Post From Wealthwatch.world Chat Room 11-18-15
News With Links & Discussion
Wealthwatch Wednesday Night Chat 11-18-15 Part 1 of 2
TxBrand: Sajad Jiyad Retweeted IraqiEmbassyUSA @IraqiEmbassyUSA · 55m55 minutes ago Iraq signs ICSID Convention providing substantial legal protections for foreign investors www.iraqiembassy.us/artic...
Doug_W: git er dun Iraq
: Iraq has become the 160th country to sign the Convention and the 152nd country to become a member of the International Centre Settlement of Investment Disputes (ICSID). The ICSID Convention encourages the flow of investment across borders by providing substantial legal protections for foreign investors.
Doug_W: I hope it wasn't sighed by maliki Tx
TxBrand: The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al-Araji, today signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention).
TxBrand: Iraq Live Update @IraqLiveUpdate · 59m59 minutes ago Badr leader Ameri held an 'important' meeting with AAH leader Khazali in #Baghdad to discuss Kirkuk, statement said
TxBrand: Bloom Properties delays plan for homes in Iraq www.thenational.ae/busine...
chattels: Parliamment is in session tomorrow and discussion of the 2016 budget continues - there is no vote on the budget for tomorrow contrary to the day's moronic post. Another misread by " XXXX ".
chattels: Parliament will vote tomorrow on the ban Daash sites and discusses the budget in 2016 : wealthwatch.world/showthr...
chattels: " .......... hold the House of Representatives, on Thursday, to a vote and the reading of a number of laws including the 2016 budget."
chattels: " It includes the agenda, according to a statement of the Council "vote on the decision to ban terrorist Daash sites in all webs and sites inciting or paved or glorified or promoter or justifying the crimes of terrorist, and vote on the draft Martyrs Foundation law."
It also includes "vote on the draft first amendment to the law of compensation law affected by the military operations and military errors and terrorist operations, and the report of the Committee on Economy and Investment and the discussion of the draft general budget of the Federal Republic of Iraq for fiscal year 2016. "
chattels: " .......... and the discussion of the draft general budget of the Federal Republic of Iraq for fiscal year 2016. "
Sam: good evening doing a drive by and I see it is the time of the year to go thru "one" more budget time
chattels: Discussions, meetings and amendments of the budget are continuing and the Finance Committee is scheduled to meet as late as Sunday to discuss various issues as revealed in another article posted yesterday.
chattels: The source said the company is working in the trade of goods told Reuters: "It's the first Kurdish supply up to northern Europe." Announced Kurdistan region this week for the first time its oil export details explaining how rallied on Baghdad since 2014.
He says the region that exports now amount to ten countries, but it was premature to disclose the final destination because the Iraqi oil marketing company [ SOMO ] is still threatening to sue buyers. and published by Reuters by that Kurdish oil arrived in Israel and Hungary.
chattels: I doubt very much that there will be an oil agreement between the GOI and the KRG even within the 2016 budget.
chattels: The marketing of oil with the long term needs for contracts and sales cannot be turned on and off like a spigot. The path seems clear to me. Financial separation between the GOI and the KRG is a current and unavoidable reality. Forget the rhetoric of the Shia politicians in Baghdad, IMO.
chattels: If you have not read the forum news today then I urge you to do so - especially the following two :
chattels: Central Bank Of Iraq Tries To Deal With Fraud In Dollar Exchanges wealthwatch.world/showthr...
chattels: Abadi’s Failed Reforms wealthwatch.world/showthr...
chattels: The Iraqi parliament voted on November 2 to revoke any mandate for Prime Minister Haider al-Abadi to conduct reforms, putting an end to an eleven-week period in which the weak head of government seemed to ride a popular wave.
The short era of “Abadi’s reforms”—from when he issued his first statement of reform measures on August 9—has often been mischaracterized both in terms of what Abadi was doing and the reasons driving opposition to him.
Both had less to do with fighting corruption than a more conventional power struggle, and his failure to enact reforms thus far has been due not only to Shia rivals’ efforts to undermine him but also his own missteps.
chattels: All of “Abadi’s reforms,” to the extent there were specific, implementable measures, were either austerity measures, such as eliminating excess government positions, or symbolic moves, such as eliminating the three vice-presidency positions, one of them held by former Prime Minister Nouri al-Maliki.
The austerity measures are indeed necessary, as the country faces a cash crisis amid low oil prices, but they would not have transformed the political system. Abadi neither implemented nor even proposed measures aimed at bridging the Shia–Sunni divide, fighting the war against the Islamic State more effectively, or fighting corruption—despite Western media impressions to the contrary.
chattels: The lack of support for Abadi’s reforms among his Shia rivals was based on the fear that he is attempting to establish an alternative political platform that could marginalize militia parties, not opposition to any purported radical reform effort, as some media have inaccurately suggested.
The lack of support was also certainly not related in any way to a broad-based effort to fight corruption. Abadi himself played down expectations of prosecuting senior figures, emphasizing the elimination of “waste” (hadr), rather than “theft” (sariqa), as the main goal of reform.
His only anti-corruption measures were the creation of two committees, one on transparency that Abadi would head himself (announced on August 9 and not heard from since) and the second to examine political parties’ use of public property.
chattels: A second element of Abadi’s setback was his failure to build a political coalition, or at least a public consensus, for a reform program. Abadi declared his first “set of reforms” on August 9, following large protests in Baghdad and the south and central parts of the country.
While largely in Shia areas, their rhetoric was non-sectarian and focused on public interest issues, especially corruption and the lack of basic public services such as electricity.
The key activists involved in the protests were ideologically secular, and by August anti-Islamist sentiment was becoming more prominent in television interviews with protest leaders.
State television began using Abadi’s picture and the phrase “Abadi’s reforms” (islahat al-abadi) in the background to its news bulletins, and some protesters began chanting his name, calling on him to prosecute corrupt officials from the previous government.
But within a month of Abadi’s first announced reforms, protest leaders were already becoming vocal in their disappointment with him.
chattels: This does not mean Abadi will be removed from office, but only that his moment to build a public platform for reform has passed for now. The Shia and Sunni Arab parties criticizing him are on the opposite ends of the political spectrum, making a majority coalition against him impossible.
But until Abadi can run in an election at the head of a coalition—and win—he will have to depend on unstable issue-by-issue coalitions to get anything done. Kirk H. Sowell is a political risk analyst and the publisher of the biweekly newsletter Inside Iraqi Politics. Follow him @uticensisrisk.
chattels: " ............. until Abadi can run in an election at the head of a coalition—and win—he will have to depend on unstable issue-by-issue coalitions to get anything done."
chattels: There is little executive power in a Parliamentary government, Abadi's ability to decree anything is very limited. He is a creature of his party and the Parliament.
chattels: Member of the Council of Basra: the budget law contains constitutional violations wealthwatch.world/showthr...
chattels: How to resolve Iraq's economic crisis wealthwatch.world/showthr...
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