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Snip .. "The White House has cast the First Lady's six-day southern Africa visit as a mix of policy trip and personal pilgrimage"
June 23, 2011
Michelle Obama meets Archbishop Desmond Tutu
Michelle Obama met with Archbishop Desmond Tutu on the last leg of a South African tour that has honoured the key figures of the country's struggle against apartheid.
The US First Lady met the Nobel Peace Prize laureate at Cape Town Stadium, built for last year's World Cup, where she took part in a programme for local youths encouraging them to protect themselves against HIV/Aids and use sport to stay healthy.
Mrs Obama and Archbishop Tutu then took to the pitch, dribbling balls with local youth groups.
Archbishop Tutu, the former Anglican archbishop of Cape Town, won the Nobel Prize in 1984 for his non-violent struggle against the racist government. He has been called the conscience of the nation.
The White House has cast the First Lady's six-day southern Africa visit as a mix of policy trip and personal pilgrimage.
Mrs Obama gave a nationally televised speech on Wednesday that encouraged young people to engage in the fight against Aids, corruption, and violence against women, closing with her husband's 2008 campaign slogan, "Yes we can".
Iraq is seeking to join the initiative of Transparency International
Iraq prepares to join the initiative of transparency in extractive industries, where it has now the membership of a candidate for permanent membership.
According to the terms of this initiative, Iraq will have to issue an annual report showing the amount of money proceeds from the sale of oil to international companies, with a demand that the government provide proof of receipt of these proceeds
The deputy head of the Secretariat of the International Transparency Initiative by Rich that the objective of the Transparency Initiative is to activate the participation of citizens in the management and disbursement of funds realized from the sale of oil, pointing out that Iraq has committed himself to the terms of the initiative, and therefore he must issue a final report in October next shows the size of those funds.
Under the terms of the initiative of transparency, the report will be issued for the Iraqi government and foreign oil companies operating in Iraq must be acceptable to a number of Iraqi civil society organizations interested in ensuring that transparency.
The Coordinator of the Institute to monitor revenues in Iraq, Haider Issa said the institute seeks to the definition of Iraqi civil society organizations on how to deal with the report from the government and oil companies, pointing out that the release of the report alone is not sufficient to Iraq to join the EITI. to that noted coordinator in the United Nations Development Programme Johnny is not that Iraq's accession to the Transparency Initiative will contribute effective in reducing the level of corruption, particularly in relation to extractive industries. while still director of the Institute Iraq's energy Louay Khatib, the necessity of activating the Iraqi government procedures regarding transparency and non-keep these agreements merely ink on paper, expected to contribute to Iraq's accession to such Alambaderah in reducing the level of corruption in country's long-term.
It is said that the headquarters of the Initiative Extractive Industries Transparency is located in the Norwegian capital Oslo.
The Initiative is a coalition of civil society groups, corporations, governments and international organizations and investors, and focus its attention on promoting good governance in countries rich in natural resources.
"Al-Faw Port is an Iraqiport. It lies in Basrah and is situated on the Persian Gulf. It is an oilport" 11/06/2011 Economist: FAO triangle chosen substitute for the Port of Hong Kong's global BAGHDAD - Hussein al-Tamimi Tgb
The economic expert Hassan al-Asadi the importance of the port of Faw in the local economy and global, pointing to the planning mechanisms adopted by the world's developed countries for this project since the eighties.
He said in an interview (morning) in 1985 where left Britain only (12) years old to leave the port of Hong Kong, between experts of the world economy, the existence of an international consortium of a number of major European countries and the participation of American looking for a replacement of the port of Hong Kong so that this port Alternative ready when you leave Britain Hong Kong in 1997, and that after studying all the sites available on the globe found that the best site is the site of a triangle FAO. and that this group of international exposure on the Iraqi government investment projects to create a "free economic zone in the FAO" and it is ready to finance this project by 100 percent or any percentage you want to participate in the Iraqi government).
Conference in Baghdad to activate the Mecca Document of National Reconciliation
Blaunched in Baghdad today the second conference of Iraqi reconciliation with the participation of armed factions engaged in political work in order to activate the Mecca Document for national reconciliation in order to confirm the sanctity of Iraqi blood and the achievement of social peace and human development as Minister of Iraqi reconciliation Amer Khuzaie exception members of al Qaeda and Baathist committed crimes against Iraqis of this reconciliation.
The minister said national reconciliation and dialogue Amer Khuzaie, who belongs to the Islamic Dawa Party led by Prime Minister Nuri al-Maliki in a speech that foreigners from outside the border went into Iraq after 2003 to fragmentation.
And the laying of sectarian strife between his sons, who later managed to overcome adversity and reaffirm their unity.
He added that the Iraqis did not know before that the band of sectarianism despite the diversity of religions and sects.
He said the government is keen to activate the Mecca Document for national reconciliation in Iraq, which stressed the sanctity of Iraqi blood.
He said those who talk about the foreign presence in the country and the need to fight, saying, "We are also against this presence and harmed him.
We are working to get him out the word. "Alive and factions that laid down its arms and said," We are you and you are in our hearts."
The Minister stressed that reconciliation is open to all Iraqis except for "excluded from Asttnahm themselves or the Iraqi Constitution," referring to al-Qaeda and the Baath Party. He said that many of the armed factions have been engaged in the process of reconciliation, calling on Iraqis abroad to return to help rebuild their country.
In his speech, said the representative of the Organization of Islamic Conference in Iraq Hamid Tuck that the Mecca Document for Iraqi reconciliation have been collected in late 2006, the Shia scholars, Sunni and emphasized the prohibition of shedding of Iraqi blood and called on Iraqis to rally around the participants, which brought them together. He added that the document had been endorsed by all political and religious leaders in Iraq and that is currently being activated to be the guiding political action and community in the country.
He said he would be the Organization of Islamic Conference an active role in working with all Iraqi factions in order to establish the unity of Iraq and the safety of its people and its territory and the achievement of social peace and human development in various fields of health, cultural and educational.
For his part, Sheikh Mahmoud al-Rimawi said one of the leaders of armed factions that he had been fighting the occupier based on the religious right and the National Mgarath and take him out of the country. And called on the authorities to release innocent detainees who said they were victims of Gossip confidential informant.
Participants in today's conference by representatives of the "Army of adults and the Army Mujahideen Brigades and the factions and authorization of the Islamic Army and the Army and the Army stationed Conquerors and the Naqshbandi army and Hamas of Iraq and the Community Mosque, Baathists, and " Al-Qaeda ".
The Ministry of reconciliation and dialogue had been held at the end of March (March) conference last name "Harvest. The first reconciliation "during which he announced the minister Khuzaie join six armed factions for dialogue in preparation for their involvement in The political process Participated in the conference today, hundreds of membersArmed factions from the north, central and southern Iraq, where they are treated as individuals were ينتمون الى فصائل مناهضة للعملية السياسية Belonging to armed groups against the political process.
Earlier, a spokesman for the six armed factions participated in the first conference, Sheikh Mahmoud al-Janabi, announces that the groups were abandoning the armed struggle and the commitment Law and order after the withdrawal the U.S. in the form of a concrete and actual .
Economist's - the most important port of Faw joints economic advancement project future returns and ...
BAGHDAD - Hussein Farhan
Stressed the economic expert Hassan al-Asadi the importance of working to establish a port of Faw, for his prominent role in the recycling of Iraq's economic growth, as it enjoys the advantages of the site serves the global trade, where the geographical location on the globe.
He said in an interview (Citizen) The decision-makers did not realize the movement of the world rapidly and that great opportunities will not be repeated easily and that the world and minds actors where you can find dozens of alternative solutions, indicating we want to offer ideas and visions for the project free economic zone of the FAO (or the so-called port Faw).
All the observations and ideas that will be based primarily on the seriousness and extent of absorption of the decision-makers of the importance of this project and serious desire in its implementation and that the private returns of this project is not immediate, but returns are returns for the future.
Bank of Baghdad forms strategic partnership with Citibank Iraq:
Bank of Baghdad (BoB) announced that it has signed a strategic partnership with Citibank (Citi) to manage the bank's global client cash management requirements in Iraq. The new partnership allows Citi's global clients' with business interest in Iraq to directly leverage from Bank of Baghdad's world class cash management platform and extensive branch network.
BoB will offer Citi's clients a number of comprehensive products and service portfolios that include account services, domestic and international payments and collection, liquidity management and electronic banking solutions. The partnership in turn allows BoB in leveraging Citi's global network across 100 countries for cash management solutions and other banking services.
This Strategic alliance marks another major milestone in Burgan Bank Group's expansion plans. The partnership comes at a very important time for the Burgan Bank Group, as we are committed to offering our clients world class services.
Burgan Bank Chief Executive Officer Eduardo Eguren said, "This winning partnership will bring together our regional expertise and Citi's global experience under one platform. The strategic alliance will indeed add value to both Bank of Baghdad and Citi clients' as well as to Burgan Bank group clients."
"Bank of Baghdad is a fast growing member of Burgan Bank group and has successfully placed itself as one of the major players in Iraq," Added Mr. Eguren
Bank of Baghdad was the first licensed bank in Iraq established in 1992. The bank offers retail and corporate banking services through a 36 branch and over 30 ATMs network. Bank of Baghdad is listed on the Iraqi Stock Exchange. Burgan Bank Group includes key subsidiaries that are Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank.
May 30, 2012 Gold and silver coins are now legal tender in Utah—and worth their weight in gold. This signal is as much financial as political.
The Legal Tender Act of 2011 allows any merchant to accept gold or silver coin as payment of any debt. That change by itself wouldn’t mean much. Any United States coin is already legal tender—at its face value. But the new Utah law allows a merchant to credit the one offering the coin for the market value of the metal, not the face value.
This will stop people from melting down coins to sell the metal for more than their face value. But this new law threatens to blow down the world financial system like a house of cards.
What is legal tender?
Legal tender is anything that anyone owing money to another, can offer and know that the other person must accept it. Most civilizations throughout history have accepted gold and silver as legal tender. Even coins from different civilizations were acceptable. Currency exchange was as simple as weighing different coins of the same metal. The only arbitrary rate was the gold-to-silver ratio. Typically this was twenty to one. Thus the first United States silver dollars weighed one ounce. A gold ounce was worth exactly twenty dollars.
The Sixth Amendment to the Constitution recalls this original value of gold. It provided for jury trials in any civil cases in which twenty dollars or more was at stake.
Why has gold and silver increased in value?
That’s the wrong question. Gold is the standard of value. But none of the major currencies have any fixed rate of gold exchange. In 1971, the United States stopped exchanging gold for dollars. The United States went into technical default on that day. The only thing that has stopped the dollar from becoming worthless is the petrodollar system.
Until recently, the Federal Reserve System, the central bank of the United States, behaved with enough restraint to stop inflation. Today the Fed is buying Treasury paper—monetizing the debt. It shows no sign that it will stop doing that, and every sign that it will keep doing that.
What can the States do about it?
They’re doing it now. Utah was first State to let people buy things with gold or silver. It won’t be the last. Five other States have considered similar laws. They haven’t passed them yet, but they will.
What will this do to the dollar, and to gold and silver prices?
It will push gold and silver prices higher almost at once. Now, in at least one State, gold and silver are media of exchange, as well as stores of value. When people realize that, they’ll start buying these coins as fast as they can get them. And they will want physical gold and silver, and to have it in their hands.
June 23, 2011
