KTFA Members "News and Views" Wednesday Afternoon 8-21-19

KTFA:

Samson:  From here begins reform

21st August, 2019 by Abbas al-Bukhati

Some wishes are not impossible, but the case indicates that most of them did not come to the mind of the official and were not in the calculations of the elite confrontation.

What is wrong with re-licensing rounds and curtail the participation of foreign workers and reconsider the amounts they charge compared to the Iraqi worker?

Will there be a decision by the decision-maker to improve the situation and ensure the requirements of decent living away from the power of foreign companies that treat the people of the country as slaves?

Will we find those who adopt spending cuts through the restructuring of state institutions that suffer from sagging and the abundance of job titles and special grades?

Since those who manage the institutions of martyrs and prisoners at a special level, as well as the Hajj and Shrines Authority, and the Shiite and Sunni endowment and the rest of the endowments, what is prevented from collecting these bodies in one ministry? And make each body a general directorate within this ministry and be represented in the provinces at the level of the department, so we will get rid of seven officials of the bodies will also be dispensed with more than eighty general managers.

Is it difficult for those who swear to work on the Constitution to address the legal breach committed by the Prime Minister when he omitted the export of the region's oil by 250 thousand barrels per day since 1 January 2019 until now? Considering the money coming from the oil sales is the money of the Iraqis and not a particular person or entity.

If the state has reached the level of sufficiency and did not need those funds, let the faithful law to allow distribution to the people, especially the unemployed as salaries or grants, salary scale is also in need of a new law that eliminates the big difference between the salaries of some ministries, and reduce the gap between The salary of the official and the employee, it must be revealed the fact of those who receive more than one or two salaries and perhaps more.

We need the audacity of an official to indicate the total salary of Iraqis during one year, there are those who say that the amount of up to 50 billion dollars while the salary of Turkey, which has a population of 90 million people is 20 billion because of the fair and deliberate distribution, so we must know the salaries of the Ministry of Oil and how much It is the percentage added to the salary as well as the Ministry of Higher Education and university service allocations with emphasis on the separation of the morning working hours for university employees from evening hours, because it will contribute to the absorption of a very large number of graduates and those with higher degrees and manpower, as some of the employees of the morning working salary for casting Neighborhood and another evening not to mention some of the paid salary of a political prisoner or from the families of martyrs, must also be re-Alnzerpalm_khassat they contain very large differences.

We need to arrange housing conditions and address slums, and we must pay attention to the health situation, which is witnessing a significant decline in most aspects.

Since it is ..  Will our questions above remain unanswered, as are the questions of reference?

And how long will we be patient before we rise up and take our rights through the legitimate democratic methods and improve the selection?   LINK

Doodlebug:   Tick tock, tick tock.

Popeye7:  I cannot help but think they know already DB... Dog, and pony show... The timing of the coin articles this week, this article you just posted... These types of articles help to rally the people, and give them the idea that someone is on their side so to speak... Talking about the Sadr articles when speaking of rallying the people... Everything is being timed perfectly, and coming to an end of this chapter, and beginning a brand new one for the people of Iraq with added value to their currency... In the end, all the world is a stage with many actors in key positions... All IMO though...

Doodlebug:  ..and I see it the other way around. IMO, this will help fuel their impatience. Yes, they see the articles about coins and dropping the three zero's but add this to the years of broken promises and lack of basic services... and IMO, that is not a good recipe. The citizens are hot and tired and will follow their Religious Leaders right into the streets, should they be called upon. The more people that write about the frustrations, the shorter the "temperament" fuse. Either way, in Frank's terms...it's all coming to an "intersection" now.

Samson:  Legal: The decision to lift immunity gives the right to bring MPs through Interpol

20th August, 2019
The legal expert Ali al-Tamimi, Tuesday, that the decision to lift the immunity of some deputies outside Iraq gives the right to bring them through Interpol, indicating the possibility of arrest at any border crossing or airport during their return.

Al-Tamimi told the / information / that "the decision to lift the immunity of any deputy comes after the issuance of an arrest warrant for the deputy being wanted for the judiciary." He added that "MPs issued arrest warrants can be returned to Iraq through Interpol and activate Iraq's diplomatic relations."

He explained that after the lifting of immunity every security element has the right to arrest deputies at the entrance to any border or airport once they reach Iraq, stressing that "the second step legally after the lifting of immunity will be issued arrest warrants for all ports, airports and checkpoints."

The speaker of the House of Representatives issued a decision on Tuesday to lift the horse from a number of deputies on the basis of arrest warrants issued by the Iraqi judiciary.     LINK

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Samson:   Oil rises to $ 60

2019/8/21 11:07

Brent crude futures rose above $ 60 a barrel on Wednesday, after data showed a larger-than-expected drop in US crude inventories, but persistent fears of a possible global recession limited gains.

Brent crude was up 33 cents, or 0.6 percent, at $ 60.36 a barrel by 0654 GMT, after rising 0.5 percent on Tuesday.  US crude rose 17 cents, or 0.3 percent, to $ 56.30 a barrel.  Crude oil inventories fell 3.5 million barrels in the week ending Aug. 16, the API said on Tuesday. Analysts polled by Reuters had expected inventories to fall 1.9 million barrels. "Crude prices are likely to be supported by a positive inventory report from the American Petroleum Institute that may indicate the biggest drop in Cushing since February 2018, if approved by the Energy Information Administration, '' said Edward Moya, market analyst at Oanda in New York.

Inventories data from the Energy Information Administration (EIA), due to be released at 1430 GMT on Wednesday, will be more closely watched than usual as the end of the peak US fuel consumption season approaches, analysts said.  Tensions in the Middle East remain under the spotlight, with US Secretary of State Mike Pompeo saying on Tuesday that the United States would do everything possible to prevent an Iranian tanker in the Mediterranean from delivering oil to Syria in violation of US sanctions. 

Oil prices were also supported by data showing a drop in exports from Saudi Arabia, the world's top crude exporter, in June.  A Saudi oil official told Reuters earlier this month that the kingdom plans to keep crude exports below 7 million bpd in August and September, despite strong demand from customers, to rebalance the market. However, the uncertainty surrounding the global economic outlook amid the US-China trade war has limited gains in oil markets.    LINK

Samson:  Rouhani deletes 4 zeros from the Iranian rial 
21st August, 2019

Iranian President Hassan Rouhani sent a bill to parliament on Wednesday to remove four zeros from the value of a nation's currency, which has been hit by severe financial sanctions

The "Associated Press" quoted semi-official news agencies that Rouhani will send the bill to parliament for consideration in a hurry

The Iranian rial has faltered because of the effects of heavy US sanctions on the country since President Donald Trump's decision to withdraw from the nuclear deal more than a year ago

The value of one dollar in the trading markets today 116500 riyals

At the time of the signing of the nuclear agreement in 2015, the value of the dollar was 32 thousand riyals, but the recent US sanctions made it deteriorate significantly

The Iranian government approved in early August the deletion of four zeros from the rial, and the adoption of "Altoman" alternative currency   LINK

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Samson:  An unprecedented Iranian threat

2019/8/21 14:39

Iranian President Hassan Rouhani on Wednesday warned against attempts to zero oil exports.

"The international powers know that if comprehensive sanctions are imposed and Iranian oil exports are zeroed, international sea routes will not be as safe as before," Rowhani said during a meeting with Iran's Supreme Leader Ali Khamenei. 

Rouhani added that "Iran has chosen the right path in reducing its obligations in the nuclear agreement in response to the reluctance of European countries and non-implementation of its commitments to the Islamic Republic."   LINK

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Samson:  IMF warns governments against currency interventions aimed at improving trade balance

2019/8/21 18:22

The International Monetary Fund warned on Wednesday against governments seeking to weaken their currencies through monetary easing or market intervention, saying it would damage the functioning of the global monetary system and cause suffering to all countries.

The IMF said in a post on its blog, which comes as bankers from global central banks prepare to meet this week in Jackson Hole, Wyoming, that policy proposals for the use of monetary easing and direct purchases of currencies of other countries are unlikely to be effective. 

"One should not strongly believe in the view that easing monetary policy can weaken a country's currency enough to achieve a continuous improvement in its trade balance through a diversion in spending,'' said Gita Gopinath, chief economist at the IMF and IMF researchers Gustavo Adler and Luis Copedo.  Monetary policy alone is unlikely to produce significant and sustained reductions in the value needed to achieve that result.”   LINK