WOTS Saturday 9/1/18:
Forex Rates:
Closing rates Friday night
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,170.8000 | 1,168.1000 | 1,170.8000 | | 07:10 |
| USD/VND | | | 23,279.0000 | 23,025.7000 | 23,025.7000 | | 07:10 |
| USD/CNY | | | 6.8525 | 6.8251 | 6.8432 | | 18:00 |
| USD/KWD | | | 0.3023 | 0.3014 | 0.3022 | | 12:30 |
| GBP/USD | | | 1.3028 | 1.2945 | 1.3011 | | 17:27 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 14,882.3000 | 14,700.0000 | 14,751.0000 | | 16:30 |
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DC NY Iraq Articles:dd
Political demands to postpone the session of the new Iraqi parliament for a week
01/09/2018 13:40:08
BAGHDAD, Sept. 1 (Petra) - Iraqi President Fuad Masum is considering postponing the first parliament session for a week, Iraqi political sources said.
The source told the official political agency (Petra) in Baghdad, that some blocks demanded the President infallible, to postpone the session of the parliament to be held next Monday to the tenth of September, a week.
"The Iraqi president is hesitant so far, and he stipulated the approval of all blocs for the purpose of issuing a presidential decision to postpone," adding that the purpose of postponement to give time to the parliamentary blocs to agree on the largest bloc to form a government.
He called Masum, the parliament to hold its first meeting, next Monday, the third of September, 15 days after the ratification of the names of the new deputies, according to the Constitution.
(Petra) /
The source told the official political agency (Petra) in Baghdad, that some blocks demanded the President infallible, to postpone the session of the parliament to be held next Monday to the tenth of September, a week.
"The Iraqi president is hesitant so far, and he stipulated the approval of all blocs for the purpose of issuing a presidential decision to postpone," adding that the purpose of postponement to give time to the parliamentary blocs to agree on the largest bloc to form a government.
He called Masum, the parliament to hold its first meeting, next Monday, the third of September, 15 days after the ratification of the names of the new deputies, according to the Constitution.
(Petra) /
Iraqi forces surround the Basra building to protect the demonstrators
BAGHDAD, Sept. 1 (Petra) - Iraqi forces on Saturday intensified their deployment near the southern Iraqi city of Basra after popular threats to storm it.
A security source told the Jordanian News Agency (Petra) in Baghdad: The security forces in Basra deployed intensively near the building of the province of Basra 550 km south of Baghdad, and cut the street leading to the building, and deployed military detachments in the square Abdul Karim Qassem.
Demonstrators on Friday set fire near the provincial building, while others attacked the building for occupation without Iraqi forces intervening.
Iraq's oil-rich Basra has been witnessing for two months the lack of basic water, electricity and jobs.
Iraq's oil-rich Basra has been witnessing for two months the lack of basic water, electricity and jobs.
Deputy reveals the truth of the split 10 members of the victory coalition
Saturday, 01 September 2018 02:22 PM
MP Majid Rashid al-Thamir, on Saturday, the exit of ten members of the coalition of victory, indicating that four of the coalition expressed their differences of views on the continuation of the formation of the largest parliamentary blocs in the event of the first meeting of parliament.
Thamer, a member of the victory coalition, said that "it is a joke for the news that is circulating in the corridors of some political blocs about the exit of ten members of the victory coalition and their entry into other alliances."
He added that "four members of the victory coalition were different visions with their peers on the mechanism by which the formation of the largest parliamentary bloc and proceed to the first session of parliament in the event that was held, while refused to disclose those four names."
Count
- Petra (Petra) / AFP / 01/09/2018 13:55:01
- Petra (Petra) / AFP / 01/09/2018 13:55:01
The Kurdistan Union and the national axis agree to form a federal government "apply the Constitution" and form a joint committee
2018/09/01 13:04
Baghdad today - Baghdad
On Saturday, September 1, 2018, the Patriotic Union of Kurdistan (PUK) and the National Front agreed to form a federal government that would "implement the constitution" and form a joint committee to strengthen the two sides' relations and speed up the steps.
"The meeting between the two sides discussed the formation of the next federal government and the formation of a national government to solve all problems," said Nermin Osman, the leader of the Union, in a press conference followed by the meeting of the parties and attended by (Baghdad today), stressing "the need to implement Article 140 of the Constitution, And solve problems between the region and the federal government.
"The two sides agreed to form a joint committee, whose task is to strengthen the relations between the two sides and accelerate the steps in that, hoping that there will be other meetings between the National Union and the national axis, to form a national government and put a mechanism for coordination between the two sides in the House of Representatives."
And warned that "the Kurds have a national problem in Iraq and they have conditions and red lines, and all the Kurdish parties agreed upon, and any political party is able to pledge to apply these conditions, then the Kurds have no red lines on one, the most important we have a democratic Iraq, and we will participate in the next government In the event of a commitment to meet our conditions. "
"The meeting discussed the joint work between the two sides, and seeking to form a government that represents the minimum aspirations of Iraq and to build a real strategy and the distribution of wealth to all Iraqis," said former MP and leader of the axis, Qutaiba al-Jubouri.
Jubouri added that "the visit of the delegation of the national axis of Sulaymaniyah comes within the framework of the political movement to form a government, and has nothing to do with the visit of a delegation from the National Coalition headed by Iyad Allawi to Erbil," adding that "they will visit Erbil today after the end of their visit to Sulaymaniyah."
He stressed that "the national axis seeks to work in a spirit of a team together with the National Union and the Democratic Party, and go together to open up to other blocks to accelerate the formation of the government and preserve the merits of everyone."
He pointed out that the national axis is open to all and has no red lines on the winning blocs and dialogues continue, "pointing out that" they began dialogues with the National Union and the Democratic Party, and formed joint committees, stressing that the national axis will meet the delegation of the National Union and the Democratic, .
For his part, MP for the National Union, Piston Adel, that "the two sides discussed the points of contention that can be resolved by the application of the Constitution," noting that "the National Union stressed the importance of Kirkuk, and his insistence on the application of Article 140 and no waiver of that, Constitutional articles ".
According to a source familiar with, earlier in the day, the arrival of the delegation of the National Axis to the Political Bureau of the Patriotic Union of Kurdistan in Sulaymaniyah.
The source told (Baghdad today), "The delegation of the national axis, arrived at the Political Bureau of the Patriotic Union of Kurdistan in Sulaymaniyah, to discuss and debate on alliances to form the next government."
He pointed out that "the delegation of the axis headed by Mohammed Halbusi, Jamal Karbouli and Qutaiba Jubouri, while the meeting included Nermin Osman, a member of the leadership of the National Union, and Beeston Adel, a member of the National Union bloc in the House of Representatives.
Rehabilitation and operation of the refinery of Salah al-Din with a capacity of 3400 barrels per day
Saturday, 01 September 2018 12:21 p
The General Company for the refineries of the North one of the formations of the Iraqi Ministry of Oil, the completion of the rehabilitation and operation of Salah al-Din refinery capacity of 3400 barrels per day.
The company said in a statement that "the engineering cadres began to rehabilitate and restore the refinery Salah Eddin 1 was completed and start work with a production capacity of more than 3400 barrels per day."
The statement added that "the rehabilitation of the refinery was purely engineering hands and expertise of Iraq," pointing out that "the work is still underway for the rehabilitation and operation of the refinery Salahaddin 2 and will be opened after 6 months from now."
By name ... These Kurdish figures will go to Baghdad
01-09-2018 12:11 AM
Baghdad News -
A source familiar with the names of the members of the two main Kurdish parties who will be heading to Baghdad on Saturday,
The source said in a statement to 'Baghdad News', that the Kurdistan Democratic Party will send the political bureau of the party Fadel Mirani, and the spokesman of the party Mahmoud Mohammed, and a member of the Political Bureau, Deputy Speaker of the Kurdistan Regional Parliament Jafar Aminki
The source added that the Patriotic Union of Kurdistan will send the party's spokesman Saadi Ahmed Bira, and leaders Farid Rwandzi and Khalid Shwani. Abadi: We have an integrated plan to provide water in Basra
Political source reveals the meeting of Najirvan Barzani and Barham Saleh
Saturday, 01 September 2018 12:39 p
A political source familiar with Kurdistan, said that a meeting is currently held between the President of the Kurdistan Regional Government, Najirvan Barzani and Barham Salih.
The source said in a press statement, "The head of the Kurdistan Regional Government, Nechirvan Barzani, is currently holding a meeting with Barham Saleh to discuss the formation of the Iraqi government."
The source added that "there are reports about Saleh's candidacy for the presidency of the republic."
Iraq Set to Raise Oil Exports
Saturday, September 01, 2018
Iraq sees a need to increase crude exports and says it is set to ship more as soon as OPEC agrees how members will share a collective supply boost, according to the acting director general of the state-run Oil Marketing Company. Exports will be close to 3.59 million barrels per day this month, Alaa Al-Yasiri also said in an interview in Baghdad, World Oil reported. That would be a record, he said, up from 3.54 million bpd in July. The Organization of Petroleum Exporting Countries and allies agreed two months ago to increase oil production, with Saudi Arabia and Russia saying about 1 million bpd will be added to the market. But they did not detail how the production increase would be split between OPEC and non-OPEC nations. A committee of OPEC and allies is scheduled to meet in Algeria next month to discuss allocations. “If decisions are made that the market is in need of [higher] quantities, then Iraq will have the ability to rise,” Al-Yasiri said.
Kauaihn Iraq Articles:dd
Meet the head of the new UN Assistance Mission for Iraq
01-09-2018 12:44 PM
Baghdad News -
UN Secretary-General António Guterich on Saturday appointed former Defense Minister Janine Henness Blachert as his special representative and head of the Iraq Assistance Mission (UNAMI), according to the press office of the head of the World Organization.
"The Secretary-General of the United Nations, Antonio Guterich, has announced the appointment of the representative of the Netherlands, Janine Henness Blachert, his Special Representative for Iraq and head of the United Nations Assistance Mission for Iraq."
"In this post, Hines Blachirt watched the Netherlands participate in military operations in Mali, Afghanistan and Iraq and cooperated with the EU, the United Nations, NATO and UN partners."
"Janine Henness Blachirte has 20 years of experience in political and diplomatic activity," the statement said.
The start of the expanded meeting between Allawi and Barzani in Erbil
01/09/2018 Iraq News Now
Baghdad / Al-Ghad Press:
A political source informed, on Saturday, the start of an expanded meeting between the President of the National Coalition Iyad Allawi, and the leader of the Kurdistan Democratic Party Massoud Barzani in Arbil.
The source told "Al-Gharab Press", that "began shortly before the expanded meeting between the leader of the National Coalition, Dr. Iyad Allawi and leader of the Kurdistan Democratic Party Massoud Barzani in Arbil, to discuss political developments and the formation of the next government."
The head of the National Coalition Iyad Allawi, on Saturday, to the province of Arbil on the head of a delegation to meet with former Kurdistan President Massoud Barzani, and discuss political developments and the formation of the next government.
The next few hours will witness the official announcement of the nomination of "Faleh Fayyad" for the post of prime minister of the next government
01-09-2018 01:17 PM
Baghdad News -
Announced the leader of the movement "Ataa" MP Mansour al-Muradid, on Saturday, that the next few hours will witness a press conference includes leaders of the alliance victory to announce the nomination of the President of the Movement Faleh Fayyad officially to head the next government.
Al-Maraid said in a press statement that "leaders within the Alliance victory will be announced during the next few hours through a press conference on the nomination of the head of the movement Atta Faleh Fayyad for the post of prime minister," adding that "Fayadh has all the qualities talented to take over this position."
He added that Fayyad is still part of the victory project and will not announce his withdrawal as some media outlets have mentioned. He added that the victory alliance is linked to a national project and one of the pioneers of this project is Falih al-Fayyad
Sadr withdraws from the negotiations of the composition of the largest bloc .. This is what he decided
Updated 01/09/2018 1:24 pm
The newspaper "News" Lebanese, on Saturday, the withdrawal of the leader of the Sadrist movement Moqtada al-Sadr of negotiations to form the largest bloc, while he said he decided to retreat temporarily .
The newspaper said in a report and its follow-up (Watan News) that "a new phase entered by the communications between the parties, different from the atmosphere that prevailed after the end of the counting of the hands of the elections, specifically since the meeting of the Hotel Babil last The then attended by the leader of the Sadrist movement Moqtada al-Sadr, As the Prime Minister Haider Abadi, the fact that they see the difference, is that the two lists (Sadr) and victory (Abadi) have the nucleus of the largest bloc that will be able to name the new prime minister .
She added that "Sadr entered the meeting to see that the seat of the Sunni component is empty, as well as the situation of the Kurdish seat The absence of representation of Kurdish and Sunni as promised by Sadr seemed like a trap that led to the disappearance of the possibility of the leader of the Sadrist movement in the formation of the largest bloc in accordance with the logic advocated, On the basis of a broad national coalition of sectarianism, "pointing out that" this prompted Sadr to take the decision to withdraw from the negotiations and the temporary retreat and inform the concerned that it will accept any political reality and consensus is formed . "
The newspaper added that "if the absence of Sadr from the scene and his withdrawal calmly a reaction to the meeting of the Hotel Babylon, but it can not be considered the decision of the Sadr withdrawal from the game in full, according to sources, which does not exclude the participation of the Sadrist representative of balanced, in the next government image Or other. " Finished 5
Commission: can not work on the law of parties and the formation of alliances because of the suspension of the work of the Board of Commissioners
01/09/2018 Iraq News Now
Baghdad / Al-Ghad Press:
The Independent High Electoral Commission (IHEC) announced on Saturday that it is impossible to work on the law of parties and form alliances because of the suspension of the work of the Board of Commissioners.
The Commission said in a statement received by "Al-Ghad Press" a copy of it, "After deliberation among the members of the Council on the decision of the Council of Ministers No. (328) on 28/8/2018 and brought to us by the letter of the Secretariat of the Council of Ministers number (CZ / 10 / 1 / Mf / 30442) on 30/8/2018 stipulating that the provisions of Article (4) of the Third Amendment Law for the Law of Election of the Council of Representatives No. (45) for the year 2013 shall be amended and stipulated that "the suspension of the current members of the Board of Commissioners and Directors Governorate offices to work until the completion of the investigation of fraud crimes) and since the above committee has completed its work and was approved by the recommendations of the Prime Minister and implementation of By the Council of Judges assigned to remove five UNHCR staff. "
No member of the Board of Commissioners or directors of provincial offices has been charged with any fraudulent crime after the counting and manual counting of about 20% of the electoral stations in all governorates by the assigned judges and the approval of the Federal Court by a percentage of more than 99% "The Council of Commissioners will challenge the decision before the competent judicial authorities and waiting for the fourth session of parliament in the coming days that the Commission is subject to the control of the House of Representatives in accordance with Article 102 of the Constitution to address this matter."
"Pursuant to the above and its implementation by the Commission, it will be impossible for the current time and (temporarily) to work on the Political Parties and Organizations Law No. (36) for the year 2015, Article 29 and therefore the possibility of applying the procedures of forming political alliances due to the suspension of the work of the Council Commissioners in accordance with the decision of the Council of Ministers referred to above. "
And called on all political parties and alliances to "follow the legal contexts used in previous parliamentary sessions in the formation of alliances."
Iraq: an explosion at the headquarters of «Saraya peace» coincided with the «million Sadr»
Saturday, 2018/9/1
Source: Baghdad - Agencies
Thousands of followers of the Sadrist movement during the prayer of millions in the mosque of Kufa Historical near Najaf yesterday (Reuters)
Thousands of followers of the Sadrist movement during the prayer of millions in the mosque of Kufa Historical near Najaf yesterday (Reuters)
A blast rocked one of the headquarters of the "Saraya al-Salam" of the Sadrist movement west of Karbala, just before the "millionaire" called by Moqtada al-Sadr to «corrupt corrupt». The explosion took place at one of Al-Saraya military headquarters on the road to al-Mu'allimin neighborhood, which included a weapons depot, resulting in a number of injuries.
Meanwhile, the preacher of the Kufa mosque in the holy city of Najaf, close to Muqtada al-Sadr, has refused to include those involved in financial and administrative corruption in the new government. "Reassure the competent, reject the old faces and do not accept the system of sectarian quotas," Khatib Muhannad al-Moussawi told thousands of followers of Sadr in Friday prayers at the Kufa mosque. He added: "We categorically reject the participation of corrupt" in the government and the formation of the next ministerial, and «we want a government of efficiency and integrity,» calling for «the accountability of corrupt and the thief».
Meanwhile, the Al-Fateh alliance, which includes the political wings of the Popular Popular Militia factions, launched a scathing attack on Prime Minister Haider al-Abadi to dismiss Faleh al-Fayadh from the presidency of the Popular Struggle and his role as a national security adviser. He said that his involvement in political and partisan action With its sensitive security functions. Al-Fath Alliance said in a statement yesterday that Abadi's decision reflects a serious initiative to bring the crowd and the security services into political conflicts and settle personal accounts.
"This is a new indication that Abadi has been dealing with the security services and other state organs according to his personal interests and the imposition of acceptance of the second mandate is a condition for the survival of officials in their place." Meanwhile, the Independent High Commission for Human Rights of the Iraqi parliament, Basra province «damaged», after increasing cases of poisoning due to water pollution and the decline in health status.
Iraqi Delegation to Seek US Sanctions Exemption
Saturday, September 01, 2018
I raq will send a delegation to the United States seeking an agreement on financial transactions with Iran following Washington’s reimposition of sanctions on Tehran, Prime Minister Haider al-Abadi said on Tuesday.
His statement was the first by an Iraqi official since Reuters reported last week Baghdad was going to ask Washington for exemptions from some of the sanctions because Iraq’s economy is closely linked with neighboring Iran.
“We have requests for the American side; we have presented them and a delegation will go to negotiate within that framework,” Abadi told a weekly news conference.
“We have presented a clear vision of what Iraq really needs. This includes Iranian (natural) gas, which is very important, as well as other trade and the electricity sector.”
US President Donald Trump withdrew the United States in May from world powers’ 2015 nuclear deal with Iran, calling it flawed and reimposed trade sanctions on the Islamic Republic.
The Trump administration has warned of consequences for countries, including European allies that co-signed the nuclear accord, that do not respect the new sanctions. Baghdad is in a difficult position—as its two biggest allies are the United States and Iran, themselves arch-adversaries.
“We have had good promises initially but as you know the American situation is complicated.You do not deal with one person; there are several institutions,” Abadi said.
He called the sanctions “unilateral” and “oppressive”, adding that Iraq would not be “part of a blockade” due to its own painful experience with international sanctions during the era of the dictator Saddam.
Iraqi government and central bank officials said the delegation would travel to Washington to ask for exemptions in applying the sanctions. They did not say when that trip would take place.
Iran turns Iraq's territory into "ballistic missile base"
Saturday, 2018/9/1
In a move to increase instability in the region, Iran has moved dozens of short-range ballistic missiles to allies in Iraq over the past few months as it seeks to manufacture more missiles there amid mounting tension between Washington and Tehran and serious Israeli threats to Iran.
Iranian, Iraqi and Western sources said Tehran had supplied ballistic missiles to pro-Iraqi groups in order to stave off potential attacks on its interests in the Middle East and to have a way to hit its adversaries in the region.
This comes after Israeli Prime Minister Benjamin Netanyahu recently threatened to destroy Iran.
"The logic is that Iran has an alternative plan if it is attacked," an official told Reuters. "The number of missiles that have already been transferred to Iraq is not large - just a few dozen, but it can be increased if required."
He said the purpose of the missile transfers was to send a signal to the United States and Israel, especially after air strikes on Iranian forces in Syria, as well as a clear US military presence in Iraq.
"It seems that Iran is turning Iraq into a forward missile base."
According to intelligence sources, Tehran's decision to transfer the missiles was taken about 18 months ago by the use of armed factions in Iraq, but this activity has increased recently, including the arrival of rocket launchers.
"We have missile bases in many places, including Iraq. If America attacks us, our friends will attack the interests of America and its allies in the region," said a senior commander of Iran's Revolutionary Guards who served during the Iran-Iraq war in the 1980s.
The missiles involved are the earthquakes of Khazla, Fateh 110 and Zulfiqar, ranging from about 200 to 700 kilometers, putting Riyadh in Saudi Arabia and Tel Aviv in Israel at a distance that would allow them to be hit if they were deployed in southern or western Iraq. . The Jerusalem Brigade, the external arm of the Revolutionary Guards, has bases in these areas.
Three intelligence sources said Qods Force commander Qassim Soleimani was overseeing the program.
The factories used in the development of Iranian missiles are located in the areas of Zafaraniya, east of Baghdad, and Jafar al-Sakhr, north of Karbala. There is also a plant in Iraqi Kurdistan. These areas are controlled by armed factions close to Iran, according to the intelligence sources contacted by Reuters. The same sources said that Iraqis trained in Iran on how to use rockets.
According to an Iraqi intelligence source, the Zaafaraniya factory produced warheads and the ceramic material used in the manufacture of the missile blocks. The factory was renewed in 2016 by local groups with Iranian help. The same source pointed out that the missiles were tested near the cliff of the rock in Karbala also.
A US official, speaking on condition of anonymity, said Tehran had delivered missiles to allies in Iraq, but did not confirm the possibility of launching those missiles from their current positions.
Meanwhile, a White House official said the United States would continue to work with its partners and allies to counter destabilizing Iranian activities in the region, including Iraq, the US-based al-Hurra channel quoted the unnamed official as saying.
This came on the sidelines of press reports reported that the leader of the group, "Asaib Ahl al-Haq" Iraqi Qais al-Khazali training in Iranian camps during the invasion of Iraq in 2003, where revealed the minutes of US investigations with Khazali, was kept secret for ten years, was released recently, how Iran moved events In Iraq from behind the curtain after 2003 by providing financial and military support to militia leaders.
Khazali revealed training provided by the Revolutionary Guards to Iraqi militias in three bases near Tehran, including the base of Imam Khomeini. Procedures in Kirkuk to eliminate drug fraud
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Strategies to make the most of a wealth windfall.
For every inspirational rags-to-riches tale, there’s a cautionary one: the lottery winner who squandered her wealth or the sports star who went broke a few years after retirement.
A sudden influx of wealth can quickly and dramatically change a person’s life and lifestyle. But the challenges of managing a wealth windfall are many, and the consequences of mismanaging it are severe. “Many sudden-wealth recipients think they have more than they do, so they may develop unsustainable spending habits that they think can last forever,” says Garrett Buchanan, financial consultant for Northern Trust. “But they’re usually wrong.”
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SET GOALS
When you’re suddenly awash in cash, it may be only natural to immediately think of big-ticket purchases like new cars and exotic vacations.
Not so fast, Buchanan says: “It takes time to adjust to having wealth. A good place to start is with setting goals, both short-term and long-term. Think about what you want to accomplish with your wealth. It’s a paradigm shift, and to navigate through it successfully, you need to understand if you have enough to achieve your goals, and then if there is more left after that.”
Perhaps the best way to accomplish this is to create a plan that incorporates all aspects of your financial life. Using a Goals Driven Wealth Management approach, goals can be broken down into four major categories:
- Lifestyle: Do you have enough to live at a comfortable level?
- Dreams: What do you envision for your future?
- Family: How will you provide for your family?
- Legacy: Will you make a philanthropic impact?
A ROADMAP FOR WEALTH PLANNING
Your goals are unique, so the path you take to achieve them should be, too. With a Goals Driven Wealth Management approach, you can develop a dynamic wealth management plan focused on four key life-stage objectives: lifestyle, dreams, family and legacy. This approach provides specific considerations and strategies related to your goals at each stage of life. Once you identify your goals around each of these areas, it becomes much easier to associate dollars needed to fund those goals.
“When you suddenly have a large pot of money, you need well-defined strategies tied to specific objectives because otherwise there’s nothing to stop you from raiding the pot,” Buchanan says. That takes time and usually requires help.
10 COMMON FINANCIAL MISTAKES
Experiencing a sudden wealth windfall can present as many opportunities as challenges. If you’re the recipient of sudden wealth, keep in mind these 10 common financial mistakes:
- Not having a plan until crisis happens
- Not having – or monitoring – a good credit history
- Not having a sufficient cash reserve
- Letting someone else take care of your finances without review or awareness
- Maintaining inadequate health, life, disability, property and casualty insurance
- Living beyond your means
- Chasing the “hottest” investments
- Not properly designating beneficiaries on retirement plans and life insurance policies
- Not updating estate documents as life events occur
- Not reviewing your income taxes annually
HIRE AN ADVISOR
There are two distinct advantages to hiring a financial advisor, Buchanan says. First, an advisor can help educate you about exactly what you can – and can’t – expect to accomplish with your newfound wealth. Sudden-wealth recipients may not know how to estimate financial capacity, and an advisor who is familiar with managing large sums of money can help you develop a long-term plan based on long-term goals.
“Your advisor can tell you whether you can afford to put your kids through Harvard. Your advisor also can tell you how much you can spend every year without potentially running through your money,” Buchanan says. “It’s important to quantify those things before you start spending.”
Second, an advisor can act as a buffer between you and the many people who may ask for a piece of the pie. “You can use your advisor to be the bad guy,” Buchanan says. “You can tell your friends and family, ‘I’d love to help you out, but I’ve structured my financial plan in such a way that I have to demonstrate to my advisor that your request is of value.'"
MAKE ONE SPLURGE PURCHASE
In a perfect world, sudden-wealth recipients would stash their newfound wealth in a portfolio and refrain from spending it until they are prepared to do so wisely. Practically, however, it’s hard to sit on all that money, particularly for people who aren’t accustomed to having extra spending money. Spend some money, Buchanan says, but make it a singular, defined splurge – and then resume spending according to a disciplined plan.
“Splurge if you need to. Everybody’s got to get that itch to spend out of his or her system,” he says. “If you really want that sports car, you could consider getting one. Just know that you shouldn’t keep getting a new one every year for the rest of your life.”
APPLY SELF-DEFENSE
You know yourself. If you know that you won’t be able to resist frivolously spending the money in your account, don’t give yourself unrestricted access to so much money. Instead, consider putting some of the wealth in a trust, paying cash for your home or pursuing some other strategy that protects you from your lack of discipline. “It’s about understanding your weaknesses and your habits, and planning against them,” Buchanan says
OIL/COMMODITIES/ENERGY
Gold Prices Gain as Trump Considers Imposing Tariffs on $200B in Chinese Goods
Gold prices gained on Friday Read the full story
Metals Prices Plunge as Dollar Dashes Higher, Tariff Concerns Weigh
Investing.com© Reuters. Gold traded near a key level on Thursday. Read the full story
Opinion: Bulls could finally take a shine to gold in September
MarketWatchSeptember historically has been the most lucrative month to own gold, writes Mark Hulbert. Read the full story
Investing.com
© Reuters. Crude oil prices are set to post a monthly gain. Read the full story
BANKS/BANKING/CREDIT
Bruised bankers seek consolation prizes after shelved Aramco IPO
Reuters
Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Read the full story
David Rosa, CEO of Neat, says the minimum capital requirement of HK$300 million will rule out all but the biggest applicants Read the full story
Bank of America is facing backlash over reports that the company has frozen ... Read the full story
Another scandal at the California-based bank hasn't deterred the Oracle of Omaha's confidence. Read the full story
Reuters
Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Read the full story
Hong Kong virtual bank licence will be out of reach for all but a few, says fintech boss
South China Morning PostDavid Rosa, CEO of Neat, says the minimum capital requirement of HK$300 million will rule out all but the biggest applicants Read the full story
Bank Of America Faces Backlash After Freezing Accounts Over Citizenship Questions
HuffPostBank of America is facing backlash over reports that the company has frozen ... Read the full story
Scandal-plagued Wells Fargo still has friend in Berkshire's Buffett
Fox NewsAnother scandal at the California-based bank hasn't deterred the Oracle of Omaha's confidence. Read the full story
Nigeria: MTN Shares Plunge as Bank Fraud Exposed
AllAfrica(Photo: Daily Trust) MTN Group shares plunged on Thursday following sanctions imposed on the company by the Nigerian government. Reuters reports that the group's shares plunged to a nine year low by noon Thursday. The development comes a day after Nigeria ordered the telecoms group to repatriate $8.1 billion that the Central Bank of Nigeria (CBN) said was illegally sent abroad. The fine comes two years after MTN, Africa's biggest telecoms company, agreed to pay more than $1 billion to end a Read the full story
TREASURIES/BONDS/STOCKS
Will September, historically stocks' worst month, be a dud?
Fox Business
Here is what analysts expect. Read the full story
Was the financial crisis wasted?
MarketWatchIn the wake of the 2008 financial crisis, bank supervision has been strengthened, but Howard Davies warns that implementation remains inconsistent. Read the full story
Day Ahead: Top 3 Things to Watch
Investing.com© Reuters. Trump trade talk could move the market Friday. Read the full story
4 Financial Savants Warn About The Great Crash Of 2020
Forbes MagazineFour famous financial brainiacs say the market and the economy will take a painful slide within two years. Look out below. Read the full story
Investing.com
© Reuters. 5 key factors for the markets on Friday Read the full story
CRYPTO'S / DIGITAL CURRENCY
Bitcoin Lost 10% in August But May Have Made Long-Term Bottom
CoinDesk
CoinDesk
Bitcoin is reporting a monthly loss for August, but its quick recovery from lows below $6,000 likely indicates a long-term bottom has been made. Read the full story
Yahoo Finance Now Offers Trading of 4 Cryptos on Its iOS App
CoinDesk
Having tracked crypto prices for years, Yahoo Finance has now added a feature that lets users trade 4 cryptos on its iOS app, including dogecoin. Read the full story
Messaging Giant LINE Is Launching Its Own Cryptocurrency
CoinDesk
Japanese messaging giant LINE has become one of the first public companies to have launched a proprietary blockchain network with its own token. Read the full story
What’s the Best Analogy to Explain Cryptocurrency?
Slate
Someone recently said of bitcoin: “imagine if keeping your car idling 24/7 produced solved Sudokus you could trade for heroin.” Is that … right? Read the full story
This chart could explain why the bitcoin bubble hasn't fully burst
CNBC
Research shows bitcoin's price movements were closely linked to Google searches for the cryptocurrency. Read the full story
Apple Abruptly Orders Coinbase Wallet to Remove Crypto Collectible
CoinDesk
Coinbase went out of its way to get a new crypto collectible loaded onto its dapp store, but Apple had other plans. Read the full story
CURRENCIES
Forex- U.S. Dollar Falls as Trade War Continues
Investing.com
© Reuters. The U.S. dollar fell on Friday. Read the full story
Argentina's peso has now fallen a staggering 108% against the dollar so far this year
CNBC
Argentina is grappling with an unprecedented economic crisis, with the country's government taking dramatic steps to try to restore confidence in its freefalling currency. Read the full story
Central bank raises benchmark interest rate in an effort to stabilise the country's financial crisis. Read the full story
President Macri hits the road to convince bond lords Argentina won't default. Meanwhile, the peso is in freefall as Peronistas salivate. Read the full story
Yu Yongding says while the current depreciation in the yuan appears sharper than in the 2015-17 crisis that rattled investors, the PBOC has yet to intervene in the market the way it did then, signalling that it is serious about exchange rate reform Read the full story
CNBC
Argentina is grappling with an unprecedented economic crisis, with the country's government taking dramatic steps to try to restore confidence in its freefalling currency. Read the full story
Argentina raises rates as peso plummets
BBC NewsCentral bank raises benchmark interest rate in an effort to stabilise the country's financial crisis. Read the full story
Panic Button Hit On Argentina Peso
Forbes MagazinePresident Macri hits the road to convince bond lords Argentina won't default. Meanwhile, the peso is in freefall as Peronistas salivate. Read the full story
China’s yuan sinks, but neither its central bank nor investors are showing signs of panic
South China Morning PostYu Yongding says while the current depreciation in the yuan appears sharper than in the 2015-17 crisis that rattled investors, the PBOC has yet to intervene in the market the way it did then, signalling that it is serious about exchange rate reform Read the full story
INSURANCE / HEALTH / SCIENCE
How to Sleep: Ability to Dream May Be in the Genes
Newsweek
Researchers have found two key genes which may be crucial to dreaming. Read the full story
Scientists found brain’s internal clock that influences how we perceive time
Ars TechnicaA chocoholic rat named Marco helped scientists find special network of brain cells Read the full story
Even small medical debt can be big trouble
CBS NewsMore than half of all bills sent to collection agencies are for less than $600, with young people hit hardest Read the full story
Is Keto Cycling Healthy? Here's What to Know About the Controversial Diet
Health.comIt's been described as a less restrictive version of the ketogenic diet, but does it have the same risks and benefits? Read the full story
FDA: Do not use hundreds of drug products from King Bio Inc.
CNNDo not use water-based Dr. King's products made by King Bio Inc., the US Food and Drug Administration warned this week. "These products may pose a safety risk to people (especially infants, children, pregnant women and those with compromised immune systems), as well as pets." Read the full story
New Painkiller Is More Powerful Than Morphine Without the Side Effects
NewsweekResearchers developed an experimental painkiller option that's as powerful than morphine at a dose that's 100 times smaller. Read the full story
5 annuity stereotypes and why they're wrong
Fox BusinessSome advice to dispel those stereotypes and myths. Read the full story
USA/CANADA
Trump sounds itchy to fight EU on trade | Federal pay freeze not unprecedented
MarketWatch
President Trump has made clear the European Union won’t escape his ire over trade for long, Bloomberg News says. Read the full story
This past spring Detroit Superintendent Nikolai Vitti ordered testing of all 106 school buildings because of aging pipes and other plumbing problems. Read the full story
President Donald Trump told lawmakers on Thursday he wants to scrap a pay raise for civilian federal workers, saying the nation's budget couldn't support it. Read the full story
Trump speaks during an interview in the Oval Office on Aug. 30. President Donald Trump said the Iranian regime may collapse because of his administration’s policies, including leaving the international nuclear agreement with Tehran negotiated by his predecessor. “When I came into here, it was a question of when would they take over the Middle East,” Trump said Thursday in an Oval Office interview with Bloomberg News. “Now it’s a question of will they survive. It’s a big difference in one and a Read the full story
President Donald Trump said he would pull out of the World Trade Organization if it doesn’t treat the U.S. better, targeting a cornerstone of the international trading system. “If they don’t shape up, I would withdraw from the WTO,” Trump said Thursday in an Oval Office interview with Bloomberg News. Trump said the agreement establishing the body “was the single worst trade deal ever made.” A U.S. withdrawal from the WTO potentially would be far more significant for the global economy than even Read the full story
Trump speaks during an interview in the Oval Office on Aug. 30. President Donald Trump said Thursday his administration is examining how to determine whether countries are manipulating their currencies, a charge he’s repeatedly leveled against China that isn’t officially supported by the government. “It is a formula,” Trump said in an interview with Bloomberg News in the White House Oval Office. “And we are looking very strongly at the formula.” Trump speaks during an interview in the Oval Read the full story
Canada's deadline to sign onto a trade deal between the United States and Mexico is fast approaching. Here's what five experts had to say about trade and markets ahead of the big NAFTA deadline. Read the full story
MarketWatch
President Trump has made clear the European Union won’t escape his ire over trade for long, Bloomberg News says. Read the full story
Detroit shuts off drinking water in all schools after lead, copper contamination found
USA TODAYThis past spring Detroit Superintendent Nikolai Vitti ordered testing of all 106 school buildings because of aging pipes and other plumbing problems. Read the full story
Trump cancels annual pay raises for federal employees, saying budget can't support it
CNN PoliticsPresident Donald Trump told lawmakers on Thursday he wants to scrap a pay raise for civilian federal workers, saying the nation's budget couldn't support it. Read the full story
Trump Says Iranian Regime May Collapse Because of His Policies
BloombergTrump speaks during an interview in the Oval Office on Aug. 30. President Donald Trump said the Iranian regime may collapse because of his administration’s policies, including leaving the international nuclear agreement with Tehran negotiated by his predecessor. “When I came into here, it was a question of when would they take over the Middle East,” Trump said Thursday in an Oval Office interview with Bloomberg News. “Now it’s a question of will they survive. It’s a big difference in one and a Read the full story
Trump Threatens to Pull U.S. Out of WTO If It Doesn’t ‘Shape Up’
BloombergPresident Donald Trump said he would pull out of the World Trade Organization if it doesn’t treat the U.S. better, targeting a cornerstone of the international trading system. “If they don’t shape up, I would withdraw from the WTO,” Trump said Thursday in an Oval Office interview with Bloomberg News. Trump said the agreement establishing the body “was the single worst trade deal ever made.” A U.S. withdrawal from the WTO potentially would be far more significant for the global economy than even Read the full story
U.S. Looking at ‘Formula’ for China Yuan Manipulation, Trump Says
BloombergTrump speaks during an interview in the Oval Office on Aug. 30. President Donald Trump said Thursday his administration is examining how to determine whether countries are manipulating their currencies, a charge he’s repeatedly leveled against China that isn’t officially supported by the government. “It is a formula,” Trump said in an interview with Bloomberg News in the White House Oval Office. “And we are looking very strongly at the formula.” Trump speaks during an interview in the Oval Read the full story
Friday marks a big deadline for NAFTA — here's what five experts say about trade and markets
CNBCCanada's deadline to sign onto a trade deal between the United States and Mexico is fast approaching. Here's what five experts had to say about trade and markets ahead of the big NAFTA deadline. Read the full story
EMERGING MARKETS
Argentine peso and Turkish lira crash, putting pressure on emerging markets worldwide
CNBC
Emerging markets were rattled again, with the Argentine peso, Turkish lira and Indonesian rupiah tumbling overnight. The negative sentiment is set to weigh on other currencies in Asia, analysts say. Read the full story
Focus on Funds The classic emerging-markets nightmare seems to be playing out as the Argentine peso collapsed to a record low against the dollar, forcing the central bank to raise interest rates to an unprecedented 60%. The emergency move again raised the question of whether this crisis could spark a wider fallout, sending emerging markets tumbling. Yet, strategists still favor emerging markets. Argentina today has supplanted Turkey’s currency crisis in the news cycle, although both countries Read the full story
Investors overcame fears over a potential trade war and added money to domestic stocks and emerging markets in the latest week, Lipper data showed on Thursday. Read the full story
Here's what you need to know about the markets before you start your business day. Read the full story
Investors continue to pull cash from emerging markets amid concerns that the greenback's recent rally will pressure the cost of servicing some of the $3.7 trillion in debt taken on in the ten years since the global financial crisis. Emerging market currencies extended their declines against the U.S. dollar Thursday as investors continue to pull cash from some of the world's biggest developing economies amid concerns that the greenback's recent rally will pressure the cost of servicing some of Read the full story
CNBC
Emerging markets were rattled again, with the Argentine peso, Turkish lira and Indonesian rupiah tumbling overnight. The negative sentiment is set to weigh on other currencies in Asia, analysts say. Read the full story
Argentine Peso Collapse Doesn’t Harm View on Emerging Markets
Barron'sFocus on Funds The classic emerging-markets nightmare seems to be playing out as the Argentine peso collapsed to a record low against the dollar, forcing the central bank to raise interest rates to an unprecedented 60%. The emergency move again raised the question of whether this crisis could spark a wider fallout, sending emerging markets tumbling. Yet, strategists still favor emerging markets. Argentina today has supplanted Turkey’s currency crisis in the news cycle, although both countries Read the full story
U.S. fund investors favor stocks, emerging markets in week: Lipper
ReutersInvestors overcame fears over a potential trade war and added money to domestic stocks and emerging markets in the latest week, Lipper data showed on Thursday. Read the full story
Amazon on fire; NAFTA progress; Emerging market pain
CNN MoneyHere's what you need to know about the markets before you start your business day. Read the full story
Emerging Markets Continue to Slide as Dollar Pressures $3.7 Trillion Debt Wall
TheStreetInvestors continue to pull cash from emerging markets amid concerns that the greenback's recent rally will pressure the cost of servicing some of the $3.7 trillion in debt taken on in the ten years since the global financial crisis. Emerging market currencies extended their declines against the U.S. dollar Thursday as investors continue to pull cash from some of the world's biggest developing economies amid concerns that the greenback's recent rally will pressure the cost of servicing some of Read the full story
Donald Trump's in a rush to rewrite a NAFTA deal with Mexico, Canada. Don't hold your breath.
USA TODAYTrump may be in a hurry to ink a new trade deal with Mexico. But there are good reasons to believe this new NAFTA deal won't happen. Read the full story
MIDDLE EAST
The Weak are Slaughtered, the Strong Prevail: Netanyahu Says Israel Will Not Shy Away From Conflict
Newsweek
Weak nations "are erased from history while the strong, for good or for ill, survive," the prime minister said. Read the full story
Germany to boost funds for Palestinians after U.S. cut
ReutersThe German government has pledged to significantly increase its funding for the U.N. agency that supports Palestinian refugees after the United States cut its aid. Read the full story
Iran Warns No Oil Will Pass Through World's Most Important Route if U.S. Sanctions Work
NewsweekAfter the U.S. defense secretary said Iran was "on notice," the Islamic Republic's top general warned any attacking forces would "pay a heavy price." Read the full story
Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline
ReutersAn overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices. Read the full story
Iran is complying with nuclear deal restrictions: IAEA
TRT WorldIran is complying with nuclear deal restrictions: IAEA Read the full story
French call for more Iran negotiations 'bullying and excessive': Iran foreign ministry
ReutersA French call for further negotiations with Iran over its nuclear accord is "bullying and excessive," its foreign ministry said Friday, according to the Islamic Republic News Agency (IRNA). Read the full story
Exclusive: Iran moves missiles to Iraq in warning to enemies
ReutersIran has given ballistic missiles to Shi'ite proxies in Iraq and is developing the capacity to build more there to deter attacks on its interests in the Middle East and to give it the means to hit regional foes, Iranian, Iraqi and Western sources said. Read the full story
Iran helped arm, train Iraqi militias: report
Fox NewsAmerican Defense International Chairman Van Hipp reacts to news that Iran trained and armed Iraqi militias who attacked American troops during the Iraq war, according to declassified U.S. interrogation reports. Read the full story
AFRICA
Despite debt woes, Africa still sees China as best bet for financing
Reuters
Reuters
A wave of African nations looking to restructure debt with China on the eve of a major Beijing summit provides a reality check for the continent, where most countries still view Chinese lending as the best bet to develop their economies. Read the full story
South African Tycoon Ivor Ichikowitz On The U.K, Africa And How Best To Invest For The West
Forbes Magazine
Mfonobong Nsehe speaks to one of South African tycoon and philanthropist Ivor Ichikowitz, the founder of Paramount Group, to discuss as an engaged observer, the British Primer Minister's recent African visit and how best the U.K can effectively integrate. Read the full story
Zimbabwe: Telecoms Giant Launches Ecofarmer Club
AllAfrica
Econet Wireless Zimbabwe yesterday launched the EcoFarmer Club, which offers farmers access to a bundle of services that include agricultural commodity prices, valuable farming tips, relevant local weather information and a mobile trading platform which links farmers to buyers. Speaking at the launch of the EcoFarmer Club in Harare yesterday, Econet chief executive officer Douglas Mboweni, said the launch of the EcoFarmer Club in an agro-based economy demonstrated the company's quest to offer Read the full story
Tanzania: Over U.S.$1 Billion Loan to Fund Standard Gauge Railway
AllAfrica
AllAfrica
(Photo: Daily News) Dar es Salaam Tanzania is to receive a $1.46 billion loan (about Sh3.3 trillion at the prevailing exchange rates) from the British multinational banking conglomerate, Standard Chartered Group. The money will be spent on constructing the second-phase of the standard gauge railway (SGR) from Morogoro to Makutupora in Dodoma Region, the government announced Wednesday August 29. Speaking on the development in Dar es Salaam yesterday, Finance and Planning minister Phillip Mpango Read the full story
ASIA
Trade war: China suffers three-month export downturn as Donald Trump’s tariffs bite
South China Morning Post
Indicator of the export sector’s health shows lowest reading since China-US trade tensions escalated in March Read the full story
Asian Markets Fall; U.S. Tariffs, China PMI In Focus
Investing.com© Reuters. Asian markets fell in morning trade Read the full story
Asian stocks bruised by Trump's trade war threats
Business InsiderFILE PHOTO: Pedestrians walk pass an electronic board outside a brokerage in Tokyo Thomson Reuters By Hideyuki Sano TOKYO (Reuters) - Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports. Many emerging market currencies were also frail after Argentina's peso sank on Thursday despite the central bank's interest rate hike. MSCI's broadest index of Read the full story
The US is sending an unmistakable message to China — four B-52 bomber flights through the East and South China Seas this month
Business InsiderA pair of B-52H Stratofortress bombers U.S. Air Force photo by Airman 1st Class Gerald R. Willis US Air Force B-52H Stratofortress heavy long-range bombers, powerful weapons of war, have made multiple flights through the East and South China Seas this month. These flights are part of US Indo-Pacific Command's Continuous Bomber Presence mission, which aims to strengthen America's deterrence in the face of emerging threats. News of these flights comes on the heels of a Pentagon report that China's Read the full story
Trump wants to impose $200B China tariffs next week: Report
Fox NewsThe two countries have already imposed tariffs worth $50 billion on each others' imports. Read the full story
EUROPE
European stocks fall as trade uncertainty spikes again
MarketWatch
European shares fell on Friday, threatening to erase their gains for the week as uncertainty surrounding U.S. trade policy once again weighed on sentiment and seemed to cloud the economic outlook. Read the full story
The EU warns May that a Brexit breakthrough is still 'a long way off'
Business Insider
Dominic Raab and Michel Barnier to hold six hours of Brexit talks on Friday. The pair will take stock of Brexit talks before holding an afternoon press conference. The UK and EU are still a "long way off" a deal on the Northern Irish backstop, senior EU source tells BI. The pound surged this week following suggestions that Barnier and Emmanuel Macron were softening their Brexit positions. Both Barnier and French minister, Nathalie Loiseau, have shot down this suggestion. LONDON - UK and EU Read the full story
EU set to end switch between summer and winter time: Juncker
Reuters
The European Union's chief executive said on Friday the bloc was set to end the practice of switching between summer and winter time after a survey found most EU citizens against the practice. Read the full story
The City of London has gained a powerful ally in the fight to keep a key business in the UK post-Brexit
Business Insider
German, British and European Union flags fly in front of the Reichstag building in Berlin, Germany July 20, 2016. Germany's financial regulator BaFin has sided with the Bank of England and demanded that Brussels take action to prevent mayhem in the derivatives markets post-Brexit. The move shows an alignment with the BoE which has warned that $67 trillion of interest rate swaps and other derivatives could be in trouble if no political support is given to the banks. The EU Commission has so far Read the full story
Brexi Fears Could Still Get a Lot Worse
Barron's
With summer holidays ending, investors may start to focus on the possibility of a “no-deal Brexit.” A correction in the U.K.? Read the full story
EU Offer for No Auto Tariffs Is ‘Not Good Enough,’ Trump Says
Bloomberg
Trump Says Europe's Offer for No Auto Tariffs Isn't Good Enough President Donald Trump rejected a European Union offer to scrap tariffs on cars, likening the bloc’s trade policies to those of China. “It’s not good enough,” Trump said of the offer from Brussels during an Oval Office interview with Bloomberg News. “Their consumer habits are to buy their cars, not to buy our cars.” Trump’s comments come just hours after Trade Commissioner Cecilia Malmstrom told European Parliament lawmakers that Read the full story
Merkel backs Bavarian ally as center-right's EU Commission candidate: media
ReutersAngela Merkel has given her backing to fellow German conservative Manfred Weber's bid to front the center-right's campaign in next year's European Parliament elections, several German newspapers reported on Thursday. Read the full story
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI closed on Friday and Saturday
Kauaihn Chatter:
8-31-2018 Newshound Guru Adam Montana [...tell me what do you really think the value will be once this is RV...] I've been a long time supporter of a .10 RV.
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-30-2018 Newshound Guru Bloodloch With the larger 4 axis alliances of Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) totaling 136 seats BEFORE adding in the 2 largest Kurd alliances -- and the 2 opposing axis of Ameri and Malaki totaling 131 AFTER adding in an ALL Kurdish alliances, which is unlikely -- the Ameri and Maliki axis would still need to run the board of almost all remaining alliances to gain the 165 needed for control of government formation. The Kurds are wielding great influence right now and are likely playing brinksmanship to get a larger piece of pie at the table, or at least the 17% of the HCL they were Constitutionally promised. [post 2 of 2]
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
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ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles posted on PM Abadi's website.
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ARTICLE 2
Tweet posted on Government of Iraq twitter account:
Government of IraqVerified account @IraqiGovt 8-31-2018 around 6 am Eastern
As part of the @IraqiGovt strategy to support the private sector and create job opportunities, the Ministry of Trade recently granted a license to enable the establishment of 216 national companies, and 10 international company branches.
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ARTICLE 3
Leaders in al-Nasr nominate Fayadh to prime minister
2018/8/31 16:45
[Ayna-Baghdad]
Announced the leadership of the coalition victory, Faleh Fayadh nominated by leaders in the coalition to the premiership.
"We, as key leaders in the Al-Nasr coalition, announce the nomination of Faleh al-Fayadh for the presidency of the Council of Ministers, in the belief that we can achieve a government program that meets the aspirations of the citizens and their broad national acceptance," a statement from his office said.
The statement added that the candidacy came from "the belief of us [these leaders in victory] that the next government should reflect the aspirations and suffering of our people deprived of a decent life and environment free from corruption and in response to the field reading depth and emphasis on our project [Victory] Political does not adopt the sectarian standard and mechanisms of quotas abhorrent, but rather the principle of effective partnership, which holds everyone's national responsibility in a solidarity. "
On Thursday, Prime Minister Haider al-Abadi issued a decree exempting Faleh al-Fayadh from his duties as national security adviser, chairman of the Popular Lobby and the National Security Apparatus.
Al-Abbadi attributed his decision to isolate Fayyad leadership in his coalition victory "because of his involvement in political and partisan work and his desire to address political affairs and this is contrary to the sensitive security tasks that are conducted and based on the Iraqi constitution in the neutrality of the security and intelligence services and the law of the popular mobilization and regulations and instructions in this regard and our directives Prevent the exploitation of sensitive security posts in partisan activities. "
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ARTICLE 4
National" announced the nomination of Zobaie to the presidency of parliament officially
Friday 31 August 2018 10:39 pm
The coalition "national" led by Vice President Iyad Allawi on Friday, the nomination of leader Talal Zobaie to the presidency of the Iraqi Council of Representatives in its fourth session.
According to a statement issued by the coalition, his leadership held an extensive meeting this evening to discuss the latest developments and developments in the political situation and consultations underway to form the largest bloc in the presence of Iyad Allawi and Saleh al-Mutlaq and Salim Jubouri and Talal Zobaie.
The statement added that the meeting witnessed an exchange of views on the files presented, and was stressed on the unity and cohesion of the coalition and refused to engage in any understandings or alliances based on sectarian or sectarian basis and to confirm the move away from the parties and parties accused of corruption.
The statement pointed out that the meeting came out with a number of recommendations, most notably the agreement on the nomination of MP Talal Khudair al-Zobaie as Speaker of the Iraqi Council of Representatives, as well as the national blocs that want to rebuild this country and stay away from those who want to return Iraq to what it was in the past era.
The statement added that it was at the meeting to invite all political forces to renounce sectarian and sectarian encroachments and work to unify efforts behind a national project to consolidate the principle of partnership and national consensus and the advancement of Iraqi reality to safety.
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ARTICLE 5
Political source reveals the meeting of Najirvan Barzani and Barham Saleh
Saturday , 01, September 2018 12:39 pm
A political source familiar with Kurdistan, said that a meeting is currently held between the President of the Kurdistan Regional Government, Najirvan Barzani and Barham Salih.
The source said in a press statement, "The head of the Kurdistan Regional Government, Nechirvan Barzani, is currently holding a meeting with Barham Saleh to discuss the formation of the Iraqi government."
The source added that "there are reports about Saleh's candidacy for the presidency of the republic."
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ARTICLE 6
Scientists invent "Time Machine" for the first time!
2018/8/30 19:30
[Ayna-Follow]
The two worlds, Ben Tibbett of the University of British Columbia and David Tsang of the University of Maryland in the United States, developed the world's first mathematical model of the time machine.
The results of the new invention were published in the journal IOPscience, where the time machine, which they modeled, is supposed to be able to navigate past and future according to experts, who describe the machine as capable and capable.
The scientists used Einstein's theory of relativity to create a theoretical mathematical model of the time machine called TARDIS, which was named after the name of the time machine and the space ship in the British series Doctor Who.
According to scientists, people need to take the four dimensions of the universe to be understood and not treated as a three-dimensional space, so that time represents the fourth dimension, a mechanism that allows researchers to adopt the temporal dimension and apply it in all directions that can be connected in space and time in the curvature of the universe.
On the other hand, it is known that it is impossible to "build" the time machine realistically, based on the TARDIS model, because that requires first finding a new type of material capab
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