NEWSTIME With MadDScout and Company - Thursday, May 4th, 2017
MadDScout says(6:32 PM): Good evening everyone, and welcome to Newstime for Thursday 4 May.
Bosun Commander says(6:33 PM): Been sooo busy, slowing down now
MadDScout says(6:33 PM): The DU Facebook crew thanks you for being with us tonight.
MadDScout says(6:33 PM): We have Kathy(Suprkat), Bobby(1Bobby), Kaleigh (Okie Dinar) is on copy tonight, and myself Pat(MadDScout)
JETSET says to 1bobby(6:33 PM): good evening!
MadDScout says to Okie Dinar(6:33 PM): Kaleigh, do you have the rules?
Okie Dinar says(6:33 PM): PLEASE BE NICE TO OUR COPIERS AND MODS DURING NEWSTIME AND PLEASE WORK WITH US TO KEEP OUR QUESTIONS AND COMMENTS IN AN AREA OF WHEN WE ASK FOR QUESTIONS OR COMMENTS. ITS REALLY TOUGH ON THE COPIERS WHEN IT IS SCATTERED AND ALSO REQUIRES MORE TIME TO COLOR AND PRODUCE. IT IS ALSO HARD FOR OTHERS TO READ AT A LATER DATE. SO AGAIN PLEASE BE NICE TO THEM AND LETS KEEP THE COPY IN ORDER. THANK YOU FOR YOUR UNDERSTANDING! If YOU HAVE A QUESTION - USE A ??
1bobby says(6:34 PM): Ty Kaleigh
MadDScout says to Okie Dinar(6:34 PM): Thank you much
Okie Dinar says(6:34 PM): You're welcome
MadDScout says(6:34 PM): Kathy would you like to bring in our prayer?
suprkat says(6:34 PM): Dearest Heavenly Father: We come together tonight Lord to praise Your name. Thank you for all of the blessings we share. Lord, bless the people of Iraq as they continue to purge their country of evil. Replace bitterness and hatred in their hearts and minds with hope for a brighter future. We ask that You would bless all who need you – the homeless, the sick, the weary and the lost and grant them Your peace and comfort. Hear our prayers Lord, both spoken and unspoken and let us know that we are never alone. Be with all who serve Lord, wherever they are – military, first responders, fire fighters and law enforcement, protect and keep them safe from harm. Be also with the families of the fallen and walk with them through their grief. Bless us in all that we do, that we may bring Your message of light, love and hope to the world. In Jesus’ precious name we pray, AMEN!
Okie Dinar says(6:34 PM): Amen! SRW says(6:34 PM): Amen Babe says(6:34 PM): amen Bosun Commander says(6:34 PM): Amen Idahojon says to MadDScout(6:34 PM): Amen wvchsr says(6:34 PM): Amen MadDScout says(6:34 PM): Amen pacella says(6:34 PM): AMEN subgirl says(6:34 PM): AMEN 1bobby says(6:34 PM): Amen. Thank you dagger says(6:35 PM): amen bubbles says(6:35 PM): amen MadDScout says(6:35 PM): Thank you very much Kathy dale says(6:35 PM): Amen
MadDScout says(6:36 PM): Our first segment is from Kathy
suprkat says(6:36 PM): Over the past couple of weeks, I have been posting a series of reports from Rudaw documenting the atrocities suffered by minority group survivors of ISIS and what they would like to see from their government once ISIS is eradicated. These reports contain actual interviews with victims and government officials.
Their stories are horrific – mass executions, torture, enslavement, etc. suffered at the hands of Daesh simply because they would not give up their beliefs and/or religions to convert to Islam.
suprkat says(6:36 PM): According to reports, Yezidis, Kakai, Kurds, Christians, Turkmen and Shabaks lived together in harmony before ISIS came. However, these people mainly policed themselves as there was little to no effort on the part of government agencies to help or police crimes committed against them.
It is estimated that approximately 200,000 Yezidis alone have been displaced. Of this number, an estimated 50,000 escaped into the mountains near Shingal and are believed to still be there. No one knows for sure how many have not survived.
An estimated 1131 Christians have been slaughtered by ISIS, but this number only covers documented Christians and could very well be higher. No one seems to be certain of the number of Kakai, Turkmen and Shabak that have been executed. As for the Kurds, although some could argue that some of their fate was brought on themselves to a certain extent their suffering has gone on for centuries.
In an article I posted on Facebook today, https://www.thebaghdadpost.com/en/sto...-abuse-torture child abuse and domestic violence has gone nearly unchecked in Iraq – even before Daesh came into the picture. Up until recently, there was not even a government agency to deal with these issues. Those that claimed to offer help were riddled with corruption and so the problems continued and still continue today.
The Commission of Investigation and Gathering Evidence (CIGE) was established by the Council of Ministries in September 2014 and has created a database called a Geographic Information System (GIS) to document crimes by ISIS and others against minority groups, but the process is slow. People are afraid to come forward as witnesses for fear of reprisal.
They are doing their best to investigate each crime reported and bring it to justice, but they can only do so much and they are only one agency. Until people begin to feel that their voices are being heard and justice is being served, how can anyone ask them to come forward? And now, with the displaced coming out of Mosul, reports of more crimes come in daily.
Much more will have to be done. Government, city and provincial authorities are going to have to be brought into the 21st century and trained in the detection, investigation and punishment of these types of crimes if there is any hope for Iraq to heal after ISIS is eradicated.
Minority groups in Iraq need to feel that their voices are being heard and that there can be justice for them. Women and children need to feel that they can live safely in their homes and cities. Without a change in the ancient mindset of all of Iraq, economic reform will not bring the Iraqi people back to their homes. They need to feel safe.
There is a lot of pride in these people, and there are organizations that are stepping in to provide help, hope and counselling such as the International Commission on Missing Persons (ICMP) and the Commission for International Justice and Accountability (CIJA). Will this be enough? Not until and unless the government of Iraq realizes that there is a real and growing problem.
The fact that they have now created an agency to deal with these crimes tells me that there is indeed hope for the future of Iraq and its people, but so far Baghdad has not leant a hand or any support in helping to prosecute these crimes.
They are spending all of their efforts and resources right now on liberating Mosul. However, once Mosul has been liberated, Baghdad will have to work together with these agencies to bring justice for their people.
Time will tell if they will see it as a priority.
MadDScout says(6:40 PM): Right on!
1bobby says(6:40 PM): Amazing job Kathy!
MadDScout says(6:40 PM): Thank you Kathy
suprkat says to 1bobby(6:40 PM): Thanks!
MadDScout says(6:40 PM): Any??'s so far? suprkat says to MadDScout(6:41 PM): You're welcome Pat!
MadDScout says(6:42 PM): Kathy does an incredible amount of research to bring us these reports and I appreciate it much Kathy
suprkat says to MadDScout(6:43 PM): Thank you so much Pat!
MadDScout says(6:43 PM): Our next report is from Bobby via Kathy's fingers
suprkat says(6:43 PM): Report and commentary from Bobby Cahill:
Iraq Launches project to reform and modernize the State's financial management systems 04/05/2017-13:22
Agency Finance Minister Abdel Razak Al-Essa, said Thursday the launch of Iraq in cooperation with the World Bank representatives in Baghdad a draft to reform and modernize the financial management systems of the State.
suprkat says(6:44 PM): The Ministry statement quoted Issa as saying during the meeting with World Bank representatives headed by the Special Representative of the World Bank Robert Po quality and his Entourage "economy" has received a copy of this important step, "come based on the agreement with representatives of the World Bank during the recent spring meetings in Washington.
Alessa referred to "this project includes the basic axes of the trend toward financial management information system (IMIS) and the computerization of the operations of the public financial management of the preparation and implementation of the budget of the Ministry of finance and other ministries and exchange units.
suprkat says(6:44 PM): Alessa stressed that "the priority of the project is to develop public investment for the Iraqi State."
(IMIS (Integrated Management Information System) is a system promoted by both the World Bank and the United Nations. This will enable the GOI and specifically, the Ministries, to process budget formulations, cash/debt management, treasury operations, a few other things and reporting. The reporting will come into play as the World Bank has asked for a very stringent policy.)
suprkat says(6:45 PM):
(We saw one Finance Committee member in another article state "the World Bank follows strict policy because it lends large sums owed Iraq, while Iraq demands the correct management of financial institutions through depth in financial management and financial performance.")
(This system/process will also allow Ministries to be integrated into a system that will demand participation, efficiency, transparency and accountability. In a nutshell.....We loaned you some money, time to play ball and let's get this right. Pat posted a video about the meetings that took place between Iraq and the WB, and although I couldn't understand it, it looked pretty darned official!) 1bobby says(6:43 PM): Thanks Pat! lol
MadDScout says(6:43 PM): Bobby is having tech issues
MadDScout says(6:44 PM): It's called texting for dummies
MadDScout says(6:44 PM): but I digress
1bobby says(6:46 PM): Any questions?
Idahojon says to MadDScout(6:46 PM): ?
1bobby says(6:47 PM): I'm on flu medication so the answers should be fun
1bobby says to Idahojon(6:47 PM): Go for it
Idahojon says to 1bobby(6:47 PM): Does this, you think, include smart cards for the Iraqi population?
MadDScout says(6:48 PM): It could very well
MadDScout says(6:48 PM): They have to have a mechanism
1bobby says to Idahojon(6:48 PM): The smart cards are becoming a mainstay/reality in Iraq on a daily basis
Idahojon says to MadDScout(6:49 PM): True to distribute the oil wealth to all Iraqi people
MadDScout says(6:49 PM): The cards are gaining respectability also
SRW says to 1bobby(6:49 PM): Comment
1bobby says to Idahojon(6:49 PM): I think we saw 10 more Ministries going to the smart card as far as salary/payroll. The more e dinar we see, the better off we are
1bobby says to SRW(6:50 PM): Go SRW
MadDScout says to Idahojon(6:50 PM): Indeed could be the way but just my opinion
MadDScout says to 1bobby(6:50 PM): Agreed
Idahojon says to MadDScout(6:50 PM): Comment
SRW says to 1bobby(6:51 PM): I think the U.S. Special Investigation Committe saying that Corruption Files will be released is Huge.. This will get the Parliament in gear now. And..
Maliki is toast..
MadDScout says to SRW(6:51 PM): We can hope
1bobby says to SRW(6:52 PM): I wouldn't/couldn't argue that point. I'd like to see the "list" the U.S gave em
MadDScout says to Idahojon(6:52 PM): Go ahead
MadDScout says to 1bobby(6:52 PM): Deck of cards?
Idahojon says to MadDScout(6:52 PM): It would be a nice clean way to distribute the $5 per barrel to the population
MadDScout says to Idahojon(6:53 PM): It would and I am sure they see the logic in that also MadDScout says(6:53 PM): Any more ??'s
Idahojon says to MadDScout(6:54 PM): ?
MadDScout says to Idahojon(6:54 PM): Go ahead
Idahojon says to MadDScout(6:55 PM): How many barrels of oil are pumped thru SOMO per day and that times $5 would be divided by the population giving them a piece of their country's
1bobby says to Idahojon(6:57 PM): Good point. I think SOMO is pumping over 3M barrels a day Most of that "citizen money" would go to the oil producing Provinces MadDScout says(6:57 PM): Short supporting article to Bobby's
Idahojon says to MadDScout(6:58 PM): It was said would go to all Iraqis
MadDScout says to Idahojon(6:58 PM): I do understand but there may also be a stipulation that it go to people in the oil producing provinces
MadDScout says to Idahojon(6:59 PM): not all Iraqi's
MadDScout says to Idahojon(6:59 PM): But I will not die on that hill
MadDScout says to Idahojon(6:59 PM): I leave room for my not having all the gaps filled in
MadDScout says(6:59 PM): Parliamentary finance supports World Bank policy in Iraq
Journal May 4, 2017 Add comment 58 visits
Baghdad - Journal News
The parliamentary finance committee confirmed that the World Bank's step in reforming the financial system in Iraq is an important step in supporting investment in the country.
MadDScout says(6:59 PM): (( I am thinking this is their confirmation that they are taking the advice of World Bank and moving forward on reforms ))
"The World Bank is following a tough policy because it is lending Iraq huge sums of money. At the same time, Iraq is demanding proper management of the financial institutions through deepening financial management and financial performance," said Abdul Qader Mohammed Mouloud, a member of the committee. Government ".
MadDScout says(7:00 PM): (( The tough stand by World Bank is because of the monies involved. Likewise Iraq is demanding a deeper comittement to management and performance by the financial institutions ))
He described the "positive step by the World Bank through building a solid ground for the work of Iraqi ministries and institutions and financial discipline, as the project includes key axes, including the direction of the integrated system of financial management information and computerization of the operations of public financial management of the preparation and implementation of the budget in the Ministry of Finance and other ministries and exchange units all" .
(( Here they are describing the foundation for financial discipline laid out by the World Bank, There are many important implementations that are part of the project, with the integration of the new computerization of public financial management which provides realtime accountability in preparation for implementing the budget. ))
MadDScout says(7:01 PM): This is a waste of time because Iraq is in dire need of time because of the current challenges of economic crisis, austerity measures and security challenges related to the war on terror, as well as the energy crisis and low oil prices, observers say.
SRW says to MadDScout(7:00 PM): ?
1bobby says to SRW(7:00 PM): one sec buddy
SRW says to MadDScout(7:00 PM): Could you explain what exactly that 45 million is going toward from the World Bank?
MadDScout says to SRW(7:02 PM): They are in a stage of capitalization of their reforms
MadDScout says to SRW(7:02 PM): that is where we are seeing this mony go
Idahojon says to MadDScout(7:02 PM): Yes oil dropped to 48 and change today
MadDScout says to SRW(7:03 PM): it is being used to do many things and is not collecting dust
SRW says to MadDScout(7:03 PM): Thanks..
MadDScout says to SRW(7:03 PM): You are most welcome
MadDScout says(7:04 PM): Kathy will bring Bobby's next report MadDScout says(7:04 PM): ein moment bitte
suprkat says(7:04 PM): Report and commentary from Bobby Cahill:
Deputy: Abadi used an international team to develop the economy 2017-05-03 at 12:55
Special balance news
Economy and Investment Committee in the House of representatives, Wednesday, to call upon the Government to strong global companies to support the economy and invest in Iraq and mature experience, noting that investment and infrastructure projects in Iraq lacked experience.
Answer truthfully, Committee Member said Najib, l/scales "Iraq News exposure in earlier periods because many wars have caused Iraq not keeping pace with developments in the world economy," stressing "the need for foreign expertise supports Iraq in investment."
She added that "the Prime Minister Haider Abadi hired since taking power with an international group to develop the economy, and called us and British and Japanese companies and all developed countries to support investment and supporting Iraq experiences."
She answered, that "Iraq faces a real problem is a lack of economic expertise in the areas of construction and infrastructure," he said, adding that "all the incomparable projects development in the countries of the world, because of lack of experience".
The Prime Minister Haider Abadi weekly briefing held Tuesday, apply to German Chancellor Angela Merkel and Italian and British Prime Ministers to send economic expertise to support the economy of Iraq
suprkat says(7:05 PM): (Is it just me or do we see these recent articles and think, "Iraq, while pushing economic/monetary reform, got a point, threw their hands up and said, "Y know what? This stuff's kind of hard, maybe we need help." Well you have every outside financial agency and pretty much every developed country willing to help you...glad you asked!)
(Iraq is getting to the point (liberation of Mosul) that it's time to put up or shut up. Not saying they will change the value of their currency at the announcement of Mosul, but the pressure has been mounting on them to push the reforms and move on to the next stage.)
(To me that stage will include international acceptance of a strong, confident currency. While this MP mentions Britain and Japan, we know that Abadi, at his press conference, mentioned both of those as well as France or Italy I believe.)
MadDScout says(7:09 PM): Ok we have a report from Facebook brought to us today by Kaleigh(Okie Dinar)
Iranian companies were invited to participate in joint projects and joint investing ventures in Iraq, al-Sudani told reporters on Wednesday.
He expressed hope that Iranian companies would take part in construction projects in Iraq and invest in the country, particularly in industry sector.
In February, Iran agreed with Iraq to help the Arab country design and build industrial townships in some Iraqi provinces.
The agreement was signed in a meeting between Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh with his Iraqi counterpart al-Sudani in Baghdad.
“Industrial townships will provide the opportunity for the Iraqi investors to invest in these regions,” Nematzadeh said during the meeting.
He said that there a total of 750 industrial townships where over 40,000 industrial and producing units are active, adding, “We are ready to build several sample industrial townships in this regard in Iraq."
The Iranian industry minister also voiced his country’s willingness to invest in industrial and technological areas as well as supplying of manufacturing machinery in Iraq.
The Iraqi industry minister, for his part, said that construction of industrial townships is among priorities of the Iraqi industry and mining ministry.
"Given Iran’s experiences in construction of such townships Iraq is willing to cooperate with Iran in this field,” al-Sudani added.
MadDScout says(7:10 PM): https://www.dinarupdates.com/showthread.php?48790-Minister-Iraq-Welcomes-Joint-Ventures- with-Iranian-Companies
1bobby says(7:10 PM): Good report Kaleigh
MadDScout says(7:10 PM): Whether we like it or not Iran and Iraq have a business relationship
MadDScout says(7:11 PM): this can only be good for Iraq to be on good relations with it's neighbors and to work on those common ties
1bobby says(7:11 PM): Industrial Townships = JOBS
MadDScout says(7:11 PM): Thank you Kaleigh for that report
1bobby says to Okie Dinar(7:12 PM): s59
1bobby says to Okie Dinar(7:12 PM): I had to do it
Holly1 says to Okie Dinar(7:12 PM): s71
1bobby says to Holly1(7:13 PM): s39
SRW says to MadDScout(7:13 PM): Maybe the saying, Keep your enemies closer than your friends is in play here?
Okie Dinar says(7:13 PM): You're welcome
1bobby says to Holly1(7:13 PM): ok now you got me on the emoji kick
MadDScout says to SRW(7:14 PM):
1bobby says to Holly1(7:14 PM): but no booty shakin. That's just weird
MadDScout says to SRW(7:14 PM): Could very well be part of the logic
Holly1 says to 1bobby(7:14 PM): NEWS TIME Bobby ... s73
MadDScout says(7:14 PM): Ok we have one more from Bobby
suprkat says(7:15 PM): Report and commentary from Bobby Cahill:
Iraq's SOMO, Russia's Litasco set up oil trade firm in Dubai - sources 02 May, 2017 DUBAI, May 2 (Reuters) -
Iraq's state-oil marketer SOMO and Russia's Litasco have set up a joint trading company in Dubai to market crude, trading sources said, joining other Middle East producers that buy and sell oil to boost their incomes.
The new venture, LIMA Energy, is establishing a team to work at the Dubai Multi Commodities Centre (DMCC), the sources said, adding that it would trade in Iraqi, Russian and other crude.
"LIMA will lift the first cargo of Iraqi crude in May," one source said.
LIMA is modelled after Oman Trading International which began as a venture between Oman Oil and Vitol, the sources said. OTI is now fully owned by Oman Oil and trades Omani crude, products and LNG.
Up to 10 SOMO members of staff, including its head of shipping, could be seconded to LIMA, one of the sources said.
Litasco, a unit of Russia's Lukoil which develops oil fields in southern Iraq, is one of the world's biggest traders. Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia.
The Iraqi oil ministry said last month it has agreed with Litasco to form an oil marketing venture, but did not give details at the time.
Last week, SOMO sold its first cargo of Basra Light crude via an auction on the Dubai Mercantile Exchange (DME), which could become a platform for price discovery. DME is now the marketplace for most Omani crude sold in Asia.
Other oil producers have set up commodities trading firms. Saudi Aramco, the world's biggest oil producing company, set up Aramco Trading in 2012 to market refined products, base oils and bulk petrochemicals.
SOMO handles exports from areas under control of Iraq's central government, but not exports from the northern region that is under Kurdish control. SOMO's average crude exports were 3.756 million barrels per day in March.
suprkat says(7:17 PM): (Good move by Iraq on this joint venture. The DMCC was established in 2002 as a strategic initiative of the government of Dubai with a mandate to provide the physical, market and financial infrastructure required to establish Dubai as a hub for global commodities trade.)
(The DME, launched in 2007 with the aim to become the crude oil pricing benchmark for the Asian market with its Oman Crude Oil contract, is like what the Intercontinental Exchange’s (ICE) North Sea Brent is to Europe and the New York Mercantile Exchange’s (NYMEX) West Texas Intermediate is to North America.)
(Iraq is now thinking outside of the box as far as pricing/selling their oil and they had better because oil has lost quite a bit over the last few days, even with the OPEC cuts. The last time I checked, it was at $45/46.)
MadDScout says(7:18 PM): Bobby are we not seeing them also sell oil at auction?
SRW says to MadDScout(7:18 PM): Yes Sir.. Basra.
MadDScout says(7:18 PM): They are opening up investment wells also
1bobby says to MadDScout(7:19 PM): Yes sir. Part of the process thinking outside the box
MadDScout says(7:19 PM): along with Sinbad(not related) Island
MadDScout says(7:19 PM): speaking to invesment opening on the Island
MadDScout says(7:20 PM): Any ??'s
Holly1 says to MadDScout(7:21 PM): Great news time Ty s70
MadDScout says(7:22 PM): I have one last article that deals with quality control and corrupt goods
SRW says to MadDScout(7:22 PM): Thankyou Pat and Facebook crew team.. Great job..
MadDScout says to Holly1(7:22 PM): Thank you Holly
Holly1 says to MadDScout(7:22 PM): s73
MadDScout says to SRW(7:22 PM): I have one more
MadDScout says to SRW(7:22 PM): Quality control absolves it from entering corrupt goods
Journal May 4, 2017 Add comment 55 visits
Baghdad - Journal News
The Central Agency for Standardization and Quality Control said that its work is limited to inspecting goods entering the country and it is not within its powers to control the entry or non- entry of such goods, since it is the responsibility of the Customs Authority. MadDScout says(7:23 PM): The head of the agency, Saad Abdel Wahab, told the "Journal News" on Thursday, "The device has a program that has been in operation for more than four years, which is (pre-examination in the country of origin) where an international tender was announced to contract with the Central Organization for Standardization and Quality Control, International ".
He added that "the program aims to examine the goods in the country of origin and provided the companies concerned with specific Iraqi specifications and five industries (food, engineering, construction, textile and chemical) and exported certificates of conformity of goods in the country of origin, that is the trader to submit a request to the company, Including the inspection of the factory or factory and taking a sample of the goods to issue a certificate against him and this certificate is included in the database of the device and in the testing office of the company in Baghdad, in addition to the presence of offices at border crossings visually inspect the goods. MadDScout says(7:23 PM): He pointed out that "the law of the Central Organization for Standardization and Quality Control No.(54) of 1979 in addition to the law of the national system of quality control and the latter law confirms that customs are responsible for the entry of goods into the customs compound or the country, And health ".
MadDScout says(7:24 PM): More movement toward International standardization
suprkat says to MadDScout(7:24 PM): Great article!
SRW says to MadDScout(7:24 PM): Comment
MadDScout says(7:24 PM): If you think they are not busy your expectations are off
MadDScout says to SRW(7:24 PM): Go
SRW says to MadDScout(7:25 PM): I think they are tired of paying for junk commodities.. They will be held accountable now..
MadDScout says to SRW(7:25 PM): Indeed and we will watch that happen
MadDScout says to SRW(7:25 PM): Are watching it happen
1bobby says(7:26 PM): The revenue coming from the border ports is crazy
MadDScout says to 1bobby(7:26 PM): Right (y)
MadDScout says(7:26 PM): any last ??'s
SRW says to 1bobby(7:27 PM): Non oil revenue... Just what the IMF wanted..
1bobby says to SRW(7:27 PM): BINGO
MadDScout says(7:27 PM): I would like to thank everyone who hung in there with us tonight I hope the team helped someone tonight
1bobby says(7:27 PM): Thanks everyone for putting up with us. Great questions and comments
MadDScout says(7:27 PM): Have a great rest of your evening
Baxter1243 says(7:28 PM): Great News Time.... thx all...... Love the News...
Okie Dinar says(7:28 PM): Thank you Pat, Bobby and Kathy! Great newstime!!
subgirl says to 1bobby(7:28 PM): thank you for newtime tonight!! GREAT TIME!!!
MadDScout says to Baxter1243(7:28 PM): YW (y)
1bobby says(7:28 PM): And ty Pat, Kathy and Kaleigh for putting up with me!