuring stability. Swift action is needed to operationalize new legal frameworks that facilitate orderly bank restructuring while safeguarding small depositors. Robust asset quality reviews for all large and systemic banks, bank restructuring aimed at forward-looking viability, strengthened risk-based supervision, and enhanced governance and transparency will be key to rebuilding trust and supporting the sector’s soundness. At the same time, institutional reforms to bolster the independence and governance of Bangladesh Bank will be essential for ensuring long-term macroeconomic and financial stability and for the effective implementation of broader financial sector reforms.

    “Strengthening governance and promoting greater transparency are essential to improving the business environment, attracting foreign direct investment, and broadening the export base beyond the ready-made garment sector.

    “Enhancing resilience to climate change is crucial for mitigating macroeconomic and fiscal risks. Investing in institutional capacity and improving the efficiency of public spending will support progress toward climate objectives. The government should prioritize climate-responsive fiscal reforms and channel investments into sustainable, climate-resilient infrastructure. In addition, effective management of climate-related risks will help safeguard financial sector stability.

    “The team thanks the authorities for the productive discussions and excellent collaboration.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/14/pr25145-bangladesh-imf-reaches-sla-on-combined-3rd-and-4th-reviews-ecf-eff-and-rsf-arrangements

    MIL OSI

    MIL OSI Russia News –

    May 15, 2025
  • MIL-OSI USA: Rep. Peters Calls out Republican Cuts to Clean Energy and Fossil Fuel Favoritism in Tax Plan

    Source: United States House of Representatives – Congressman Scott Peters (52nd District of California)

    [embedded content]

    Washington, D.C. – Today, during the Energy and Commerce Committee’s consideration of the Republican tax plan, which will kick 13.7 million people off their healthcare, Representative Scott Peters (CA-50) called out provisions that will make it easier to build polluting coal power plants and cut back on investments in clean energy technologies.

    Watch Rep. Peters’ opening statement against the Republican tax plan here.

    Speaking on the Republican plan, Rep. Peters said, “Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape. Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.”

     

    He continued, “Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds if not thousands of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?”

    And he concluded, “We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260. There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward. Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers.”

    CA-50 Medicaid Facts:

    • 156,100 people in the district rely on Medicaid for health coverage—that’s 20 percent of all district residents.
      • 34,700 children in the district are covered by Medicaid.
      • 17,700 seniors in the district are covered by Medicaid.
      • 64,900 adults in the district have Medicaid coverage through Medicaid expansion—that includes pregnant women who are able to access prenatal care sooner because of Medicaid expansion, parents, caretakers, veterans, people with substance use disorder and mental health treatment needs, and people with chronic conditions and disabilities.
    • At least five hospitals in the district had negative operating margins in 2022. These hospitals would be especially hard-hit by cuts to Medicaid. For example:
      • Scripps Mercy Hospital had a negative 25.3 percent operating margin—and nearly 22 percent of its revenue came from Medicaid.
      • Sharp Coronado Hospital had a negative 3.5 percent operating margin—and over 36 percent of its revenue came from Medicaid.
      • University of California San Diego Medical Center had a negative 2.4 percent operating margin—and nearly 19 percent of its revenue came from Medicaid.
    • There are 54 health center delivery sites in the district that serve 529,944 patients.
    • Those health centers and patients rely on Medicaid—statewide, 69 percent of health center patients rely on Medicaid for coverage.
    • Health centers will not be able to stay open and provide the same care that they do today, with more uninsured and underinsured patients. They are already operating on thin margins—in 2023, nationally, nearly half of health centers had negative operating margins.
    • Medicaid cuts put health centers at risk, including:
      • Family Health Centers of San Diego
      • Neighborhood Healthcare
      • North County Health Project
      • San Diego American Indian Health Centers
      • St. Vincent De Paul Village

    Read Rep. Peters full remarks below:

    Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape.

    Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.

    Why does this bill expedite permitting for natural gas pipelines – an undeniably important component of our energy system – while completely ignoring transmission lines, without which we would not be able to meet a single kilowatt of energy demand?

    Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds, if not thousands, of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?

    This entire Congress, my Republican colleagues have focused almost exclusively on our need to build baseload power to meet energy demand from data centers, manufacturing, and AI. 

    However, when they have an opportunity to ensure this baseload power can move from where it’s generated to where it will be used, my Republican colleagues have not only chosen to completely ignore the problem, but are rescinding funds to make it easier to build out the energy infrastructure we need to reduce costs and keep the lights on.

    We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260.

    There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward.

    Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers. 

    This bill, however, doesn’t come anywhere close to meeting the moment. It isn’t real permitting reform, it doesn’t make us energy dominant, and it only makes things more uncertain for industry, for Americans, and for our future.

    Instead of making it easier to build everything, once again we are cutting off our feet in the race to energy resilience. This is the definition of picking winners and losers. And this not the way we will achieve a resilient, energy-abundant future.

    ###

    MIL OSI USA News –

    May 15, 2025
  • MIL-OSI United Kingdom: Change needed at sheltered plus schemes say councillors

    Source: City of Canterbury

    Home  »  Latest News   »   Change needed at sheltered plus schemes say councillors

    Change is desperately needed at Canterbury City Council’s Sheltered Plus housing schemes to save it and its tenants money and boost the quality of people’s homes. 

    That the is the conclusion of councillors from all political parties who took part in the Older Persons’ Accommodation Working Group after carefully examining the evidence. 

    Its report will be discussed by the Overview Committee at its meeting on 22 May. 

    The working group’s report says: “Sheltered Plus was put in place in 2018 with a large financial subsidy from the Housing Revenue Account (HRA) and a guarantee that it would remain unaltered for two years. 

    “The council has honoured that commitment and more. Six years have passed and the environment in which the council’s housing operates has changed dramatically and the status quo is not financially sustainable.” 

    The HRA is the dedicated account the council uses to pay for council housing and which tenants pay their rent into. 

    The report goes on: “The buildings are ageing and require significant capital investment for repairs, maintenance and modernisation. 

    “Many are dated with limited space [for tenants], no Wi-Fi or electric vehicle charging points.  

    “Society has changed dramatically since the schemes were designed and they no longer meet the needs or aspirations of many of today’s over-60s, which is reflected in limited demand.   

    “However, housing need in general is increasing and the council must make the best use of its scarce supply of affordable homes for the benefit of local households of all ages that desperately need a home. 

    “This review has conducted extensive research and the findings are clear.   

    “The full cost of the Sheltered Plus service is unaffordable to many because key elements of the service, such as night reassurance cover and the laundry service do not qualify for Housing Benefit, as they are personal care and not related to the provision of accommodation.   

    “The unfunded costs have been met by the HRA, which is not what it is intended for and, with the other financial pressures on the HRA, the situation is unsustainable. 

    “If the council is to survive as a social landlord, this hole in the finances must be addressed and services must adapt to changes in society to ensure they remain relevant for current and future generations.” 

    The working group recommendations include: 

    • standardising the service in sheltered housing and Sheltered Plus to provide a consistent service across the whole sheltered housing portfolio including removing the laundry service and stopping the provision of night reassurance cover 
    • reducing the number of Independent Living Managers 
    • improving the support provided by the Lifeline service 
    • expanding provision, including telecare and telehealth 
    • installing modern CCTV equipment, monitored by the council’s Central Control room 

    In its report, the working group recognises the current Sheltered Plus arrangements give tenants and their families peace of mind and make them feel secure. 

    It wants to listen closely to their views and concerns so we can take these fully into account before a decision is taken. 

    The same applies to those council staff members that would be affected. 

    The working group is recommending a comprehensive 12-week consultation.  

    This will include personal one-to-one meetings with tenants and their families as well as gathering the views of the Resident Engagement Panel and Independent Living Forum which represent tenants and meetings with key stakeholders. 

    The working group says each tenant would need a personalised support plan if the transition were to go ahead so residents are able to be carefully helped into the new arrangements. 

    The current Sheltered Plus service is unique and not found anywhere else in Kent.  

    It is provided at 127 properties across four schemes: 

    • Lang Court in Whitstable  
    • Cranmer House in Canterbury  
    • Collard House in Canterbury  
    • Whitgift Court in Canterbury  

    The service was designed through consultation with tenants and their families after Kent County Council withdrew its Supporting People Grant in March 2018. 

    They voted to keep and pay for services beyond standard sheltered housing including: 

    • an on-site, non-residential Independent Living Manager during weekday office hours 
    • a supported laundry service during weekdays because the kitchens of individual flats are too small to install a domestic washing machine, and tenants sometimes find the controls of the commercial-style machines in the communal laundry too heavy to operate 
    • on-call night reassurance service, seven nights a week, in case of emergency 
    • signposting to taking up activities, training, work or engaging with the community   
    • advice about accessing health care and social care.   

    At Whitgift Court and Lang Court there is a dedicated member of staff, whereas Collard House and Cranmer House share a member of staff and pay commensurately less.  

    The night reassurance service does not provide a hands-on response in an emergency but contacts the relevant service or family member.  

    The full cost of the Sheltered Plus service is too expensive for most tenants and a commitment was given by the council to subsidise the service for two years before it was reviewed, with the deficit underwritten by the HRA. 

    Both sheltered housing and Sheltered Plus are supported by the council’s Lifeline service which enables tenants to raise an alarm in an emergency. 

    The Overview Committee will meet at the Guildhall, St Peter’s Place, at 7pm on Thursday 22 May. 

    You can view the agenda and the working group’s full report here. 

    Published: 14 May 2025

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI United Kingdom: Win a free wedding package with Go CV for Valentine’s Day 2026!

    Source: City of Coventry

    Coventry couples planning or thinking about marriage, can have the chance of winning a wedding package with Go CV, to take place on Valentine’s Day.

    The fantastic prize, worth over £5,000, includes a marriage ceremony hosted in the Black Prince Room at Cheylesmore Manor House (Coventry Register Office), a wedding reception venue at Drapers’ Hall including buffet, dining set-up and service staff, plus overnight accommodation in a Junior Suite at the Telegraph Hotel with breakfast.

    The lucky winners will also have flower bouquets provided by Isabel’s Flower Studio, photographs by UR Rosa Photography, precious moments you could share on social media by Electric Joy Moments Content Creator and Brody Swain as Wedding Toastmaster at the ceremony and reception.

    To have the chance of winning this amazing prize, complete the form on the Go CV website and tell us in no more than 300 words why you deserve to win.  Entrants for this wonderful prize need to be a Coventry resident and also hold a fully validated Go CV card.

    Councillor Kamran Caan, Cabinet Member, Public Health, Sport and Wellbeing, said:

    “Being a Go CV cardholder brings many benefits to our city residents so if you are already a member, check out to see how you can enter. If you’re not already a member, then I’d encourage you to sign up and get the chance to enter the competition.”

    “I’m sure there are Coventry couples out there who would love the opportunity to win this prize, especially as for many people, the costs involved in having a wedding or ceremony are a challenge.

    “It’s really important that we continue to promote through Go CV the amazing cultural venues and attractions we have in the city. Through the funding we’ve attracted, this is a really exciting and creative way to raise the profile of the city’s cultural assets and, of course, provide a brilliant opportunity for a Coventry couple.

    “Good luck to all entrants and I look forward to hearing more about the lucky couple.”

    Full details on what the package includes, how to apply, terms and conditions and lots more information with details about the  partners’ offers included in the prize, are available at go-cv.co.uk/winawedding .

    Deadline for entries are 23.59, on Sunday 15 June 2025.   Winners will be notified by the end of June and must consent to publicity of their special day.

    Published: Wednesday, 14th May 2025

    MIL OSI United Kingdom –

    May 15, 2025
  • MIL-OSI Security: Corner Brook — RCMP NL congratulates Superintendent David Cook on his well-deserved retirement after 43 years of service

    Source: Royal Canadian Mounted Police

    Today, on his last day of work, RCMP NL congratulates Superintendent (Supt.) David Cook on his well-deserved retirement! With more than 43 years of service, Supt. Cook is one of the longest-serving RCMP officers to retire in Newfoundland and Labrador.

    Supt. Cook has had an amazing career with the RCMP and spent much of his service in various policing roles in Alberta. Born and raised in Ottawa, he began his career in 1982 as a Constable in Westlock, Alberta. After serving in a number of locations across the province, he left Alberta as a Staff Sergeant in 2011. He then transferred to Ottawa where he was in charge of the Emergency Management Unit.

    In 2014, he was commissioned to the rank of Inspector and served in Regina Saskatchewan. He was responsible for the National Law Enforcement Training Program at Depot, the RCMP’s Training Academy.

    In 2017, Supt. Cook was promoted to his current rank. He was transferred to Corner Brook, Newfoundland and Labrador and since then, he has worked as the District Policing Officer for Western Newfoundland and Labrador.

    Over the course of 43 years, Supt. Cook has likely seen and heard it all, and we are sure his experiences would make for some interesting stories. He says he’ll remember his time with the RCMP in Newfoundland and Labrador fondly.

    “What I enjoyed most are the people and how friendly and welcoming I’ve found Newfoundland and Labrador. My wife Beth and I have been fortunate to make great friendships here and plan to stay where we are,” says Supt. Cook. “At work, I’m proud of all our employees and know the commitment and dedication that they bring to serving our communities. I’ll miss seeing that in action but know that it will continue every day.”

    RCMP NL wishes Supt. Cook a retirement full of health and happiness. Thank you for your service, Sir!

    MIL Security OSI –

    May 15, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Discussions on Common Policies of Member Countries of the West African Economic and Monetary Union

    Source: IMF – News in Russian

    May 6, 2025

    • Economic growth continues to be strong in the WAEMU. Inflation has fallen back to its target range, and recent improvements in regional external imbalances are supporting a strong recovery in reserves.
    • The Council of Ministers has agreed to submit for approval by Heads of State a proposal by the WAEMU Commission for a revised Convergence Pact maintaining the previous fiscal deficit and public debt ceilings of 3 and 70 percent of GDP, respectively.
    • Rapid adoption of this pact would signal a stronger commitment to debt sustainability and help guide sound fiscal policies. The WAEMU’s institutions should also continue to promote regional integration.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the annual discussions on common policies of member countries of the West African Economic and Monetary Union (WAEMU)[1]. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Economic growth continues to be strong in the WAEMU, with heterogeneity across countries, while inflation has fallen. Economic growth rose above 6 percent in 2024, near the average of the past decade, although gaps in per capita income among member countries have continued to widen due to significant variations in economic growth. After rising above target for much 2024, inflation has also fallen back within its target range since November 2024, due to easing regional food price inflation and an appropriately tight monetary policy. The banking system remains resilient, although it maintains large exposures to regional sovereigns.

    Recent progress in reducing the WAEMU’s external imbalances, albeit with notable divergence among members, is supporting a strong recovery in reserves. After widening in 2021-2023, the WAEMU’s current account deficit narrowed significantly in 2024. The Central Bank of West African States’ (BCEAO) response to external reserves pressures has also been broadly appropriate, by tightening monetary policy via raising rates and containing the quantities of liquidity injected into the regional banking system. Reserves rebounded in late 2024 and early 2025, and are back above minimum adequate levels due mainly to windfall revenues from the annual cocoa harvest, high commodity prices, several IMF disbursements, and exports of new hydrocarbon resources in Niger and Senegal. The WAEMU’s external position is assessed to have been moderately weaker than fundamentals and desirable policy settings in 2024.

    Public debt ratios have increased significantly and heterogeneously in recent years due to large fiscal deficits and stock-flow adjustments. Ongoing progress in union-wide fiscal consolidation is welcome, although it is proceeding at a slower pace than anticipated mainly because of large data revisions in Senegal. Public debt continued to increase in 2024 beyond the level projected during the previous discussions on common policies, with considerable variation across the WAEMU (and particularly high debt in Senegal). Higher debt issuances are leading to heavier reliance on financing on the regional market, which has limited absorptive capacity and relatively high costs, and could pose a risk to external reserves.

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed that the WAEMU is benefitting from strong growth, inflation within the target range, and progress in reducing fiscal and external imbalances, while also noting the significant divergence within the region. Highlighting that the region remains vulnerable to a wide range of shocks, Directors stressed the importance of prudent policies to ensure macroeconomic and financial stability and structural reforms to foster inclusive growth. They looked forward to the Fund’s continued support through tailored policy advice and financial and capacity development assistance.

    Directors stressed the importance of a commitment to debt sustainability, grounded in progress towards fiscal consolidation, measures to contain debt‑creating stock‑flow adjustments, and close monitoring of regional financing capacity. In that context, they commended the proposed reintroduction of the WAEMU Convergence Pact with the previous fiscal deficit and debt ceilings and called for its rapid adoption with a well‑designed escape clause, a correction mechanism, and credible enforcement. Fiscal adjustment should be driven by revenue mobilization to protect priority spending. Directors also stressed the importance of transparent and accurate reporting of fiscal data and enhanced debt transparency.

    Directors welcomed BCEAO’s tight monetary stance which helped bring inflation back to the target range and support reserves. Directors agreed that monetary policy should continue to be closely calibrated to external buffers and inflation developments, and that a cautious stance remains appropriate until there is a sustained recovery in reserve adequacy.

    Directors welcomed the resilience of the financial system but noted that the sovereign‑bank nexus continues to pose risks to financial stability. They encouraged the introduction of macroprudential regulatory measures to help restrain sovereign exposures, and capital surcharges to manage concentration risk. Directors stressed the importance of closely monitoring bank soundness indicators, addressing the remaining FSAP recommendations to strengthen financial stability and deepening, and taking the necessary additional steps to facilitate the removal of WAEMU members currently on the FATF grey list.

    Directors agreed that prosperity in the WAEMU will depend on progress on political cohesion, economic integration, and strengthening the regional institutional framework and infrastructure. A planned stabilization fund to support members impacted by idiosyncratic shocks could demonstrate regional solidarity, but contingent liability risks through leveraging should be avoided. Directors welcomed progress on the new fast payment system, which would promote efficiency, inclusion, and regional integration. Policies to diversify the economy and strengthen resilience would also be important.

    The views expressed by Executive Directors today will form part of the Article IV consultations with individual member‑countries that take place until the next Board discussion of WAEMU common policies. It is expected that the next regional discussions with the WAEMU authorities will be held on the standard 12‑month cycle.

    Table 1. WAEMU: Selected Economic and Social Indicators, 2021–29

       
                               

    Social Indicators

     
     
                               

    GDP

         

    Poverty (2021, latest available)

               

    Nominal GDP (2024, millions of US Dollars)

    219,784

       

    Headcount ratio at $1.90 a day (2011 PPP, percent of population)

    23.1

       

    GDP per capita (2024, US Dollars)

    1,447

       

    Undernourishment (percent of population)

       

    12.5

       
                               

    Population characteristics

         

    Inequality (2021, latest available)

               

    Total (2023, millions)

    145.3

       

    Income share held by highest 10 percent of population

     

    28.4

       

    Urban population (2023, percent of total)

    40.6

       

    Income share held by lowest 20 percent of population

     

    7.7

       

    Life expectancy at birth (2022, years)

    61.1

     

    Gini index

             

    35.4

       
                               
                               

    Economic Indicators

         
               
                       
     

    2021

    2022

     

    2023

    2024

    2025

    2026

    2027

    2028

    2029

       

     

     

     

    Act.

    SM/24/90. 1

    Est.

    Projected

     

     

     

       
                               
     

    (Annual Percentage Change)

         

    National income and prices

                             

      GDP at constant prices 2

    6.2

    5.9

     

    5.3

    6.8

    6.3

    6.4

    5.8

    5.9

    6.0

    5.9

       

      GDP per capita at constant prices

    3.2

    2.9

     

    2.4

    3.8

    3.3

    3.4

    2.8

    2.9

    3.0

    2.9

       

      Consumer prices (average)

    3.6

    7.6

    3.7

    3.2

    3.5

    2.9

    2.3

    2.0

    2.0

    2.0

     

      Terms of trade

    -6.3

    -12.3

    7.9

    4.2

    12.4

    9.3

    3.6

    -1.3

    -1.0

    -0.7

     

      Nominal effective exchange rate

    1.2

    -2.3

     

    6.3

    3.5

    …

    …

    …

    …

    …

    …

       

      Real effective exchange rate

    1.5

    -3.6

     

    3.9

    3.0

    …

    …

    …

    …

    …

    …

       
                               
     

    (Percent of GDP)

         

    National accounts

                             

      Gross national savings

    20.4

    18.8

     

    18.8

    22.4

    20.8

    21.7

    23.1

    23.2

    23.4

    23.8

       

      Gross domestic investment

    26.5

    28.8

     

    28.7

    27.5

    26.9

    26.2

    26.3

    26.7

    27.3

    27.7

       

          Of which: public investment

    6.8

    7.8

     

    7.7

    8.8

    6.8

    6.7

    7.2

    7.5

    7.8

    8.2

       
                               
     

    (Annual changes in percent of beginning-of-period broad money)

    Money and credit

                         

       Net foreign assets

    1.7

    -7.9

     

    -7.2

    0.5

    6.1

    2.7

    2.1

    3.2

    3.2

    2.2

       Net domestic assets

    16.9

    20.7

     

    10.0

    12.6

    3.4

    9.9

    10.3

    9.9

    9.7

    10.2

       Broad money

    18.0

    11.4

     

    3.5

    12.4

    8.9

    11.4

    12.4

    12.8

    12.6

    12.1

    Credit to the economy

    8.1

    9.0

     

    6.8

    6.7

    2.7

    7.2

    7.0

    6.6

    6.5

    6.3

                           
     

    (Percent of GDP, unless otherwise indicated)

    Government financial operations

                         

      Government total revenue, excl. grants

    16.1

    15.8

     

    16.5

    17.3

    16.6

    17.3

    17.7

    18.2

    18.5

    18.8

      Government expenditure

    23.9

    24.7

     

    23.8

    22.6

    22.4

    22.0

    21.8

    21.9

    22.2

    22.5

      Overall fiscal balance, excl. grants

    -7.8

    -9.0

     

    -7.3

    -5.3

    -5.8

    -4.6

    -4.1

    -3.7

    -3.7

    -3.7

      Overall fiscal balance, incl. grants

    -6.3

    -7.8

     

    -6.3

    -4.2

    -5.2

    -3.8

    -3.3

    -3.0

    -3.0

    -3.0

                           

    External sector

     

      Exports of goods and services 3

    20.0

    19.6

     

    17.7

    21.4

    18.8

    21.3

    21.8

    21.4

    20.9

    20.7

      Imports of goods and services 3

    25.9

    29.7

     

    27.5

    26.5

    24.6

    24.4

    23.8

    23.4

    23.3

    23.2

      Current account, excl. grants

    -6.6

    -10.7

     

    -10.2

    -5.4

    -6.5

    -4.9

    -3.5

    -3.7

    -4.1

    -4.1

      Current account, incl. grants

    -5.9

    -9.8

     

    -9.5

    -4.8

    -6.1

    -4.5

    -3.3

    -3.5

    -3.9

    -3.8

      External public debt

    36.3

    37.0

     

    38.9

    36.1

    39.9

    37.8

    36.6

    35.5

    33.8

    32.6

      Total public debt

    58.5

    61.5

     

    64.0

    59.6

    65.0

    63.4

    61.9

    60.4

    58.8

    57.5

                           

    Broad money

    40.7

    40.8

     

    39.1

    40.6

    38.8

    39.4

    41.0

    42.8

    44.6

    46.3

                           
                             

     

    Memorandum items:

                           

       Nominal GDP (billions of CFA francs)

        100,963

    112,343

     

    121,414

    131,429

    133,227

    145,965

    157,833

    170,313

    183,993

    198,973

     

       Nominal GDP per capita (US dollars)

    1,308

    1,259

     

    1,356

    1,436

    1,446

    1,508

    1,588

    1,663

    1,744

    1,831

     

       CFA franc per US dollars, average

    554.2

    622.4

     

    606.5

    606.2

    …

    …

    …

    …

    …

    …

     

    Gross international reserves

                           

     In months of next year’s imports (of goods and services)

    5.0

    4.1

     

    3.5

    3.5

    4.6

    4.7

    4.8

    4.9

    5.1

    5.2

     

     In percent of current GDP

    13.9

    10.1

     

    7.8

    8.2

    10.1

    10.0

    10.1

    10.3

    10.6

    10.7

     

     In percent of the BCEAO’s sight liabilities

    79.7

    63.8

     

    56.9

    58.1

    66.9

    67.1

    66.5

    66.0

    66.2

    66.0

     

     In millions of US dollars

    24,172

    18,398

     

    15,764

    17,872

    21,593

    24,165

    26,254

    28,967

    32,156

    35,185

     

      Sources:  IMF, African Department database; World Economic Outlook; World Bank World Development Indicators; IMF staff

    estimates and projections.

     

      All projections presented were prepared in April 2025.

                                             

    1 Shows data from the IMF Country Report 24/90 issued on March 1, 2024.

                             

    2 The acceleration in GDP growth in 2024 is due to the start of production of large hydrocarbon projects in Niger and Senegal.

                             

    3 Excluding intraregional trade.

                                             
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/05/06/pr25130-imf-executive-board-concludes-2025-discussions-common-policies-member-countries-waemu

    MIL OSI

    MIL OSI Russia News –

    May 15, 2025
  • MIL-OSI: Heads up! Alectra reminds residents to stay safe around powerlines

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) — Powerline Safety Week is here, and Alectra Utilities is urging the public to be extra cautious around powerlines, whether working on job sites or tackling spring projects at home.

    According to the Electrical Safety Authority, more than 40 per cent of Ontarians mistakenly believe that direct contact is required to get a shock or burn from a powerline. However, electricity can arc from the line to any object that comes within three metres, such as a ladder, branch or tool, and cause serious injury or death.

    “Powerline Safety Week is an important time to remind everyone about the serious and frequently misunderstood risks that powerlines present,” said Patience Cathcart, Director of Data Science and Public Safety Officer, Electrical Safety Authority. “Public safety is one of our highest priorities. By working together to raise awareness, we can help reduce the risk of accidents and protect lives.”

    “Ensuring the safety of Alectra employees, customers and the public remains our top priority,” said Chris Hudson, Senior Vice President, Network Operations at Alectra Utilities. “Together, we can ensure an electrically safe and secure community for all.”

    Every year, injuries and even fatalities occur when people inadvertently come into contact with overhead, often during routine activities like landscaping, digging, or operating equipment under overhead powerlines.

    Here are six essential safety tips to always follow:

    1. Look up and look out: Always maintain awareness of overhead powerlines when engaging in outdoor activities. Identify all powerlines, including those obscured by foliage, near residential and work areas.
    2. Stay back 3 meters from overhead powerlines: You do not have to touch a powerline to get a deadly shock. Electricity can jump or “arc” to you or your tools if you get too close. Always keep a 3-metre gap between you, your tools and powerlines.
    3. Stay 10 metres from a downed powerline: There is no way of knowing if a powerline is live just by looking at it. Wires do not have to spark to indicate they are live. Always assume a downed powerline is energized and dangerous. Call 9-1-1 and the local utility immediately and ensure everyone stays at least 10 metres back—about the length of a school bus—from fallen powerlines.
    4. Call before you dig: Prioritize safety by contacting Ontario One Call at 1-800-400-2255 before initiating any excavation or construction project, ensuring the detection of underground utilities, including powerlines. The locate will only identify utility owned underground line. Customer owned underground lines will require a private locate.
    5. Be mindful of equipment: Avoid flying kites, drones, or other objects near powerlines, as even non-metallic items can conduct electricity, posing severe risks.
    6. Talk to your kids about powerline safety: Help children find safe places to play, away from utility poles and powerlines. Remind children never to climb trees near powerlines, since leaves and branches can hide the wires.

    For more information about powerline safety, visit: Powerline Safety | Alectra Utilities.

    About Alectra Utilities

    Serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area, Alectra Utilities is now the largest municipally-owned electric utility in Canada, based on the total number of customers served. We contribute to the economic growth and vibrancy of the 17 communities we serve by investing in essential energy infrastructure, delivering a safe and reliable supply of electricity, and providing innovative energy solutions. Our mission is to be an energy ally, helping our customers and the communities we serve to discover the possibilities of tomorrow’s energy future.

    X: https://x.com/alectranews
    Facebook: https://www.facebook.com/alectranews/
    Instagram: https://www.instagram.com/alectranews/?hl=en
    LinkedIn: https://www.linkedin.com/company/16178435/admin/
    Bluesky: https://bsky.app/profile/alectranews.bsky.social
    YouTube: https://www.youtube.com/alectranews

    Media Contact

    Ashley Trgachef, Media Spokesperson | Email: ashley.trgachef@alectrautilities.com | Telephone: 416.402.5469 | 24/7 Media Line: 1-833-MEDIA-LN

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ff1df77-3979-4d30-9568-6392cda7596f

    The MIL Network –

    May 15, 2025
  • MIL-OSI: Hola Prime and Pro Basketball Player Karl-Anthony Towns Team up for ‘Speed is Success’ Campaign, Redefining Prop Trading

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, May 14, 2025 (GLOBE NEWSWIRE) —  Hola Prime, a leading global proprietary trading firm, is proud to announce Basketball Champion, Karl Anthony Towns as its first-ever brand ambassador. This partnership marks a significant moment in Hola Prime’s journey, highlighting its commitment to reshaping modern prop trading around what truly matters – speed, performance, discipline, and fairness.

    The announcement coincides with the launch of Hola Prime’s new brand campaign, ‘Speed is Success’, produced by one of the top agencies. The campaign draws a compelling parallel between elite sports and trading – in both, speed is not just an advantage, but the edge. The cinematic film captures how success depends on reacting swiftly, thinking clearly under pressure, and executing with discipline, whether on the court or in the market.

    “At Hola Prime, we have always believed that trading, at its core, is a performance profession,” said Somesh Kapuria, Founder and CEO of Hola Prime. “It’s not about luck or shortcuts. It’s about building skill, managing risk, staying calm under pressure, and performing when it matters most. Karl-Anthony Towns personifies these values. His career reflects what we encourage in our traders – consistency, resilience, and the courage to keep improving every day. And Hola Prime compliments their skills with a fair and transparent trading environment, and super fast payouts.” Explaining his decision to collaborate with Hola Prime, Karl-Anthony Towns said, “What drew me to Hola Prime is how they’re flipping the script – not just in finance, but in how people see trading,” said Karl-Anthony Towns. “As a pro athlete, I know what it means to bet on yourself, and that’s exactly what Hola Prime is about, so I’m happy to be their first ambassador and to help bring that mindset to the next generation.”

    Hola Prime’s decision to collaborate with an elite athlete reflects its belief that trading, like sports, rewards those who move fast, think fast, and execute fast. It’s a natural extension of its trader-centric approach – creating a platform where individuals thrive through speed, strategy, and discipline.

    With innovations like transparent pricing, under-one-hour payouts, one-on-one mentorship, and clear trading rules, Hola Prime is redefining trading speed from execution to earnings. The ‘Speed is Success’ campaign champions a new era of fair, fast, and performance-driven trading – empowering individuals to thrive through agility, skill, and accountability.

    The partnership with Towns positions Hola Prime as a standout in a saturated market – more than just a platform, it is a movement. With the star power of a professional basketball giant and the soul of a fintech disruptor, Hola Prime is redefining what trading looks like in 2025 and beyond.

    Watch the full video here: https://youtu.be/yE0Mj3BIBhc?si=ie_IEyAYMRbh471N

    About Hola Prime

    Hola Prime is a global proprietary trading firm with offices in the UK, Hong Kong, Cyprus, Dubai, and India. It supports a diverse community of traders across 175+ countries, offering access to over 150 financial instruments across multiple trading platforms. The firm is known for its structured approach to risk management, transparency, and trader-centric operations. Learn more at holaprime.com.

    Social Links

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    X: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network –

    May 15, 2025
  • MIL-OSI: Transactix Launches New Era in Canadian Payments

    Source: GlobeNewswire (MIL-OSI)

    Toronto, Ontario, Canada – Consensus, May 14, 2025 (GLOBE NEWSWIRE) — Transactix Financial Inc. today introduced a secure, unified payments platform that frees Canadians from the exorbitant fees and inefficiencies that impact the country’s financial well-being. 

    Its Open Value Network™ (“OVN”) is engineered to facilitate the immediate and seamless transfer and conversion of digital value – whether in tokens, points, credits, stablecoins, cryptocurrencies, or fiat currency – at a fraction of the cost Canadians have had to pay.

    “Moving value should be as cheap and effortless as sending a text message,” said Abou Daya, CEO of Calgary-based Transactix. “But Canadians continue to bear costs for transferring funds that are more comparable to snail mail or shipping a parcel than sending an email. This is an outdated paradigm that OVN will disrupt.” 

    Similarity in the price of financial transfers and physical mail delivery in Canada stems from legacy infrastructure, regulatory overhead, and the dominance of a few large financial institutions. These factors have kept costs high, even as digital technology has made near-instant, low-cost communication commonplace. In contrast, the OVN leverages modern, patented technology to eliminate these inefficiencies, making value transfer as inexpensive and immediate as digital messaging.

    A Platform for Growth, Security, and Innovation

    “The launch of the Open Value Network is a testament to Canadian innovation and leadership in blockchain technology,” said Koleya Karringten, Executive Director of the Canada Blockchain Consortium. “By enabling secure, immediate, and low-cost value transfers across a wide range of digital assets, OVN has the potential to empower consumers, drive fintech growth, and strengthen Canada’s economic sovereignty in the rapidly evolving global digital economy.”

    Transactix’s OVN is more than a payment network. It is a secure, developer-friendly ecosystem that:

    • Enables fintechs to build on a cohesive, blockchain native infrastructure, complementing existing legacy payment rails.
    • Empowers consumers and businesses with new, globally competitive services.
    • Advocates for regulatory modernization to foster innovation, reduce costs, and protect Canadian interests amid rising tariffs and global competition.
    • Illustrates to policymakers and regulators on how novel technologies can lower costs and strengthen Canada’s economic resilience.

    National Security and Economic Sovereignty

    The stability of Canada’s economy and the integrity of its currency are inseparable from national security. The rapid proliferation of stablecoins and cryptocurrencies, many issued by foreign entities, presents both opportunities and challenges for Canadian sovereignty and economic governance. As the world accelerates toward digital currencies, the United States is positioning itself as a global leader. Canada must keep pace with a robust digital currency strategy to safeguard its interests and ensure that Canadian businesses and consumers have access to homegrown digital assets.

    About Transactix

    Transactix is enabling individuals and companies to exchange money, cryptocurrencies, loyalty rewards, credits, and more — instantly, securely, for less than the price of a text message — with its revolutionary Open Value Network™ and Stablecoin-as-a-Service offerings. It is establishing a new benchmark for speed, affordability, accessibility with compliance in the digital economy powered by a proven infrastructure already processing over $100 billion (US) in transactions. www.transactix.ca

    For more information about the OVN launch and Ali Abou Daya’s presentation “Moving Value Cheaper Than Text”, visit the Consensus 2025 Toronto agenda.

    Media Kit:
    https://drive.google.com/drive/folders/18B4IACAtyW_-ktNyTxkDSTQvfqjfFXej?usp=drive_link

    The MIL Network –

    May 15, 2025
  • MIL-OSI Economics: Joint study explores feasibility of central bank operations using tokenisation and smart contracts

    Source: Bank for International Settlements

    The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) today published a joint research study that explored if and how central banks could continue to implement monetary policy operations in hypothetical tokenised wholesale financial markets.    

    Project Pine, from the New York Innovation Center at the New York Fed and the Swiss Centre of the BIS Innovation Hub found that central banks could customise and deploy policy implementation tools using programmable smart contracts in a potential future state where commercial banks and other private sector financial institutions have widely adopted tokenisation for wholesale payments and securities settlement.

    The project generated the prototype of a generic monetary policy implementation tokenised toolkit for potential further research and development by central banks across jurisdictions and currencies. The prototype was designed to be technically modifiable for different central banks’ monetary policy frameworks and calibrated to conduct standard or emergency market operations.

    The toolkit prototype was created in consultation with central banks’ financial markets advisors from multiple jurisdictions, who helped outline the project scope and specific design requirements. It is not particular to any currency or jurisdiction. It can fulfil a common set of central bank implementation requirements, including paying interest on reserves, open market operations, and collateral management.

    The toolkit was tested against ten hypothetical scenarios simulating normal market dynamics and stress events. Each scenario was designed using historical data inputs on past market events, such as interest rate tightening and easing cycles, quantitative easing and tightening cycles, and periods of strained market liquidity or broader market disruptions. 

    The prototype successfully responded and instantaneously carried out the intended operation under the varying market conditions, consistent with the central bank’s desired liquidity environment. Project Pine’s findings highlighted areas for further research and analysis related to interoperability and data standardisation. Project Pine aims to contribute to a broad and transparent public dialogue regarding potential applications of new technologies in the financial sector.

    BIS Innovation Hub projects are experimental in nature and aim to explore and deliver public goods to the global central banking community. Project Pine was limited to research and experimentation and should not be interpreted to reflect any policies, directives, or views of the Federal Reserve Bank of New York or the Federal Reserve System.

    About the New York Innovation Center

    The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York bridges the worlds of finance, technology, and innovation. Established in 2021 in partnership with the Bank for International Settlements Innovation Hub, the NYIC generates insights into high-value central bank-related opportunities through research, analysis, and technical experimentation to drive advancements in central banking and enhance the functioning of the global financial system.

    About the BIS Innovation Hub

    The BIS Innovation Hub aims to foster international collaboration on innovative financial technology within the central banking community. It identifies and develops in-depth insights into critical trends in technology affecting central banking, develops public goods for improving the functioning of the global financial system, and serves as a focal point for a network of central bank innovation experts. 

    MIL OSI Economics –

    May 15, 2025
  • MIL-OSI USA: LEADER JEFFRIES: “THIS REALLY IS A MATTER OF LIFE AND DEATH AND IT’S ALL BEING DONE TO TRY TO ENACT MASSIVE TAX CUTS FOR MAGA BILLIONAIRE DONORS”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries appeared on MSNBC’s Morning Joe where he emphasized that Democrats will continue pushing back against the reckless Republican scheme to rip healthcare and nutritional assistance away from the American people. 

    MIKA BRZEZINSKI: This morning, the House Energy and Commerce Committee continues its marathon session on proposed Medicaid cuts that will be included in the Republican Party’s sweeping domestic policy bill. Let’s bring in House Minority Leader, Democratic Congressman Hakeem Jeffries of New York. It’s good to have you on sir. Tell us about those cuts. How will Americans be feeling them?

    LEADER JEFFRIES: Well, good morning. House Democrats are working hard through the night, both on the Energy and Commerce Committee and the Ways and Means Committee, to push back against this GOP Tax Scam, where they are trying to enact the largest Medicaid cut in American history north of $700 billion. And independent observers have confirmed that if the Republicans are successful in passing this GOP Tax Scam, then approximately 14 million people will actually lose their health coverage. Hospitals will close. Nursing homes will shut down. This really is a matter of life and death, and it’s all being done to try to enact massive tax cuts for MAGA billionaire donors like Elon Musk. It’s shameful.

    WILLIE GEIST: Leader Jeffries, I’m also looking deep into this bill at proposed cuts to SNAP. That’s food assistance for people across the country—red states, blue states, white, Black, Latino, you name it. $300 billion cuts proposed. What would be the impact of that?

    LEADER JEFFRIES: Republicans are literally ripping food out of the mouths of children and seniors and veterans. About 20% of households that have veterans living in them right now rely upon SNAP. And in addition to trying to jam this massive cut to healthcare down the throats of the American people, this would be the largest cut to nutritional assistance in the history of the United States of America. And so Republicans are really pushing an extreme agenda at this point in time, directed by Donald Trump. And unfortunately, what we’ve seen is that Republicans in the Congress continue to simply be a rubber stamp as opposed to standing up for the best interests of their constituents.

    KATTY KAY: Leader Jeffries, there’s so much going on around the country and so much news coming out of this administration that perhaps this bill is not getting the attention you may feel it deserves. I know there were protesters and some people arrested up on Capitol Hill this week. How can you make Democrats and Republicans who could lose in red states and rural areas as well from this bill—how can you make them more aware and get their voices heard so that changes could be made to the bill?

    LEADER JEFFRIES: Well, these cuts are deeply unpopular across the country, and we’re seeing that in district after district after district. One of the reasons why Republican House leaders have told their members to stop holding town hall meetings is because the American people in blue states, in swing states, in red states have been showing up protesting these proposed cuts to their healthcare, these proposed cuts in nutritional assistance, the efforts to hurt veterans. And so, we just have to keep the pressure on. We’re in a more-is-more environment. We’re doing town hall meetings in our districts and town hall meetings in Republican districts, rallies and speeches and demonstrations and sit-ins. We’ll continue to elevate for the American people the stakes of this battle. And all we need is to find four Republicans who are willing to do the right thing and we could stop this extreme budget from being enacted.

    JOE SCARBOROUGH: Let me circle back to an issue that we were talking about a month ago. And I’m just curious what Congress is doing, what Congress can do, what Democrats can do about USAID. We have a situation where you have the richest billionaire in the world slashing funding that’s going to ultimately take food out of the mouths of the poorest children on the planet. Now, USAID obviously was a congressionally-mandated agency. You all authorized the spending. You appropriated the spending. And I’m just curious, when does Congress circle back? Because I know there are a lot of Republicans on the Hill that don’t want PEPFAR cut, this Bush program that was inspired by his faith, his evangelical faith, saved over 25 million lives in Africa. We can talk about Catholic charities, Baptist charities. A lot of cuts, both secular and religious charities, helping the poorest across the world. What can Congress do to make sure that funding starts back up?

    LEADER JEFFRIES: Well, Joe, as you know, the Constitution gives Congress generally, and the House specifically, the power of the purse. And as the appropriations process begins at the conclusion of this Republican budget reconciliation effort, we’re going to have to strongly push our Republican colleagues to join us to make sure that congressionally-mandated funding, including as it relates to USAID, which helps the best interests of the United States of America. It’s the right thing to do. It’s a moral outrage that these funds have been cut, but it’s also a strategic outrage because what the Trump administration and Elon Musk are doing are undermining the soft power of the United States of America. And if we don’t step in to battle these humanitarian situations that are happening across the world, China will step in and that’s bad for the national security of the United States of America.

    MIKA BRZEZINSKI: House Minority Leader, Democratic Congressman Hakeem Jeffries of New York, thank you very much for coming on the show this morning. We appreciate it.

    LEADER JEFFRIES: Thank you.

    Full interview can be watched here.

    ###

    MIL OSI USA News –

    May 15, 2025
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