"Shanghai favourite for Brics development bank headquarters"
 "The Brics will pool an initial $50bn (£29bn) in the bank, with each country contributing an equal amount, and seek to gain international influence by offering developing nations alternative financing to the World Bank and International Monetary Fund (IMF), which have long been dominated by the US and Europe
The Brics will also set up a $100bn (£59bn) contingency reserve fund as an alternative to the IMF. It could start operating by next year to help any of its members if they were hit by an exodus of foreign capital"
"Many of the bank's rules of operation, such as investment in private projects, will be decided after its formal creation at the summit in the Brazilian city of Fortaleza. The bank is expected to make its first loan in 2016."
. "The Brics group is at the forefront of a growing chorus of emerging and developed nations that complain the IMF and World Bank impose belt-tightening policies in exchange for loans while giving them little say in deciding terms.
The proposed New Development Bank and the reserves fund are a response to failed attempts to increase the Brics' influence within the IMF, which lies at the centre of the post-second world war Bretton Woods monetary order created by the US and Europe."
[ByGrace] Federal Reserve chair Janet Yellen is set to speak at 10 a.m. ET before the Senate Banking Committee as part of her semi-annual monetary policy testimony. Watch it live on FOXBusiness.com. Watch online: http://video.foxnews.com/v/2553193403001/#sp=watch-live
Poppy3 THE NEWS IS WILD TODAY AND TONS OF IT FROM ALL THE MEETINGS SINCE THEY ADJOURNED SUNDAYS MEETING ENDED WITH NO OFFICIAL PROGRESS. TOMORROW [TUESDAY] THINGS ARE SAID TO BE READY TO GO FOR A FINISH. THEY ARE SAYING THE MEETINGS HAVE PRODUCED THREE SOLID CANDIDATES THEY HAVE ALL AGREED ON AND MALIKI ISN'T ONE OF THEM AND HE HAS NO VOTE. HIS OWN BLOC APPEARS TO HAVE PARTED WAYS WITH HIM AND WILL SUPPORT SOMEONE ELSE. ...I AM GETTING EXCITED AGAIN. I CAN SEE AN END TO THIS.
wmawhite [Do you believe no RV with M [Maliki] around?] We can only go on what the CBI has stated and if the translation is correct, Turki made reference to when the government is decided and that is open to translation. Does anyone really think that Iraq is going to keep to value of the IQD at 1166 when they are going to be the richest country in the region? So if you believe they will or they need to increase the value of the IQD, does it matter to the CBI who is the PM? I don't think so, just my Opinion.
It may very well be that the Board of Directors of the CBI are waiting for the formation of the government regardless of who is the PM. Have you noticed that the CBI has continued with the reforms of the banking system...they do not sit still. Besides my thoughts/opinions about the CBI...I too believe that the different blocs will not agree to a government if Maliki is still there. I believe an all inclusive GOI is in their future. [I think/hope that they are ready... get Turki a GOI and he will give us the RV.] Agreed.
daz: i just saw jabouri announced on cnn...
fwiw 8:14 am daz: it was about a 30 second piece but said jabouri was important because he was sunni..cnn said the pm was yet to be settled 8:15 am
daz: the speaker must be set first so that he can name the pm
Topic: Let him that would move the world first move himself. Socrates
The end of the voting process on the speaker and his deputies LINK
A parliamentary source: 43 deputies joined the voting session now . LINK
Maliki leaves the parliament session at the request of one of the House of Representatives LINK
Iran announces the start of gas exports to Iraq after the end of the crisis, "Daash" LINK
Iran advises al-Maliki to abandon the third term " LINK
Studmuffin] (*)Breaking News … Jobouri nominated as parliament Speaker . LINK
[Studmuffin] House of Representatives chooses the president, Salim al him LINK
[Colorado] As pointed out above: Urgent – Iraq elects new parliament speaker, Saleem al-Jobouri
[Colorado] Baghdad (IraqiNews.com) The parliament voted on Saleem al-Jobouri, as its Speaker. Jobouri has got 194 votes, whereas Ishraq al-Abaichi, who was nominated for the same post has got 19 votes. /End/
[Colorado] Baghdad The parliament continued its secret session to nominate its Speakership.…
Gearhead » July 15th, 2014, Officially .. Salim al-President of the Parliament http://www.ahraraliraq.com/index.php?page=article&id=32738
Gearhead » July 15th, 2014, Urgent .. Jubouri receives congratulations from political parties to win the post of parliament speaker
Gearhead » July 15th, 2014, Finance Minister calls for a vote on the budget
By Adminsa 7/15/2014 01:27 Brother - Baghdad
Called on the Minister of Finance Agency purity of net debt, the House of Representatives to speed up the selection of the President of the Parliament in order to begin to discuss and approve the budget.
Safi said in a statement seen by the Agency for News News (et) that "there are a lot of tasks arising from the House of Representatives, so it must be to speed up the selection of the speaker and his two deputies."
We hope resolve the issue of the parliament speaker at today's meeting, to begin to discuss and approve the budget." http://khabaar.net/index.php/permalink/24971.html
jdtolle » July 15th, 2014, Feel life getting better
Are your feelings held hostage by an uncaring, unpredictable world? They don’t have to be.
Are you joyful only when certain things happen, and sad when other things happen? There is a much better way.
Yes, negative things will happen and it is natural to be disappointed by them. Wonderful things will happen, and it is great to express joy.
But you don’t have to let the negative things keep you down. And you don’t have to hope or wait or beg for the good things in order to be joyful.
You can feel the way you choose to feel, no matter what may be going on around you. That doesn’t mean you are uncaring, but rather that you are intentional in the way you care.