News, Rumors and Opinions Sunday 8-16, 2020
TNT:
Tishwash: Today .. Al-Kazemi meets with a Kurdish delegation in Baghdad to negotiate the outstanding issues
Prime Minister Mustafa Al-Kazemi is scheduled to meet today, Sunday, a delegation from the Kurdistan region that will arrive in the capital, Baghdad, to negotiate the determination of the financial ceiling for the region, with the latter’s commitment to pay the resulting oil dues and border crossings to the central government.
Jamal Cougar, a member of the Parliamentary Finance Committee for the Kurdistan Alliance, said in a statement to / information /, that “after a call between Prime Minister Mustafa Al-Kazemi and Masrour Barzani yesterday, an official delegation from the Kurdistan Regional Government will arrive today in Baghdad to meet Al-Kazemi.”
Cougar added, "The delegation will negotiate with the central government to determine the financial ceiling to be paid by the central government to the region in exchange for the final obligation to pay the resulting oil dues and border crossings," noting that "the meeting will resolve the dispute between the region and the center."
And Kurdish media sources have confirmed that Prime Minister Mustafa Al-Kazemi has agreed to spend 320 billion for the region for the purpose of paying the salaries of the region’s employees after a telephone call took place between the latter and Masrour Barazni link
Tishwash: Newspaper: Al-Kazemi puts all his hopes on visiting Washington after his internal failure
Al-Arabi Al-Jadeed newspaper revealed, on Sunday, the details of the upcoming visit of Prime Minister Mustafa Al-Kazemi to Washington, indicating that Al-Kazemi is placing all his hopes on the visit after his failure in most of the fields within the government.
"Al-Kazemi will try to pressure the American side to accept compromises with Iran , and to reduce the severity of the sanctions imposed on it," the newspaper said in a report it reviewed .
She added, "It is not in the interest of Iraq to incline all inclination to one side and the other side to be hostile, as all the conditions in Iraq are tragic and do not bear pressure from any party." And here, it may be the true test of the prime minister's skill, whether during negotiations or after his return to Iraq And a statement of the results of his visit to the Iraqi parliament. Most probably, he will touch urgent national popular needs, which make standing in his way a very sensitive issue for the public, and also for the forces supporting his orientations towards Washington, in order to create a state of international and regional balance within his country.
And she continued, “Al-Kazemi, whose visit to Tehran did not bear anything in changing the paths of political, security and economic processes in Iraq , places most of his hopes in American aid and investments that pull his country out of stifling crises, most of which are economically oriented that his government is no longer able to face, such as the chronic electricity crisis and the Corona pandemic, And help in controlling the security that leads to an increase in the demand of American investors on the Iraqi market. link
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Courtesy of Dinar Guru
Footforward [Do you feel the Iraq PM’s visit on the 20th with President Trump will be significant and could you expound on your opinion weather yes or no?] ...I think they will talk about a strategic partnership. But I'm feeling the RV won't have happened by the time he gets here...
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Iraqi News 08/15/20 - back on track along with ISX news
Pimpy’s Investment Chat: Aug 15, 2020
The Bankruptcy Wave Begins, Airlines Cut Routes As Demand Plummets, 32% Missed Aug. Housing Payments
Silver Report Uncut: Aug 15, 2020
We have been warning the bankruptcies were probably the largest tail risk but apparently they are so much more than a tail risk. bankruptcies in the US have surged to a 10-year High for the. Leading up to August 9th meaning we are on course to surpass the bankruptcies that occurred during the Great Recession.
The main sector that has been affected it happens to be companies that deal with the public though bankruptcies have been rising in just about every sector of the economy. dissolution this time around was to increase debt and one of our biggest problems is if we have not identified the debt was one of our problems not an answer.
Another concerning trend is the collapse in air travel it's leading major airlines to begin cutting routes to different small cities around the u.s. . now recently there's been a lot of retail investment Talking Heads that have been attempting to convince average everyday Americans to put their money into Airline stocks because of course the famous v-shaped recovery was right around the corner.
Now at major airlines around the nation we're seeing reports that demand has resumed its collapse there was a brief uptick back toward the beginning of June however it is entirely given out and air travel demand has begun to plummet once again leading Airlines to make some desperate decisions to be able to endure this economic collapse.
Now Airlines did receive some assistance in the stimulus package there was 25 billion dollars that was set aside to help Airlines weather the storm however they've consumed just about all of it and many of them are in discussions with lawmakers saying that they need 25 billion more or else they will cease to exist.
Another stipulation to getting those handouts it was that they needed to keep staff on the books they also needed to keep routes operating throughout the u.s. so now that those programs are coming to an end by September 30th they're already preparing to begin cutting even more staff as well as drastically reducing their routes to match demand. another disturbing Trend in the u.s.
Is the lack of ability to maintain housing costs for u.s. Citizens according to a new survey that was done by a apartment they found nearly one-third of Americans were unable to pay their housing costs in full for the month of August it's actually been four consecutive months of the numbers have been running this high.
Now I know recently they've been trying to convince Americans now is the time to put their money into the NASDAQ or other stock market Investments however for most people out there their greatest concern apparently is keeping a roof over their head and also keeping food on the table we also see lines at food banks play stretch on for Miles still as we witnessed at a Dallas Food Bank just this past week.
Most Americans are not focusing on what the shape of this recovery will be and the biggest reason consumer confidence has begun to collapse is that with tens of millions of Americans without a job that just can't be told everything is great they don't believe it because experience shows us if this is a major economic crisis that is being felt by millions around this nation.