Monday, August 19, 2019

WOTS Monday 8/19/19

WOTS Monday 8/19/19
WOTS Monday 8/19/19


Parliamentary Finance of the "Covenant News": the formation of a committee to raise the exchange rate of the dinar again

I don't like that it says in the future  ... but the rest is good especially when you add it with the articles about the coins too 
Revealed the Finance Committee in the House of Representatives, the formation of a committee to raise the price of the Iraqi dinar against the US dollar.
"The Finance Committee has formed a sub-committee to maintain the exchange rate of the dinar against the US dollar," committee member Abdel Hadi Saadawi told Al-Ahd News on Monday.
He added, "The Committee will work in the future to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within the local market."

image

AGHDAD - Mawazine News 
identified the Finance Committee in the House of Representatives, on Monday, a reason to prevent the minting of coins, the introduction of a proposal before minting. 
Majid al-Waeli, a member of the committee, expressed the readiness of the committee to prepare any legislation required by the Central Bank, which could benefit the Iraqi economy and market, including the circulation of coins. 
"The committee respects the independence of the central bank and its monetary policy," he said, stressing that "the bank has technical autonomy by decision regardless of administrative affairs.
And the MP Waeli, that "Iraq can not reproduce the experience of other countries in the use of those currencies, if it was in favor of the advancement of the economy; we can support this by listening to the justification and the views of the Central Bank 's view and then the appropriate legislation of laws for the continuation of the monetary policy The country has to proceed properly. " 
Committee member Jamal Kojer stressed that "all countries in the Middle East and the world have a coin," noting that "this type of currency gives strength to its economy." 
"We hope that the concerned parties can strengthen the currency so that small groups can have purchasing power in the event of the use of coins," Kojer said.
 Committee member Ahmed al-Saffar said, "The cost of a coin is more than paper money, and it is more difficult to carry it on the citizen." 
He said al - Saffar, that " the winning of inflation in the economy prevents the sake of coins and make trading between citizens", suggesting that "be no step to delete the zeros precede the process of coinage metal to be there the value of small groups versus large" .anthy
This one is easier to understand imo 

Parliamentary orientation to restore the metal operation in Iraq

Parliamentary orientation to restore the metal operation in Iraq
The parliamentary Finance Committee revealed that there is a tendency to re-operate the coin that has been used for decades in the country, while members of the Committee suggested pre-empting the coinage process by step "deleting zeros" from the current currencies to be of value to small cash groups..
The committee member, Hanin al-Qadu, in a press statement, followed by "Al-Ahd News", on Monday, that "during meetings and discussions with officials in the Central Bank we stressed the need to re-work coins, which was used in Iraq during the past decades, instead of paper Damaged and printed in large quantities again . "
He added, "The use of metal categories and their descent for trading gives a notional value to the currency," noting that "a number of neighboring countries - exchange rates are very high against the dollar - and yet we find that it has a coin in order to preserve the currency and not need to request more papers Cash, especially in small categories . "
Alkdo expressed surprise at the "policy of the Central Bank, which does not favor the introduction of coins for circulation in the Iraqi market ."









 
Forex Rates: 
 
 
SymbolBidAskHighLowOpenChangeTime
 USD/IQD  0.0000  0.0000 1166.5000 1166.5000 1166.5000  -0.1000 00:00
 USD/VND  23207.0000  23210.0000 23207.0000 23207.0000 23207.0000  0.0000 03:20
 USD/CNY  7.0431  7.0451 7.0472 7.0392 7.0419  0.0013 03:31
 USD/KWD  0.3038  0.3048 0.3035 0.3034 0.3034  0.0002 03:16
 GBP/USD  1.2129  1.2130 1.2172 1.2125 1.2144  -0.0015 03:31
 USD/IRR  0.0000  0.0000 42000.0000 42000.0000 42000.0000  0.0000 00:00
 USD/IDR  14239.0000  14239.0000 14237.0000 14000.0000 14185.0000  38.0000 03:31
 
 


CNBC Link:  
 
 
CNBC Morning Squawk Link:
 
No link yet
 
DC NY Iraq Articles:dd

Halbousi assures the US ambassador of the importance of dialogue to solve the problems of the region

 
Release date:: 2019/8/19 0:08 • 99 times read
 
(BAGHDAD: Al-Furat News) Speaker of the House of Representatives Mohammed al-Halbousi, on Sunday, with the US Ambassador to Iraq Matthew Toller. Relations between Baghdad and Washington, cooperation in the field of security, and regional political and international situation.
The President of the House of Representatives during the meeting, according to a statement to his office, "the importance of expanding the horizons of cooperation between the two friendly countries in the field of security and intelligence; to combat terrorism, eliminate IS cells, and maintain victory." 
"They also reviewed the latest regional and international political developments, stressing the need to ease tensions in the region and the importance of dialogue to resolve outstanding problems, avoid crises and maintain stability," it added. 
For his part, the Ambassador of the United States of America on his country's commitment to support Iraq in the fight against terrorism, and support the security forces in coordination with the Commander-in-Chief of the Armed Forces.

Tamimi: 95% of the revenues of state property go to the pockets of corrupt and implicate a government department

 
Release date:: 2019/8/19 23:40 • 274 times read
 
The head of the non-oil revenue committee Majida al-Tamimi, on Sunday, the existence of 170 thousand properties in the province of Basra was falsified papers and records by influential and officials involved said it would reveal their names later.
Al-Tamimi said in a press statement that "these files were handed over with the rest of the files of corruption to Prime Minister Adel Abdul Mahdi." 
She added that her committee "paid great attention to the real estate file and discovered during the search in this file large scourges, as she put it," pointing out that "5% of the revenues of those properties did not go to the state treasury, but 95% of them go to the pockets of corrupt," she said. . 
Tamimi revealed: the existence of records and files were deliberately concealed from the original records, not to mention manipulation and forgery, revealing at the same time the involvement of real estate registration as well. 
She pointed out that "corruption files concerning real estate and because many filled a large travel bag and was sent to Abdul Mahdi, pointing to the coordination with the Integrity Commission and the Office of Financial Supervision," calling "Abdul Mahdi and integrity to form an investigative committee to discuss these files and know the country where to go to find solutions For this corruption, "she said. 
MP Sairon Majida al-Tamimi, an Alliance member, said earlier on Sunday that Prime Minister Adel Abdul Mahdi had received "very, very serious" corruption files on state property.
 
 

Record rise in production of Badra oil field
 
 
 
19-08-2019 12:00 AM
 
Baghdad / News:
Wasit province announced that the production of Badra oil field to reach one million and 800 thousand barrels since the beginning of this year until the middle of this month.
Wasit governor Mohammed Jamil al-Mayahi said in a statement that the production capacity of the field rose from the same period last year to one million and 800 thousand barrels, indicating that the Russian company (Kazprom) invested in this field confirmed that it seeks to reach production to 170 thousand barrels per day during the current year.
He added that the initial production capacity of the Badra oil field rose from 45 thousand barrels per day to 77 thousand barrels per day of light crude oil after the inauguration of the sixth oil well in the field, noting that KazBrom has issued a tender to drill 13 new oil wells in preparation for reaching 170 thousand barrels per day during Year 2019.
 
 
 
Diyala security for the "Covenant News": 60% of the violations in the province are the remnants of political conflicts
 
19/08/2019 12:21 AM | Number Of Hits: 841
Al-Ahd News- Continue
 
"The security situation in Diyala is directly affected by the security of Kirkuk and Salah al-Din," said Sadiq al-Husseini, head of the security committee in Diyala provincial council.
 
Al-Husseini said in an interview with Al-Ahd News that "the areas witnessed in Khanaqin and Jalawla, and their villages of terrorist attacks, it can be confirmed that 60% of them are the effects of political conflicts as they are from the disputed areas, where terrorism benefits from these differences to achieve His goals "
 
"The absence of terrorist violations inside the city centers, especially during the events, is a sign of our security, military and intelligence success, and our goal is to end the terrorist presence and its targets in all the towns and villages of Diyala. 

Global concern about currency war increases trade confrontation among major economies

As the US-China trade talks set back by tariffs set back, a currency war is looming, and its repercussions may be more influential in global markets. There are real fears that trade conflict will turn into a war in the currency and currency market. This is called the measures banks use to deliberately devalue the currency to take advantage of the low exchange rate competitiveness, compared with trading partners.
When central banks are racing to adopt such measures to collectively lower the exchange rate, this situation arises from a trade war that targets the exchange rate. This term emerged in 2010, and the Brazilian finance minister launched it when he said that his country was “facing the consequences of a currency war”. .
After the global crisis, the major economies combined adopted a policy of “monetary easing and a near zero interest rate cut”, reflected in the Brazilian currency, whose exchange rate has risen.
The Brazilian finance minister noted at this time that his country's exports are losing competitiveness due to the deliberate devaluation of the major countries' exchange rate.
Recently, worries about currency war returned after China devalued the yuan to 7 yuan for every dollar, and the US president has repeatedly complained that "China and Europe are deliberately weakening the exchange rate." As the US president presses the Federal Reserve to adopt a policy of "weakening the dollar," to start another round of currency war at the moment, especially after the US central bank announced the first rate cut since the global financial crisis in 2008.
The European Central Bank is expected to move in the same direction as the US Central Bank and announce an imminent rate cut. The Central Bank of India, Singapore, Thailand, New Zealand and Australia also cut interest rates in the past period. Such moves will certainly have repercussions on assets and may cause a bubble in high asset prices.
The currency war drums are already ticking 
Analysts see what the currency markets are currently witnessing as part of the "heating" of a larger war in the currency market, especially as the US president continues to draw world attention to the actions of China and Europe as part of a currency war, so Trump insists that The US central bank is pushing the devaluation of the “strong” dollar, like China, so that US exports and goods can be boosted in the domestic market.
Mohamed Abu Pasha, a financial analyst and vice president of research at EFG-Hermes, said: “What the world is witnessing is already paving because the currency war drums are already ticking, especially as the US president insists on calling them. China is accused of manipulating the yuan to support its exports as world trade slows dramatically. ”
He explained, in a telephone interview with the "Independent Arab," that the current atmosphere is not at all conducive to any crises, and the economies of the world can no longer bear more shocks, especially with the outbreak of trade war between the United States and China, and this war spread to other countries, nor "There is now a sign that the trade war will stop in the near term."
On the effects of the prolongation and ramification of trade wars and the emergence of a currency war, this war will threaten the global financial system and weaken the actions of countries and governments to contain the effects of the slowdown in global growth.
He pointed out that the currency war comes under the negative expectations that the world is moving strongly towards a new global financial crisis, and so far there is a lot of data, which confirms that we are crawling strongly, and therefore there is no alternative to deal with caution, whether by the United States or China Europe so as not to slip into a global financial crisis will hit all economies, whether big or developing.
Strong shake-up in stock and currency markets after the devaluation of the "yuan" 
Perhaps the wave of heavy losses witnessed in the global markets during the last period followed by talk of a war in the currency market, the biggest evidence that there is no reason for reassurance, as emerging market currencies fell, and global and Arab stock markets fell by almost 3%, and gold rose as a haven The 10-year Treasury yield fell to 1.74%.
According to Bloomberg, losses caused by China's decision to devalue the yuan against the US dollar have not only stopped, but also reached individuals. The 20 richest people on the world's richest index lost 2.1 percent of their wealth, or 117 billion dollars. The Dow Jones Industrial Average, which includes the top 30 companies, fell by more than 2% following the decision. The global trade war is expected to cost the world economy about $ 1.2 trillion, according to international reports.
A war of words continues between China and the United States 
The Chinese escalation angered the US president, who called China's devaluation a "major violation" and said the move would "significantly weaken Beijing over time," and officially accused it for the first time since 1994 of manipulating the currency, referring to US law imposes sanctions on countries that devalue their currency for unfair competitive advantages.
China rushed to deny currency manipulation, justifying the yuan's decline as being influenced by unilateral behavior, trade protectionism and higher tariffs. "China has not and will not use the exchange rate as a tool to deal with trade disputes," he said.
This is not the first time that China has used its currency as one of its most important tools in its trade war. China has already devalued the yuan several times, most recently in 2015, as the Chinese central bank devalued the yuan to its lowest level in three years against the dollar. American.
The US administration faces a huge trade deficit, which according to the US Treasury Department reached about 621 billion dollars last year, while the US trade deficit with China amounted to 419.2 billion dollars.The US administration attributes the rise in the deficit to the devaluation of its domestic currency exporters, led by China, which adds a trade advantage to its commodities.
In the same context, the Chinese consumer will be the biggest loser, as the weak "yuan" raises import prices, limits living standards, while imports of goods in particular will weaken. Because their prices are denominated in dollars, higher commodity prices will put pressure on input costs, weaken corporate margins and slow government spending.
The weakening of the yuan also poses a risk to Chinese non-financial US dollar debt, which is close to $ 850 billion. Also, Chinese banks have already issued $ 670 billion in debts that have caused the banks' burdens to rise by more than 11%, which could lead to higher default rates.
Will Trump intervene and weaken the “strong” dollar? 
In a recent analysis published in the Financial Times, the most specific concerns in the markets are that the US administration may intervene directly to weaken the US dollar, and while the euro, yen and sterling are all potential targets, the greater scope for global financial instability will be linked to China and the US.
Adding to the crisis is China's tendency to use US Treasury weapons in its trade and currency market. China has more than $ 1 trillion in US bonds, and Beijing's use of a weapon in the war would be the bomb that exploded at a gas station. According to financial analyst Nadi Azzam.
Azzam, in a telephone interview with the Independent Arab, that "the current atmosphere and tensions in the world, whether in terms of political or geopolitical tensions in the currency markets, in addition to slowing global growth, all these indicators confirm that the world is crawling strongly Towards a new global financial crisis. ”
He pointed out that "China has already begun in the past three months to reduce its holdings of US Treasury bonds, which indicates that Beijing resorted to currency war to escape the trade war sparked by the US president last year."
According to the US Treasury Department, China reduced its holdings of US bonds by about $ 20.7 billion to $ 1.1 trillion. But China still has the largest holdings of US debt despite a decline of about $ 81 billion since June last year, but in the long run, China's share of US debt in issued US debt fell from an all-time high in 2011 At 14% to 7% at the moment.
Huge losses for emerging market currencies 
Unlike emerging market currencies since the beginning of last year, led by the Turkish lira, which has lost nearly 40% of its value, which may indicate that any move towards a war in the currency market will have violent repercussions, the Argentine peso has seen a decline in the days Sharply, after the primaries produced a shocking result on Sunday, center-left candidate Alberto Fernandez defeated center-right Macri, in what was widely seen as a referendum on the government's bid for an IMF loan and conditional austerity measures.
In a new blow to Argentina, rating agencies Fitch and Standard & Poor's downgraded their sovereign debt rating, raising the specter of Argentina's default as the October elections approach.
"African Development" warns of imminent risks 
"The trade war between the United States and China and the uncertainty surrounding Brexit pose risks to Africa's economic prospects, which are increasing day by day," Akinomi Adesina, president of the African Development Bank, said in a recent report.
He said the trade dispute between the world's two largest economies triggered violent turmoil in global markets and raised investors' concerns as it entered its second year without an end in sight.
"If the global external shocks accelerate, the bank may revise its forecast for Africa's economic growth of 4 percent in 2019 and 4.1 percent in 2020," the head of the African Development Bank said.
"We usually adjust this based on global external shocks that may slow global growth, and these problems are increasing day by day."
He continued, “There is the British separation from Europe, as well as the recent clashes between Pakistan and India, as well as the trade war between the United States and China. "All of these things can come together to slow global growth, and so have implications for African countries."
African countries needed to strengthen trade with each other and enhance the value of agricultural production to reduce the impact of external shocks. He pointed out that the free trade zone on the African continent, which was launched last month may contribute to accelerate economic growth and development, but African countries must remove non-tariff barriers to support trade.
 
Kauaihn Iraq Articles:dd

Parliamentary economy: the security situation behind the weakness of investment in Iraq

 
Release date:: 2019/8/19 10:40 • 112 times read
 
(Baghdad: Euphrates News) Member of the Committee on the Economy and Investment Parliament, Riad al-Tamimi, on Monday, the weakness of international investment in Iraq to the security and economic situation is unstable.
Al-Tamimi said in a statement received by the agency (Euphrates News), a copy of it, that "many countries and international companies have a clear desire to enter the Iraqi market and investment in all areas, but what delays many reasons." 
Al-Tamimi added that "one of the most important reasons is the unstable security environment in some areas, which is a suitable environment for investment in addition to the routine and slow government measures in particular." 
He pointed to "the importance of activating the procedures and laws encouraging investment with the provision of appropriate security environment to reflect a positive image of foreign investors to enter Iraq and start projects that benefit the parties with simplified and encouraging procedures," noting that "can not move to a better economic reality without international participation in reconstruction and reconstruction and investment in all Fields. "Finished 
 
 
Security expert for the "Covenant": America failed to perform its duties in Iraq in accordance with the Convention
 
 
19/08/2019 11:53 PM | Read
 
Al-Ahd News- Continue
Security expert Safaa al-Aasam said on Sunday that the decision to approve the flight came late after several strikes on military units.
 
Al-Aasem said in an interview with "Al-Ahd" that   The main duty of the United States under the Convention is to protect Iraqi territory and airspace and failed to perform its duties.
 
He added Alasam in his speech that   Iraq has not upgraded its air systems despite the transition from the eastern to western armament camp.
 
He pointed out that America seeks to take advantage of Iraq's weakness to maintain its presence in addition to 14 military bases.

The presidents of Dhi Qar and Diyala appeal are sworn in before the chief justice

 
Release date:: 2019/8/19 11:11 • 89 times read
 
BAGHDAD: The presidents of the courts of appeal of Dhi Qar and Diyala on Monday morning sworn in front of the President of the Supreme Judicial Council, Judge Fayeq Zaidan.
A statement issued by the Media Center of the Supreme Judicial Council said that "Judge Mohammed Haidar and Judge Hussein Kazim sworn in before the President of the Supreme Judicial Council, Judge Fayeq Zidan as presidents of the Federal Courts of Appeal of Dhi Qar and Diyala on the occasion of the issuance of the Republican decree appointing them as chief appellate in the courts where they work."

Iran's Revolutionary Guards stationed on the border of Kurdistan

In the political and media circles in the Kurdistan region of Iraq, talk and fears of the possibility of the Iranian Revolutionary Guard forces to launch ground attacks on some areas of the region, in order to destroy the camps and border posts of the Iranian Kurdish parties, within the Kurdistan region.
Kurdish fears have accumulated following military information leaked by some Kurdish military sources to local media that the IRGC factions have massively mobilized their forces on the border in recent times, and that these movements may have been a prelude to a large-scale ground operation.
Restoring the Turkish style
Kurdish observers believe that the Iranian side is seeking to restore the Turkish experience with the opposing forces within the Kurdistan region of Iraq.
Artillery, rocket and drones bombardments carried out by Iranian forces on the headquarters and camps of Iranian Kurdish parties last year have not succeeded in controlling the activities and effectiveness of these camps, and are now planning a ground military offensive to destroy those headquarters and camps, and control the Kurdish side of the border. And create a kind of safe zone within the Kurdistan region.
These deliberations come at a time when the commander of Iran's Revolutionary Guards, Hossein Salami, said that his forces would control the entire strategic mountainous border with the Kurdistan region of Iraq.
Salami, who made an extraordinary visit to those areas, assured local media that the mountainous areas of the Piranshahr and Sardasht border areas were completely safe and under control, and that the Revolutionary Guards were able to repel any attacks on those geographically disobedient areas.
Exceptional escalation
In contrast, the IRGC was attacked by parties deemed by the “anti-revolutionary group” in late July, killing two IRGC members, followed by less than one week later, killing three. Other members of the Guard, who vowed a decisive response to those attacks.
Kurdish party attacks came after a number of escalating attacks by the Iranian army on Iraqi Kurdish areas since the fall of last year.
The Iranian army launched a missile attack on several headquarters of Iranian Kurdish parties in the Kurdistan region on September 9, 2018, resulting in dozens of civilian casualties, prompting joint condemnation from the Kurdistan region and the Iraqi central government.
After the massive attack, the IRGC launched artillery attacks on various border areas of the Iraqi Kurdistan region, in which Iranian Kurdish civilians were living in those camps, which Iran accuses of being a cover for the armed activities being waged against it.
Three Iranian Kurdish currents are armed
Three Kurdish political currents in Iran are armed, with their main strength in the border areas with the Kurdistan region of Iraq. The Iranian security and military services believe that they are waiting for any Iranian military preoccupation to launch attacks across the mountainous border areas, particularly from the Iranian-Iraqi-Turkish border triangle, through the Qandil mountain range, or in the Karagagh and Herman mountains in the central border areas. Iran and the Kurdistan Region.
The Kurdistan Democratic Party / Iran (PDKI) is the main force of the Kurdish armed forces. The party is the heir to the traditional Kurdish nationalist movement in Iran for nearly a century, founded the Republic of Kurdistan in Mahabad in 1946, and fought an armed struggle against the Iranian regime after the overthrow of the Shah in 1979, and later benefited from the long Iran-Iraq war in the 1980s. It is a party with close ties to the Iraqi Kurdistan Democratic Party.
Besides the Kurdistan Democratic Party, the Free Life Party (PJAK), a party that believes in the ideas of PKK leader Abdullah Ocalan and is politically and militarily intertwined, is based in camps close to those of the PKK in the border triangle. The Iranian Kurdish Komla Party, which is considered a descendant of leftist nationalist parties and currents.
Two parallel lines
Observers of the development of events between the Iranian regime and the Iranian Kurdish political forces, point to the progress of the Iranian strategy on two parallel tracks to control its relationship with the Iranian Kurdish forces.
At a time when Iran is stepping up its attacks and threats to the armed forces and Iranian Kurdish political parties, especially those based in the Kurdistan region of Iraq, reports of rounds of negotiations between these Iranian Kurdish parties and the Iranian regime in a number of European countries, with the knowledge of the United States of America.
Over the past three months, negotiations have been held in Germany and Norway between the two parties, organized by some European civil institutions, in particular Norwegian Norwegian organization.
These negotiations were attended by four Kurdish parties, namely the Kurdistan Democratic Party with its political organization, along with the leftist Komala and Free Life parties. On the Iranian side, former diplomats, as well as intelligence officers, participated.
So far, there has been no indication of the results of these dialogues, because of the lack of confidence on the part of the Kurdish side, and also because the Iranian side does not want to bear the consequences of any official recognition of Kurdish political and military forces through any negotiation process.
Few follow-ups, however, said that Iran is engaged in such talks in anticipation of any political and military circumstances that may face Iran in the face of confrontation with the United States, and thus seeks to absorb the most vital Iranian political and military forces, represented by the Iranian Kurdish parties, even temporarily.
In a related context, the sources pointed out that Iran has asked the Kurdish parties to abandon armed action and pledge not to enter into any consensus with the forces and countries facing Iran, and thus Iran will allow them to return to its territory, and political action on the terms and conditions there.
 
 
France Optimistic About New KRG: Consul General
 
 
 
BasNews 19/08/2019 - 01:25 Published in Kurdistan
    ERBIL - France is optimistic about the new Kurdistan Regional Government (KRG), the French Consul General in Erbil Dominique Mas said on Sunday, adding that there are serious efforts to implement reforms.
    Mas made the remarks during an interview with Kurdistan 24, in which he also pointed out that the new cabinet does also make efforts to address the remaining issues between Erbil and Baghdad, especially in regards to the disputed areas.
    He additionally confirmed former reports saying that French President Emmanuel Macron will visit the Kurdistan Region by the end of this year.

    Iran's Regulated Forex Market a Step in the Right Direction

     
    August 18, 2019 20:00
     
    Iran's Regulated Forex Market a Step in the Right Direction  
    A former governor of the Central Bank of Iran says the regulated foreign exchange market would be a significant step by the CBI toward a single rate currency. 
    Welcoming the positive aspect of the market, Tahmaseb Mazaheri commended the “brave and serious” central bank’s measure in rewriting the long-awaited currency policy. 
    “Launching the regulated market is the second loop in the chain of unifying forex rates after correcting currency prices,” he told a radio program, Fars News Agency reported.
     
    Kauaihn Economic Times:
     
    ECONOMIC TIMES / CHATTER

    FOR TWITTER ACCT

    Just send a text message from your cell phone to:
    40404 (may have to add 40404 as a contact first) Then send a message that says: Follow @FactsnOpinion1 and you will join their twitter feed and instantly get the doc. You do NOT have to join twitter to get tweets
    ONLY SPACE IS AFTER FOLLOW
    who are on their computers to go to:
    to get to our twitter feed
    GLOBAL/NEWS/INFO

    Today in History
    Today in History

    Read in ABC News:     https://apple.news/AbWzIG0f8Qz20eT2RxvV6jA


    Skewed To The Downside: How The Trade War Is Shaping Global Market Risk
    In the trade and tariff arena, sometimes kicking the can down the road is a good thing.Major moves in global bond markets, with German bond yields reaching new record lows.Economic data from the eurozone - "a little bit of a double whammy".

    Read in Seeking Alpha:     https://apple.news/AimUUS8Y2RbWUICDMLo2VSw



    OIL/COMMODITIES/ENERGY


    A Golden Opportunity
    As the interlude in the trade war has ended, so have markets once again entered crisis mode.One of the biggest winners in this all was gold (GLD), which is now trading comfortably above $1500/ounce.With uncertainty in the market unlikely to subside in the near term, this provides a perfect opportunity to enter the gold trade.

    Read in Seeking Alpha:     https://apple.news/AACJy3MP3Qw2o9UBDE1W8Rg


    Gold Miners' Q2 2019 Fundamentals
    The major gold miners’ just-reported Q2’19 earnings season was solid. Gold didn’t take off until late June, so they hadn’t yet materially benefitted from its powerful bull market breakout surge.With the recent mega-mergers finalized, gold stocks saw slightly lower production at materially higher costs. That hit accounting profits, but operating cash flow generation was strong. Higher gold will greatly improve Q3 results.But the major gold miners are still struggling to grow their production.

    Read in Seeking Alpha:     https://apple.news/AT8Hsj7iYQsWEFlx5ykp1Jw



    Risk-Off Looms In The Oil Market: Brent, Oil Services Companies, And OIH Are Too Cheap
    A choppy market in oil.Brent-WTI narrows as global demand falls.Iran remains a potential problem.Inventories rose last week.OIH is too low and offers value.

    Read in Seeking Alpha:     https://apple.news/AyDXV5crOQwGnv1-PX9KiKg



    Fractional Banking Vs. Fractional Thinking - The Continuing Saga In The Silver Market
    Conspiracy theorists in silver have been around for a long time.The Hunts got cheated - no argument there.The governments and banks of the world care as much about silver as any other metal and a lot less than they care about gold.Fractional banking and massive positions have led to fractional thinking and wild theories that do not hold water.If gold continues to rally silver is bound to follow - silver mining stocks will likely outperform the metal.

    Read in Seeking Alpha:     https://apple.news/AW2AdFV4hQcercmJ7yvIIlw


    Energy & Precious Metals - Weekly Review and Calendar Ahead
    By Barani Krishnan Investing.com – If oil traders weren’t too sure about direction coming into this week, they’re probably as clueless going into next...
    https://www.investing.com/news/commodities-news/energy--precious-metals--weekly-review-and-calendar-ahead-1957739



    BANKS/BANKING/CREDIT


    China changes the way bank loan rates are set, with HSBC left out of rate-setting club
    China has changed its system for deciding bank lending rates so that the central bank can effectively influence and control interest rates, a significant move in the world’s second-biggest economy. The change – part of China’s long-standing pursuit of a…

    Read in South China Morning Post:     https://apple.news/A_dsPgLi8Tz-E4mD80TO_8A


    Trump called the CEOs of the biggest US banks on Wednesday as the stock market plunged
    President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.

    Read in CNBC:     https://apple.news/Au3UWciA7Qi-UXP3ZyfmUTg


    Retail banking in 2019 overview: industry stats, trends, & market outlook
    ATMs and customer deposits are some of the most common retail banking services Associated Press Business Insider Intelligence is launching its brand new Banking coverage in early September. To obtain a free preview of our Banking Briefing, please click here. What is retail banking? Retail banking, also known as personal or consumer banking, refers to the mass-market banking activities that serve the general public. Common retail banking services include checking and savings accounts, debit and

    Read in Business Insider:     https://apple.news/AqKjukYg7QHa839mp5u__sg


    Negative Mortgages Set Another Milestone in a No-Rate World
    The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.

    Read in Bloomberg:     https://apple.news/Ay07IQ1LoTVmdUZlk3luVsA




    TREASURIES/BONDS/STOCKS


    3 Things Under the Radar This WeekStock Markets Aug 17, 2019 12:31 GMT Investing.com - Here’s a look at three things that were under the radar this past week. Yield Curve Inversion: This Time It’s Different? An important part of the yield curve inverted earlier this week for the first time since 2007, sounding the alarm on a possible recession. But don’t let the prophetic powers of the bond market, which has flagged every recession over the past 60 years, muddy your judgement, as there are other forces at play causing the yield

    Read in     Investing.com: https://apple.news/A7Oh5YNwCTTu8l8S0rHDq4Q


    Economic Calendar - Top 5 Things to Watch This WeekEconomy Aug 18, 2019 10:41 GMT Investing.com - This week investors will be watching to see how the Federal Reserve may respond to recession fears whipped up by the inversion of the Treasury yield curve. The Fed will hold its annual gathering in Jackson Hole towards the end of the week, with Chairman Jerome Powell to address the forum on Friday. The Fed will publish the minutes of its July meeting, when it cut interest rates for the first time since the financial crisis, on Wednesday. That, along

    Read in     Investing.com: https://apple.news/ACdxR3iQpSlOjk-twpV_f9Q


    Stocks end roller-coaster week on a higher noteFinancial markets closed up after swinging sharply this week on fears of a recession and a global slowdown

    Read in CBS News:     https://apple.news/AmnIohwpZQLaO9u1uWXcRcQ


    What’s up with the yield curve?This episode of Today, Explained walks through the infamous yield curve and what it’s signaling about the next recession.

    Read in Vox:     https://apple.news/AdyKs3-OSTteG1R47D-wxUQ

    Stock-market investors rattled by bond market’s recession warning — here’s what’s nextThe bond market sent a warning, and this time the stock market listened. Investors will be looking for clues in the week ahead that policy makers are listening, too.

    Read in MarketWatch:     https://apple.news/AJ33tk5I_Q9m2r4ynCJLf2w

    Bond Market Signals Recession, Hurting Stock PricesThe Entrepreneur Index™ was down 3.03 percent in the last week with most of the losses coming on Wednesday -- the worst day of the year in the stock market. The Dow and S&P 500 indexes fell 2.91 percent and 2.89 percent in the last five trading sessions while the Nasdaq Composite index was down 3.39 percent.

    Read in My San Antonio:     https://apple.news/AYnLEmQ8wT76Fa8Ffxam2Eg


    CRYPTO / DIGITAL CURRENCIES


    Futures Now: Here's where bitcoin could be headed next"Futures Now" Anthony Grisanti, GRZ Energy, and Jim Iuorio, TJM Institutional Services, discuss bitcoin's rocky journey with CNBC's Eric Chemi.

    Read in CNBC:     https://apple.news/A4-R1ILDEQlqvHMg9Djl8dg


    How Bakkt Announcement Could Be a Blessing For Bitcoin HoldersYesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE) has finally been given the green light. The news that the Commodity Futures Trading

    Read in     Bitcoinist.net: https://apple.news/AJgbsN_qdPciD-hmwqTdfAA


    Cryptocurrency This Week: Supreme Court To Conclude Hearing Next Week, Bitcoin India Investigations And MoreNot only the Nobel laureate economist Paul Krugman who has been against Bitcoin since beginning but, Dr. Doom a.k.a Nouriel Roubini, an economist and professor at New York University who was among the first ones to predict the financial crisis of 2007-2008 has hunted down the cryptocurrency Bitcoin and the underlying technology, blockchain. Nouriel went...

    Read in Inc42 Media:     https://apple.news/AmF08t1z7T1meCRPsp3Okcg


    CURRENCIES


    Digital Currency Being Launched By Chinese Central Bank Is Not Cryptocurrency
    Cryptocurrencies have grabbed the attention of governments across the world, and many countries have established crypto projects of their own. These countries seek to harness the benefits of digital assets through their national crypto assets. China is one of the countries that are currently in the process of developing its cryptocurrency. The Chinese digital asset may be closer to being launched than many would have anticipated as the process to avail it to the public official has been

    Read in InsideBitcoins:     https://apple.news/AGMzHxe0KOnunkErF2dwM7A

     


    AUD vs NZD: Who is Winning? | Action Forex
    The Australian Dollar and the New Zealand Dollar are two commodity currencies that are heavily dependent on China as a trading partner. As the slowdown in China continues, it directly effects the economies of Australia and New Zealand. With no end in sight to the trade war between the US and China, fears spread throughout […] The post AUD vs NZD: Who is Winning? appeared first on Action Forex.

    Read in Action Forex:     https://apple.news/A-jd6umjzMYqXXFKvGvNrbQ


    Brazil's foreign exchange move paves way to reduce $385 billion reserve stash
    Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said.

    Read in Reuters:     https://apple.news/A_QUAA43iSum_DVKYwJwM6g




    HEALTH / SCIENCE


    Tips for lowering blood pressure, which may cut dementia risk
    A study in the Journal of the American Medical Association has found a link between high blood pressure and dementia

    Read in CBS News:     https://apple.news/Azd0X0UYvQiS-K0XWtJTIww


    "Burn pits" may have put veterans at risk
    Over 1.5 million American troops were deployed to Iraq and Afghanistan between 2001 and 2011. Many returned with visible scars of war -- but for some, their injury is hidden. At some of the military bases throughout those regions, waste materials were disposed of in giant so-called "burn pits," and breathing fumes from those fires appears to have damaged the health of countless veterans. Barry Petersen reports.

    Read in CBS News:     https://apple.news/Ai_FqJp2AQMCaifWxyzojwQ


    10 Reasons You're Not Getting a Good Night's Sleep
    Need better sleep? Forgo trendy solutions and simply stop making these common nighttime blunders. Photo by GeorgeRudy The Secret to Deeper Sleep Sleep has become such a cultural obsession we now have sleep trackers on our cellphones, smart mattresses to analyze REM cycles, and direct-to-consumer brands pushing sleep-enhancing sheets, vitamins, and drink supplements. But if you're looking for a more natural, analog approach to a better night's rest, consider avoiding these daily mistakes health

    Read in Food Network:     https://apple.news/AlUAonO5JTnq9iQjMjPfZxg


    More than 120 cases of lung disease in 15 states could be linked to vaping
    Health officials say it's still unclear whether there's a connection between these cases or whether vaping definitively caused their illnesses — which led to multiple people being hospitalized.

    Read in CNN:     https://apple.news/ARnOwERRuTeys4qg7IvKYKw




    USA / CANADA

    What Does The Fed Know That We Don't?
    Smart diversification trumps betting on experts any day. When it comes to your retirement, it’s more important to be prepared than right.

    Read in Forbes:     https://apple.news/AFnPI0NU2ShCpFFXHZIV9Ow


    Here's what Powell could say at Jackson Hole to soothe the roller coaster markets
    Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.

    Read in CNBC:     https://apple.news/AB4hfjd9CQ1efvKZJKFa3xA


    Trump aides look into U.S. purchasing Greenland after directives from president
    President Trump has pushed top aides to investigate whether the U.S. government can purchase the giant ice-smothered island of Greenland, two people with direct knowledge of the directive said. The presidential request has bewildered aides, some of whom continue to believe it isn’t serious, but Trump has mentioned it for weeks. The two people with knowledge of the presidential demand spoke on the condition of anonymity because they weren’t authorized to reveal such White House planning. As with

    Read in The Washington Post:     https://apple.news/AXSr3B4sUQv-WzZ_bpaRNzA


    Aides got Trump to delay tariffs by telling President it could 'ruin Christmas'
    As President Donald Trump's trade advisers were searching last week for a strategy to forestall his threatened tariffs on China, they struck upon a novel approach: appeal to his Christmas cheer.

    Read in CNN Politics:     https://apple.news/AZFq8I5OIRcCK0Vri1tY3Wg


    Here are five risks facing the US economy
    Fears of a brewing global recession were renewed this week as markets whipsawed over President Donald Trump's trade war with China as well as disappointing economic data from both Germany and China.

    Read in CNN Politics:     https://apple.news/A227pm1_tT0uYgFVTbaTo3w



    EMERGING MARKETS
    China ramps up Brazil soybean imports, rebuffing U.S. crops
    China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing.

    Read in My San Antonio:     https://apple.news/AoTSVX5AtSXG5jl_Z4Hhpzg


    Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
    Brazil's backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate.

    Read in Reuters:     https://apple.news/Ahy8IA14WRJCzStMZYn3JUg


    Why Argentine Stocks Continued to Rebound on Friday
    An important ally just weighed in on the Argentine presidential contest. Whoever might that be?

    Read in The Motley Fool:     https://apple.news/AftW97sloT9aABS293hnieg


    From tsunami to ripples: other emerging markets surf Argentina's latest shock
    Argentina's latest financial market shock has failed to swamp other emerging markets in the way its previous plunges have done - in part due to the increasing isolation of the country's credit and investments from the rest of the pool.

    Read in Reuters:     https://apple.news/AuVmNrlMxQm6QUn7fa8l44Q


    Argentina Has a Leadership Crisis and That’s a Problem for the Country’s Markets
    Alberto Fernandez is a strong favorite to win Argentina’s presidential election. His roots in the anti-market Peronist movement spurred an instant financial crisis: Stocks, bonds and currency all plunged more than 20% overnight.

    Read in Barron's:     https://apple.news/A7HUF_iHZQBuXiRJWKk0Ong


    MIDDLE EAST

    Iranian tanker to leave Gibraltar soon despite US pressure
    The shipping agent for an Iranian supertanker caught in a diplomatic standoff says the vessel is ready to depart Gibraltar in "24 to 48 hours," despite a last-minute effort by the United States to seize it again

    Read in ABC News:     https://apple.news/AvT3bWIeZQrqDp9Edxq1nhA


    ‘Iran Welcomes Continued Talks with Japan on Regional Issues’
    Iranian Foreign Minister Mohammad Javad Zarif says the country welcomes continued consultations with Tokyo on bilateral relations and regional issues.

    Read in IFP News:     https://apple.news/AOmFZ8UjEQFa5OXp4BWtbKw


    Yemeni Army Attacks Largest Saudi Oilfield with 10 Drones
    Iran is going to become fully self-sufficient in producing aircraft engines, Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said.

    Read in IFP News:     https://apple.news/A1PvnlEzeQmeQOJnJK3Sc1A


    Iraq's Interior Minister in Iran for Arba'een Coordination
    Iraqi Interior Minister has arrived in Tehran to discuss issues related to Arba'een, one of the world's largest religious gatherings annually held at the fortieth day after the martyrdom of third Shiite Imam, Hussein ibn Ali (AS).

    Read in IFP News:     https://apple.news/AZmOANQcdQo2KCu7e4TIfgg


    Today, the Kurds are spread across four nations. Who are they?
    The world’s largest stateless ethnic group finds itself in one of Earth’s most politically volatile regions.

    Read in National Geographic:     https://apple.news/AyuwlsR1_ThSKNwsH6h7lVA


    AFRICA


    US-China trade war hits Africa’s cobalt and copper mines with 4,400 jobs expected to vanish
    The US-China trade war is partly to blame for Anglo-Swiss mining giant Glencore’s move to shut a cobalt mine in the Democratic Republic of Congo and copper mining shafts in Zambia, with the probable loss of about 4,400 jobs, analysts say. Glencore, which…

    Read in South China Morning Post:     https://apple.news/ATd4HtADsScWDL8-kDMT3SQ


    Southern Africa: SADC Summit Roars Into Life
    TANZANIA writes yet another history as all eyes are on the country with all the 'number one citizens' of southern African nations gathering in Dar es Salaam for the 39th Southern African Development Community Summit (SADC) Summit. The newly commissioned state-of-the-art Julius Nyerere International Airport (JNIA) Terminal Three was a hive of activity yesterday as one leader after the other arrived, ready for the event that kicks off today at the JNICC. And, Tanzanian President John Magufuli

    Read in AllAfrica:     https://apple.news/AxA_qT5QOOtuN_OxM6_b-2Q


    Nigeria: Abuja Homeowners Lament Demolition of Houses Without Compensation After Fatal Flood
    The Director of Finance of the Federal Capital Territory High Court, Tony Okecheme, was swept away by a flood in August at Galadimawa Roundabout, Abuja. The incident made headline news, unlike a similar one involving a 17-year-old guard, Tuesday Bala, who died on June 2 as a result of flooding in the same neighbourhood. Mr Bala was on duty at House     8, 1st Avenue, Efab Estate, Lokogoma District, Abuja, when a flood dragged him away from his duty post. The owner of the 4-bedroom apartment,

    Read in AllAfrica:     https://apple.news/Arnvi5AJeOJCF-NB1hwXZcQ


    South Africa: Tobacco Wars - Hits, Threats and Secret Ops - Behind the Simon Rudland Attempted Hit
    Gold Leaf Tobacco Corporation's Simon Rudland, who survived an assassination attempt this week, says he "100%" believes one of his competitors was behind the attempted hit. When Rudland pulled his black Porsche Boxster into the driveway of the Fair Trade Independent Tobacco Association (FITA) offices in Oaklands, Johannesburg     on Wednesday morning, he was ambushed by a gunman who fired nine gunshots at him. The shooter and an accomplice had been waiting in a white VW Golf in a street adjacent to

    Read in AllAfrica:     https://apple.news/APClv_EeaO0imYsR6z7Ltuw


    Can Zimbabwe's president fix ailing economy?
    Emmerson Mnangagwa came to power in Zimbabwe with promises of change and reform. The rule of his predecessor, Robert Mugabe, had been marked by economic collapse and crackdowns on dissent. But nearly two years since Mnangagwa took charge, little has changed. The economy is still struggling, while rights groups say abuses are continuing and critical voices are being silenced. The main opposition party defied a government ban to hold protests on Friday, but these were violently broken up by the

    Read in Aljazeera:     https://apple.news/AnK5B2Mj_NIOw1bpB4RZcmw


    Violence escalates in Zimbabwe as court rules against opposition protests
    Tensions between Zimbabwe's main opposition party and President Emmerson Mnangagwa's government escalated into violence in the country's capital on Friday after a court ruled against a planned opposition protest.

    Read in CNN:     https://apple.news/A-q_Y9r_aSz-iGfbSrVb84Q



    ASIA


    Hong Kong is in India, Kashmir is in China. Right?
    Returning to Hong Kong this time held a special attraction. It may sound like an odd thing to say now, what with the eventual flight cancellations and the disruption, but before it all escalated, there was no denying the mild thrill of anticipation of…

    Read in South China Morning Post:     https://apple.news/A-dxQ0n4BRde5bPdx8FqUeg


    Vietnam demands Chinese ship leave disputed waters as end of fishing ban threatens to inflame tensions
    Vietnam repeated its demand that a Chinese survey ship and its escorts leave contested waters in the South China Sea as Beijing’s lifting of a ban on fishing in the area threatened to raise tensions further. The presence of Haiyang Dizhi 8 (which means…

    Read in South China Morning Post:     https://apple.news/A2HaEItqMQr-AEe5JXBMXIg


    Dealing with Hong Kong’s other serious ‘hot’ problem
    Amid the media’s blanket coverage of the protests this summer, a story that came and went quickly was that of our exceptionally warm July, which registered 0.7 degrees above the long-term norm. It followed a very hot June, which was 1.1 degrees above the…

    Read in South China Morning Post:     https://apple.news/A-jNgiQ09S8WOXEdchnX76A


    Singapore’s small firms hit by US-China trade war want help, but relief may take some time yet
    Singapore manufacturing company Aluputer Industrial is hurting from the ongoing trade war United States president Donald Trump is waging with China. “We are feeling the impact on materials we purchase from US suppliers,” said Monica Lim, its business…

    Read in South China Morning Post:     https://apple.news/AnvXhEGfKTnCptTWi__dm3w


    China may try to ‘play active role’ in defusing tensions between Japan and South Korea
    Beijing may seek to ease tensions between two US allies next week when Chinese Foreign Minister Wang Yi hosts his Japanese and South Korean counterparts for talks in Beijing, analysts say. Japanese Foreign Minister Taro Kono is expected to arrive in the…

    Read in South China Morning Post:     https://apple.news/A9ypKO_aYSh-8WsHXtd5MxA


    Former glory haunts Beijing’s last ghost market
    After dark, in a certain part of Beijing, ghosts appear. One of them is jade seller Wang Guishan, who sets off after nightfall to prepare his small stall in the city’s last surviving night market. Daliushu market is held every     Tuesday nightin an open…

    Read in South China Morning Post:     https://apple.news/AAWlFEFQbQUyzwcprYPI3eA

     

    EUROPE


    What a mysterious explosion tells us about Russia's 'doomsday weapon'
    An explosion. An abruptly-canceled evacuation. Five dead nuclear experts. And a few traces of radioactive iodine in Norway. These are the fingerprints of what appears to have been Russia's latest failed bid to test its so-called 'Skyfall' missile.

    Read in CNN:     https://apple.news/ApAlt_c0pRG-8CEN0NvDMJg


    Brexit: Voters firmly reject Boris Johnson’s plan to crash out of EU with no deal, poll finds
    The public decisively rejects Boris Johnson’s threat to crash the UK out of the EU without a deal, undermining his claim to have a mandate for the dramatic step, an exclusive poll for The Independent shows.
     
     
     
    Brexit countdown: The scramble to block Boris Johnson's no-deal plans
    Boris Johnson has ordered the U.K.'s civil service to make preparations for a no- deal Brexit its "top priority," a directive that comes the same week the government has reportedly drawn up plans to stop British diplomats from attending EU meetings.Read in The Independent:
     


    Conservative MP admits Commons cannot agree on plan to stop Boris Johnson forcing no-deal Brexit
    The cross-party alliance of MPs plotting to block a no-deal Brexit is struggling to agree on a plan to stop Boris Johnson carrying it out, a senior Tory has admitted.

    Read in The Independent:     https://apple.news/AzpFoikugRdKH-ELjCACEgw


    Senior UK Conservative lawmaker says he could not back Corbyn-led government
    A Conservative lawmaker at the center of efforts to block a no-deal Brexit said on Saturday he was pessimistic about his chances because he and other party colleagues could not support a caretaker government led by opposition leader Jeremy Corbyn.

    Read in Reuters:     https://apple.news/AlobqhyCuQnuyGbfvkXOfqw
    d
     
    CBI, ISX, Kauaihn Chatter:
     
    CBI Update:
     
     
    The CBI for Monday 8/19/19 did update on the indicative rates Sell Rate 1190
    The currency auctionis 174,522,630.
    There is one news and announcements.
    1. 19/8/2019 to 22/8/2019
    Prices of bullion and gold coins to be sold from Monday 19/8/2019 to 22.8.2019
    August 19, 2019
    ISX Update:
    Value Traded
    227,047,195
     
    Shares Traded
    362,397,234
     
    ISX ended in Green
     
    Kauaihn Chatter:dd
     
     
     
    8-18-2019   Intel Guru Frank26    ...every bank has an 800 number...for someone to tell you "I have an 800 number that is the only number that you can call to exchange your currency."  I don't know about that.  That's not true.  That's erroneous.  That's powerfully wrong.  It's dangerous to even say something like that in my opinion...I disagree strongly...I don't know anything about those numbers and I don't want anything to do with it.  Every bank has an 800 number...

    8-18-2019  Newshound/Intel Guru RVAlready   ...with MasterCard being international, there is reason to let this go. Especially as CBI is sponsoring MasterCard. If we do not start exchanging, MasterCard is going to get a lot of business.  Iraq is ready...we are still in the window...Road is about done!
     
     
    8-18-2019   Newshound Guru G-Lin   Article:  "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the Constitution"    I believe this is about the legality of Art. 140 and the court ruled that it will stand as written in the constitution. The question was about the expiration date of 12/31/2007 for implementation as stated in Art. 140 and the court said it would require a constitutional amendment to change or do away with Art. 140. I think this is a good thing for sure. And interesting timing. We know the profit sharing portion of HCL has already been addressed. As usual it seems to be all about the implementation with Iraq.   Art. 140 was good to go 12 years ago...
     
     
    8-18-2019   Newshound Guru chattels  Article quote:  "The summary of the above shows us that exceeding the constitutional deadlines is not intended to drop its articles because this requires an amendment in accordance with the mechanisms set forth in the Constitution itself, but to determine the responsibility of the body that is responsible for implementing them and if they exceed them are held accountable in accordance with the constitutional contexts of the concerned authorities "  Amendment of the Constitution is required if Article 140 was not to have force and effect prospectively or to be "dropped".  Thank your lucky stars that no amendment of the Constitution is necessary.  Amendment of the Constitution requires a super majority vote of the Parliament. The Iraqi Parliament cannot agree upon the time of day under such requirements.
     
    8-18-2019 Newshound/Intel Guru Dinar Investor - Jeff You're not going to see anything until...the second half of September... Remember last week they came into monies. They said they were adding 170 billion dinar to the '19 budget for reconstruction for Bagdad only and then also...the Kurds told them that they were going to release the Kuwait reconstruction money...to Bagdad. ...You have to look at accounting periods because this is the movement of a large amount of money. So the fact that they came into all this money in the middle of Q-3...that money is for Q-4...they have to walk into Q-4 with that money...Your target is Q-3 in this. This article is confirming we are looking really good. IMO.
     
     
    Elmer:
     
    Not in today
     
    Artmeister:
     
    Not in today
     
    Catnip:
     

    *************
    ARTICLE 1 (from PM Mahdi'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)
    1. “I feel grateful that I play a part in helping patients to recover and to go back to leading their lives” says prosthetics technician Saleh Mahoud. Let’s meet him in the next episode of #Dedicated ToService.
    1. Saleh Mahoud has a technically-demanding and people-focused job as a prosthetics technician responsible for the design, construction and the fitting of artificial limbs. Let’s meet him in today’s edition of #DedicatedToService.
    *************
    ARTICLE 3

    Saleh visits the Ministry of Defense and stresses that Iraq will not be a battleground for others
    2019/8/18 17:28
    [Baghdad-Where]

    President of the Republic Barham Saleh, on Sunday, visited the Ministry of Defense and was received by Defense Minister Najah al-Shammari and senior leaders and officers.

    An official reception was held during which the Republican peace was played, after which the President inspected the Guard of Honor, which represents all kinds of Iraqi army. 

    "There is a national consensus to support the military establishment because it is based on a secure future for Iraq and the Iraqis," the president said in a speech during his meeting with the defense minister, senior commanders and officers. "We are now in the process of completing the building of our institutions and our state, which we want a federal democracy based on the constitution."

    He added that "the army needs serious attention to strengthen and support all the possibilities available," noting that "Iraq is living today important transformations, and major challenges, the most important construction and reconstruction, based on the victories against terrorist gangs thanks to the sacrifices of fighters from the army, police, the Popular Mobilization and Peshmerga and sons Tribes, moving to job opportunities for unemployed youth and harnessing the country's resources to serve the Iraqis. "

    He stressed that "Iraq does not want to turn again into a battleground and a struggle of wills at the expense of the lives of Iraqis and their money, and this depends on the national historical institution of the Iraqi army, as a national army rising from politics protects the system and the Constitution and defends the homeland."

    The President pointed out that "the Iraqi national security policy, and the foreign policy of Iraq, which is unanimous in the three presidencies and political forces is to be Iraq first, and not to be accepted to turn it into a battleground for others."

    Saleh praised "the sacrifices made by the heroes of our security forces in the battles against the Islamic State terrorist organizations," stressing that "the war fought by the Iraqi army is not only in defense of the Iraqi people, but for all humanity."

    For his part, the Minister of Defense thanked the President for his visit to the ministry and his interest in supporting its members, stressing that the members of the armed forces renew the Covenant to remain loyal soldiers to defend Iraq.


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

    Hakim stresses the need for independence of political decision .. Reveals the work to question ministers and the formation of a shadow government
    2019/8/17 23:56
    [Baghdad-Where]

    The leader of the opposition National Wisdom Movement, Mr. Ammar al-Hakim, the need to preserve the sovereignty of Iraq and the independence of its political decision, while revealing the work to question ministers who are weak or corrupt.

    This came during a meeting with Mr. Ammar al-Hakim, in his office in Baghdad on Saturday, a gathering of elites and professional and community competencies in the Office of Baghdad.

    A statement by his office, received by the All-Iraq News Agency [where] a copy of it, that "Mr. Ammar al-Hakim stressed during the meeting a number of important points in order for the government to fulfill its responsibilities, the most important of which was the need to preserve the sovereignty of Iraq and the independence of its political decision, and to find a positive relationship between the components Between government and local governments and between local governments themselves. "

    Serious steps must be taken to provide services through initiating strategic service projects, providing a vision to strengthen the economy by supporting the private sector, creating job opportunities, providing facilities for investors and capital, in addition to developing the security and intelligence system and intensifying campaigns to put pressure on terrorist sleeper cells, '' Ammar al-Hakim said.

    He pointed out that "serious action to combat corruption from national scruples away from utilitarianism and the phenomenon of selling positions, and dealing with corruption as it is dealing with terrorism," noting that "the opposition national wisdom movement is currently working to provide legal cover for the opposition by interpreting the articles of the Constitution and ensure the rights of the opposition In the law of the House of Representatives and its bylaws. "

    The leader of the opposition national government movement to "continue to seek the formation of the opposition front and the shadow government by experts in every detail and competence, and work to question ministers who are weak or corrupt or unsupervised history," warning of "continuing the equation irresponsibility," calling for "the importance Clarity of the team responsible for the government so that the public can reward or punish it. "

    Mr. Ammar al-Hakim concluded that "the presence of the opposition highlighted the government achievement report and that these reports were going unnoticed.

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

    Six Iraqi provinces decide to suspend official working hours next Tuesday

    2019/8/18 18:25
    [Baghdad-Where]

    Six Iraqi provinces have decided to disable official working hours next Tuesday, on the occasion of Eid al-Ghadeer, corresponding to August 20 this year.
    The Wasit Provincial Council today decided to suspend official working hours next Tuesday on the occasion of Eid al-Ghadeer. 
    The deputy chairman of the provincial council of Maysan, earlier on Saturday, the suspension of official working next Tuesday on the occasion of Eid al-Ghadeer, and the provincial council of Diwaniya also suspended the official work next Tuesday for the same reason. 
    The Dhi Qar Council also ordered the suspension of official working hours on Tuesday on the occasion of Eid al-Ghadeer.
    Posted by at
    Labels: , , , , , , , , , , , , , , , , ,

    No comments:

    Post a Comment

    Subscribe to: Post Comments (Atom)