MaRkets
Dow to start up 123 sp up 15 ndx up 50
Precious metals
gold is down 1579 silver down 17.80 copper up 252.95 platinum
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1166.5000 |  1220.8000 | 1192.5000 | 1192.5000 | 1192.5000 | 1.3000 | 06:07 |
| USD/VND | 22895.0800 | 23618.1500 | 23230.7800 | 23193.8500 | 23193.8500 | 36.0100 | 06:07 |
| USD/CNY |  7.0191 | 7.0211 | 7.0244 | 6.9356 | 6.9356 | 0.0835 | 06:39 |
| USD/KWD | 0.3038 | 0.3048 | 0.3042 | 0.3036 | 0.3036 | 0.0006 | 06:31 |
| GBP/USD | 1.3055 | 1.3056 | 1.3183 | 1.3046 | 1.3173 | -0.0148 | 06:41 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 13739.0000 | 13742.0000 | 13774.0000 | 13633.0000 | 13651.0000 | -6.0000 | 06:41 |
Things in the News:
Corona Virus Updates
New evidence emerges: Coronavirus “bioweapon” might have been a Chinese vaccine experiment gone wrong… genes contain “pShuttle-SN” sequences, proving laboratory origin
And finally ... finding a cure for corona's disease
link out of Iraq's news
hopefully this will spread just as quickly ...
Doctors from Thailand said on Sunday they had seen success in treating severe cases of the new coronavirus with a combination of influenza drugs and HIV (AIDS), and initial results showed significant improvement within 48 hours of starting treatment.
Doctors from Rajavethi Hospital in Bangkok said that a new approach to treating the Coronavirus has improved the conditions of a number of patients under their care, including a 70-year-old Chinese woman from Wuhan, who tested positive for the virus ten days ago.
The treatment includes a combination of two anti-HIV drugs, lopinavir and ritonavir, as well as large doses of influenza drug oseltamivir
snippet from
3 vitamins can keep Corona virus away from you
According to the professor, vitamins have an important function as a protector of the immune system, stressing that “there are three vitamins important for children, especially to prevent corona virus, they are vitamin A, vitamin C, and vitamin D.”
IRAQi ARTICLES
Economist: The Iraqi economy tends to age and needs strong shocks to restore its life cycle
Raad Tuwaij, an expert in economic affairs, stressed that the Iraqi economy is aging and it needs strong shocks to restore its life cycle.
Tuwaij said in a statement to the Iraqi National News Agency ( NINA ): "The strategy to revive the economy and reduce poverty is a failure in the full sense of the word, and the chaos that Iraq has experienced in the previous months has caused," noting: "The treatment of poverty in a real way to provide solutions to unemployment through the rise of renaissance Industrial and agricultural development of the financial system and reducing income disparity between the social strata and the high-income bracket, and reducing the deprivation map is the decisive matter in achieving social justice.
Tuwaij stressed the focus on economic ministries because it is the focus of future work for upcoming governments, avoiding social and economic congestions and bottlenecks and that economic leaders have foresight and perceptions of future solutions to economic conditions, especially as there is a state of weakness in many economic areas such as poor investment, excessive consumption and similar professional composition The decline in innovation, production and dependence on what the economies of other countries have in goods. Powerful Matt to restore the life cycle of the economy, which is suffering from the recession and the deterioration of production capacity and a tight cash cycle and move away from the role of credit "
Tuwaij said in a statement to the Iraqi National News Agency ( NINA ): "The strategy to revive the economy and reduce poverty is a failure in the full sense of the word, and the chaos that Iraq has experienced in the previous months has caused," noting: "The treatment of poverty in a real way to provide solutions to unemployment through the rise of renaissance Industrial and agricultural development of the financial system and reducing income disparity between the social strata and the high-income bracket, and reducing the deprivation map is the decisive matter in achieving social justice.
Tuwaij stressed the focus on economic ministries because it is the focus of future work for upcoming governments, avoiding social and economic congestions and bottlenecks and that economic leaders have foresight and perceptions of future solutions to economic conditions, especially as there is a state of weakness in many economic areas such as poor investment, excessive consumption and similar professional composition The decline in innovation, production and dependence on what the economies of other countries have in goods. Powerful Matt to restore the life cycle of the economy, which is suffering from the recession and the deterioration of production capacity and a tight cash cycle and move away from the role of credit "
Iraqi President appoints new Prime Minister despite rejection by protesters
ERBIL, Kurdistan Region – Iraqi president Barham Salih officially appointed Muhammad Tawfiq Allawi to form the new Iraqi cabinet on Saturday. Protesters in Baghdad and other major cities had already rejected the former Minister of Communications’ candidacy for the role of Prime Minister before it was officially announced.
Iraqi security analyst Husham al-Hashimi tweeted on Saturday following the appointment of Allawi that the agreement between the Shiite al-Fatih coalition and Allawi will provoke unrest in the streets. The coalition, which placed second in Iraq's 2018 parliamentary elections, is comprised of several political arms of the PMF, the Iran-backed Hashd al-Shaabi militias at the heart of recent tensions between the US and Iran on Iraqi soil.
“The agreement between Fatih coalition and Muhammad Tawfiq Alawi is an agenda agreement and not an agreement to solve the crisis. The agreement is rejected by the movement on the street, and at some point this agreement will provoke the streets, as the engineer Mohammed Allawi needs to push himself away from those restrictions, the demands of the streets invented by nationalist youth, who have great vision and are independent to the extreme limits,” tweeted al-Hashimi.
Iraqi Prime Minister Adil Abdul-Mahdi resigned from his post in late 2019 following months of protests against the government, but remained in the role as the head of a caretaker government as the dominant Shiite blocs of parliament failed to agree on a replacement that is also acceptable to the protesters on the streets.
After Salih selected Saturday as a deadline for influential Shiite political parties to reach an agreement and nominate a candidate whom Salih could assign to form Iraq’s new cabinet, Shiite political factions agreed to nominate Mohammed Tawfiq Allawi. Allawi served as Iraq’s Minister of Communications under Prime Minister Nouri al-Maliki from 2006 to 2007 and again from 2010 to 2012, resigning from his post a the end of both stints.
In a video published on Saturday, Allawi announced that he had been appointed by Salih to form the next Iraqi cabinet and called on protesters to continue protesting to help him implement necessary reforms.
“I hereby announce that I have been appointed by the Iraqi President to form the next Iraqi cabinet,” Allawi said in the video. “I call on all protesters to keep protesting, as you will help me and assist me with your protests.”
Young Iraqis have been in the streets of the nation’s southern and central cities since October 2019 to protest the lack of basic services, rampant corruption, and high unemployment in their country.
Following a short pause for a Shiite religious holiday, the protests resumed with increased intensity and widespread demands for the overthrow of the post-2003 political establishment.
More than 600 people have been killed and around 18,000 injured in clashes between protesters, security forces, and pro-Iran militias according to Amnesty International.
Protesters in Baghdad and southern provinces rejected the possible nomination of Allawi multiple times since last month, claiming that he is beholden to establishment parties and voicing their preference for a political outsider.
Caretaker Prime Minister Abdul-Mahdi called Allawi on the phone to send congratulations and wish him success in his new task. The two men agreed to meet soon and work jointly for the sake of democracy in Iraq.
Shiite cleric Muqtada al-Sadr, head of Parliament's powerful Sairun bloc, tweeted that the protesters and Iraqi people have chosen Allawi to become the next Iraqi Prime Minister, despite the fact that protesters in central and southern parts of Iraq are currently demonstrating against Allawi's appointment. Sairun bloc supported Allawi's nomination in a compromise agreement with al-Fatih coalition.
“Today history witnessed that Iraqi people chose the next Iraqi PM and not the political parties,” Sadr tweeted. “I call on protesters to keep protesting until the full formation of the cabinet, and ask Mohammed Tawfiq Allawi to not give up due to internal or external mounting pressures.“
Sadr also called on protesters to be patient and give Allawi a chance.
The US embassy in Baghdad released a statement following Allawi's appointment, calling for an “independent and honest” government to meet the demands of the Iraqi people.
“Current conditions in Iraq and the region require an independent and honest government committed to addressing the needs of the Iraqi people. The nomination of Muhammad Tawfiq Allawi as a new Prime Minister must be followed up with efforts to accomplish that objective,” the statement read.
The statement also indicated US readiness to work together with Allawi's government to achieve stability and security in Iraq, saying, "The US regards the security of Iraq as vital and will work with the new government once formed to foster conditions for Iraq’s stability, prosperity, and sovereignty.”
BANKS/BANKING/CREDIT
Fidelity now lets investors trade fractional shares
Fidelity Investments is the latest brokerage to let investors trade fractions of stocks and exchange traded funds on its online brokerage platform for free. But you should be careful before snapping up partial shares of pricey companies like Amazon and Alphabet.
Read in CNBC: https://apple.news/
FBI warns of new online threat to personal, credit card information
Skimming credit card information from ATMs and gas pumps has now gone digital with criminals stealing info from online transactions. Millions of consumers already have been hit, according to the FBI.
Read in CNBC: https://apple.news/
KEY POINTS
- Companies including Macy’s, British Airways, Puma and Ticketmaster have been hit by a new form of personal and credit card hacking, known as e-skimming or magecart, which steals information from websites.
- Never using a debit card online and asking a company for a virtual credit card are among steps that consumers can take to protect themselves.
Bank of America Record $17 Billion Settlement with Authorities
Bank of America may be the last of the nation's largest banks to settle with the Justice Department over bad loans. In the last year, it was Citigroup and JP Morgan Chase. Come Thursday, Bank of America may be the last of the nation's largest banks to settle with the Justice Department over bad loans made to investors in the lead up to the financial crisis. The bank is expected to agree to a settlement of $17 billion: Ten of which is payable by the bank in cash and another seven billion in
Read in TheStreet: https://apple.news/
California-based OneWest Bank Launches New Mobile App for Small Business Owners
California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements. The OneWest Bank... Read More The post California-based OneWest Bank Launches New Mobile App for Small Business Owners appeared first on Crowdfund Insider.
Read in Crowdfund Insider: https://apple.news/
California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements. The OneWest Bank... Read More The post California-based OneWest Bank Launches New Mobile App for Small Business Owners appeared first on Crowdfund Insider.
Read in Crowdfund Insider: https://apple.news/
Smart new ways to establish credit
Building credit? You’re in luck: There are more ways to establish credit now than there were in decades past.
Read in MarketWatch: https://apple.
Utah lawmakers aim to tackle suicide with new treatment model
Two bills seek new mental health facilities, more beds for state hospital
Read in Deseret News: https://apple.news/A7A_
Two bills seek new mental health facilities, more beds for state hospital
Read in Deseret News: https://apple.news/A7A_
The trade war has dented China’s economy, but the country is still posting healthy growth rates and the annual per capita income of Chinese has surpassed the symbolically important US$10,000 mark. Leaders’ aspirations of development goals being attained…
Read in South China Morning Post: https://apple.news/
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