WOTS Friday 10/19/18:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | | | 1,173.7000 | 1,173.7000 | 1,173.7000 | | 20:00 |
| USD/VND | | | 23,316.5000 | 23,127.8000 | 23,127.8000 | | 04:15 |
| USD/CNY | | | 6.9403 | 6.9265 | 6.9367 | | 06:27 |
| USD/KWD | | | 0.3029 | 0.3022 | 0.3028 | | 06:26 |
| GBP/USD | | | 1.3046 | 1.3013 | 1.3019 | | 06:29 |
| USD/IRR | | | 12,048.0000 | 12,048.0000 | 12,048.0000 | | 17:51 |
| USD/IDR | | | 15,327.7000 | 15,168.0000 | 15,327.7000 | | 06:29 |
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DC NY Iraq Articles:ddd
Iraq ranks 112th in the world and fifth in the list of the best democratic countries
Friday, October 19,
Alsumaria News / Baghdad
A report by the British Economist Unit showed that Iraq is ranked fifth among the best democratic Arab countries.
A report by the British Economist Unit showed that Iraq is ranked fifth among the best democratic Arab countries.
The report of the Economist Unit shows the level of democracy in 167 countries around the world, and it ranks it on several considerations, such as the nature of the electoral process, civil liberties, political culture, pluralism and others.
Tunisia ranks 69th in the world, the first in the Arab world followed by Morocco 101 in the world, the second in the Arab world, then in Lebanon, 104 in the world, the third in the Arab world, then in Palestine, 108 in the world, the fourth in the Arab world, then in Iraq, 112 in the world, the fifth in the Arab world,
Norway ranks first in the world, Iceland, Sweden, New Zealand, Denmark, Ireland, Canada and Australia.
In its tenth edition, the report classifies democracies into four categories:
1. Full democracies 2. Dismant democracies 3. Mixed systems 4. Dictatorship systems
1. Full democracies 2. Dismant democracies 3. Mixed systems 4. Dictatorship systems
The report shows that 52 countries around the world have been classified as dictatorships, accounting for 34% of the world's population. While only 4.5% of the world's population lives under pure democratic systems.
EU President Calls on Erbil, Baghdad to Continue Peaceful Dialogue
ERBIL - President of the European Parliament Antonio Tajani has called on the Kurdistan Region and Iraq to carry on their peaceful dialogue in hopes of resolving the issues between the sides.
Talking to Kurdistan 24, the European parliament top official made the remarks on Wednesday when he was asked by the news agency's correspondent if what message the Council of the European Union had for Kurdistan and Iraq.
"Of course, our message is always about peace and stability," Tajani told Kurdistan 24. "Peace and dialogue between the relevant parties."
Ties between Erbil and Baghdad started to deteriorate after an independence referendum was held in the region.
He is launching an attack on the headquarters of the Special Operations Regiment in Anbar
2018/10/19 00:32 235 Editor: hr
Baghdad today - Anbar
A security source said Thursday night that the elements of an organization launched an attack on the headquarters of the Special Task Force, in Anbar province.
The source said in an interview with (Baghdad today), "the organization is calling for an attack on the headquarters of the Special Task Force in Kilo 35 west of the district of Ramadi, Anbar province."
The source added that there were "reports of the injury of 4 members, including an officer, during the attack."
A possible $ 2 billion contract between Siemens and GE to supply Iraq with electricity
18-10-2018 01:49 PM
The Euphrates -
Siemens is likely to have to share billions of dollars with its rival, General Electric, to develop Iraq's power supply system after an intervention by the administration of US President Donald Trump, the Financial Times said.
The newspaper said, quoting informed sources that the US government intervened in favor of General Electric and put pressure on the Iraqi government.
Although no decision has been made so far, Siemens has been the favorite candidate to win a power supply contract for 11 gigawatts in Iraq in a deal worth about $ 15 billion.
GE, which is facing a severe slowdown in its electricity sector, is now expected to receive a large part of the deal that could be included in its statements when it reports its third-quarter profit on Oct. 30.
General Electric could not be reached for comment. Siemens did not give up hope of winning part of the contract.
"Our talks with the government are continuing and we look forward to entering into a formal agreement to provide reliable electricity at an affordable and sustainable price for Iraq," a Siemens spokesman said.
Siemens chief Joe Kaiser traveled to Iraq in September and spoke with outgoing Prime Minister Haider al-Abadi about the contract.
Adel Abdul Mahdi was then prime minister in Iraq.
US pressure for General Electric increased, the report said.
In February, Siemens offered to build new power plants in Iraq over a four-year period of 11 gigawatts. This increase in production will increase the number of Iraqis with reliable electricity by 50 percent to 23 million.
The Siemens contract could fetch nearly 11 billion euros ($ 12.70 billion) and support its energy sector, which saw a 60 percent decline in profits in the first three quarters of this year.
"The road map of Iraq is one of Siemens' top priorities and we are fully committed to it," a Siemens spokesman said.
"We presented our document of the Iraq Electricity Production Roadmap to the Iraqi government in February. Since then we have held a series of meetings and received a positive response from the government to develop the country's electricity infrastructure. '
Al-Allaibi calls on US oil companies to participate and invest in liquidation and gas projects
Iraq News Now
14:17 18/10/2018
Baghdad / Al-Ghad Press:
Oil Minister Jabbar Ali Hussein al-Luaibi on Thursday called on US oil companies to participate and invest in liquidation projects, gas and infrastructure.
The oil minister, Jabbar Ali Hussein al-Luaibi, received today, Deputy Assistant Secretary of State Andrew Beck and the US ambassador to Baghdad, Douglas Seelman and the accompanying delegation," said the Office of Allaibi media in a statement received by "Al-Ghad Press" During the meeting discussed ways to strengthen bilateral cooperation between the two countries in the oil and gas sector.
Al-Luaibi stressed on the importance of strengthening relations and development in all fields, especially in oil and gas. He called on American oil companies to "participate and invest in liquidation projects, gas, infrastructure and others because of their expertise and advanced technology in this field."
In the document .. Decoupling nine oil companies from the Ministry of Oil
18/10/2018 2:23 pm
(Watan News) - Baghdad
Published by the agency (Watan News) on Thursday, an official document showing the disengagement of nine oil companies from the Ministry of Oil.
"The company decided to disconnect companies (Oil Exploration Company, Oil Marketing Company, Iraqi Drilling Company, Basra Oil Company, North Oil Company, Missan Oil Company, The oil company of Dhi Qar, the Iraqi oil tanker company) from the Ministry of Oil to the National Oil Company and transfer to it all the rights and obligations related to licensing rounds. " Parliamentarians are treacherous
Articles Thursday, October 18, 2018 at 14:37 PM
By: Hadi Glow Meri
I was surprised by a large number of parliamentarians, who are standing in the information department of the Iraqi Council of Representatives presented by a deputy of an Islamic party representing the province of the Middle Euphrates, followed by a statement in which it called for ensuring fair representation in the parliament and its committees and the ministries of state in the next government planned, did not exclude even the security posts that Some of them want to turn their attention to Iraqi women, and this is a justifiable right as it is in other countries in the world.
From the period of nominating MP Sarwa Abdul Wahid for the post of President of the Republic in the face of the Kurdish leader and current President Barham Salih, it seems to recognize that the position is granted only in accordance with the agreement of quotas beyond the granting of the Kurdish component, and beyond that to a specific point, which objected to the Democratic Party, In his objection, he is a position for all Kurds, as it is for all Iraqis.
Of the deputies of the parliament who stood in the information department claims their right to minister, administration, head and hatching voted for Abdul Wahid against Barham Saleh, did not receive the opinion of the party and its component and political group? I am sure that their number is very bleary, and perhaps did not find the sarcophagus of the vote of the women of the parliament where they surrendered to their real capacity, while speaking to the screenwriters: they are free of courage, able to act and influence and theorizing. Sarwa Abdul Wahid found herself alone in the face of the other candidate because everyone agrees to be part of the sectarian and ethnic quotas that killed Iraq, and ripped his body and cut him apart, which gives a real impression to the observers that the responsibility is on television, or newspaper, The current reality Parliamentary women are subject to the dictates of the political bloc and the party, not to their free and conscious will. Sarwa Abdel Wahid is a voice in the Kurdish opposition, and has a unique role to offer to difficult questions, harassment and serious challenges, and paid a high price for these positions, and perhaps it was possible to obtain the political gains rejected, and was worth the women Parliament, and instead of the distribution of jealousy and envy to give their votes to see The extent of solidarity with women in the parliament, and thus their voice becomes heard, and there are officials who respond to them, but to talk about their rights, and solidarity with each other is a hypocrisy.
With the participation of 300 investment companies .. Launch of Anbar Investment Conference in Jordan
With the participation of 300 investment companies .. Launch of Anbar Investment Conference in Jordan
18-10-2018 01:38 PM
The Euphrates -
Under the patronage of the local government of Anbar, the Fourth International Investment Conference was inaugurated in Amman, Jordan, in the presence of a number of central government officials and representatives of Arab and international investment companies.
"Anbar International Airport was a priority of the local Anbar government, as well as its interest in the electricity, health, oil and natural gas sectors," the Anbar Provincial Information Office said in a statement.
The statement pointed out that the representatives of Arab and international investment companies offered their companies and specialties, and expressed their strong desire to invest in the province in order to contribute to its reconstruction in light of the availability of fertile land to invest in it, especially in the liberated areas in order to ensure the return of stability to the returnees.
Kauaihn Iraq Articles:dd
Baghdad today - Anbar
Mullah al-Furat: Construction puts conditions on Abdul-Mahdi
Release date: 2018/10/19 0:21 • 4 times read
(Baghdad: Al-Furat News) A member of the Alliance for Reform and Reconstruction, Haider Mulla, said that the construction coalition set conditions on the Prime Minister-designate, Adel Abdul-Mahdi, for his participation in the ministerial cabin.
"Until now Abdul-Mahdi in ongoing dialogues with the blocs to form a government may lead to several directions and there are requirements and dictations tried by political blocs and I mean the coalition of construction."
"The leaders of the reform and reconstruction gave a large margin of freedom in the selection process, in the Mapal coalition building sets requirements on Abdul-Mahdi to participate in the government."
"It is important that the ministries take over political technocrats," Mullah said, adding that he would not be subject to political blackmail. "We are sure that he will not bow to him and if he does, the reform alliance will have a firm stance."
He pointed out that "the alliance of reform and reconstruction is a qualitative leap in the political process and boasts of the inclusion of representatives of the components and spectrums of the Iraqi people."
"The reform alliance believes in the need to open up internally and externally to establish relations based on mutual relations and respect for sovereignty, but there are those who believe in the logic of exclusivity," Mulla said. "There are few political blocs that do not have the maturity to go to the opposition and there is fear in the opposition across the street of unconstitutional mechanisms." With power and proved unsuccessful in past governments. "
"We are witnessing a peaceful discussion of power with a mature position and we commend Prime Minister Haider al-Abadi's handling of the prime minister's position positively
"The leaders of the reform and reconstruction gave a large margin of freedom in the selection process, in the Mapal coalition building sets requirements on Abdul-Mahdi to participate in the government."
"It is important that the ministries take over political technocrats," Mullah said, adding that he would not be subject to political blackmail. "We are sure that he will not bow to him and if he does, the reform alliance will have a firm stance."
He pointed out that "the alliance of reform and reconstruction is a qualitative leap in the political process and boasts of the inclusion of representatives of the components and spectrums of the Iraqi people."
"The reform alliance believes in the need to open up internally and externally to establish relations based on mutual relations and respect for sovereignty, but there are those who believe in the logic of exclusivity," Mulla said. "There are few political blocs that do not have the maturity to go to the opposition and there is fear in the opposition across the street of unconstitutional mechanisms." With power and proved unsuccessful in past governments. "
"We are witnessing a peaceful discussion of power with a mature position and we commend Prime Minister Haider al-Abadi's handling of the prime minister's position positively
Deputy for construction warns of internal fighting is coming and carries the parliamentary system responsibility
2018/10/19 00:05
Baghdad today - special
MP Abdel Hadi al-Saadawi warned of internal fighting in the coming years between the states created by the current parliamentary system.
"The parliamentary system in Iraq has not fulfilled its basic rules within the global parliamentary systems," al-Saadawi said in an exclusive interview with Baghdad today.
"The current parliamentary system has created small states within the Iraqi state according to the principle of quotas, partnership and other names," he said.
He pointed out that "these states are a big burden on the next government," adding that "the situation will explode in Iraq in the coming years, and there will be internal fighting between these states."
Al-Badairi reveals two governors who have not been sworn in in search of ministerial portfolios
2018/10/19 00:08
Baghdad today - Baghdad
The deputy of the Alliance for Reform and Reconstruction, Ali al-Badiri, the names of four governors won the membership of the new House of Representatives, did not take the constitutional oath.
"Basra governor As'ad al-Eidani, governor of Babel Sadik Meddul, Kirkuk governor Rikan al-Jubouri and governor of Baghdad Atwan al-Atwani have not yet sworn in," al-Badairi said in an exclusive interview.
"The conservatives are waiting for the ministries that will be given to them. If they do not get any portfolios, they will remain in their positions as governors."
Most of the new members of the House of Representatives were sworn in during the first parliament session at the fourth parliamentary session held on 3 September 2018. Officials holding positions in the current government, including conservatives who have not yet been sworn in, Which took place on 12 May.
He is launching an attack on the headquarters of the Special Operations Regiment in Anbar
2018/10/19 00:32
Baghdad today - Anbar
A security source said Thursday night that the elements of an organization launched an attack on the headquarters of the Special Task Force, in Anbar province.
The source said in an interview with (Baghdad today), "the organization is calling for an attack on the headquarters of the Special Task Force in Kilo 35 west of the district of Ramadi, Anbar province."
Transfer of ownership of nine government companies to the National Oil Company in Iraq
19/10/2018
Kurdistan24 Arbil
The parliament voted in March to set up a company to manage upstream operations in Iraq (Reuters)
Iraq Sumo National Oil Company
Erbil (Kurdistan 24) - Oil Minister Jabbar al-Allaibi issued a decision to transfer the ownership of nine state-owned oil companies, including the oil marketing company (Somo), from the ministry to the newly established national oil company.
The spokesman for the Ministry of Oil Assem Jihad said in a statement that Allaibi took the decision in his capacity as President of the National Oil Company, adding that the decision will be followed by "other steps in this framework."
The Iraqi government last week appointed al-Luaibi as president of the new national oil company, which will include state oil companies.
The positions of the company's president and oil minister are not linked to each other, but Allaibi is currently in charge.
The parliament voted in March to set up the company, which aims to manage upstream operations in Iraq, so that the ministry can devise plans and strategies to develop the sector.
The nine companies covered by Thursday's decision are Sumo, Oil Exploration Company, Iraqi Drilling Company, North Oil Company, Central Oil Company, Basra Oil Company, Dhi Qar Oil Company, Missan Oil Company and Iraqi Oil Tanker Company.
Prime Minister-designate Adel Abdul-Mahdi called on outgoing government officials to refrain from signing urgent contracts and any unnecessary appointments as well as not to take any other important decisions.
It was not clear whether his statement was relevant to Al-Allaibi's decision
Abadi talks about his future and the future of his political coalition and the position that will be expanded (expanded)
Date of release: 2018/10/18 22:23 • 190 times read
{Baghdad: Al-Furat News} Prime Minister Haider al-Abadi spoke about his future and the future of his political coalition and the position that will be determined.
Abadi said in a statement, received by the agency {Euphrates News} a copy of it, "We are on the transformation of the structure of state authorities, and I wanted to assure you the constants that I work for them and to avoid any interpretation does not match our vision and resolve.
"Since the formation of the victory coalition announced that victory is a national project on citizenship and democracy and development and sound construction of the state to ensure unity, well-being and sovereignty, regardless of our victory or loss of elections, and in any location we were, and the project of victory for all Iraqis, a project that includes entities, Victory as a project of the homeland and the fate of a free, secure and unified state, and today I renew to you to uphold the project of victory as a basis adopted and work for him in the Iraqi political arena. "
Abadi continued, "We will also re-produce the victory coalition as a comprehensive national project in proportion to the current and future developments. Therefore, I will inform you that I will not retire from politics regardless of any executive location. What concerns me is the safety of the victory project and its work as a national alternative based on the achievements of our era, Which we believe will bring unity, prosperity and sovereignty to our beloved country, build state institutions properly and fight corruption. "
He pointed out that "the next option and the basis I will adopt is the parliamentary prosecution with the victory bloc in addition to the political body outside the House of Representatives to lead the project of the comprehensive victory, which works to create the third force that express the class does not find itself ethnic sectarian blocs and also segments of the middle class and cultural and civil.
Al-Abbadi noted that "victory did not demand any ministerial position in the next formation, but may offer us sites in the equation of the next ruling, and found that a site serves our project and strengthens our position and impact and does not cause us to load projections and contradictions and consequences of what is going to be accepted with the emphasis on our rejection of the abhorrent quota" .
He stressed "our faith and determination to continue victory as a comprehensive structural project that varies politically, socially, informally and culturally, and as a national alternative capable of competing and dealing with the emergency and strategic changes of the political process and the future of the country."
"We have the balance of achievements, the public, the vital youth, the national elites, the project that crosses sectarian, ethnic and partisan barriers, and we have the internal and external acceptability of our discourse and approach, all of which are factors that force us to continue to win as a national project," he concluded.
"Since the formation of the victory coalition announced that victory is a national project on citizenship and democracy and development and sound construction of the state to ensure unity, well-being and sovereignty, regardless of our victory or loss of elections, and in any location we were, and the project of victory for all Iraqis, a project that includes entities, Victory as a project of the homeland and the fate of a free, secure and unified state, and today I renew to you to uphold the project of victory as a basis adopted and work for him in the Iraqi political arena. "
Abadi continued, "We will also re-produce the victory coalition as a comprehensive national project in proportion to the current and future developments. Therefore, I will inform you that I will not retire from politics regardless of any executive location. What concerns me is the safety of the victory project and its work as a national alternative based on the achievements of our era, Which we believe will bring unity, prosperity and sovereignty to our beloved country, build state institutions properly and fight corruption. "
He pointed out that "the next option and the basis I will adopt is the parliamentary prosecution with the victory bloc in addition to the political body outside the House of Representatives to lead the project of the comprehensive victory, which works to create the third force that express the class does not find itself ethnic sectarian blocs and also segments of the middle class and cultural and civil.
Al-Abbadi noted that "victory did not demand any ministerial position in the next formation, but may offer us sites in the equation of the next ruling, and found that a site serves our project and strengthens our position and impact and does not cause us to load projections and contradictions and consequences of what is going to be accepted with the emphasis on our rejection of the abhorrent quota" .
He stressed "our faith and determination to continue victory as a comprehensive structural project that varies politically, socially, informally and culturally, and as a national alternative capable of competing and dealing with the emergency and strategic changes of the political process and the future of the country."
"We have the balance of achievements, the public, the vital youth, the national elites, the project that crosses sectarian, ethnic and partisan barriers, and we have the internal and external acceptability of our discourse and approach, all of which are factors that force us to continue to win as a national project," he concluded.
Parliament on a date with the cabinet reshuffle next Sunday and Allawi's coalition reveals its details
19/10/2018 BAGHDAD / The National Coalition MP, Triumph al-Jubouri, on Thursday, the date when the President-designate Adel Abdul-Mahdi, his cabinet to parliament.
"According to the data available to us from yesterday night to today, the president-designate Adel Abdul-Mahdi will submit his cabinet to parliament on Sunday or Monday of next week," Jubouri told Iraq News.
"Most of the political blocs submitted their candidates to the president-designate and there are some candidates are deputies or former ministers and therefore remains the last choice of the president-designate and according to the criteria that he has developed."
The office of Prime Minister-designate Adel Abdul-Mahdi announced on Wednesday the intention to present his cabinet next week.
The Information Office of the Prime Minister-designate, in a statement received, "appointed Iraq News," that "Abdul-Mahdi intends to submit the names of members of his ministerial group with the ministerial platform next week."
The statement added that "Abdul-Mahdi is conducting his contacts required with the Presidency of Parliament and with the leadership and parliamentary blocs to determine the appropriate day to submit the names of his ministerial formation."
Saleh stresses the importance of forming the government in accordance with constitutional times
Date of release: 2018/10/18 15:28 • 100 times read
(Baghdad: Al-Furat News) President Barham Saleh confirmed the importance of forming a government in accordance with constitutional times.
"President Barham Saleh received at the Peace Palace on Thursday morning 18 Turkmen delegations, including a number of political and social figures headed by Sheikh Mohammad Taqi al-Mawla. At the outset of the meeting, the delegation extended its congratulations to President Barham Salih on the occasion of the occasion. Taking his official duties as President of the Republic, wishing him success and success. "
"The president stressed the importance of forming a government according to constitutional standards, a government that respects the rights of all the Iraqi people and provides basic services to them," he said, adding that he expressed his pride in the Turkmen component, stressing the importance of his role in the political process and support peaceful and civilized coexistence in Iraq.
In turn, the delegation renewed the visit according to the statement, "his support for the President of the Republic in the performance of his tasks to make the success of the democratic process and building a new Iraq and overcome all the obstacles encountered by the political process in the previous stages."
In turn, the delegation renewed the visit according to the statement, "his support for the President of the Republic in the performance of his tasks to make the success of the democratic process and building a new Iraq and overcome all the obstacles encountered by the political process in the previous stages."
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Today in History
Today is Thursday, Oct. 18, the 291st day of 2018. There are 74 days left in the year.
https://www.washingtonpost.
The deficit is rising, so Republicans want to cut Social Security and Medicare
Vox
The GOP agenda is cutting corporate taxes while also cutting government benefits. Read the full story
Wayne T. Essex Essex and Associates Inc
October 15, 2018
President Trump's son-in-law Jared Kushner has likely paid little to no federal income tax for the past several years despite a soaring net worth estimated at more than $300 million, according to a recent New York Times report.
The conclusion was drawn from several experts the Times consulted to review more than 40 pages of confidential documents it received about Kushner's finances from 2009 to 2016.
His unusually low tax burden has been attributed to having a really good tax accountant who took full advantage of where real estate investors like him can offset financial gains by writing off losses citing depreciation of their buildings.
The tax code regarding depreciation assumes that real estate values decline annually, although often property values actually increase. The provision is intended to shield real estate developers from having their investment value decrease from wear and tear on their buildings, but in practice it results in wealth accumulation, not depreciation, to developers.
Despite the finding, the Times notes: "Nothing in the documents suggests Mr. Kushner or his company broke the law. A spokesman for Mr. Kushner's lawyer said that Mr. Kushner 'paid all taxes due.'"
Donald J. Trump, his father, is reported to have paid minimal taxes, even though his net worth is around four billion dollars, over the last twenty years.
The wealthiest people in America are small business owners and real estate investors.
You may love or hate the Trump family but you must admire their tax savvy.
To maximize your wealth do three things:
- Have a small business
- Invest in real estate
- Have a great tax accountant
Wishing you many happy returns,
OIL/COMMODITIES/ENERGY
Last Week's Gold Breakout Wasn't "Real" - Bloomberg Intelligence
TheStreet
TheStreet
Stocks haven't seen highs yet; more risks ahead for gold Last week's rally in gold was only temporary, and more headwinds lie ahead for the yellow metal, according to Andrew Cosgrove, global head of metals & mining research at Bloomberg Intelligence. "I don't think this is the real breakout. I don't think this is 'the' [equity] selloff. I do think the dollar has more upside. Because of those two main reasons, I don't think this is the real breakout, but I do think it's definitely carving out a Read the full story
Gold Slips, Halting 2-day Climb; $1,250 Still in Sight
Investing.com
Investing.com
© Reuters. Gold down, but on track to a $1,250 target. Read the full story
Gold Prices Hold Near Multi-Month Highs Ahead of Fed Minutes
Investing.com
© Reuters. Gold stays near multi-month highs. Read the full story
Top strategist: Saudi tensions keeping oil prices elevated
CNN Business
Deutsche Bank Chief U.S. Equity & Global Strategist Binky Chadha tells CNN's Richard Quest that oil prices are too expensive, given other market metrics. Read the full story
US is the largest oil, gas producer 'on face of the planet': Ryan Zinke
Fox News
The U.S. can produce 14 million barrels of oil per day by 2020, the head of the Interior Department said. Read the full story
BANKS/BANKING/CREDIT
Seven international banks agree to launch digital trade finance network
Reuters
Reuters
Seven banks, including HSBC and Banco Santander, have signed a Memorandum of Understanding (MoU) to create a global digital network in trade finance aiming at allowing cheaper and easier funding for corporates, a Santander manager said on Wednesday. Read the full story
Bank of America Is Missing Out on Wall Street’s Boom
The Wall Street Journal
Bank of America’s purchase of Merrill Lynch was supposed to make it a top-flight global investment bank. A decade later, it is struggling to make good on that promise. Read the full story
Is Your Bank Ready For The Next Crisis?
Forbes Magazine
Equity makes banks stable. Maybe we should go all out with 100% equity. Read the full story
Why Public Service Loan Forgiveness Is So Unforgiving
NPR
Ninety-nine percent of applications for Public Service Loan Forgiveness have been denied. A former student loan watchdog saw it coming. Read the full story
I always use my Chase Sapphire Reserve to book holiday travel — here's why you should do the same
Business Insider
Business Insider
When booking holiday travel, plan ahead in case there are delays - leave yourself as much time as you can, and buy your tickets with a credit card that offers trip and baggage delay insurance. The Chase Sapphire Reserve and Chase Sapphire Preferred Card both offer generous delay benefits. You - and other travelers whose tickets you paid for with the card - are covered for up to $500 for emergency purchases like hotel rooms, food, toiletries, changes of clothes, chargers, and anything else you Read the full story
TREASURIES/BONDS/STOCKS
China is not a currency manipulator — What you need to know in markets on Thursday
Yahoo Finance
Yahoo Finance
A busy day of earnings awaits investors on Thursday with American Express, PayPal, and insurance giant Travelers among the highlights while markets will continue to search for stability after last week's chaos. Read the full story
Billionaire Ray Dalio: This is the 'biggest mistake' that most investors make
CNBC
Bridgewater Associates founder Ray Dalio explains a lesson from history that investors should learn in order to avoid buying high and selling low. Read the full story
Bond Traders Are Paid Big to Dump U.S. Treasuries and Go Abroad
Bloomberg
There’s never been a more profitable time for U.S. investors to ditch Treasuries and go abroad. By now, everyone knows Treasuries have been a lousy bet. But because of a quirk in the way currency markets work, there’s even less reason for investors to park their money in U.S. government bonds. Those with dollars to spare can lock in historically high returns in Europe and Japan, even though yields in the two markets are among the lowest in the developed world. In fact, dollar investors are Read the full story
Rate hikes will squeeze economy, markets: Harvard economist
Fox News
The Federal Reserve should have started raising rates three years ago, according to Martin Feldstein. Read the full story
Top 5 Things to Know in the Market on Thursday
Investing.com
© Reuters. 5 key factors for the markets on Thursday Read the full story
CRYPTO'S / DIGITAL CURRENCY
3 Hurdles Could Complicate Bitcoin's Price Recovery
CoinDesk
CoinDesk
Forcing a bitcoin price breakout is looking anything but easy for the bulls, with several major resistance levels lined up ahead. Read the full story
CME: Average Daily Volume for Bitcoin Futures Grew 41% in Q3
CoinDesk
Average daily volumes for bitcoin futures trading saw a significant jump in the third quarter compared to the last period, according to CME Group. Read the full story
Wallet Provider Blockchain Is Backing Crypto Giveaways In a Big Way
CoinDesk
Cryptocurrency wallet and data provider Blockchain.info is launching a program to assist crypto projects distributing free tokens to users worldwide. Read the full story
Did American Express Get Caught Spreading 'Anti-Crypto Propaganda'? - Bitcoinist.com
Bitcoinist.net
US multinational financial services corporation American Express (AMEX) has appeared to join the traditional finance entities publicly criticizing cryptocurrency. Energy Usage: Fact Or FUD? As social media users noted October 15, the company recently “promoted” a post by Bloomberg’s TicToc Twitter-based news portal which claimed the cryptocurrency industry “is using more energy than all the world’s electric vehicles.” Beneath the post, which consists of a 100-second video with various figures Read the full story
3 Hurdles Could Complicate Bitcoin's Price Recovery
CoinDesk
Forcing a bitcoin price breakout is looking anything but easy for the bulls, with several major resistance levels lined up ahead. Read the full story
CURRENCIES
Forex - Dollar Rides Euro, Sterling Slump Higher; Fed Minutes Eyed
Investing.com
Investing.com
© Reuters. The dollar edged higher Wednesday ahead of the Fed's minutes. Read the full story
Forex - Dollar Dips, but Fed Minutes Keep Rate Hikes on the Table
Investing.com
© Reuters. Dollar dips, but Fed minutes keep rate hikes on the table Read the full story
Dollar at one week high after hawkish Fed minutes; Asia stocks capped
Reuters
Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve's latest meeting showed broad agreement among board members on the need to raise borrowing costs further. Read the full story
Brits suggest new faces for the upgraded £50 banknote
Daily Mail
Everyone from Gareth Southgate to Phillip Schofield has been put forward as a possible candidate to feature on the new design after ministers shelved plans to scrap the currency. Read the full story
Australian dollar falls - Inside Retail
Inside Retail
Aussie dollar falls overnight. The post Australian dollar falls appeared first on Inside Retail. Read the full story
Asia Stocks Look Mixed; Yuan Steady on FX Report: Markets Wrap
Bloomberg
Stocks in Asia are set for a muted start, mirroring their U.S. counterparts, after a mixed bag of earnings and concerns over rising rates weighed on investor confidence. Treasuries fell and the dollar jumped as Federal Reserve minutes appeared to lean toward more interest-rate increases. The yuan was steady after the U.S. Treasury refrained from naming China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war. Japanese equity-index Read the full story
Forex - Yuan Slips as U.S. Declines to Label China a Currency Manipulator
Investing.com
© Reuters. The Chinese yuan slipped against the dollar Read the full story
INSURANCE / HEALTH / SCIENCE
A Polio-Like 'Mystery Illness' Is on the Rise, and the CDC Is Concerned. Here's What You Should Know
Health.com
Health.com
Cases have increased since 2014, mostly among children. Read the full story
An outbreak of acute flaccid myelitis, the polio-like illness, is affecting kids
Vox
127 people are believed to be sick with the illness, and their average age is 4. Read the full story
UN: Ebola outbreak is worrying but not a global emergency
ABC News
UN says Congo's latest Ebola outbreak is worrying but not a global emergency Read the full story
Microplastics found in 90 percent of table salt
National Geographic
National Geographic
A new study looked at sea, rock, and lake salt sold around the world. Here’s what you need to know. Read the full story
22 burger chains given "F" over antibiotics -- only 2 get "A" rating
CBS News
Only two chains -- Shake Shack and BurgerFi -- received an "A" rating Read the full story
UnitedHealth Group's Value-Based Care Spend Hits $69 Billion
Forbes Magazine
UnitedHealth Group says it’s paying almost half of its reimbursements – or $69 billion – via value-based care models. Read the full story
USA / CANADA
U.S. Spares China From Yuan-Manipulator Label Amid Trade War
Bloomberg
Bloomberg
The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the U.S. will closely watch the yuan after its recent slide. “Of particular concern are China’s lack of currency transparency and the recent weakness in its currency,” Treasury Secretary Steven Mnuchin said in a statement. “We will continue to monitor and review China’s currency practices, including Read the full story
U.S. arrests Treasury employee accused of leaking bank records on Manafort, Gates
Bloomberg
Bloomberg
President Donald Trump’s hunt for leakers in his administration snared a senior Treasury Department employee who was charged with giving a journalist bank records about suspicious transactions involving Paul Manafort, Rick Gates, and accused Russian agent Maria Butina. The prosecution of Natalie Mayflower Sours Edwards is intended to send a signal that Treasury will punish violations of a law designed to protect sensitive client information that banks flag to the department, said a senior Read the full story
Trump calls for 5 percent cuts to executive departments after deficit increases
ABC News
Trump said getting rid of "fat and waste" would have a "huge impact." Read the full story
Fed appears committed to gradual tightening despite Trump criticism
CNN Business
President Donald Trump's repeated complaints about rising interest rates appear to be having no impact on policy so far. Read the full story
US named the world's most competitive economy
CNBC
The United States was named the world's most competitive economy by the World Economic Forum on Wednesday. Read the full story
US troops increasingly fear that a major war with Russia or China is just around the corner
Business Insider
Nearly half of all current military troops believe the United States will be drawn into a major war soon, a jarring rise in anxiety among service members worried about global instability in general and Russia and China in particular, according to a new Military Times poll of active-duty troops. About 46 percent of troops who responded to the anonymous survey of currently serving Military Times readers said they believe the U.S. will be drawn into a new war within the next year. That's a jarring Read the full story
Canada legalizes recreational marijuana
CNN
Many Canadians celebrated Wednesday as marijuana was sold legally in their country for the first time. Read the full story
Canada Today Becomes the Second Country to Legalize Weed. Here's What It Can Learn From the First
FORTUNE
Canada legalized the sale of marijuana for recreational use starting last night. The federal government set a few baseline rules and left others to the provinces. That differs from the U.S., where many states have decriminalized or outright legalized use of marijuana ranging from medical to recreational while the U.S. federal government has turned a blind eye to the whole affair But turning a blind eye turns out to have consequences, too. Until yesterday Uruguay was the only country to have Read the full story
EMERGING MARKETS
U.S. eyes more Venezuelan sanctions, but oil on backburner: U.S. official
Reuters
Reuters
The United States plans to turn up sanctions pressure on Venezuela but sees less need to immediately target its energy sector, given sagging production from the OPEC member's state-run oil company, a senior U.S. administration official said on Wednesday. Read the full story
This Is What the Fastest Growing Emerging Economies Have in Common
FORTUNE
By 2030, emerging markets will account for 62% of total growth in global consumption, the equivalent of $15.5 trillion in spending. But some countries are developing more quickly than others. Anu Madgavkar, a partner at McKinsey Global Institute, the business and economics research arm of consulting firm McKinsey, evaluated nearly 70 countries to identify the “overachievers” in emerging markets. Her team found that seven nations—China, South Korea, Singapore, Hong Kong, Malaysia, Indonesia, and Read the full story
Fed signals more rate hikes despite emerging market 'stress'
Sky News
The US Federal Reserve has signalled there will be another rise in interest rates this year, despite opposition from the White House and growing concerns about the impact on emerging market economies. Read the full story
Unifonic, dubbed the Twilio of emerging markets, closes $21M Series A round
TechCrunch
Those of you familiar with the incredible rise of Twilio, which came along to ... Read the full story
Opinion: Adding emerging markets to your stock portfolio is tougher than it looks
MarketWatch
Large differences in returns between countries affects choice of active or index management, writes Mark Hulbert. Read the full story
Spain to lead Japan in global life expectancy, US continues to to slide
CNN
Spain will overtake Japan's long-held position at the top of the world's life expectancy rankings by 2040. The United States is set to take a big fall in global rankings, according to new research. Read the full story
FBI agents raid San Juan, Puerto Rico city offices in fraud, obstruction investigation
USA TODAY
When asked if San Juan Mayor Carmen Yulín Cruz was implicated, an FBI agent said, "We are going to follow the investigation where it leads us." Read the full story
Venezuela’s foreign creditors try to lay claim to Citgo
The Washington Post
If the oil company is seized, it could choke off a reliable source of cash for the already struggling country. Read the full story
MIDDLE EAST
U.S. imposes sanctions on Iraq-based money exchange for Islamic State ties
Business Insider
Business Insider
WASHINGTON (Reuters) - The U.S. Treasury imposed sanctions on Wednesday on an Iraq-based money exchange company, Afaq Dubai, suspected of being linked to the Islamic State militant group, the Office of Foreign Asset Control said in a statement. (Reporting by David Alexander) Read the full story
Is There Hope for Reform in Post-Election Iraq?
Foreign Affairs Magazine
Foreign Affairs Magazine
New Leaders Will Have Trouble Confronting the Corrupt Powers That Chose Them Iraq has a new president and prime minister, but the way they gained power strongly suggests that their appointments were the result of muhasasa dealings rather than the functioning of parliamentary democracy. If this turns out to be true, any efforts they make to reform Iraq’s corrupt government will be hampered by the debts they owe to the powers that put them in place. Read the full story
Iraq PM-designate to present new cabinet for approval next week: statement
Reuters
Iraq's prime minister-designate Adel Abdul Mahdi said on Wednesday he would present a new cabinet to parliament for approval next week. Read the full story
Siemens may have to share big Iraq power contract with GE - Financial Times
Reuters
Siemens may have to share a multi-billion dollar deal with U.S. rival General Electric to improve Iraq's energy supply system following an intervention by President Donald Trump's administration, The Financial Times reported on Wednesday. Read the full story
Turkish police arrive at residence of Saudi consul to conduct search over disappearance, alleged slaying of Saudi writer
ABC News
ABC News
Turkish police arrive at residence of Saudi consul to conduct search over disappearance, alleged slaying of Saudi writer Read the full story
Pompeo meets with Turkey's leaders amid growing diplomatic crisis over missing journalist
NPR
The U.S. secretary of state is in Ankara, where the Turkish government alleges journalist Jamal Khashoggi was murdered by Saudi agents, a charge Riyadh denies. Read the full story
AFRICA
Zimbabwe: U.S.$400,000 Golden Handshake for Ex-Gweru Town Clerk
AllAfrica
AllAfrica
Former Gweru town clerk Mr Daniel Matawu is set to get a $400 000 golden handshake from his former paymaster as exit package and salary backpay, The Herald has learnt. The Herald has it on good authority that Mr Matawu is set to receive $406 000 in terminal benefits and salary backdating to 2016 when he was illegally dismissed from work by former Local Government, Public Works and National Housing Minister Saviour Kasukuwere. The local authority gave Mr Matawu a salary backpay of $4 500 per Read the full story
Zimbabwe: Govt Says Worst of its Economic Woes is Over
AllAfrica
AllAfrica
Zimbabwe's government says the country is emerging from a recent economic meltdown that saw shops run out of goods and motorists spend long hours in lines at gas stations. Economists say Zimbabwe's crisis is not over, as people have no confidence in the currency or in President Emmerson Mnangagwa's government. For weeks now, there have been long and winding queues at most fuel stations in Zimbabwe, as the precious liquid has been in short supply. Lameck Mauriri is one of those now tired of the Read the full story
Zimbabwe: Private Media Barred From Covering Commission of Inquiry Hearing
AllAfrica
Private media journalists were today, 16 October barred from entering the Commission of Inquiry into the post-elections violence that took place on August 1, 2018 in Harare, which is scheduled to conduct public hearings at the Cresta Hotel, Msasa, Harare. The police details at the entrance only allowed the state-owned media into the venue. This is disconcerting as it is an inquiry that is supposed to draw participation from the public. Particularly worrying is that trend in such conduct by the Read the full story
Zimbabwe: Central Bank, Business to Meet Over Price Upheaval
AllAfrica
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he will soon be meeting with business representative organisations to try and reach a lasting solution to the current pricing deadlock between authorities and industry. The central bank chief said this in an interview with NewZimbabwe.com Business on Monday. "We have been working flat out to restore normalcy in our markets over the weekend and I think you can now see that most basic commodities are now available. "Fuel queues are getting Read the full story
Zimbabwe: Harare Businessman Ginimbi Loses U.S.$87,000 Booze to Fraudster
AllAfrica
Love for expensive whisky has landed Genius Kadungure a.k.a Ginimbi's customer in court after he stole alcohol worth $87 000 from the flamboyant businessman. Thulani Roy Dhlamini (23) was Tuesday hauled before Harare magistrate, Rumbidzai Mugwagwa facing theft charges after he allegedly stole from Ginimbi's upmarket Sankayi Club. The club was represented by Tawanda Mhasvi (25), its finance manager. According to court papers, during a period stretching from 28 September to 14 October 2018, Read the full story
Zimbabwe: Mnangagwa Urged to Cut Central Bank's Role in Illegal Forex Trade
AllAfrica
President Emmerson Mnangagwa risks plunging the country into civil strife and anarchy if he failed to stop the Reserve Bank of Zimbabwe (RBZ) from fuelling illegal foreign currency trade on the streets, a regional anti-graft board has said. In a report, the Anti-Corruption Trust of Southern Africa (ACTSA) highlighted the alleged involvement of the central bank, local banks, police and politically connected individuals in being the main drivers of illegal foreign currency trading and other Read the full story
Africa: Unlocking Markets, Cross-Border Trade in Africa Using Technology
AllAfrica
African consumer and business spending is projected to reach a combined $6.7 trillion by 2030 with some reports indicating a $2.1 trillion consumer spending projection for as early as 2025. While it is exciting to share the continent's potential, it is not difficult to see the many hurdles it faces: heterogeneous economies, spotty development, widespread poverty, limited regional trade, a widening infrastructure deficit, and the challenge of weak institutions. If the continent's growing spending Read the full story
Zimbabwe: Business leaders conflicted over imports ban
FurtherAfrica
ZIMBABWE’S business leaders want government to suspend the Statutory Instrument (SI)22, which is meant to protect local industry from cheap and non-essential imports, to counter the growing shortages of commodities. Read the full story
ASIA
Treasury sends warning shot to China on currency
POLITICO
POLITICO
A new report still offers a bit of a reprieve in the ongoing trade war. Read the full story
Opinion: The S&P 500 is headed higher, but a trade deal won’t save Chinese stocks
MarketWatch
Algorithmic trading caused last week’s stock-market drop, writes Ivan Martchev. Read the full story
Donald Trump to pull US out of postal alliance in latest move targeting China
South China Morning Post
The Trump administration is rejecting a ‘flawed system’ that allows developing countries like China to globally ship goods cheaply Read the full story
Opinion: The S&P 500 is headed higher, but a trade deal won’t save Chinese stocks
MarketWatch
Algorithmic trading caused last week’s stock-market drop, writes Ivan Martchev. Read the full story
The sooner Xi and Trump meet, the better
South China Morning Post
One meeting won’t solve everything but it might put a brake on declining relations Read the full story
Asian Markets Fall After Fed Minutes; Shanghai Stocks Down More Than 2%
Investing.com
© Reuters. Asian markets were mostly lower in afternoon trade Read the full story
EUROPE
EU leaders decide to shelve plans for Brexit summit in November until ‘decisive progress’ is made
The Independent
The Independent
The 27 EU leaders have decided to shelve plans for a special Brexit summit in November until "decisive progress" is made in talks. Read the full story
May: 'I believe we can achieve a deal' on Brexit
Sky News
May: 'I believe we can achieve a deal' Read the full story
U.S. pushes EU for rapid trade results, says progress not enough
Reuters
The United States demanded rapid results on Wednesday from its trade talks with the European Union and complained that the bloc was stalling progress. Read the full story
The Latest: UK central bank to publish Brexit analysis
ABC News
Bank of England Governor Mark Carney has confirmed that the bank will publish an analysis of the economic impact of any Brexit deal the government reaches with the European Union. Read the full story
Britain looking at four options for carbon pricing after Brexit – government official
Business Insider
By Susanna Twidale LONDON (Reuters) - Britain is looking at four options for carbon pricing once it leaves the European Union, including launching its own emissions trading system, a government official said on Wednesday. Britain could remain in the EU's Emissions Trading System (ETS); launch a UK ETS which links to the European scheme; set up a stand-alone UK ETS, or revert to a carbon tax, Emily Briggs, deputy head of emissions trading at Britain's Department for Business, Energy and Read the full story d
d
CBI, ISX, Kauaihn Chatter:
CBI Update:
CBI closed on Friday and Saturday
ISX Closed on Friday and Saturday
US Treasury Charges Sanctions on Iraqi Company
Editorial Date: 2018/10/19 13:00 • 63 times read
The US Treasury Department has imposed sanctions on an Iraqi money transfer company accused of providing financial support to the Dahesh organization
The company, dubbed "Dubai Horizons" based in Iraq and has no branch in the UAE, contrary to what may suggest the name, and was classified as a [terrorist] entity, according to a statement by the Treasury.
The company is accused of providing "financial, material and technological assistance" to terrorists.
"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said.
"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker.
The move comes after a Pentagon decision on Oct. 11 aimed at a financial group that supports a supporter.
The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East.
Last September, the Treasury Department took action against providers of financial facilities linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016.
The Treasury said two of the funders have been in charge of [Dubai] and since early 2018 the company has been laundering money for the organization and providing funds to families in it.
The company is accused of providing "financial, material and technological assistance" to terrorists.
"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said.
"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker.
The move comes after a Pentagon decision on Oct. 11 aimed at a financial group that supports a supporter.
The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East.
Last September, the Treasury Department took action against providers of financial facilities linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016.
The Treasury said two of the funders have been in charge of [Dubai] and since early 2018 the company has been laundering money for the organization and providing funds to families in it.
Kauaihn Chatter:
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-18-2018 Newshound/Intel Guru Mnt Goat Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us...that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government. Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting.
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-17-2018 Newshound/Intel Guru Mnt Goat THE PROJECT TO DELETE THE ZEROS IS IN MOTION...We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations...the initial removal of the 3 zeros will not impact the rate. ...They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. ...initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate).
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Abadi's website)
At the time this report was submitted, there were no new articles on PM Abadi's website.
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ARTICLE 2
Abadi: I will not quit politics and we did not demand any ministerial position in the next squad
2018/10/18 22:43 • 41 times read
[Baghdad - Where]
The leader of the victory coalition, and Prime Minister Haider Abadi, on Thursday, to retire political work as well as he did not demand any ministerial site.
Abadi said in a statement received by the agency all of Iraq [where] a copy of it today that "we are on the transformation of the structure of the authorities and the state, and I wanted to assure you the constants that I work for them and to avoid any interpretation does not match our vision and resolve."
"Since the formation of the victory coalition announced that victory is a national project on citizenship and democracy and development and sound construction of the state to ensure unity, well-being and sovereignty, regardless of our victory or loss of elections, and in any location we were, and the project of victory for all Iraqis, a project that includes entities, Victory as a project of the homeland and the fate of a free, secure and unified state, and today I renew to you to uphold the project of victory as a basis adopted and work for him in the Iraqi political arena. "
Abadi continued, "We will also re-produce the victory coalition as a comprehensive national project in proportion to the current and future developments. Therefore, I will inform you that I will not retire from politics regardless of any executive location. What concerns me is the safety of the victory project and its work as a national alternative based on the achievements of our era, Which we believe will bring unity, prosperity and sovereignty to our beloved country, build state institutions properly and fight corruption. "
He pointed out that "the next option and the basis I will adopt is the parliamentary prosecution with the victory bloc in addition to the political body outside the House of Representatives to lead the project of the comprehensive victory, which works to create the third force that express the class does not find itself ethnic sectarian blocs and also segments of the middle class and cultural and civil.
Al-Abbadi noted that "victory did not demand any ministerial position in the next formation, but may offer us sites in the equation of the next ruling, and found that a site serves our project and strengthens our position and impact and does not cause us to load projections and contradictions and consequences of what is going to be accepted with the emphasis on our rejection of the abhorrent quota" .
He stressed "our faith and determination to continue victory as a comprehensive structural project that varies politically, socially, informally and culturally, and as a national alternative capable of competing and dealing with the emergency and strategic changes of the political process and the future of the country."
"We have the balance of achievements, the public, the vital youth, the national elites, the project that crosses the sectarian, ethnic and partisan barriers, and we have the internal and external acceptability of our discourse and approach. These are all factors that force us to continue to win as a national project.
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ARTICLE 3
Abdul Mahdi denies again the information of the candidates announced
2018/10/18 21:15
[Baghdad - Where]
Prime Minister-designate Adel Abdul-Mahdi on Thursday denied media information about the candidates.
"Despite the denial issued on 10 October 2018 by the Information Office of the Prime Minister in charge of Adel Abdul Mahdi, but some sites are still publishing false information about candidates for ministerial positions and denies it For others and all this is pure fiction and has nothing to do with the facts, which we deny in toto. "
"We hope not to rely on any news attributed to the Prime Minister-designate and do not rely on any information not issued by the Information Office."
"We call on the media and our people to be careful and adopt the official statements issued by the media office and not to deal with false information and news."
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ARTICLE 4
US Treasury Charges Sanctions on Iraqi Company
2018/10/19 13:00 • 10 times read
[Where - Continue]
The US Treasury Department has imposed sanctions on an Iraqi money transfer company accused of providing financial support to the Dahesh organization
The company, dubbed "Dubai Horizons" based in Iraq and has no branch in the UAE, contrary to what may suggest the name, and was classified as a [terrorist] entity, according to a statement by the Treasury.
The company is accused of providing "financial, material and technological assistance" to terrorists.
"The company is part of a complex network of institutions including financial services providers, remittances and others in the Middle East," the ministry said.
"We are targeting this network in agreement with the Ministry of Defense to eliminate the possibility of money laundering and the transfer of illegal funds," said Assistant Treasury Secretary in charge of counterterrorism Sigal Mandelker.
The move comes after a Pentagon decision on Oct. 11 aimed at a financial group that supports a supporter.
The Treasury Department said the steps were part of a broader US effort to target a network of financial services firms that would be able to launch operations in the Middle East.
Last September, the Treasury Department took action against providers of financial facilities linked to the Caribbean and the Middle East, and the Ministry took action against a money exchange group in Syria in December 2016.
The Treasury said two of the funders have been in charge of [Dubai] and since early 2018 the company has been laundering money for the organization and providing funds to families in it.
*************
ARTICLE 5
Video .. A French company uses artificial intelligence to rebuild Iraq and Syria
2018/10/19 11:38 • 13 times read
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ARTICLE 6
How does coffee treat this disease?
2018/10/18 22:23
[Continue - Where]
A recent medical study found that drinking coffee can help cure a skin disease characterized by symptoms of nasal and vaginal discharge, and redness of the skin.
According to the study published in the Journal of Gamma Dermatology, which included 82,000 nurses and nurses, it was found that excessive coffee consumption reduces the risk of skin rosacea.
Researchers at the Warren A. Albert School of Medicine at Brown University of America analyzed the patterns of coffee, tea and soda for nurses, and the amount of chocolate they eat, all of which contain caffeine.
The researchers found that those who ate 4 cups of coffee or more a day had the lowest level of risk in the development of the case of "pink" delivery, compared to those who drink coffee once a month, according to the newspaper "Sun" British.
The study also found that caffeine-free coffee is not associated with low risk of delivery.
Scientists believe that caffeine works on the expansion of blood vessels, which reduces redness or swelling and associated infections or other symptoms.
The researchers acknowledged that they needed further studies to determine the benefits and benefits of caffeine for people with the disease.
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