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Category: Vehicles

  • MIL-OSI Security: Meteghan — Meteghan RCMP Detachment arrest two following theft of anchors

    Source: Royal Canadian Mounted Police

    Meteghan RCMP Detachment has charged a man and woman after recovering stolen property.

    On October 10, at approximately 8:00 a.m., Meteghan RCMP Detachment responded to a reported theft of 54 anchors. Officers learned that the anchors, valued at approximately $11,000, had been stolen overnight from a business on Hwy. 1 in Meteghan Centre.

    Investigators were able to identify a vehicle of interest, and at approximately 11:30 a.m. that same day, they located a matching vehicle travelling on Hwy. 1. A traffic stop was conducted, and two occupants were arrested in relation to the theft.

    The anchors were soon recovered at a scrap yard in Yarmouth.

    Andrew Corkum, 45, of Belliveaus Cove, and Kimberly Robichaud, 41, of Yarmouth, have each been charged with Theft Over $5000. They have been released from custody and are due in Yarmouth Provincial Court on November 22 at 9:30 a.m.

    Nova Scotians are encouraged to contact their nearest RCMP detachment to report crime or suspicious activity in their communities. Anonymous tips can be made by calling Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submitting a secure web tip at http://www.crimestoppers.ns.ca, or using the P3 Tips app.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Video: Lebanon, Yemen, Statelessness & other topics – Daily Press Briefing (15 Oct 2024) | United Nations

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    -Lebanon
    -Lebanon/Humanitarian
    -Occupied Palestinian Territory
    -Yemen
    -Ukraine
    -Statelessness
    -Women/Social protection
    -International Day of Rural Women
    -Briefings Tomorrow

    LEBANON
    The United Nations notes with concern the continued strikes across the Blue Line by Hizbullah and the Israel Defense Forces. Launches
    In this regard, the airstrike on Aitou in North Lebanon which resulted in at least 23 fatalities, according to Lebanese authorities, is deeply concerning. The Secretary-General strongly condemns the civilian loss of lives.
    The UN remains deeply concerned at the impact on civilians on both sides of the Blue Line but particularly in Lebanon. All actors must uphold obligations under international law, including International Humanitarian Law, and to protect civilians.
    The UN also notes that clashes continue in southern Lebanon, where the Israel Defense Forces has conducted ground operations since 1 October.
    In recent days the UN underscored our alarm about UNIFIL peacekeepers coming under fire, with at least five peacekeepers injured, and UN premises being impacted on at least 20 occasions since 1 October. The Secretary-General reiterates that UNIFIL personnel and its premises must never be targeted. Attacks against peacekeepers are in breach of international law, including international humanitarian law. They may constitute a war crime.
    As the President of the Security Council stated on behalf of all 15 Council members yesterday, “all parties [are] to respect the safety and security of UNIFIL personnel and premises”.
    The UN notes that the Council “… recalled that UN peacekeepers and UN premises must never be the target of an attack.”
    The UN appreciates the stated support of the Council for the work of our brave peacekeepers who remain in position, in support of efforts to create space for a diplomatic solution to this crisis and support a return to a cessation of hostilities and the full implementation of Security Council resolution 1701 (2006).
    The UN reiterates its calls for an immediate ceasefire, noting this is the only way to ensure the safety and security of peacekeepers as well as to protect the populations of Lebanon and Israel from further suffering.

    LEBANON/HUMANITARIAN
    This crisis has a huge impact on civilians on both sides, in Lebanon and in Israel.
    In Lebanon, today, a 12-truck convoy carrying vital aid arrived in the villages of Marjeyoun [Marji-yun] and Klayaa in the south of the country.
    The inter-agency mission – supported by the Office for the Coordination of Humanitarian Affairs, the World Food Programme, the UN Refugee Agency, UNICEF and the UN Population Fund – delivered bottled water, family hygiene kits, blankets, pillows and mattresses, among other essential items.
    The UN and partners continue to support the tens of thousands of men, women and children impacted by the ongoing crisis across Lebanon.
    WFP provides ready-to-eat food and cash to some 200,000 people on a daily basis, while UNICEF and UNHCR continue to support primary health care services and provide water, hygiene kits, mattresses, blankets and other basic items.
    OCHA reports that ongoing hostilities continue to displace people. The national authorities in Lebanon report that 1.2 million people have been affected or displaced.
    As of October 13th, the International Organization for Migration has identified more than 740,000 people displaced by the escalation of hostilities within the country.
    Of these people, more than 188,000 are staying in about 1,000 government shelters.
    UNHCR is working with the Lebanese authorities to upgrade the shelters with weatherproofing and rehabilitation of water and sanitation facilities, as well as assessing more sites to host displaced people.
    Together with their partners, UNHCR continues to support people in Syria who have fled Lebanon at five border crossings by providing water, food, blankets and mattresses.
    The UN reiterates that all civilians, both in Lebanon, Israel and elsewhere, must be always protected whether they leave or stay. And aid must be allowed to reach civilians wherever they are, safely and without impediment.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=15%20October%202024

    https://www.youtube.com/watch?v=kCHZtzOb6Qc

    MIL OSI Video –

    January 23, 2025
  • MIL-OSI Video: Lebanon, Yemen, Statelessness & other topics – Daily Press Briefing (15 Oct 2024) | United Nations

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    -Lebanon
    -Lebanon/Humanitarian
    -Occupied Palestinian Territory
    -Yemen
    -Ukraine
    -Statelessness
    -Women/Social protection
    -International Day of Rural Women
    -Briefings Tomorrow

    LEBANON
    The United Nations notes with concern the continued strikes across the Blue Line by Hizbullah and the Israel Defense Forces. Launches
    In this regard, the airstrike on Aitou in North Lebanon which resulted in at least 23 fatalities, according to Lebanese authorities, is deeply concerning. The Secretary-General strongly condemns the civilian loss of lives.
    The UN remains deeply concerned at the impact on civilians on both sides of the Blue Line but particularly in Lebanon. All actors must uphold obligations under international law, including International Humanitarian Law, and to protect civilians.
    The UN also notes that clashes continue in southern Lebanon, where the Israel Defense Forces has conducted ground operations since 1 October.
    In recent days the UN underscored our alarm about UNIFIL peacekeepers coming under fire, with at least five peacekeepers injured, and UN premises being impacted on at least 20 occasions since 1 October. The Secretary-General reiterates that UNIFIL personnel and its premises must never be targeted. Attacks against peacekeepers are in breach of international law, including international humanitarian law. They may constitute a war crime.
    As the President of the Security Council stated on behalf of all 15 Council members yesterday, “all parties [are] to respect the safety and security of UNIFIL personnel and premises”.
    The UN notes that the Council “… recalled that UN peacekeepers and UN premises must never be the target of an attack.”
    The UN appreciates the stated support of the Council for the work of our brave peacekeepers who remain in position, in support of efforts to create space for a diplomatic solution to this crisis and support a return to a cessation of hostilities and the full implementation of Security Council resolution 1701 (2006).
    The UN reiterates its calls for an immediate ceasefire, noting this is the only way to ensure the safety and security of peacekeepers as well as to protect the populations of Lebanon and Israel from further suffering.

    LEBANON/HUMANITARIAN
    This crisis has a huge impact on civilians on both sides, in Lebanon and in Israel.
    In Lebanon, today, a 12-truck convoy carrying vital aid arrived in the villages of Marjeyoun [Marji-yun] and Klayaa in the south of the country.
    The inter-agency mission – supported by the Office for the Coordination of Humanitarian Affairs, the World Food Programme, the UN Refugee Agency, UNICEF and the UN Population Fund – delivered bottled water, family hygiene kits, blankets, pillows and mattresses, among other essential items.
    The UN and partners continue to support the tens of thousands of men, women and children impacted by the ongoing crisis across Lebanon.
    WFP provides ready-to-eat food and cash to some 200,000 people on a daily basis, while UNICEF and UNHCR continue to support primary health care services and provide water, hygiene kits, mattresses, blankets and other basic items.
    OCHA reports that ongoing hostilities continue to displace people. The national authorities in Lebanon report that 1.2 million people have been affected or displaced.
    As of October 13th, the International Organization for Migration has identified more than 740,000 people displaced by the escalation of hostilities within the country.
    Of these people, more than 188,000 are staying in about 1,000 government shelters.
    UNHCR is working with the Lebanese authorities to upgrade the shelters with weatherproofing and rehabilitation of water and sanitation facilities, as well as assessing more sites to host displaced people.
    Together with their partners, UNHCR continues to support people in Syria who have fled Lebanon at five border crossings by providing water, food, blankets and mattresses.
    The UN reiterates that all civilians, both in Lebanon, Israel and elsewhere, must be always protected whether they leave or stay. And aid must be allowed to reach civilians wherever they are, safely and without impediment.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=15%20October%202024

    https://www.youtube.com/watch?v=kCHZtzOb6Qc

    MIL OSI Video –

    January 23, 2025
  • MIL-OSI Asia-Pac: Ministry of Road Transport & Highways reviews readiness of the automobile industry for ethanol and flex fuels with representatives of the Society of Indian Automobile Manufacturers (SIAM)

    Source: Government of India

    Posted On: 15 OCT 2024 7:30PM by PIB Delhi

    Union Minister of Road Transport & Highways, Shri Nitin Gadkari, held a review meeting with members of the Society of Indian Automobile Manufacturers (SIAM) at Transport Bhawan today. They discussed how prepared the automobile industry is for using ethanol and flex fuels.

     

    The discussion focused on how the industry is preparing to launch ethanol-powered vehicles in the coming months. Shri Gadkari also spoke about the benefits of switching from fossil fuels to biofuels, which will help India become more self-reliant (Atmanirbhar), lower pollution, reduce the country’s annual fossil fuel imports, and provide consumers with cheaper fuel options, all while supporting farmers.

    He urged SIAM members to explore ways to increase public acceptance of these fuels, pointing to Brazil’s successful adoption of flex fuels and biofuels in its transportation system as an example.

    *****

    NKK/GS/AK

    (Release ID: 2065102) Visitor Counter : 30

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI New Zealand: Police investigating youth offending in Christchurch

    Source: New Zealand Police (National News)

    Please attribute to Canterbury Metro Area Commander Superintendent Lane Todd:

    Police are investigating after there were several serious incidents involving youth offenders in Christchurch overnight.

    The first incident occurred not long before 6pm outside a gym in Wigram, where a vehicle was stolen. Shortly after four young people threatened to take another person’s vehicle outside a store in Hornby.

    Just before 10pm, a 17-year-old man stepped off a bus on Mackworth Street in Woolston and a vehicle described as a Toyota Aqua attempted to drive at him. One of the offenders then got out of the vehicle and confronted the victim and attempted to take his phone.

    Around 45 minutes later on Skyhawk Road in Wigram, a group of young people has threatened a member of the public before taking off with their cell phone and dog. They then tried to drive their vehicle toward the victim. The dog has since been located.

    Following this serious incident, there was a burglary at a vape shop on Stanmore Road at about 4:36am where the offenders have smashed their way into the store, however, they fled as Police arrived and drove off in such a dangerous manner that Police were unable to initiate a pursuit.

    Early enquiries lead Police to believe that all of these incidents are linked however work to fully establish this is ongoing. We now have a number of officers working to identify and locate the people involved.

    This type of behaviour is completely unacceptable and we will ensure they are held accountable for their dangerous and reckless actions which has left a number of victims extremely shaken. We will be ensuring they receive Victim Support alongside ongoing police support.

    We have our Scene of Crime Officers carrying out forensic examinations at the relevant scenes and of vehicles of interest that have been located.

    Anyone with information which they think may be of assistance to the Police investigation, please update us online now  or call 105.

    Please use the reference number P060294419.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-OSI: Artisan Partners Asset Management Inc. to Announce 3Q24 Results on October 29, 2024

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) will report its third quarter 2024 financial results and information relating to its quarterly dividend on October 29, 2024 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial Officer C.J. Daley will host a conference call on October 30, 2024 at 1:00 p.m. (Eastern Time) to discuss the results.

    A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial:              

    United States/Toll Free: 1-877-328-5507
    International: 1-412-317-5423
    Conference ID: 10192111

    An audio replay of the conference call will be available one hour after the end of the conference until November 6, 2024 at 9:00 a.m. (Eastern Time) by dialing the following:         

    United States/Toll Free: 1-877-344-7529
    International: 1-412-317-0088
    Replay Conference ID: 5832848

    An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference.

    About Artisan Partners

    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Artisan Partners Asset Management Inc.

    Investor Relations Inquiries
    866.632.1770
    ir@artisanpartners.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI Security: La Ronge — La Ronge investigating fatal collision

    Source: Royal Canadian Mounted Police

    On October 12, 2024 at approximately 1:30 a.m., La Ronge RCMP received a report of a single vehicle rollover on Highway #165, approximately 15 minutes south of Hall Lake, SK.

    Officers responded along with local EMS. A passenger in the vehicle was transported to hospital by EMS where he was later declared deceased. He has been identified as a 15-year-old male from the La Ronge area. His family has been notified.

    The driver of the vehicle reported no physical injuries to police.

    As a result of continued investigation, an adult male from the La Ronge area was arrested and is charged with:

    • one count, operation while impaired (drug) of motor vehicle causing death, Section 320.14(3), Criminal Code;
    • one count, operation while impaired (alcohol) of motor vehicle causing death, Section 320.14(3), Criminal Code; and
    • one count, dangerous operation of motor vehicle causing death, Section 320.13(3), Criminal Code.

    The adult male appeared in court in La Ronge on October 15, 2024.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI USA: Burgum signs MOU with Korean UAS association, expanding North Dakota’s collaboration opportunities

    Source: US State of North Dakota

    Gov. Doug Burgum and Korea Research Association for Unmanned Vehicles (KRAUV) Chairman Choi Myungjin today signed a memorandum of understanding (MOU) between the state of North Dakota and KRAUV to establish a partnership and promote collaboration in Unmanned Aircraft Systems (UAS) research and development.  

    KRAUV is focused on the advancement of UAS technology in Korea and the continued development of the country’s UAS ecosystem. Much like the state of North Dakota, the South Korean government is a strong proponent of UAS development, investing well over $1 billion to grow the industry and establishing policies supportive of UAS research, development and commercialization. The nation has also invested millions of dollars in its own UAS military fleet to protect its borders.

    “Working together with KRAUV to advance UAS research and development will help North Dakota further cement our status as a global leader in this industry while also strengthening our relationship with the Republic of Korea, one of our state’s top trading partners and a key U.S. ally,” Burgum said. “From monitoring crops and assessing risks to energy infrastructure, to emergency response and defense capabilities, the list of UAS applications continues to grow, and we’re grateful for KRAUV’s partnership in exploring and developing those possibilities into jobs and economic growth.”

    Myungjin highlighted the strategic importance of this collaboration, stating, “North Dakota is recognized for its world-class UAS infrastructure, particularly in testing capabilities. Through this partnership, we are confident that Korean companies will build a strong foothold in the international market, beginning with North Dakota. Today’s agreement will stimulate greater investment between Korea and North Dakota, supporting sustainable growth and serving as a crucial step towards creating a vibrant global unmanned vehicle ecosystem. KRAUV remains committed to fostering the growth and progress of the global unmanned vehicle industry.” 

    The signing ceremony in Seoul was attended by Burgum, Myungjin, Commerce Commissioner Josh Teigen and North Dakota Trade Office Executive Director Drew Combs, among others. 

    North Dakota is a UAS leader in the United States. The Northern Plains UAS Test Site in Grand Forks constitutes the hub of the state’s UAS ecosystem. A designated FAA partner, the Test Site boasts the nation’s first Beyond Visual Line of Sight (BVLOS) system in Vantis. Additionally, the University of North Dakota’s John D. Odegard School of Aerospace Sciences offers the first UAS degree program in the nation, and Grand Sky Business Park is the first of its kind, offering commercial UAS business and aviation services adjacent to the Grand Forks Air Force Base.   

    The MOU signing was part of a weeklong trade and investment mission to the Republic of Korea for Burgum and fellow members of the North Dakota delegation from the North Dakota Department of Commerce, North Dakota Trade Office, Energy & Environmental Research Center at the University of North Dakota, and North Dakota companies representing agriculture, energy, manufacturing, aerospace and technology.  

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Economics: Thales Alenia Space signs a contract with OHB to develop two radar instruments for ESA’s 10th exciting new Earth Explorer Harmony mission

    Source: Thales Group

    Headline: Thales Alenia Space signs a contract with OHB to develop two radar instruments for ESA’s 10th exciting new Earth Explorer Harmony mission

    • Leveraging its longstanding experience in radar-based Earth observation satellites, Thales Alenia Space will lead a wide European industrial consortium
    • Together with data from Copernicus Sentinel-1 mission, for which Thales Alenia Space is prime contractor, the two-satellite Harmony constellation will provide a wealth of new information about our oceans, ice, earthquakes and volcanoes – which will make significant contributions to climate research and risk monitoring.

    Milan, October 15th, 2024  – Thales Alenia Space, a Joint Venture between Thales (67%) and Leonardo (33%), has signed a contract with OHB to develop the two Earth observation Synthetic Aperture Radar (SAR) instruments to be embarked on the two-satellite Harmony constellation – ESA’s 10th Earth Explorer mission expected to be launched aboard a Vega-C launch vehicle by 2029.

    Harmony ©ESA

    Thales Alenia Space will lead a diverse European industrial consortium to design, develop and validate the C-Band SAR instruments and will also be responsible of the C-Band digital electronic and antenna tiles to be embarked on both Harmony satellites.

    “This contract confirms Thales Alenia Space’s longstanding and recognized experience in manufacturing Earth observation satellites based on radar technology,” said Giampiero Di Paolo, Senior Vice President Observation, Exploration, and Navigation at Thales Alenia Space. “The development of the two radar instruments will allow Thales Alenia Space to make a significant technological and architectural step forward improving the competitiveness of SAR products both in the institutional and commercial Earth observation markets”.

    Thales Alenia Space has played a key role as industry during the Harmony preparatory phase, supporting ESA in the definition of a high-performing solution capable of fully meeting the mission scientific objectives, developing in parallel all the relevant SAR enabling technologies.

    About the 10th Earth Explorer Harmony mission

    Earth Explorer missions form the science and research element of ESA’s Earth Observation FutureEO Programme. By returning critical data to understand the planet and predict what lies in store, the Earth Explorers are fundamental to advance science and, subsequently, to restore environmental balance for a sustainable future. Each of these extraordinary missions carries innovative space technology, demonstrating how new techniques can return an astonishing wealth of scientific findings about our planet.

    Together with Sentinel-1, Harmony promises to provide a wealth of unique data on ocean–ice–atmosphere interactions at unprecedented resolution for more insight into upper-ocean heat exchanges, drivers of extreme weather and the long-term impacts of climate change.

    The mission will also shed new light on deformation and flow dynamics at the rapidly changing edges of ice sheets for a better understanding of sea-level rise. In addition, Harmony will measure small shifts in the shape of the land caused by earthquakes and volcanic activity, thereby contributing to risk monitoring.

    The Harmony mission consists of two bistatic passive Synthetic Aperture Radar (SAR) receive-only satellites, enhanced by a Thermal Infrared (TIR) optical payload, flying in a loose formation with Sentinel-1. Using Sentinel-1 as an illuminator of opportunity and augmenting its observations with a multi-static configuration for direct measurements of surface velocities will make a highly innovative contribution to Earth Observation capabilities.

    ABOUT THALES ALENIA SPACE

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023. Thales Alenia Space has around 8,600 employees in 9 countries, with 16 sites in Europe and a plant in the US.

    http://www.thalesaleniaspace.com

    THALES ALENIA SPACE – PRESS CONTACTS

    Tarik Lahlou
    Tel: +33 (0)6 87 95 89 56
    tarik.lahlou@thalesaleniaspace.com

    Catherine des Arcis
    Tel: +33 (0)6 78 64 63 97
    catherine.des-arcis@thalesaleniaspace.com

    Cinzia Marcanio

    Tel.: +39 (0)6 415 126 85
    cinzia.marcanio@thalesaleniaspace.com

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Economics: DG Okonjo-Iweala: Members need to “continue to be constructive” to achieve outcomes

    Source: World Trade Organization

    “We need to continue to be constructive and to keep in our sights that we are here to achieve outcomes,” DG Okonjo-Iweala told members, citing positive discussions on several issues under negotiation.

    On agriculture, the DG said she was grateful for the positive discussion that took place at the Trade Negotiations Committee meeting on 10 October, which focused on advancing the agriculture negotiations.

    The DG said she, the General Council chair — Ambassador Petter Ølberg (Norway) — and the chair of the agriculture negotiations — Ambassador Alparslan Acarsoy (Türkiye) — would be meeting with members shortly in order to respond to some of the questions posed during the meeting and find an agreement on a process for moving the negotiations forward.

    “We can’t accept this important negotiation to be stalemated,” the DG said. “It’s been so for two and a half decades … let’s try and take it very seriously and find a way through.”

    On fisheries subsidies, the DG welcomed progress on acceptances of the Agreement on Fisheries Subsidies concluded in 2022 and noted that only 25 more acceptances are needed to ensure entry into force of the Agreement, with a number of additional acceptances expected in the days and weeks ahead. 

    She also underlined that members were “almost there” with regards to a deal on the second part of the Agreement, which aims to address subsidies contributing to overcapacity and overfishing.  “There are some issues, not many, and some members who need more work to be done so that we can push towards a conclusion,” she said.

    On development, the DG said she was happy that the work has resumed on special and differential treatment proposals at an 11 October meeting of the Committee on Trade and Development. To keep up the momentum and to work towards more concrete results, members should achieve as many results as possible in Geneva rather than waiting for the next Ministerial Conference, she told members.

    On dispute settlement reform, the DG noted that reform of the system was a “collective desire of every member in this room,” the importance of which was underlined at recent meetings of the Group of 20 foreign ministers and the UN General Assembly meeting in New York.

    She thanked the facilitator and co-coordinators of the reform talks for their efforts. “I hope we can continue to push along the work,” she said. “I know it’s not easy, and it requires a lot of listening, but slow and steady is what we need until we can get to where we want.”

    On investment facilitation for development (IFD), DG Okonjo-Iweala noted the continued discussions on the proponents’ request to incorporate the IFD Agreement into the WTO framework. The DG said she welcomed the tone of the exchanges at the General Council meeting and said she detected a “willingness to dialogue” and continue to find a solution among the membership.

    Share

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Global: As automation showdowns with workers continue, India’s Kerala state offers an important lesson

    Source: The Conversation – Canada – By Sanjith Gopalakrishnan, Assistant Professor of Operations Management, McGill University

    Nearly 50,000 dockworkers from the International Longshoremen’s Association went on strike across the United States Eastern Seaboard in October. The strike, which lasted three days, ended on Oct. 3 after a tentative wage agreement was reached between the union and the United States Maritime Alliance.

    Yet the agreement doesn’t resolve the union’s concerns over automation. For dockworkers, machines like automated stacking cranes pose a direct threat to job security. The union is still aiming to prohibit the operators of U.S. marine terminals from automating cargo handling.

    However, this trend is not isolated to the shipping industry. In retail, frictionless stores are reducing the need for cashiers, while self-driving trucks are poised to replace drivers, at least on some routes.

    The dockworker strike may have been resolved for now, but it was neither the first, nor will it be the last, showdown between labour and automation.

    Indian communism

    May 1 saw rallies take place all over the world, celebrating the labour movement and commemorating American workers who, in 1886, marched in Chicago for an eight-hour workday.

    May Day holds particular significance in the southern Indian state of Kerala, a heartland of Indian communism. It had one of the earliest democratically elected communist governments in the world. In 1957, the Communist Party of India won the Assembly election in Kerala, setting a precedent for parliamentary communism in the country.




    Read more:
    May Day 2024: Workers on a warming planet deserve stronger labour protections


    But, on May 1, 2018, the state government in Kerala led by the Communist Party of India (Marxist) abolished a practice that even it deemed far too proletarian — the nokku kooli.

    Commonplace until recently, nokku kooli literally translates to “wages for looking on.” It was a practice where private individuals and businesses were forced to compensate worker unions for using industrial equipment towards productive ends, even if no labour was done.

    For instance, a construction company moving material using cranes was still expected to pay wages at negotiated or union mandated rates to the workers who would have otherwise been needed to load and unload goods.

    Describing this extortionary practice, Keralan writer Paul Zacharia once wrote:

    “The revolution in Kerala says the worker must be paid even if he doesn’t work. That is a kind of workers’ paradise even Marx did not anticipate.”

    Widespread opposition to this practice eventually led to its 2018 abolition. In 2022, the High Court declared it “illegal and unconstitutional.”

    A cautionary tale

    The origins of nokku kooli stem from opposition to automation. As India’s economy liberalized and rapidly industrialized in the late 20th century, Kerala’s labour unions correctly identified mechanization as a threat to their jobs.

    In response, powerful unions backed the nokku kooli system, with the government turning a blind eye. The system ensured workers would still receive a share of the economic pie, even as technology rendered their labour increasingly unnecessary.

    Kerala’s nokku kooli practice, however, serves as a cautionary tale. What may have started as a natural immediate response of organized labour facing a rapid industrial transition eventually became increasingly extortionary, with predictable and damaging economic consequences.

    In the decades that followed, the state’s reputation for militant trade unionism hindered its ability to attract private investment. Kerala experienced labour shortages in several sectors, while workers in automated roles, such as loading and unloading, continued to expect compensatory wages for little effort.

    Same old fears

    Today, fears of automation causing job losses are still prompting calls for policy fixes. Bill Gates and others have called for a “robot tax” — a tax on automation.

    The revenue from such a tax would offset reduced income tax collections. Proponents argue it could be invested in worker retraining programs or for income replacement. These proposals mirror the spirit of nokku kooli: businesses should compensate workers, directly or indirectly, when machines replace their jobs.

    This speaks to a tension between short- and long-term approaches in addressing the impacts of technological disruption. Short-term fixes, like a robot tax, may mitigate immediate job losses and give workers a safety net.

    However, some economists argue this is a misguided response to a “techno-panic” and risks stifling innovation, which could reduce productivity and hinder companies that rely on efficiency to stay viable in a global market.

    Moreover, safety nets such as replacement incomes for displaced workers can also have unintended consequences in the long run, as seen in Kerala. While easing the transition, these measures risk creating a dependent workforce disincentivized to adapt to new economic realities.

    Short-term fixes better than none

    Still, perhaps short-term fixes — even ones that may eventually need undoing — are better than entirely ignoring the immediate and real impacts on workers, or offering glib solutions such as asking displaced industrial workers to learn to code.

    Globalization’s benefits were unevenly distributed across the world, and widening inequality is argued to be a driver of sociopolitical polarization. As automation advances, the same risk looms large.

    We still lack mechanisms to adequately redistribute economic gains due to technological innovation. Ignoring the disruptive impacts, however transitory, could still leave entire segments of the workforce behind, compounding inequality and social unrest.

    In the end, the lesson from Kerala might not just be about avoiding excess. It is also a reminder that policies that no longer work can, and should, be undone. As we embrace technological progress, we must not risk losing sight of the real people whose livelihoods are at stake in the here and now.

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

    – ref. As automation showdowns with workers continue, India’s Kerala state offers an important lesson – https://theconversation.com/as-automation-showdowns-with-workers-continue-indias-kerala-state-offers-an-important-lesson-240304

    MIL OSI – Global Reports –

    January 23, 2025
  • MIL-OSI Global: The lasting scars of war: How conflict shapes children’s lives long after the fighting ends

    Source: The Conversation – Canada – By Kerry McCuaig, Fellow in Early Childhood Policy, Atkinson Centre, Ontario Institute for Studies in Education, University of Toronto

    The world is witnessing some of the highest levels of conflict in decades, with more than 110 armed conflicts occurring across Africa, the Middle East, Asia, Latin America and Europe.

    The impact of these wars on children is vast and multifaceted. The trauma inflicted is enduring and will shape the rest of their lives — and by extension, the societies in which they, and we live.

    As researchers who study how public policies can intervene to reduce adverse outcomes for children, we contend that wars are not bound by geography. Airstrikes terrorize children in conflict zones, while those living in the nations involved in these conflicts also experience trauma in the form of poverty, neglect, and discrimination.

    Children as collateral — and targets

    In the first decade of the 21st century, civilians accounted for 90 per cent of deaths in armed conflicts. Of these casualties, a significant number were children.

    Modern conflicts are markedly lop-sided where often only one combatant has fighter jets, tanks, and explosives. Entire cities become war zones where children are not just caught in the crossfire, but are deliberately targeted.

    War is the ultimate abuse of children’s rights. According to the United Nations there were a record 32,990 grave violations against 22,557 children in 26 conflict zones, in 2023. “The highest numbers of grave violations occurred in Israel and the Occupied Palestinian Territories, the Democratic Republic of the Congo, Myanmar, Somalia, Nigeria and Sudan.”

    The United Nations Children’s Fund and other global humanitarian organizations have raised the alarm, saying women and children “are disproportionately bearing the burden” of the violence.

    Beyond direct violence, children are subjected to the toxic stress of war. Suspended supply chains and agricultural production leave besieged populations vulnerable to acute and chronic malnutrition, with devastating consequences for children’s growth, immune and metabolic systems, and cognitive development. The destruction of schools, hospitals, and homes compounds the trauma, while attacks on humanitarian assistance eliminate any respite.

    The disruption of vaccination programs allows preventable diseases to proliferate. Polio, once on the verge of global eradication, is spreading in Gaza. The direct targeting of sanitation and water treatment facilities creates conditions ripe for cholera outbreaks. Mpox, a deadly virus that causes painful blistering rashes, kills children at a far higher rate than adults and is prevalent in the Democratic Republic of Congo.

    The situation is particularly dire for infant and maternal health. Pregnancy in war zones is associated with fewer live births, increased preterm delivery, and low birth weight. War-generated pollution has been linked to birth defects. The fallout reaches beyond the war zone. A study found greater incidents of pregnancy complications and birth defects in the children of U.S. war veterans.

    The psychological toll of war

    Witnessing constant violence, death and destruction can permanently change how a child’s brain develops. Research has shown that trauma in early childhood particularly affects the areas of the brain responsible for stress responses. This means that children who experience war are more likely to suffer from anxiety, depression, and stress disorders.

    As they grow into adulthood, these mental health issues can manifest in more profound ways, increasing the likelihood of depression and even neurodegenerative diseases such as Alzheimer’s.

    Extreme stress also affects parenting, putting children at risk for maltreatment and neglect. Even when the fighting stops or families leave combat zones, parental substance abuse or deteriorating mental health can leave children vulnerable. Studies have documented increased physical and emotional mistreatment among the children of returning U.S. military personnel.

    The experiences of trauma are cumulative and far-reaching, not only affecting children’s immediate mental health, but also their ability to form relationships, learn, and thrive later in life.

    Impact on education

    Armed conflicts devastate the critical infrastructure needed to support healthy child development. Children can spend months fleeing war zones or sheltering against bombardment disrupting their education. Schools are often destroyed or repurposed. Teachers are displaced or killed. For many, attending school is simply too dangerous, leaving millions of children without basic education, significantly reducing their future opportunities.

    Girls are more likely to be kept out of school to fill in for absent or deceased adults. Those separated from their family are at increased risk for gender violence, exploitation, and teen pregnancy, further entrenching cycles of poverty and inequality that are difficult to break even after the conflict ends.

    A BBC news report about a school in Yemen destroyed during the war.

    Children in other countries also suffer, as public revenues are diverted from schools, health care, and other poverty-reduction measures to finance the machinery of war.

    The long-term societal impact is profound. Education is one of the strongest tools for reducing violence and rebuilding societies. Yet tragically, less than three per cent of humanitarian aid funding goes towards education in war zones.




    Read more:
    The war in Gaza is wiping out Palestine’s education and knowledge systems


    Breaking the cycle of violence

    Despite the enormous challenges, there are pathways to reduce the harm inflicted on children. Humanitarian organizations work to provide safe spaces for children to play, learn, and heal.

    These interventions, while often simple, are crucial for giving children a sense of normalcy during chaos. Supporting caregivers is another essential element, as the mental health of parents and guardians directly affects their children’s well-being.

    While invaluable, these efforts are only band-aid solutions. The international community must increase funding for child protection and education in humanitarian responses and undertake serious action to eliminate the causes of war.

    Kerry McCuaig receives funding from the Margaret and Wallace McCain Family Foundation, the Atkinson Foundation and the Lawson Foundation.

    Emis Akbari receives funding from The Margaret and Wallace McCain Family Foundation, The Lawson Foundation and The Atkinson Foundation.

    – ref. The lasting scars of war: How conflict shapes children’s lives long after the fighting ends – https://theconversation.com/the-lasting-scars-of-war-how-conflict-shapes-childrens-lives-long-after-the-fighting-ends-240640

    MIL OSI – Global Reports –

    January 23, 2025
  • MIL-OSI Security: Summary and Assessment of Agency 2024 Chief FOIA Officer Reports and New Guidelines for 2025 CFO Reports Issued

    Source: United States Attorneys General 7

    Today the Office of Information Policy (OIP) is pleased to release its summary and assessment of agencies’ 2024 Chief FOIA Officer (CFO) Reports.  OIP’s 2024 summary and assessment focuses on steps agencies have taken to improve FOIA administration in five key areas highlighted in the Attorney General’s 2022 FOIA Guidelines:

    • FOIA Leadership and Applying a Presumption of Openness;
    • Ensuring Fair and Effective FOIA Administration;
    • Proactive Disclosures;
    • Utilizing Technology to Improve Efficiency; and
    • Steps Taken to Remove Barriers to Access, Improve Timelines, and Reduce Backlogs.

    This past March marked the fifteenth year that agency CFOs submitted these reports to the Department of Justice.

    OIP encourages agencies and the public to read both OIP’s summary and each agency’s individual report to gain a comprehensive understanding of the various steps taken to improve the administration of the FOIA across the government.

    In addition to the summary, OIP’s 2024 assessment provides a broad overview of agency efforts in several key areas of FOIA administration.  The assessment covers those agencies that received more than 50 requests and distinguishes between high and medium volume agencies, using a five-step scoring system to denote agency success for each milestone.  For the 2024 assessment, OIP selected twenty-two milestones for scoring high volume agencies and twenty milestones for scoring medium volume agencies.  The full assessment, including a detailed methodology, is available as both a spreadsheet and PDF.

    Based on the review of the 2024 reports, OIP has included guidance to assist agencies in making further improvements to FOIA administration in the years ahead.  This guidance addresses FOIA training and the role of the Chief FOIA Officer, maintaining current FOIA websites, and timely processing of and reporting accurate metrics for requests for expedition. 

    OIP’s yearly assessment is intended to serve as a vehicle to both recognize agency successes and to identify areas where further improvement can be made.  You can read OIP’s 2024 Summary and Assessment of Agency CFO Reports on our Reports page alongside previous summaries and assessments.  OIP’s guidance for further improvement based on our review of agency 2024 CFO Reports is available both as a part of this year’s summary as well as on our Guidance page.

    OIP is also issuing new guidelines for agencies’ 2025 CFO Reports, which continue to focus on the five key areas of FOIA administration highlighted in the Attorney General’s 2022 FOIA Guidelines.  The 2025 CFO Report Guidelines once again include separate reporting requirements for agencies depending on the number of FOIA requests received in the prior fiscal year.  Agencies that received 50 requests or less in Fiscal Year 2023 are encouraged to report on any efforts or success stories that are not captured in their Fiscal Year 2024 Annual FOIA Report.  All other agencies receiving more than 50 requests have more extensive reporting requirements.

    Agencies that received more than 50 requests must submit their draft 2025 Chief FOIA Officer Reports to OIP for review by no later than Monday, January 13, 2025.  For the remaining agencies receiving 50 requests or less in Fiscal Year 2023, if they do have information to report, they must provide their reports by no later than Friday, February 7, 2025.  A listing of all agencies with a link to their reporting requirements is included at the end of the Guidelines.

    Additional details on the review and submission process are included in the Guidelines.  OIP will once again host refresher training on the preparation of the 2025 Chief FOIA Officer Reports.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Australia: Inglewood celebrates momentous 160th anniversary

    Source: Victoria Country Fire Authority

    Joe Watts and CFA board member Beth Davidson OAM reveal the Inglewood tanker’s new name

    Inglewood Fire Brigade marked a significant milestone over the weekend, celebrating its 160th anniversary with a special dinner to honour its long-serving members.

    The event, held at Inglewood Golf Club, featured the naming of the brigade’s two trucks. They were dedicated to Joe Watts, who served for 55 years, and former Captain Brian Rodwell. 

    Inglewood Fire Brigade Captain Andrew Smith said the event was a fitting tribute to all past and present members who have served the community since 1864. 

    “It’s hard to put into words what the 160th anniversary means to the town, and the celebrations certainly lived up to expectations,” Andrew said.  

    “Recognising the contributions of Joe and Brian was a highlight for us all.” 

    A particularly poignant moment came when the family of former member David Dowler accepted his CFA life membership on his behalf.  

    David, who dedicated a combined 32 years of service to the Inglewood and Maldon fire brigades, sadly passed away shortly before the event. 

    “Dave was always first to the station when the pager went, and first to put up his hand for strike team duties,” Andrew said. 

    “He has been an integral part of the Inglewood brigade for several years and his sudden passing has affected the entire team. 

    “Dave’s guidance and sense of humour will be sadly missed. 

    “We were privileged to have members of Dave’s family attend our 160th celebration.” 

    Additional recognition included CFA life memberships for John Little (35 years) and David Patterson (30 years). Service awards, ranging from five-year certificates to 50-year medals, were also presented. 

    Andrew, who has been with the brigade for 18 years and served as captain for eight, expressed his pride in leading the brigade through such a significant occasion. 

    “It’s an honour to lead the brigade at such an important time in its history,” he said.  

    “Living in a small country town and being part of the CFA is about giving back to the community.” 

    Established in 1864, following a meeting of 150 locals at the Royal Hotel in Inglewood, the brigade operated from its Grant Street station for 154 years before moving to a new station on Southey Street in 2019. 

    “We’ve been fortunate to move into a brand new station, and we’ve recently added a new heavy tanker,” Andrew said.  

    “The old station, designed for horse-drawn vehicles, will always be part of our history, but the new facility is a huge boost.” 

    Inglewood itself was devastated by a fire in 1862, two years before the brigade was formed. The townspeople managed to stop the fire by tearing down buildings and ferrying water from a nearby dam. More recently, the brigade responded to a major shop fire on the town’s main street in late August this year. 

    With 30 members currently on the roster, Inglewood Fire Brigade is well positioned for its next 160 years, although Andrew said there is always room for more recruits. 

    “We’re always on the lookout for people willing to help protect their local community. If you’re interested, we’d love to hear from you.” 

    If you or anyone you know is interested in becoming a CFA volunteers, you can find out more here. 

    Submitted by CFA Media

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Security: North Carolina Man Sentenced to 13 Years in Prison for Federal Drug Crime

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

    BLUEFIELD, W.Va. – Keith Deshon Adams, 39, of Statesville, North Carolina, was sentenced today to 13 years in prison, to be followed by four years of supervised release, for possession with intent to distribute 5 grams or more of methamphetamine and a quantity of fentanyl.

    According to court documents and statements made in court, on September 7, 2022, law enforcement officers conducted a traffic stop of a vehicle in Oak Hill in which Adams was a passenger. Adams admitted that he tried to flee on foot after he was asked to exit the vehicle and stand at the front of an officer’s cruiser. An officer deployed a taser to stop Adams. While struggling with the officer, Adams opened a cross-body bag he was wearing and retrieved a plastic baggy containing fentanyl powder from it. Adams tore open the bag, causing the fentanyl to spill out of the bag and onto the officer’s clothing, face and mouth. The officer ingested some of the fentanyl and began suffering an apparent overdose.

    Other officers secured Adams. A second officer suffered an apparent overdose after ingesting some of the spilled fentanyl. Both officers were taken to the hospital and treated with naloxone.

    Adams admitted that the cross-body bag contained controlled substances including methamphetamine, fentanyl and tablets containing methamphetamine and ecstasy.

    Adams has a long criminal history with prior convictions for such offenses as unlawful transport of firearms, possession with intent to distribute a controlled substance, and failure to register as a sex offender.

    United States Attorney Will Thompson made the announcement and commended the investigative work of the Oak Hill Police Department, the Fayette County Sheriff’s Department, the Drug Enforcement Administration (DEA), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    Senior United States District Judge David A. Faber imposed the sentence. Assistant United States Attorney JC MacCallum prosecuted the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 1:23-cr-152.

    ###

     

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Australia: Inflation Expectations – Why They Matter and How They Are Formed

    Source: Reserve Bank of Australia

    Introduction

    I would first like to pay respect to the traditional and original owners of this land, the Gadigal people of the Eora Nation, to pay respect to those who have passed before us and to acknowledge today’s custodians of this land. I also extend that respect to any First Nations people joining us here today.

    A low and stable inflation rate is critical to preserving macroeconomic stability. Having a good idea of what’s going to happen to prices allows businesses to plan for investment and expansion. It also makes things like budgeting and financial planning easier for households. This is particularly true for those on low incomes, who typically have smaller financial buffers than others and spend more of their income on essentials. And with more stable household and business balance sheets, the financial system is more stable.

    The experience of the last few years has clearly highlighted this. Everyone across the economy has felt the increased cost of living. This is very clear in the data we monitor, such as household spending, but it’s perhaps more apparent in survey metrics such as consumer confidence, which remains much lower than its pre-pandemic average (Graph 1). So there are a number of good reasons to bring inflation down and keep it at a low and stable rate.

    In addition to the tangible impact of elevated inflation today, central bankers often note that they want to make sure that inflation expectations remain anchored. But why is this the case? And what impact do current inflation outcomes have on expectations?

    Why do inflation expectations matter?

    Macroeconomists generally think that a prerequisite for consistently achieving low and stable inflation over time is well-anchored inflation expectations. That is, people across the economy believe inflation will generally average a low rate (in Australia’s case, 2–3 per cent), and they make decisions based on this underlying belief that becomes self-reinforcing. Indeed, this is a key lesson from economic history; there are multiple episodes that demonstrate the damage de-anchored expectations can cause, and the policy effort and welfare costs associated with re-anchoring them. Türkiye’s current experience is just one example (Graph 2).

    So why do expectations matter at all when it comes to economic outcomes? We think they matter because people don’t just make decisions based on what is happening today, they also factor in what they think will happen tomorrow. In other words, inflation expectations are at least partly self-fulfilling.

    For example, our decision over how much to save for retirement today is determined by how much income we think we’ll need once we stop working, and this is partly influenced by what we think will happen to prices between now and then.

    In addition to changing the behaviour of households, inflation expectations also directly feed into all of the decisions firms make – for example, over capital investment, pricing and staffing. One way this occurs is through the wage-setting process (Graph 3). This could be workers, or their union representatives, bargaining for higher wages if they think inflation will be higher. Or it could be firms’ expectations of higher future prices giving them the confidence to offer higher wages today to attract workers.

    And given that this is an investment conference, I’d be remiss not to mention how important inflation expectations are to the domestic and international portfolio allocation decisions made by financial market participants. These expectations then feed into long-term interest rates, exchange rates, and the prices of assets in our superannuation funds and all other investment portfolios. In short, inflation expectations are a factor in pretty much every economic decision that’s made every day.

    The fact that expectations feed into actual inflation outcomes means de-anchored expectations typically leads to greater inflation volatility (Graph 4). Volatility breeds uncertainty, and uncertainty makes decisions harder for everyone. As a business, how do you decide when it’s right to invest if you’re less sure of the financial returns? And to go back to the example of households deciding how much to save for retirement or to buy a home, a bout of unexpectedly high inflation is very hard to plan for. Both the effort required to make decisions with uncertainty, and that some otherwise good decisions will not be made, makes us all worse off.

    Tracking inflation expectations

    Given the enormous damage that such de-anchoring can cause, and that policy can be enacted more flexibly while expectations remain anchored, the RBA Board is constantly alert for signs that this risk might emerge here in Australia. It does that by tracking a range of inflation expectations measures, including multiple financial market measures, and surveys of households, unions and professional forecasters. That analysis indicates that inflation expectations have not become de-anchored through the current high-inflation experience (Graph 5).

    So we’re not currently concerned that expectations could become de-anchored in the near term. But we do think it’s important that we track how they’re evolving and that we understand how expectations are formed, so we can monitor whether there are any signs of this risk materialising in the future.

    As I’ve already alluded to, there are a number of different groups across the economy, and each plays a part in determining aggregate macroeconomic outcomes. To understand what’s happening to expectations, we therefore need to understand how different groups form their inflation expectations, as they each play critical roles in determining how the economy evolves over time.

    For consumption/savings decisions, households’ own expectations matter the most. For wage bargaining and competition for labour, unions’ and firms’ expectations likely matter most. And when it comes to how inflation expectations feed into long-term interest rates, it’s the financial markets’ expectations that matter.

    In short, given the importance of inflation expectations as a driving force of many economic decisions, we need to understand how all of the different groups across the economy form their inflation expectations so that we can do our best to keep them anchored.

    So today I’m going to discuss some of the latest research in this area, which we have conducted ourselves and in partnership with our colleagues in academia. This includes a Research Discussion Paper that has been released in parallel with this event, which explores some of the points below in more detail – I encourage you all to have a look at my colleagues’ work.

    The presentation I am giving today draws heavily on a presentation at one of the first ‘Policy Issues Meetings’ with RBA Board members earlier this year. As previously highlighted by Governor Bullock, these meetings:

    … assemble a group of staff with the right experience and expertise to give the members insights and diversity of perspectives on the key issues relevant for policy. It will provide analysis of issues that are relevant to a few upcoming [Board] meetings, not just the immediate one.

    These new meetings have been very well received by Board members. They have appreciated the opportunity to explore policy-relevant topics in more depth and to meet with more of the staff that are engaged in the work. In turn, staff have valued the additional engagement with their work, so it’s been a clear win-win.

    For most of this speech, I’ll be focusing on household and union expectations, and mostly on short-term expectations. In the past, how these groups form expectations has been less well-understood, and this is why we’ve focused our latest research here.

    But before turning to unions and households, it is worth mentioning that we have a reasonable understanding of how financial markets form expectations. Financial markets efficiently incorporate signals about the likely future direction of inflation into market prices; by taking active positions that are contingent on economic outcomes, it’s no surprise that market participants keep themselves very well-informed about what’s happening. From these prices, we can discern whether their short- and long-term expectations remain anchored to the RBA’s inflation target.

    To understand how households and unions form their expectations, we’ve collaborated with academic colleagues to develop a very general model approach that we’ve then applied to different data series. The model assumes that some people form their expectations by extrapolating from their previous experience. That is, they assume that their experience of price increases in the past are a good guide for what they’ll experience in the future. The model also assumes that some people build on this and take account of forward-looking information as well. For example, they might expect to see a sharp increase in grocery prices in the future if it’s reported that the harvest has been poor.

    The first iteration of the model was run through to around the middle of the pandemic. The graph shows the fit of the model to actual data. In the grey lines are unions’ one- and two-year-ahead expectations, and households’ one-year-ahead expectations (Graph 6). And then the blue lines are the model estimates of each of these.

    We think the model did a reasonable job over the historical period. Especially for unions, where the model pretty much captured every major wiggle in their expectations.

    We’ve learned a lot from this process, but there are three key insights that I want to highlight:

    1. We estimate that around three-quarters of households and unions form their expectations by extrapolating from their lived experience. That is, they observe what inflation was yesterday and compare it to what they expected. Every time inflation turns out higher than what these people expected, they partially adjust their expectations up.
    2. This extrapolation process happens a lot slower for households than it does for unions. That is, households only adjust their expectations a small amount each time they are surprised. As a result, inflation has to be persistently higher or lower than previously expected for expectations to change significantly.
    3. The remaining one-quarter of unions and households don’t just extrapolate, they incorporate a lot more of the broader economic information available to them (beyond inflation outcomes themselves) to make forward-looking judgements about where inflation is likely to go. In principle, this is similar to the RBA’s forecasting process – we look at past outcomes and forward-looking indicators to assess how we think inflation will evolve from today.

    Of the roughly 25 per cent who take on board additional information, this could come from a number of different sources. To carry on my groceries example from earlier, in 2011 this group might have expected that banana prices would shoot up in the months after Tropical Cyclone Yasi struck northern Queensland, given the reporting of the damage to that year’s crop. Or this group could be looking at economic forecasts – including the RBA’s – to get a sense of where inflation may be heading.

    With this better understanding of how people form their inflation expectations, we can now assess how they have evolved recently, relative to what the models expected they would do.

    Less extrapolation recently could reflect greater attention to inflation or recognition that the recent episode is temporary

    The orange line is the model’s prediction for how inflation expectations would evolve during the recent high-inflation period (Graph 7). While inflation was rising, expectations were evolving in-line with the model’s output. But the model suggested that the turning point in expectations would come later. So expectations are currently lower than our models thought would be the case.

    As best we can tell, the models missed the turning point because unions and households have been extrapolating less from the recent high inflation outcomes. The model attributes part of this to an increase in the share of people who take on board forward-looking information, from around one-quarter to over two-thirds for unions.

    This finding is consistent with a theory known as the ‘rational inattention’ hypothesis. The idea being that when inflation is low and stable, extrapolation from the past provides a reasonably accurate expectation of the future, so it is not worth paying more ‘attention’. Conversely, when inflation does not fit this pattern – for example, in the recent past when it was much higher – extrapolation might provide a poor forecast. So it is ‘rational’ for people to put more effort into thinking about where inflation will head next.

    Another finding from the model is that those who use previous inflation to form their expectations, that is they use yesterday’s experience to guide today, have been adjusting their view more slowly in recent years. A possible reason for this is that some people have seen the recent experience as atypical and so don’t expect it to continue – given the nature of the shocks (the pandemic and then the conflict in Ukraine), it’s easy to understand this. So while this group only use previous inflation outcomes to form their expectations, they do appear to adjust how much weight they put on specific outcomes to take account of broader economic conditions.

    Unfortunately, these are just plausible hypotheses at this point, we don’t have enough evidence to be definitive. If once inflation sustainably returns to the target band expectation formation reverts to how it was before the recent episode, that would provide further evidence in favour of these hypotheses. But more importantly, it would give us comfort that in future inflationary episodes, expectation formation might similarly change in a way that mutes the increase in expectations.

    Another possible explanation is that some more ‘salient’ prices have evolved differently to average prices

    In everything I’ve shown so far, we assume that the price increases that matter most are the ones that people spend most of their money on. Which is exactly how the Consumer Price Index, or CPI, is constructed.

    But that might not be how people extrapolate from what they have previously observed to form their expectations. Our lived experience is that we ‘see’ some prices much more frequently than others, and that some price changes are more noticeable than others.

    Prices that change regularly or that people pay often may be particularly influential when people form their expectations – they’re more visible, and they could be seen as a proxy for what’s happening to all prices across the economy. These are known as salient prices.

    While there are some obvious candidates for prices that may be salient – such as fuel, groceries, rent, and energy prices – determining how salient they are has unfortunately proven difficult.

    The strongest result we have obtained is with respect to petrol and diesel prices – that is, the prices you see changing every day when you drive past a petrol station or fill your car up. For other potentially salient prices, whether or not our models identify them as salient depends on the various other modelling decisions that are made. But for fuel prices, it doesn’t seem to matter what you do to the model, these prices almost always show up as salient.

    Having said all that, allowing for fuel to be a salient price in the model does not significantly change the model’s estimate of inflation expectations most of the time. This occurs because fuel prices are volatile and households learn slowly. So it actually takes an extended period of fuel prices evolving differently to other prices before there would be a meaningful impact on expectations (according to the model).

    But that’s exactly what we have seen in the past few years (Graph 8). From the beginning of 2021 until mid-2022, fuel price inflation was much higher than average price inflation, increasing 61 per cent over this period. But for most of the period since then, fuel price inflation has been around its historical average, while much of the broader consumption basket has continued to experience above-target price inflation.

    So, for household’s expectations, accounting for the salience of fuel prices can at least partially explain why the simpler inflation expectations model presented earlier predicted that short-term inflation expectations would remain higher for longer.

    Conclusion

    To conclude, recent research has improved our understanding of how people form inflation expectations. As a result, we have been able to better analyse how expectations have evolved during the recent high-inflation period. And it’s a good news story with respect to expectations:

    • Short-term expectations appear to be converging towards long-term expectations, and these have remained anchored through the recent past.
    • There’s no evidence of expectations being more persistent than normal.
    • And there’s even some evidence of households and unions extrapolating less from recent inflation, at least during the period of higher inflation.
    • We need to be mindful of certain prices that may be particularly ‘salient’ for households. But such prices work in both directions, and recently have been working to bring expectations down faster.

    References

    Afrouzi H and C Yang (2021), ‘Dynamic Rational Inattention and the Phillips Curve’, CESifo Working Paper No 8840.

    Ampudia M, MJ Lombardi and T Renault (2024), ‘The Wage-price Pass-through Across Sectors: Evidence from the Euro Area’, BIS Working Paper No 1192.

    Anesti N, V Esady and M Naylor (2024), ‘Food Prices Matter Most: Sensitive Household Inflation Expectations’, CFM Discussion Paper Series CFM-DP2024-34.

    Bazzoni E, M Jacob, S Land, M Mijer, J Moulton and S Welchering (2022), ‘European Consumer Pessimism Intensifies in the Face of Rising Prices’, McKinsey & Company, October.

    Beckers B and A Brassil (2022), ‘Inflation Expectations in Australia’, The Australian Economic Review, 55.

    Beckers B, A Clarke, A Gao, M James and R Morgan (2024), ‘Developments in Income and Consumption Across Household Groups’, RBA Bulletin, January.

    Bernanke B (2013), ‘A Century of US Central Banking: Goals, Frameworks, Accountability’, Journal of Economic Perspectives, 27(4).

    Binder CC (2017), ‘Measuring Uncertainty Based on Rounding: New Method and Application to Inflation Expectations’, Journal of Monetary Economics, 90.

    Binder CC (2018), ‘Inflation Expectations and the Price at the Pump’, Journal of Macroeconomics, 58.

    Blinder AS (1982), ‘The Anatomy of Double-Digit Inflation in the 1970s’, in Hall RE (ed), Inflation: Causes and Effects, University of Chicago Press, pp 261–282.

    Borio C, M Lombardi, J Yetman and E Zakrajšek (2023), ‘The Two-regime View of Inflation’, BIS Papers No 113.

    Brassil A, C Gibbs and C Ryan (forthcoming), ‘Boundedly Rational Expectations and the Optimality of Flexible Average Inflation Targeting’, RBA Research Discussion Paper.

    Brassil A, Y Haidari, J Hambur, G Nolan and C Ryan (2024), ‘How Do Households Form Inflation and Wage Expectations?’, RBA Research Discussion Paper No 2024-07.

    Bullock M (2023), ‘A Monetary Policy Fit for the Future’, Australian Business Economists Annual Dinner, Sydney, 22 November.

    Bullock M (2024), ‘The Costs of High Inflation’, Keynote Address to the Anika Foundation Fundraising Lunch, Sydney, 5 September.

    Charm T, JR Saavedra, K Robinson and T Skiles (2022), ‘The Great Uncertainty: US Consumer Confidence and Behavior during Inflationary Times’, McKinsey & Company, August.

    Chin M and L Lin (2023), ‘The Pass-through of Wages to Consumer Prices in the COVID-19 Pandemic: Evidence from Sectoral Data in the U.S.’, IMF Working Paper No 2023/233.

    Chua CL and S Tsiaplias (2024), ‘The Influence of Supermarket Prices on Consumer Inflation Expectations’, Journal of Economic Behavior and Organization, 219.

    Coibion O, Y Gorodnichenko, S Kumar and M Pedemonte (2020), ‘Inflation Expectations as a Policy Tool?’, Journal of International Economics, 124.

    D’Acunto F, U Malmendier, J Ospina and M Weber (2019), ‘Salient Price Changes, Inflation Expectations, and Household Behavior’, June.

    De Fiore F, T Goel, D Igan and R Moessner (2022), ‘Rising Household Inflation Expectations: What are the Communication Challenges for Central Banks?’, BIS Bulletin, No 55.

    Haidari Y and G Nolan (2022), ‘Sentiment, Uncertainty and Households’ Inflation Expectations’, RBA Bulletin, September.

    Hambur J and R Finlay (2018), ‘Affine Endeavour: Estimating a Joint Model of the Nominal and Real Term Structures of Interest Rates in Australia’, RBA Research Discussion Paper No 2018-02.

    Kilian L and X Zhou (2022), ‘Oil Prices, Gasoline Prices, and Inflation Expectations’, Journal of Applied Econometrics, 37(5).

    Maćkowiak B, F Matějka and M Wiederholt (2023), ‘Rational Inattention: A Review’, Journal of Economic Literature, 61(1).

    Moore A (2016), ‘Measures of Inflation Expectations in Australia’, RBA Bulletin, December.

    RBA (2024), ‘Box A: Are Inflation Expectations Anchored?’, Statement on Monetary Policy, August.

    Reiche L and A Meyler (2022), ‘Making Sense of Consumer Inflation Expectations: The Role of Uncertainty’, ECB Working Paper Series No 2642.

    Sims C (2003), ‘Implications of Rational Inattention’, Journal of Monetary Economics, 50(3).

    Suthaharan N and J Bleakley (2022), ‘Wage-price Dynamics in a High-inflation Environment: The International Evidence’, RBA Bulletin, September.

    Wood D, I Chan and B Coates (2023), ‘Inflation and Inequality: How High Inflation Is Affecting Different Australian Households’, Working paper prepared for the RBA Annual Conference, Sydney, 25–26 September.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI: LeddarTech Announces Receipt of US$3.0 Million Following Disbursement of the Second Tranche of the Previously Announced Bridge Financing

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Oct. 15, 2024 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, announced today that the Company received the second tranche of the bridge loans (the “Bridge Loans”) in an aggregate amount of US$3.0 million, which are part of a bridge financing in an aggregate amount of up to US$9.0 million (the “Bridge Financing”) made available to the Company by certain of its principal shareholders, namely FS Investors (“FS”), Investissement Québec (“IQ”) and its senior lender, Fédération des caisses Desjardins du Québec (“Desjardins” and, together with FS and IQ, the “Initial Bridge Lenders”). The principal details of the Bridge Financing were announced by the Company on August 19, 2024.

    As previously announced, the Bridge Financing is comprised of two tranches, with the first tranche of US$6.0 million funded on August 19, 2024. The second tranche of the Bridge Financing, in an amount of up to US$3.0 million, was conditioned on the absence of a default under the Bridge Loans and the receipt by the Company of a commitment from a strategic investor of its intent to invest a minimum amount of US$5.0 million in a subsequent equity capital raise.

    In connection with the Bridge Financing, FS converted US$1.5 million of its existing convertible notes into common shares in the capital of the Company at an above-market conversion price of US$2.00 per share, reducing the convertible note balance by US$1.5 million. The Company also received additional Bridge Loans in an aggregate amount of approximately US$334,000 from certain members of management and the board of directors (collectively, the “Additional Bridge Lenders” and, together with the Initial Bridge Lenders, the “Bridge Lenders”) in accordance with the terms of the Bridge Financing.

    The Bridge Financing constitutes a “related-party transaction” within the meaning of Regulation 61-101 – Protections of Minority Security Holders in Special Transactions (“Regulation 61-101”) as FS, IQ and the Additional Bridge Lenders are all “insiders” of the Company under Canadian securities laws. However, in light of the fact that the Company’s board of directors (the “Board”) have determined that the Company is in serious financial difficulty, the Company is relying on the exemption from the formal valuation and minority shareholder approval requirements contained in Regulation 61-101 on the basis of the “financial hardship” exemption therein.

    After considering and reviewing all of the circumstances currently surrounding the Company and the Bridge Financing, the Board, including all independent members of the Board who are free from interest in the Bridge Financing and unrelated to the Bridge Lenders, acting in good faith, unanimously determined that (i) the Company is in serious financial difficulty, (ii) the Bridge Financing is designed to improve the financial condition of the Company, and (iii) the terms of the Bridge Financing are reasonable in the Company’s circumstances.

    The Bridge Loans have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable State securities laws, and accordingly may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable State securities laws.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sales of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 160 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at http://www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (ii) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may result in significant costs of defense, indemnification and liability; (iii) changes in general economic and/or industry-specific conditions; (iv) possible disruptions from the business combination that could harm LeddarTech’s business; (v) the ability of LeddarTech to retain, attract and hire key personnel; (vi) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties; (vii) potential business uncertainty, including changes to existing business relationships following the business combination that could affect LeddarTech’s financial performance; (viii) legislative, regulatory and economic developments; (ix) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak or escalation of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (x) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xi) LeddarTech’s ability to execute its business model, achieve design wins and generate meaningful revenue; and (xii) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”) and on the Company’s SEDAR+ profile at http://www.sedarplus.ca, including the risk factors contained in LeddarTech’s Annual Report on Form 20-F for the fiscal year ended September 30, 2023. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Holdings Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: Polis Administration Celebrates Nation-Leading Electric Vehicle Incentives and Low-Cost EV Options for Coloradans

    Source: US State of Colorado

    AURORA – Governor Polis and Electric Vehicle (EV) industry leaders gathered at Tynan’s Nissan in Aurora today to celebrate some of the lowest EV costs in the country. The Governor was joined by Colorado Energy Office Executive Director Will Toor and Director of Sales at Tynan’s Nissan Markus Kamm. Propelled by Colorado’s nation-leading electric vehicle incentive opportunities, consumers throughout the state are able to drive off a dealer’s lot at lease prices starting at as little as $19 per month for a Nissan LEAF – often with no down payment other than taxes and fees. Currently, Colorado EV buyers may qualify for up to $26,500 in savings on a new EV purchase or lease. 

    “Now more Coloradans can save money on electric vehicles. These low-cost and great-to-drive options are an incredible deal for Coloradans and we are excited to see so many people taking advantage of them. More than 22% of new cars sold in Colorado are electric and we know deals like this will continue to push that number even higher,” said Governor Jared Polis. 

    Widespread EV adoption is an important strategy to achieve Colorado’s climate goals and protect our air. The state is well on its way to meeting its ambitious target of 940,000 EVs on Colorado roads by 2030, with EVs already making up more than 22% of new car sales during the most recently reported quarter. 

    “More than ever, transitioning to an EV is a win-win proposition that every Coloradan should consider,” said CEO Executive Director Will Toor. “Beyond getting incredible deals on EVs and saving even more money with lower fuel and maintenance costs, switching to an electric vehicle makes a big difference in improving air quality and cutting climate-harming greenhouse gas emissions. We are making really important progress in reaching our EV goals and are grateful to manufacturers and dealers who are helping in ensuring there are affordable opportunities for buyers across the state.” 

    All Coloradans are currently eligible for a $5,000 state tax credit for purchasing or leasing a new EV (battery electric and plug-in hybrid electric) with a manufacturer’s suggested retail price (MSRP) under $80,000, and an additional $2,500 for EVs with an MSRP under $35,000. The $5,000 state tax credit is available through the end of this year, before decreasing to $3,500 starting in 2025. 

    Income-qualified Coloradans exchanging an eligible old or high-emitting vehicle can also take advantage of a $6,000 rebate through the Vehicle Exchange Colorado program for a new EV purchase or lease and a $4,000 rebate for a used EV purchase or lease. 

    In addition, Coloradans may be eligible for a $7,500 federal tax credit for a new EV lease, and for the purchase of certain EV models that meet specific manufacturing requirements. A $4,000 federal tax credit is available for used EV purchases and leases. Xcel Energy also offers EV rebates for income-qualified customers, totaling $5,500 for new EV purchases and leases and $3,000 for used vehicles. 

    In addition to prices starting at as little as $19 per month for a Nissan LEAF, for $99 per month, Coloradans can lease a Kia Niro from Fort Collins Kia or a Hyundai Ioniq 5 from Schomp Hyundai. These are just a few more of the great deals around Colorado. 

    Coloradans can check with a local dealership to see what offers are available. Coloradans can learn more about electric vehicles and available incentives on the EV CO website. 

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    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Australia: Fatal crash – Wickham Point

    Source: Northern Territory Police and Fire Services

    Northern Territory Police are investigating a fatal crash that occurred in Wickham Point overnight.

    Just before 5am, the Joint Emergency Services Communications Centre received a report of a single vehicle rollover on Channel Island Road.

    Police and St John Ambulance responded to the scene, where they found a deceased female, aged 29, inside the vehicle. She was the sole occupant.

    Major Crash Detectives have arrived at the scene and are currently investigating. A crime scene has been established, and one lane of the road is open, although traffic delays are likely.

    The time and circumstances surrounding the crash remain under examination.

    The number of lives lost on NT roads this year has reached 51, compared to 21 at the same time last year.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Security: Repeat Offender Sentenced to 10 Years in Prison for Illegally Possessing Ammunition

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

    FRESNO, Calif. — Jamar Johnson, 30, of Fresno, was sentenced today by U.S. District Judge Jennifer L. Thurston to 10 years in prison for being a felon in possession of ammunition, U.S. Attorney Phillip A. Talbert announced.

    According to court documents, on Dec. 8, 2019, a shooting occurred at the ARCO station at Fresno and C Streets in Fresno. During the incident, Johnson drove his silver Mercedes in the ARCO lot and fired a handgun at another vehicle. After the Johnson left the area, a cellphone belonging to Johnson was found in the parking lot where the Mercedes had been parked along with .45 caliber shell casings.

    The judge noted a number of factors supporting the sentence, including this being Johnson’s third firearms-related conviction, each of the firearms-related convictions involving Johnson discharging a firearm, Johnson’s history of violating the terms of his supervision, and continued risky behavior that put the community in danger. At the time of this offense, Johnson was on federal supervised release for a federal conviction for conspiracy to engage in the business of dealing firearms without a license and being a felon in possession of a firearm. He violated the terms of his supervised release on that conviction within 71 days of commencing supervision.

    This case was the product of an investigation by the Fresno Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Assistant U.S. Attorney Kimberly A. Sanchez prosecuted the case.

    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 U.S. Department of Justice 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 –

    January 23, 2025
  • MIL-OSI New Zealand: Privacy and employee snooping: The greatest threat in the workplace could be sitting next to you

    Source: New Zealand Privacy Commissioner – Blog

    Originally published on the New Zealand Herald 3 October 2024.

    Beware the risk within

    By Michael Webster, Privacy Commissioner

    One of the greatest risks to privacy in the workplace could be sitting next to you – or it could even be you.

    Employee browsing or the unauthorised access and misuse of personal information is one of the most common privacy breaches. I also believe it’s one of the least understood or reported on, as required by the Privacy Act.

    New Zealand is a small place and there’s a good chance a familiar name will crop up in a database or on a file at work and it can prove very tempting to have a look.

    However, a sneaky peek isn’t a harmless case of nosiness; it’s inappropriate and can be a breach of the principles underpinning the Privacy Act. In the cases I see it can have potentially serious consequences such as harassment and blackmail.

    In one example, a person in a position of power looked up the details of a colleague’s partner then used their position to repeatedly sexually harass them via text message. The victim felt intimidated, scared, and fearful in their own home so contacted our Office.

    In some circumstances employees look up information and then pass it on for the explicit purpose of causing harm – for example, finding the address of someone who owns expensive assets to be targeted for a burglary.

    In other examples they do it because they think they’re helping a friend when they’re acting illegally. Like the employee working for a counsellor who had a friend in a custody dispute with their ex-partner. The employee looked up information about the wellbeing of their friend’s ex-partner and shared it with their friend who then used it in their custody dispute hearing.

    Sometimes the temptation to ‘just have a quick look’ is a powerful force but employees need to be stronger. One story I’ve see was from a clinic doing STI and HIV testing. A new employee was being trained and decided to look up their own records while their trainer was in the room with them. That’s fine, it’s their information. However, when the trainer left the room, the new employee took the opportunity to look up the names of their ex-partner, current partner, and best friend – all in breach of the Privacy Act.

    The Privacy Act protects the personal information of all New Zealanders, which means that as well as employees not snooping, we need managers and owners to be informing their staff that it’s wrong to snoop, and to act when it’s found out.

    There’s a lot of information about us held in various databases, including contact details, bank accounts and financial records, and copies of identity documents. This material needs to be protected from internal threats from staff as well as external threats from third parties.

    Employers have a responsibility to secure databases and to limit access only to the staff that need that information to do their job. Employers also have a responsibility to recognise the potential for serious harm if staff are misusing their access privileges.

    The bottom line is organisations have an obligation to prevent their employees from inappropriately accessing and/or disclosing customer information. 

    Building privacy safeguards into your databases enables you to have access controls in place to protect personal information, ideally supported by audit logs so you can monitor who’s doing what and follow up on any unusual activity.

    Significant personal information is held in various databases across New Zealand. A good example is around driver licences and car registration details. Businesses and organisations like insurance providers, vehicle importers, or sellers can be granted access to the motor vehicle register for lawful purposes. However, when staff at those types of agencies access the database for their own reasons or interests then it’s a problem, which often leads to employee dismissal as well as the agency needing to report a privacy breach.

    Businesses have an obligation to ensure their staff have privacy training and a general awareness about the risks of employee browsing. They also need to take steps to make sure staff know they can only access information for work purposes.

    This can be reinforced by having clear policies about employee browsing in your agency’s code of conduct, including consequences for being caught inappropriately accessing personal information about customers and clients.

    Staff access to personal information comes with serious accountabilities about appropriate and lawful behaviour. We all need to treat it with respect. Organisations need to ensure there are consequences for employee browsing and treat any breaches of trust as serious compliance incidents.

    Back

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-OSI New Zealand: Overnight southbound closures of SH1 Western Hills Drive from Thursday

    Source: New Zealand Transport Agency

    NZ Transport Agency Waka Kotahi (NZTA) advises the southbound lane of State Highway 1 Western Hills Drive will be closed overnight between Kensington Ave and Central Ave for road resurfacing from this Thursday (17 October).

    Due to the narrow width of the road, we need to close the southbound lanes to ensure there is enough room for construction vehicles and large machinery.

    Works will take place overnight between 9pm and 5am on Thursday 17 October, Sunday 20 October and Monday 21 October. Outside work hours the road will be fully open with a 30km/h temporary speed limit in place. No works will take place on Friday (18 October) and Saturday (19 October) nights.

    There will be a signposted detour in place for southbound traffic via Kensington Ave, Kamo Road, Bank St, Water St and Central Ave. The detour is expected to add approximately five minutes to southbound journeys.

    Important note for Heavy Vehicles (HPMV)

    The detour route is not approved for HPMV. HPMV will be parked and grouped together, and escorted through the closure approximately every 20 minutes, as required.

    Emergency services and residents will be accommodated at all times. 

    Please take care when travelling through our work sites and watch out for our crews as they undertake important work to improve our roads. Reduce your speed, adhere to the temporary speed limits and follow the directions of traffic management staff and signs.

    NZTA thanks everyone for their patience while we complete these important works.

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-OSI USA: Governor Cooper Surveys Storm Damage in Buncombe County as Resources Continue to Surge into Western North Carolina During Unprecedented Response to Hurricane Helene

    Source: US State of North Carolina

    Headline: Governor Cooper Surveys Storm Damage in Buncombe County as Resources Continue to Surge into Western North Carolina During Unprecedented Response to Hurricane Helene

    Governor Cooper Surveys Storm Damage in Buncombe County as Resources Continue to Surge into Western North Carolina During Unprecedented Response to Hurricane Helene
    mseets
    Tue, 10/15/2024 – 17:42

    North Carolina’s unprecedented response to the impacts of Hurricane Helene in Western North Carolina remains in full force as responders at the state, federal and local levels continue efforts to surge resources and bring assistance into affected areas. This morning, Governor Cooper was joined by FEMA Administrator Deanne Criswell and other state officials for a press briefing regarding storm recovery efforts. This afternoon, Governor Cooper traveled to Buncombe County to survey storm damage, see relief efforts, thank volunteers and speak with people impacted by the storm.

    Law enforcement is working to ensure the safety of responders amid reports of threats and misinformation. FEMA officials remain in communities and have resumed door-to-door operations to help people impacted by these storms recover as quickly as possible following reports of threats on the ground. Governor Roy Cooper has directed the Department of Public Safety to work with local law enforcement to identify specific threats and rumors and coordinate with FEMA and other partners to ensure the safety and security of all involved as this recovery effort continues.

    “Today I traveled to Asheville, Fairview and Swannanoa to see the critical work being done to get people federal assistance, hot meals and other resources they need as they deal with the impacts of Hurricane Helene,” said Governor Cooper. “I’m thankful for our law enforcement officers, first responders, volunteers and many others who are helping people in need.”

    The Governor visited a Disaster Recovery Center operating at A.C. Reynolds High School in Asheville where those affected by the storm can get assistance from FEMA and the Small Business Administration. The Governor also visited the Fairview Fire Department, which sustained major flooding and damage from the storm. Lastly, the Governor visited a Community Care Station in Swannanoa providing resources and hot meals to community members and emergency responders.

    Governor Cooper also issued an executive order today focused on addressing urgent needs related to drinking water and wastewater treatment in those counties impacted by Hurricane Helene. The Council of State concurred in a provision of the Order which allows the North Carolina Division of Water Resources to accelerate the timelines for repair to numerous facilities and other infrastructure damaged by Helene to ensure that impacted North Carolinians are able to obtain access to safe drinking water and wastewater treatment as soon as possible.

    The Order also directs NCDEQ to address the impacts of Helene on utility systems in the impacted areas. Specifically, the Order directs NCDEQ to assess the impacts of Helene across the impacted region, provide technical and financial support for drinking water systems, wastewater treatment facilities, and other infrastructure sites, and also to help expedite clean-up processes.

    In the immediate aftermath of this storm, because of massive communication outages in Western North Carolina, many people called 2-1-1 to report friends or family they couldn’t get in touch with. When phone service began to return, many people located their loved ones but that information doesn’t usually make it back to 2-1-1.

    The Department of Public Safety formed a task force to find who is still unaccounted for and focus efforts where needed. This is not a definitive count because the task force is continuing its work. This number will continue to fluctuate as more reports come in and others are resolved. As of today, the task force number of unaccounted for people is 92.

    North Carolina National Guard and Military Response

    Approximately 3,400 Soldiers and Airmen are working in Western North Carolina. Joint Task Force- North Carolina, the task force led by the North Carolina National Guard is made up of Soldiers and Airmen from 12 different states, two different XVIII Airborne Corps units from Ft. Liberty, a unit from Ft. Campbell’s 101st Airborne Division, and numerous civilian entities are working side-by-side to get the much-needed help to people in Western North Carolina.

    National Guard and military personnel are operating 11 aviation assets and approximately 1,200 specialized vehicles in Western North Carolina to facilitate these missions. The U.S. Army Corps of Engineers is helping to assess water and wastewater plants and dams. Residents can track the status of the public water supply in their area through this website.

    FEMA Assistance

    More than $99 million in FEMA Individual Assistance funds have been paid so far to Western North Carolina disaster survivors and more than 174,000 people have registered for Individual Assistance. More than 1,900 households are now housed in hotels through FEMA’s Transitional Sheltering Assistance.

    1,200+ FEMA staff are in the state to help with the Western North Carolina relief effort. In addition to search and rescue and providing commodities, they are meeting with disaster survivors in shelters and neighborhoods to provide rapid access to relief resources. They can be identified by their FEMA logo apparel and federal government identification.

    The Major Disaster Declaration requested by Governor Cooper and granted by President Biden now includes 27 North Carolina counties (Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, Wilkes and Yancey) and the Eastern Band of Cherokee Indians.

    North Carolinians can apply for Individual Assistance by calling 1-800-621-3362 from 7am to 11pm daily or by visiting www.disasterassistance.gov, or by downloading the FEMA app. FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs.

    Help from Other States

    More than 1,500 responders from 38 state and local agencies have performed 140 missions supporting the response and recovery efforts through the Emergency Management Assistance Compact (EMAC). This includes public health nurses, emergency management teams supporting local governments, veterinarians, teams with search dogs and more.

    Beware of Misinformation

    North Carolina Emergency Management and local officials are cautioning the public about false Helene reports and misinformation being shared on social media. NCEM has launched a fact versus rumor response webpage to provide factual information in the wake of this storm. FEMA also has a rumor response webpage.

    Efforts continue to provide food, water and basic necessities to residents in affected communities, using both ground resources and air drops from the NC National Guard. Food, water and commodity points of distribution are open throughout Western North Carolina. For information on these sites in your community, visit your local emergency management and local government social media and websites or visit ncdps.gov/Helene.

    Storm Damage Cleanup

    If your home has damages and you need assistance with clean up, please call Crisis Cleanup for access to volunteer organizations that can assist you at 844-965-1386.

    Power Outages

    Across Western North Carolina, approximately 12,500 customers remain without power, down from a peak of more than 1 million. Overall power outage numbers will fluctuate up and down as power crews temporarily take circuits or substations offline to make repairs and restore additional customers.

    Road Closures

    Some roads are closed because they are too damaged and dangerous to travel. Other roads still need to be reserved for essential traffic like utility vehicles, construction equipment and supply trucks. However, some parts of the area are open and ready to welcome visitors which is critical for the revival of Western North Carolina’s economy. If you are considering a visit to the area, consult DriveNC.gov for open roads and reach out to the community and businesses you want to visit to see if they are welcoming visitors back yet.

    NCDOT currently has approximately 2,100 employees and 1,100 pieces of equipment working on approximately 6,700 damaged road sites.

    Fatalities

    Ninety-five storm-related deaths have been confirmed in North Carolina by the Office of Chief Medical Examiner. This number is expected to rise over the coming days. The North Carolina Office of the Chief Medical Examiner will continue to confirm numbers twice daily. If you have an emergency or believe that someone is in danger, please call 911.

    Volunteers and Donations

    If you would like to donate to the North Carolina Disaster Relief Fund, visit nc.gov/donate. Donations will help to support local nonprofits working on the ground.

    For information on volunteer opportunities, please visit nc.gov/volunteernc

    Additional Assistance

    There is no right or wrong way to feel in response to the trauma of a hurricane. If you have been impacted by the storm and need someone to talk to, call or text the Disaster Distress Helpline at 1-800-985-5990. Help is also available to anyone, anytime in English or Spanish through a call, text or chat to 988. Learn more at 988Lifeline.org.

    If you are seeking a representative from the North Carolina Joint Information Center, please email ncempio@ncdps.gov or call 919-825-2599.

    For general information, access to resources, or answers to frequently asked questions, please visit ncdps.gov/helene.

    If you are seeking information on resources for recovery help for a resident impacted from the storm, please email IArecovery@ncdps.gov.

    ###

    Oct 15, 2024

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Europe: New total defence resolution for a stronger Sweden

    Source: Government of Sweden

    The Government has now presented a Total Defence Bill for the period 2025–2030. It includes substantial reinforcements of the total defence. Additional funding totalling SEK 170 billion will be allocated to the military defence and SEK 35.7 to the civil defence through 2030. These are historically large investments. Defence expenditures will therefore already reach 2.6 per cent of GDP in 2028.

    Substantial reinforcement of capabilities within the total defence 

    Russia’s brutal war of aggression against Ukraine illustrates the destruction and strains that Sweden and its Allies could face. Russia is levelling cities, attacking civilian infrastructure and treating the civilian population like  legitimate targets. The Swedish Government is now building up total defence capabilities to meet these threats. 

    The Government also intends to increase funding to the military defence and the civil defence to increase total defence capabilities so that Sweden can meet various threats such as cyberattacks and hybrid attacks. This involves working systematically to break down barriers to growth within the total defence. The Government’s aim and approach is to accelerate the pace of rearmament. Where the defence resolutions of 2015 and 2020 provided a skeletal framework, the Government’s aim with the 2024 Defence Resolution is to lend the total defence some muscles. 

    Military defence

    “This is a powerful Defence Resolution that will give the total defence more strength and better balance. Now the efforts to step up the pace of the defence’s growth continue,” says Minister for Defence Pål Jonson. 

    The Government’s strategic approach for the military defence is to rapidly build up military capability and establish military units with the necessary materiel, personnel and coordinated training to meet the demands of the current geopolitical situation. This is in line with Sweden’s ambition of being a credible, reliable and loyal Ally. Four new brigades will be in place by 2030. The number of conscripts will increase to 10 000 by 2030, and then reach approximately 12 000 between 2032 and 2035. The number of refresher training sessions will be increased to maintain skills.  

    The war organisation’s capability will be enhanced during this defence resolution period. Greater resources will be invested in renovating, modifying and extending the service life of existing materiel and filling stockpiles of ammunition, anti-aircraft munitions and supplies. New capabilities are also being introduced, including long-range capability in the form of cruise missiles, anti-ship missiles and rocket artillery.

    NATO Capability Targets

    Fighting units are the basis of Sweden’s contribution to NATO deterrence and collective defence. The NATO Capability Targets already apportioned and those expected in 2025 serve as an important starting point for shaping the Swedish war organisation. The war organisation under this Defence Resolution is line with the requirements that we are expected to meet. 

    Reinforcements for the Army

    • Supplementary purchases (updates) of combat vehicles and tanks are being made.
    • An increase of anti-aircraft capability is in progress.
    • Development of rocket artillery capability will begin. 
    • More drones are being procured.
    • Continued additions of the previously ordered 72 Archer artillery systems.

    Reinforcements for the Navy

    • An investment in the Navy is taking place in the form of increased funding to increase personnel volume. Visby-class corvettes are undergoing a mid-term modification during this defence resolution period and, in conjunction with this modification, the five surface combat vessels will be armed with anti-aircraft missile systems. 
    • In addition, the coastal missile capability will be expanded and organised into two units to increase both availability and durability. The units armed with anti-ship missiles are an important complement for protection of the Baltic Sea.
    • Procurement of new Luleå-class surface combat vessels will begin in the period 2025–2030. Once delivered, those vessels will give the Navy increased capability and capacity, and make a significant contribution to anti-aircraft capabilities.

    Reinforcements for the Air Force

    • Three qualified S106 Globaleye reconnaissance planes will be procured for the Air Force during this defence resolution period.
    • Introduction of JAS Gripen 39E fighter aircraft begins in late 2024 and continues to be introduced in the armed forces during the period 2025-2030. 
    • Additional Black Hawk HK16 utility helicopters will be procured.
    • Additional SK 50 (Grob) basic trainer aircraft will be procured.
    • The Defence Resolution accelerates Sweden’s incorporation into NATO’s Integrated Air and Missile Defence (IAMD), which consists of necessary measures for deterrence or to nullify or reduce threats from the air domain. This will be achieved in part by incorporating Sweden into a system of integrated NATO and national sensor, command and control assets.

    Reinforcement of digitalisation, innovation and research

    The Government’s proposals also include a specific focus on materiel, defence innovation and research and development aimed at producing new capabilities and ensuring self-supply. 

    • By 2027, the appropriation for technological development, research innovation and defence research (appropriation 1:4) will increase by more than 50 per cent to just over SEK 1.6 billion.
    • NATO membership also entails requirements of greater interoperability with Allies within NATO. The Government therefore proposes that the war organisation be expanded in certain parts of command and logistics and that a new category of units designated for territorial duties be introduced.
    • The Government is also enhancing Sweden’s role as a credible space actor. This will be made possible through participation in various initiatives such as space-based reconnaissance and surveillance, responsive launching and satellite communications in the Arctic region.
    • Digitalisation will be carried out within command and intelligence functions and a reinforcement of defensive and offensive cyberoperations capabilities. 

    Civil defence

    Enhanced capabilities and an accelerated pace are priorities for developing the civil defence. The Total Defence Bill outlines a historically large investment in the civil defence through an allocation of SEK 37.5 billion through 2030. 

    “With the Defence Resolution in place, the course has now been set for a to build a powerful total defence. The civil defence will be built up based on the demands of war, and we aim to swiftly build up capabilities that strengthen Sweden and make our country more secure,” says Minister for Civil Defence Carl-Oskar Bohlin. 

    The introduction of the economic planning framework will serve as an important foundation for funding of the civil defence. The aim is to bring predictability, endurance and transparency to the strategic approach of the civil defence, and an ability to better prioritise and follow up results of the measures taken.

    Priority preparedness sectors

    All preparedness sectors in the civil defence will receive additional funding during the period 2025–2030. Society’s functionality is vital for the Swedish Armed Forces to be able to carry out its duties. Some preparedness sectors have therefore been given special priority. These include electronic communications and postal services, food supply and drinking water, health and social care, transport, energy supply, rescue services and protection of the civilian population. 

    Coordination and command of the civil defence  

    The Total Defence Bill highlights the need to strengthen command and coordination of the civil defence.

    The Swedish Civil Contingencies Agency currently has far-ranging tasks and responsibilities, which is why the Government sees a need to enable it to better provide support for the coordination of the civil defence at national level. The Government therefore intends to review responsibilities for rescue services and protection of the civilian population. The name of the Swedish Civil Contingencies Agency will also be reviewed.

    Command of the civil defence during heightened alert and ultimately war should be exercised by actors with geographical areas of responsibility. This requires a clear allocation of responsibilities and mandates at the relevant levels. The Bill stresses that the county administrative boards with responsibility for civil areas and government agencies with responsibility for sectors need clearer roles and stronger mandates. 

    Economic defence and cooperation with the business sector

    Sweden’s economic defence needs to be strengthened and central government needs to be clear about what requirements will be placed on the business sector and what its role is in the total defence. In war or under threat of war, it is critical that production and supply chains are durable, the business sector has the capacity to adapt its production, and stockpiles of essential goods – including input goods – are available. The Government intends to clarify government agencies’ responsibilities concerning the supply of critical goods and services for the needs of the total defence and for foreign trade.

    Psychological defence and will to defend

    Psychological defence is an important component of a strong total defence. Strengthening and maintaining the population’s will to defend itself is a core task of the psychological defence. Proactive and continuous work is needed throughout the defence resolution period to preserve and reinforce the population’s will to defend itself, resilience and personal preparedness. As an Ally, Sweden will also contribute to NATO’s capability to defend against cognitive warfare. 

    Cybersecurity 

    Cybersecurity is another important pillar of the modern civil defence. Essential public services need to have the capacity to withstand cyberattacks, and information security and cybersecurity must therefore be prioritised. With a new national cybersecurity centre and extensive investments, the Government is enhancing protection against increasingly pervasive cyberthreats.

    Sweden’s resilience as part of NATO deterrence 

    The resilience being built up by reinforcing the civil defence is vital not only to Sweden’s security, but also to that of our Allies in NATO. Society’s resilience thus becomes part of NATO’s collective deterrence and defence.

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI: CECO Environmental to Release Third Quarter Earnings and Host Conference Call on October 29

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 15, 2024 (GLOBE NEWSWIRE) — CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced that it will report its third quarter 2024 financial results on October 29, 2024, premarket. The Company will also host its earnings call starting at 8:30 a.m. Eastern Time (7:30 a.m. CT). The Company’s financial results and presentation will be posted on its website at http://www.cecoenviro.com.

    The details for the webcast are:

    When: Tuesday, October 29 at 8:30 a.m. Eastern Time

    Where: https://edge.media-server.com/mmc/p/4ui844vi

    How: Live over the internet – Simply log on to the web at the address above

    Register to receive the dial-in info and a unique pin:
    https://register.vevent.com/register/BI76b0c5bac3f448b6b1a734e15bff87ec

    A replay of the conference call will be available on the Company’s website shortly after the live webcast has concluded.

    ABOUT CECO ENVIRONMENTAL
    CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water, and energy transition markets across the globe through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol “CECO.” Incorporated in 1966, CECO’s global headquarters is in Dallas, Texas. For more information, please visit http://www.cecoenviro.com.

    Company Contact:
    Peter Johansson
    Chief Financial and Strategy Officer
    888-990-6670

    Investor Relations Contact:
    Steven Hooser and Jean Marie Young
    Three Part Advisors
    214-872-2710
    Investor.Relations@OneCECO.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI Translation: 14/10/2024 The government adopted a draft act amending the Act on Agricultural Tax, the Act on Local Taxes and Fees and the Act on Stamp Duty

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    The government has adopted a draft act amending the Act on Agricultural Tax, the Act on Local Taxes and Fees and the Act on Stamp Duty14/10/2024

    The Council of Ministers has adopted the draft act submitted by the Minister of Finance amending the Act on Agricultural Tax, the Act on Local Taxes and Fees and the Act on Stamp Duty. The aim of the draft is primarily to ensure uniform principles for taxing garages in residential buildings and to introduce a comprehensive definition of a building and structure into the Act on Local Taxes and Fees. Key solutions Unification of the principles for taxing garages in residential buildings with property tax. All rooms intended for storing vehicles in residential buildings (not occupied for business activities) will be taxed as apartments. Clarified definitions of “building” and “structure” for the purposes of property tax. The lack of reference in the definitions of “building” and “structure” to construction law will ensure increased certainty of tax law, which will no longer be directly affected by changes in construction law. The draft contains a closed list of structures subject to taxation. At the same time, the catalogue of construction equipment subject to taxation has been narrowed down to only those that are directly related to a building or structure and necessary for their use in accordance with the e-designation. So-called small architectural objects will remain outside taxation. Extension until 31 March 2025 of the possibility of submitting a property tax return by entrepreneurs, to give them time to adapt to the proposed changes. Abolition of the application procedure for granting subject exemptions in the agricultural tax (e.g. for research institutes), which will be applied by operation of law – in order to eliminate unnecessary bureaucracy. Tightening the collection of the spa fee. Municipal councils have been granted the right to impose on collectors of the spa fee the obligation to keep records of persons who will be required to pay this fee, which will enable control over the reliable fulfillment of the obligation to collect this fee. Determination of the jurisdiction of the tax authority in the matter of the stamp duty on a power of attorney submitted in electronic form (for example in the e-Tax Office). The proposed regulations are to enter into force on 1 January 2025.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    January 23, 2025
  • MIL-OSI USA: Global refinery margins fall to multiyear seasonal lows in September

    Source: US Energy Information Administration

    In-brief analysis

    October 15, 2024

    Data source: Bloomberg L.P.
    Note: The 3:2:1 crack spread is an indicator of refining margins, the short-term profit margin for oil refineries, which generally produce about 2 barrels of gasoline for every 1 barrel of distillate fuel oil. To estimate the refinery crack spreads, regional crude oil benchmarks were used (Brent for New York, Los Angeles, and ARA; Light Louisiana Sweet for the U.S. Gulf Coast; West Texas Intermediate for Chicago; and Dubai for Singapore). ARA=Amsterdam-Rotterdam-Antwerp

    Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as global refining capacity increases.

    Global refinery margins, measured by the 3:2:1 crack spread, have been less than their five-year (2019–23) averages since the spring and dropped even more in the late summer and early fall. The 3:2:1 crack spread is calculated by subtracting the price of 3 barrels of crude oil from the price of 2 barrels of gasoline and 1 barrel of distillate. This year, the September monthly average refinery margin fell to its lowest for the month since 2020, when there was significantly less transportation fuel demand because of pandemic-related reductions in travel.

    The recent drop in refinery margins is a departure from the past two years. Following the lows in 2020, decreases in U.S. refinery capacity and recovering petroleum product demand supported stronger U.S. refinery margins. This trend was particularly true on the West Coast, where several refineries closed or converted operations to renewable diesel in response to its increasing use in the region.

    Refinery margins have fallen in part because of relatively weak demand for petroleum products, particularly distillate fuel oil. In 2024, U.S. product supplied of distillate fuel oil (the proxy we use for consumption) averaged 6% less than in 2023 and 8% than in 2019 from June through September, mostly due to declining manufacturing activity and the increasing use of biofuels in place of conventional, petroleum-based diesel fuels on the West Coast. Gasoline and jet fuel consumption were slightly below 2023 levels for the same months, and they both remain 6% below 2019 levels.


    Outside of the United States, petroleum product demand has been weak due to slowing economic activity in China and Europe. In addition, increasing adoption of electric vehicles, biofuels, and liquefied natural gas use in trucking is steadily reducing petroleum fuel consumption across much of Asia and Europe. Refinery margins have also been under pressure due to new refining capacity abroad. Kuwait’s 615,000-barrel-per-day (b/d) Al-Zour refinery reached full refining capacity early in 2024, Oman’s 230,000-b/d Duqm refinery has begun operations, and Nigeria’s 650,000-b/d Dangote refinery has been ramping up refining activity. In response to low refinery margins, some global refiners have reduced refinery runs, and some in Europe have announced plans to close or reduce capacity. Although planned before the recent decline in refinery margins, LyondellBasell plans to close its 264,000-b/d refinery in Houston, Texas, by the first quarter of 2025.

    Principal contributor: Jimmy Troderman

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: CECO Environmental Upsizes Credit Facility to $400 Million

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 15, 2024 (GLOBE NEWSWIRE) — CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, has announced a significant upsize in the form of an amendment and restatement of its credit facility, increasing it to a $400 million senior secured revolving credit facility. This expansion from the existing $246 million aggregate capacity underscores CECO’s strategic commitment to strengthening its financial resources in pursuit of both organic and inorganic growth.

    The expanded credit facility comes with a five-year term and an option to increase the facility by $125 million. This move enables CECO with additional resources to efficiently fund potential opportunities and expand its footprint in global markets.

    Peter Johansson, CECO’s Chief Financial and Strategy Officer, emphasized the strategic importance of this expanded credit facility, noting, “This move not only provides us with greater financial agility but also reinforces our commitment to executing our growth plans effectively. With the backing of our committed financial partners, we are well-equipped to adapt to the evolving industry landscape and seize emerging opportunities.”

    Bank of America, N.A. is the Administrative Agent; BofA Securities, Inc. and TD Securities are the Joint Lead Arrangers, and The Toronto-Dominion Bank, New York Branch, Citibank, N.A., Fifth Third Bank, N.A. and JPMorgan Chase Bank, N.A. are Co-Syndication Agents. 

    ABOUT CECO ENVIRONMENTAL
    CECO Environmental is a leading environmentally focused, diversified industrial company, serving the broad landscape of industrial air, industrial water and energy transition markets across the global through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide customer solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol “CECO.” Incorporated in 1966, CECO’s global headquarters is in Dallas, Texas. For more information, please visit http://www.cecoenviro.com.

    Company Contact:
    Peter Johansson
    Chief Financial and Strategy Officer
    888-990-6670
    investor.relations@onececo.com

    Investor Relations Contact:
    Steven Hooser and Jean Marie Young
    Three Part Advisors, LLC
    214-872-2710
    investor.relations@onececo.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI United Kingdom: Attorney General’s 2024 Bingham Lecture on the rule of law

    Source: United Kingdom – Executive Government & Departments

    On 14 October 2024, the Attorney General Lord Hermer KC delivered the 2024 Bingham Lecture titled ‘The Rule of Law in an Age of Populism’.

    Location:
    The Honourable Society of Gray’s Inn
    Delivered on:
    14 October 2024 (Original script, may differ from delivered version)

    Opening remarks

    Thank you Helena for that introduction.  It is a particular privilege to be introduced by a friend who I admire and respect so much and by someone who has spent a lifetime promoting the rule of law and protecting human rights.      

    Thank you also to the Bingham Centre for inviting me to speak to you this evening.

    For nearly fifteen years, the Bingham Centre has been an essential voice for the advancement of rule of law values at home and abroad. Its work to promote a better understanding of the rule of law and to help build the capacity to give it practical effect, has never been more vital than it is today.

    It is a record of which Tom Bingham, in whose name I am honoured to give this lecture, would surely have been proud. It is wonderful to see so many of his family here tonight, Lady Bingham, Dame Kate, Kit and Mary.

    Lord Bingham’s judicial and non-judicial writing, his stature as one of the great postwar judges, has been an inspiration for generations of lawyers, myself very much included.  I had the privilege of appearing in front of Lord Bingham as a junior in a series of interesting cases before the House of Lords in which I was led by a promising young silk called Keir Starmer. 

    But like many in this audience I also felt a personal tie to Tom Bingham.  I applied for silk in 2009 and Lord Bingham was one of my referees but sadly my father, who was a lawyer, died shortly before my appointment.  My sense of loss at not being able to share the news with my dad was softened by the fact that before he died I was able to show him a letter that Lord Bingham had written to me.  The letter was filled with the warmth and support that many who knew Tom Bingham will recognise. Thus I will always feel a very personal debt of gratitude to him for the joy and pride that his letter gave to my dad.   

    It was in his cogent and elegant account of the rule of law that Tom Bingham encapsulated in his eight principles.  Such was the authority and clarity of his analysis that the principles are now a necessary reference point for any discussion (or indeed speech) on the subject.

    As Sir Jeffrey Jowell put it when he spoke at the launch of this Centre back in December 2010:

    Tear open the Bingham package of requirements for the rule of law and, as each of his ingredients falls away, we progressively observe the stark outlines of tyranny- at worst; or authoritarianism – at best.

    That remark has a particular resonance today. And what better illustration of the enduring contribution of that book could there be than the sight, earlier this year, of its Ukrainian translation being launched in Kyiv, on the frontline of the ongoing struggle for democratic, rules-based values.

    Introduction: setting the scene, and the challenge

    As that scene attests, we are living through uncertain and challenging times, with threats to the rule of law on a number of fronts.

    This evening, I would like to talk about the necessary response to these challenges, through restoration of our reputation as a country that upholds the rule of law at every turn and by embedding resilience to rebuff the populist challenge. 

    Restoration and resilience.  I’m going to begin by setting out the nature of the challenge as well as proffering some thoughts on the relationship between the rule of law, democracy and human rights.  I will then turn to three themes that I consider lie at the heart of the restoration and resilience project firstly, the rebuilding our reputation as a leader in the field of international law and the international rules based order; secondly, the strengthening of Parliament’s role in upholding the rule of law and thirdly the promotion of a rule of law culture.

    Our starting point is not a happy one.  Conflict currently affects more countries than at any time since the Second World War. As too many people around the world are driven from their homes by wars and instability, there is a sense of an international system that is unable to act. That is unable to prevent wars of aggression and to address desperate humanitarian need.

    As the Prime Minister said at the General Assembly in New York, those “institutions of peace” that the UK and others worked so hard to establish after the horrors of the Second World War are struggling. Those rules that we have all worked so hard to maintain are being undermined. And faith in international law, and the international rule of law, is being chiselled away in communities who are told, time and again, that the system is failing to deliver for them.

    The challenges we face are increasingly global – whether the development of AI, the threat of climate change, growing inequality, or increased migration – and we need a functioning global order, underpinned by a strong commitment to the rule of law, to even begin to tackle them.

    At home, too, we cannot afford to be complacent about the extent to which values that once were taken for granted have been undermined. A near decade of crisis and political instability has, at times, stretched the fabric of our constitution to its limit.  I don’t wish to make a party political speech, indeed I am determined to make the promotion of the rule of law a project we can all sign up to irrespective of our political allegiance. 

    At a time when there is a desperate need for cooperation and solutions, we are increasingly confronted by the divisive and disruptive force of populism. This is not a new phenomenon. But in recent years we have grown accustomed to diagnosing its symptoms, on both right and left.

    We face leaders who see politics as an exercise in division; who appeal to the ‘will of the people’ (as exclusively interpreted by them) as the only truly legitimate source of constitutional authority.

    Their rhetoric conjures images of a conspiracy of ‘elites’; an enemy that is hard to define, but invariably including the people and independent institutions who exercise the kind of checks and balances on executive power that are the essence of liberal democracy and the rule of law. Judges. Lawyers. A free press. NGOs. Parliament. The academy. An impartial and objective civil service.  Populists work to diminish their legitimacy or, at worst, actively remove them from the scene altogether.

    Allied to this, we have also seen how populism, in its most pernicious forms, works to demonise other groups, usually minorities – to discredit the legal frameworks and institutions that guarantee their rights, and dismantle, often through calculated misinformation, the political consensus that underpins them.

    The argument

    Times of crisis and challenge are fertile ground for this kind of politics. And they can create a receptive audience for the populists’ argument that the rule of law is somehow in tension with democratic values.

    It is this dynamic that I want to address in tonight’s speech – I want to argue that this is precisely the time for us to reaffirm that the rule of law – both domestically and internationally – is the necessary precursor to those democratic values, providing the foundations for political and economic flourishing.

    And I want to be clear that by the rule of law, I do not just mean rule by law; a purely procedural and formal conception that populists and authoritarians can themselves so often use as a cloak of legitimacy.

    One of Lord Bingham’s great contributions was to promote a more substantive conception of the rule of law, including the idea that the law must afford adequate protection of fundamental human rights. I too believe that human rights – both at the level of principle, and in practice through how they are enforced – are an essential element of the rule of law and a stable democratic culture. As well as recognising and protecting the dignity of all, they guarantee the essential rights and freedoms which underpin our system.

    Far from being at odds with democracy, as some populists would have us believe, the rule of law is the bedrock on which it rests. What good is democracy – indeed, can democracy exist – without the right to free and fair elections or freedom of speech, guaranteed by the right of access to the courts and an independent judiciary? And I would go further. Democracy, in my view, is inextricably related to the rule of law, properly understood. For what good is the rule of law without democracy, which confers essential legitimacy on the rules that govern the relationship between citizen and state?

    Lord Bingham’s conception of the rule of law also recognises that international law is the ‘Rule of Law’ writ large, and that States must comply with their international obligations, just as they must comply with domestic law. This, too, is crucial. International law is not simply some kind of optional add-on, with which States can pick or choose whether to comply. It is central to ensuring our prosperity and security, and that of all global citizens.  As will develop later, our reputation as a country that can trusted to comply with its international law obligations, and has a robust adherence to the rule of law, is essential to our ability to grow the economy, as grow it we shall.

    And maintaining our international reputation also enhances our ability to work with our partners to get things done in this time of global challenge. Rather than isolating ourselves from our closest allies, it means we can strengthen cooperation on issues like migration; whether that’s the Anti-Smuggling Action Plan, which the Home Secretary secured with G7 partners in Italy earlier this month; or closer working with international law enforcement partners to target smuggling gangs.

    To shore up the rule of law against the forces of populism, we must also emphasise its importance as an idea that unites, rather than divides us. The work to rebuild a political consensus around these values will not be easy. It must be proactive, cross-party and internationalist. It must be sensitive to any legitimate reasons why people have lost faith in the rule of law and its institutions. It will require patient, long-term thinking, hard work and consistent commitment to build the necessary coalitions, and to produce and implement detailed policy proposals.

    So, to meet these challenges it is my view that we need to take immediate steps to restore the UK’s reputation as a rule of law leader whilst at the same time also seek to build and secure the rule of law’s long term resilience in the face of threats known and unknown, domestic and international.

    Restoration and resilience.  Restoration and resilience.  In this speech, I want to talk about three themes that will guide this Government in this project.  As I outlined earlier, my first theme, is rebuilding the UK’s international rule of law leadership before turning next to the role of Parliament and then finally embedding a rule of law culture.

    Theme 1: rebuilding the UK’s international rule of law leadership

    The UK’s international rule of law leadership.

    Historically, the UK has been a leader in developing and promoting international law and the institutions on which its effectiveness depends. British lawyers and politicians have been at the forefront of drafting and negotiating the most important treaties that underpin our international legal system and building the institutional machinery that breathes life into those paper agreements.

    The UK will again demonstrate that leadership – so essential in today’s highly-connected, but highly fragmented, world – and sadly so absent in recent years.

    That starts by clearly, and without question, honouring our obligations under international law.

    Since taking office, this Government has already taken steps to uphold those obligations and demonstrate our deep commitment to international law. We have reached agreement with Mauritius to settle the historic sovereignty claims over BIOT/Chagos Archipelago in a manner that successfully marries our international law obligations with vital national security requirements; we have applied our IHL obligations by compliance with our arms licensing criteria – applying law not politics; we have made plain our commitment to our cornerstone international institutions not least the ICJ and ICC.

    And we will continue to abide by and unequivocally support the European Convention on Human Rights, including by complying with requests from the Court for interim measures. Walking, or threatening to walk away, would be a total abdication of our international law responsibilities and send out precisely the wrong message at a time when the rule of law is under threat in so many places.

    But we will go further than simply meeting our obligations under the Convention specifically and international law generally – that we will do so should go without saying. My point is that the UK will once again be a champion for international courts and institutions, taking positive steps to promote their importance and to rebuild the respect for them that the populists have sought to destroy.  As the Prime Minister has said, having discovered the Convention in a law library in Leeds some 40 years ago, the rights it sets out speak about the dignity of every human being, and are a source of inspiration from which we can all draw strength and value.

    After the First World War, the UK championed the establishment of a Permanent Court of International Justice. British Judges sitting in that Court and many subsequent international courts and tribunals have delivered judgments that have brought clarity to all areas of international law.

    I am therefore delighted that the UK National Group has announced its intention to nominate Professor Dapo Akande – who will be well known to many in this room – as the UK’s candidate for election to the International Court of Justice in 2026. I cannot think of a better representative for the UK’s expertise in international law and I am delighted to personally endorse Dapo’s campaign.

    And it is through international courts that we hope to finally see justice for Ukraine. I have dedicated my professional life to fighting for justice and accountability, and nowhere was the need for that more apparent than in my recent visit to Ukraine. I was profoundly struck by the stories I heard at Bucha’s cathedral and in Irpin.

    Despite the unimaginable suffering that the people of Ukraine have endured, they remain clear-eyed about the importance of the international rule of law and accountability. I – and the whole Government – remain steadfast in our support for Ukraine, on the battlefield and in the courtroom. This includes support for work towards establishing a Special Tribunal on the Crime of Aggression against Ukraine.

    But these systems, and the promise offered by international law, only work when we work in partnership with our friends and partners around the world.

    In many parts of the world, especially in the Global South, the international rules-based order and human rights are often seen as imperialist constructs, selectively invoked by western governments when it suits their interests. It is incumbent upon us to first, listen, to those who feel unheard. And secondly, to demonstrate – not just with warm words, but with concrete actions – that international law can deliver real benefits to all. And those actions must be consistent, we must show that we will hold ourselves to the highest standards.

    We will advocate for reform of the Security Council, to ensure that those with seats at the top table truly represent the global community. That means permanent representation from Africa, from Brazil, India, Japan and Germany.  And our approach to international development will show that we have learnt the lessons of history that, to be sustainable, the rule of law cannot be imposed on developing countries by former colonial rulers, but must be grown organically from within by working closely with local communities and institutions.

    And we will be unwavering in our commitment to tackling climate change, where we know that many of the worst effects are felt by those who have made the smallest contributions to this existential threat.

    Theme 2: defending and strengthening Parliament’s role in upholding the rule of law.

    My second theme is closer to home. A crucial part of restoring the rule of law, and building resilience in the face of future threats, involves thinking about the respective roles of our own institutions in upholding these fundamental values.

    This must start by recognising that upholding the rule of law cannot just be left to the courts. All branches of our constitution must see the rule of law, in its fullest sense, as a guiding force for their own actions.

    Speaking as a relatively new member of two of these branches, I hope my colleagues in this room will not mind if I offer some initial reflections on the role of Parliament in this regard; both in terms of its own functions, and the Government’s relationship to it.

    Parliamentary sovereignty is one of the fundamental features of our constitution and the ultimate legal authority of Parliament to make or unmake any law is crystal clear.  However, viewing the rule of law through this distorting lens of ultimate decision-making authority alone risks mistaking it for a purely formal, and thin, conception of ‘rule by law’. 

    As lawyers know, Parliament’s authority in our constitution is legal authority, an authority that requires that Parliament maintains in its legislation the ideals of the rule of law, of government under law, one of the contributions to the modern world of which we in the UK are justly proud.  And as I (following Lord Bingham) have explained, those ideals are much thicker and more substantive that the thin gruel of a formal conception of ‘rule by law’.

    We have seen in recent years where that disregard for our constitutional rule of law heritage can lead.  It is crucial that all institutional actors understand their role in a government under law. When Government invites Parliament to breach international law, or oust the jurisdiction of the courts, it not only undermines the rule of law, but also the mutual respect that historically has been one of the great strengths of our constitution.  It risks pitting one institution against another in ways that damage our reputation both inside and outside our borders as a law-abiding nation. 

    We must also work to counter the false choice, offered by some, between parliamentary democracy and fundamental rights. For almost a quarter of a century, the Human Rights Act has shown how it is possible, with imagination, to provide a legal framework for the protection of fundamental rights which can co-exist with parliamentary sovereignty. Indeed, the Act specifically preserves Parliament’s ultimate decision-making authority through its regime of non-binding Declarations of Incompatibility, defences, and section 19(1)(b) statements.

    And the enforcement of the Act otherwise by the courts, far from being at odds with democracy, is its vindication. Because it was our democratically elected Parliament that legislated for the Human Rights Act, and provided the mechanisms by which individual rights should be given meaningful effect in domestic law. It is testament to the framers of the Act that no Parliament elected since 1998 has chosen to fundamentally alter that position.

    It is also right to reflect on how Parliament can itself actively protect and enhance rule of law values. It does this through its scrutiny of legislation, most notably through the expertise of my colleagues in both Houses, but also through its Select Committee system. And it is incumbent on any government to ensure that those Committees are able to do their jobs effectively. I welcome the contribution that committees such as the Lords Constitution Committee, the Delegated Powers Committee and the Joint Committee on Human Rights make to the debate on human rights and the rule of law, and I look forward to working constructively with them in this Parliament.

    But there are aspects of Government’s relationship with Parliament that require more careful examination. Most pressingly, there is in my view a real need to consider the balance between primary and secondary legislation, which in recent years has weighed too heavily in favour of delegated powers.

    The twin challenges of Brexit and the Covid pandemic had the effect of concentrating immense power in the hands of the executive, through the conferral and exercise of broad delegated powers, including so-called Henry VIII powers. Some of this can be explained by the exceptional character, and unique demands, of both events. However, it would be a mistake to view this as an aberration. As the Delegated Powers and Regulatory Reform Committee have noted, Brexit and Covid did not mark the beginning of the shift in the balance between Parliament and the executive, so much as an acceleration and intensification of an existing trend.

    As technical as these issues may sound, they raise real questions about how we are governed. I said earlier that I see democracy as inextricably related to the rule of law. In our system of Parliamentary democracy, consent to be governed is expressed through the delegation, every four or five years, of powers by the governed to Parliament. It is the importance of this model of consent that explains in very large measure why I have been so concerned, on entering Government, to improve the standards we adhere to when we make policy and law – and specifically to ensure that the processes we adopt support the rule of law.

    Secondary legislation has an indispensable role to play in a modern, regulated society. There is no suggestion that the Government should not take or exercise delegated powers. However, excessive reliance on delegated powers, Henry VIII clauses, or skeleton legislation, upsets the proper balance between Parliament and the executive. This not only strikes at the rule of law values I have already outlined, but also at the cardinal principles of accessibility and legal certainty.

    In my view, the new Government offers an opportunity for a reset in the way that Government thinks about these issues. This means, in particular, a much sharper focus on whether taking delegated powers is justified in a given case, and more careful consideration of appropriate safeguards.

    Theme 3: promoting a rule of law culture, which builds public trust in the law and its institutions

    Finally, in my third theme I want to talk about culture and how we promote a rule of law culture which builds public trust in the law and its institutions – a vital task if the rule of law is to be made resilient enough to withstand the threats I have described in this age of populism.

    We begin this task from a difficult place. Too often, the starting point for debate is that law is part of the problem. At best, an abstraction that is disconnected from the realities of people’s lives. At worst, it can be held up by populists as a force that is somehow illegitimate. All of us who care about this subject – and particularly those of us in Government – need to work hard to counter these attitudes, and to foster a better understanding of the rightful place of law in a liberal democratic society.

    For Government, this means leading by example.  I hope you take some comfort in the fact that the importance of the rule of law and the constitutional balance is embedded in my DNA and that of a Prime Minister who not only rose to the top ranks of the Bar but served his country as DPP.  Vitally, it is also a principle deeply cherished and jealously protected by the Lord Chancellor who has overarching constitutional authority as the guardian of the rule of law not least to protect the independence of the judiciary.  Anyone who knows the Lord Chancellor and her determination to champion the rule of law will know that there will be no repeat of failures to defend attacks on the judiciary under her watch.   

    Of course, we will be judged by what we do, not what we may have done in the past let alone what we say now – and we will demonstrate our commitment to the rule of law in real and practical ways.  By way of example only, in the coming weeks I will issue an amended guidance for assessing legal risk across government that will seek to raise the standards for calibrating legality that the thousands of brilliant lawyers working in every part of government activity apply to deliver for the people of this country – I want them to feel empowered to give their full and frank advice to me and others in government and to stand up for the rule of law.

    But the challenge to rebuild a broad consensus around rule of law values, cannot be left merely to politicians.  It is a project that can only succeed if it is taken up by all of us, politicians, judges, lawyers, civil society, citizens. 

    We need to recognise that the populists have stolen a march – it is nearly always easier to deride and denigrate than it is to promote complex but vital principles.  We cannot stand by idly as rule of law principles and the human rights idea are undermined, sometimes without challenge, on television screens, the pages of newspapers and most effectively and invidiously of all, on social media.

    The challenge is to get out and explain the importance of the principles that we hold so dear – we have a fantastic story to tell and tell it we must. 

    We need to explain that the rule of law is not the preserve of arid constitutional theory.  We need to explain how it provides the stable and predictable environment in which people can plan their lives, do business and get ahead; in which businesses can invest, the economy can grow; people can resolve disputes fairly and peacefully, and express and enjoy their basic rights and freedoms. We must illustrate how systems that do not hold to these values can be arbitrary and capricious. And backsliding from Rule of Law values, once it begins, can take an unpredictable course.

    The story that we must tell is how the rule of law matters for growth, jobs and people’s livelihoods – how it impacts upon the pound in their pocket and on the type of future their children deserve to enjoy. Governments that undermine, or take a ‘pick and mix’ approach to these values, disincentivise investment. Today, we have hosted the Investment Summit with a clear message that Britain is open for business. Britain has many commercial advantages, but one of our greatest is the trust that businesses can have in our courts, and the confidence they can have in a stable and transparent business environment, underpinned by a strong rule of law.

    Education has a crucial role to play. We must take these messages to our schools and wider communities. I commend the work of civil society groups and charities such as Young Citizens and the Citizenship Foundation, and the Bingham Centre itself, who work with schools to promote a better understanding of the law and its importance in society. I believe it is right to think about whether even more can be done to strengthen the role of citizenship education as a means of promoting a better understanding of our constitution and, particularly, the importance of the rule of law.

    But we must also talk about these issues in a way that resonates with the public and in language that everyone understands. Because most people would instinctively recognise rule of law principles as values that are part of the very fabric of our society. Fair play. Justice. Rules that apply equally to all; not one rule for them, and another for the rest of us. And where disputes do arise – whether with a business, an employer, or a neighbour – an independent courts system which provides the means for their just resolution.

    And in the public realm, law is the great leveller that holds the powerful to account, and ensures that individual rights are respected. Those rights – human rights – are our rights, and belong to us all.  

    So it is we must proudly own the story of the European Convention on Human Rights, not least because in so doing we expose the wanton superficiality of many of its critics. We must explain how the values of the Convention are not foreign to us. They are universal. Closely connected rights are found deeply embedded in the heart of our own legal tradition. Echoes of habeas corpus, Magna Carta, and the Bill of Rights, can all be located in Articles 5 and 6 ECHR.  This country banned torture long before our continental cousins, never mind the promulgation of Article 3.  It is no coincidence that it was British lawyers, most notably the Conservative David Maxwell Fyfe, who helped to frame the European Convention after the Second World War, drawing of course inspiration from the Universal Declaration of Human Rights but also centuries of our own legal values.  It is simply legally fatuous and historically ignorant of armchair critics of the Convention to declare that its supporters somehow seek to undermine our traditions or should be dismissed as naive snowflakes. 

    To the contrary, the Convention was drafted by men and women who had witnessed the very worst that humans can do to each other, their views were forged not in a Tufton Street seminar but in the trenches and the battle grounds, in the prisoner of war camps and the historic prosecutions of the Nazi war criminals at Nuremberg.  The drafting and adoption took place not in a time of overindulgence but when societies were rebuilding from rubble and indeed this country was still under rationing.  They were hard-nosed men and women from a generation who had seen conflict and vowed ‘never again’.    The structures they helped to create, the values that underpin them, have served us well as a bulwark against totalitarianism, and a foundation for European peace. And they remain the best hope of protecting us from the threats we face today.

    For too long, populists have been able to frame the debate on human rights too narrowly, by reference to issues which, important as they are, can often feel disconnected from the everyday. We have to work to change this, not only by busting myths, but by showing how human rights positively touch so many aspects of wider society. The right to be treated equally. The right to express ourselves. The freedom to live in the way we choose, without undue interference from the state. These are the values we cherish and have chosen, collectively, to protect.

    So too must we work to combat disinformation and misinformation about law and lawyers. The disgraceful scenes of violent disorder over the summer, including threats against immigration law firms and advice centres, showed only too vividly that what is said online can have dangerous consequences in the real world.

    But the response to the riots also showed something more hopeful. People took to the streets not only to clean up and repair the damage, but to stand together against the forces of reaction and division. It is that spirit of decency and fairness that we must harness in our cause.   

    When I went to Liverpool I visited the library that had been burnt down in the riots and met a group of children who had been cowering under beds and in cupboards as the mobs went by at night but who the next morning got up and came to volunteer to rebuild.  I talked with them about the books that we were donating to the library (including Helena’s latest) which all concern how law and justice work for everyone – and we discussed the meaning and significance of the inscription that my office had placed inside each cover, taking the words of Dr Martin Luther King – that although the arc of humanity is long, it bends towards justice.

    Conclusion

    Restoration and resilience. These are the watchwords that will guide our defence of the rule of law in the face of populism. It is by renewing our commitment to rule of law values, as a Government and as a nation, at home and abroad, and patiently rebuilding the political consensus underpinning that commitment, that we will ensure that the rule of law is safe for future generations; so we may continue to work together towards achieving the Bingham Centre’s vision of ‘a world in which every society is governed by the Rule of Law in the interests of good government, peace at home and in the world at large’.

    Updates to this page

    Published 15 October 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI Asia-Pac: Speech by FS at welcome dinner for Standard Chartered Private Bank Global Family Network 2024

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at the welcome dinner for the Standard Chartered Private Bank Global Family Network 2024 today (October 15):Bill (Group Chief Executive, Standard Chartered, Mr Bill Winters), Ben (President, International, Standard Chartered, Mr Benjamin Hung), Mary (Chief Executive Officer, Hong Kong and Greater China & North Asia, Standard Chartered, Ms Mary Huen), distinguished guests, ladies and gentlemen,     Good evening. I am very pleased to join you all at this welcome dinner for Standard Chartered’s inaugural flagship Global Family Network Forum, bringing together influential families from across Asia, the Middle East and Europe.     First of all, I wish to extend our warmest welcome to you all to Hong Kong. You’ve chosen a wonderful time to visit, with the perfect autumn weather gracing our city. International asset and wealth management hub     Hong Kong is Asia’s leading international financial centre and asset and wealth management hub. Just now, Mary has already given you a good idea of the scale of assets under management and the number of family offices in this city. Let me supplement that many asset and wealth management firms are expanding their presence in Hong Kong. They include, of course, Standard Chartered. And no less optimistic are other prominent firms like UBS. Its Chief Executive commented in June this year that Hong Kong might well become the world’s first in the asset management business by 2027.      A world of ultra-high-net-worth families and individuals have gathered in Hong Kong for a good reason. For you can place your wealth, here for good. Unique strengths under “one country, two systems”      Hong Kong, after all, has very strong fundamentals. Our unique strength is the “one country, two systems” arrangement. While being part of China, we preserve all the defining characteristics that make this city unique: practising common law with a judiciary exercising powers independently; maintaining free flow of capital, goods, people and information; a low and simple tax system, and a currency pegged to the US dollar.     As President Xi Jinping made clear on various occasions, this arrangement is here to stay for the long term.Staunch support from the country      Indeed, Hong Kong always enjoys staunch support from the Central Government. Over the years, the central authorities have rolled out highly favourable policies that benefit the city’s progress and advancement. This is well illustrated in our financial market development. In April this year, for instance, the CSRC (China Securities Regulatory Commission) announced a series of measures to boost Hong Kong’s capital market. That included injecting more liquidity into the Southbound Connect with Hong Kong, and supporting leading Mainland enterprises to list on our stock exchange. Now, over 100 such companies are in the queue for listing in Hong Kong. Diverse investment offerings and opportunities      Above all, the prime value proposition of Hong Kong for family offices is the diverse array of investment offerings and opportunities we offer.      Speaking of our stock market, it is home to over 2 600 companies with a capitalisation of over US$4.6 trillion. Over the years, we have engaged in listing reforms, facilitating such companies from the new economy, biotech and hard-tech sectors to list on our stock exchange, and thus enlarging our pool of quality issuers.      No less vibrant is the bond market. Hong Kong ranked first in the world for 16 years in terms of international bond issuance arranged by Asian institutions. Last year, around US$90 billion of such bonds were issued, accounting for about a quarter of the market. We are also the hub for Renminbi bonds, including sovereign bonds issued by the central authorities as well as those by provincial and municipal governments.     Hong Kong offers a wide range of financial products that suit impact investors. For example, as Asia’s leading green finance hub, we have on average issued over US$63 billion in green bonds and debt annually over the past three years, accounting for more than one-third of Asia’s total. Over 230 ESG (environmental, social and governance) funds have been authorised by our Securities and Futures Commission, managing approximately US$170 billion in assets.      A rich array of investment products and professional services are underpinning a burgeoning ecosystem for families and their offices here in Hong Kong. The Government has rolled out a package of policies, including tax concessions to family-owned investment holding vehicles managed by single family offices in the city. This year, we have also established a Network of Family Office Service Providers comprising private banks, accounting and legal firms, trusts and other professional service firms, forming a strong nexus that cater to your needs. Recent rally in our stock market     Speaking of investment, you may have noticed the recent rally in our stock market since the central authorities announced a stimulus package to inject liquidity to the banking sector and to provide more support to the real estate sector. Over this period, we have seen strong net buys from American and European investors, and they constituted some 85 per cent of the buy side by value. In terms of the background of those investors, 90 per cent of them are long-term fund managers and investment banks.     In January this year, when I visited Davos to attend the World Economic Forum, I met some investors and fund managers. The message I got from them then was clear – despite geo-economic fragmentation, the world of international investors remained interested in the opportunities of the Mainland market. They have long been waiting for the right time to invest here. Now, they are seeing the opportunity.      And beyond investors from the US and Europe, there is growing interest from our Middle East friends. For example, later this month, two ETFs (exchange-traded funds) will be listed on the Saudi Exchange for investing in our stock market. Making a lasting impact with Hong Kong      Ladies and gentlemen, most if not all, family offices aim for more than just financial returns. They care about the collective good of our society and the planet.      To promote and support philanthropy endeavours, the annual Wealth for Good Summit held in Hong Kong since last year successfully brought together influential family office owners and decision-makers to explore strategies for effective philanthropy and wealth legacy. We will soon launch an “Impact Link” platform to foster the connection between family offices and high-potential, high-social impact philanthropy programmes.     There is also one important dimension of impact investing that I should not miss: innovation and technology. We are home to a vibrant, energetic and promising innovation circle, with many innovators from around the world who gather in Hong Kong, acting to change the world for the better, in AI (artificial intelligence), biotech, green tech, and many more areas. Many of these start-ups are based in our two innovation flagships, the Science Park and Cyberport. They have a global vision, and present valuable opportunities for investment. For instance, one start-up from Science Park has developed geospatial and sensory technologies for precision farming, helping farmers around the world to increase crop yield. Another start-up has developed 3D-printed reef tiles to help restore coral reefs and thus increase regional carbon sequestration capacity. The firm has now expanded to the Middle East.Closing remarks     Ladies and gentlemen, in a nutshell, Hong Kong is where you can conserve and grow your wealth across generations. I believe the speakers at the forum tomorrow will further enlighten us with their valuable insights.      For now, please enjoy this good evening, and I wish you all a rewarding event tomorrow and an enjoyable experience in Hong Kong. Thank you very much. 

    MIL OSI Asia Pacific News –

    January 23, 2025
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