Zig’s Place Chatroom News Wednesday AM 11-17-21

Zig’s Place Chatroom News Wednesday AM 11-17-21

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Butterfly   2021-11-16 15:07   Shafaq News/ In the United States, researchers from Ford and Purdue University have developed a brand new, patent-pending charging cable for electric cars. The idea is to facilitate the switch to electric vehicles by making it possible to recharge them in almost the time it takes to fill a tank with gas, and it's all thanks to a revolutionary cooling process.

The goal of this research is to make electric vehicle charging much faster. From 30 minutes on an ultra-fast charging station to a whole night on a domestic socket, it takes time to fully charge an electric car. But what if one day -- in a few years' time -- it could take as little as five minutes? This time saving could encourage more motorists to switch to all-electric vehicles.

In order to charge faster, more current has to flow through the charging cable, but this, unfortunately, comes with a risk of overheating. Indeed, this excess heat must be removed in order to keep the cable operational. That's why researchers at Purdue University, Indiana, have developed an alternative cooling method for this new type of charging cable.

The cable uses a liquid as an active coolant, which helps extract heat from the cable by changing phase from liquid to vapor. As a result, any overheating is eliminated and the electrical current can flow faster and more safely.

Once patented, the next step for Ford will be to test a prototype of this cable to determine specific charging speeds for different vehicle models. Although it will certainly not be marketed for several years, this new kind of cable could play a significant role in simplifying electric charging.

Source: AFP https://www.shafaq.com/en/World/This-cable-can-recharge-an-electric-car-in-just-five-minutes

butterfly   2021-11-16 10:13   Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, said that he intends to activate the Assets Declaration Act/The Illicit Gains Act in the upcoming period.

Al-Sadr tweeted earlier today, "in the upcoming period, it is imperative to activate the 'where did you get this money from' Act for the legislative and executive authorities...to put an end to corruption."

https://www.shafaq.com/en/Iraq-News/Al-Sadr-intends-to-activate-the-Assets-Declaration-Act

this is what I found for that Act:

https://star.worldbank.org/focus-area/legal-tools-asset-recovery

and https://www.google.com/search?q=assets+declaration+act%2Fthe+illicit+gains+act+meaning&ei=SneUYdSAMM6LwbkPgLGH2Ag&oq=Assets+Declaration+Act%2FThe+Illicit+Gains+Act+meanning&gs_lcp=Cgdnd3Mtd2l6EAEYADIHCCEQChCgAToHCAAQRxCwAzoFCCEQoAE6BQghEKsCSgQIQRgAUOC0AViSxgFgvuUBaAFwAngAgAHLAYgBlwuSAQUwLjguMZgBAKABAcgBCMABAQ&sclient=gws-wiz

butterfly   Oil prices drop to $80 per barrel

Wednesday 17 November 2021 Oil prices fell today, Wednesday, after US gasoline stocks fell more than expected last week, which may increase pressure on the Biden administration to release oil from emergency reserves to curb the rise in gasoline prices.

US West Texas Intermediate crude futures fell 62 cents, or 0.77 percent, to $80.13 a barrel at dawn today, Wednesday, to continue losing 12 percent from Tuesday.

Brent crude futures fell 76 cents, or 0.82 percent, to $82.76, reversing a 38 percent gain from Tuesday.

https://ninanews.com/Website/News/Details?key=939535

butterfly   The stability of the dollar exchange rates in the local markets

Wednesday 17 November 2021 The dollar exchange rates maintained their stability in the local markets (exchange shops) today, Wednesday.

And the selling price of the dollar was 148,500 dinars, and the purchase price was 148,000 dinars, for every $100. https://ninanews.com/Website/News/Details?key=939567

butterfly   Central bank sales rise to $200 million

Wednesday 17 November 2021 The Central Bank of Iraq's sales of dollars rose, today, Wednesday, to more than 200 million dollars.

A statement by the Central Bank stated that “the auction of buying and selling the US dollar witnessed an increase in its sales by 1.01% to reach 200 million, and 535 thousand and 642 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Tuesday, when sales amounted to 198 million, 118 thousand and 543 US dollars.

He pointed out: "The purchases amounting to 138 million, 225 thousand and 642 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 62 million and 310 thousand dollars went in cash.

He continued: That 24 banks fulfilled requests to enhance balances in abroad, 19 banks to fulfill cash requests, and 273 intermediary companies. https://ninanews.com/Website/News/Details?key=939611

butterfly   Barham Salih and Nechirvan Barzani stress the need for cooperation to overcome the current stage in Iraq

Wednesday 17 November 2021 The President of the Republic, Barham Salih, and the President of the Kurdistan Region, Nechirvan Barzani, stressed the need for cooperation and joint coordination between all Iraqi parties to overcome the current stage that followed the results of the legislative elections in Iraq.

A statement by the Kurdistan Region Presidency stated: "Barzani received President Barham Salih, and the two sides discussed the situation in Iraq in general, the post-election phase, the results it produced, the relations between Erbil and Baghdad, and the efforts made within the framework of forming the next Iraqi government, and confronting ISIS threats." and developments in the region in general. According to the statement, the two sides agreed that everyone should work to achieve stability, form a government of services to meet the demands and expectations of citizens, and put the political process and the country on the right path and track.

The statement added: "The two sides stressed the importance and necessity of cooperation and coordination between the Iraqi forces and parties to overcome the challenges of the current stage." https://ninanews.com/Website/News/Details?key=939631

butterfly   2021-11-17 07:21   Shafaq News/ On Wednesday, the Sadrist Movement led by Muqtada al-Sadr accused the political blocs that lost in the recent parliamentary elections of "making crises."

Member of the Movement, Issam Hussein, told Shafaq News Agency, "The losing political blocs are creating crises to reach a political settlement that contributes to secure their entry into the government or going to a consensual government."

The Official said he is surprised by the insistence on forming a consensual government, which led to this corruption.”

"Why this insistence on quotas and choosing a weak prime minister?" he asked.

Hussein stressed, "The Sadrist Movement is heading to a majority government only,…If they are ready to accept this government, we have no objection, and if they are not ready, let them go to the opposition."

Concerning the issue of choosing the prime minister exclusively from the Sadrist movement, Hussein stressed, "this option is to be discussed, but for sure, we want a government based on the majority."

He pointed out that "the head of the Wisdom Movement, Ammar al-Hakim, former Prime Minister Nuri al-Maliki and the Shiite Coordination Framework wish to go to the past according to political consensus, which failed miserably." https://www.shafaq.com/en/Iraq-News/Sadrist-Movement-confirms-we-want-a-majority-government

Butterfly   UN Condemns attempts to Discredit Iraqi Election 17th November 2021 The following Security Council press statement was issued today by Council President Juan Ramón de la Fuente Ramírez (Mexico):

The members of the Security Council welcomed the Secretary-General's report on Iraq's electoral process and the assistance of the United Nations Assistance Mission for Iraq (UNAMI) to that process, pursuant to resolution 2576 (2021).

The members of the Security Council welcomed the positive assessment of the international UNAMI election monitors and congratulated the Government of Iraq and the Independent High Electoral Commission (IHEC) for conducting a technically well-managed and generally peaceful election on 10 October 2021.

The members of the Security Council also welcomed UNAMI and IHEC findings that partial manual recounts of polling stations have matched IHEC's electronic results-transmission system.

The members of the Security Council commended the Iraqi people for their commitment to the electoral process in the face of dynamic security challenges.

butterfly   They acknowledged the role of UNAMI in supporting the Government of Iraq's and IHEC's efforts to plan and execute genuinely free and fair Iraqi-led, Iraqi-owned elections. They welcomed the efforts of the Government of Iraq, IHEC and UNAMI to promote women's political participation. The members of the Security Council commended UNAMI for demonstrating objectivity in its efforts to support Iraq throughout the election process.

The members of the Security Council reiterated their condemnation of both the 7 November 2021 assassination attempt against Iraqi Prime Minister Mustafa al Kadhimi and the persistent threats of violence against UNAMI, IHEC and others. The members of the Security Council deplored the use of violence to settle election-related grievances and urged all political parties to pursue legal and peaceful means to resolve these grievances. They condemned attempts to discredit the election.

The members of the Security Council encouraged all stakeholders to respect the legally defined process and to facilitate a peaceful and independent judicial review of electoral appeals. They noted that United Nations personnel will continue to monitor any unlawful attempts to undermine the election process.

The members of the Security Council reiterated the Secretary-General's call to all political parties, candidates and other stakeholders in Iraq to exercise patience and address any outstanding concerns through established legal channels, and to create a post-electoral environment that fosters mutual understanding and national unity through peaceful and constructive dialogue.

The members of the Security Council look forward to the peaceful formation of an inclusive government, which would deliver meaningful reforms to address the needs and aspiration of all Iraqis, including women, youth and marginalized communities. They reiterated their support for the independence, sovereignty, unity and territorial integrity of Iraq.   (Source: UN)

butterfly   FinTech in Iraq https://www.iraq-businessnews.com/2021/11/17/fintech-in-iraq/

butterfly   5000-year-old artifacts unearthed in Sumerian city of Girsu in Iraq

https://www.dailysabah.com/gallery/5000-year-old-artifacts-unearthed-in-sumerian-city-of-girsu-in-iraq/images?gallery_image=70873

butterfly   Iran further boosts stockpile of highly enriched uranium: IAEA https://www.dailysabah.com/world/mid-east/iran-further-boosts-stockpile-of-highly-enriched-uranium-iaea

 

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" Iraq Financial News" Posted by Samson Wednesday 11-17-2021