GOING GLOBAL EAST MEETS WEST - ARTICLES OF INTEREST: March 2012

Tuesday, April 3, 2012

Iraq and U.S. and Chapter 7 ~ Ambassador from Basra: the existence of contacts with Kuwait and we will support Iraq to get him out of Chapter VII

April 4, 2012

Ambassador from Basra: the existence of contacts with Kuwait and we will support Iraq to get him out of Chapter VII

Description of U.S. Ambassador James Jeffrey told a news conference held Wednesday in the province of Basra, the role played by his country in Iraq Balhadi and influential in reference to the pressure exerted to resolve the crisis and domestic political pressure on Kuwait to remove Iraq from Chapter VII.

Jeffrey said, "The United States plays a major role in Iraq to urge the political blocs in order to reach a joint agreement would ensure a state of political consensus."

Noting "that his country is to see that the solution lies in the provision of concessions and resort to dialogue to resolve the crisis the common outstanding."

He stressed, "The United States will support Iraq's efforts to get him out of Chapter VII."

He noted "the existence of direct contacts with the Kuwaiti side in order to speed up problem solving outstanding issues between the two countries."

source

America ask Turkey to support the establishment of an independent Kurdish state in Kurdistan Region of Iraq

Wednesday, April 04, 2012

America ask Turkey to support the establishment of an independent Kurdish state in Kurdistan Region of Iraq

Published by the Turkish intelligence agency reports of a U.S. request from Turkey to support the establishment of an independent Kurdish state in Kurdistan region of Iraq, for Turkey to take advantage of the oil in the region.

The newspaper «Winnie Jag» Turkish intelligence sources Turkish saying that David Petraeus, director of the CIA view this matter to the officials of the Turks, pointing out that without the support of Turkish can not be a Kurdish state in the region, and that in the event supported Turkey that State This would allow them to play the older brother of this new state.

source

Kuwaiti Ambassador in Baghdad: We are committed to international resolutions on the passage of ships to Iraq

03/04/2012

Kuwaiti Ambassador in Baghdad: We are committed to international resolutions on the passage of ships to Iraq

Kuwait's ambassador to Iraq, to the insured that the recent visits exchanged between the two countries' leaders, will be reflected positively on the bilateral relations in the next phase.

READ MORE ~ THIS IS THE LINK

April 15th ~ Iraq, Kuwait and UN Chapter 7 Sanctions: Kuwait will of the Security Council agreed to lift the sanctions on Baghdad

April 3, 2012

Advisor to the owners: Kuwait will of the Security Council agreed to lift the sanctions on Baghdad after a meeting April 15

Maliki directed to submit to the Commission re-distribution of fuel to the fishermen's recommendations to support the fishermen's quotas (the world)

Baghdad, Revealed adviser to Prime Minister of the existence of a crucial meeting between Iraq and Kuwait, leading to a report to the Security Council, including the approval of Kuwait to lift the sanctions on Iraq with the approval of both sides to complete the remaining obligations between the two countries, between a member of the Foreign Relations Committee, the parliamentary Raising Iraq from Chapter VII is not about Kuwait alone, but the conviction of the international community, and political pressure.

READ MORE ~ THIS IS THE LINK

Saudi Arabia Aims Cash Laundering Law at "Terror" Groups

2012-04-03

Saudi Arabia Aims Cash Laundering Law at "Terror" Groups

Saudi Arabia has passed an anti-money laundering law aimed at stopping cash getting to violent militant groups - a move sought by Washington after the 9/11 attacks - a local newspaper quoted the government as saying on Tuesday.

Saudi Information Minister Abdul-Aziz Khoja said the law contained "rules related to the crimes of financing terrorism, terrorist acts and terror organisations," according to the Arab News daily.

A further law is planned that specifically focuses on militant financing, the paper said, a probable reference to an anti-terrorism bill now before the advisory Shoura Council.

Saudi Arabia began to crack down on militants' financing after the September, 11, 2001 attacks on the United States and a subsequent series of bombings on its own territory.

A 2009 U.S. State Department cable released by WikiLeaks also said Saudi Arabian donors "constitute the most significant source of funding to Sunni terrorist groups worldwide".

It added that while Riyadh had "enacted important reforms to criminalize terrorist financing and restrict the overseas flow of funds from Saudi-based charities," more needed to be done.

Terrorist financing has been a regular charge in the trials of suspected militants at a special criminal court in Riyadh in recent years.

source

What you are doing is of inestimable importance ...

04/04/2012

What you are doing is of inestimable importance

When your awakening happens – as all negative or unloving thoughts and attitudes dissolve – total peace and love will fill your hearts, expanding them to encompass infinity. The happiness that that will bring you is utterly indescribable, and it is divinely guaranteed. While you wait expectantly for that exhilarating moment, know that you are constantly watched over and supported by those in the spiritual realms.

They are with you to assist you in demonstrating to your sisters and brothers that necessary state of openness which will encourage and enable them to release their reluctance to acknowledge – or their refusal to believe in – the inner voice for God that is within each one of you, and which is constantly calling all to awaken.

And awaken you will – because it is God’s Will. And God’s Will is humanity’s will, because, as part of God, at one with Him, no other will is possible. People have just lost their way in the maze of the illusion, and that is distracting them from remembering who they truly are. You who are holding the Light of God on high, by gently and kindly extending love, compassion, acceptance, and forgiveness to all, are having a profound effect on everyone with whom you interact physically, mentally, emotionally, and spiritually, even though you remain unaware of it.

READ MORE ~ THIS IS THE LINK

Obama Calls Iraqi PM Maliki ...

April 03, 2012

Obama calls Iraqi PM Maliki

US President Barack Obama called Iraqi Prime Minister Nuri al-Maliki Tuesday to congratulate him on the Arab summit held last week and to stress his support for a unified Iraq.

In a statement announcing the call, the White House termed last week's Arab summit, Iraq's diplomatic coming-out party following the full withdrawal of US troops late last year, a "success."

"The two leaders discussed the United States and Iraq's joint efforts to advance peace and security in the region as strategic partners," the statement said.

"President Obama expressed the United States' firm commitment to a unified, democratic Iraq as defined by Iraq's constitution," the statement said.

The US leader also told Maliki that he backed Iraqi President Jalal Talabani's call for a national conference this week to bridge sharp differences between rival political blocs in the country.

source

On Wednesday, March 4th ~ Barzani meets with Obama Wednesday

Sunday, April 1, 2012

Barzani meets with Obama Wednesday

A source close to the Presidency of the Kurdistan Region, on Sunday that the Kurdish regional president Massoud Barzani will meet U.S. President Barack Obama in Washington next Wednesday as part of his visit to the U.S. official invitation.

READ MORE ~ THIS IS THE LINK

Going Global News For April 2012

Wednesday Meeting ~ Political blocs failed to reach consensus on the agenda of national meeting because of the insistence of his National Alliance

Snip ~ "Source on Tuesday from within the meeting of the Preparatory Committee for the national meeting: political blocs representatives failed to reach a consensus on the agenda of national meeting scheduled for next Thursday, because the National Alliance's insistence on his position"

Tuesday, 03-04-2012

Representatives of the political blocs failed to reach consensus on the agenda of national meeting because of the insistence of his National Alliance

Baghdad, Representatives of the political blocs failed to reach consensus on the agenda of national meeting scheduled for next Thursday.

This political blocs representatives held meeting of the Preparatory Committee for the national meeting house Vice President khudair Al-khuzai.

Source on Tuesday from within the meeting of the Preparatory Committee for the national meeting: political blocs representatives failed to reach a consensus on the agenda of national meeting scheduled for next Thursday, because the National Alliance's insistence on his position.

READ MORE ~ THIS IS THE LINK

Wednesday - *President will sign the STOCK Act ...

Wednesday - *President will sign the STOCK Act, which makes clear that members of Congress are subject to the same insider trading laws that apply to everyone else.

You will recall that this is legislation that the President called on Congress to pass in his 2012 State of the Union address link *U.S. House passes bill against congressional insider trading "Stop Trading on Congressional Knowledge" (STOCK)

US calls for 'urgent' UN action if Syria killing goes on ~ April 10th Deadline ...

Snip ~ Annan may come to New York to brief the Security Council and UN General Assembly soon after April 10, envoys said.

April 03, 2012

US calls for 'urgent' UN action if Syria killing goes on

The UN Security Council will have to take "very urgent and serious" action if Syria fails to meet an April 10 deadline to halt its military operations in protest cities, US ambassador Susan Rice said Tuesday.

UN Security Council members negotiated a statement backing the April 10 deadline that UN-Arab League envoy Kofi Annan says Syria has accepted, as fierce clashes were reported between government forces and rebels.

Rice reaffirmed that the United States and other countries doubted that President Bashir al-Assad would end hostilities and called for increased pressure on the government.

READ MORE ~ THIS IS THE LINK

Message from the Ashtar Command by Greg Giles - April 3, 2012

Message from the Ashtar Command by Greg Giles - April 3, 2012

Hello dear ones, we would like to take this opportunity to speak with you today in a little more detail about the days ahead for you. We see that our message to you a few days ago concerning the temporary relocations of those living in areas that we believe are susceptible to flooding has caused quite a stir, and many are experiencing fear upon learning of this information. We wish to make ourselves as clear as we can and tell you that there is absolutely no reason to feel fear on any level or to be concerned at all for the safety of yourselves, your families, your friends and your neighbors.

READ MORE ~ THIS IS THE LINK

Kuwait will of the Security Council agreed to lift the sanctions on Baghdad after a meeting April 15

Tuesday April 3, 2012 - the second year - Issue 550

Members of the parliamentary Foreign optimistic about the salvation of Iraq from Chapter VII

Advisor to the owners: Kuwait will of the Security Council agreed to lift the sanctions on Baghdad after a meeting April 15

بغداد - مصطفى ناصر Baghdad - Mustafa Nasser

Revealed adviser to Prime Minister of the existence of a crucial meeting between Iraq and Kuwait, leading to a report to the Security Council, including the approval of Kuwait to lift the sanctions on Iraq with the approval of both sides to complete the remaining obligations between the two countries, between a member of the Foreign Relations Committee, the parliamentary Raising Iraq from Chapter VII is not about Kuwait alone, but the conviction of the international community, and political pressure.

The Legal Adviser to the Prime Minister Fadel Muhammad said in an interview with "the world" yesterday that "on 15 of this month will hold a crucial meeting between Iraq and Kuwait to Baghdad to settle all outstanding issues between the two countries," expected to so they can be very positive results.

He added that the Kuwaiti delegation headed by Foreign Minister Mohammed Sabah, the membership of officials and ministers involved in the files of contention between the two countries.

He said Muhammad, "If we reach a joint agreement with Kuwait will send the report to the Security Council, and approved it, with approval from both sides that all that remains of obligations between the two countries from archive missing and the demarcation of the border will be completed in good faith between the two countries, and thus closes the file in the Security Council International, and ending penalties for Iraq under Chapter VII.

A member of the Committee Mohammad Jamshid in an interview for "the world" yesterday that "the State of Kuwait gave positive signals to remove Iraq from Chapter VII, given to the participation at the Arab summit, not to mention the participation of many Arab countries high."

He added that "the visit of Prime Minister Nuri al-Maliki to the State of Kuwait, which preceded the summit was very positive, as it achieved its objectives and prompted Kuwait to cooperate with us to rid Iraq from Chapter VII and the political and economic sanctions currently in place."

He expected Jamshid contribute to the Arab League also freeing Iraq from Chapter VII, "I do not doubt that the Arab League wants an Iraq that influence takes leadership role in the region, Iraq today is not Iraq's former regime, which was a source of concern and problems for the region. And I expect that there will be a gesture quick to get rid from Chapter VII. "

I take it a member of the Foreign Relations Committee, the parliamentary staff Arshad remove Iraq from Chapter VII that the international community and members of the Security Council specifically, explaining that "the issue of withdrawal of Iraq from Chapter VII is not about Kuwait alone, but there is a UN resolution needs to be pressure from Arab countries and the Arab League ".

source

Delete the zeros will increase confidence in the national currency, the new world and internally ...

Note: On a positive note its great that the dinar is getting press. The not so positive note is that most of the articles are not clear and are intended to curb speculation. One of the biggest problems for a country's economy is keeping its currency stable. Fluctuations caused by speculators is a main concern. So, know that this ride is almost over and do not become discouraged:) Kel .. below a select few ... older articles of interest .. as well as today's article

*Iraqi Dinar = U.S Dollar ~ Deputy in the Finance Committee is expected to equal the Iraqi Dinar against the U.S. Dollar during the next biennium and .. link .. Dinar is equal to the dollar ... and link .. *Central Bank of Iraq the return of the dollar exchange rate to what it was ... And May 2011 .. link .. *Iraqi Dinar equal to 1.3 U.S. dollars ~ Iraq seeks to regulate the financial sector in order to avoid the financing of terrorism and money laundering .. And .. Iraq Will Become An Economic Powerhouse in the Region

03/04/2012

Delete the zeros will increase confidence in national currency, the new world and internally

Confirmed that it will not affect the real value of the dinar

Baghdad - Haider Filaih Rubaie

said an economist that the process of deletion of zeros will not lead to the occurrence of collateral damage in the real value of the coin, and it will not bear negative effects can affect in GDP, explaining that the monetary authorities resort to such Thus action after reaching the economy advanced stages of stability.

READ MORE ~ THIS IS THE LINK

Central moves to calm fears of money laundering

Snip ~ Demand for the dollar rose again on Monday to about $ 380 million, in what may be a response to thwart the new regulations are fully implemented before the end of this week.

Wednesday 4/4/2012

Central moves to calm fears of money laundering

Central bank tightened its grip on the sales of the dollar amid fears of money laundering used by buyers, and also to reduce the international sanctions imposed on Iran and Syria, the two neighbors.

Fear of the increasing demand for the dollar over the past few weeks,

Bank has revealed the first Monday of the new instructions imposed on customers to prove their identity through the provision of import licenses and tax records.

The second fracture during the two months in foreign currency exchange market highlights the erosion that affected the economic controls by years of conflict and the invasion of an alien who has taken the importance of large-scale central conflicts in the region.

READ MORE ~ THIS IS THE LINK

Dinar in the next few days ~ The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law ...

Note Same article different source different date ..

Related article .. link .. March .. The Central Bank has promised to reduce the value of the dollar in the next few days and the potential to modify the pension law

04/04/2012

The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law

Baghdad, A member of the parliamentary Finance Committee Faleh applicable, the registered companies in the Iraqi market for securities is the reason Riisa the high value of the U.S. dollar against the Iraqi dinar, indicating that the central bank has promised to reduce its value in the next few days.

He said in effect, in a press statement received by the Agency, We are not" on Monday that "the central bank is responsible for fiscal policy and therefore obligated to take measures and controls to preserve the value of Iraqi dinar," adding that "measures the bank last did not work in raising the value of the dinar Iraqi and inquire about this thing called the Governor of the Central Bank and told me that the measures developed but not implemented by 100% and the promise of its application in the coming days which will then significantly decreased the value of U.S. dollar against the Iraqi dinar.

READ MORE ~ THIS IS THE LINK

On Thursday House of Representatives will on 6 Rules

04/04/2012

House of Representatives will vote tomorrow on 6 Rules

Najafi decides to grant a shield Parliament to man the passage of the clean up remnants of building materials in a street in Baghdad

BAGHDAD - Al Sabah

as ended the House of Representatives yesterday, the first reading and the second of nine draft laws, is heading for a vote on 6 laws in tomorrow's meeting.

This comes at a time decided by the Chairman of the House of Representatives Osama al-granting armor Parliament to man the passage of the clean up remnants of building materials in a street in Baghdad.

At the beginning of the 31st meeting held in the presence of 198 deputies yesterday, followed by MP Khalid al-Attiyah statement on behalf of the Commission on Human Rights condemning the killing of a number of truck drivers in hand Nibai who were seeking to earn a living for.

read full article here

4/3/2012 -- MASSIVE outbreak of tornadoes , large hail , damaging wind = 20 states or more

Iraq Exchange Rate History ...

Thank you to bama for the following info.

Link .. Iraq: Exchange Rates as of February 29, 2012

Date and Exchange Rate

April 29, 2011 0.000527732, April 30, 2010 0.000566092, April 30, 2009
0.000570626, April 30, 2008 0.000512352, April 30, 2007 0.000516326, April 28, 2006 0.000460244, April 29, 2005 0.000451682,

September 22, 2004 0.000466938, September 08, 2003 2.53758,

April 30, 2002 2.53758, April 30, 2000 2.43852, April 30, 1999 2.38074, April 30, 1998 2.38881, April 30, 1997 2.3558, April 30, 1996 2.21848, April 30, 1995 2.04504, April 30, 1994 2.26323, April 30, 1993 2.26004,
April 30, 1992 2.34852, April 30, 1991 2.39924, April 30, 1990 2.46985,
April 28, 1989 2.48283, April 29, 1988 2.32407, April 30, 1987 2.46269,
April 30, 1986 2.73556, April 30, 1985 3.24557 ...
source

The start of the preparatory meeting attended by representatives of all political blocs ...

04/03/2012

The start of the preparatory meeting attended by representatives of all political blocs

The third preparatory meeting of the National Congress headed by Speaker Osama Najafi

Baghdad - began this evening the last preparatory meeting of the Preparatory Committee for the meeting attended by national leaders of political blocs in the home of Vice President of the Republic Khodair al.

The source said that "the meeting was attended by Fuad Masum, and Rose Nuri Shawis from the Kurdistan Alliance and Adnan al-Janabi and Salman Jumaili and good Chuird for Iraqi, Bahaa al-Araji, the mass of the Liberals and the Sheikh Humaid Maaleh of the Supreme Council and Hassan Sinead, and Khalid al-Attiyah for the rule of law as well as Ammar Tohme for virtue."

The national meeting will be held on Thursday after he called President Jalal Talabani blocks to hold this meeting.

source

Vietnam: Reform to Stabilize Economy

Related articles .. Link .. Links Vietnam Currency - .. and Link .. Links ~ Vietnam Articles of Interest part 2 ....includes part 1 and additional links ...

April 3, 2012

Vietnam: Reform to Stabilize Economy

PHNOM PENH, Vietnam Prime Minister Nguyen Tan Dung said he is stepping up plans to revamp the Communist-led country's bloated state sector that have led to a series of debilitating credit-rating downgrades and pressured Vietnam's fragile currency.

READ MORE ~ THIS IS THE LINK

North Korea 'preparing to unveil missile capable of striking continental US'

April 3, 2012

North Korea 'preparing to unveil missile capable of striking continental US'

North Korea is preparing to unveil a new long-range missile that is capable of striking targets in the continental US.

read article .. here

CBI, Iraqi Dinar, Official Gazette ~ Central Bank: draft delete Zeros Does NOT Need a New Law, but Regulation ...

Tuesday, 03-04-2012

The Deputy Governor of the Central Bank: draft delete zeros does not need a new law, but to the regulation

Baghdad, The Deputy Governor of the Central Bank noted the appearance of Mohamed Saleh that draft deleted three zeros Iraqi currency needs no new law legislation but issuing a regulation serve as instructions as stipulated in the law on the Central Bank.

He said Saleh (News Agency news) on Tuesday: Central Bank law gave full power to the Monetary Authority to change the structure of the Iraqi currency or delete zeros, nor can a new draft enactment to delete the three zeros from the currency it was discussed twice in the House and the Prime Minister, the Executive and legislative branches have become more familiar, noting that the project needs to make a regulation and a directive published in the Official Gazette, and the Central Bank now is formatted.

READ MORE ~ THIS IS THE LINK

Going Global Headline News for Tuesday And Early Wednesday, April 3rd and 4th, 2012 ...

*Delete the zeros will increase confidence in the national currency, the new world and internally ...

*Obama Calls Iraqi PM Maliki ...

*On Wednesday, March 4th ~ Barzani meets with Obama Wednesday

*Wednesday - *President will sign the STOCK Act ...

*Wednesday Meeting ~ Political blocs failed to reach consensus on the agenda of national meeting because of the insistence of his National Alliance

*Iraq's Parliament to Return Thursday, April 5th Thursday, After Reading 12 Draft Laws ...

*JOBS Act passes Congress, heads to Obama ~ Will Sign On Thursday, April 5th ...

*April 5th, 2012 Iraq's National Conference Of Leaders ...

*April 15th ~ Iraq, Kuwait and UN Chapter 7 Sanctions: Kuwait will of the Security Council agreed to lift the sanctions on Baghdad

*US calls for 'urgent' UN action if Syria killing goes on ~ April 10th Deadline ...

*Message from the Ashtar Command by Greg Giles - April 3, 2012

*Central moves to calm fears of money laundering

4/3/2012 -- MASSIVE outbreak of tornadoes , large hail , damaging wind = 20 states or more

Iraq Exchange Rate History ...

Dinar in the next few days ~ The Central Bank has promised to reduce the value of the dollar and the potential to modify the pension law ...

CBI, Iraqi Dinar, Official Gazette ~ Central Bank: draft delete Zeros Does NOT Need a New Law, but Regulation ...

The start of the preparatory meeting attended by representatives of all political blocs ...

North Korea 'preparing to unveil missile capable of striking continental US'

Kuwait announces the reopening of the line to fly to Baghdad for the first time in more than 21 years old

Vietnam: Reform to Stabilize Economy

IMF Speech ~ Cooperation and Connectedness

IMF Managing Director Christine Lagarde Emphasizes U.S. Role in Global Economy

Euro-Zone Breakup Is NOT the Answer ...

The Iraqi List, emphasizes the implementation of all the terms of the Erbil

MOU between Baghdad and Washington to establish the Office of Public Policy of the State in the Prime Minister ...

Talabani and Khuzaie emphasize the need to calm the atmosphere between the governments of the Kurdistan Region and federal

Jeffrey convey to President Talabani, congratulations on the success of Obama's summit Baghdad

Jaafari and Jeffrey Istardhan all the issues on both the Iraqi and regional

State law: any block hampering the National Congress to be accountable to the people

Economic Commission: Government responsible for dumping toxic to lack of control over border crossings

Government allocated $ 6 million for the establishment of an Iraqi satellite

Ministry of Oil: our plans to continue to increase oil production to support investment in Iraq

What Are We Looking for This Week? April 2nd Through April 6th ...*

Iraq's Central Bank tightens restrictions over corruption concerns Starting in June, Iraqi importer-exporters will need a license ...

*May 18, 2011 ~ Obama extends national emergency order on Iraq ...

*Central Bank Meeting ~ Attacks the central banking policy of the tributaries and the rational and tomorrow ~ And .. IMF expressed conviction

*Will You Be Prepared? Just In Time: When the Trucks Stop, America Will Stop (With Immediate and Catastrophic Consequences)

IMF Speech ~ Cooperation and Connectedness

April 3, 2012

Cooperation and Connectedness

By Christine Lagarde
Managing Director, IMF

Good morning. I am delighted to be here. I would like to acknowledge Tom Curley, who is just stepping down as Associated Press president and CEO after a lifetime of distinguished service in journalism. A warm thanks to Kathleen Carroll too.

It is important for the IMF to maintain a good, open, dialogue with all members, especially the United States—our largest shareholder. You, the media, play an indispensible role in this engagement.

I come this morning with a simple message: the global economy needs a strong U.S. economy and strong U.S. economic leadership.

Time and again over the last century, we have seen that U.S. leadership has been indispensible—bringing people together around shared values and an abiding vision of human potential, and economic potential too.

READ MORE ~ THIS IS THE LINK

IMF Managing Director Christine Lagarde Emphasizes U.S. Role in Global Economy

April 3, 2012

IMF Managing Director Christine Lagarde Emphasizes U.S. Role in Global Economy

Press Release No. 12/118

Christine Lagarde, Managing Director of the International Monetary Fund, today said that the global economy needs a strong U.S. economy and strong U.S. economic leadership. Noting the deep ties linking the United States and the global economy, especially Europe, she said, “If the European economy falters, the American recovery and American jobs would be in jeopardy. So America has a large stake in how Europe fares—and how the world fares.”

“These are trying times. The global economy is trying to emerge from the deepest and most painful economic crisis since the Great Depression. At the same time, the world is growing smaller and more interconnected by the day, meaning that economic disruption in one country can touch people all across the globe,” she said in a speech to the Associated Press Annual Meeting in Washington, D.C.

READ MORE ~ THIS IS THE LINK

Tuesday, April 3rd @2:00 pm ... FOMC Report ~ Could Hear QE ...

Snip .. additional QE in the second quarter?

April 3, 2012

Goldman Sachs economics wonks expect to hear clear evidence that a discussion about further easing measures was part of the March 13 meeting of the Fed’s key rate-setting comittee, known as the FOMC. The minutes from the meeting will be out at 2 p.m. Here’s Goldman’s bullet points on what they’re listening for:

We expect that the meeting included a discussion of possible easing options. This discussion would likely include four main topics: 1) the benefits of mortgage purchases; 2) the potential for more “twisting”; 3) the appropriate way to communicate any additional easing; and 4) the pros and cons of sterilized asset purchases.

read full article .. Here

More Iraq Headline News April 3, 2012 .. Links ...

Talabani and Khuzaie emphasize the need to calm the atmosphere between the governments of the Kurdistan Region and federal

Jeffrey convey to President Talabani, congratulations on the success of Obama's summit Baghdad

Jaafari and Jeffrey Istardhan all the issues on both the Iraqi and regional

State law: any block hampering the National Congress to be accountable to the people

Economic Commission: Government responsible for dumping toxic to lack of control over border crossings

Government allocated $ 6 million for the establishment of an Iraqi satellite

Ministry of Oil: our plans to continue to increase oil production to support investment in Iraq

The Iraqi List, emphasizes the implementation of all the terms of the Erbil

April 3, 2012

The Iraqi List, emphasizes the implementation of all the terms of the Erbil

Stressed the Iraqi List, to implement all the terms of the Erbil and stop arbitrary arrests and the resolution of the security file.

The MP for the Iraqi List, reproach the league, its list of demands that a true national partnership, and praised the role of the Kurds in the Iraqi government to establish. source

and, possibly related .. link .. Breakthrough in the relationship with the Kurdish leadership the Governor

Kuwait announces the reopening of the line to fly to Baghdad for the first time in more than 21 years old

Tuesday, April 03, 2012

Kuwait announces the reopening of the line to fly to Baghdad for the first time in more than 21 years old

Announced the State of Kuwait, Tuesday, re-opening the line of its intention to fly to Baghdad in the coming days for the first time in more than 21 years, while the measure was considered the culmination of efforts between the two countries to strengthen relations.

He said the Kuwaiti Ambassador in Iraq to the insured in an interview for "Alsumaria News", Kuwait's Jazeera Airways will open a line flights to Iraq in the 17 of April current, indicating that the line will be allocated to Kuwaiti figures go to Iraq.

I consider this the opening line insured a good omen and positive aspect of the question of resolving the issue of Iraqi Airways is the fruit of good meetings and exchanges between the two countries.

Detection and Kuwaiti Foreign Minister Sabah Khaled Al-Sabah, who participated in the meeting of Arab foreign ministers, on 28 March 2012, on the visit of a delegation from his country to Baghdad in mid-April to complete the visit of Prime Minister Nuri al-Maliki and discuss common issues in all.

source

MOU between Baghdad and Washington to establish the Office of Public Policy of the State in the Prime Minister ...

Tuesday, April 03, 2012

Memorandum of understanding between Baghdad and Washington to establish the Office of Public Policy of the State in the Prime Minister

The Iraqi government signed a memorandum of understanding with the U.S. Agency for International Development on the establishment of the Office of Public Policy of the State in the Prime Minister.

According to a statement from the advisers in the Prime Minister on Tuesday that the memo was signed by the Iraqi side, Director, Office of the Prime Minister and agency Hamid Khalaf Ahmed and the U.S. Agency for International Development Agency Director Alex Dickie, and the presence of the President of the advisers Thamer Ghadban and a number of representatives of the U.S. Agency along with a number of experts and advisers in the body.

The statement quoted Ghadhban say this note through the U.S. Agency provided technical assistance to support the Iraqi government in its efforts to establish an office for the formulation of general policies of the state in the Prime Minister's Office, based on what the text of the Constitution of Iraq.

source

Euro-Zone Breakup Is NOT the Answer ...

April 3, 2012

Euro-Zone Breakup Isn't the Answer

The quest for the holy grail continues. Five contenders have been shortlisted for the £250,000 ($400,580) Wolfson Economics Prize, which asked economists to prepare a contingency plan for a euro breakup. But the proposals seem only to confirm that the euro zone's best interests lie in the opposite direction: greater political and fiscal integration.

Some of the proposals envisage a limited exit by one or a few countries—such as private investor Catherine Dobbs's plan to re-denominate all existing euros into a basket of two new currencies, to seek to avoid capital flight. But financial markets are likely instantly to question the credibility of the remaining bloc's members, potentially forcing further exits, destabilizing the process. Neil Record of Record Currency Management instead argues that the only option is a secret plan for the total breakup of the euro zone—while somehow retaining a single European Union market.

Read Full Article Here

Iraq and Saudi Arabia ~ Zebari: There are significant positive developments in relations between Saudi Arabia and Iraq ...

Tuesday, April 03, 2012

Zebari: There are significant positive developments in relations between Saudi Arabia and Iraq

Foreign Minister of Iraq, Hoshyar Zebari, that there are significant positive developments in relations that combine the Kingdom of Saudi Arabia and Iraq, and at all levels.

Zebari said in a press statement Monday that the TV show relations between Iraq and the Gulf Cooperation Council (GCC) are of great importance, and we still see significant and positive changes that bring us together, especially with the Kingdom of Saudi Arabia.

Zebari said that the Summit is important for Iraq, for two main reasons, I reflected on the support of Iraq and its role among the Arab countries, which is very important after a long history of sanctions and boycotts they have suffered by Iraq, not only since 2003, but since the year 1990.

The second reason is to strengthen the confidence of the international community in Iraq, especially in the areas of trade and economic, in addition to the diplomatic level.

source

Iraq's Parliament to Return Thursday, April 5th Thursday, After Reading 12 Draft Laws ...

Tuesday, April 03, 2012

Parliament to raise its next Thursday, after reading 12 draft law

Raised the Presidency of the Council of Representatives, Tuesday, the Council meeting the day after tomorrow, 31 to Thursday, with a parliamentary source said that the meeting saw the first reading and the second bill for 12, including nine of the decisions of the Revolutionary Command Council dissolved.

The source said in an interview for "Alsumaria News", parliament speaker Osama Najafi adjournment of the Council of 31 of the legislative year the second to the day after tomorrow, Thursday, noting that the meeting saw the first reading of the proposals of laws, aside of the dissolved Revolutionary Command Council No. (276) on 27 / 2/1985, and resolutions numbered (1360) on 17/11/1985 and (827) on 30/6/1979, and Resolution No. (755) on 16/9/1986, and Resolution No. (850) in 27/11/1988 .

The source, who asked not to be named, that the meeting also saw the first reading of the proposals reverse the decisions of the laws of the Revolution Command Council dissolved No. (542) on 02.09.1989, and No. (27) on 02.04.1992, and No. (67) in 13/6/1994, and No. (120) in 17/7/1998 and No. (50) in 3/3/2000. "

The source continued that today's meeting saw the first reading of the draft Convention on the Law of encouragement and mutual protection of investments and the Protocol thereto between Iraq and Germany and the second reading of the legal extension of service of judges, and ownership of the documents bearing aliases for the displaced and migrants.

The House of Representatives resumed on Tuesday (April 3, 2012), its the 31 of the second legislative term of the year the second legislative headed by Osama Najafi and the presence of 236 deputies, with parliamentary source that the meeting will see the first reading of the laws of the abolition of nine of the decisions of the Revolutionary Command Council dissolved, and the first reading and the second of three other laws.

source

Monday, April 2, 2012

Going Global Headline news For Monday, April 2, 2012 .. Updated ...

*What Are We Looking for This Week? April 2nd Through April 6th ...

*Iraq's Central Bank tightens restrictions over corruption concerns Starting in June, Iraqi importer-exporters will need a license ...

*May 18, 2011 ~ Obama extends national emergency order on Iraq ...

*Central Bank Meeting ~ Attacks the central banking policy of the tributaries and the rational and tomorrow ~ And .. IMF expressed conviction

*Will You Be Prepared? Just In Time: When the Trucks Stop, America Will Stop (With Immediate and Catastrophic Consequences)

* Myanmar ..links ..

*Iraq and Kuwait ~ Maliki, In the Coming Days ~ outstanding problems with Kuwait will end the subject of Chapter VII ..

*CBI, Tuesday, April 3rd .. Crucial Bank Meeting: CBI, Finance Ministry and BSA Discuss Restructuring the Banks ...

*Iraq Parliament Returns Tuesday, April 3rd ~ Iraq Oil and Gas Law and Other Important Laws Will Be Discussed ...

*Parliamentary Finance: will be called the central bank governor to discuss the issue of monetary policy and .. link .. *** Shabibi and the Dinar ~ Parliament calls governor of the Central Bank of the Finance Committee to discuss monetary policy ...

*Training for Central Bank of Iraq AML/CFT Investigators

*Central Bank of Iraq tightens rules on buying US dollars

*Tuesday, April 3rd Meeting ~ National Conference discusses the 4 axes ... and .. link .. Iraq ~ Tuesday, April 3rd Prep Meeting ~ Preparatory meet tomorrow in preparation for the success of the national meeting next Thursday... and link .. *April 5th, 2012 Iraq's National Conference Of Leaders ...

*Sunday, April 8th ~ Easter Day

*Iraq and Kuwait Must Resolve the Border Issue ~ Nassif calls for a solution to the problems of resolution 833 regarding the demarcation of the border .. and .. link .. *Dec. 15th 2010 ~ Ban ki-Moon recommend that the Security Council extend the financing of the Coordinator's mandate until 30 June 2012 ...

*Transportation Bill Extended Until June 30th

*Beijing lowers tariffs and capital controls

*Obama, Harper, Calderon Meeting Today ... and .. link .. Remember This? US Federal Reserve’s United Federation of North America Note Ready For Circulation ...

*Presidential republic confirms deployment of the General Budget Law in the Iraqi Gazette

*On Wednesday, March 4th ~ Barzani meets with Obama Wednesday

*JOBS Act passes Congress, heads to Obama ~ Will Sign On Thursday, April 5th ...

*Going Global Headline News For April 1, 2012 ...

Foreclosures (2012 Robosigning and Mortgage Servicing Settlement)

April 2, 2012

Foreclosures (2012 Robosigning and Mortgage Servicing Settlement)

The end of the housing boom in 2006 set in motion a vicious circle that led to disaster for millions of homeowners whose property has been seized or threatened, and for the lenders themselves, who have had to write off tens of billions in losses.

Foreclosures helped accelerate the fall of property values, helping to spur more foreclosures. The losses they created brought the financial system to the brink of collapse in the fall of 2008. The steep recession that followed led to even greater homeowner delinquencies, as homeowners who lost their jobs often lost their homes. Tens of millions of others found themselves in homes worth less than their mortgages, unable to sell or refinance.

All told, roughly four million families lost their homes to foreclosure between the beginning of 2007 and early 2012.

In late 2010, evidenced emerged that the foreclosure process may have been deeply tainted by sloppy recordkeeping, cut corners and possible fraud, epitomized by high-profile cases of “robo-signing’' — cases in which foreclosures took place based on forged or unreviewed documents. More than 40 states attorneys general began investigations into foreclosure abuse, and worries about the legal fallout from the scandal led to a sharp slowdown in the rate of foreclosure filings and of repossessions in 2011.

In February 2012, government authorities and five of the nation’s biggest banks — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners.

Despite the billions earmarked in the accord, the aid will help a relatively small portion of the millions of borrowers who are delinquent and facing foreclosure. The success could depend in part on how effectively the program is carried out; earlier efforts by Washington aimed at troubled borrowers helped far fewer than had been expected.

Still, the agreement is the broadest effort yet to help borrowers owing more than their houses are worth, with roughly one million expected to have their mortgage debt reduced by lenders or able to refinance their homes at lower rates. Another 750,000 people who lost their homes to foreclosure from September 2008 to the end of 2011 will receive checks for about $2,000.

And because of a complicated formula being used to distribute the money, federal officials say the ultimate benefits provided to homeowners could equal a larger sum — $45 billion in the event all 14 major servicers participate. The aid is to be distributed over three years, but there are incentives for banks to provide the money in the next 12 months.

In addition to disagreements over the total amount, negotiations had been held up over the question of how much latitude authorities would have in pursuing investigations into mortgage abuses. In the agreement’s expected final form, the releases are mostly limited to the foreclosure process, like the eviction of homeowners after only a cursory examination of documents. The prosecutors and regulators still have the right to investigate other elements that contributed to the housing bubble, like the assembly of risky mortgages into securities that were sold to investors and later soured, as well as insurance and tax fraud. Officials will also be able to pursue any allegations of criminal wrongdoing.

In March, documents filed in federal court spelled out how banks will face stiff penalties and intense public scrutiny if they fail to live up to the deal’s standards. In some cases, servicers would face civil penalties of up to $1 million for each violation of federal banking law. An independent monitoring and enforcement office is being set up under the agreement, to be paid for by the banks.

Two studies released around the time of the settlement underscored the pervasiveness of the practice. An audit by San Francisco county officials of about 400 foreclosures there determined that almost all involved either legal violations or suspicious documentation.

And a wide-ranging review by federal investigators found that managers at major banks ignored widespread errors in the foreclosure process, in some cases instructing employees to adopt make-believe titles and speed documents through the system despite internal objections.

Recommending Fines for Additional Firms

Also in March, a senior Federal Reserve official recommended fines for eight additional financial firms, raising questions about how deep foreclosure problems run through the banking industry.

The eight firms cited by the Federal Reserve — HSBC’s United States bank division, SunTrust Bank, MetLife, U.S. Bancorp, PNC Financial Services, EverBank, OneWest and Goldman Sachs — should be fined for “unsafe and unsound practices in their loan servicing and foreclosure processing,” Suzanne G. Killian, a senior associate director of the Federal Reserve’s Division of Consumer and Community Affairs, told lawmakers in a House Oversight Committee hearing in Brooklyn.

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