Early Friday Morning:
Freedom : Russia offers military aid to Iraq during PM visit
MOSCOW | BY Denis Dyomkin
Russian President Vladimir Putin (R) shakes hands with Iraqi Prime Minister Haider al-Abadi during their meeting at the Kremlin in Moscow, Russia, May 21, 2015.
Russia offered visiting Iraqi Prime Minister Haidar al-Abadi military and other aid on Thursday to help push back Islamic State militants who have made further sweeping gains in both Iraq and Syria this week.
The advances by IS, which captured the Iraqi city of Ramadi last weekend and on Thursday was tightening its grip on the historic city of Palmyra in neighboring Syria, have exposed the shortcomings of Iraq's army and the limitations of U.S. air strikes.
In going ahead with his visit to Moscow despite the worsening security crisis, Abadi said he had wanted to underline the importance of his country's ties with Russia, adding that he had disregarded "certain forces" advising him to cancel the trip.
"We are expanding cooperation in the area of military technology," Russian President Vladimir Putin said at the start of talks with Abadi in the Kremlin, hailing Iraq as an "old and reliable partner in the region".
"Our relations are developing very successfully ... Our companies are working in your country and we are talking of investments in the order of billions of dollars," Putin added, without elaborating.
Russian companies were involved in the Iraqi economy for decades during the rule of Saddam Hussein and strongly opposed the U.S.-led invasion of Iraq in 2003 which ousted the dictator and ushered in a prolonged period of turmoil.
Earlier on Thursday, Russian Foreign Minister Sergei Lavrov said Moscow would make every effort to help Iraq defeat Islamic State, whose capture of Ramadi last weekend was the most significant setback for the Baghdad government in a year.
"We are focused on developing ties in all spheres, including military-technical cooperation, economic cooperation and cooperation in the oil and gas sector," Abadi said.
Weak global oil prices have prompted Russia to seek closer ties with the Organization of the Petroleum Exporting Countries (OPEC), of which Iraq is a member.
Russia, one of the world's biggest non-OPEC oil producers, is scheduled to hold consultations with the group ahead of an OPEC policy-making meeting in Vienna next month.
Ranger4564 > Freedom May 22, 2015 at 7:25am There we go. Freedom from US / Cabal oppression. Iraq has finally secured Russian military intervention to prevent further US led ISIS or other terror group insurgencies. Now, China should join in also, so it becomes a more international force to oppose these terrorists.
Freedom > Ranger4564 May 22, 2015 at 7:57am Good Friday Morning!!..Yes Indeed Ranger!!!..Go Go Abadi Shake them Shackles loose..Thump & Dump the Oppression Crowd & Get this Show on the Road!!
Freedom: May 22, 2015 at 5:36am
Markets | Fri May 22, 2015 5:11am EDT
China, India likely to be biggest shareholders in AIIB
SINGAPORE REUTERS/TAKAKI YAJIMA/POOL/FILES
China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.
AIIB said in a statement that it expected to be operational by the end of the year. It said the meeting in Singapore finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details. (bit.ly/1FrydwQ)
No details of the ownership structure were disclosed, but delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the second-largest shareholder.
China's share in the $100 billion lender would be less than 30 percent, an Asian delegate told Reuters. A second delegate said India's share would be between 10 and 15 percent. Both spoke on condition of anonymity.
In all, Asian countries are expected to own between 72 and 75 percent of the bank, while European and other nations will own the rest.
Another delegate said each country representative would take the proposals back to their governments for a final decision.
Some were skeptical of the timeline for the bank to start running, as each member will need to obtain cabinet and legislative approvals at home.
"It is uncertain if we can start from early next year," said one of the delegates.
"China hopes that members will get such approvals by year-end and the operations start from the next year. But I wonder if it is possible, given domestic political situations in each country."
A total of 57 countries have joined AIIB as its prospective founding members, throwing together countries as diverse as Iran, Israel, Britain and Laos.
The United States and Japan have stayed out of the institution, seen as a rival to the U.S.-dominated World Bank and Japan-led Asian Development Bank, citing concerns about transparency and governance, although Tokyo for one is keeping its options open.
AIIB's launch is coming at a time when the space for infrastructure lending is already crowded due to the presence of major multilateral lenders and Japan's latest move to provide $110 billion for Asian infrastructure projects.
The amount of Japanese funds, to be invested over five years, tops the expected $100 billion capitalization of the AIIB.
Jahangir Aziz, head of emerging market Asia economics at JPMorgan, said spending on infrastructure was a great idea on paper, but it was unclear how the AIIB or the New Development Bank, a lender promoted by China and other members of the BRICS group of nations, would be structured.
"We will have to wait for the actual structure of governance before we can see how successful these (institutions) will turn out to be," he said. "The proof of the pudding will be in the eating."
Late Thursday Night:
Q: [I don't feel hopeful for soon tell me I am wrong please!]
BGG You're wrong...there is way to much missing info for us to be able to make perfectly accurate assessments - one way or the other. we're in a good investment...that is enough.
tman23 ...I am so focused on the INVESTMENT LAW...Which I expect to be brought to vote MONDAY the 25th of May. They are timing this Law with intentional delay.
[Pam D. ] It's eerily quiet in Dinar Land........ and I hope that is a great thing LOL
Rrrr: Post RV, For all the doubters who laughed at us, Counselling will be available through my “Who’s Crazy Now” Foundation. I will set up offices around the country. Sessions will be focused around a comfortable couch…. A grossly enlarged picture of their emails, stating things like ”Are You Crazy”, “Have You Lost your Mind”, and “How much money have you thrown away on this Scam?” I will offer tons of smiles….and complete silence… then give them a 1st class ticket tooo … Any ideas?
FrostyTheSnowman » May 22nd, 2015, 12:00 am
Family ... do you remember the one conference call that Frank did ... and he asked everyone to post their opinion as to WHO would be there at the end ... to more or less take a "victory lap" concerning the MR?
My opinion was that the UN would make a series of appearances.
Smile for the camera Mr Ki-moon ... it's show time for Vietnamn too!
Frank26: Yes FROSTY as Nam looks into the mirror that Iraq hold they ask:
Mirror Mirror on the wall ........ Who's the fairest of them all?
Sweet Guava Jelly Aloha Dreams my Beautiful KTFA Family. KTFA Frank
ThunderHawk : UN head Ban Ki-moon arrives in Viet Nam
HA NOI (VNS) — General Secretary of the United Nations Ban Ki-moon will visit Viet Nam for two days from today. It will be his second visit since he took office in 2007.
The visit is designed to increase the effectiveness of UN aid in implementing the post-2015 Development Agenda, particularly in mitigating the impacts of climate change.
The relationship between Viet Nam and the UN has been expanded and deepened over the years and leaders from both sides have had frequent contact.
Since becoming a member of the UN in 1977, Viet Nam has made practical contributions to the world organisation'ss activities in many fields, most noticeably completing its role as a non-permanent member of the UN Security Council in 2008-09.
The country is also a member of the UN Human Rights Council and is participating in the UN's peacekeeping activities and its reform initiatives.
The "One-UN Initiative" in Viet Nam is the first of its kind implemented by the UN worldwide.
Established in October 24, 1945, with the initial 51 members, the UN now has 193 member countries. — VNS