April 2, 2012
A divorce settlement for the eurozone
The European Central Bank has averted disaster, sparking a powerful relief rally – but nothing fundamental has been resolved. Greece may need another debt restructuring; Portugal and Ireland may need restructuring too. Spain and Italy may yet come under the gun.
Banking crises are hardly ever resolved without removing toxic assets or recapitalisation. The eurozone still lacks essential features of monetary unions that have stood the test of time; and planned reforms may exacerbate latent fiscal, banking and external imbalances, leaving it less, rather than more, resilient to regional shocks.
Splitting up may be hard to do, but it can be better than sticking to a bad marriage. The periphery debt crisis threatens to engulf the core in huge bank capital shortfalls and fiscal liabilities, trapping both in protracted stagnation. This reflects possibly intractable eurozone design flaws. So we propose the following amicable divorce settlement.
Countries leaving the eurozone must rebalance away from growth led by debt, towards export- and income-led growth. Members of a “rump” eurozone should rebalance toward domestic demand. The EU free trade arrangement is critical to this end. Ideally, five distressed peripherals – Portugal, Ireland, Italy, Greece and Spain – would exit, negotiating bridge financing.
Currency realignment would aid this adjustment. It is far better to restore competitiveness through devaluation than by changing relative prices with a fixed nominal exchange rate, which implies protracted debt deflation, potentially ending in disorderly defaults and exits in any case, or sustained inflation above target in surplus countries. There would of course be disruption even in a cooperative, partial dismantling of the currency union, but it would be in everyone’s interest to minimise the damage by adhering to the agreed exit strategy.
read full article @ source
Tuesday, April 17, 2012
London Goes After Trading in Yuan (working with 5 leading banks) ...
Also read .. Jamie Dimon On Almost Everything .. Here
link .. JP Morgan buys new London headquarters ... designed for the global financial institution ...
April 17, 2012
London Goes After Trading in Yuan
The City of London Corp. is forming a working group with five leading banks as well as the U.K. Treasury, the Bank of England and the Financial Services Authority to support growth of yuan business in the city.
Already the world's biggest currency-trading center, accounting for about a third of global flows, London is competing against Singapore, Tokyo and a handful of other financial capitals to capture growing demand for the yuan. The move comes just a few days after the Chinese government decided to loosen some restrictions on trading of ...
Read full article .. Here
____The City of London is at the heart of the world’s financial markets. It is a unique concentration of international expertise and capital, with a supportive legal and regulatory system, an advanced communications and information technology infrastructure and an unrivalled concentration of professional services. It is set in the midst of a vibrant and culturally diverse capital - one of the most exciting cities on Earth.
As part of our commitment to enhancing London’s status as an international financial centre, we offer a range of support for financial and related business services.
Our economic research provides policy-makers with well-focused analysis of the performance trends and needs of the London economy, particularly the City-based financial and business services clusters.
To support and promote the City, we work with domestic, EU and international decision makers and businesses to secure the best market, fiscal, regulatory and infrastructural environment in which enterprise and innovation can flourish. We also provide support for small and medium sized businesses coping with the economic downturn.
The City of London Corporation: The City of London Corporation, which provides local government services for the Square Mile, the financial and commercial heart of Britain, works nationally and internationally to maintain and enhance the City as a world-leading international financial and business centre. ..also w/video Link
link .. JP Morgan buys new London headquarters ... designed for the global financial institution ...
April 17, 2012
London Goes After Trading in Yuan
The City of London Corp. is forming a working group with five leading banks as well as the U.K. Treasury, the Bank of England and the Financial Services Authority to support growth of yuan business in the city.
Already the world's biggest currency-trading center, accounting for about a third of global flows, London is competing against Singapore, Tokyo and a handful of other financial capitals to capture growing demand for the yuan. The move comes just a few days after the Chinese government decided to loosen some restrictions on trading of ...
Read full article .. Here
____The City of London is at the heart of the world’s financial markets. It is a unique concentration of international expertise and capital, with a supportive legal and regulatory system, an advanced communications and information technology infrastructure and an unrivalled concentration of professional services. It is set in the midst of a vibrant and culturally diverse capital - one of the most exciting cities on Earth.
As part of our commitment to enhancing London’s status as an international financial centre, we offer a range of support for financial and related business services.
Our economic research provides policy-makers with well-focused analysis of the performance trends and needs of the London economy, particularly the City-based financial and business services clusters.
To support and promote the City, we work with domestic, EU and international decision makers and businesses to secure the best market, fiscal, regulatory and infrastructural environment in which enterprise and innovation can flourish. We also provide support for small and medium sized businesses coping with the economic downturn.
The City of London Corporation: The City of London Corporation, which provides local government services for the Square Mile, the financial and commercial heart of Britain, works nationally and internationally to maintain and enhance the City as a world-leading international financial and business centre. ..also w/video Link
Going Global Headline News For Tuesday, April 17, 2012 .. will continue to update ...
***G20, WTO, OECD, WEF, Tuesday, April 17th through April 20th, 2012, G20 ministers to seek trade increase at Mexico meeting ... (*snip ~ Nineteen ministers and six deputy ministers from the G20 and invited nations including Spain, Cambodia, New Zealand and Singapore were due to attend the April 18-20 meeting in the Mexican Pacific resort of Puerto Vallarta. The heads of the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) are also expected at the event.This immediately follows the World Economic Forum on Latin America, also in Puerto Vallarta, on April 17-18.)
*** US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
*April 20, 2012 ~ G20 Inches Toward Rescue; April Deal Possible ...
*Prostitution scandal ricochets through Washington
*Goldman Sachs doubles profits (Hmm .. That's Because Goldman Sachs Rules The World. Right?) ...
*Mexico’s Peso Rallies From Lowest Level in Almost Three Months ...
*IMF Credits Gold as a Safe-Haven Asset
*Iraq's National Alliance confirms its commitment to implement fully the terms of Erbil: Iraq's Speaker of the House, Najafi ...
*"The Iraqi dinar, which is the property of the people not the government" Deputy warned the Iraqi List of management of CBI under gov't supervision ..
*Iraq Oil Law ~ The Commission on oil and energy parliamentary: Ministry of Oil to begin work without a law regulating its work ...
*Iraq Primed To Be Essential Telecommunications Link Between Europe and Asia
*Iraq News For April 17, 2012 ...
*Iraqi Parliament Returns Thursday, April 19th, after reading the first and second laws of proponents
*Iraq's ambassador to Berlin: Germany is seeking greater economic alliance in the Middle East with Iraq - April 27th - NATO Economist - Artifacts....
*IMF ~ Outlook Slowly Improving but Remains Fragile
*New standards for financial market infrastructures issued by CPSS-IOSCO
*FDA Raids Herbal Distributor Over Cancer Remedies ...
*An End To China’s Imbalances?
*Credit Unions as Landlords May Increase
*Lagarde eyes $400 billion rise in IMF funds this week ...
*Tuesday, April 17th ~ Iraq participate in a meeting to resolve the crisis the Syrian Arab ...
*Iraq The three presidencies will meet to overcome the political crisis
*Near the adoption of a law banning the Baath
*A forthcoming meeting of the three presidencies
*Hafiz: Deposit money banks in Iraq better than the European American protection ...
*Maliki heads a meeting to accelerate the implementation of vital projects
*Iraq and Kuwait ~ Kuwait has released 199 prisoners Iraqi ... Including 27 during the current year
*The law hopes to unravel the political alliances. Iraqi Kurdistan declares agreement with national confidence on Maliki!!
*UN toughens North Korea sanctions over rocket launch
*The Banksters Ultimate Dream: A Cashless Society, Starting With the Military
*World Bank picks health expert Kim as president ...
*Are We Witnessing The Rise and Fall of Babylon? ...
*Sadr has hinted a few days ago to the possibility of the nomination for Prime Minister, Dr. Qusay al-Suhail, a national figure from Sadrist movement
*April 29th Meeting between UN, Kuwait and Iraq ...
*Going Global Headline News For Monday, April 16, 2012 ...
Prostitution scandal ricochets through Washington
April 17, 2012
Prostitution scandal ricochets through Washington
The Secret Service prostitution scandal escalated Tuesday with the disclosure that at least 20 women had been in hotel rooms with U.S. agents and military personnel just before President Barack Obama arrived for a summit with Latin American leaders. The head of the Secret Service said he had referred the matter to an independent government investigator.
Secret Service Director Mark Sullivan, shuttling between briefings for lawmakers on Capitol Hill, was peppered with questions about whether the women had access to sensitive information that could have jeopardized Obama's security.
Sullivan said the 11 Secret Service agents and 10 military personnel under investigation were telling different stories about who the women were. Sullivan has dispatched more investigators to Columbia to interview the women, said Rep. Peter King, R-N.Y., chairman of the House Homeland Security Committee.
Read Full Article .. Here
Prostitution scandal ricochets through Washington
The Secret Service prostitution scandal escalated Tuesday with the disclosure that at least 20 women had been in hotel rooms with U.S. agents and military personnel just before President Barack Obama arrived for a summit with Latin American leaders. The head of the Secret Service said he had referred the matter to an independent government investigator.
Secret Service Director Mark Sullivan, shuttling between briefings for lawmakers on Capitol Hill, was peppered with questions about whether the women had access to sensitive information that could have jeopardized Obama's security.
Sullivan said the 11 Secret Service agents and 10 military personnel under investigation were telling different stories about who the women were. Sullivan has dispatched more investigators to Columbia to interview the women, said Rep. Peter King, R-N.Y., chairman of the House Homeland Security Committee.
Read Full Article .. Here
Goldman Sachs doubles profits (Hmm .. That's Because Goldman Sachs Rules The World. Right?) ...
April 17, 2012
Goldman Sachs doubles profits
NEW YORK: Wall Street titan Goldman Sachs on Tuesday booked a $2.1 billion profit for the first quarter, more than doubling the amount made at the same time last year and smashing market expectations.
Lower revenues in the company's all important investment banking unit - as well as fixed income, commodities, currency and underwriting - were offset by higher revenues from financial advisory and stock investments.
"We are pleased with the firm's solid performance for the quarter," said Lloyd Blankfein, Chief Executive Officer.
"Stronger global markets, together with the firm's deep and broad client franchise, drove improved results across most of our businesses."
In the first quarter of 2011 Goldman Sachs had posted earnings of roughly one billion dollars.
This year earnings per share hit $3.92, more than the $3.55 predicted by investors.
The firm's salary bill dropped 16 percent compared to the same period in 2011, to $4.38 billion.
The company's effective income tax rate for the first quarter was 34 percent
source
Mexico’s Peso Rallies From Lowest Level in Almost Three Months ...
Related articles .. link .. *Links ~ Mexico and U.S.April 17, 2012
Mexico’s Peso Rallies From Lowest Level in Almost Three Months
Mexico’s peso advanced from its lowest level since January after a Spanish bill sale eased concern Europe’s sovereign-debt crisis is getting worse and bolstered demand for higher-yielding assets.
“The debt sold very well,” Ramon Cordova, a currency trader at Banco Base SA in San Pedro Garza Garcia, Mexico, said in a phone interview. “That is what is generating some risk appetite here in Mexico.”
Mexico’s currency has rallied 6.3 percent against its U.S. counterpart this year for the best performance among the 16 most-traded currencies tracked by Bloomberg. The currency gained as the economy of the U.S., Mexico’s biggest trading partner, showed signs of recovery.
The peso appreciated for the first time in three days, advancing 0.8 percent to 13.1070 per U.S. dollar at 4 p.m. in Mexico City. The currency touched 13.2960 yesterday, the weakest level since Jan. 19.
Mexico’s currency also climbed after the International Monetary Fund increased its outlook for global growth in 2012 to 3.5 percent from 3.3 percent and lifted its forecast for U.S. expansion to 2.1 percent from 1.8 percent. The U.S. is the destination of 80 percent of Mexican exports.
“It’s something that’s positive for the peso,” Cordova said.
Iraq's ambassador to Berlin: Germany is seeking greater economic alliance in the Middle East with Iraq - April 27th - NATO Economist - Artifacts....
Tuesday 17, 2012
Iraq's ambassador to Berlin: Germany is seeking to establish greater economic alliance in the Middle East with Iraq
Baghdad, Said the Iraqi ambassador to Germany Hassan Al-Khatib, Tuesday, the German government is seeking to establish the largest NATO economist in the Middle East with Iraq, pointing out that the assurances that had been issued by officials Germans recently uncovered that Iraq will receive in the twenty-seventh of April artifacts other Munich.
The Foreign Relations Committee of Deputies in a statement issued today on the sidelines of hosting Iraq's ambassador to Germany Hassan Al-Khatib, and received "Alsumaria News", a copy of it, that "the Committee discussed with the Iraqi ambassador in Berlin, the work of the embassy and its role in supporting the political process in Iraq," indicating that "the Committee also discussed the polarization of the investment companies and care of the Iraqi community in Germany."
Iraq's ambassador to Berlin: Germany is seeking to establish greater economic alliance in the Middle East with Iraq
Baghdad, Said the Iraqi ambassador to Germany Hassan Al-Khatib, Tuesday, the German government is seeking to establish the largest NATO economist in the Middle East with Iraq, pointing out that the assurances that had been issued by officials Germans recently uncovered that Iraq will receive in the twenty-seventh of April artifacts other Munich.
The Foreign Relations Committee of Deputies in a statement issued today on the sidelines of hosting Iraq's ambassador to Germany Hassan Al-Khatib, and received "Alsumaria News", a copy of it, that "the Committee discussed with the Iraqi ambassador in Berlin, the work of the embassy and its role in supporting the political process in Iraq," indicating that "the Committee also discussed the polarization of the investment companies and care of the Iraqi community in Germany."
"The Iraqi dinar, which is the property of the people not the government" Deputy warned the Iraqi List of management of CBI under gov't supervision ..
Tuesday, April 17, 2012
Deputy warned the Iraqi List, the introduction of the management of the Central Bank under government supervision.
The MP said Khalid al-Alwani said in a statement received by all of Iraq [where] a copy of it today that "the central bank is one of the independent bodies that are subject to the supervision of the House of Representatives because it protects the Iraqi dinar, which is the property of the people not the government."
Alwani and warned "the process of entering the Central Bank under penalty of government oversight, calling Balmadmr and very dangerous," adding that "its survival as an independent body linked to the Council of Representatives of the best linked to the executive branch."
Deputy warned the Iraqi List, the introduction of the management of the Central Bank under government supervision.
The MP said Khalid al-Alwani said in a statement received by all of Iraq [where] a copy of it today that "the central bank is one of the independent bodies that are subject to the supervision of the House of Representatives because it protects the Iraqi dinar, which is the property of the people not the government."
Alwani and warned "the process of entering the Central Bank under penalty of government oversight, calling Balmadmr and very dangerous," adding that "its survival as an independent body linked to the Council of Representatives of the best linked to the executive branch."
Iraq's National Alliance confirms its commitment to implement fully the terms of Erbil: Iraq's Speaker of the House, Najafi ...
(file photo 2011)Wednesday 04/18/2012
Najafi: National Alliance confirms its commitment to implement fully the terms of Arbil
Baghdad, The President of the House of Representatives Osama Najafi, Monday, the receipt of a letter from the National Alliance moved, Vice President of the Republic Khodair al confirming its commitment to implement the terms of the Erbil completely undiminished, with the start to speed up the preparatory meetings of the Committee, while stressing on the availability of the necessary guarantees coupled with a specific time duration.
FDA Raids Herbal Distributor Over Cancer Remedies ...
Tuesday, April 17, 2012
FDA Raids Herbal Distributor Over Cancer Remedies
It’s no secret that the FDA is responsible for some of the most vastly detrimental products on the consumer market, but did you know that they are capable of raiding and confiscating ‘potentially harmful’ substances that only they arbitrate?
Indeed, the FDA, known benefactors of big pharma, have been succeeding in their rampage across natural health remedy stores, and they could be coming to your town next.
After an alleged complaint against the ‘Notion-n-things’ store in Missouri, the State department of Health and Senior Services managed to embargo the company’s herbal products. Only as recently as three weeks ago did the district judge sign the order for seizure of those products.
Remember, this is the same organization that has declared walnuts to be illegal drugs.
FDA Raids Herbal Distributor Over Cancer Remedies
It’s no secret that the FDA is responsible for some of the most vastly detrimental products on the consumer market, but did you know that they are capable of raiding and confiscating ‘potentially harmful’ substances that only they arbitrate?
Indeed, the FDA, known benefactors of big pharma, have been succeeding in their rampage across natural health remedy stores, and they could be coming to your town next.
After an alleged complaint against the ‘Notion-n-things’ store in Missouri, the State department of Health and Senior Services managed to embargo the company’s herbal products. Only as recently as three weeks ago did the district judge sign the order for seizure of those products.
Remember, this is the same organization that has declared walnuts to be illegal drugs.
Iraq Oil Law ~ The Commission on oil and energy parliamentary: Ministry of Oil to begin work without a law regulating its work ...
2012-04-17The Commission on oil and energy parliamentary: Ministry of Oil to begin work without a law regulating its work
بغداد (إيبا)... BAGHDAD
She is a member of the Commission on oil and energy parliamentary Susan Saad declared that delayed the enactment of the reason oil and gas projects delayed legislation four important laws.
Saad said in a statement received by the independent press
The Federal Oil Ministry are working to initiate a law regulating its work and that of the draft law of oil and gas of great importance but at the same time has become a matter of controversy between the political blocs, especially after the delay passed nearly five years as a result of the lack of political consensus on it.
She said no law was passed by the House legislation has caused delays in four important laws passed and that the substrate is the basis for the legislation of laws associated with it four of the law of the national oil company and the division of financial Allwaradat from the export of oil in addition to the salaries of the law of peace and the Oil Ministry.
Saad concluded by saying that the delay in approving oil and gas law has several disadvantages, including problems that appear from time to time between oil-producing provinces, particularly in the Kurdistan region in addition to the delayed legislation of certain laws to which it links.
source
US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
Related articles .. link .. April 20, 2012 ~ G20 Inches Toward Rescue; April Deal Possible ... .. and .. link .. World Bank successor is to be made public by the time IMF and World Bank Meets For its semi-annual meeting April 20-22-2012
and .. link .. G20 - 2010-2011 ~ Exchange Rates ...G20 -2011 Links
Thanks bama for article below ...:-)
April 17, 2012
US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
International exchange-rate and reserve policies will be up for discussion when finance ministers and central bankers gather in Washington this week for meetings at the World Bank and International Monetary Fund, the U.S. Treasury Department said Monday.
Finance ministers from the Group of 20 industrialized nations are slated to meet later this week during the annual spring meetings in Washington. While much of the focus is expected to be ongoing efforts to bolster European stability, the Treasury said in a release that officials will also "review efforts to strengthen surveillance of members' exchange-rate and international reserve policies."
read full article Here
and .. link .. G20 - 2010-2011 ~ Exchange Rates ...G20 -2011 Links
Thanks bama for article below ...:-)
April 17, 2012
US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
International exchange-rate and reserve policies will be up for discussion when finance ministers and central bankers gather in Washington this week for meetings at the World Bank and International Monetary Fund, the U.S. Treasury Department said Monday.
Finance ministers from the Group of 20 industrialized nations are slated to meet later this week during the annual spring meetings in Washington. While much of the focus is expected to be ongoing efforts to bolster European stability, the Treasury said in a release that officials will also "review efforts to strengthen surveillance of members' exchange-rate and international reserve policies."
read full article Here
Iraq News For April 17, 2012 ...
Political News
*Liberty residents accuse the government of Iraq by preventing the supply of gasoline to the camp and prevent the disabled and sick to travel by car
*Cabinet approves the granting of border forces additional financial allocations
*Deputy for white: Parliament to speed up the extension of the work of the Electoral Commission before the end of its functions
*Parliament postpones vote on the extension of the work of the Electoral Commission to Thursday
*Ali al-Timimi: the rule of law you want to postpone or cancel the elections through the stenosis on the Commission
Economic News
*Iraqi Stock Exchange index down by 1.04% in Tuesday's session
*Opening of the municipal water project
*Basra port receives seven vessels with a tonnage of a variety of
*Ministry of Agriculture initiated the implementation of a project specialist for the Air Anwae agricultural
*First trip to Kuwait's Jazeera Airways will arrive at the airport in Najaf this afternoon
*Liberty residents accuse the government of Iraq by preventing the supply of gasoline to the camp and prevent the disabled and sick to travel by car
*Cabinet approves the granting of border forces additional financial allocations
*Deputy for white: Parliament to speed up the extension of the work of the Electoral Commission before the end of its functions
*Parliament postpones vote on the extension of the work of the Electoral Commission to Thursday
*Ali al-Timimi: the rule of law you want to postpone or cancel the elections through the stenosis on the Commission
Economic News
*Iraqi Stock Exchange index down by 1.04% in Tuesday's session
*Opening of the municipal water project
*Basra port receives seven vessels with a tonnage of a variety of
*Ministry of Agriculture initiated the implementation of a project specialist for the Air Anwae agricultural
*First trip to Kuwait's Jazeera Airways will arrive at the airport in Najaf this afternoon
An End To China’s Imbalances?
April 1, 2012
An End To China’s Imbalances?
Summary: Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China’s current account surplus and analyzing the prospects for the external surplus going forward.
The paper finds that China’s current account surplus should remain modest in the coming years. However, despite the fact that China’s medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that "rebalancing" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China’s external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment.
Electronic Access: Free Full text (PDF file size is 872KB).
Use the free Adobe Acrobat Reader to view this PDF file
source
An End To China’s Imbalances?
Summary: Global imbalances have been a central theme of the international economic policy debate for much of the last decade, prompted by large and sustained current account deficits in the U.S. and counterpart surpluses in China, Germany, and among many of the oil producers. This paper focuses on the current state of the external imbalance in China, examining the factors underlying the post-2008 drop in China’s current account surplus and analyzing the prospects for the external surplus going forward.
The paper finds that China’s current account surplus should remain modest in the coming years. However, despite the fact that China’s medium-term current account is likely to stay below its pre-crisis range, it is too early to conclude that "rebalancing" has been truly achieved in China. While imbalances do not currently seem to be manifesting themselves as a feature of China’s external accounts, the evidence increasingly points to a rising domestic imbalance as growth becomes increasingly dependent on very high levels of investment.
Electronic Access: Free Full text (PDF file size is 872KB).
Use the free Adobe Acrobat Reader to view this PDF file
source
Credit Unions as Landlords May Increase
April 15, 2012
Credit Unions as Landlords May Increase
Obama Administration Encourages Foreclosure Rentals
Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.
The Fed released a policy statement April 5 clarifying its position on the rental of residential real estate owned properties. The Fed doesn’t have authority over credit unions on the matter, but credit unions may be interested to know the paper ominously stated that “with mortgage delinquency rates remaining stubbornly high, the continued inflow of new real estate owned properties–expected to be millions more over the coming years–will continue to weigh on house prices for some time.”
Brent Taggart, senior vice president of client relations for the West Valley, Utah-based Green River Capital, said he thinks his credit union business will grow. The asset management firm currently has four credit union clients through a partnership with the $2.9 billion Mountain America Credit Union. Taggart said that while some housing markets in Arizona, Florida and California have rebounded, others have yet to hit rock bottom.
Credit Unions as Landlords May Increase
Obama Administration Encourages Foreclosure Rentals
Credit unions may find themselves increasingly playing the role of landlord, according to a recent Federal Reserve policy statement and a property management firm that serves credit unions.
The Fed released a policy statement April 5 clarifying its position on the rental of residential real estate owned properties. The Fed doesn’t have authority over credit unions on the matter, but credit unions may be interested to know the paper ominously stated that “with mortgage delinquency rates remaining stubbornly high, the continued inflow of new real estate owned properties–expected to be millions more over the coming years–will continue to weigh on house prices for some time.”
Brent Taggart, senior vice president of client relations for the West Valley, Utah-based Green River Capital, said he thinks his credit union business will grow. The asset management firm currently has four credit union clients through a partnership with the $2.9 billion Mountain America Credit Union. Taggart said that while some housing markets in Arizona, Florida and California have rebounded, others have yet to hit rock bottom.
Lagarde eyes $400 billion rise in IMF funds this week ...
April 17, 2012Lagarde eyes $400 billion rise in IMF funds this week
IMF chief Christine Lagarde hopes to gain broad consensus on a more than $400 billion rise in the fund's firepower this week, an Italian newspaper on Tuesday quoted her as saying, though it may take some time to gain final commitments.
read more .. Here
IMF Credits Gold as a Safe-Haven Asset
April 16, 2012
IMF Credits Gold as a Safe-Haven Asset
The International Monetary Fund recently said that it expects commodity prices to fall this year as the global economy remains weak. In the organization’s World Economic Outlook, it said, “Sizable downside risks to global growth also pose risks of further downward adjustment in commodity prices.” The ongoing European debt crisis is slowing creeping back into focus as Spain faces rising interest rates. While safe-havens in the current financial system are limited, the IMF recognizes gold as an option for investors seeking portfolio protection.
Read more Here
IMF Credits Gold as a Safe-Haven Asset
The International Monetary Fund recently said that it expects commodity prices to fall this year as the global economy remains weak. In the organization’s World Economic Outlook, it said, “Sizable downside risks to global growth also pose risks of further downward adjustment in commodity prices.” The ongoing European debt crisis is slowing creeping back into focus as Spain faces rising interest rates. While safe-havens in the current financial system are limited, the IMF recognizes gold as an option for investors seeking portfolio protection.
Read more Here
IMF ~ Outlook Slowly Improving but Remains Fragile
April 17, 2012
Outlook Slowly Improving but Remains Fragile
*World output projected to grow 3.5 percent in 2012, recovering to 4.1 percent next year
*Risks remain elevated, particularly from Europe and oil
*Emerging markets and developing countries doing relatively well
Prospects for the global economy are slowly improving again, but growth is expected to be weak, especially in Europe, and unemployment in many advanced economies will stay high, according to the IMF’s latest forecast.
Fukushima poses lethal risk to US West Coast, says Senator — Another bomb waiting to go off — Extreme nuclear vulnerability + more ...
April 24, 2012Fukushima poses lethal risk to US West Coast, says Senator — Another bomb waiting to go off - Extreme nuclear vulnerability ...
Oregon Sen. Ron Wyden’s recent daylong field trip from Tokyo to the zone of Japan’s nuclear devastation is worth at least a week in the telling. Bunny-suited with a breathing device for protection against radiation exposure, Wyden walked through the ruined Fukushima Dai-ichi complex and saw what few from the West have seen: another bomb waiting to go off.
The senator is not typically alarmist. But his field notes, followed by letters to Secretary of State Hillary Clinton and Energy Secretary Steven Chu, signal alarm. They paint a picture of extreme nuclear vulnerability, especially in Reactor No. 4.
Wyden completed his tour by asking Japan, with written urgings for help from Clinton and Chu, to sharply speed up a cleanup expected to take 10 more years. His fear is that another big seismic event will trigger another disaster before the cleanup is completed — exposing Oregon and the West Coast to potentially lethal risk.
“What we learned the first time is that radioactivity leaks out quickly,” he told The Oregonian Friday. “If (No. 4) ruptures now, it gets into the air, and that’s very troubling to us in Oregon. This must not happen.” [...]
AND MORE - LATEST HEADLINES
*Washington Post: Closing reactors causing a “mess” after “non-catastrophic” Fukushima crisis — Argues for building more nuke plants in US
*Tepco to dump groundwater from under reactor buildings into ocean — Kyodo: 1,000 tons a day; “Tepco would check contamination level before releasing it”
*The Economist: ‘Astounding’ that health of people near Fukushima Daiichi not being tracked
*Book by Fukushima Worker: Bottom of Daini reactor may be ‘broken through’ — Rumors of possible explosion
*2 Years Later* Professor: Microbes in Gulf attacking things other than oil? Very large increase in crab and lobster with appendages falling off — High incidence of eyeless shrimp… More (VIDEO)
*White sheets covering surface of Spent Fuel Pool No. 4 seen during top official’s tour of Fukushima Daiichi (PHOTO)
*Nuclear consultant examines No. 4 spent fuel pool scenarios: Loss of Water vs. Scattering of Fuel Rods
*Nuclear expert raises doubts about support columns under Spent Fuel Pool No.4 at Fukushima Daiichi (PHOTOS)
New standards for financial market infrastructures issued by CPSS-IOSCO
April 16, 2012
New standards for financial market infrastructures issued by CPSS-IOSCO
The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published three documents that promote global efforts to strengthen financial market infrastructures (FMIs): a report entitled Principles for financial market infrastructures; 1 a consultation paper on an assessment methodology for these new standards; and a consultation paper on a disclosure framework for the standards.
New and more demanding international standards for payment, clearing and settlement systems, including central counterparties, have today been issued by the CPSS and IOSCO in a report titled Principles for financial market infrastructures.
Among other things, the standards will provide important support for the G20 strategy to make the financial system more resilient by making central clearing of standardised OTC derivatives mandatory.
CPSS and IOSCO members will strive to adopt the new standards by the end of 2012. Financial market infrastructures (FMIs) are expected to observe the standards as soon as possible.
read full report Here
New standards for financial market infrastructures issued by CPSS-IOSCO
The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published three documents that promote global efforts to strengthen financial market infrastructures (FMIs): a report entitled Principles for financial market infrastructures; 1 a consultation paper on an assessment methodology for these new standards; and a consultation paper on a disclosure framework for the standards.
New and more demanding international standards for payment, clearing and settlement systems, including central counterparties, have today been issued by the CPSS and IOSCO in a report titled Principles for financial market infrastructures.
Among other things, the standards will provide important support for the G20 strategy to make the financial system more resilient by making central clearing of standardised OTC derivatives mandatory.
CPSS and IOSCO members will strive to adopt the new standards by the end of 2012. Financial market infrastructures (FMIs) are expected to observe the standards as soon as possible.
read full report Here
Iraq Primed To Be Essential Telecommunications Link Between Europe and Asia
April 17, 2012Iraq Primed To Be Essential Telecommunications Link Between Europe and Asia
Iraq as a country has been embroiled in war and armed violence throughout the majority of the previous two decades but in light of the current climate in its neighboring countries, Iraq looks to be one of if not the most stable nations currently in the region. This relative stability coupled with its strategic geographic location for directly routing telecommunications cables connecting Saudi Arabia and Asia with Europe is making the country a prime contender in the region to shoulder much of the cable routing for the expected boom in internet use in the Gulf in the years to come.
Russia's Arctic Seas, ARC, Oil and Gas ...
Russia's Arctic Seas
Rosneft launched projects in the Kara and Barents Seas in 2010 after obtaining four licenses to explore Russia's Arctic shelf. Three of the licenses relate to blocks in the Kara Sea (East Prinovozemelsky 1, 2 and 3) and the fourth one is for the South-Russky block in the Pechora Sea. The blocks are estimated to hold 21.5 billion tons of oil equivalent.
Kara Sea
The Kara Sea is an extension of the West Siberian oil and gas province, which accounts for 60 percent of Russia's current oil production. The sea is 40-350 meters deep with difficult ice conditions (ice-bound for 270-300 days a year). Winter temperatures plunge to minus 46˚С. Ice ranges in thickness from 1.2 to 1.6 meters. The Prinovozemelsky blocks of the Kara Sea have been explored using 2D seismic. Estimated recoverable oil resources in the three blocks stand at 6.2 billion tons and hydrocarbon resources at up to 20.9 billion tons of oil equivalent.
Estimated recoverable resources at East Prinovozemelsky blocks 1, 2 and 3 in the Kara Sea.
East Prinovozemelsky block 1
oil – 3.33 bln tons
gas – 3.317 bln m3
East Prinovozemelsky block 2
oil – 1.82 bln tons
gas – 2.733 bln m3
East Prinovozemelsky block 3
oil – 1.118 bln tons
gas – 8.54 bln m3
Geological studies of the South Kara basin have identified a number of major prospective structures such as Universitetsky, Vikulovsky, Tatarinov, Rozhdestvensky, Kropotkinsky, Rogozinsky, Rozevsky, East Anabarsky, Matusevich and Vilkitsky.
Further 2D and 3D seismic study of the Prinovozemelsky blocks is planned for 2012-2016. The first wildcat well is scheduled for drilling in 2015.
Cooperation between Rosneft and ExxonMobil in the Kara Sea and the creation of an Arctic Research and Design Center for Offshore Developments (ARC)
In the autumn of 2011 Rosneft and ExxonMobil signed a strategic cooperation agreement for joint development of the three East Prinovozemelsky blocks in the Kara Sea.
As part of the partnership, the two companies will link up to create an Arctic Research and Design Center for Offshore Developments (ARC) in St. Petersburg, which will focus on research and development. It is to become Russia's first competence center capable of solving all the tasks the company will face when developing shelf deposits.
It will gather global and Russian expertise, develop key competences needed to develop shelf deposits and create new underwater production technologies, including developing ice-class drilling platforms, ships and rigs and underwater systems for oil preparation and shipment.
Barents Sea
In the South Russky block of the Barents Sea lies the North Gulyaev deposit, which contains 13 million tons of C1+C2 oil and 52 billion cubic meters of gas.
Rosneft experts have conducted comprehensive geological and geophysical surveys on the South Russky block to evaluate hydrocarbon resources and geological risks. They have graded the most promising sites and identified key exploration areas.
The work carried out by company experts has helped develop an understanding of the field's key forecast oil-and-gas-bearing zones and formulate an exploration plan for 2012 in order to gain a deeper understanding and more detailed knowledge of prime sites and prepare them for test drilling in the coming years.
Environment
The basic principle of shelf project implementation is unreserved compliance with the tough requirements of Russia's environmental legislation and international agreements at all stages – from design to the completion of drilling and well abandonment.
Rosneft and ExxonMobil experts intend to pay special attention to environmental safety and interaction with the region's indigenous population.
Environmental impact assessment will be one of the key functions of the Arctic Research and Design Center for Offshore Developments. It will be used to monitor and evaluate the impact of each shelf project on the environment as well as monitor and prevent emergencies.
source
Rosneft launched projects in the Kara and Barents Seas in 2010 after obtaining four licenses to explore Russia's Arctic shelf. Three of the licenses relate to blocks in the Kara Sea (East Prinovozemelsky 1, 2 and 3) and the fourth one is for the South-Russky block in the Pechora Sea. The blocks are estimated to hold 21.5 billion tons of oil equivalent.
Kara Sea
The Kara Sea is an extension of the West Siberian oil and gas province, which accounts for 60 percent of Russia's current oil production. The sea is 40-350 meters deep with difficult ice conditions (ice-bound for 270-300 days a year). Winter temperatures plunge to minus 46˚С. Ice ranges in thickness from 1.2 to 1.6 meters. The Prinovozemelsky blocks of the Kara Sea have been explored using 2D seismic. Estimated recoverable oil resources in the three blocks stand at 6.2 billion tons and hydrocarbon resources at up to 20.9 billion tons of oil equivalent.
Estimated recoverable resources at East Prinovozemelsky blocks 1, 2 and 3 in the Kara Sea.
East Prinovozemelsky block 1
oil – 3.33 bln tons
gas – 3.317 bln m3
East Prinovozemelsky block 2
oil – 1.82 bln tons
gas – 2.733 bln m3
East Prinovozemelsky block 3
oil – 1.118 bln tons
gas – 8.54 bln m3
Geological studies of the South Kara basin have identified a number of major prospective structures such as Universitetsky, Vikulovsky, Tatarinov, Rozhdestvensky, Kropotkinsky, Rogozinsky, Rozevsky, East Anabarsky, Matusevich and Vilkitsky.
Further 2D and 3D seismic study of the Prinovozemelsky blocks is planned for 2012-2016. The first wildcat well is scheduled for drilling in 2015.
Cooperation between Rosneft and ExxonMobil in the Kara Sea and the creation of an Arctic Research and Design Center for Offshore Developments (ARC)
In the autumn of 2011 Rosneft and ExxonMobil signed a strategic cooperation agreement for joint development of the three East Prinovozemelsky blocks in the Kara Sea.
As part of the partnership, the two companies will link up to create an Arctic Research and Design Center for Offshore Developments (ARC) in St. Petersburg, which will focus on research and development. It is to become Russia's first competence center capable of solving all the tasks the company will face when developing shelf deposits.
It will gather global and Russian expertise, develop key competences needed to develop shelf deposits and create new underwater production technologies, including developing ice-class drilling platforms, ships and rigs and underwater systems for oil preparation and shipment.
Barents Sea
In the South Russky block of the Barents Sea lies the North Gulyaev deposit, which contains 13 million tons of C1+C2 oil and 52 billion cubic meters of gas.
Rosneft experts have conducted comprehensive geological and geophysical surveys on the South Russky block to evaluate hydrocarbon resources and geological risks. They have graded the most promising sites and identified key exploration areas.
The work carried out by company experts has helped develop an understanding of the field's key forecast oil-and-gas-bearing zones and formulate an exploration plan for 2012 in order to gain a deeper understanding and more detailed knowledge of prime sites and prepare them for test drilling in the coming years.
Environment
The basic principle of shelf project implementation is unreserved compliance with the tough requirements of Russia's environmental legislation and international agreements at all stages – from design to the completion of drilling and well abandonment.
Rosneft and ExxonMobil experts intend to pay special attention to environmental safety and interaction with the region's indigenous population.
Environmental impact assessment will be one of the key functions of the Arctic Research and Design Center for Offshore Developments. It will be used to monitor and evaluate the impact of each shelf project on the environment as well as monitor and prevent emergencies.
source
Exxon-Rosneft Deal Signed in Putin's Presence
17 April 2012
Exxon-Rosneft Deal Signed in Putin's Presence
Rosneft, whose logo is pictured above, signed a partnership deal with U.S. oil giant Exxon Mobil.
ExxonMobil agreed to grant Rosneft access to North American projects in a deal for Arctic resources overseen by Prime Minister Vladimir Putin.
Exxon chief executive Rex Tillerson and Rosneft CEO Eduard Khudainatov signed agreements Monday at Putin's Novo-Ogaryovo residence near Moscow on setting up joint ventures to explore Russian offshore blocks in the Kara and Black Seas, which may cost as much as $350 billion to develop, Putin's deputy for energy, Igor Sechin, told reporters at the ceremony.
Rosneft is acquiring 30 percent of Exxon's unconventional La Escalera Ranch project in western Texas and Harmattan acreage in the Cardium formation in Alberta, Canada and gained the right to 30 percent of 20 Gulf of Mexico blocks, according to a statement from the companies.
"Now we take our relationship to a new dimension," Tillerson said to Putin, who is also president-elect. "We become global strategic partners."
Russia is offering billions of barrels of resources for access to projects abroad and the technology it needs to exploit its own complex deposits in increasingly harsh environments as traditional resources decline. Rosneft and Exxon, which agreed on the partnership in August last year, confirmed Monday an initial $3.2 billion investment to explore in the Arctic Kara Sea and the Black Sea.
"Any substantial reserves in the United States were inaccessible to Rosneft without Exxon's involvement," said Michael Kart, managing partner at Spectrum Partners, which manages $150 million in assets including Rosneft shares. "It is a political move rather than a purely economical one."
Exxon will be able to book reserves, Sechin said. The Kara Sea project may include 15 platforms and require $200 billion to $300 billion of investment, while the Black Sea project may cost about $50 billion, he said.
"Russia needs to open up new sources of oil and gas for the next decade while the Arctic is probably the last undeveloped province that a major producer such as ExxonMobil can access to replenish its reserve and production base," said Chris Weafer, chief strategist at UralSib Financial.
The companies will also study the potential for so-called tight oil fields in western Siberia, according to their agreements.
Putin last week offered tax breaks of as long as 15 years to new offshore projects in Russia. Tillerson thanked Putin for the tax incentives.
Rosneft in turn aims to leverage the Exxon deal to expand internationally and add $100 billion to its value. Rosneft shares rose 0.4 percent to 210.89 rubles ($7) at the 6:45 p.m. close in Moscow, valuing the producer at about $75 billion.
Access to international reserves will cut a discount that investors assign Rosneft for being purely Russian, Khudainatov said in June last year.
Output in the Kara Sea blocks is too far away to be priced in today, Spectrum's Kart said. "It certainly gives some comfort that huge Arctic reserves are going to be realized with higher probability" given Exxon's involvement, he said.
Exxon replaced BP in the Kara Sea project with Rosneft last year. The British explorer's partners in Russia said their shareholder agreement gave the TNK-BP venture, Russia's third-largest oil producer, first rights to projects BP considered in the country.
Rosneft also invited LUKoil, TNK-BP, Surgutneftegas and Bashneft to jointly work on 12 offshore blocks, Khudainatov told reporters Monday.
Read more .. Here
Exxon-Rosneft Deal Signed in Putin's Presence
Rosneft, whose logo is pictured above, signed a partnership deal with U.S. oil giant Exxon Mobil.
ExxonMobil agreed to grant Rosneft access to North American projects in a deal for Arctic resources overseen by Prime Minister Vladimir Putin.
Exxon chief executive Rex Tillerson and Rosneft CEO Eduard Khudainatov signed agreements Monday at Putin's Novo-Ogaryovo residence near Moscow on setting up joint ventures to explore Russian offshore blocks in the Kara and Black Seas, which may cost as much as $350 billion to develop, Putin's deputy for energy, Igor Sechin, told reporters at the ceremony.
Rosneft is acquiring 30 percent of Exxon's unconventional La Escalera Ranch project in western Texas and Harmattan acreage in the Cardium formation in Alberta, Canada and gained the right to 30 percent of 20 Gulf of Mexico blocks, according to a statement from the companies.
"Now we take our relationship to a new dimension," Tillerson said to Putin, who is also president-elect. "We become global strategic partners."
Russia is offering billions of barrels of resources for access to projects abroad and the technology it needs to exploit its own complex deposits in increasingly harsh environments as traditional resources decline. Rosneft and Exxon, which agreed on the partnership in August last year, confirmed Monday an initial $3.2 billion investment to explore in the Arctic Kara Sea and the Black Sea.
"Any substantial reserves in the United States were inaccessible to Rosneft without Exxon's involvement," said Michael Kart, managing partner at Spectrum Partners, which manages $150 million in assets including Rosneft shares. "It is a political move rather than a purely economical one."
Exxon will be able to book reserves, Sechin said. The Kara Sea project may include 15 platforms and require $200 billion to $300 billion of investment, while the Black Sea project may cost about $50 billion, he said.
"Russia needs to open up new sources of oil and gas for the next decade while the Arctic is probably the last undeveloped province that a major producer such as ExxonMobil can access to replenish its reserve and production base," said Chris Weafer, chief strategist at UralSib Financial.
The companies will also study the potential for so-called tight oil fields in western Siberia, according to their agreements.
Putin last week offered tax breaks of as long as 15 years to new offshore projects in Russia. Tillerson thanked Putin for the tax incentives.
Rosneft in turn aims to leverage the Exxon deal to expand internationally and add $100 billion to its value. Rosneft shares rose 0.4 percent to 210.89 rubles ($7) at the 6:45 p.m. close in Moscow, valuing the producer at about $75 billion.
Access to international reserves will cut a discount that investors assign Rosneft for being purely Russian, Khudainatov said in June last year.
Output in the Kara Sea blocks is too far away to be priced in today, Spectrum's Kart said. "It certainly gives some comfort that huge Arctic reserves are going to be realized with higher probability" given Exxon's involvement, he said.
Exxon replaced BP in the Kara Sea project with Rosneft last year. The British explorer's partners in Russia said their shareholder agreement gave the TNK-BP venture, Russia's third-largest oil producer, first rights to projects BP considered in the country.
Rosneft also invited LUKoil, TNK-BP, Surgutneftegas and Bashneft to jointly work on 12 offshore blocks, Khudainatov told reporters Monday.
Read more .. Here
Monday, April 16, 2012
Tuesday, April 17th ~ Iraq participate in a meeting to resolve the crisis the Syrian Arab ...
17/04/2012Iraq participate in a meeting to resolve the crisis the Syrian Arab
Held in Doha today and deals with the government project to calm the situation
Cairo - Isra Khalifa
launched on Tuesday the realization of the Arab Ministerial Committee on the affairs of Syria with the participation of Iraq in his capacity as president of the Arab summit, the current, where will head the delegation of Iraq Foreign Minister Hoshyar Zebari.
and announced that the Arab League, the UN envoy joint Arab Kofi Annan will take part in the meeting of the Arab Ministerial Committee on the Syrian crisis, which will provide a comprehensive report of the Committee on its mission in light of the recent Security Council resolution on sending international observers to Syria to monitor the cease-fire, rapid spread them as soon as possible.
April 20, 2012 ~ G20 Inches Toward Rescue; April Deal Possible ...
Bumped .. G20 Finance .. link .. *Friday, April 20, 2012 - 9:00am .. G20 2nd Finance Ministers' & Central Bank Governors' Meeting ..
February 26, 2012
G20 Inches Toward Rescue; April Deal Possible
Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign debt crisis.
The Group of 20 major economies could agree on a deal to boost financing for the International Monetary Fund in April if Europeans strengthen their firewall and an IMF quota reform is ratified, Brazilian Finance Minister Guido Mantega said on Sunday.
Mantega said European nations agreed during the G20 meeting of financial chiefs that it was necessary to strengthen their firewall to prevent the spread of a crippling debt crisis. Mantega said European nations agreed during the G20 meeting of financial chiefs that it was necessary to strengthen their firewall to prevent the spread of a crippling debt crisis.
February 26, 2012G20 Inches Toward Rescue; April Deal Possible
Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent further fallout from the euro-zone's sovereign debt crisis.
The Group of 20 major economies could agree on a deal to boost financing for the International Monetary Fund in April if Europeans strengthen their firewall and an IMF quota reform is ratified, Brazilian Finance Minister Guido Mantega said on Sunday.
Mantega said European nations agreed during the G20 meeting of financial chiefs that it was necessary to strengthen their firewall to prevent the spread of a crippling debt crisis. Mantega said European nations agreed during the G20 meeting of financial chiefs that it was necessary to strengthen their firewall to prevent the spread of a crippling debt crisis.
G20, WTO, OECD, WEF, Tuesday, April 17th through April 20th, 2012, G20 ministers to seek trade increase at Mexico meeting ...
Related articles .. link .. G20 - 2010-2011 ~ Exchange Rates ...G20 -2011 Links ..
and also worth reading .. link .. *April 2012 ~ G20 Inches Toward Rescue; April Deal Possible ... ..
G20 Finance link .. *Friday, April 20, 2012 - 9:00am .. G20 2nd Finance Ministers' & Central Bank Governors' Meeting ..
and .. link .. *21 April - Doha: UNCTAD XIII “Development-centred globalization: Towards inclusive and sustainable growth and development” (till 26 April).
April 13, 2012
G20 economy and trade ministers will meet next week in Mexico to seek a boost in trade as part of efforts to tackle Europe's debt crisis, Mexican officials said Thursday.
and also worth reading .. link .. *April 2012 ~ G20 Inches Toward Rescue; April Deal Possible ... ..
G20 Finance link .. *Friday, April 20, 2012 - 9:00am .. G20 2nd Finance Ministers' & Central Bank Governors' Meeting ..
and .. link .. *21 April - Doha: UNCTAD XIII “Development-centred globalization: Towards inclusive and sustainable growth and development” (till 26 April).
April 13, 2012
G20 economy and trade ministers will meet next week in Mexico to seek a boost in trade as part of efforts to tackle Europe's debt crisis, Mexican officials said Thursday.
The Banksters Ultimate Dream: A Cashless Society, Starting With the Military
Related article .. must watch .. link .. *Trance-Formation - 1/7
link .. Links ~ Cashless Society ...
April 14, 2012
The Banksters Ultimate Dream: A Cashless Society, Starting With the Military
Why is a cashless society the holy grail of total tyrannical control for the Banksters? Because once your entire financial banking life is under the dominion of these criminals in the form of a card or an implanted chip, you will never again be free.
They are already tracking you, building a database about you and monitoring your every move. But once cash transactions are done away with entirely, if the Banksters (or fascist government) don’t like your point of view or politics, they can just turn your chip off. “And no one may buy or sell except one who has the mark or the name of the beast.” It’s all part of the Rockefeller plan as Hollywood producer Aaron Russo warned.
We recently received this note about the U.S. military’s implementation of the Eagle cash card, a misnomer since there’s NO CASH involved.
This is just another part of the slippery slope into a 100% fascist society, controlled by a tiny group of elite psychopaths. Here’s the note:
Read the rest here
link .. Links ~ Cashless Society ...
April 14, 2012
The Banksters Ultimate Dream: A Cashless Society, Starting With the Military
Why is a cashless society the holy grail of total tyrannical control for the Banksters? Because once your entire financial banking life is under the dominion of these criminals in the form of a card or an implanted chip, you will never again be free.
They are already tracking you, building a database about you and monitoring your every move. But once cash transactions are done away with entirely, if the Banksters (or fascist government) don’t like your point of view or politics, they can just turn your chip off. “And no one may buy or sell except one who has the mark or the name of the beast.” It’s all part of the Rockefeller plan as Hollywood producer Aaron Russo warned.
We recently received this note about the U.S. military’s implementation of the Eagle cash card, a misnomer since there’s NO CASH involved.
This is just another part of the slippery slope into a 100% fascist society, controlled by a tiny group of elite psychopaths. Here’s the note:
Read the rest here
Iraq and Kuwait ~ Kuwait has released 199 prisoners Iraqi ... Including 27 during the current year
17/04/2012
Kuwait has released 199 prisoners Iraqi ... Including 27 during the current year
BAGHDAD - Al Sabah
revealed the State of Kuwait Embassy in Baghdad announced the release of 199 prisoners Iraqis over the past years, including 27 prisoners this year. The embassy said in a statement received "morning," a copy of it yesterday: "The Embassy of the State of Kuwait progressing thanks and gratitude to the Iraqi leadership and both sought and helped to release the Kuwaiti citizen to war."
The statement continued: We find it pertinent to note that Kuwait has released many of the Iraqi prisoners amnesty Amiri, as it freed 111 prisoners since 2000 to the year 2005, and released two prisoners during the year 2006, and in 2007 released the 19, as released 15 prisoners last year, 2008, and 8 prisoners in 2009, and four prisoners in 2010, and in 2011, released 13 prisoners during the visit of Prime Minister Nuri al-Maliki of the State of Kuwait, confirmed the release of 27 prisoners during the year 2012. "
source
Kuwait has released 199 prisoners Iraqi ... Including 27 during the current year
BAGHDAD - Al Sabah
revealed the State of Kuwait Embassy in Baghdad announced the release of 199 prisoners Iraqis over the past years, including 27 prisoners this year. The embassy said in a statement received "morning," a copy of it yesterday: "The Embassy of the State of Kuwait progressing thanks and gratitude to the Iraqi leadership and both sought and helped to release the Kuwaiti citizen to war."
The statement continued: We find it pertinent to note that Kuwait has released many of the Iraqi prisoners amnesty Amiri, as it freed 111 prisoners since 2000 to the year 2005, and released two prisoners during the year 2006, and in 2007 released the 19, as released 15 prisoners last year, 2008, and 8 prisoners in 2009, and four prisoners in 2010, and in 2011, released 13 prisoners during the visit of Prime Minister Nuri al-Maliki of the State of Kuwait, confirmed the release of 27 prisoners during the year 2012. "
source
UN toughens North Korea sanctions over rocket launch
April 17, 2012UN toughens North Korea sanctions over rocket launch
The UN Security Council has ordered tightened sanctions on North Korea over its failed rocket launch and warned of new action if the isolated state stages a nuclear test.
The 15-member council -- including the North's closest ally China and nuclear-armed Pakistan -- "strongly condemned" the launch in a statement that highlighted "grave security concerns" in Asia.
The move came as Pyongyang reportedly said it would not allow International Atomic Energy Agency inspectors to examine its nuclear programme -- a key part of a deal reached with the US in February that would have seen the transfer of thousands of tonnes of much-needed food aid to the impoverished state.
At a meeting in New York on Monday the Security Council ordered new "entities and items" to be added within two weeks to the sanctions committee list created after North Korea staged nuclear tests in 2006 and 2009.
Maliki heads a meeting to accelerate the implementation of vital projects
17/04/2012Maliki heads a meeting to accelerate the implementation of vital projects
BAGHDAD - Al Sabah
Came out a meeting chaired by Prime Minister Nuri al-Maliki on the decisions stresses the need to speed up the implementation of vital projects and task.
According to a statement issued by the Office of the Prime Minister received the "morning," a copy of it, that al-Maliki presided over the meeting of the Ministerial Committee for Reconstruction and services, which includes the Ministries of Transport and Communications and Construction and Housing, Municipalities and Public Works and Health, Labour and Social Affairs and Immigration, immigrants, agriculture, environment and trade, in addition to the secretariat of Baghdad.
During the meeting discussed accelerating the completion of projects put forward in the agenda, including projects to rehabilitate the squares and streets of Baghdad airport, and a draft reform of main line streams of Baghdad, and discuss the passage of goods through the Iraq to different countries. The statement said the meeting yielded the decision-making and the necessary measures to continue to completion at a faster pace and overcome the obstacles that hinder the completion of vital projects and task.
source
Hafiz: Deposit money banks in Iraq better than the European American protection ...
17/04/2012Hafiz: Deposit money banks in Iraq better than the European American protection
After the support of central bank has asked the Government on the protection of
Baghdad - Haider Filaih Rubaie
criticized the expert and economic thinker Dr. Mahdi Al-Hafiz Iraq's claim to the United States to protect his money again, saying that these demands could deprive the country from the funds of an estimated $ 60 billion is the size of what has been deposited in Fed U.S., pointing out that the reason that government demand due to the confusion of monetary policy in Iraq and the lack of ability to protect the funds of the country, in the meantime, expressed surprise at the central bank asked the keeper, supported at the same time the Government's request to renew the protection money the country for another year, indicating that the the issue of protection nothing to do with monetary policy but rather related to legal issues and requests for creditors to claim that their financial dues owed by Iraq since the former regime.
A forthcoming meeting of the three presidencies
17/04/2012
A forthcoming meeting of the three presidencies
Baghdad, Omar Abdul Latif
Abdullah: three initiatives on the table now, and we support dialogue to resolve the dilemmas infallible: efforts to collect al-Maliki and Barzani .. And Talabani had not reached the state of despair
Tamimi: We fear that turning the conflict from a personal to a conflict may affect the political process
informed a member of the Preparatory Committee for the meeting of the National »Sabah» there are moves to hold an important meeting for the three presidencies with continued efforts to collect Prime Minister Nuri al-Maliki and President of Kurdistan Massoud Barzani on the table of dialogue two-sponsored by President Jalal Talabani. This comes at a time when he met the Speaker of Parliament Osama Najafi yesterday, Vice President of the Republic Khudair Khuzaie Vice President of the Republic, where the two sides discussed the developments in the political scene and ways to support and the success of the democratic process in Iraq by strengthening ties between the executive and legislative branches, and invest all efforts to reduce the widening rift between the political parties.
A forthcoming meeting of the three presidencies
Baghdad, Omar Abdul Latif
Abdullah: three initiatives on the table now, and we support dialogue to resolve the dilemmas infallible: efforts to collect al-Maliki and Barzani .. And Talabani had not reached the state of despair
Tamimi: We fear that turning the conflict from a personal to a conflict may affect the political process
informed a member of the Preparatory Committee for the meeting of the National »Sabah» there are moves to hold an important meeting for the three presidencies with continued efforts to collect Prime Minister Nuri al-Maliki and President of Kurdistan Massoud Barzani on the table of dialogue two-sponsored by President Jalal Talabani. This comes at a time when he met the Speaker of Parliament Osama Najafi yesterday, Vice President of the Republic Khudair Khuzaie Vice President of the Republic, where the two sides discussed the developments in the political scene and ways to support and the success of the democratic process in Iraq by strengthening ties between the executive and legislative branches, and invest all efforts to reduce the widening rift between the political parties.
Iraq The three presidencies will meet to overcome the political crisis
17/04/2012
The three presidencies will meet to overcome the political crisis
Kurdistan: Talabani, awaiting the return of Barzani, to hold a meeting with Maliki
BAGHDAD - Al Sabah
accelerated yesterday moves to hold an important meeting for the three presidencies to put points on the characters before the national meeting. and synchronized moves with continued efforts to collect Prime Minister Nuri al-Maliki and President of Kurdistan region Masoud Barzani on the table of dialogue bilateral under the auspices of President Jalal Talabani.
This comes at a time when he met the Speaker of Parliament Osama Najafi yesterday, both the Vice President of the Republic Khudair Khuzaie and Iraqi National Congress leader Ahmad Chalabi, both separately.
and yielded talks Nujaifi with Khuzaie and Chalabi, an agreement to make all efforts to resolve the political crisis current and the convergence of views between the parties and as provided for under the provisions of law and the Constitution, as Vice President of the Republic in a verbal message her pregnancy for the National Alliance commitment to the application as stated in the terms of the Arbil completely undiminished starting with the acceleration of the meetings of the Preparatory Committee.
The three presidencies will meet to overcome the political crisis
Kurdistan: Talabani, awaiting the return of Barzani, to hold a meeting with Maliki
BAGHDAD - Al Sabah
accelerated yesterday moves to hold an important meeting for the three presidencies to put points on the characters before the national meeting. and synchronized moves with continued efforts to collect Prime Minister Nuri al-Maliki and President of Kurdistan region Masoud Barzani on the table of dialogue bilateral under the auspices of President Jalal Talabani.
This comes at a time when he met the Speaker of Parliament Osama Najafi yesterday, both the Vice President of the Republic Khudair Khuzaie and Iraqi National Congress leader Ahmad Chalabi, both separately.
and yielded talks Nujaifi with Khuzaie and Chalabi, an agreement to make all efforts to resolve the political crisis current and the convergence of views between the parties and as provided for under the provisions of law and the Constitution, as Vice President of the Republic in a verbal message her pregnancy for the National Alliance commitment to the application as stated in the terms of the Arbil completely undiminished starting with the acceleration of the meetings of the Preparatory Committee.
Near the adoption of a law banning the Baath
17/04/2012
Near the adoption of a law banning the Baath
BAGHDAD - Muhannad Abdul Wahab - Shaima Rashid
sources said a representative for the "morning," said the draft law banning the Baath Party has become in its final stages in order to read the second reading this week in preparation for approval during the next term. has confirmed a member of the security and defense committee in the House of Representatives MP Abbas al-Bayati said "law banning the Baath party is necessary and important one of all the laws that the text of the Constitution on its legislation."
He al-Bayati, that he had been read a first reading before the three months and then referred to the Committee on Defense and Security and the Legal Committee and the Committee on Justice and Accountability. "and added that" the committees in charge of This law mandated to study it and put the amendments and additions to it, and we in the security committee studied this law has been assigned a sub-committee to study it, ought that this law is ready now for the second reading to be then passed by the House of Representatives.
Near the adoption of a law banning the Baath
BAGHDAD - Muhannad Abdul Wahab - Shaima Rashid
sources said a representative for the "morning," said the draft law banning the Baath Party has become in its final stages in order to read the second reading this week in preparation for approval during the next term. has confirmed a member of the security and defense committee in the House of Representatives MP Abbas al-Bayati said "law banning the Baath party is necessary and important one of all the laws that the text of the Constitution on its legislation."
He al-Bayati, that he had been read a first reading before the three months and then referred to the Committee on Defense and Security and the Legal Committee and the Committee on Justice and Accountability. "and added that" the committees in charge of This law mandated to study it and put the amendments and additions to it, and we in the security committee studied this law has been assigned a sub-committee to study it, ought that this law is ready now for the second reading to be then passed by the House of Representatives.
The law hopes to unravel the political alliances. Iraqi Kurdistan declares agreement with national confidence on Maliki!!
17/4/2012
The law hopes to unravel the political alliances. Iraqi Kurdistan declares agreement with national confidence on Maliki
Baghdad/Iraqi future
While trying the Iraqi list, with the cooperation of the Kurdistan Alliance and national coalition parties to withdraw confidence from the Maliki government, offset by a coalition of State law, harsh remarks tend to withdraw confidence in her that kind of fantasy, but on the other hand, correspond to these sounds, the views of the National Conference to resolve the political crisis for fear of taking the country to an unknown routes.
here, the Iraqi list revealed yesterday near the Declaration details understanding with the Kurdistan Alliance and the national coalition party and the blessing of religious references ” ” described b ” ” to replace President job Prime Minister Nuri al-Maliki was the Iraqi list, Iyad Allawi 's, had said last week it had begun moves to get what b ” ” national consensus to withdraw confidence from the Maliki government.
The law hopes to unravel the political alliances. Iraqi Kurdistan declares agreement with national confidence on Maliki
Baghdad/Iraqi future
While trying the Iraqi list, with the cooperation of the Kurdistan Alliance and national coalition parties to withdraw confidence from the Maliki government, offset by a coalition of State law, harsh remarks tend to withdraw confidence in her that kind of fantasy, but on the other hand, correspond to these sounds, the views of the National Conference to resolve the political crisis for fear of taking the country to an unknown routes.
here, the Iraqi list revealed yesterday near the Declaration details understanding with the Kurdistan Alliance and the national coalition party and the blessing of religious references ” ” described b ” ” to replace President job Prime Minister Nuri al-Maliki was the Iraqi list, Iyad Allawi 's, had said last week it had begun moves to get what b ” ” national consensus to withdraw confidence from the Maliki government.
World Bank picks health expert Kim as president ...
April 16, 2012
World Bank picks health expert Kim as president
The World Bank on Monday chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries frustrated with the selection process.
Kim, a physician and anthropologist who makes for a somewhat unorthodox choice to head the global anti-poverty lender, won the job over Nigeria's widely respected finance minister, Ngozi Okonjo-Iweala, with the support of Washington's allies in Western Europe, Japan and Canada - as well as some emerging economies.
It was the first time in the World Bank's history that the United States' hold on the job was challenged.
The decision by the World Bank's 25-member board was not unanimous, with emerging economies splitting their support. Brazil and South Africa backed Okonjo-Iweala, while three sources said China and India supported Kim.
World Bank picks health expert Kim as president
The World Bank on Monday chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries frustrated with the selection process.
Kim, a physician and anthropologist who makes for a somewhat unorthodox choice to head the global anti-poverty lender, won the job over Nigeria's widely respected finance minister, Ngozi Okonjo-Iweala, with the support of Washington's allies in Western Europe, Japan and Canada - as well as some emerging economies.
It was the first time in the World Bank's history that the United States' hold on the job was challenged.
The decision by the World Bank's 25-member board was not unanimous, with emerging economies splitting their support. Brazil and South Africa backed Okonjo-Iweala, while three sources said China and India supported Kim.
Going Global Headline News For Monday, April 16, 2012 ...
*Are We Witnessing The Rise and Fall of Babylon? ...*Sadr has hinted a few days ago to the possibility of the nomination for Prime Minister, Dr. Qusay al-Suhail, a national figure from Sadrist movement
*April 29th Meeting between UN, Kuwait and Iraq ...
*G20, WTO, OECD, WEF, Tuesday, April 17th through April 20th, 2012, G20 ministers to seek trade increase at Mexico meeting ...
*Start flights tomorrow between Najaf International Airport and Kuwait
*Senate Rejects Obama's 'Buffett Rule' on Taxes
*Under embargo? ..*April 17th ~ Chapters 1 and 2 of the World Economic Outlook which includes the latest forecasts will be released on Tuesday, April 17th ...
*Iraqi Parliament in session Tuesday, April 17th, 2012 ...
*Bank of Korea, BIS and IMF Conclude Joint Conference on Macro-Financial Linkages and Policy Implications
*U.S. Can Help Iraq Help Itself to Stay on Democratic Path
*Ala Talabani: We would welcome the establishment of a Kurdish state if supported by Washington
*Maliki calls for Kuwait to mediate to resolve disputes with Saudi Arabia and Qatar
*Message From Phoenix ~ Major Repost (3-2011) .. I feel this is important and still very very valid ...
*Massoud Barzani, intends to visit Baghdad and put a new initiative
*Advisor - Public Investment Administrative Decentralization, Iraq
*With Europe Broken Again, Sarkozy And Lagarde Are Back To Begging ...
*Going Global Headline News For Sunday, April 15, 2012 .. will continue to update ...
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