Wednesday, June 5, 2019

WOTS Wednesday 6/5/19

WOTS Wednesday 6/5/19

WOTS Wednesday 6/5/19
 
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DC NY Iraq Articles:dd

Baghdad Green Zone to Open around the Clock

 
5th June 2019 in Iraq Transportation News, Security
By John Lee.
Baghdad’s International Zone (Green Zone) is to be opened to traffic around the clock from tonight (Tuesday).
Prime Minister Adel Abdul-Mahdi told a news conference on Monday evening that the move showed that the government is convinced the security situation in Baghdad is improved.
The high-security zone is home to the Iraqi parliament and many embassies, including the US embassy.

 

Iraq maintains its fifth position in the Arab largest reserves of gold for the month of June

 
The World Gold Council announced Wednesday that Iraq has maintained its fifth position in the Arab largest reserves of gold for June, indicating that Russia was the most buying countries for gold in 2019.
"Iraq maintained its fifth position in the Arab world with the largest gold reserves for June after all of Saudi Arabia, Lebanon, Algeria and Libya, where these reserves reached 96.3 tons, representing 6.1 percent of the rest of the other currencies," the council said in its statistics, . 

The Council added that "Iraq also maintained the rank of 38 out of 100 countries listed in the international financial statistics of the global reserves of gold," noting that "the last purchase of gold for Iraq was in September of 2018 and the amount of 6.5 tons." 

He added that "Russia was the most buying countries for gold during the current year and 70.4 tons, followed by China by 47.9, followed by Turkey by 42.7 tons," explaining that "the United States is still on the throne occupying the first place in the world in terms of these reserves, Amounted to 8.133.5 tons, followed by Germany with 3.367 tons.

 

Mr. Ammar al-Hakim waving the option of opposition and stresses the interests of Iraq in the American and Iranian conflict (expanded)

 
Editorial date: 2019/6/5 8:54  264 times read
 
(Baghdad: Al Furat News) The head of the Alliance for Reform and Reconstruction leader of the National Wisdom Movement, Mr. Ammar al-Hakim, for the option of political opposition, "stressing the interests of Iraq in the US and Iranian conflict."
"In the past year and on this blessed day, we have called for the need to speed up the formation of the government," Ammar al-Hakim said in a sermon delivered by his office in Baghdad. "We stressed then that our main problem is not to diagnose reality, Solutions and take bold and decisive decisions in the reform and treatment, and today and after more than seven months, we see a clear reluctance to complete the government lineup .. Some ministries without a minister .. And other ministries need to amend the ministries and sensitive sites and important is still administered by proxy. 
"We, along with many other political forces, have provided sufficient support to the government and conceded our political and electoral entitlement in order to take its full opportunity to fulfill its promise and hold it to the House of Representatives to end the general chaos, spread weapons, dismantle the deep state, And to give priority to the citizen and to tighten the institutions of the state and the completion of basic laws and fight corruption, and move the wheel of investment and the provision of basic services necessary for citizens, and other core issues of what was stated in the government program. 
"We hope the government will allow its people to know what has been achieved, what has not been achieved and the reasons for not achieving it, and in light of that, we will determine our future choices. The choice of the national political opposition is still in place and has been frozen to give more time for evaluation and review." 
"We ask the House of Representatives also for its achievements during the two legislative chapters (in its oversight and legislative role and regularity of its work and committees) and we wish to inform the people and inform him that the House of Representatives is supposed to be the people's house and its legitimate representative." 
He pointed out that "the political shortcomings that we are witnessing today indicates a real problem in the nature of the current political interactions, but also indicates the existence of a major imbalance in the procedures of service processing in government performance .. Especially as we are coming on the summer of Lahab .. And indicators of improvement of electric power without The required level". 
"Yes, there are more challenges and there are complex circumstances, but this political shortness will increase the complexity and challenges. We will have crises after another, especially as our service and economic reality and the corruption file continue to suffer and go slowly. If the default is due to the House of Representatives or some political parties .. I call on the Prime Minister to expose our people .. and naming things by their names .. And the detection of the parties that are so stalled. 
He pointed out that "Although the advertiser by the authorities of the government is .. It is authorized and continues to authorize the Prime Minister in his government file," noting that "the policy of throwing the ball in the court of the other is useless in light of what we live from reality and serious challenges .. And no longer The logic of political justification is convincing to our people, who expressed his indignation and rejection of the outcomes of the political process in a clear and unambiguous manner. " 
The leader of the National Wisdom Movement said: "In these sensitive and critical circumstances, our beloved homeland is obliged to work with our national duties and assume our historical responsibility towards our people, our nation and the wisdom of not being committed to what we say. Is to serve people and to be helpful to them in all their words, challenges and needs. I remind you of my previous convictions. A people we do not serve. We do not deserve to represent him, and you are close to my heart. I serve you for your people. 
Mr. Ammar al-Hakim said: "From this pulpit announced the formation of the" service councils "in the headquarters of wisdom in all Iraqi provinces to be these councils sites to review the problems of citizens and hard work to address and mitigate it with the potentials and relationships and social and political impact and government. The sons of wisdom are responsible for following up the problems of the citizens, and openly and clearly declared that any official belongs to the wisdom and at any level, if people do not serve and did not interact with what is presented to the councils of the grievances of the citizens will have no place in wisdom, No matter if it does not serve the people and no good in the faces if not employed to serve our people. " 
"What has been announced today is the launching of service initiatives everywhere where the sons of wisdom and all the executive secretaries and leaders of wisdom are going to launch with determination and strength towards the people in service initiatives and thus be faithful to the words of the Prophet (s) {all creatures are the children of God and I love them to Allah Benefit them] and that there is no free zone in Iraq, but the sons of wisdom have a service footprint represents honor and crown on our heads when we serve our people and our people. " 
He added that "we feel proud and proud when we strengthen our national approach and embody the interest of Iraq and its people and break the sectarian, national and regional barriers and expand in our organizations to all provinces and regions and today find sons and daughters of wisdom represent the bouquet of roses in all bright colors." 
He pointed out that "there are a number of sensitive files that affect our security community. 
And threatens what has been achieved on the security, political and social level we have to review and determine the attitude towards it: 
1- The security conditions witnessed recently in Kirkuk, Diyala, Baghdad belt and a number of other cities reveal the existence of real challenges that threaten our national unity and endanger the social peace. 
Which requires an urgent meeting of the political parties and leaders concerned to identify the causes and address them with decisive action away from courtesies and political deals. 
We have stated earlier, and we affirm today, that military victory is not enough for itself, without turning it into sustainable security ... Without a service, political, cultural, social and economic victory, the real victory is the integrated and indivisible victory. Our problems are linked to each other. The spirit of treatment must be inclusive and not selective. 
And to be altruistic for the country .. is the address that we meet and work on it. 
2 - The chaos and spread of weapons among people and the treatment of this phenomenon requires the conclusion of a political and social contract signed by all political forces and tribal commitment to limit the arms of the state and not replace itself and the authority and the law and the abuse of freedom of expression to prejudice the prestige of the state 
The government must assume its clear constitutional responsibilities in this regard and take the practical steps required with firmness and strength. .. 
3 - the deadly social diseases such as suicide, drugs, high rates of divorce and atheism ... and this requires the initiation of a comprehensive national program for the control of communal pests co-drafted and implemented by government institutions, religious, cultural, media, academic and others ... 
4 - Reforming the administrative system through the engineering decentralized system in Iraq through the required amendments to the law of the provincial councils 
And granting more powers to the smaller administrative units and reduce the administrative burden on the ministries and the formation of the Executive Council of the provinces under the chairmanship of the Council of Ministers, and help the provinces to approve projects and spending allocations allocated and others, within the vision of a new philosophy and new consistent with the essence of the Iraqi constitution and the new regime. 
5 - activating the constitutional articles in the organization of the relationship between the Kurdistan region and the federal government and fair and constitutional handling of the oil file and disputed areas 
And other matters pending in order to ensure the rights of the Center and the region and not neglect this dangerous subject with the sensitivities that may explode unreasonably and risk the unity of the country and stability. 
6 - The passage of the provincial elections law should be expedited after its amendment, which contributes to the cohesion of the political forces and helps to form broad alliances and preserves the election of the candidate and achieves the principle of justice in distribution and selection. 
We can not see a real change without a fair and responsible electoral law that guarantees the fairness and fairness of the elections. There is no legitimacy for a political system without a solid electoral system. 
7 - The file of combating corruption is still unclear in its practical outputs at the very least .. We hear about the actions and intentions of accountability and disclosure .. But unfortunately we have not yet seen a decisive decisiveness in the fight and punishment .. 
The fight against corruption is a national priority that can not be tolerated. We can not see a real development for the country's economy without accounting for the corrupt. 
Terrorism and extremism can not be eradicated without accountability of corrupt people. Security, peace and social justice can not be achieved without accounting for corrupt people. 
Corruption is the root of every sin in our work and our political scene. It must be confronted and combated by deeds before words and slogans. 
Therefore, we call for prosecuting the thieves of the law and putting them in prison and start catching the whales of corruption. The formation of the Supreme Anti-Corruption Council is an important step, but it is not enough if it does not lead to taking real practical steps. 
[Asharq Al-Awsat] We have already mentioned that Iraq is at the heart of the American-Iranian conflict, because it is characterized by an effective and influential geopolitical position and its historical legacy, which requires it to play a leading role in confronting the crises that plague the region. 
Here are some things to note: 
First, starting from an independent national policy based on the supreme interests of Iraq 
Iraq is the master of itself. It can not be under the shadow of the subordinate or directed positions. We have our own interests and our national security, as do our own interests and national security. It is not necessarily that these interests are crossed. 
But can be reciprocal and intertwined as long as the objective stems from the stability of the region and the preservation of its security and the safety of its people. 
We can not continue the policy of war, conflict and conflict in our region .. We have suffered a lot and paid a heavy price of long wars .. The economic siege and abhorrent .. The policies of invasion and occupation .. The latest tragedies of terrorism and extremism funded and organized, which targeted our villages and cities safe .. We are in a continuous war Fifty years ago and many forms. 
It is time to look to the future with the experiences that have passed through us .. And to be aware of our external environment and reconcile with complex historical complex .. And look forward to the opportunities that stand in wait for us .. Which can be invested well in the case of the interests of Iraq .. And overcome the decade of dispute and conflict. 
We say clearly that we are not neutral towards the policies of siege and starvation, which the Iranian Muslim and brotherly people are subjected to unilateral and condemned sanctions 
We in Iraq know more than any other country what it means to blockade peoples after the bitterness borne by our people in the nineties of the last century. 
Second: the unification of the compass of the Iraqi internal decision .. according to the national constants of the state 
The external and internal challenges can not be met with the different diagnosis and treatment of the political class. 
Therefore, it is necessary to support any political effort that strengthens the state apparatus and preserves its prestige and enhances the independence of its national decision. 
And never allow any irresponsible or uncontrolled actions in the local arena out of this context .. 
The unification of the internal home .. is a national priority .. It is a key introduction to the success of the course of moderate foreign policy of Iraq. 
Here we would like to pay tribute to the support of the President of the Republic Dr. Barham Salih of national efforts to seek to unify and crystallize a national vision between the political forces .. 
We have great hope in responding to those concerned and to provide the country with the highest national interest. 
Third: Continuing international openness and consolidating mutual interests and interests 
It is necessary to preserve the political achievements achieved at the regional and international levels .. in openness and communication with all .. 
And beware of being dragged into illogical policies that might expose Iraq to international isolation. Then we will be back to square one from which we started. 
The concept of openness and international communication requires national solidarity from all sides. This requires a unified speech and behavior that recognizes and understands the national priorities and the highest interests of the country. 
Moreover, openness and international communication does not mean that the Iraqi will will be absent in taking decisive positions towards what we believe in noble values ​​and values. 
The Iraqi leadership can not be achieved without courageous and clear positions towards the crises of the region based on Iraq's supreme interests and taking into account the mutual and interrelated interests of the neighboring countries of the brothers and friends. 
Iraq's interest requires deepening the relationship with brotherly and friendly countries, the Arab depth, the Islamic neighborhood and the international community. 
We can not be a party to any axis of a collision .. Nor can we stand spectators at the same time when it comes to the interests of Iraq and its national security .. Mercy and compassion for our martyrs, the righteous and patience and compassion for their families and their families and God in caring for them and solve their problems and the speedy recovery of wounds and patients and conservation and maintenance of our references Especially Imam Ali al-Sayyid al-Sistani, and all the national loyalists dedicated to serving his people.

 

Open the green area around the clock .. and this next step

 
Editorial Date: 2019/6/4 11:43  156 times read
 
The government opened the Green Zone in Baghdad to citizens on the first day of Eid al-Fitr and completely 24 hours after about 16 years of closure and after a series of partial conquests of the presidential area approved by the government after the accession of Adel Abdul-Mahdi as prime minister in October From last year.
Observers believe that this is a clear indication of the improvement of the security situation in Baghdad, after years of explosions and violence, some of which lasted the Green Zone, although fortified and surrounded by a large security fence and barbed wire and guarded by special protection regiments. 
A source close to the government said that "the government of Abdul Mahdi is determined to open the Green Zone on a final basis, as well as the opening of Baghdad International Airport in front of the movement of passengers and lifting all restrictions on the complexities of arrival of passengers to the airport." 
Iraqi passengers are under intense inspection at Abbas bin Firnas Square, about 10 kilometers from Baghdad airport, by private companies, but senior Iraqi officials are not subject to this series of procedures and arrive at the passenger lounge with their own cars. 
Since 2003, when the United States launched its offensive against Iraq and overthrew the former regime, the Green Zone was the seat of the occupation government led by US civil administrator Paul Bremer until 2004 and has become the permanent headquarters of successive Iraqi governments since that date. To the governments of the dissolved Baath Party. 
The Green Zone has been associated with the Iraqi people's memory for more than a decade and a half, and the successive governments are in a safe area, in return for the vulnerability of ordinary people to suicide attacks and the targeting of explosive belts and car bombs in markets and public places. 
It includes the Green Zone which lies on the Karkh side and on the west bank of the Tigris River, which divides Baghdad into two parts. It covers an area of ​​about 10 square kilometers, the Presidential Palace, the Palace of Peace and conferences, the Parliament building, the American and British embassies and a large number of establishments, ministries and government institutions. Including the Ministry of Defense and the Grand Plaza, and the installation of the Unknown Soldier and the Rashid Hotel. 
The Green Zone has three main sections: the first is the northern side and is called the Legislative Gate near the Republic Bridge and the Parliament Building. The door is located on the eastern side of Al-Jadriya area in Karrada and is reached via the suspended bridge. 
Government officials and members of Parliament were allowed to pass through these roads according to special security cards, and the passage of ordinary citizens was forbidden, except in accordance with special security approvals and on the sponsorship of one of the security guards working in the Green Zone.
 
 
 

Three members of the Peshmerga were hit by Turkish aircraft in Arbil
 
 
 
 
05-06-2019 11:19 AM Baghdad
 
A security source said Wednesday that three members of the Peshmerga forces were hit by a bombardment of Turkish warplanes in Suran district of Erbil province.
 
The source told the "news" that "three elements of the Peshmerga forces, were injured at 5:30 in the morning of Sidkan, the district of Soran in Arbil, the bombing of Turkish warplanes."
 
"The Peshmerga elements rushed to extinguish the fires that were caused by the shelling in Sedakan, but the planes returned to the bombardment again, injuring three people, one of them seriously wounding (one hand and one leg amputate 
 
 
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KI to issue a statement to pension card holders

05/06/2019
(Independent) .. Key announced the cessation of issuance of cards card in the national retirement of the date of 2/6/2016 where will be issued MasterCard cards from Rafidain Bank and the company Ki in place.
The card will be replaced by the new version of MasterCard cards within a time frame in coordination with the company to ensure smooth and easy operation.
The company assured everyone that the process of replacement will be in a streamlined guarantee the rights of retirees and the continuation of receipt of salaries in a normal manner and there will be no interruption during the process of replacement referred to service in honor of the retired segment. 

Iraqi oil smuggled through 'uncontrolled' border crossings: official
Wednesday، 05 June 2019 12:02 A


Tankers at the Iraqi Al Basra Oil Terminal in the Northern Arabian Gulf - US Federal Government
Iraq's Border Port Commission's head Kadhim al-Iqabi said on Tuesday that there are a number of ports shared with each of Iran, Syria and Turkey, which are beyond the control of the commission, according to a statement by the commission.
The commission noted that these ports are run by various parties for their interests and are exploited in smuggling oil and importing various goods without any supervision, Iqabi said, during a meeting with government officials.
Iqabi called for amending the law of the border crossings and increase the number of the employees in the commission, as well as as the allocations granted to it.


Hakim reveals the reason for freezing the option of political opposition

05-06-2019 08:39 AM
Baghdad
The leader of the Alliance for Reform and Reconstruction, Ammar al-Hakim, on Wednesday, the reason for freezing the option of political opposition, while calling for an urgent meeting to find out the causes of recent security incidents.
Hakim said during the Eid prayer sermon and followed by "news" that "the process of completing the government cab is witnessing a clear delay and the option of political opposition is still in place, but was frozen to give more time for evaluation and review."
"We need an emergency meeting to find out the causes of recent security incidents," he said, calling for "a program to combat suicide, drugs and high rates of divorce and atheism."

 

Alsumaria is unique in revealing the scenes of the Iraqi situation in Mecca

A source for Sumeriyya said that "more than a dozen foreign ministers had negotiated with Iraqi Foreign Minister Mohammad Ali al-Hakim in order not to object to the statement, which led to a great condemnation of Iran. Despite Lebanese Prime Minister Saad Hariri's request to talk to Hakim about the statement, Consistent with this refusal ". 

The source, who asked not to be named, said that "Iraq was not consulted with the contents of this statement in advance first, and secondly that the Kingdom did not deliver the statement before the time to study it and comment on it and the amendment and there are objections to many points." 

He pointed out that "Hariri is wise not to object but the latter refused and told him that Iraq is a pivotal country and does not accept disputes in the region and does not accept such a formula. Hakim gave the Secretary General of the Arab League an official objection during the withdrawal of President Barham Saleh." 

He added that "in the meantime, which was a matter of concern about the Iraqi situation, the head of the Qatari delegation called on the Iraqi Foreign Minister saying: and they sold in Mecca," noting that "Iraq alone to object to the final statement of the Mecca emergency summit."

 

The killing of a number of elements "da'ash" and destruction added to the organization by bombing coalition aircraft north of Anbar

 
A security source said on Wednesday that a number of elements of the organization "Da'ash" were killed and destroyed in addition to the bombing of coalition aircraft north of Anbar.
The source said in an interview with Alsumaria News, "The flight of the International Alliance led by the United States directed, today, its fire towards certain areas in the valley of Jail in the desert area of ​​the north of Anbar."
The source, who preferred not to be named, said that "the bombing resulted in the destruction added to the organization of Daqash and killed a number of elements of the organization." 
 
 
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Finding a Financial Advisor or PlannerBy Troy Segal Updated Jun 3, 2019

If it's ever occurred to you how complex and vital 'getting it right' is when it comes to saving, investing, maximizing the value of your wealth and planning for a safe, comfortable retirement, you've probably asked yourself if you should employ a financial planner or advisor.

Similarly, if you've felt the pressure of deciding on a big investment, such as a home or education—or felt overwhelmed with the financial details after a wedding, the birth of a child, divorce, death of a spouse, or major illness—you've probably wondered about finding someone to advise you.
Services of Advisors and Planners
According to a 2019 CNBC and Acorns Invest survey, over a third of Americans don't have a good understanding of what a financial advisor actually does. That figure balloons to 46% for Millennials.

So what kind of services do financial advisors and planners provide? Broadly, they can help you manage your financial life using a variety of strategies and products to both manage your wealth and improve your financial habits.

Types of Financial Advice
Not all financial advisors are the same. Some specialize in certain practice areas, types of clients, income levels, investment strategies, and products. Some work with clients all over the country, while others focus on clients in their town.

Some can help you with your taxes, insurance needs, or estate planning and others will focus on retirement planning. There are advisors for the younger client and some specialize on retirees. You can find a planner to help with life stages planning, estate distribution strategies, and business planning.

From managing every aspect of your personal or business financial life to simply suggesting directions, there are specialized professionals available to help.

Reasons to Seek Financial Advice

You may need an advisor for many reasons. For example, perhaps you just received a considerable sum of money from a relative who died or a windfall from the state lottery. As a person goes through different stages in life, their need for a financial professional will change.

Perhaps you just had a baby and want to ensure their future in case the worst happens. Many parents seek help for college savings for children and setting up estates that can convey wealth to future generations.

The approach to investing at or during retirement is different than that of a young worker. As you near retirement your risk tolerance level will change, and your style of investing should change as well. Perhaps your company is offering a too-good-to-resist early-retirement package, and you want to make sure the money lasts.

Any of these events (and many others) could naturally trigger the desire for some professional help in managing your financial affairs.

How to Find Good Financial Help

How should you go about finding the right advisor? The first step is to figure out what sort of professional financial help you need. Like many people, some of your deepest financial thinking comes at tax time.

So if you just want someone to dole out tax advice and preparation, a good old Certified Public Accountant (CPA) will probably suffice. That CPA may or may not also be a financial advisor.

Investment Management—Financial Planners

Financial planners are professionals who help businesses and individuals create investment plans that meet long-term goals.

Say you're looking for help in creating a savings plan, devising investment strategies for your investment portfolio, getting out of debt, and start saving for a house. In short, if you want someone to look at your entire situation, you should seek the help of a comprehensive financial planning firm or an individual financial planner.

Firms typically have a staff of professionals that includes a financial planner. Solo-practitioner planners may not be able to provide you with the full range of services that a firm can, but many will work hand-in-hand with other professionals who can provide those services.

Financial planners can carry designations such as:

Certified Financial Planner (CFP®)

Chartered Financial Analyst (CFA®)

Certified Fund Specialist (CFS)

Chartered Financial Consultant (ChFC)

Certified Investment Management Analyst (CIMA)

There are many other designations as well

Each of the specific designations will require a different set of experience requirements as well as the successful completion of an exam or series of tests.

To locate a planner, start with referrals from colleagues, friends or family members who seem to be managing their finances successfully. Another avenue is professional recommendations. An accountant or a lawyer might make a referral. Professional associations can sometimes provide help. The Financial Planning Association (FPA) will also be able to help you locate a planner in your area.

Managing Money—Financial Advisors

A financial advisor is a broad term that covers many types of professionals. They may help you manage your investments by facilitating the buying and selling of securities. These individuals include bankers, accountants, stockbrokers, insurance agents, and estate planners.

Financial advisors handle a wide range of money matters for individuals and businesses while a financial planner handles more specialized matters.

Financial advisors may work in independent practices or part of a firm or financial institution. All advisors who work with the public must have a current Series 65 License. The National Association of Personal Financial Advisors (NAPFA) is a good place to start your search for help.

Fee-Only vs. Fee-Based

A fee-based structure can be hourly, project, retainer or a flat ongoing amount that is derived from the percentage of assets being managed; usually, the greater the assets, the lower the percentage. Commission-based means the advisor charges a straight commission every time a transaction occurs or a financial product is purchased. 

Commission Based

Although most of the big retail brokerages offer financial planning services, be cautious with their personnel. While many are highly trained and can be trusted, others may just be glorified stockbrokers hired by large wirehouses to sell proprietary mutual funds and stocks.

Known as fee-based, they are incentivized, sometimes even required, to push these products, which are owned by their firm—and for which they receive top commissions. And with some wirehouses, it's all about quantity, not quality. The more buying and selling that a broker does in an investor's account, the higher his commission payouts.

Fee-Only

Another type of advisor is the fee-only advisor. These professionals carry designations such as registered investment advisor (RIA) or investment advisor representative (IAR). They are held to a high degree of accountability, and you'll typically find them knowledgeable.

They are also required to provide to all potential investors upon request a Form ADV Part II. This form is a uniform submission used by advisors to register with state regulators and the Securities and Exchange Commission (SEC).

Form ADV Part II—which must be completed each year—contains information about the individual. Among other things, this will allow you to determine whether your advisor has ever applied for personal bankruptcy and their investment in other financial institutions. The form identifies the individual's investment style, officers of the firm, and the firm's assets under management (AUM).
The Debate Between the Two Structures

Fee advisors claim that their advice is superior because it has no conflict of interest. Commission-based professionals, they argue, can compromise an advisor's integrity, affecting the selection or recommendation of products (some companies might compensate the advisor better than others).

In return, commission advisors respond that those who get paid based on their assets under management (AUM) are more likely to recommend financial strategies that increase their AUM, even if they aren’t in the client's best interest. They argue that commissions keep their services affordable (though the costs of these commissions are born by you the investor and serve to reduce your returns).

Each year, more investors are shifting from the traditional commission set up and moving towards the modern fee-only approach. Because set fees are new to many investors, some common questions have risen, such as:

"What is a fair fee?"
"How will I be billed?"

With the average mutual fund still charging an expense fee of approximately 1.4%, it's safe to say that a total fee of 1.8% to 2% is fair.

If you can find an advisor who can package an investment program that includes the cost of the investments, trading, custody, and the advisor's professional services for 1.8% or less, you're getting a sweet deal. Most fees are now billed quarterly, so you'll need to know whether they will be pulled in advance or in arrears.

A combination of payment methods may also occur. Before you sign on to work with an advisor, you should make sure that the rates, fee structure, and commission schedules are clearly laid out (preferably in writing, as RIAs are required to do by law) so there are no surprises later.

Evaluating the Professional

Anyone can call him or herself a financial analyst, financial advisor, financial planner, financial consultant, investment consultant or wealth manager, warns the Financial Industry Regulatory Authority (FINRA).

In fact, an individual could drop out of high school, rent some office space, pass a FINRA general securities exam and be selling stocks—all within a couple of weeks. While exams such as the Series 6, 7 and 63 satisfy the industry regulatory requirements, they do not offer the advisor experience when it comes to real-life situations.

The financial industry is also rife with professional designations, many of which can be obtained with little or no effort. However, it does have three leading certifications that have significant educational and ethical requirements:

A Chartered Financial Analyst (CFA) has a wide range of expertise in securities, financial analysis, investing, portfolio management and banking. The testing regimen for this certification is long and rigorous.

A Certified Financial Planner (CFP) must hold a bachelor’s degree and must have completed “a college-level program of study in personal financial planning, or an accepted equivalent.”

In addition, a CFP has booked at least three years of industry experience and passed a series of comprehensive tests, abides by a code of ethics, and meets continuing education requirements. You can check the CFP Board’s website to verify that your advisor or financial planner belongs to this group.

A Chartered Financial Consultant (ChFC) holds a certificate that uses the same core curriculum as the CFP but does not require a comprehensive board exam and does not require that he or she abide by a code of ethics.

The latter two are often considered best for creating a general financial plan. If you are looking for someone with more of a retirement focus you may want to seek out a Chartered Retirement Planning Counselor (CRPC), who have completed intensive training in retirement planning through the College for Financial Planning.

If your concerns are dominated by taxes, try a Personal Financial Specialist (PFS) who is a CPA but has also undergone additional education and testing, thereby offering more expert financial planning qualifications. For insurance and estate-planning matters, you might want an advisor who has attained mastery as a Chartered Life Underwriter (CLU).

FINRA's Broker Check Site
You can check for any regulatory blemishes on the advisor’s record at FINRA’s broker check site. One thing to keep in mind, however, is that an isolated complaint or infraction does not necessarily mean that the planner is dishonest or incompetent.

Any charge brought against a broker or planner will go on the person's record, regardless of whether the planner is in the right. But if the record shows a long-term pattern of violations, customer complaints or charges of a serious nature, then you should probably find someone else.

Importance of Fiduciary Standard
Whatever sort of services you need, make sure that advisor is held to fiduciary standards, which charges them with the responsibility of acting in the best interests of an investor. In the investment world, RIAs are required to abide by a fiduciary standard; stockbrokers generally only have to abide by the less-rigorous suitability standard.

However, the Department of Labor's Fiduciary Rule partially phased in on June 9, 2017, greatly expands the types of professionals who are expected to comply with fiduciary standards.

Registered investment advisors are either registered with their state of residence or the SEC. They are regulated under the Investment Advisors Act of 1940.

Questions to Ask

Once you've identified a firm or individual to work with, make sure you understand all of the services that are available. At a minimum, consider the following:

Will they track your investment cost basis for you?

Can they file your tax return and help you with other tax-related questions?

Do they look at insurance products including life insurance, long-term care, and annuities?

Can they help you plan your estate and distribution of wealth?

Will they refer you to another professional if the firm cannot provide the service itself?

Is there a succession plan, in case something happens to your advisor? 

Ask About Communication

It’s also important for clients and prospective clients to understand how their financial advisor communicates with clients and the frequency of those communications. How often will you meet to review your portfolio and your overall situation? Quarterly, semiannually, annually or as needed?

Will these meetings be done in person or perhaps over the phone, or via a service like Skype? It's becoming more and more common for clients to work with their financial advisor remotely.

Additionally, does the advisor typically communicate by phone, email, or perhaps text message? Any or all are fine, and both your preferences and the advisor may be based on your age and digital comfort level.

Ask About Financial Expertise
It's also good to ascertain if your situation is typical of the advisor’s client base. For example, if you are a corporate employee looking for help planning for the exercise of your stock options, you should ask the advisor about their knowledge and experience in dealing with clients like you.
A financial advisor who deals primarily with clients at or nearing retirement might not be a good choice for you if you are a 30-year-old professional looking for a financial plan.

The Bottom Line
Good financial planners and advisors are compared to "life coaches" because they can help you with many of your complex financial decisions throughout your life.

A financial advisor can offer tips on buying a car, saving for college and refinancing your home mortgage, just to name a few. They deal with other financial professionals on a daily basis, and they typically know if you're paying too much for something or not getting a competitive rate.

Great financial planners will not only help you make money on your investments but will also help you reach your goals, avoid undue investment risks, and save money on insurance and other major decisions throughout your lifetime.

To maximize your experience with your planner or advisor, you should meet with the person regularly, share your concerns and goals, and allow your advisor to review all of your financial and legal documents regularly.

https://www.investopedia.com/updates/find-financial-advisor-planner/


OIL/COMMODITIES/ENERGY


Gold Prices Rise on Mexico Tariffs, Escalating Sino-U.S. Tensions
Commodities Jun 03, 2019 04:45 GMT 
Investing.com - Gold prices rose on Monday in Asia amid worries over Mexico and escalating trade tension between China and the U.S. Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, was up 0.4% at $1,316.45 per ounce by 12:45 AM ET (04:45 GMT). The Trump administration announced on Thursday it will impose a 5% tariff on all imported goods from Mexico beginning June 10 and “gradually increase” that tax to 25% until

Read in 
Investing.com: https://apple.news/Avgs7R9EkSQmDxKchImaEbw


Gold Prices Power To 9-Week High Amid Risk Aversion
AM-PM Roundup Gold Prices Power To 9-Week High Amid Risk Aversion Jim Wyckoff Monday June 03, 2019 08:24 Kitco News Share this article: Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) - Gold prices are posting double-digit gains and hit a nine-week high in early-morning U.S. trading Monday. Safe-haven demand remains in play to start the trading

Read in Kitco News: 
https://apple.news/A7zZLlXz4PgqcaIiHXWokSA


Gold jumps to more than 3-month peak as stocks extend losses
Gold futures rally on Monday, pushing prices to the highest level since late February as investors flee to the perceived safety of havens like precious metals amid persistent tariff tensions between the U.S. and its global trade partners.

Read in MarketWatch: 
https://apple.news/Asq2TENf6S3ChyQLbtgavLA


Gold Prices Little Changed Despite Escalating Trade Tension
Commodities Jun 04, 2019 04:21 GMT 
Investing.com - Prices of the safe-haven gold remained little changed on Tuesday in Asia despite escalating trade tension between the U.S. and China. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange last traded at $1,327.25 a troy ounce by 12:18 AM ET (04:18 GMT), down 0.02%. News that the U.S. reiterated its view that China “backpedalled” on key elements of a trade deal that had been largely agreed raised concerns that

Read in 
Investing.com: https://apple.news/A3SC1XSYfTReIsagKULut0w


Oil Prices Decline Amid Economic Slowdown, OPEC Likely to Continue Supply Cuts
Commodities Jun 04, 2019 05:13 GMT 
Investing.com - Oil prices dropped on Tuesday in Asia as signs continue to point to a global economic slowdown affecting oil demand. Crude Oil WTI Futures were at $53.14 per barrel, down by 0.19% at 12:16 AM ET (4:16 GMT). Crude futures are now around 20% below their peaks of late April 2018. Brent Oil Futures, the international benchmark for oil prices, were at $61.06, having dropped 0.36%. Analysts said the global economic slowdown is starting to affect oil

Read in 
Investing.com: Oil Prices Decline Amid Economic Slowdown, OPEC Likely to Continue Supply Cuts — Investing.com


Oil Prices Break Losing Streak on Emerging OPEC Consensus Over Output Cut
Commodities Jun 03, 2019 11:28 GMT 
Investing.com - Oil prices headed higher on Monday after Saudi Arabia’s energy minister Khalid al-Falih indicated that a consensus was emerging between OPEC and allies led by Russia over an extension of the output cut agreement. Falih insisted that the group was near an agreement to extend their deal, which currently expires at the end of this month, to the second half of the year in an effort to rebalance the market, according to a report from Arab News.

Read in 
Investing.com: https://apple.news/ASeqEUEkXRT6J8mQwiz2L5w

Oil loses luster as banks cash in on cleaner commodities
Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants.

Read in Reuters: 
https://apple.news/APff_C_YCQsCTrAUy9dQQQw


BANKS/BANKING/CREDIT


What a website says about your financial adviser’s trust, likability, and care
Giving financial advice is getting personal, writes Morey Stettner.

Read in MarketWatch: 
https://apple.news/ABIODyPIfQL-UDaFwwTdg7g


Financial infidelity: 8 signs you might have a problem
Infidelity comes in several different forms. If your spouse is a cheater by nature, keep your finances separate. You’ve got to protect yourself financially.

Read in Ladders: 
https://apple.news/AgmfA5J9BSpOPm-L9PSjbIw


Americans Need A 'Fitbit' Of Banking
A new concept of financial health is emerging, and it's going to change the way banks compete for consumers' business.

Read in Forbes: 
https://apple.news/AVK_WeuhoSZmnwzW7zYphMA

Where Blockchain Adoption By Governments And The Private Sector Stands: An Overview
Leaders from government and industry will gather for this week for an annual event in DC to discuss government adoption and regulation of blockchain. Track-and-trace is the stand-out use case, identity has been slow, states are making serious headway and regulatory jurisdiction remains unclear.

Read in Forbes: 
https://apple.news/AfnMV6IUoTSmPK4Ab8zxXGA


Deutsche Bank Hits Fresh Record Low as Recession Risk, ECB Rate Decision Looms
Deutsche Bank shares slumped to a fresh record low Monday as pressure continues to mount on the region's biggest lender amid calls to increase its capital buffer and record low interest rates in the struggling European economy. Deutsche Bank (DB) shares slumped to a fresh record low Monday as pressure continues to mount on the region's biggest lender amid calls to increase its capital buffer and record low interest rates in the struggling European economy. Benchmark 10-year German bunds hit a

Read in TheStreet: 
https://apple.news/ACtiqxAYJS9m00qrDJwx9pg


Banks In Brazil to Implement New HyperLedger-Powered Digital ID Platform
Banks In Brazil

Read in 
Testboo.com: https://apple.news/AYvGnMgQDTVaHv6I5Liblpg


TREASURIES/BONDS/STOCKS

Here’s how fixed income assets can play a big role in your portfolio
Here’s how fixed income assets can play a big role in your portfolio

Read in SOLVE IT: 
https://apple.news/AuT3KR5toQsie9SCHdFH9Kg

GLOBAL MARKETS-Bonds "on fire" as flight to safety gathers momentum
* S&P500 futures down 0.5% at 3-month lows

Read in Reuters: 
https://apple.news/AKr7r8XuES-ikA9dnmQg9NQ


StockBeat - Trade War Escalation Keeps Markets Under Pressure
Stock Markets Jun 03, 2019 08:23 GMT By Geoffrey Smith 
Investing.com -- It’s a tale of woe across Europe’s stock markets again on Monday, with a familiar cause. The evidence that President Donald Trump’s trade war is choking the global economy is increasingly hard to ignore, and stock markets everywhere are pricing in a sharp slowdown in growth. The benchmark Euro Stoxx 600 was down 2.7 points, or 0.6%, at 366.38 as of 4 AM ET (0800 GMT), its lowest since mid-February. The latest moves come

Read in 
Investing.com: https://apple.news/ATOv0oAKmSnuDiG_emC2pFg

World markets wobble as US, China trade jibes over trade
World stock markets are slipping as surveys of manufacturers show that business confidence is crumbling as the United States and China spar over trade and technology

Read in ABC News: 
https://apple.news/AfzCAliDmTpuPrUeUaeUrTw

What the Dow Breaking Its 200-Day Moving Average Really Means for Your Stocks
The Dow Jones Industrial Average broke below its 200-day moving average last week. But the popular stock market analysis tool doesn’t live up to its billing.

Read in Barron's: 
https://apple.news/AX_Nc0cIJQR6ubZtGi9SufQ

Top 5 Things to Know in the Market on Tuesday
Economy Jun 04, 2019 09:50 GMT 
Investing.com - Here are the top five things you need to know in financial markets on Tuesday, June 4: 1. Fed Chair Powell on watch for any hints at rate cuts While U.S. President Donald Trump’s tariff policies have escalated concerns over the risk of a global recession, markets have increasingly become convinced that the Federal Reserve will need to react with looser monetary policy in order to support the American economy. St. Louis Fed President James Bullard

Read in 
Investing.com: https://apple.news/AoKbShv3jSnCWHXns0q0Seg

Day Ahead: Top 3 Things to Watch
Stock Markets Jun 03, 2019 20:55 GMT 
Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow. 1. Fed’s Powell in the Spotlight It’s a busy week on the economic front, with the Federal Reserve’s Beige Book coming out on Wednesday and the all-important nonfarm payrolls number arriving Friday. And to set the stage, Fed Chairman Jerome Powell will be speaking shortly after the start of trading tomorrow. Powell will speak at 9:45 AM ET (13:45 GMT), delivering the opening

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Investing.com: https://apple.news/Agxc-rrDVTxyLFy--Dl1-MQ


CRYPTO'S / DIGITAL CURRENCY

BitMEX Invests in Philippine Cryptocurrency Exchange PDAX
BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen... Read More The post BitMEX Invests in Philippine Cryptocurrency Exchange PDAX appeared first on Crowdfund Insider.

Read in Crowdfund Insider: 
https://apple.news/AkOJ5El1AMEqXJItYzWralA


Bitcoin Can Still Go Above 10,000
I remain positive we will see bitcoin above $10,000 but this prediction is not enough for me, I want to have a grasp of the top of the next cycle.

Read in Forbes: 
https://apple.news/AYMOFAQ4tSFyb3ORvw5ymgQ

Bitcoin Price Analysis: Doji 'Death Candle' Appears But Is The Rally Over?
Serious FUD is beginning to set into the Bitcoin market, as fears of a potential bearish evening star doji appearing on the 1-Week chart set in. But just how worried should you really be about this doji pattern, and how much is it affecting Bitcoin’s price right now? Let’s take a look at the Bitcoin price analysis. Bitcoin Price Analysis: 1-Week Chart On the 1W BTC/USD chart we can see that the last weekly candle closed almost at the exact same price point that it opened at – around $8,740. This

Read in 
Bitcoinist.net: https://apple.news/A71TMFQkEMVuuMSSS6tAs4w

A Venture Capitalist Made A Dire Warning Over The Future Of Bitcoin
Bitcoin, now more than double the price it began 2019, has been rapidly rising this year after a disastrous 2018 which saw bitcoin and most other major cryptocurrencies lose around 80% of their value...

Read in Forbes: 
https://apple.news/Af4jau2jeQ2-Yaax2DvIxvg

Bitcoin Faces Price Pullback as Signs of Bull Exhaustion Emerge
Bitcoin could revisit sub-$8,000 levels in the short-term, as a longer-duration chart is flashing signs of bull exhaustion for the first time in 2019.

Read in CoinDesk: 
https://apple.news/AyfaeaXwWQIOFudKtX4BGbA

XRP v. Stellar Lumens [XLM] Price Analysis: XRP bulls break free while XLM gets left in the dust
At press time, XRP was priced at $0.455, after jumping by 5.37% over the last 24 hours. XRP held a market cap of $19.193 billion and a 24-hour trading volume of $1.939 billion. XLM reinforced its position in the top-10 coin list, with a market cap of $2.686 billion. The digital coin was valued at...

Read in AMBCrypto: 
https://apple.news/AOMIaNLXoQtWO_DKcYn2jig


Binance launches GBP-backed stablecoin BGBP on Binance Chain
Binance, the largest cryptocurrency exchange in the world and one of these most recognizable names in the space, is looking to step up its game once again. After the launch of its native blockchain, Binance Chain, and their decentralized exchange, Binance DEX, the exchange is all set to introduce a native stablecoin, Binance GBP Stablecoin....

Read in AMBCrypto: 
https://apple.news/AX_R6JrG_SQmMK5dN_3KEEg




CURRENCIES


Malaysia's Mahathir Mohamed Goes For Gold
Last week, while addressing the 25th International Conference on the Future of Asia, Malaysia’s Prime Minister, Mahathir Mohamad, proposed an Asian currency linked to gold. Dr. Mahathir argued that such a currency would promote regional stability, while avoiding the so-called “dollar trap."

Read in Forbes: 
https://apple.news/A7PEGdcONT62god0XZwmpjA


Forex - Dollar Hits 3-Week Lows on Fed Rate Cut View
Forex Jun 04, 2019 08:08 GMT 
Investing.com - The dollar hit three-week lows against a currency basket on Tuesday as growing expectations for an interest rate cut by the Federal Reserve pressured Treasury yields, while persistent concerns over the global growth outlook boosted the safe haven yen. The benchmark 10-year Treasury’s yield fell to its lowest since September 2017 overnight, near 2%, after St. Louis Federal Reserve President James Bullard said a rate cut "may be warranted soon" given

Read in 
Investing.com: https://apple.news/Alz_fQDtLQLW24mHxbUuj3w

Forex - Dollar near 1-Week Lows as Trade Tensions Escalate
Forex Jun 03, 2019 06:53 GMT 
Investing.com - The U.S. dollar was trading near one-week lows against a currency basket on Monday, with the yen and the Swiss franc, seen as safe havens in time of uncertainty, gaining ground as global trade tensions escalated. With the Trump administrations combative stance on trade widening to countries beyond China investor appetite for risk has been dampened by fears of a slowdown in global growth. U.S. and Mexican officials are preparing for trade talks on

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Investing.com: https://apple.news/AW9WUi9CFTim-R5zzz4ZzOg

SNB's leeway shrinks as Swiss franc hits nearly two-year high
The Swiss franc surged to itshighest level in nearly two years on Monday, narrowing the SwissNational Bank's policy options as investors sought thesafe-haven currency amid escalating global trade tensions.

Read in Reuters: 
https://apple.news/Ag8FZNAR7T2eMeDCa_MGdtw

Forex - Aussie Dollar Unchanged After RBA Decision; U.S. Dollar Flat
Forex Jun 04, 2019 04:44 GMT 
Investing.com - The Australian dollar traded near flat on Tuesday in Asia following the Reserve Bank of Australia (RBA)’s decision to cut rates to a historic low of 1.25%. The AUD/USD pair was up 0.04% to 0.6978 by 1:00 AM ET (05:00 GMT). The Australian currency showed little reaction to the RBA’s rate cut decision, which was highly expected. Governor Philip Lowe reiterated his prediction that the Australian economy would grow by 2.75% this year and next. “The

Read in 
Investing.com: https://apple.news/ATWQ6VcYsT2avKrxuN9gzdg

Russia, China to announce joint yuan fund to invest in Russia: RDIF
Russia's RDIF sovereign wealth fund plans to announce a new yuan-denominated joint fund with China this week that will invest in Russia, RDIF's head Kirill Dmitriev said on Monday.

Read in Reuters: 
https://apple.news/AvhLLWYvbQxqhU5WmVQivqA


HEALTH / SCIENCE


Could a cure for cancer be hiding in your medicine cabinet?
A combination of drugs, including aspirin and statins, are being tested to treat cancer and other illnesses. There is mounting clinical evidence that the 'repurposing' of existing drugs could offer effective new treaments.

Read in The Economist: 
https://apple.news/AXEGUl8OSTguSEKXdwM4QnA


US aims to help more cancer patients try experimental drugs
U.S. government launches project aimed at giving more cancer patients a chance to try treatments that are not yet on the market

Read in ABC News: 
https://apple.news/Abm_FRlb0Q4yBrdZKKTi-NA

Drugs make headway against lung, breast, prostate cancers
CHICAGO (AP) - Newer drugs are substantially improving the chances of survival for some people with hard-to-treat forms of lung, breast and prostate cancer, doctors reported at the world's largest cancer conference. Among those who have benefited is Roszell Mack Jr., who at age 87 is still able to work at a Lexington, Kentucky, horse farm, nine years after being diagnosed with lung cancer that had spread to his bones and lymph nodes. "I go in every day, I'm the first one there," said Mack, who

Read in Business Insider: 
https://apple.news/ANKbw5En1S12T6OAFtsw0VQ

Um, Is It True That Apple Cider Vinegar Can Soothe A Sunburn Overnight?
Because a miracle cure would be perfect rn.

Read in Women's Health: 
https://apple.news/AemoZlXeJQBmW2uCDbHoe6A


USA / CANADA

U.S.' Pompeo to discuss Venezuela, Iran with Dutch counterpart
U.S. Secretary of State Mike Pompeo and his Dutch counterpart will discuss Iran and Venezuela during talks in The Hague on Monday, Dutch Foreign Minister Stef Blok said.

Read in Reuters: 
https://apple.news/AzojKWBskRK2aAbiOfxXb4g

Pompeo says U.S. ready to talk to Iran with 'no preconditions'
"We're ready to sit down with them, but the American effort to fundamentally reverse the malign activity ... is going to continue."

Read in NBC News: 
https://apple.news/AFK8sBdK4Qm2jT83p2qrTbQ

Pompeo Says Trump's Middle East Peace Plan May Be Considered 'Unexecutable'
June 03, 2019 Dozens Killed In Mass Gaza Protests As U.S. Embassy Opens In Jerusalem Secretary of State Mike Pompeo has admitted that President Donald Trump's long-awaited Middle East peace plan may prove to be a diplomatic flop. The international community is eagerly-awaiting details of the plan, which has been devised by the president's senior aide and son-in-law Jared Kushner and former lawyer Jason Greenblatt. The White House has been tight-lipped about the nature or release date of the plan

Read in Newsweek: 
https://apple.news/AlehnBeYqRI-gdctbrkjxSQ

Trump: Pompeo 'may be right' in casting doubt on Middle East plan
President Trump said Sunday that Secretary of State Mike Pompeo "may be right" in casting doubt on the administration's long-awaited Middle East peace plan.

Read in The Hill: 
https://apple.news/AXlXxVXpVSz2TmbaCrpT4tA
 
 
EMERGING MARKET
 
 
UPDATE 2-Emerging markets online fashion retailer GFG prepares listing
 
Operates The Iconic, Zalora, Dafiti and Lamoda platforms
Read in Reuters: 
https://apple.news/A73q7py9nRFubb_EsaKYt5w
Templeton
 
Emerging Markets Income Fund ("TEI") Announces Distribution and Results of 2019 Annual Shareholders' Meeting
FORT LAUDERDALE, Fla., June 03, 2019 (GLOBE NEWSWIRE) -- Templeton Emerging Markets Income Fund (NYSE:TEI), a closed-end management investment company (the "Fund"), today announced the results of voting at the 2019 Annual Meeting of Shareholders held on Thursday, May 30, 2019. Shareholders approved the election of three Trustees (Proposal 1), the elimination of the fundamental investment policy requiring the Fund to invest at least 65% of its total assets in U.S. dollar-denominated securities (

Read in Benzinga: 
https://apple.news/ADmIsY8i7NZ6GanMf-ehoEg
 
WorldRemit raises $175M at $900M+ valuation to help users send money to contacts in emerging markets
The value of remittances globally continues to rise, and today a startup thathas built a business targeting money transfers into emerging markets hasraised a large round of growth funding to capitalize on that. WorldRemit, theLondon startup that has focused on enabling competitively-priced, quick moneytransfers from migrant workers and immigrants living in developed countriesback home, typically in developing countries, has raised $175 million in aSeries D round of funding from TCV, Accel and ..
Read in TechCrunch: 
https://apple.news/ACfzfzkZ8Sr2xUXw96aPXVQ'
 
One choice': The strain of shipping to VenezuelaNew York City, United States - On Jackson Heights's bustling main street, red brick buildings give way to colourful shopfronts boasting signs in Spanish, Tibetan and Bengali, evidence of the immigrant communities who have made this Queens district their home over the years. But among the bakeries and lawyers' offices of the Latino area, new notices have been springing up. Papered to the windows of the courier companies that pepper 37th Avenue, posters in red, yellow and blue scream out: "We ship

Read in Aljazeera: 
https://apple.news/ASRh6VIDKOJWmMnuZ_8PrOg
 
Moscow 'withdraws hundreds of defense advisers from Venezuela'
Nicolas Maduro's regime has taken around 1,000 Russian troops since opposition leader Juan Guaido launched his bid to topple the president at the end of April. But this has recently been slashed.

Read in Daily Mail: 
https://apple.news/ATI4mi1cBT2eMDqplfaSpZw
 
 
Prices in Venezuela rocketed 130,000% last year
 
Prices rocketed more than 130,000% in Venezuela last year, according to the first set of central bank data released since 2015. Inflation topped 50% for most of 2018 and exceeded 850% in 2017. Venezuela's GDP has dropped by at least 10% for 11 straight quarters. Visit Markets Insiders' homepage for more stories. Prices rocketed more than 130,000% in Venezuela last year, according to its central bank's first release of inflation data in more than three years. The troubled South American nation
Read in Business Insider: 
https://apple.news/AixX8BiKaR260tQgv6PKXog


 
 

MIDDLE EAST
 
 
 
 
Falih says OPEC+ consensus emerging on H2 cooperation -Arab News
Saudi Energy Minister Khalidal-Falih said there is consensus emerging among the OPEC+ groupto continue their work towards market stability in the secondhalf of the year, the Saudi-owned Arab News newspaper cited himas saying on Monday.(Reporting by Rania El Gamal; editing by Jason Neely)

Read in Reuters: 
https://apple.news/AuCNFz1RMRaC8i-qYXHqAbg


Top General Says Iran-US Negotiation ‘Irrational, Impractical’
A senior Iranian general says holding negotiation with the United States has always proved to be a wrong, irrational, and pointless move.

Read in IFP News: 
https://apple.news/AUH2wkeL0RtmlBRsojTK-mw


CBE issues EGP 1.25bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.25 billion on Monday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bonds will be offered through five-year notes at EGP 750 …

Read in Mubasher: 
https://apple.news/AFk7SSJ0AMCiS7Ccqvw-3mw

Kushner: Palestinians deserve self-determination but uncertain they can govern themselves
White House senior adviser Jared Kushner said in an interview broadcast on Sunday that the Palestinians deserve "self-determination," but stopped short of backing Palestinian statehood and expressed uncertainty over their ability to govern themselves.

Read in Reuters: 
https://apple.news/ABaBLr0WkReOMHnsmwoXBww


Jared Kushner: 'I'm not here to be trusted by Palestinian leaders'
In a wide-ranging interview with Axios, Jared Kushner said that Palestine was not yet capable of governing itself.

Read in USA TODAY: 
https://apple.news/A1U_ijTx3RO2IObG4TFvbOQ


Trump peace plan: Israel's election likely to delay full release
President Trump said on Sunday he is unhappy that Israel will be embroiled in a new election campaign, as his administration prepares to launch its long-awaited Israeli-Palestinian peace plan — the full release of which will likely now be delayed.

Read in Axios: 
https://apple.news/ADBp6gnFoRCSyCWg72MPVtA



AFRICA


Zimbabwe: Zim On Right Path, Says IMF
The work being done by Government to turnaround the economy in line with the aspirations of the Transitional Stabilisation Programme (TSP) have been recognised by the International Monetary Fund (IMF), with market watchers saying the reforms are there for "everyone to see". The IMF's observation comes after United States of America Ambassador to Zimbabwe Brian Nichols said the economy will recover, but cautioned it won't happen "overnight". Government has implored citizens to bear with it as the

Read in AllAfrica: 
https://apple.news/AViybn90ENyiwmsaR8ZuLGg


Zimbabwe: Mnangagwa Takes 'Zim Open for Business' Mantra to Australia
President Emmerson Mnangagwa will later this month send a delegation to Perth Australia, in a bid to spread "Zimbabwe Is Open for Business" gospel at a Mining Investment Seminar Downunder The delegation will comprise of Mines and Minerals Development Minister, Winston Chitando and Information, Publicity and Broadcast Services Minister, Monica Mutsvangwa, among other key mining industry experts. This comes as the Mnangagwa regime is making frantic efforts to find investment opportunities to

Read in AllAfrica: 
https://apple.news/AoFnRZQGpOGKoE1D_gEP-qA

Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says
Foreign loans that use mineralsas collateral may complicate Zimbabwe's future negotiations withforeign creditors to restructure its $8.8 billion debt, anInternational Monetary Fund official said on Monday.

Read in Reuters: 
https://apple.news/A1QLrPAffTKysV1OK3C5tnA

Ethiopia to Get U.S.$ 550 Million World Bank Loan
The World Bank's Board of Executive Directors on Wednesday approved a total of USD 550 million for Ethiopa in a bid to improve the livelihoods of pastoralists and the nation's ongoing power sector reforms. USD 350 million (USD 70 million grant USD 280 million credit) was secured from the International Development Association (IDA) will be used to improve the livelihoods and resilience of 2.5 million pastoralists and agro-pastoralists in low land areas, the bank said in a statement on Wednesday,

Read in AllAfrica: 
https://apple.news/A1qpchkYpNsSJUPHVPQZo2A

South African Airways CEO Quits Over Lack of Funding for Turnaround Plan
South Africa may want to keep its flag carrier afloat but that hope is proving hopeless. CEO Vuyani Jarana, who pledged to bring the carrier back to profit for the first time since 2011, lasted all of 18 months.

Read in Skift: 
https://apple.news/AXnW-ZULTSEOJte6xk3zJUg



ASIA

Asian stocks snap 4 months of gains in May on trade jitters
Asian stocks sank in May, halting afour-month-long rally, as an increase in U.S. tariffs on Chinesegoods lowered the chances of an immediate trade deal between theworld's two largest economies and stoked concerns about a globaleconomic downturn.

Read in Reuters: 
https://apple.news/A2u3DEy3WSnai6KxXZEBzCg


As trade war rages, Chinese firms in ‘malignant’ battle for talent and territory in Vietnam
In the small province of Binh Duong in southern Vietnam, trucks crowd a small road leading to the port from sunrise to sunset, with a few cars and motorbikes honking their horns impatiently among them. During the morning and evening rush hours, traffic…

Read in South China Morning Post: 
https://apple.news/AuGt9Nz3QRO2d6dMRTb74cA

China-operated ports raise security fears for US, Nato
Experts divided on security risk that could expose warships to intelligence-gathering by electronic, visual and human techniques

Read in Asia Times: 
https://apple.news/AtDGYL4DDSBewBqn80Myg9w

Stocks Blog: China, Hong Kong markets falling on trade war angstGood day, traders. US universities are the latest to be pulled into the US-China tug-of-war. China is warning its students about a growing chill around visas. We're into the second trading day of June, with many traders feeling stuck until they see…

Read in South China Morning Post: 
https://apple.news/A3A2jTy3EQGOeka_XscublA


EUROPE


EU firms 'abandoning' UK orders over Brexit uncertainty
European customers are "abandoning" UK firms, according to a manufacturers' organisation.

Read in Sky News: 
https://apple.news/Af-hq20bySMyi36RJH4qtmA

Manufacturing shrinks as Brexit stockpiling halts
UK manufacturing contracted in May for the first time since July 2016, an influential survey indicates.

Read in BBC News: 
https://apple.news/Auv_w1fGTQpa5-TE2M-F5CA

Deal or no deal, we leave EU on Oct. 31: UK PM candidate Johnson
Boris Johnson, frontrunner to be Britain's next prime minister, promised on Monday to lead the country out of the European Union on Oct. 31 with or without an exit deal, launching his leadership bid in a campaign video.

Read in Reuters: 
https://apple.news/AO9If3UAmRAi9A6VPit2K9w

Greece's expanding gas market lights up domestic competitors
As Greece increasingly turns to natural gas to cut its reliance on coal, one company has set its sights on leading the evolution. Mytilineos Holdings SA aims to leapfrog state incumbent Depa SA to become the leader in Greece's gas market by the end of 2020. The Athens-based company, which has imported U.S. liquefied natural gas to Greece, expects a new power plant and sales to third parties to help it meet that goal. "Natural gas is the most important pillar of Mytilineos' strategy in the energy
Read in Aljazeera: 
https://apple.news/ADsfWKm3NNlGq9jupIJ3n6w

Trump meets queen, escalates feud with London mayor
Mixing pageantry and political pugilism, President Donald Trump opened a state visit to Britain on Monday by drawing a smile from Queen Elizabeth II and stepping up a long-running feud with London's anti-Trump mayor.

Read in ABC News: 
https://apple.news/AvX0djvEFSp-6kM--Q709ew
 
d
 
CBI, ISX, Kauaihn Chatter:
 
CBI Update:
 
 
The CBI for Wednesday 6/5/19 did update on the indicative rates Sell Rate 1190
Click on link above for updat.
The currency auction is
There are no news and announcements.
ISX Update:
Click on link above for update
 
Shares Traded:
 
Value Traded:
 
ISX ended in Green
 
Kauaihn Chatter:dd
 
http://www.dinarguru.com/
 
 
6-4-2019  Intel Guru Delta   Article: "Stop issuing card "Key Card" and replace it with "Master Card Rafidain" Quote: "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable." WE WERE WAITING FOR THIS...FINALLY MOVING FROM REGULAR K CARD...TO MASTER CARD...BOOOM...HUGE... 

6-4-2019   Intel Guru Eagleone2025 
   MY MILITARY AND BANK CONTACTS SAID THAT THEY ARE PROJECTING RELEASE VERY SOON...I ASKED HOW SOON …THEY ARE PROJECTING 48 -72 HOURS…SECURITY IS VERY HIGH.   HOWEVER WE COULD GET A GO AT ANYTIME…REMEMBER IT IS A DAY BY DAY PROCESS…
BANKING CONTACT TOLD ME THEY WERE GOING TO BE WORKING VERY LONG HOURS.

6-4-2019   Intel Guru MarkZ
    News is all over the place this morning...according to the Reno people – today is still expected to be “value day” …they are watching between 10 am to 5 pm for 800 numbers  (Reno time).  I am scratching my head about the differences from Reno contacts versus Europe contacts...Reno is geared up for today and the rest of the world is telling me big start on Thursday AM...Keep in mind that the Reno groups are being told this by the US Treasury and people in positions of power and authority.  From contact in Iraq- as of yesterday they are ready to go. They are done, ready and prepared…just waiting on an announcement.  I have great faith in my sources...they are telling me what they sincerely believe to be true... 
We have a lot to watch between now and Thursday AM.

6-4-2019   Newshound/Intel Guru Mnt Goat
     We have seen the evidence of this recently with the smaller category 50 dinar being reintroduced.  I am told to watch for the 100 dinar notes as this will be a sign that the reinstatement is VERY close... I am told this is not something that is going to happen months from now but is in the implementation phase right now and we can expect something in the next few weeks. Folks this is WOW! news. We can only hold on and wait and see what happens next...   [post 2 of 2]

6-4-2019   Newshound/Intel Guru Mnt Goat    So we know we were waiting for the “Financial Administration law” to be passed in parliament. Is it now passed? Some say it is done but I have not see any articles on it. I called my CBI contact in Iraq and they said it is passed and they have gotten the word weeks ago by the finance committee to move ahead with launching more of the smaller category notes for the project to delete the zeros. So they have been doing so.   [post 1 of 2....stay tuned]

6-4-2019   Newshound Guru Adam Montana   Iraq is not specifically included or excluded from it, despite the founding information you can see above, and they are in prime position (GOLDEN OPPORTUNITY) to monetize their place in the deal.  I don't know what else I can say about it...Iraq is in the best place we could hope for. Ramadan is nearing it's end, we are looking at a live fuse attached to a financial firework, and I won't be surprised if they light the fuse before 4th of July.  Not that Iraq cares about the 4th of July... that date just happens to mesh with the "live fuse" metaphor, and the timing is right...I'm excited to be on this side of the microphone as things go down!  [post 2 of 2]
 
6-4-2019 Newshound Guru Adam Montana Article: "Parliamentary Economy: Iraq has a golden opportunity to increase its oil production" Last week, I was expecting a particular bit of news out of Iraq, based on conversations with my personal contacts. This isn't earth shattering news, on the surface...it's very positive for us... I've been talking about how the current OPEC agreement is a huge "ace in the hole" for Iraq. That article above is the biggest "bat signal" imaginable! I'll spell it out real quick - OPEC (The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Wikipedia) currently has an understanding / agreement to limit production. [post 1 of 2....stay tuned]
 
 
Elmer:
 
Not in today
 
Artmeister:
 
Not in today
 
Catnip:
 

*************
ARTICLE 1 (from PM Madhi's website)

At the time this report was submitted, there are no new articles posted on PM Mahdi's website.

*************
ARTICLE 2 (from Government of Iraq twitter account)

At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.

*************
ARTICLE 3

Stop issuing card "Key Card" and replace it with "Master Card Rafidain"
2019/6/4 14:20
[Baghdad-where]

The company "K" announced the cessation of issuing cards "Key Card" in the National Pension Authority, indicating the replacement of MasterCard cards issued by Rafidain Bank.

The company said in a statement on Monday that RTT had suspended the issuance of "K-Card" cards on June 2, which was issued by the National Pension Authority.

He pointed out that the Rafidain Bank and the company "K" will issue cards "MasterCard" instead of it, noting that the cards "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable.

He assured card holders that the replacement will be carried out in a streamlined manner that will guarantee the rights of retirees and continue to receive their salaries normally, and there will be no interruption during the replacement process.

*************
ARTICLE 4

The Municipality of Baghdad announces the creation of a number of parks to receive citizens at Eid
2019/6/4 14:24
[Baghdad-where]

The Municipality of Baghdad announced the establishment of a large number of parks and parks, and decorating a number of streets and bridges, to receive citizens during the days of Eid al-Fitr..

The Secretariat said in a statement on Monday that RTT has set up 104 parks and public parks to receive citizens and enjoy its pits on both sides of Karkh and Rusafa, as well as Zora and Al-Atifah Park and July 14, Abu Nuwas, Saqlawiya and Jadriya Gardens. Of 10,000 dunums.

He added that the municipal and specialized departments worked to perpetuate and maintain these parks and parks in preparation for the occasion, in addition to decorating and lighting 70 main street and bridge, to beautify the beauty of the capital Baghdad.

*************
ARTICLE 5

Security ambush that results in the killing of a terrorist group in the backpacker
2019/6/4 14:14
[Al-Anbar-Ayn]

The security information cell said that "a force from the Anbar Operations Command, in a heroic operation and with a distinguished intelligence effort, was able to lure a terrorist group into an ambush ambushed in the area of ​​Rahaliyah."

"All these terrorist elements were killed," it said in a statement.

*************
ARTICLE 6

Military Intelligence: Baghdadi moves between the border areas of Syria and Iraq
2019/6/4 14:43
[Follow-up]

The director of the Iraqi military intelligence, the director of the security center in Baghdad, Major General Saad Mezher Alalak, the leader of the organization "Daash" is located in the border area between Syria and Iraq.

"The information about the movement of the terrorist, Abu Bakr al-Baghdadi, in the border areas between Syria and Iraq, especially the area of ​​Homs and the Anbar desert and the area of ​​Al-Baaj and urban and areas of Manayef and rocky, as well as the Iraqi triangle Turkish-Syrian, being areas free of military sectors" .

"We have information about the presence of sleeper cells in the remote villages and outskirts of cities and some residential areas," he said. "They were ordered by the terrorist Abu Bakr al-Baghdadi to shave the beards and integrate with the civilian population and create additives far from the eyes of the security services, But the military intelligence officers have a lookout. "

He explained that "the cells of the Daash terrorist can not restore the activity of the terrorist organization to the liberated areas as before, because of losses suffered by the security forces through the battles, and killed most of the leaders of the organization, and psychological and moral, but that" Daash "has become dependent on the implementation of attacks The sleeper cells in the centers of cities and terrorist detachments, which take from the desert areas safe havens and make them areas of terrorist operations.

Iraq announced in December 2017 the liberation of all its territory from the grip of the organization "Daash", after about 3 and a half years of clashes with the organization, which occupied about one third of the country's territory, declaring the establishment of "Islamic succession", but the Iraqi authorities from time to time to eliminate Residues of cells belonging to the organization.

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