Thunderhawk » August 2nd, 2015, 10:15 pm
11 Financial Events As We Enter The Month Of August 2015
#1 Puerto Rico is going to default on a 58 million dollar debt payment that is due on Saturday. Even though this has serious implications for the U.S. financial system, Barack Obama has said that there will be no bailout for “America’s Greece”.
#2 As James Bailey has pointed out, the most important trendline for the S&P 500 has finally been broken after holding up for six years. This is a critical technical signal that will likely motivate a significant number of investors to sell off their holdings in the weeks ahead.
#3 The IMF is indicating that it will not take part in the new Greek debt deal. As a result, the whole thing may completely fall apart…
Leaked minutes of the fund’s latest board meeting, which took place on Wednesday, showed staff “cannot reach agreement at this stage” on whether to take part in the new €86bn (£60bn) bailout for Greece.
The document said there were doubts over the capacity of the Athens Government to implement economic reforms, as well as the over the sustainability of the country’s sovereign debt pile, which is now projected to hit 200 percent of GDP.
The German Chancellor, Angela Merkel, only sanctioned a new Greek deal earlier this month on the condition that the IMF takes part.
#4 Italy is going down the exact same path as Greece, but Italy is going to be a much larger problem for Europe because it has a far, far larger economy. This week, we learned that youth unemployment in Italy has reached a 38-year high of 44 percent, and Italy’s debt to GDP ratio has now hit 135 percent.
#5 The Canadian economy has officially entered a new recession. This is something that was not supposed to happen.
#6 The price of oil plummeted close to 20 percent during the month of July. It was the worst month for the price of oil that we have seen since October 2008, which just happened to be during the height of the last financial crisis.
#7 Commodities just had their worst month in almost four years. As I have written about previously, we witnessed a collapse in commodity prices just before the stock market crash of 2008 too.
#8 Thanks to EPA requirements set by the govt. , the U.S. coal industry is imploding, and some of the largest coal producers in the entire country have just announced that they are declaring bankruptcy…
On Thursday, Bloomberg reported that the biggest American producer of coking coal, Alpha Natural Resources, could file for bankruptcy as soon as Monday.
Competitor Walter Energy filed for bankruptcy earlier this month, and several others have done the same this year.
#9 For the month of July, the Shanghai Composite Index was down 13.4 percent. Despite unprecedented government intervention to prop up the market, it was the worst month for Chinese stocks since October 2009.
#10 A major red flag that a recession in the United States is fast approaching is the fact that Exxon Mobile just announced their worst earnings for a single quarter since 2009. Compared to the same time period one year ago, Exxon Mobile’s earnings were down 51 percent.
#11 Chevron is another oil giant that has seen earnings plunge. In the second quarter of this year, Chevron’s earnings were down an eye-popping 90 percent from a year ago.
ZOCHOWSKI : MORNING "THUNDERHAWK"
WOW, WITH THESE "11" BULLET POINTS DOES LOOK LIKE "THEY THAT BE" ARE GONNA SIT TIGHT UNTIL A COLLAPSE DOES HAPPEN............
WHAT BETTER WAY TO INSURE MAJOR LOSSES FIRST TO THEN SHORE UP WITH AN MAJOR SHOT TO THE GLOBAL ECONOMY..............
WHICH ALSO HAPPENS TO BE THE MOST TURBULENT "MONTH" IN STOCKS/FINANCIALS............IMO, OF COURSE............
ANYWAY, GOOD POINTS..............
LOL, MAKES FOR SOME GREAT POINTS TO THINK BOUT FOR THE DAY, AS WE HAVE JUST HIT ANOTHER 30 DAYS FROM 4TH/JULY................STILL PAYING FOR A RIDE WITH NO END IN SIGHT, LMAO.......
SARCASM????????? NOT AT ALL, LOL, THINGS THAT MAKE YOU GO HUMMMM.........
Walkingstick » August 2nd, 2015, 9:22 pm
Cabinet agrees with the completion of the transfer of powers 15 provinces within three months
Sun 02 Aug 2015 twenty-eight past six p.m. | (Voice of Iraq) - Dhi Qar announced the governor of Dhi Qar, Yahya Mohammed Baqir al-Nasseri, Sunday, in an agreement between the local governments in the governorates not organized into a Region and the Council of Ministers to complete the transfer of powers from the federal ministries measures within a time limit Set three months, and among the transfer of powers will be gradual, he referred to support the Council of Ministers to the demands of the provinces.
He said Yahya Mohammed Baqir al-Nasseri told a news briefing after attending the coordination meeting held on Saturday, and chaired by the Prime Minister Haider al-Abadi received (range Press) a copy of it, that "coordination meeting discussed the completion of the transfer of powers from the federal ministries to local governments in the governorates not organized province of mechanism," noting that "the meeting resulted in the identification timeframe for the completion of the transfer of powers standing three months."
He said the governor of Dhi Qar, that "transfer the powers of the eight ministries provided by the law 21 will be gradually and within the time limit set by the coordination meeting. " He said the Nazarene that "local governments confirmed during the coordination meeting its commitment to the transfer of powers in accordance with the legal framework established by the governorates not organized law province that," stressing that "Council of Ministers expressed full support to the demands of the provinces in this regard." He expressed the Nazarene "I hope that made the transfer of powers process properly and fast do not cause overwhelm the interests of citizens or affect the administrative work in the provinces and ministries concerned."
The coordination meeting of the provinces unregulated province may held on Saturday, at the conference room in the Council of Ministers headed by Prime Minister Haider al-Abadi and the presence of eight ministers as well as governors and heads of provincial councils in 15 governorates irregular province.
He was the governor of Dhi Qar, it revealed on Thursday (July 3, 2015), for a formal meeting under the chairmanship of Prime Minister Haider al-Abadi on Saturday and another meeting with the President of the House of Representatives on Sunday, in Baghdad in order to complete the transfer of powers to the provinces procedures, and had been expecting moved on schedule in the fifth month of August next,
affirmed the support of the provincial council of the local government. mentions Article (45) of the second amendment to the law of governorates not organized in the territory of Law No. (21) of 2008 voted by the Parliament in its meeting held in the (23 June 2013), states that "A commission named (the supreme body for coordination between the provinces) headed by the Prime Minister,
and the membership of Ministers (Municipalities and Public Works, and Construction and Housing, labor and social affairs, education, health, planning, agriculture, finance, sports and youth) and Minister of State for Provincial Affairs, governors and heads of provincial councils take "transfer sub-circuits and devices, jobs and services and disciplines practiced by those ministries with allocated public budget and staff and workers allocations, to the provinces within the scope of its functions set out in the Constitution and relevant laws gradually and within a time limit not exceeding two years and remains the role of ministries in the planning of public policy. Add Comment
Read more: http://sotaliraq.com/mobile-news.php?id=212381#ixzz3hi8ldYSz
Abadi confirms the government's commitment to the transfer of powers to the provinces
02/08/2015 03:11 |
Direction Press / Agencies
Supreme Commission for coordination between the governorates not organized province, a meeting chaired by Prime Minister Haider al-Abadi and the presence of ministers, governors and heads of provincial councils was held.
It was agreed that it accomplishes body its gradually as of the effective date of the law and the movement of some powers immediately and others within six months and again during the year and more and define the powers of movement within the powers of the federal ministries and set the mechanism of transfer functions by decision of the Council of Ministers and in coordination with the Supreme Commission for coordination between the provinces non-performing province.
He said Haider al-Abadi, according to a statement his office had seen "direction Press" on Sunday, the government's commitment to the transfer of powers to the provinces in an orderly fashion, calling on the Conservatives to cooperate and move away from the wrestle and compete with other provinces.
He said al-Abbadi in his speech that the country is going through many challenges in the area of services, the economy and financial liquidity security and fighting a serious war with terrorist gangs hiding between citizens and fight him in many of the pieces and achieve victories him and this war is draining our economy and our money and we need to strike a balance between the provision of services and provide security.
He added: We have inherited a difficult situation in the field of electricity, water, schools and services and in other areas in addition to security and cooperation on the Conservative and not wrestle and commitment to their provinces prescribed quotas and not to encroach upon the rights of other provinces.
He said the demonstrations, which came out Friday warning us that there is a problem and the defect must work in order to be treated, noting that pretend right guaranteed by the Constitution and salute the commitment of came out to protest and security men, indicating that the charge must be for all Iraqis and its role is not to incite the masses but responds to their demands.
And between the prime minister said the reduction of the salaries of officials step in the right direction and some believe that what is provided is a large amount of the reduction for the budget but we feel that this is important in order to achieve social solidarity.
He said Haider al-Abadi said total oil imports for the first half of this year up to 23 trillion dinars and total salaries 21 trillion dinars and we have a war with terror require not only salaries but also weapons and ammunition, noting that the lack of money leads to crime, large sums of money, but we will deal with this crime in all its packages and cruelty unchanged if terrorism for the security of the citizen.
The prime minister said there is pumping money to stir dilemmas and incitement via satellite, owned by some politicians and call to be revealed receivables politicians as a whole and not just officials.
(Et al) published recommendations of the Special Parliamentary provinces to transfer the powers of the provinces
By Mohammed Emad 2.8.2015 5:42 |
Brother - Baghdad
Committee recommended the regional and provincial parliamentary "Presidency of the Council of Ministers to notify the concerned ministers decoding its sub-district and working in the provinces, according to Article 45 of the provinces is associated with the law in the territory of No. 21 for the year 2008 average , the powers transferred to the province. "
The Committee of the Regions and the provinces by Mahmoud Reda Amin told a news conference in the House of Representatives in the presence of a number of members of the committee and attended by the correspondent for News Agency (et) that his committee and in the presence of the Presidency, ministers, governors and heads of the provinces came out with recommendations for the transfer of the powers of the competent ministries to the provinces, stressing the High Authority coordination between the provinces to fulfill its mandate and set forth above article, considering that the legislation contained therein are complementary to the terms of reference of the provinces and within a certain validity to the administrative decentralization in order to complete the legislative system for the governorates.
He called for the transfer of the powers of the competent minister, which was practiced by the sub-district transmitted according to the law No. 19 of 2013 to the competent Governor or the President of the branch circuit, indicating that the circuit will be transferred under the supervision of the competent governor and provincial council shall exercise the legal powers it as it comes to him.
And Aaudhav that among the recommendations continuation of the ministries concerned to develop the capabilities and skills of workers in the sub-district movable and providing them with information that will continued regularity of their work, adding that the conferees called for the House to issue a statement confirming to decipher the relevant departments of the ministries after 8.5.2015 and attached to the governorates working in it .
"The mandate of the Committee of the Regions and governorates not organized in a region to follow up the implementation of these recommendations."
JDTolle » August 3rd, 2015, Commitment matters
Put your mind to it. And while you’re at it, put your fingers, toes, arms, legs, eyes, mouth and heart into it.
If there’s something you wish to make happen, put your whole self into making it happen. And it is very likely to occur.
Yes, it will take a good bit or work and yes, there will be ups and downs, setbacks and disappointments. That’s precisely why you must commit the whole of yourself to the endeavor.
No, you can’t achieve the impossible, yet there are a whole lot of wonderful, possible things you absolutely can achieve. And all sorts of things that were once considered impossible have a way of becoming possible with enough effort and dedication.
Put your mind to it, and everything else. Put your passion, imagination, creativity, love and sweat into it.
Commitment matters, and you can feel its power course through every part of your being. Commitment matters, and with it you can change your world.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. So is cheerfulness, or a good temper, the more it is spent, the more remains.
-- Ralph Waldo Emerson