News, Rumors and Opinions Monday Morning 11-18-19
KTFA:
Samson: Iraq Falls in Doing Business Index
18th November, 2019
Iraq has been ranked 172nd out of 190 countries in the World Bank‘s recent Doing Business 2020 report, down from 171st place the previous year.
Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Libya 186th.
Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. It provides quantitative indicators covering 12 areas of the business environment in 190 economies.
The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.
65-page profile of Iraq here. LINK
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Samson: Advisor Abdul-Mahdi: Next week will send the 2020 budget to parliament
17th November, 2019
The economic adviser to Prime Minister Abdul-Hussein Al-Hanin, on Sunday, to send the budget 2020 to the House of Representatives within a week, indicating that the discussions are still under way and amendments by the Committee of Experts.
Al-Hanin told / Information / that "the Committee of Experts in the case of a permanent meeting to complete the amendments to the draft budget law 2020 for the purpose of completing as soon as possible and sent to the House of Representatives."
He added that "it is hoped to send the draft budget law to the House of Representatives within a week to 10 days for the purpose of reading and voting on it."
He explained that "accomplished as quickly as possible the goal of voting before entering the year 2020 to be launched with the beginning of the new year to avoid the mistakes of previous years." LINK
Coco: So Mahdi hopes to send the draft budget law 2020 to House of Representatives within 7-10 days.
Would like to accomplish voting before the new year.
Would like to LAUNCH with the beginning of the new year.
Courtesy of Dinar Guru
Jeff Article "The sale of dollars in the central bank stopped blocking the arrival of large fake funds to Iran". Very huge. They are saying that CBI stop selling dollars and new measures...the only way they can stop the auction [is] if they change the rate.
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TNT:
Fitgerald: NY Times report on Iranian leaked documents: Iran’s grip on Iraq is revealed in leaked intelligence documents: Tehran is 'aggressively embedded' in its neighbour's affairs, pays informants to switch sides and bought information on US https://www.nytimes.com/2019/11/18/world/middleeast/iran-iraq-cables.html
Pearle: Iran and Iraq have been intertwined for a while, seems way back in the fight against Saddam and isis. It seems a corrupt relationship because Iraqis citizens are not getting anything out of the deal. The government needs fresh blood
Pearle: We should have RVd before putting sanctions on Iran. But Iraq is being used as a politicial pawn…There was always corruption...it probably intensified because Iran is under financial pressure...but there will always be something...corruption is everywhere...
Pearle: If Trump is in charge, I hope he feels enough pressure to let it go
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Tishwash: The arrest of a gang tried to steal the Central Bank of Iraq
Security forces, in cooperation with peaceful demonstrators, arrested a gang that attempted to steal the CBI building.
A statement of Baghdad operations received a copy of the Covenant News, on Monday, that "the gang consisting of ten defendants tried to approach the building of the Central Bank in order to steal and damage, after midnight Sunday, November 17, 2019," confirming their referral to the investigation to receive their punishment according to law link
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Tishwash: Iraq .. Two missiles fired on the Green Zone in Baghdad
A security source in Iraq said Sunday evening that an explosion was heard near the Green Zone in central Baghdad .
According to Alsumaria News, the source said that an explosion was heard near the Green Zone in the center of the capital Baghdad, and that security went to the scene to find out the causes.
The source did not disclose casualties from the missiles so far link
The Bank Failures Begin That's 3 In One Week! City National, Resolute, Louisa, & #4 Enloe State Bank
Silver Report Uncut: Nov 18, 2019
2019 bank failures begin to pick up steam as 3 banks failed in just one weeks time this month. City National Bank has failed, Resolute Bank has failed, Louisa Community Bank, and Enloe State Bank all have failed so far in 2019.
There was actually zero bank failures in 2018 but according the the FDIC this is not cause for concern just yet. However it is something to keep an eye on as this rush of regional bank failures gets underway.
We also look at more mass layoffs… At sears hundreds of employees from their corporate headquarters were notified in group firings. We also take a look at the rise of global debt and recent warnings.