Jose: what would anyone gain by lying about the status of mosul….. doesnt make sense
Ecubucs : Jose it makes All the sense in the world! The PTB will Never telegraph just how well Iraq is doing up until it's time to allow them to fully come on board including their sovereignty. No one outside of us iraqi investors are even looking at this! We are so small by comparison... But! The PTB will not ever let the cat out of the bag so to speak to give us a hint that things are doing so well in iraq giving our beliefs in their currency to escalate in value..
Willoninny : I remember once Tony spoke of a story where a soldier stood in a bar watching himself on TV supposedly engaged in an ensuing battle. Late news really play a part in disguising or misleading John Public for psychological control.
Watchbandit: You just cant believe anything at all any more . What is truth, not sure it exists any more
SassyD: S&P 500 falls for 9th straight day - longest streak in 36 years
ADMINBILL: HERE WE ARE AGAIN. FRIDAY. ANOTHER WEEKEND. THE ELECTION IS ALMOST HERE. IRAQ IS HAPPENING. BANKS ARE STILL IN TROUBLE. THE MARKET IS NOT DOING WELL. WHAT NEXT?
Roush: The Paris Agreement: Now We Need to Move the Money November 4, 2016
November 4, 2016, 9:20 am
At the recent United Nations General Assembly in New York, Secretary General Ban Ki-moon predicted the Paris climate agreement would enter into force before 2017, announcing 60 countries had now ratified its terms. Last week, the International Monetary Fund and World Bank welcomed an influx of finance ministers and central bankers, to its annual meetings in Washington DC.
At first glance, these two events might appear totally unrelated. The ratification of the Paris Agreement – a global deal to keep global temperature rise below 2°C – is a huge achievement and a real triumph for multilateralism. It also focuses the mind on the next step: how the Agreement will be implemented across the world?
Here, we get our first inkling as to why the finance ministers, central bankers and regulators – packing their suitcases for Washington DC – are so relevant to our story. Right now, progress is being made towards mobilizing $100 billion in annual financing flows from rich countries to developing economies by 2020. Practical implementation is also taking place on the ground.
Funding from the Green Climate Fund (GCF) is helping to build resilience into coastal and urban infrastructure projects in Bangladesh, while in Tanzania over 100,000 homes now have electricity through Off-Grid Electric, a clean energy company backed by debt financing from the Million Solar Homes Fund.
Yet overall, the cost of making the transition to a low-carbon future is measured in trillions. This quickly takes us far beyond the realm of public funds since no government – no matter how rich – can finance climate action through taxation and borrowing alone. One estimate suggests that around US $90 trillion will need to be invested by 2030 in infrastructure, agriculture and energy systems, to accomplish the Paris Agreement.
This won’t happen without private capital and underlines why aligning the world’s financial system with the needs of climate action and sustainable development is every bit as important as emission reduction pathways and removing fossil fuel subsidies. Moreover, set against the US$300 trillion of assets – held by banks, the capital markets and institutional investors – we’re faced with a problem of allocation rather than outright scarcity.
In fact, finance ministers and central bank governors are already deeply engaged. Those from G20 nations recently agreed a set of options to improve the ability of the global financial system to deliver green investment. One promising area is the rise of the green bond market where companies and municipalities can raise capital that is ring-fenced for priorities such as renewable energy, building efficiency and water management.
So far this year, the combined value of green bonds has grown to over $45bn, a fourfold increase from 2013. By way of example, Mexico’s development bank, Nacional Financiera S.N.C (Nafin), issued its first $500 million green bond in November last year to finance wind energy in Oaxaca, Nuevo Leon and Baja California.
While the Paris Climate accords are not legally binding and there is no measure of enforcement, peer pressure has pushed countries to ratify the deal [Xinhua]
However, the world’s capital markets still do not fully incorporate climate factors when pricing assets and evaluating risk. In response, the Financial Stability Board setup a task force on climate disclosure headed by former New York mayor Michael Bloomberg. Only with better and consistent reporting will banks, pension funds – and individual investors – be able to understand how the transition to a low-carbon economy will impact investments.
In all, the total number of policy and regulatory measures to build a more sustainable financial system has more than doubled in the past five years. This is a key finding of a new report published by UN Environment. It cites that measures taken by finance ministries, central banks and regulators to promote sustainable finance have risen to 217 and now exist in nearly 60 countries.
These range from actions to steer finance towards clean energy through assessments of climate risk for insurance companies and on to roadmaps that set out how to green an entire financial system as China has just done.
These are all promising signs of positive momentum but the world’s financial architecture is still ill-equipped to deliver the necessary transformation. The national climate plans (INDCs) submitted by governments represent a real improvement on business-as-usual but do not yet provide the signals needed to steer capital towards global climate action.
So while it is true investors are starting to measure the carbon footprint of portfolios and increase exposure to green assets, only a tiny minority has introduced comprehensive climate strategies.
The financial system clearly needs to evolve further to price environmental risks, overcome short-termism and deliver greater transparency on climate performance. Making this happen, and happen with a sense of urgency, will require different players to put in place mutually reinforcing financial policies and regulations that support the Paris Agreement.
If we can get it right, private capital will respond and the trillions needed for transformation across countries will flow.
By Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change, and Agustín Carstens Governor of the Bank of Mexico
The views expressed in this article are the author's own and do not necessarily reflect the publisher's editorial policy
Angel: Obama extends national emergency against Iran
US President Barack Obama has extended the country’s national emergency with respect to Iran despite last year’s nuclear agreement with Tehran and the P5+1 to lift sanctions.
In a letter sent to Congress on Thursday, Obama told lawmakers that US relations with Iran have not returned to normal, and that it’s necessary to maintain the status quo.
"Our relations with Iran have not yet returned to normal, and the process of implementing the agreements with Iran, dated Jan. 19, 1981, is still under way," Obama wrote in the letter. "For this reason, I have determined that it is necessary to continue the national emergency ... with respect to Iran."
“The national emergency with respect to Iran that was declared in Executive Order 12170 of November 14, 1979, is to continue in effect beyond November 14, 2016,” he wrote.
The executive order means non-nuclear US sanctions against Iran will remain in effect for at least another year.
A state of emergency gives a US president extraordinary powers, including the ability to seize property, summon the National Guard and hire and fire military officers at will.
The state of emergency also forms the basis for most US sanctions against other countries.
Former US President Jimmy Carter signed two orders in 1979 and 1981, declaring a state of emergency with respect to Iran.
Tehran signed a nuclear deal with the P-5+1 group of countries that included the US in July 2015. The agreement stipulates that Washington end its nuclear-related anti-Iran sanctions.
However, months after the lifting of anti-Iran bans on paper, major foreign banks are wary of doing business with Iran, fearing they would violate restrictions on US banks and face penalties.
The Sedona Connection
A Look at What Might Transpire: Dave Schmidt 11-2-16
Dew7: With so many Wikileaks and info coming out against H ... There is quite a chance, IMO ... that Trump may win this. More so, because I believe God can intervene.
With that said, we have always heard from you that H will be there in the end. I am sure they were quite expecting the presidency in the end, but even their camp is quite shaken with the unveiling of the corruption..
So my question is, IYO, does this alter the "when" of the RI/RV in any way if Trump is to take the presidency? I know "she will be there in the end" wasn't saying presidency, but I am pretty certain they all thought that, so just wondering if "as the authors of the plan" there will be any effect to the monetary reform we are seeing. Thanks Dew7
Paris Climate Agreement Becomes International Law
By The Associated Press
UNITED NATIONS — Nov 4, 2016, 12:02 AM ET
The Paris Agreement to combat climate change becomes international law on Friday — a landmark that the United Nations says signals the beginning of a new chapter for humankind and demonstrates that countries are serious about addressing global warming.
So far, 96 countries, accounting for just over two thirds of the world's greenhouse gas emissions, have formally joined the accord which seeks limit global warming to 2 degrees Celsius (3.6 degrees Fahrenheit). Many more countries are expected to come aboard the coming weeks and months.
U.N. spokesman Stephane Dujarric said Secretary-General Ban Ki-moon plans to commemorate "this historic day for both the people and the planet" by holding a conversation on Friday with civil society organizations about how they can contribute to the objectives of the Paris agreement.