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Musk’s Team Gains Access To Sensitive Federal Payment Systems, Sparking Controversy

In a move raising eyebrows across Washington, Elon Musk’s Department of Government Efficiency (DOGE) has been granted access to the federal payment system, which handles trillions of dollars in government funds annually, according to US media reports.

While DOGE is not an official agency but a team within the administration, sources suggest the group now has access to sensitive personal data of millions of Americans, raising concerns about privacy and oversight.

The situation reportedly led to a standoff at the United States Agency for International Development (USAID), where two officials were placed on leave after resisting DOGE’s efforts to access critical government systems.

The White House and Treasury Department have yet to comment. Just days after President Donald Trump announced the formation of DOGE, the team has spread across federal agencies with the goal of slashing government spending.

Musk, who helped establish the team, has enlisted support from allies in Silicon Valley and his private companies. This has created turbulence at agencies like the Treasury Department and USAID—two entities Musk has criticized on social media. On X (formerly Twitter), Musk called USAID “evil” and accused Treasury officials of “breaking the law every hour of every day,” further stoking controversy.

The Treasury division involved in these changes handles critical federal payments, including Social Security, government salaries, and money allocated by Congress—totaling nearly $6 trillion.

The controversy also extends to USAID, which distributes billions in aid. The agency’s website went offline, and its X account appears to have been deactivated. Reports claim DOGE members sought access to a classified facility, a SCIF (Sensitive Compartmented Information Facility).

Meanwhile, the broader federal workforce faces changes under Trump’s administration. Executive orders have sparked confusion, with employees receiving instructions to report colleagues allegedly disguising diversity efforts and encouraged to take paid resignations, leading to unease.

In response, many agencies, including the CDC, have removed references to diversity and inclusion and LGBTQ+ content from their websites, resulting in broken links, including those on LGBTQ+ health and mpox vaccines. While supporters argue diversity programs address historical inequalities, critics claim they can create new forms of discrimination, intensifying the debate.

Cyprus Tech Sector Propels Economic Growth and Reshapes Talent Landscape

Robust Economic Expansion

At the recent TechIsland Summit, Christophoros Anayiotos, Head of Deal Advisory at KPMG Cyprus, delivered a compelling assessment of the island’s burgeoning tech ecosystem. The 2024 report highlights that the technology sector now contributes 16% of Cyprus’ total Gross Value Added (GVA), up from 12.6% in the previous year. Overall, the sector’s economic impact is estimated at €8.5 billion, with direct contributions of €4.7 billion and an additional €3.8 billion generated indirectly.

Sectoral Contributions and Productivity

Using the Leontief Input-Output Model, the study covers key areas including ICT, professional scientific and technical activities, as well as tech-driven financial and insurance services. Notably, the ICT segment itself delivers €3.4 billion in direct GVA, while professional services and financial operations contribute €840 million and €505 million respectively. This horizontal spread of technological influence underscores the industry’s pivotal role in driving multifaceted business growth.

Resilience During Economic Downturns

Even amid challenging economic conditions, the tech sector has demonstrated remarkable resilience. In the pandemic-stricken year of 2020, while the broader Cypriot economy contracted by 3%, the ICT sector experienced a robust growth rate of 21%. This momentum accelerated further to a striking 38% growth in 2021, reinforcing technology’s role as a stabilizing economic force.

Divergent Trends in Employment

Anayiotos’ analysis reveals that the tech sector now sustains over 62,000 full-time equivalent jobs in Cyprus, with 45,900 direct and 16,300 indirect roles. For every €1 million in increased sector revenue, approximately 13 jobs are generated. Despite the overall employment surge, there has been a significant shift in workforce composition. In 2015, Cypriot nationals comprised 88% of ICT employees; by 2024, this figure dropped to 50%, with non-EU nationals accounting for 42% and other EU citizens 8% of the workforce.

Cyprus as an EU Leader in ICT

Cyprus now holds a prominent place in the EU, ranking second in the EU27 for ICT’s share of national GVA at 11.4%, a notable rise from 9.4% in 2023. Furthermore, the island leads the bloc in ICT GVA growth, posting a remarkable 347% increase between 2015 and 2024. With a top-five ranking in GVA per ICT employee—whereby each contributes approximately €130,000, compared to the EU average of €116,000—the country’s technology workforce has expanded at an annual growth rate of 12.1%, from 9,300 in 2015 to 26,000 in 2024.

Strategic Imperatives for Future Growth

Anayiotos emphasizes the need for strategic enhancements to sustain this expansion. Key recommendations include improving air connectivity, joining the Schengen Area to boost mobility, and attracting more international banking institutions. Additionally, introducing tax incentives designed to favor stock options is considered crucial in luring and retaining skilled talent. Addressing the limited capacity in private education is also vital to accommodating professionals relocating with families.

Investing in Talent and Digital Transformation

Looking forward, investments in education and digital upskilling remain paramount. There is a clear call for a national initiative aimed at promoting STEM careers, elevating the digital skills of both students and educators, and accelerating the digital transformation of public services. Moreover, streamlining legal procedures will be critical to improving the overall business climate and competitiveness.

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