Millionday News 7/27/13
[millionday] ok i have an economic report i want to bring here we go
[millionday] Confirmed that the local market focus the world's attention New ambassadors of Britain, Australia, Japan willingness of their countries to invest in Iraq came during a reception and banquet action was brought by members of the public of the Association of private banks in Iraq in honor of ambassadors.
In his speech said British Ambassador Simon Coles said the future of Iraq is a very positive indicator that he has substantial resources can employed to achieve economic development in particular, and he enjoyed a growth rate of 9 percent, according to international estimates and reports.
Read More Link On Right
[millionday] He added that the companies and the major British banks have the desire to invest in Iraq because of the importance of the Iraqi market in many countries of the world and in answering a question (morning) for inhibitor for the companies to invest in the country,
said the circumstances experienced by Iraq made it's gray with him at most companies mission and raise concerns, but it needs to be an active role for the Iraqi private sector to change this image and promising to work together in order to encourage British companies and banks to come to Iraq.
[millionday] He noted that the embassy staff works hard to transfer the real picture to the British government for successful performance and quality of Iraqi banks and the possibility of investment and participation in, stressing his country's keenness and support to achieve reform and economic stability in Iraq.
Revealed the British ambassador about the intention of the embassy opening port in Arbil, Kurdistan to grant visa to Iraqis and the end of the month. The British Embassy has opened an outlet in Baghdad recently for the granting of visas for Iraqis to facilitate their travel after it was granted to them in Amman.
[millionday] this is very positive news and there is more we may get a clue from this and their country news so brb with more
[millionday] He expressed the British ambassador's willingness embassy to provide all facilities for the money men in Iraq in coordination with the Association of private banks in Iraq as the body representing the private sector.
Lama Ambassador of Japan Mpso Mo is the other gave a speech addressed the role of Japanese companies in the implementation of infrastructure projects in Iraq and many projects strategy.
[millionday] They noted that Japanese companies are willing to invest in Iraq, but are looking for a solid banking sector is able to provide its services and we are working on activating this aspect with the League at the moment.
Australian economic cooperation As expressed Ambassador Australia Lendl Sachs her country's desire to deepen economic cooperation with Iraq in various fields, especially in the field of various industries, which is famous for its Australia and that can be transferred to Iraq for the advancement of production, where it can be broad investment in this area, which has all the ingredients for success.
[millionday] note -- looks like something positive has happened with them back - there is more
[millionday] He was president of the Association of private banks in sweat Adnan Chalabi has made a detailed presentation about the nature of activities undertaken by private banks in Iraq and the size of big money hoping to strengthen cooperation and partnership with international banks to strengthen the financial capacity to accommodate the requirements of construction and reconstruction, investment and development in the country.
[millionday] The representative called the Association of the Economic Commission of the Council of Ministers Nawzad dry to the ambassadors in building bridges of cooperation between the Iraqi banks and banks of their countries after they admitted in their speeches potential large possessed by Iraq to contribute to the reconstruction and construction and investment in order to achieve economic development programs in the country.
Pointed out The Iraqi banks have solvency after raised their capital to implement the decision of the Central Bank of Iraq that contributes to the provision of banking services required for companies wishing to invest in Iraq and its willingness to participate as well.
[millionday] ?>>>>>>>>>>>>>>>>.. Pointed out The Iraqi banks have solvency after raised their capital to implement the decision of the Central Bank of Iraq that contributes to the provision of banking services required for companies wishing to invest in Iraq and its willingness to participate as well.
[ROBINREDHED] im invested
[millionday] me too!! raised capital – hmmm there is more -- smile
[millionday] As a member of the governing body of the Association of Wadih Handal has said in his speech during the ceremony that the private banks were able, in cooperation and coordination with the Iraqi Central Bank to stabilize the exchange rate of the dollar against the Iraqi dinar.
Said Handal ambassadors invited keenness of the private sector to support development programs through the implementation of measures and decisions of the Central stressing the power of the Iraqi dinar and sedate the local economy of what is owned by the Central Bank of the cash reserve is able to cover the needs of Iraq in all circumstances.
Promises ambassadors Took place after lengthy discussions between the ambassadors and representatives of banks on ways of cooperation and partnership truth for the advancement of the Iraqi economy emerged from the ambassadors promises to provide support and facilities necessary to activate the ties of cooperation with Iraq in general and the private sector in particular.
[millionday] wow -- so they are saying this
[millionday] with the interaction of the international banking community as we see here -- they are able to raise the dinar and stabilize the dinar through the application of the reform --- very nice -- huge speech for the citizens
[millionday] this is great news and seems very close for this to be a group speech in the support of the banking reform ect very nice -- big smile brb with more
[ROBINREDHED] very very
[millionday] what ya think red -- whoop whoooop in order ?
[ROBINREDHED] love it
[millionday] whooop whoop me too
[Fresh] ROBINREDHED millionday looks AWESOME!
[millionday] also without bringing the whole law
[millionday] i would like to tell you they have changed the amounts of the leave pay for governmental and professionals for iraqs and for international contractors
[millionday] the way it is stated though does not let us know if it is an annual calculation or for the whole three year leave time applied so i will do more research on it but ---- this is already printed
[millionday] brb with more and they changed another law oops regulation
[snowflake59] Millionday, when does the new amounts go into effect or do we know that?
[millionday] the pay for the widows has been changed to be applied as in the budget for this year
[millionday] very strange how they changed it as an amendment but the timing to me is very interesting and also how it is stated just to amended to the budgeted amount --
[millionday] the wording makes it a legal change but -- very strange they are hiding the amounts but
[snowflake59] ok, thanks
[millionday] if you look at many other issues such as this -- they tend to hide many officials pay and recipients ect [millionday] so just a side note – smile brb with more
[millionday] loved the report the international banks are there are stating they will support the monetary and banking reform love it brb
[ROBINREDHED] support it when????? now????
[millionday] they are on a podium announcing so it would seem very
[millionday] it seems as a great hurry
[hstrymknwmn] millionday is this the podium they were building?
[millionday] not sure --
[millionday] at the media center is what she means im just not sure and dont want to guess smile here is this on the budget for parliament ] lets look at this and i will show you some others so we can compare
[millionday] would love to get a clue from this -- And showed documents seen by the "morning" intercept and kept in the absence of the 214 deputies from voting on the budget of the House of Representatives in 2013, amounting to more than half a trillion dinars.
However, the Parliament voted preliminary approval after support 108 deputies only them, called a large number of MPs to declare their reservations on the size of the budget. Comes objections parliamentarians on the size of the funds allocated in the budget of the Council, in sync with the criticisms leveled by the religious authority last Friday, when expressed surprise at the size of allocations large House of Representatives. sparked details of the financial allocations for expenses Council operational for the year 2014,
[millionday] considerable debate among political circles and social development, especially after monitoring the Council 12 billion and 300 million dinars allocations hospitality, and 550 million allowances and travel expenses, and $ 250 million dinars for publishing and media and 100 million dinars to participate in the newspapers, and monitor the amount of three billion and 350 million dinars for the allocation and expenditure of IFAD, and $ 22 billion and 275 million dinars allocations exceptional did not indicate exactly what it is, as well as the allocation of $ 33 billion and 520 million dinars allocations livelihoods.
MP Mohammad Kayani between the "Center Brief for the Iraqi Media Network," said a vote on the budget of the Council, are preliminary, but not final, saying his vote "yes" come and according to the need of the legislative institution.
[millionday] goodness looks like ours -- ooops smile
[millionday] The House of Representatives had voted at its ninth meeting of the legislative term first legislative year fourth Monday the past eight laws notably balancing the House of Representatives in 2014.
and seen the "morning" on documents showing tables names of deputies voting in favor of the budget the House of Representatives, which amounted to 528 billion Iraqi dinars, and other documents indicating the names of deputies objectors on the budget parliamentary included buy bicycles and cars pregnancy, and clothing to the staff of the Council, as well as many other tabs included in the budget.
[millionday] The document recently that the House of Representatives voting to approve those budget numbered 108 deputies, with the reservation 24 deputies, and objected to 54 deputies, while the number of deputies absent from the session 136 deputies.
For his part, expressed his MP Kazem Al Shammari during his speech for "Center Brief for Media Network Iraq, "refusing to vote to approve the operating budget of the Council. Shammari stressed that the vote on the budget could open the door wide for the financial and administrative corruption.
[millionday] i would say it would look very much as corruption -- cars and bicycles? lets compare some other country budgets – brb this is the US of A
[millionday] The President’s Fiscal Year 2014 Budget demonstrates that we can make critical investments to strengthen the middle class, create jobs, and grow the economy while continuing to cut the deficit in a balanced way.
The President believes we must invest in the true engine of America’s economic growth – a rising and thriving middle class.
He is focused on addressing three fundamental questions: How do we attract more jobs to our shores? How do we equip our people with the skills needed to do the jobs of the 21st Century? How do we make sure hard work leads to a decent living? The Budget presents the President’s plan to address each of these questions.
[millionday] To make America once again a magnet for jobs, the Budget invests in high-tech manufacturing and innovation, clean energy, and infrastructure, while cutting red tape to help businesses grow.
To give workers the skills they need to compete in the global economy, it invests in education from pre-school to job training. To ensure hard work is rewarded, it raises the minimum wage to $9 an hour so a hard day’s work pays more.
[millionday] The Budget does all of these things as part of a comprehensive plan that reduces the deficit and puts the Nation on a sound fiscal course. Every new initiative in the plan is fully paid for, so they do not add a single dime to the deficit.
The Budget also incorporates the President’s compromise offer to House Speaker Boehner to achieve another $1.8 trillion in deficit reduction in a balanced way. When combined with the deficit reduction already achieved, this will allow us to exceed the goal of $4 trillion in deficit reduction, while growing the economy and strengthening the middle class.
By including this compromise proposal in the Budget, the President is demonstrating his willingness to make tough choices and his seriousness about finding common ground to further reduce the deficit.
[millionday] just had to bring that from the first page -- not the info from the stats i am bringing but thought it would make you smile [millionday] brb
[ROBINREDHED] it did
[millionday] lol here is something we can use to compare this is just homeland security here
[millionday] Provides $39 billion in discretionary funding for the Department of Homeland Security, a decrease of 1.5 percent, or $615 million, below the 2012 enacted level.
The Budget funds critical capital needs and continues a commitment to core homeland security functions, such as transportation security, cybersecurity, and border security.
Estimated savings of more than $1.3 billion are created by reducing administrative costs and streamlining professional services. To improve disaster preparedness, the Budget reforms homeland security grants by allocating resources based on risk reduction.
[millionday] department of defense
[millionday] Provides $526.6 billion in discretionary funding for the base budget of the Department of Defense, a decrease of $3.9 billion, or 0.7 percent, below the 2012 enacted level.
This level provides sufficient resources to carry out our national defense strategy. • Responsibly draws down our military presence in Afghanistan and supports the transition to full Afghan responsibility for their country’s own security.
[millionday] so as we see -- there is the whole amount in dollars as to what they have for dinars for parliament -- so cant imagine obviously it would be at the rate it is now
[millionday] just trying to find some things to use as some type of comparison
[ROBINREDHED] we get it
[millionday] but anyway -- thought it was going to be more interesting lol i know right – anyway lol
[millionday] so here is something fan tastico from one of our members dont miss a word
[millionday] Start delete actions 3 zeros from alamlha July 27, 2013 : Start delete actions 3 zeros from alamlha Baghdad, Iraq (CNN)--Iraq's parliamentary Finance Committee that the Central Bank, according to official correspondence, will start this year with three zeros deleted from the local currency, saying it will lead to the development of international economic and monetary transactions, in a new twist in the Iraqi currency, which suffered waves of inflation and exchange rates.
"The Iraqi media network," the official, a member of the Finance Committee, Abdul Hussein Al-yasiri, said that he would begin preparations for the deletion of three zeros from the local currency, adding that the local currency "will cut 4 billion to billion, which will make a smooth transfer currency".
Yaseri that the Finance Committee "supports the changes to the local currency because of the economic importance to the country." [millionday] is that more exciting red? smile
[cookie2] millionday I like it bunches!!
[wmawhite] millionday ...this is from CNN!!!
[millionday] whooop whoooop
[Godsalli/Jim] CNN ? LMAO
PART 2 CONTINUED