5/3/14 NewsTime with Millionday Part 1
Welcome To Saturday Night News Time With Millionday
[millionday] Dear Lord Thank you for so many blessings and all of those to come -- we ask you watch over those of us that are in need of your healing and help those that are with their loved ones -- thank you for your healing we have witnessed and all that you do for us all – amen
[millionday] thank you for all the hard work you do here mods -- great job all the time -- you are appreciated !! smile
[millionday] rudie is on vacation for the week so robin is here by herself getting you and copying so have patience for our pro -- such a great group of people -- what a blessing to take the rest of this ride with all of these great people smile
[millionday] welcome all that have come in muaahh!! ready robin
[millionday] smile - ok brb with news good to see everyone --here we go
[ROBINREDHED] ok ...........................
[millionday] let me say this - tomorrow parliament is having an emergency meeting that is to put the budget through now we have this report already
[ROBINREDHED] millionday what? cool
[millionday] they are meeting first thing in morn to vote through budget whooopow
[millionday] now look at this -- Reveal First Deputy Chairman of the House of Representatives Qusay al-Suhail, Saturday, that the presidency of the parliament intends to make an appointment during the next two days for a meeting with the heads of political blocs in order to resume the discussion of the draft federal budget and passed.
[millionday] note --- this is to discuss the formed budget !!
[Richard Incrocci] Saweeeeet
[millionday] note -- as we know -- we have multiple points coming out but --- budget is going and agreement is made
[millionday] Said Suhail for "tomorrow's Press," said that "the quartet formed by the House of Representatives to consider the issue of the budget did not reach a positive result at the insistence of the Kurds to postpone discussion of the differences on the federal budget until after the elections,"
pointing out that "the Presidency of the Council of Representatives will be determined through the next two days meeting of the heads of political blocs to discuss the draft federal budget in order to pass
[millionday] note -- the quartet failed -- and they met and reached an agreement anyway
[millionday] He added that "the main points of contention that hindered the progress of negotiations between the federal government and Erbil is the issue of the export of oil after Baghdad demanded that the Kurdistan exports by 400 000 barrels per day.
[millionday] It is noteworthy that the Presidency of the Council of Representatives has decided to extend the work of the Council for one month until the fifteenth of June. It is noteworthy that the state budget for the current year did not acknowledge until now since the government sent nearly two months ago to the House of Representatives
[millionday] now i know i have personally told you that they dont have to have the budget in place to set the rates -- that is true -- however -- what they have planned is more important -- in other words -- what they think or are doing is what we care about -- obviously they waited until after the elections to pass it through -- and CBI stated that no money was moving until budget in place
[millionday] things that make you go ---hmmmm coincidence or memorex? smile
[millionday] end of report robin
[Richard Incrocci] ???
[ROBINREDHED] Richard Incrocci go
[Richard Incrocci] Am I reading it correctly that the budget WILL be passed tomorrow?
[Richard Incrocci] If so and the CBI is not making any moves until the budget is in place, then realistically how short of a time frame can we be looking at to see a rate change?
[millionday] they have reached the agreement on all issues and have stated that they are meeting to pass it
[millionday] when the budget passes the projects will begin and transfers to all provinces will take place and they will be able to begin all planned projects that are being funded by Iraq
[ROBINREDHED] jtank go
[jtank] the kurds will settle later, and I think they cannot produce that quota- old equipment?
[millionday] jtank thy have multiple projects themselves for improvments and also international companies there for that very reason -- the refineries there will be huge due to the lack of updates on the globe for refining
[millionday] welcome all that have come in
[millionday] how they have agreed has not been made clear right now but we will see it
[ROBINREDHED] kenster go
[kenster] With budget being passed. CBI beginning to move money. Do you think they will move with the new rate and with the Global stock exchange happening on the 15th of this month don't they have to have a reality rate to present the ISX TO the conference ?
[millionday] they have to have a reality rate to release the isx -- no doubt about that ---- the issue of what the value is and how and when they will proceed we do not have in ink
[millionday] but i have some things to show you in a munte that will help
[millionday] in ink
[kenster] Thank you
[ROBINREDHED] amose02 go
[amose02] It seems like from reading this that they are still discussing the budget. (I'm not very good at understanding the translation😏. Don't the Kurds still want their 17%?
[millionday] yes they do -- they have not had an issue with that -- they have had an issue with a set amount of the total Iraq is obligating to produce for just them -- they have wanted to have just the total amount being part of that total -- not seperated
[amose02] Ok. Thx
[millionday] how they reached the agreement now has not been released as of yet -- just that they have agreed and are hurying to get it in ink
[ROBINREDHED] ok, next
[millionday] To achieve global implementation of the FATF Recommendations, the FATF relies on a strong global network of FATF-Style Regional Bodies (FSRBs), in addition to its own 36 members.
The eight FSRBs have an essential role in promoting the effective implementation of the FATF Recommendations by their membership and in providing expertise and input in FATF policy-making.
Over 180 jurisdictions around the world have commited to the FATF Recommendations through the global network of FSRBs and FATF memberships.
[millionday] now let me tell you this Iraq shows as they are a member now and when you go to their page it says ------"COMING SOON" smile
[millionday] this is the organization that requires all rules set for terrorism being funded and all laws that have to do with money laundering etc
[millionday] they started getting these in place in 2013 --- and some before -- but they are meeting with Iraq in Iraq in May of 2014 that is ----------THIS MONTH
[millionday] end of report robin
[ROBINREDHED] sliderule go
[sliderule] what does FATF stand for
[millionday] see the middle eastern section of it shows like this
[millionday] About MENAFATF: About MENAFATF Recognizing the threat posed by Money Laundering and Terrorist Financing to countries in the Middle East and North Africa Region ("MENA Region”),
Considering that this threat can only be effectively tackled by co‑operation between countries within the MENA Region, Recalling measures taken by the United Nations with regard to countering ML/TF,
Recognizing the Financial Action Task Force ("FATF") 40 Recommendations on AML and the Special 9 Recommendations on CFT as the worldwide-accepted international standards for AML/CFT;