Post From Dinar Updates 2-27-16
Chat Room Excerpts & Highlights
Dinar Updates Saturday PM Chat 2-27-16 Part 2 of 2
tman23 says The Turkish Energy Ministry announced on Saturday (Feb.
27) that work has begun to repair the pipeline transferring crude oil from the Kurdistan Region to Turkey‘s Ceyhan Port, ten days after the oil flow was disrupted.
The ministry says the oil flow was stopped on February 17 due to security measures, accusing the Kurdistan Worker’s Party (PKK) of responsibility for damage to the pipeline.
The damage to the pipeline reportedly occurred on February 25 in the Idil district of Turkey’s Sirnak province.
According to Reuters, citing a statement by the Turkish Energy Ministry, a fire was avoided as the flow of crude oil had already been halted.
tman23 says Stopped on the 17th do to damage........ The damage reportedly occurred on the 25th...... LOL !! This all STINKS.......
tman23 says to mimi3 They have been doing monetary reform at the CBI since 2004....... And every report leads to the vision of lifting the 3 zeros and enetering the world economy........
The IMF says they will enter early 2016........ Right now they are contradicting every article and NOT "every other" article as they have in the past...... They are really being deceptive right now......and I say this because even their own government insiders are scratching their heads.....it's a secret they say !!??
mimi3 says to tman23 ok Thank you!!
rcookie says to Holly1 INT'L AUDITING.... As a first step to restructure these banks, the Ministry of Finance will, by end-February 2016, appoint international auditors to audit the latest financial statements of Rasheed Bank and Rafidain Bank according to international standards (structural benchmark, Table 2), in cooperation with the Executive Committee for the restructuring of these banks and the World Bank.
Holly1 says to rcookie yes music to the ears (y)
rcookie says to Holly1 BOULYAAAAAAAH!!!!
Holly1 says to rcookie awesome news ... everyone (y)
Holly1 says to rcookie you think BGG seen that :)
rcookie says to Holly1 THERES MORE....
rcookie says to Holly1 WHICH IS WHY THIS COULD NEVER HAVE HAPPENED AT ANY POINT IN THE PAST...WITHOUT THE LEGAL..JUDICIAL..POLITICAL REFORMS AND PROGRESS WE HAVE WITNESSED OVER PAST YEAR......
Holly1 says to rcookie what more can we say from that statement ...... we are very Blessed to be a part in Iraq investment (F)
Holly1 says to rcookie BAGHDAD - Imad Emirate Academic referred to the issue very important related to the concept of industrial investment, adding that investment is divided into three types, gross and net and substitution, net investment is equal to the total investment minus depreciation or investment substitution, and substitution to replace the so-called investment capital consumer.
He explained Dr. Qusay al-Jabri, Dean of the Faculty of Administration and Economics at the University of Mustansiriya it: economists in industrial investment definition is divided. Some of them know that he (spending on new factories and equipment capital, machinery, etc.), while others know that he (component of GDP elements) .
Holly1 says to rcookie Investment sections and draw Jabri that investment is divided into Thelalh sections are fixed project investment is the purchase of new plant and equipment by businesses, and residential investment, which is the purchase of new housing by families and owners of real estate, investment inventories , a rise in inventories of commodity to a company, and if dropped These cookies, investment Balkhozan investment is negative.
Jabri explained that there are multiple types of investment different from each other , a (real and financial investment, and domestic and foreign public and private investment), stressing that give confidence to the investor sponsor projects successfully. The concept of the
Holly1 says to rcookie investment climate , it is a modern concept arose in order to gather all affect investor and investment projects, so the concept of a large and complex to tangle its factors together,
and mention of the most important statement in the definition of the investment climate, according to the World Bank (the investment climate reflects the many factors spatial which constitute investment opportunities and incentives for companies), or is the
Holly1 says to rcookie investment climate for (political, institutional and regulatory operates companies) environment. He said al - Jabri said: Therefore , we find that the concept of investment is the concept of a dynamic and complex, and the definition of another investment climate , we say:
is all an influential factor in investor and outside his control , whether politically, economically or legally or socially. Influential factors explained Jabri out that there are a lot of factors affecting the psychological investor and therefore his behavior and the most important of tension such as the subordination of the investors themselves
Holly1 says to rcookie for (overconfidence and the impact of disposition), indicating that the tension arises for several reasons , including the lack of balance between the perception of one's what is needed in a given situation and its ability to meet those demands, moreover the inability to deal with the situation.
He explained: reactions behavioral they reflect low cope and deal with the situation skills, tension could lead investors to avoid certain situations, moreover, the tension reduces investor confidence to succeed in their business in the future, and thus hamper the proceedings in time presently existing inertia or stalemate
Holly1 says to rcookie among these investors. investment theories pointed Jabri to the existence of several theories to invest explain the factors that affect it, and the classical theory theories that focused on that investment is influenced mainly the basic interest rate,
explaining that there is an impact of the interest rate on investment but he does not represent the variable influential president in the investment, but the motivation to do the investment process is the expected profit for this process during the period of the continued
Holly1 says to rcookie existence of the new capital item, and therefore invest plenty of marginal capital stops, then came the accelerator investment theory to explain that the key factor for investment is the change in the output,
either the theory of internal assets, the capital stock is desirable and then investment depends on profits any sense available to the increase of internal assets through profit Supreme lead to new investments, so the investment is renewed profits, and finally modern traditional theory to the effect that the capital stock It is determined by the desired output and prices of capital services for the prices of output.
Holly1 says to rcookie 02/28/2016 (00:01 pm) Economists: billions of dinars from the state treasury drained by social protection network Baghdad / Ibrahim Ibrahim
Holly1 says to rcookie Confirmed the economy experts, on Saturday, that the treasury of the country drained during the previous years , billions of dinars through the network of social protection, calling for the restructuring of the joints of the Ministry of Labour and update its laws in line of the evolution in the world of human development.
The Ministry of Labour and Social Affairs, announced the setting a roadmap for an integrated system of social protection in collaboration with the
Holly1 says to rcookie World Bank, confirmed the increase of social protection network allocations to one trillion and 900 billion dinars, and pointed out that the integration of the pension fund and social security proposal led to a delay in legislation security Act.
the economist said Mustafa Mohamed Habib said in an interview for "term "," the social classification of the various segments of society system is lagging behind in Iraq for several reasons and realistic most important recurrent crises experienced by the country over the past four decades. "
He added that" the Ministry of Labour and social Affairs of digital and research institutions to find and address the social ills and not a banking institution distributed money without incorrect data recipients to the rules. " He said the beloved" the process of developing the country 's human resources are not through backward
Holly1 says to rcookie laws and regulations individually and rigid does not take into account the great development witnessed by the world in the field of human resources development for an important figure in the national product in most major countries. " He said the "waste of billions of dinars during the last 13 years by the money of the citizens and families distributed randomly without base incorrect information identifying groups in need of support from others."
The beloved that "financial and administrative corruption Information received through the media from time to time for network protection and the extent of financial embezzlement that went to the pockets of officials and members belonging to them makes it imperative for the government to
Holly1 says to rcookie restructure the joints of the ministry to focus the support process. " said Minister of labor and social Affairs Mohammad Xiaa Sudan, Wednesday (February 24 216), on the sidelines of the workshop held by the ministry in cooperation with the World Bank, in the Al - Rasheed Hotel , central Baghdad, and attended (range Press), "
The day was a workshop discussions between the Ministry of Labour and social Affairs and the body social protection held in collaboration with the World Bank and the presence of the national pension Commission and representatives of the Ministry of planning to view through which was approved by the ministry and mission of the World Bank map." He added Sudanese, that the "road map regarding Bstratejah social protection that the three components include social protection networks, and social security (public and
Holly1 says to rcookie private retirement) and labor market policies , " noting that " the ministry has worked on this map years ago." He said the Sudanese, that the "road map represents strategy towards the protection of social order comprehensive citizen guaranteed to be either within the social protection network , or the two pension funds in the public and private sector ,
or that includes the policies and programs of the labor market , which represents human investment , "adding that" the ministry has worked all of these things in 2016 tough in light of the weakness of the budget and appropriations. "
the Minister of Labour, that" the support of the World Bank is a technical support for the development of capacity, "pointing out that" the government has provided additional allocations for the social protection network is 600 billion dinars to become the total amount trillion and 900 billion dinars this will allow the ministry to expand the inclusion of as many as
Holly1 says to rcookie possible below the poverty line. " in response to a question by a reporter (range Press), about the reasons for delay in pension law , social security, the Sudanese explained," there is a proposal within this strategy and adopted by the Prime Minister to merge the pension fund in escrow social so that you can move from the private sector to the public sector and vice versa , "
stressing that" the aim of the move is to activate the private and the equality of sector privileges among workers in both sectors. " the Minister of Labour and social Affairs, that" the bill is still in the Council of State. "
it was Minister of Labour and social Affairs, Mohammed Shia 'Al Sudani, announced in the (third from September 2015), the adoption of a draft pension law and social security for workers , after some necessary amendments to the paragraphs, while the
Holly1 says to rcookie detection of sending the draft to the cabinet for approval, he stressed that there is a trend government for the integration of the two pension funds and warranty with the common retirement fund. in turn , an economist Uday Abdul Ameer Amer said in an interview for the "long", that "social welfare laws need to pack reforms minute address novel problems as a result of political and economic changes that have passed since the Iraqi society."
he added that the "reform is not distributing small amounts of cash does not exceed 200 thousand per month for a family of five people, but by the rehabilitation of community members and provide real jobs." said Amer said "human development profile ahead today to be an effective economic tool in the policy of the major powers, while the Iraqi government is successful until now in the distribution of grant
Holly1 says to rcookie recipients to steal corrupt. " the Committee on Labour and social Affairs parliamentary suggested, in the (second from September 2015), introduced a draft pension law and social security to parliament in November last, after the Ministry of Labour and submit its observations
Accordingly, while indicated that aims to ease the burden on government jobs, confirmed that it allows the possibility of self - employed get a pension minimum of 250 thousand dinars to secure their future. the advantages of pension law and social security for workers is optional escrow so that the employer is entitled to and categories of workers freelance inclusiveness branch retirement and benefit from the advantages present and future, and to ensure that
Holly1 says to rcookie workers in the informal sector groups, and the inclusion of roving guards and porters , vendors and other provisions of the new draft law, as well as broad support from the general budget of the pension Fund and social security to pay for the burdens of entry under the social welfare and implementation of the umbrella content of the international recommendation 204 for the year 2015 ,
which means the process of legal and technical transition from the informal to the formal economy, with increases or raising the level of women working to protect when pregnancy and childbirth and beyond , and to increase the duration of maternity leave to 14 weeks to implement the international Convention on the work 183 on maternity Protection.
rcookie says to Holly1 GREAT REPORT ABOUT THE BILLIONS OF DINARS DRAINED FROM STATE COFFERS FROM FAILED SOCIAL PROTECTION NETWORK PROGRAMS...
AND THEIR EFFORTS TO RESTRUCTURE MINISTRY OF LABOR AND RELEVANT LAWS TOWARD HUMAN DEVELOPMENT...IN COOPERATION & ASSISTANCE WITH WORLD BANK...
AND PLANS TO MERGE THE SOCIAL SECURITY AND PENSION FUND WHICH HAS RESULTED IN AN ANTIQUATED AND INEFFICIENT PROGRAM OVER LAST 4 DECADES...
LEADING TO DISFUNCTIONAL SYSTEM UNABLE TO VET RECIPIENTS IDENTITY..WHICH HAS CONTRIBUTED TO ERRONEOUS PAYMENTS ...FINANCIAL MISAPPROPRIATIONS...WASTE OF STATE FUNDS...
AND LOOK TO STABILIZATION PLAN IN 3 AREAS..
1) SOCIAL PROTECTION NETWORK..
3) LABOR MARKET POLICIES...
AND INCREASED BUDGET ALLOCATION FOR 2016 TO FUND THIS PLAN...
AND ACTIVATE CONCESSIONS AND COEXISTANCE BETWEEN PUBLIC & PRIVATE SECTORS...