| Saturday 9/7/19 WOTS
Saturday 9/7/19 Wots
Forex Rates:
CNBC Link:
CNBC Morning Squawk Link:
No link yet
Revealing a study to delete zeros from the Iraqi currency .. The reason?
link will go to english
/ .. The parliamentary Finance Committee, a study to delete zeros from the national currency, but they ruled out the application at the moment for several reasons.
"The proposal to delete the zeros has been submitted from the House of Representatives to the Parliamentary Finance Committee in order to study the change of the national currency and all categories and the printing of new coins, but the preliminary study showed that the costs needed by the project is great," the committee's rapporteur Ahmed al-Saffar told reporters.
He added that "the budget deficit for this year and Iraq's debt is one of the most important reasons that will lead to delay the deletion of zeros (three zeros)," noting that "the Finance Committee has assigned specialized bodies of monetary policy to study the project carefully to submit to the Finance Committee to be the main lines of this project, which Its beginnings go back years. "
Al-Saffar pointed out that "deleting the zeros is a project that has more psychological effects than actual ones.
DC NY Iraq Articles:dd
Kurdistan grants its employees a holiday on the tenth of Muharram
07-09-2019 12:29 AM
Orbit Agency -
BaghdadThe Kurdistan Regional Government (KRG) announced on Friday the suspension of official working hours for one day next week. The government said in a statement received 'orbit', it 'decided to disable official working in all departments and government institutions, for next Monday 9/9/2019'. She added, 'The holiday on the occasion of the tenth of Muharram'. Between Kuwait and Iraq: the solution to the separation wall?
Saturday 7 September 2019
With the approach of the Kuwaiti giant Mubarak Port near completion and inauguration, with the meaning of cutting the Iraqi waterway in Khor Abdullah or seriously restricting it, and with the establishment of Kuwait a new marine platform in the area of Fisht Al-Aij in the middle of that creek. Faw al-Kabir port »On the Iraqi side due to administrative corruption and the complicity of successive Iraqi administrations, and the arrival of the comprehensive maritime blockade on Iraq as a point of no return, Baghdad has taken a far too late review movement to raise the threshold by submitting a formal complaint to the Security Council in a semi-secret manner. While the Iraqi political and media circles were silent on this development for reasons that are not beyond the circle of corruption and collusion, Iraqis learned about it from the Kuwaiti newspapers, which initiated a media campaign after the complaint. The former Minister of Transport, Amer Abdul Jabbar, revealed that «Fish Alaj» is not a discharge platform as it was said, but an artificial island erected after the burial of water in the middle of the creek, and Kuwait wants to consider the final point of its border with Iraq, so as to cut the waterway from the latter and isolate it from its coast Regional Marine.
However, the Iraqi complaint will not work in practice to solve the problems inherited between the two countries. It was the Security Council itself that allowed Kuwait - with its unfair resolutions - to strangle Iraq freely, granting it the deep half of the Khor Abdullah Canal, while leaving the shallow and unbreakable eastern half of Iraq. It is also the same council that gave Kuwait half of Iraq's Umm Qasr and another area containing Iraqi oil wells. How can a Security Council controlled by the United States, Britain and France do justice to Iraq and respond to its complaints fairly and impartially? The real problem did not begin with the new Fishgate platform, but rather to the set of UN resolutions. A radical and just solution to this problem is not a single complaint such as that presented by Adel Abdul Mahdi's government, but in proposing a real and balanced solution that restores matters and Iraqi rights to their owners, and ensures security and stability for Kuwait, and this can only be built by building a wall on the border without delay. Like the wall, Saudi Arabia has built parts of it on its border with Iraq.
The idea of building a separation wall is originally of Kuwaiti origin. It was demanded by Kuwaiti politicians hostile to what they call the "Black North", ie Iraq. This demand was reiterated a few days ago by Kuwaiti politician and media figure Ayed Al-Manna in response to the Iraqi complaint. Building a separation wall is in the interest of Iraq first, and saves it from the naval blockade. How come? Kuwait has spent a huge amount of $ 2.5 billion on Mubarak Al-Kabeer port, even though it does not need it at all, it has its other ports. If we know that this port has no future except by linking rail to railway with the Iraqi dry canal, and that Iraq lifted the official reservation on the rail link with Kuwait in the time of former Minister of Transport Hadi al-Amiri, and that the Kuwaiti port will cut the sea lane on Iraq, “The Iraqi is hampered by the Iraqi corruption departments and ministries. The only temporary solution is to build a huge barrier along the border, four meters wide and seven meters high, that will forever end the damaging impact of Mubarak Port. This is something that Kuwaitis are aware of, as expressed by former Kuwaiti MP Walid Tabatabai, who saw that Mubarak had no future and should be moved elsewhere. The motive of the emir's recent visit to Iraq may be to avoid an Iraqi decision to reject a final rail link with the Kuwaiti port. The solution of the border wall opens the door wide to the completion of the construction of «FAO» and link it to the Iraqi dry railway, and the implementation of the island's rocky scheme, which will double the scope of the Iraqi sea view twice and more, thus leaving Baghdad from the dependence and the current naval blockade. The construction of the wall must begin immediately to pressure Kuwait to halt its excesses and blockade of the sea, and then to review all unfair decisions against Iraq after the invasion of the emirate in 1990, which states that it is possible to amend at the request of the two countries and their agreement. Accordingly, we are faced with two scenarios today: the first scenario is that Washington moves to pressure Kuwait to concede a little about Khor Abdullah, and has asked it to lift the Fish of Al-Ayaj in return for granting it permanent rail link with Iraq, and the latter retracts the complaint, and this is not a solution. Because Kuwait is continuing its naval blockade. It would also be a victory for Kuwait and the United States in every sense of the word, because linking «Mubarak» with the Iraqi dry railway means a final burial and destruction of the «FAO», which will be automatically replaced by «Mubarak», and then disappear the Iraqi maritime view! The second scenario is the one we proposed, which is to begin immediately the construction of the separation wall as a means of pressuring Kuwait. As for the large Iraqi port project on the rocky island, it is based on the idea of building a rocky island in the Iraqi part of the waters of the Arabian Gulf, which will contain a city of 350 square kilometers, extending inside the sea by about 250 square kilometers. The cost of the rocky island, the port, and the commercial and tourist city near it is a maximum of $ 8 billion, and the port will be able to pay it all in about six years, at about $ 2 billion a year. Why did some of them think of putting this project on foreign investment and the Iraqi state with its enormous resources capable of implementing it? Why insist on refusing to think of the island's rocky port? Why is not the development of the existing and threatened project in the port «Mubarak» and the integration of the project rocky island to reach the complete liberation of Iraq from the naval blockade and strangulation by neighboring countries?Why is Iraq not looking to support neighboring countries interested in the dry canal of Iraq, such as Syria, Jordan and Turkey? The rocky Al Jazeera project will not be affected by Mubarak, which is the only practical solution since Kuwait and Iran are unable to strangle it. By implementing Iraq, it exercises sovereignty over its territorial waters and waters. It seems to me that there are three important reasons, among other reasons, for rejecting or neglecting the large FAO project: 1. Rejected the project by the United States, Britain, Kuwait, Iran and the Gulf States, because these countries do not want to rise a strong and prosperous Iraq, but want to keep it weak and troubled, threatened by sectarian and national rupture and separatist insurgencies and regionalization! 2 - Corruption of the regime in Iraq and the involvement of senior officials in Kuwait bribes to strangle the Iraqi port and the abdication of Khor Abdullah, has occurred several scandals in this field involving ministers and publicly discussed in the House of Representatives. 3 - fierce competition between the parties, blocs and religious political families that dominate the government and the desire of each of them in the lowest share. The alternative that we propose in the second scenario would be to restore matters, which is a sovereign and legitimate right for Iraq. If the leadership of the emirate of Kuwait complies with the logic of truth and justice, and moves its port to another place as suggested by MP Tabatabaei, and returns the Iraqi land and water deducted according to a new demarcation of the border, good to do, otherwise the right holder, the Iraqi people, can only defend himself and the future of his generations. . But we know that such a defense cannot be successfully managed and accomplished by corrupt sectarian rulers and foreigners. Therefore, it remains subject to the near future of Iraq! Iraq .. "air power" of the crowd and Sadr threatens
The leader of the Sadrist movement in Iraq, Muqtada al-Sadr, has threatened to acquittal from the government if it does not take tough action on a document circulated by the media attributed to the Deputy Chairman of the Popular Mobilization Council
Calling for the formation of a crowd air force in the wake of unknown bombings in which Israel was blamed.
Sadr considered that this is a declaration of the end of the Iraqi government, and a transition from a state controlled by law to the state of riots, while the Office of the President of the Popular Mobilization Faleh Fayyad denied the validity of the news circulating and that no decision to form an air force
Date posted: 07/09/2019
The leader of the Sadrist movement, Muqtada al-Sadr, that what is happening in Iraq is the end of the government, and threatened to declare innocence of them in the absence of strict measures.
"Farewell, Mawtani, this is a declaration of the end of the Iraqi government," Sadr said in a tweet on his official Twitter account. He added that «this is a shift from a state controlled by law to a riot», pointing out that «if the government does not take strict measures, I declare my innocence». Sadr's speech came after local Iraqi media reported on Thursday that the Popular Mobilization militias intend to form an air force after several bombings targeting their arms stores accused Israel of being behind them. Sadr later appeared yesterday in a service parade in the Iranian city of Qom on a surprise visit. "Sadr is now in the Iranian city of Qom," Sadr's media office said in a brief statement.
The document was published Thursday attributed to the Deputy Chairman of the Popular Mobilization Commission, Abu Mahdi al-Mohandes, requesting the formation of «Directorate of the Air Force belonging to the crowd, run by Acting Salah Mahdi Hantoush». According to the document, «according to the Diwaniya Order No. (79) of 2014 and reported to us in the letter of the Prime Minister's Office, and the powers vested in us, and the requirements of public interest attributed the formation of the Air Force Directorate». On the other hand, the media office of the head of the Popular Mobilization Commission in Iraq, Faleh al-Fayyad, denied the book of the vice president, Abu Mahdi al-Mohandes, on the formation of an air force in the "crowd." According to the text of the statement published by the Office of Fayad: «denied an authorized source in the« Popular Mobilization Commission », on Thursday, the validity of a decision to form a leadership of the Air Force to the Popular Mobilization». The source added that «there is no truth to what circulated some media to issue a decision to form a leadership of the Air Force to the Popular Mobilization».
It is noteworthy that since the decision to make the Iranian-backed Popular Mobilization militias "official body", observers fear that this last stage to turn the "crowd" to a model of the Iranian Revolutionary Guards, and convert its leaders to officers formally like Iraqi army officers while maintaining The Hashd is an independent entity. The Hashd were formed from militias while fighting the Islamic State (IS), which controlled large swaths of Iraq and Syria, before the Hashd militias recently acquired official status.
The most prominent militias under the banner of the Hashd, deployed in several parts of Iraq, the Badr Organization, the Brigades of Hezbollah, and Asaib Ahl al-Haq, a total of up to 140 thousand.
- See more at: http://translate.
Date posted: 07/09/2019
In Iraq «electronic armies» and death threats against the backdrop of Iranian-American tensions
Saturday 07, 2019-1:00
BAGHDAD (Reuters) - Iraqi activists, journalists and bloggers face a campaign of accusations and threats through anonymous Internet accounts and suspected links to Iranian-backed factions in a politically divided country on the back of Iranian-US tensions in the region.
Political parties, armed factions and officials in Iraq have been benefiting from so-called "electronic armies" for years for propaganda purposes or, on the contrary, ridicule and attack critics.
But these online rivalries have increased in recent months as tensions between the United States and Iran, supporters of the Iraqi government, escalate and sometimes turn into death threats. There has been no actual attack so far.
Since mid-July, five weapons stores and camps belonging to the Iranian-backed Popular Mobilization Forces have been bombed or raided. The PMF blamed Israel and the United States for the attacks and blamed "agents" who contributed to the attacks.
The accusation opened the way for an online campaign against a wide range of Iraqi citizens accused of collaborating with Israel and the United States. The pages, whose owners do not know the list of names and pictures of bloggers and a book that read: "Some of these bloggers do not know the real objectives of the project of creating a collective Iraqi awareness of normalization with Israel, and they worked for money only."
A number of prominent journalists were included in the list, including journalist Omar al-Shaher, researcher and writer Hisham al-Hashimi, journalist and writer Ali Wajih, cartoonist Ahmed Falah, presenter Jumana Mumtaz, prominent blogger Shuja'a Fares, journalist Reda al-Shammari, and activists Steven Nabil and Saqr Al Zakaria. And Hussein Ali, and Omar Mohammed.
Following the escalation, blogger Ali Wajih sent a letter to Prime Minister Adel Abdul Mahdi, head of the Popular Mobilization Commission Faleh al-Fayyad and his deputy Abu Mahdi al-Mohandes asking for support. "For years, we, a group of media and bloggers, have been incited to kill us from bloggers and pages that indicate that they are close to or affiliated with the commission," he said.
He added, "Please indicate whether there is a directive to incite our blood, and accuse a group of national media on ridiculous and empty charges. ».
Iraq has fallen in recent months under the influence of escalating war of words between the United States and Iran.
Last week, political figures criticized the Washington-funded Al-Hurra for a documentary about corruption in Iraq's Shiite and Sunni religious institutions. As a result, the Iraqi Media and Communications Commission suspended the license of Al-Hurra TV for three months and demanded an official apology.
"Local interests and entrenched rivalries have been integrated into the ongoing tensions between the axis of resistance led by Iran on the one hand and the United States, Israel and its allies in the region," said Fanar Haddad, an Iraq expert at the National University of Singapore.
"When your name is linked to the Israeli camp, you are in greater danger than ever before," said writer and blogger Omar al-Shaher, who has previously been threatened by jihadist groups.
"The message is clear: if you oppose us, you will be killed," said historian Omar Mohammed, who documented the atrocities in Mosul under the Islamic State (IS). "Murder is easy in Iraq."
He adds in a call to Agence France-Presse from outside Iraq that he doubted that the new charges came «as a result of recent Israeli air strikes and US-Iranian tensions», pointing out that «institutional and professional. "There seems to be a team that specializes in dehumanizing us."
The Journalistic Freedoms Observatory, an independent media rights advocacy organization, expressed concern that such incitement could lead to real violence. He said in a statement that «unidentified incitement to kill Iraqi journalists and prominent writers, and charged them charges that are not based on reality, and publish their photos and information about them accusing them of working for Israel».
He added: «The phenomenon of electronic armies reached dangerous levels», noting that «issued threats, including incitement to violence and hatred».
The statement criticized "the continued silence of the authorities so far, including the judiciary, in the clear abandonment of their responsibilities when it comes to cybercrime."
Sadr looms to withdraw and disown the Iraqi government
07/09/2019
The leader of the Sadrist movement, Muqtada al-Sadr, that what is happening in Iraq is the end of the government, and threatened to declare innocence of them in the absence of strict measures.
"Farewell, Mawtani, this is a declaration of the end of the Iraqi government," Sadr said in a tweet on his official Twitter account. He added that «this is a shift from a state controlled by law to a riot», pointing out that «if the government does not take strict measures, I declare my innocence». Sadr's speech came after local Iraqi media reported on Thursday that the Popular Mobilization militias intend to form an air force after several bombings targeting their arms stores accused Israel of being behind them. Sadr later appeared yesterday in a service parade in the Iranian city of Qom on a surprise visit. "Sadr is now in the Iranian city of Qom," Sadr's media office said in a brief statement.
The document was published Thursday attributed to the Deputy Chairman of the Popular Mobilization Commission, Abu Mahdi al-Mohandes, requesting the formation of «Directorate of the Air Force belonging to the crowd, run by Acting Salah Mahdi Hantoush». According to the document, «according to the Diwaniya Order No. (79) of 2014 and reported to us in the letter of the Prime Minister's Office, and the powers vested in us, and the requirements of public interest attributed the formation of the Air Force Directorate». On the other hand, the media office of the head of the Popular Mobilization Commission in Iraq, Faleh al-Fayyad, denied the book of the vice president, Abu Mahdi al-Mohandes, on the formation of an air force in the "crowd." According to the text of the statement published by the Office of Fayad: «denied an authorized source in the« Popular Mobilization Commission », on Thursday, the validity of a decision to form a leadership of the Air Force to the Popular Mobilization». The source added that «there is no truth to what circulated some media to issue a decision to form a leadership of the Air Force to the Popular Mobilization».
It is noteworthy that since the decision to make the Iranian-backed Popular Mobilization militias "official body", observers fear that this last stage to turn the "crowd" to a model of the Iranian Revolutionary Guards, and convert its leaders to officers formally like Iraqi army officers while maintaining The Hashd is an independent entity. The Hashd were formed from militias while fighting the Islamic State (IS), which controlled large swaths of Iraq and Syria, before the Hashd militias recently acquired official status.
The most prominent militias under the banner of the Hashd, deployed in several parts of Iraq, the Badr Organization, the Brigades of Hezbollah, and Asaib Ahl al-Haq, a total of up to 140 thousand.
Kauaihn Iraq Articles:dd
Iranian-sponsored "electronic armies" threaten the security of Iraqis
History:
Iraqi activists, journalists and bloggers face a campaign of accusations and threats through anonymous Internet accounts and suspected links to Iranian-backed factions.
While armed parties, factions, and officials have been benefiting from so-called “electronic armies” for years for propaganda purposes or, on the contrary, ridiculing and attacking their critics, these online rivalries have increased in recent months on the back of escalating tensions between the United States and Iran, supporting the Iraqi government, and sometimes even turning them. For what is like death threats, no actual attack has been recorded so far.
Five weapons depots and camps belonging to the Iranian-backed Popular Mobilization Forces have been bombed or raided since mid-July. The accusation opened the way for an online campaign against a wide range of Iraqis accused of collaborating with Israel and the United States.
The pages, which do not know the owners, published a list of names and pictures of bloggers and a book that read: «Some of these bloggers do not know the real objectives of the project of creating a collective Iraqi awareness of normalization with Israel, and they worked for money only».
A number of prominent journalists were included in the list, including journalist Omar al-Shaher, researcher and writer Hisham al-Hashemi, journalist and writer Ali Wajih, cartoonist Ahmed Falah, presenter Jumana Mumtaz, prominent blogger Shujaa Fares, journalist Reza al-Shammari, and activists Stephen Nabil and Saqr Al Zakaria. And Hussein Ali, and Omar Mohammed.
appeal
Following the escalation, blogger Ali Wajih sent a message to Prime Minister Adel Abdul Mahdi, the head of the Popular Mobilization Commission, Faleh al-Fayyad, and his deputy, Abu Mahdi al-Mohandes, asking them for support.
He said: «For years, we are a group of media and bloggers have been incited to kill us from bloggers and pages that indicate that it is close to or affiliated with the Commission, please indicate whether there is a directive to incite our blood, and the accusation of a group of national media on charges of ridiculous and empty first Normalization with Israel, or employment, and we expect you to indicate clearly, whether these pages and personalities belong to you ».
After political figures criticized the Washington-funded Al-Hurra channel for a documentary about corruption in Iraq's religious institutions, the Iraqi Media and Communications Commission suspended the channel's three-month license and demanded an official apology.
Threats
"Local interests and entrenched rivalries have been integrated into the ongoing tensions between the Iranian axis on the one hand and the United States, Israel and its allies in the region," said Fanar Haddad, an Iraq expert at the National University of Singapore. Writer and blogger Omar al-Shaher, who had previously been threatened by extremist organizations, says:
"When your name is linked to the Israeli camp, you are in greater danger than ever." The historian Omar Mohammed, who documented the atrocities in Mosul under ISIS, says the message is clear if you oppose us, you will be killed, adding: "Murder is easy in Iraq."
Worry
The Journalistic Freedoms Observatory expressed concern that such incitement could lead to real violence. He explained that unidentified parties incite to kill Iraqi journalists and prominent writers, and charged them with unrealistic charges, and publish their photos and information about them, accusing them of working for Israel. He added that the phenomenon of electronic armies reached dangerous levels, pointing out that they issued threats, including incitement to violence and hatred. The statement criticized the continued silence of the authorities so far, including the judiciary, in the clear abandonment of their responsibilities when it comes to cybercrime.
Ashour told (Tigris): Sadr's tweet is the result of slow government performance
07-09-2019 12:26 AM
Political analyst Hani Ashour, on Friday, that Prime Minister Adel Abdul Mahdi could not within a year of cultivating hope among citizens.
Ashour said in his interview to (Tigris) that the leader of the Sadrist movement Muqtada al-Sadr stressed that there are no solutions to the basic dilemmas in Iraq, indicating that his twitter result from the slow government performance.
Ashour pointed out that the government is unable to find a minister of education, stressing the presence of great frustration among the citizens of the performance of the government.
The governor of Basra prohibits the sale of bids for sale within the projects covered by infrastructure
07/09/2019 12:32 AM | Read
Al-Ahd News - Basra
The Governor of Basra, Eng. Asaad Abdul Amir Al-Eidani, directed the municipal and municipal departments in Basra province not to display any piece of land Infrastructure works.
Al-Eidani said in a press statement issued by his media office that he had received "Al-Ahd News" that he directed the municipalities and municipalities in Basra not to offer any piece of land (Arsa) within the projects included in the work of delivering the infrastructure and included in the plans of the province for investment or Musataha only after submitting the subject to the government. Local.
He pointed out that "the governor of Basra that he will take legal action against those who do not comply in the municipality and municipalities procedures and communications related to the subject. 6
Al-Eidani prohibits the sale of bids for sale within infrastructure projects
Local 12:17 - 07/09/2019
BAGHDAD - Mawazine News
The Governor of Basra, Eng. Asaad Abdul Amir Al-Eidani, directed the municipal and municipal departments in the province of Basra not to display any piece of land (Arsa) within the projects covered by infrastructure works. Al-Eidani said in a press statement issued by his private media office that he directed the municipalities and municipalities in Basra not to offer any piece of land (Arsah) within the projects included in the work of delivering infrastructure and included in the province's plans for investment or landscaping only after the subject to the local government. He pointed out that "the governor of Basra that he will take legal action against those who do not comply in the municipality and municipalities procedures and communications related to the subject.
Wasit gets approval to maximize local revenue by opening a local resources account
Local 12:11 - 07/09/2019
BAGHDAD - Mawazine News
Wasit province has obtained approval to maximize local revenues and transfer them to a local budget within the fund to support the province. The announcement was made by Wasit Governor Mohammed Jamil Al-Mayahi in the presence of Wasit Provincial Council Chairman Mazen Al-Zamili, Provincial Council Member Mr. Wasfi Al-Badri and Assistant Governor for Technical Affairs Rehman Yusr Al-Mayahi said that Wasit province got a great achievement today by opening the local resources account, which will take upon itself the preparation of a special local budget for the province of Wasit Al-Mayahi added that all revenues of the disengagement sectors, including health, agriculture, municipal education, water and sewage, will be transferred to the governorate budget and allocate the revenues of each sector to its own needs, for example, the education sector represented by fees, taxes and other revenues will be spent to build and renovate schools and provide school supplies and others. He also pointed out that the other departments will also spend their revenues for the projects and announced work and other allocations to the staff of Wasit support contracts and other for the social and humanitarian side and the special needs and special treatment for heroes of the crowd and the army. He explained that this budget was approved in accordance with the law in cooperation with the provincial council and after the development of a special study includes laws and legislative doors submitted to the House of Representatives and then ratified according to the manuscripts and control.
Iraq welcomes the formation of the transitional government in Sudan
07-09-2019 12:10 AM
Baghdad / News
Iraq welcomed the formation of the transitional government in Sudan headed by Abdullah Hamdouk, describing this step as a "historic achievement." Foreign Ministry Spokesperson Ahmed Al-Sahaf said in a statement that Al-Akhbariya received a copy of it, expressing feelings of euphoria, and satisfaction with this important historical achievement which indicates a great progress in the Sudanese political scene. Stability in the country, the advancement of the economy, and the drive towards achieving the desired development goal. " He added that "Iraq on this occasion confirms its serious and sincere stand with the transitional government, and its full openness to deal with it as a legitimate representative authority of the State of Sudan, through which the bridges of coordination, and bilateral cooperation between Baghdad and Khartoum to meet the interests of both peoples."
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
10 Things to Know for Today Among 10 Things to Know: Residents of North Carolina's Outer Banks brace for Hurricane Dorian; Aid effort picks up momentum as storm-weary Bahamians seek way out; Robert Mugabe, longtime Zimbabwe leader, dies at 95 Read in ABC News: https://apple.news/
Good Morning from CNN
Wayne T. Essex Essex and Associates Inc.
The staggering costs of long-term care can wreak havoc on retirement saving for you and your parents.
According to the U.S. Department of Health and Human Services, about 27% of Americans turning 65 this year will incur at least $100,000 in long-term-care costs, while 15% will require care costing more than $250,000. That's a hard pill for most seniors to swallow.
But if you require long-term care, you may be able to deduct a portion of the costs on your tax return. If you purchased a long-term-care insurance policy to cover the costs, you may be able to deduct a portion of your premium payments, too. Since retirement planning includes long-term care, it's important to understand how these tax deductions can help offset overall costs.
Long-term-care costs. You can deduct unreimbursed costs for long-term care as a medical expense if certain requirements are met. This includes eligible expenses for in-home, assisted living and nursing-home services.
First, the long-term care must be medically necessary. It may include preventive, therapeutic, treating, rehabilitative, personal care or other services. The cost of meals and lodging at an assisted-living facility or nursing home is included if the main reason for being there is to get qualified medical care.
The care must also be for a chronically ill person and provided under a care plan prescribed by a licensed health care practitioner. A person is "chronically ill" if he or she can't perform at least two activities of daily living-such as eating, bathing or dressing-without help for at least 90 days. This condition must be certified in writing within the last year. Anyone with a severe cognitive impairment, such as dementia, is also considered chronically ill if supervision is needed to protect his or her health and safety.
To claim the deduction, you must itemize deductions on your tax return, which fewer people do since the standard deduction was nearly doubled by the 2017 tax reform law. Plus, itemized deductions for medical expenses are only allowed to the extent they exceed 10% of your adjusted gross income in 2019.
An adult child can claim a medical expense deduction on his own tax return for the cost of a parent's care if he can claim the parent as a dependent.
I hope you never need long term care, but if you do, these expenses can minimize your taxes.
OIL/COMMODITIES/ENERGY
Gold Will Remain A Top-Performing Hedge China's latest tariffs keep gold's immediate uptrend intact.The slowing U.S. manufacturing sector also supports gold's fear trade.Continued anxieties will boost gold price through the end of 2019. Read in Seeking Alpha: https://apple.news/Ay78T9d- PRECIOUS-Gold slips as China-U.S. trade talk hopes whet risk appetite * Gold slips after three straight sessions of gains Read in Reuters: https://apple.news/AcJf- Most of gold's recent price movements can be traced to 'financial investment': Polymetal Vitaly Nesis of mining firm Polymetal says the recent rally in gold prices has mostly been driven by factors such as "speculative inflows" into exchange traded funds. Read in CNBC: https://apple.news/A_ U.S. oil edges up as investors weigh rise in supplies and Sino-American trade progress U.S. oil futures trade slightly higher on Thursday, even as a late-Wednesday inventory report show that domestic supplies were growing. Read in MarketWatch: https://apple.news/ Oil Jumps Again on Strong U.S. Draws, News of Trade Talks Resuming Commodities Sep 05, 2019 17:10 GMT By Barani Krishnan Investing.com - The API set a bear trap, and at least some walked through it. The industry group forecast a weekly U.S. crude build for end-August, while the EIA, the government agency responsible for the data, reported a whopping draw to the dismay of oil bears. New York-traded West Texas Intermediate crude was up 92 cents, or 1.6%, at $57.18 per barrel by 1:00 PM ET (17:00 GMT), after the Energy Information Administration said crude Read in Investing.com: https://apple.news/Axkn89b8_ Fast And Furious Silver Prices Prepare To Rocket To New All-Time Highs In just two months, the tide has turned dramatically as silver prices are now accelerating at a much faster pace than gold prices, although gold is progressing with great gusto.This chart clearly shows that silver has accelerated throughout the summer months from a price of $14.40/Oz in June 2019 to $19.24/Oz as of 4th September 2019.The gold/silver ratio peaked at 95 and is now falling fast as silver prices accelerate faster than gold prices.This bull market will be shorter than most expect Read in Seeking Alpha: https://apple.news/ Fast And Furious Silver Prices Prepare To Rocket To New All-Time Highs In just two months, the tide has turned dramatically as silver prices are now accelerating at a much faster pace than gold prices, although gold is progressing with great gusto.This chart clearly shows that silver has accelerated throughout the summer months from a price of $14.40/Oz in June 2019 to $19.24/Oz as of 4th September 2019.The gold/silver ratio peaked at 95 and is now falling fast as silver prices accelerate faster than gold prices.This bull market will be shorter than most expect Read in Seeking Alpha: https://apple.news/ Copper Confirmed Copper prices behave more deliberately than perhaps prices in other commodity markets.The PMI together with where IP has been signals that China isn't turning around anytime soon.It's easy to blame trade wars for the deterioration, and export orders continue to decline, but it is as much internal as external weakness. Read in Seeking Alpha: https://apple.news/AxPs-
BANKS/BANKING/CREDIT
Your credit score isn’t the only number that matters for financial health
Your credit score is a bellwether of your financial habits, but it's not the only one. Read in USA TODAY: https://apple.news/
Retail credit cards are squeezing the financially vulnerable as their delinquency rate rises — how to avoid this mistakeRetailers push store cards with deep discounts, but low-credit-score shoppers fail to pay balances.
Read in MarketWatch: ttps://apple.news/ASDaXolJ_
This big bank expects stocks to drop through the end of the year—here’s whyIt’s not a law that big banks have to be bullish, even though they usually find a way to look on the bright side of life.
Read in MarketWatch: https://apple.news/ The Economic Future Of A Negative Interest Rate World Globally, rates are too negative, and expectations are that rates will either become more negative or remain at current levels. If an inverted yield curve is the harbinger of recession, there may be trouble ahead.Apart from a reduction in central bank profitability, all may remain, ominously, well until inflation creeps back to life and interest rates start to rise.The effect that an artificially low interest rate has on an economy is pernicious. Asset markets are supported, and it raises the Read in Seeking Alpha: https://apple.news/ Why Central Banks Are Running Out Of Ammo Inflation is falling persistently short of central bank targets, even in economies operating beyond full employment - notably, the U.S.It is even more unusual to see a drop in inflation expectations in the late-cycle stage when concerns would typically focus on overheating.If policy rates are near their effective lower bound and the scope for longer-term rates to fall is limited, monetary policy cannot provide much more stimulus through this channel - a liquidity trap situation. Read in Seeking Alpha: https://apple.news/
TREASURIES/BONDS/STOCKS
Top 5 Things to Know in the Market on Friday
Investing.com -- It's jobs day in the U.S. and the Bureau of Labor Statistics is set to tell us how the labor market held up under the strain of increased trade tensions with...
30-year Treasury yield pops above 2% after U.S.-China officials pencil in October for new trade talksTreasury yields rose on Thursday after the U.S. and China agreed to meet in October to renew trade talks, easing investors’ appetite for haven assets like government paper. Read in MarketWatch: https://apple.news/ Wall Street Breakfast: Rally Continues As Trade Talks SetListen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links). Markets spent all of August fishing for an upward catalyst and it looks like they finally caught a big one. Stocks are continuing a rally that builds on yesterday's gains as the U.S. and China announced they would hold talks in October in Washington. Deputy-level officials will work together in mid-September to lay the groundwork Read in Seeking Alpha: https://apple.news/ Day Ahead: Top 3 Things to WatchStock Markets Sep 05, 2019 19:41 GMT Investing.com – Here’s a preview of the top three things that could rock markets tomorrow. 1 It's Jobs Friday! The U.S. economy is anticipated to have produced slightly fewer jobs in August from the previous month. The Labor Department will release its latest jobs figures at 8:30 AM ET (12:30 GMT). Economists expect that nonfarm payrolls rose by 160,000 last month, according to forecasts compiled by Investing.com. That would be down from the 164,000 rise seen Read in Investing.com: https://apple.news/
CRYPTO / DIGITAL CURRENCIES
IMF Chief Christine Lagarde Encourages Open Cryptocurrency RegulationEuropean Central Bank (ECB) president candidate and International Monetary Fund (IMF) chief Christine Lagarde stated on Sept. 4 that central banks and financial supervisors should protect consumers but also be open to innovation such as cryptocurrencies. Changes are opportunities During her opening statement, shared with Cointelegraph in an IMF press release, Lagarde told the Economic and Monetary Affairs Committee of the European Parliament that central banks and financial regulators should be Read in Cointelegraph: https://apple.news/AqPO5- Foundation Uses Blockchain and Crypto to Help Save the Brazilian AmazonRainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech. Deforestation and fires in the Brazilian Amazon On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states: “Since Bolsonaro took office in January, Read in Cointelegraph: https://apple.news/A- No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager“When Alt Season 2?” has been on the minds of many investors for some time now. The average retail Joe Schmoe investor most likely draws some insight from crypto-sector leaders and Crypto-Twitter influencers who often post compelling charts of various digital assets with a captioned explanation of why or why not certain price action could lead to a particular outcome. To review, here what many investors may have internalized as truth: When Bitcoin (BTC) price consolidates (trades sideways) Read in Cointelegraph: https://apple.news/ACxhK_ Altcoins Are Taking a Beating While Bitcoin Price Holds Around $10,500The top-20 cryptocurrencies are showing red candlesticks across the board, as the number one cryptocurrency continues to test support at $10,500. Market visualization. Source: Coin360 The Bitcoin (BTC) price has shown little price movement in the last 24 hours, and has been trading close to $10,500 for most of the day. At press time the world’s most popular cryptocurrency is trading at $10,532, down 0.63% on the day. Bitcoin’s 24-hour price chart. Source: Coin360 Cointelegraph reported earlier Read in Cointelegraph: https://apple.news/AMvji1x_ Bitcoin Price Rejected at $10.8K as Crypto Market Braces for BakktBitcoin (BTC) price continued to fluctuate around $10,500 on Sept. 5 as the largest cryptocurrency stopped short of breaking $11,000. Market visualization. Source: Coin360 Bitcoin simmers after latest $11K moonshot Data from Coin360 showed less volatile action for BTC/USD on Thursday, following the pair’s sudden rise of over $1,000 in the first half of the week. At press time, Bitcoin traded at $10,620, compared with just $9,350 at the same point last week. Bitcoin 7-day price chart. Source: Read in Cointelegraph: https://apple.news/
CURRENCIES
U.S. Dollar: Break Out Or Blow Off Top Review of the pattern.What the DXY component pairs are signaling.Price levels to watch in the coming weeks. Read in Seeking Alpha: https://apple.news/AwKnPN3e_ Forex - Dollar Holds Gains vs Havens on Hopes for Strong Jobs Data Forex Sep 06, 2019 07:09 GMT Investing.com -- The dollar was higher against haven currencies and lower against higher-yielders early Friday in Europe, holding gains made Thursday in broad rally in risk assets after signs of robust job creation in the U.S. last month. The ADP (NASDAQ:ADP) payrolls report blew past expectations, with a 195,000 increase in private jobs in the month, well ahead of forecasts for a 148,000 increase. It was followed by a stronger-than-expected non-manufacturing PMI Read in Investing.com: https://apple.news/ASG-c- Forex - U.S. Dollar Remains Weak After ADP, Jobless Claims Forex Sep 05, 2019 14:53 GMT Investing.com - The U.S. dollar was tepid on Thursday, despite jobs numbers suggesting the economy was still growing at a moderate pace. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.1% to 98.292 as of 10:44 AM ET (14:44 GMT). Payment processor ADP (NASDAQ:ADP) said private hiring came in stronger than expected, with private payrolls increasing by 195,000 in August after rising by 142,000 in July. The Read in Investing.com: https://apple.news/A_IWp3P_ NewsBreak: Sterling Falls as Court Rules Parliament Suspension Legal Forex Sep 06, 2019 09:32 GMT Investing.com - The pound tumbled in early morning trading Friday after the high court in London ruled that U.K. Prime Minister Boris Johnson’s move to suspend parliament was legal. The ruling will be appealed to the supreme court, which has already agreed to hear appeals on Sept. 17. GBP/USD fell 0.3% to 1.2297 as of 5:27 AM ET(9:27 GMT). EUR/GBP rose 0.3% to 0.8969. The U.K. 10-Year yield fell 0.033 to 0.566%. Read in Investing.com: https://apple.news/ Canadian dollar rises after Bank of Canada leaves overnight rate unchanged The Canadian dollar rallied Wednesday after the nation's central bank stood pat on interest rates. The Bank of Canada, as expected, left the target for its overnight rate at 1.75%, but warned, in a statement, that "escalating trade conflicts and related uncertainty are taking a toll on the global and Canadian economies." Policy makers found the current degree of monetary policy stimulus remains appropriate, the statement said, but will pay "particular attention to global developments and their Read in MarketWatch: https://apple.news/ Think about this if you own Hong Kong dollars On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island. Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war multiple times... Read in Sovereign Man: https://apple.news/
HEALTH / SCIENCE
Cigna rolls out new plan to fully cover multi-million dollar gene therapies Health insurer Cigna Corp said on Thursday it had introduced a plan to fully cover costs for expensive gene therapies, eliminating any out-of-pocket payments for customers. Read in Reuters: https://apple.news/AYC- Should Parents Worry About Kids Drinking Coffee? Too much too soon? Spend an afternoon hanging out in a Starbucks or Dunkin, and you’ll probably see a handful of teens—and maybe even some younger kids—stopping in for a cup of coffee. A 2017 industry report from the National Coffee Association found that the percentage of Americans aged 13 to 18 who drink coffee every day had risen to 37%, marking a 14-percentage-point increase since 2014. The image of a 13-year-old drinking coffee seems somehow wrong—a child enjoying an adult’s habit. But Read in TIME: https://apple.news/ We got an inside look at how the biotech Spark used mazes to develop a first-of-its-kind treatment for eye disease on the way to selling itself for $4.8 billion Dan Chung is the clinical ophthalmic lead at Spark Therapeutics. The biotech Spark Therapeutics needed a way to measure improvements to a patient's quality of life when testing a new treatment for a rare eye disorder. So Spark created a maze-like course, which included simulated obstacles like holes and grass, for use in key research. We spoke with Dan Chung, the clinical ophthalmic lead at Spark, about the company's efforts to do that in a rigorous and standardized way. Spark's treatment was Read in Business Insider: https://apple.news/ Doctors are now prescribing houseplants to help treat anxiety and depression If someone goes to the Cornbrook Medical Practice in Manchester, England, they might go home without new drugs, but with a plant. The office is one of the first to prescribe patients greenery to help treat anxiety and depression. It’s based on the idea that being around nature—even something as simple as a single plant—can have health benefits. The office, which grows herbs like lemon balm and catmint on-site, also invites patients to later come back to garden with others. “There’s evidence that Read in Fast Company: https://apple.news/A5N3S_ Lupus, Explained in About 2 Minutes Symptoms can depend on which organs are affected. Most autoimmune diseases target a specific organ. The immune system mistakes a normal, healthy organ as a foreign threat to the body and persistently attacks, causing inflammation and damage to the organ. For example, alopecia areata is an autoimmune disease that attacks the hair follicles, causing hair loss. Ulcerative colitis is when the immune system attacks the colon (also called the large intestine), causing digestive distress and ulcers in Read in HealthiNation: https://apple.news/ Vaping May Also Put Women's Fertility at Risk A study finds that the nicotine and flavorings in vapes affect eggs in ways that would make it more difficult to conceive. Read in VICE: https://apple.news/ Four fast-growing medical jobs that pay six figures (and don’t require an M.D.) More than half of the fastest growing jobs over the next decade will be in health care, according to the Bureau of Labor Statistics. Read in MarketWatch: https://apple.news/
USA / CANADA
U.S., China agree to renew trade talks; stock futures shoot up The U.S. and China will meet in early October for renewed trade talks, China's Ministry of Commerce announced early Thursday, local time. U.S. stock futures shot up immediately after the announcement. The two sides will meet in Washington in early October, with "serious consultations" in mid-September to lay the groundwork for the high-level meeting, according to a Google translation of the statement. The White House confirmed the new talks, according to the Wall Street Journal, which reported Read in MarketWatch: https://apple.news/ Jobless claims edge up to 217,000, but there’s no sign of rising layoffs There is no sign of rising or widespread layoffs even as the U.S. economy confronted more obstacles to growth. Initial jobless claims edged up by 1,000 to 217,000. Read in MarketWatch: https://apple.news/ U.S. Weekly Jobless Claims, And What They Say About The U.S. Economy Why U.S. consumer spending remains strong.How trade tensions are taking a toll on manufacturing activity.Why investors should focus on leading indicators for market cues. Read in Seeking Alpha: https://apple.news/AdI_ How GDP Measures Help Create The Illusion That Money Pumping Grows The Economy In response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product (GDP) some commentators have raised the alarm of the possibility of a recession emerging.Some other commentators are dismissive of this arguing that the likelihood of a recession ahead is not very high given that other important indicators such as consumer outlays as depicted by the annual growth rate of retail sales and the state of employment appear to Read in Seeking Alpha: https://apple.news/
EMERGING MARKETS
U.S. imposes duties on structural steel from China, Mexico The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value. Read in Reuters: https://apple.news/ Russia Warns of New U.S. Moves on Venezuela As Military Goes on High Alert September 04, 2019 Russia has warned of new U.S. moves against the government of Venezuela, where the military has been placed on high alert in response to recent actions by the country's neighboring Washington-backed rival. During a press conference on Wednesday, Russian Foreign Ministry spokesperson Maria Zakharova criticized Venezuela's opposition-controlled National Assembly head Juan Guaidó's attempts to further solidify his self-proclaimed government as a "dangerous attempt to legitimize Read in Newsweek: https://apple.news/A39T_rR- Argentine farmers favoring safe-bet soy over corn as policy outlook darkens Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning toward soy over more expensive corn to cut costs, a shift that could impact next season's harvest in one of the world's top grain exporters. Read in Reuters: https://apple.news/ Argentine markets hold steady as anti-government protesters take to the streets Argentine markets held steady on Wednesday, even as thousands of protesters took to the streets to demonstrate against the government of President Mauricio Macri and a darkening economic outlook in the recession-hit South American country. Read in Reuters: https://apple.news/ Venezuela military exercises on border a 'threat': Colombia minister Venezuela's planned border military exercises are a direct threat to regional stability, Colombia's foreign minister said on Wednesday, as the neighboring countries renewed their frequent verbal sparring over security. Read in Reuters: https://apple.news/ EMERGING MARKETS-HK stocks, China data boost emerging market shares; FX higher * Hong Kong shares record best day in 10 months Read in Reuters: https://apple.news/ 10 Emerging-Markets Stocks That Will Survive the Trade War The old saying goes: When America sneezes, the world catches a cold. As the world’s largest importer – and holder of its largest trade deficit by a country mile – the United States is the planet’s indispensable economy. And emerging-markets stocks, with their dependence on foreign capital and high concentration in cyclical and commodity sectors, are particularly vulnerable to weakness in the U.S. There’s nothing quite like a good trade war to give investors the jitters. But it’s not just the Read in Kiplinger: https://apple.news/ GLOBAL-MARKETS-Equities rally, pound jumps on upbeat geopolitical news * All three major U.S. stock indexes in the black Read in Reuters: https://apple.news/
MIDDLE EAST
Arab support .. Iraq signed a memorandum to forgive 75% of its own debt
2019/09/05
Iraq gets an exemption for debts owed by it within the support fund for Arab countries.
The Iraqi Foreign Ministry said in a statement that it signed a memorandum of understanding with the General Secretariat of the League of Arab States, including the exemption of Iraq from 75% of its debts within the support funds provided to Arab countries.
She added that the memorandum also included the scheduling of the remaining, and payment of his contributions to the budget of the General Secretariat of the Arab League.
The Central Bank of Iraq joins a global forum whose financial assets exceed $ 30 trillion
2019/09/05 02:10:17
The Central Bank of Iraq has begun steps to join the official forum of monetary and financial institutions (OMFIF), an independent global think tank for central banks, pension funds and financial institutions with investment assets worth $ 36.2 trillion.
Membership in this forum provides insight into the key topics of investment in two integrated channels of analysis and meetings, through high-level practical exchanges and content, as well as participation in meetings with the International Monetary Fund, the Bank of England and the German Central Bank.
The accession process also benefits from capacity building opportunities for mid-level and senior staff. OMFIF develops projects for members in London, Singapore, Washington and other global financial centers
The Central Bank of Iraq has begun steps to join the official monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking, pension funds and financial institutions with investment assets worth $ 36.2 trillion.
The membership of the forum provides insight into key topics for investment in two integrated channels of analysis and meetings, through high-level exchanges and content, as well as participation in meetings with the International Monetary Fund, the Bank of England and the German Central Bank.
The accession process also benefits from employees ability building opportunities for mid-level and senior staff. OMFIF develops projects for members in London, Singapore, Washington, and other global financial centers.
Central Bank of Iraq
Media Office
September 5, 2019 https://cbi.iq/news/view/1261
Islamic State fighters have reportedly used cows strapped with bombs in place of their suicide missions
A US soldier securing an area with a cow nearby during a joint patrol with the Iraqi police in Iraq in 2008. Islamic State militants in Iraq recently used cows strapped with explosive vests to carry out an attack, according to a New York Times report published Wednesday. At least two cows were reportedly seen with explosive vests in the southeastern village of Al Islah, where the vests were said to be remotely detonated when the cows approached homes. Vehicle-borne improvised explosive devices Read in Business Insider: https://apple.news/ Iraq protests: Thousands of graduates demand jobs from government Thousands of university graduates in oil-rich Iraq are protesting outside government ministries in Baghdad, demanding jobs. Unemployment for young adults stands at 22 percent and the government admits it has not planned for the large numbers of students coming into the job market every year. Years of conflict have hollowed out the country's economy. Al Jazeera's Charles Stratford reports from Baghdad. Read in Al Jazeera: https://apple.news/ Netanyahu opposes Iran talks after Trump moots meeting Rouhani Israeli Prime Minister Benjamin Netanyahu urged world powers on Thursday not to open a dialogue with Iran, after U.S. President Donald Trump said he may meet his Iranian counterpart to resolve a crisis over Tehran's nuclear program and sanctions against it. Read in Reuters: https://apple.news/AlR_f2s- EU urges Iran to 'reverse' its abandonment of nuclear commitments Iran to announce details of latest nuclear move on Saturday, says report Read in i24 News: https://apple.news/ US offered millions in cash to captain of Iranian tanker A senior United States official personally offered several million dollars to the Indian captain of an Iranian oil tanker suspected of heading to Syria, the State Department has confirmed. The Financial Times reported that Brian Hook, the State Department pointman on Iran, sent emails to captain Akhilesh Kumar in which he offered "good news" of millions in US cash to live comfortably if he steered the Adrian Darya 1 to a country where it could be seized. "We have seen the Financial Times article Read in Al Jazeera: https://apple.news/ To strike or not to strike? A brief history of Iranian nuclear ambitions - and the frictions around them New York Times goes behind the scenes of the Iranian nukes drama, revealing secret pages of its history Read in i24 News: https://apple.news/A3UyOT_
AFRICA
Robert Mugabe, who once said 'only God' could ever remove him, dies at 95
CNN) — Zimbabwe's former president Robert Mugabe, who was once feted as an independence hero but whose 37-year rule left his country deeply divided and nearly broke, has died at the age of 95.
Robert Mugabe, Veteran President Of Zimbabwe, Dead At 95
September 6, 20191:17 AM ET
Zimbabwe's longtime president Robert Mugabe has died. He was 95. Mugabe's death was announced by the office of Zimbabwe's president.
Zimbabwe’s Mnangagwa Says Relations With U.S. Best in 20 Years
President says economic reforms going as fast as possible
Mnangagwa says country is emerging from economic trough
Zimbabwe: Mineral Earnings Clock U.S.$1,1 BillionThe mining sector generated US$1,1 billion in the first seven months of 2019 against a projected target of US$1,2 billion, according Minerals Marketing Corporation of Zimbabwe (MMCZ). MMCZ, which falls under the Ministry of Mines and Mining Development, is an exclusive agent for marketing and selling of minerals produced in Zimbabwe except silver and gold. MMCZ general manager Tongai Muzenda, said mineral earnings for the period under review slightly missed target due to a number of challenges Read in AllAfrica: https://apple.news/ Southern Africa: Zimbabwe Sanctions Must Go - ChinaChina stands with Africa in calling for the "immediate and unconditional" removal of all illegal sanctions imposed on Zimbabwe by Western countries, Beijing's Ambassador to Harare Mr Guo Shaochun has said. Sadc countries last month declared October 25 as Solidarity Day against illegal sanctions imposed on Zimbabwe and resolved to conduct various activities in their respective countries on that day to resoundingly call for the immediate removal of the sanctions. Speaking at the Chinese Embassy in Read in AllAfrica: https://apple.news/ Zimbabwe: Investor Interest Remains High - MthuliFinace and Economic Development Minister Professor Mthuli Ncube yesterday said foreign investor interest in Zimbabwe remained impressively high, as seen from the numerous multi-million dollar investment deals concluded in the mining sector. Speaking in an interview with The Herald ahead of the official opening of the World Economic Forum (WEF) on Africa in Cape Town yesterday, Prof Ncube said the high investor interest was driven by reforms being instituted by Government to refocus and grow the Read in AllAfrica: https://apple.news/ Africa: Today I Woke Up to a Broken South AfricaOur beautiful Constitution cannot shield us from clenched fists and the determined phallus. We are not rocks, Mr President. Though our spirits may be indomitable, our bodies bruise when struck. Dear Mr President, Today, I woke up to a broken South Africa. Headline after headline roared a bitter truth, one that the patriot heart must reckon with. From the sprawling townships to suburbia... it is clear... We are at war! Mr President, you may not realise it. You may even accuse me of being an Read in AllAfrica: https://apple.news/ Zimbabwe: President Gets Davos InvitePresident Mnangagwa will next year participate in the global World Economic Forum summit in Davos, Switzerland, following an invitation by the executive chairman Professor Klaus Martin Schwab. This was said by Presidential Spokesperson and Deputy Chief Secretary (Presidential Communications) in the Office of the President and Cabinet Mr George Charamba yesterday following President Mnangagwa's meeting with Prof Schwab ahead of the official opening of the WEF on Africa which opened in Cape Town Read in AllAfrica: https://apple.news/AW1_ Zimbabwe: Doctors Report for Duty, Snub Strike CallNormal service delivery characterised the situation at most central hospitals despite threats by some junior doctors to down tools starting Tuesday. A survey by The Herald at central hospitals in Harare and Chitungwiza on Tuesday and yesterday showed that routine service provision ran uninterrupted as doctors, including some juniors reporting for work just like any other normal day. By midday, all clinics at Parirenyatwa Group of Hospitals' out-patient department had been completed on both Read in AllAfrica: https://apple.news/ Africa: Anti-Revolutionary Forces Dividing Africa, ANC - MagashuleWhile ANC secretary general Ace Magashule described the ongoing spate of violent protests in parts of the country as criminality - not xenophobia - he warned that "anti-revolutionaries" were using tribalism to pit Africans against one another. The protests have mainly affected parts of Gauteng. Magashule shared his thoughts at a SA Students Congress (Sasco) elections rally at Tshwane University of Technology on Wednesday. The student representative council elections are expected to take place on Read in AllAfrica: https://apple.news/ Zimbabwe: NAC Targets Truckers With Night Clinics in HIV/Aids FightThe National Aids Council (NAC) has resorted to introducing clinics that operate at night to provide HIV/AIDS testing services to "key populations" like truckers. In an interview with NewZimbabwe.com, NAC Mashonaland East provincial manager Wilfred Dube said the novel idea has opened in Murehwa targeting truck drivers who use the Harare-Nyamapanda Highway heading to Mozambique, Malawi and other East African countries. The introduction of the night clinics, according to Dube, has increased the Read in AllAfrica: https://apple.news/AK- Zimbabwe: Government to Resume Payment of Ziscosteel Workers Month-EndGood times are set to roll for former workers of the now defunct steel manufacturing giant, Ziscosteel, as they are set to resume receipt of their dues from government starting end of this month after reportedly enduring over eight months without getting a dime, 263Chat Business understands. Ziscosteel workers are owed salary arrears, pensions and retrenchment packages by the state following the promulgation of the Ziscosteel Debt Assumption Bill in 2017 that spelt that the government had to Read in AllAfrica: https://apple.news/ Africa: Anti-Foreigner Attacks Have Been Stoked By Years of Rhetoric and InactionAttacks on refugees, migrants and asylum-seekers have occurred for past 11 years 'The South African authorities must stop fuelling xenophobia in their desperate attempt to win political support' - Shenilla Mohamed Ongoing attacks in South Africa against refugees and migrants are a direct consequence of years of impunity which has left foreign nationals in the country exposed and unprotected, Amnesty International said today. For several weeks, there has been systematic looting and burning of Read in AllAfrica: https://apple.news/
ASIA
China vows to keep funding African infrastructure projects despite debt-trap claims China has promised to continue funding infrastructure projects under the Belt and Road Initiative in Africa, despite growing criticism that the investments burden countries with debt. In the Kenyan capital Nairobi on Wednesday as part of a four-day trip… Read in South China Morning Post: https://apple.news/ China economy woes owe more to domestic issues than trade war, experts tell Washington hearing Experts on US-China relations have advised that the 14 month-long trade war has had “little direct impact on China's economy” and warned that “it would take a truly massive economic shock to threaten” Chinese President Xi Jinping’s power. Instead, experts… Read in South China Morning Post: https://apple.news/ China needs to rev up stimulus measures to repair broken down car sales, analysts say As China’s car sales head towards an expected 14th consecutive monthly decline in August, calls have been made for additional and more powerful purchase incentives after three previous measures intended to boost purchases have so far failed to halt the… Read in South China Morning Post: https://apple.news/ ‘Any suggestion?’ Philippine president Duterte asks after Xi Jinping reaffirms South China Sea claims Philippine President Rodrigo Duterte has admitted he has no way of ensuring China complies with an arbitral ruling that upheld Manila’s sovereign rights to a swathe of the South China Sea, describing the impasse as “a sore thumb that sticks out every day”… Read in South China Morning Post: https://apple.news/AAgf9- After extradition bill withdrawal, Hong Kong launches global ad campaign to reassure investors The Hong Kong government has launched a global advertising campaign describing the financial hub as a safe and welcoming place for business, a day after announcing the withdrawal of the extradition bill that plunged the city into its worst political… Read in South China Morning Post: https://apple.news/ Japan's retail gold price clambers to highest since 1980 amid global economy jitters * Refined gold retail price hits 5,325 yen/gramme Read in Reuters: https://apple.news/AC_ Asian markets gain on trade-deal hopes, positive U.S. economic data Asian shares rose Friday as investors cheered plans for more trade negotiations between Washington and Beijing and drew encouragement from positive data about the U.S. economy. Read in MarketWatch: https://apple.news/AED-
EUROPE
Boris Johnson loses another battle: Here’s why he might still win the war The British prime minister lost every vote in the House of Commons on Wednesday, but an election could save him yet. Read in POLITICO: https://apple.news/ Hard Brexit will be a 'big, big blow' to the UK economy, expert says William Adams of PNC discusses how a hard Brexit will impact the U.K. economy at a time when the risks of a recession has increased. Read in CNBC: https://apple.news/ UK government gives up trying to stop Brexit delay bill in parliament British Prime Minister Boris Johnson's government abandoned attempts in the upper house of parliament to block a law aimed at stopping the country from leaving the European Union without a deal. Read in Reuters: https://apple.news/ U.K. Lawmakers Foil Johnson With Votes to Delay Brexit and Bar Snap Election British lawmakers imposed twin defeats on Prime Minister Boris Johnson, frustrating his signature effort to take Britain out of the European Union at the end of October and thwarting his push for a quick election. Read in The Wall Street Journal: https://apple.news/
CBI, ISX, Kauaihn Chatter:
CBI Update:
Closed on Friday and Saturday
Closed Friday and Saturday
Value Traded:
Shares Traded:
ISX ended in Green
Kauaihn Chatter:dd
http://www.dinarguru.com/
9-7-2019 Newshound/Intel Guru Mnt Goat Article: "SHARE OF KURDISTAN RISE TO MORE THAN 17% OF THE FEDERAL BUDGET" So the Kurds for now get what they wanted to survive yet another budget. But this is NOT over until parliament passes the “referendum” required by the new 2005 Iraqi Constitution... Read my lips – ARTICLE 140 IS NOT DONE UNTIL A LAW IS PASSED...So they absolutely must get this referendum passed or this will continue on for ever and ever for each of the years budgets! ARTICLE 140 IS NOT DONE!
9-6-2019 Newshound Guru Kaperoni If you go back and look at the IMF Article IV Consultation from this year that came out in June, the IMF encouraged the CBI to begin more training programs. We are now seeing an abundance these types of training or seminars throughout Iraq.
9-6-2019 Intel Guru MarkZ My paymaster still wants to be home this weekend...funds are absolutely there and they just need the release to send them to us. He says the public should be in the banks no later than on the 10th or 11th...Actually in there with currency in their hands. It may not be what we wanted...we wanted funds for the weekend...but it’s what we got.
9-6-2019 Newshound Guru larrykn I really wouldn't worry about a LOP...that is just not going to happen, its been in many articles someone is just trying to stir the pot.
9-6-2019 Intel Guru Frank26 [Guru] Walkingstick told us that the next thing that we as a team are looking for is for the picture of the small category notes and the coins that would be equivalent to the new small category notes 1, 5, 10, 20, 50 and 100...soon a flow down of visual aid pictures is going to go to the banks. From the banks to the tellers. From the tellers to the citizens...IMO these pictures are timed for release now due to the success of the massive campaign that has well educated the citizens...these photos are the final evidence of the reinstatement that is to come... 9-6-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS DECIDED TO APPROVE THE RATING AGENCIES THAT HAVE THE CRITERIA ECAI" Quote: "The Board of Directors of the Central Bank of Iraq has decided to approve the rating agencies that have the criteria ...(ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely: Standard & Poor; Moody's; Fitch Ratings; Capital Intelligence" ...this is a WOW! article and tells so much about how they now view their banking system. Folks they are about to compete with other international currencies on the open global trading platforms. Why else would they be so concerned about their ratings from these four agencies? How many times have they told us already this is the plan?... 9-6-2019 Intel Guru MarkZ If you are having doubts about the RV…do some research about when Germany, Kuwait, and other countries have RV’d in the past…Iran and Iraq have also RV’d several times in the past... 9-6-2019 Newshound Guru Vital Brad Article: "Central Bank announces strategic banking projects for the next 5 years." Quote: "The exchange rate as the main achievement of monetary policy applications and one of it's important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system." ...it's not a matter of if they're gonna adjust their exchange rate on their currency. It's when. You can see from the 5 year projection that a lot of these projects that they're planning to complete are gonna be done so with the Iraqi dinar at its raised rate. So some really great news... 9-6-2019 Newshound/Intel Guru Mnt Goat The only real currency we know for sure that will have any significant change in value in the near future is the Iraqi dinar and no other...All the other currencies you hear about are just extremely high speculation. I have been hearing about the Vietnam Dong and its potential to revalue...Could it? Yes, but...a speculative currency investment?
Elmer:
Not in today
Artmeister:
Not in today
Catnip:
*************
ARTICLE 1 (from PM Mahdi's website; posted on both the Arabic and the English sides)
Prime Minister Adel Abdul Mahdi receives a phone call from Saudi Crown Prince Mohammed bin Salman
Prime Minister Adel Abdul Mahdi received a phone call from Saudi Crown Prince Mohammed bin Salman, during which they discussed coordinating the efforts of the two countries with other parties in OPEC and outside to control oil markets and prevent the deterioration of oil prices.
Information Office of the Prime Minister
6 - September 2019
*************
ARTICLE 2 (from Government of Iraq twitter account)
*************
ARTICLE 3
Foreign Ministry will discuss the most important files to be discussed by Ghad al-Mahdi in his visit to China at the end of this month
9/19/17 17:06
[Baghdad-Where]
The Foreign Ministry clarified the visit of Prime Minister Adel Abdul Mahdi to the People's Republic of China scheduled for the end of September.
"The Department of Asia and Australia at the Foreign Ministry organized last Wednesday, a consultative meeting of a number of representatives of Iraqi ministries and institutions," a ministry statement said Friday.
He added that "during the meeting discussed the reached on the memorandums of understanding and agreements that are expected to be signed during the Prime Minister's visit to the People's Republic of China at the end of this month, as well as issues that the Iraqi side would like to discuss with the Chinese side during the visit."
*************
ARTICLE 4
Siron: A full year, we did not feel that Abdul Mahdi as prime minister
9/19/17 17:14
Baghdad-Where]
Jawad al-Moussawi, a member of the alliance of the Sairoun coalition, said on Friday that the dismissal of the prime minister is very close and that we need a firm, courageous and strong prime minister for corruption and corruption.
This came in a statement to Moussaoui today, received by the agency [where], where he explained that "for a year did not feel that Abdul Mahdi prime minister, only his work was very protocol at a time when we need a firm, courageous and strong prime minister on corruption and corrupt."
He added that "the process of dismissing Adel Abdul Mahdi is very close, if he did not take strict and rapid measures to strengthen and strengthen the state and its laws and the fight against corruption."
*************
ARTICLE 5
Inspectorate of Interior recommends the Directorate of Babylon Police return the amount of 525 million dinars to the state treasury
9/19/2019 17:23
[Baghdad-Where]
The Office of the Inspector General of the Ministry of Interior recommended the Babylon Police Directorate to return the amount of 525 million dinars to the state treasury for disbursement of the amount contrary to the regulations and instructions. The inspectorate said in a statement received by the Iraqi News Agency (conscious) that "the recommendation came against the backdrop of an audit committee of the Office of the Inspector General in the province of Babylon to audit the accounts of the provincial police directorate, where she discovered that the directorate allocate temporary allocations to the personnel of two companies of its companies contrary to the controls and instructions, and proved The auditing was not covered by the allocations, which obliged the Babylon Police Directorate to stop the disbursement of these allocations to those not covered by the return of the amount of 525 million to the state treasury, and take the mechanism that ensures the return of these amounts to the treasury. |
Saturday, September 7, 2019
Saturday 9/7/19 WOTS
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment