Dinar Recaps

View Original

"Tidbits From TNT" Monday Morning 3-1-2021

TNT:

Tishwash:  Advisor to the Prime Minister: The government may not need to borrow for this reason

The advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Monday, that the difference in the price of a barrel of oil in the budget goes to fill the deficit, and the government may not need to borrow, indicating that developing a supplementary budget remains according to the government's need.

In an interview followed by Al-Eqtisad News, Saleh said that the budget was based on a deficit, meaning that the expenditures are more, and there can be borrowing, but the difference in the price of a barrel of oil today closes the deficit, so there is no need for borrowing, meaning that the surplus replaces borrowings.

He added that this difference in the price of a barrel of oil closes the budget deficit, and the government may not need to borrow, noting that this does not mean that there is no final borrowing, but the difference is compensated, and there may be a surplus, and this depends on the stability of oil prices.

And on the existence of a complementary budget between Saleh, that finding a supplementary budget is not necessary, but remains according to the government's need and the extent of the strength of the revenues, and whether there are important projects that are deferred that need a supplementary budget    link

See this content in the original post

Tishwash:  Oil hits new high and Brent crude above $65 per barrel

Oil prices rose towards a dollar on Monday, driven by optimism in the global economy thanks to progress in a massive U.S. stimulus package and hopes for improved oil demand.

Brent crude futures were up 92 cents, or 1.43 percent, to $65.43 a barrel by 0454 GMT.

West Texas Intermediate futures jumped 90 cents, or 1.46 percent, to $62.41 a barrel.

This comes after the U.S. House of Representatives approved a $1.9 trillion Coronavirus relief package early Saturday and sent it to the Senate, where Democrats planned a legislative maneuver to allow it to pass without Republican support.

In Japan, a special survey showed factory activity expanded at the fastest pace in more than two years in February, adding signs of recovery in Asian growth.

On the other hand, investors are betting that the meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, will lead to more supply returning to the market.   link

************

Cutebwoy:  Zafer Al-Ani: Parliament Will Continue Its Sessions Until The Budget Is Approved

On February 28, 2021

The Independent / – Member of Parliament Zafer Al-Ani confirmed that Parliament will continue its sessions starting tomorrow, the first Monday of March, until the budget law is approved.

Al-Ani said in a press statement, which was followed by Al-Independent today, Sunday, that the budget has reached its final stages, leaving nothing but the announcement of the agreement with the Kurdistan region regarding the percentage determined for it in the budget and other matters that will be completed within the next few days.

Al-Ani added that: the approval of the budget will be attended by everyone at the end of this week.

The House of Representatives is scheduled to begin its sessions on Monday.

Zafer Al-Ani: Parliament Will Continue Its Sessions Until The Budget Is Approved

************

Mot: The Curtain Rods

She spent the first day packing her belongings into boxes, crates and suitcases.

On the second day, she had the movers come and collect her things.

On the third day, she sat down for the last time at their beautiful dining room table by candle light, put on some soft background music and feasted on a pound of shrimp, a jar of caviar and a bottle of Chardonnay.

When she had finished, she went into each and every room and deposited a few half-eaten shrimp shells dipped in caviar, into the hollow of the curtain rods. She then cleaned up the kitchen and left.

When the husband returned with his new girlfriend, all was bliss for the first few days. Then slowly, the house began to smell. They tried everything cleaning, mopping and airing the place out.

Vents were checked for dead rodents and carpets were steam cleaned.

Air fresheners were hung everywhere. Exterminators were brought in to set off gas canisters, during which they had to move out for a few days, and in the end they even paid to replace the expensive wool carpeting.

Nothing worked. People stopped coming over to visit. Repairmen refused to work in the house. The maid quit.

Finally, they could not take the stench any longer and decided to move.

A month later, even though they had cut their price in half, they could not find a buyer for their stinky house. Word got out and eventually even the local Realtors refused to return their calls.

Finally, they had to borrow a huge sum of money from the bank to purchase a new place.

The ex-wife called the man and asked how things were going. He told her the saga of the rotting house. She listened politely and said that she missed her old home terribly, and would be willing to reduce her divorce settlement in exchange for getting the house back.

Knowing his ex-wife had no idea how bad the smell was, he agreed on a price that was about 1/10th of what the house had been worth, but only if she were to sign the papers that very day.

She agreed and within the hour his lawyers delivered the paperwork.

A week later the man and his girlfriend stood smiling as they watched the moving company pack everything to take to their new home......Including the curtain rods.

See this content in the original post

Mot:  Jill was selling tickets at the movie house when she got a phone call. This woman said, "How much is a ticket?"
Jill said, "Four dollars."
She said, "How much for children?"
Jill said, "Same price, four dollars."
She said, "The airlines charge half fare for children."
Jill said, "OK, put the kids on a plane somewhere, and you come to the movie. You'll enjoy it a lot more that way."

*************

Mot:  Betty White is a national treasure. ~~~

See this content in the original post