Sunday, January 31, 2010

China, Iran Prompt U.S. Air-Sea Battle Plan in Strategy


February 1, 2010

The U.S. military is drawing up a new air-sea battle plan in response to threats such as China’s persistent military build-up and Iran’s possession of advanced weapons, according to the Pentagon’s latest strategy review.

The Air Force and Navy are seeking more effective ways of ensuring continued access to the western Pacific and countering potential threats to American bases and personnel, according to the Quadrennial Defense Review to be released later today.


The joint Air Force-Navy plan would combine the strengths of each service to conduct long-range strikes that could utilize a new generation of bombers, a new cruise missile and drones launched from aircraft carriers. The Navy also is increasing funding to develop an unmanned underwater vehicle, according to the report.

The battle plan is among a range of new initiatives outlined in the review, which is conducted every four years to revise U.S. military strategy for the coming decade or more. The new report places top priority on the fights in Afghanistan and Iraq and against terrorist threats elsewhere, while also preparing for future threats.

“This is truly a wartime QDR,” Defense Secretary Robert Gates wrote in a cover letter for the report. “For the first time, it places the current conflicts at the top of our budgeting, policy and program priorities.”

Two-War Capability

The review deemphasizes but does not abandon the Pentagon’s doctrine that calls for the military to be able to fight two major wars nearly simultaneously. It acknowledges this mission but says planning should focus more closely on other scenarios, such as irregular warfare including conflicts involving insurgents or drug traffickers and even humanitarian disasters.

“In the mid- to long-term, U.S. military forces must plan and prepare to prevail in a broad range of operations that may occur in multiple theaters in overlapping time frames,” the Defense Department says in the review.

“This includes maintaining the ability to prevail against two capable nation-state aggressors,” it states.

Alluding to China in his cover letter, Gates cites longer- term threats such as “the military modernization programs of other countries.” He also hints at dangers such as al-Qaeda in referring to “non-state groups developing more cunning and destructive means to attack the United States and our allies and partners.”

Tensions With China

U.S. officials have often called on their Chinese counterparts to provide explanations and assurances that their moves are purely defensive. The two countries resumed military talks last June, then China halted visits again over the Defense Department’s Jan. 29 announcement of a new arms sale to Taiwan.

China is developing and deploying “large numbers” of advanced missiles, new attack submarines, long-range air defense systems and capabilities to wage electronic warfare and target computer systems, according to the report, which echoes an assessment of China’s military power issued almost a year ago.

China’s refusal to provide adequate assurances of its intentions raises “a number of legitimate questions regarding its long-term intentions,” the Pentagon says in the review.

Citing “more complex” security conditions in the region, including North Korea and terrorist threats in Southeast Asia, the review calls for “a more widely distributed” and flexible U.S. presence in Asia that relies more on allies. Partners would include Australia, Thailand, the Philippines, Singapore, Indonesia, Malaysia and Vietnam.

Threat From Iran

In the Middle East, Iran is fielding small attack boats in the Persian Gulf, a development that U.S. officials have cited in the past. That compounds the threat to naval operations from the acquisition by Iran and other nations of weapons such as quiet submarines and advanced cruise missiles that can target ships, according to the report.

Iran also has provided drones and shoulder-fired missiles to the Islamic militant group Hezbollah in Lebanon, and Russia and other nations have contributed to the spread of surface-to- air missiles, the department said.

Among the solutions proposed are more ways to deploy U.S. forces abroad, such as naval assets, “in regions facing new challenges.” Existing bases also need to be either hardened to protect against potential attacks or reinforced with back-up locations or by dispersing them in multiple places, the department concluded.

The Pentagon has about 400,000 U.S. military personnel stationed overseas, either in war zones or elsewhere. The review emphasizes “taking care of our people” serving in multiple long deployments that take a “significant toll” on them and their families.

Other Concerns

In addition to supporting existing wars, the Quadrennial review emphasizes the need for more unmanned aircraft, intelligence, special forces, helicopters and long-range strike capabilities as well as skills such as foreign languages and training of foreign military forces.

The U.S. military, especially the Navy and Air Force, also should find better and faster ways to strengthen the defense systems of foreign allies and partners as needed, the Pentagon said.

The Pentagon should continue to maintain a nuclear arsenal as a “core mission” until “such time as the administration’s goal of a world free of nuclear weapons is achieved,” according to the report.

The potential threat of cyber attacks and the need to conduct “high-tempo operations” will require more expertise in that field and centralized command of cyber operations, the department said.

AFP

Iraq's president shares his thoughts about the old regime and his hopes for the future

Jalal Talabani, the president of Iraq.

'We are proud to be your friends'

Iraq's president shares his thoughts about the old regime and his hopes for the future

The Iraqi people now have the right to build their own freedom and are deeply grateful to British prime ministers Sir John Major, Tony Blair and Gordon Brown, for their assistance.

At the time, I and other leaders of the Iraqi opposition asked Mr Blair's government to help the Iraqi people get rid of the dictatorship. And we praise the bravery and sacrifice of British troops.

We suffered under Saddam Hussein in ways that too many in the international community seem to have forgotten. His regime was a republic of fear, which slaughtered Iraqis on an industrial scale and attacked our neighbours. We are fortunate he has gone and that we have a chance to rebuild our society.

Iraq is one of the historical founts of modern civilisation. Our tragedy is that Saddam pillaged our potential for his own purposes.

Now that he is gone we have a great opportunity to overcome our isolation from decades of modernity and to rebuild our links with the international community. Our second parliamentary elections, on 7 March, will provide an opportunity to consolidate our growing democracy and further isolate those who use the bomb and the gun against the will of our own people.

We, as a people, have a great regard for and affection towards the British and we are seeking deep, broad and long-term relationships with your politicians, academics, sporting groups and businesses.

We are a potentially rich country but our legacy is a poor one. We value the ability of British business to unlock our resources through increased investment and by trading with us. Iraq is becoming increasingly open to commerce, which is a means of giving our people the better way of life that they seek and deserve.

It would also be in Britain's interest to continue its relationship with us. We are proud to be your friends and hope that you will always be our friends, working together for the common good of humanity.

http://www.guardian.co.uk/uk/2010/jan/31/iraq-prime-minister-jalal-talabani-chilcot-inquiry

America is expanding its missile defenses in the Gulf

January 31, 2010

America is expanding its missile defenses in the Gulf

WASHINGTON (AFP) - U.S. officials said the United States expand its missile defense systems, land and sea in and around the Gulf region to counter what it sees as an escalation of the Iranian missile threat.

The officials said that this deployment include the expansion of the Patriot missile defense facilities land in Kuwait, Qatar and the United Arab Emirates and Bahrain as well as deployment of Navy ships equipped with missile defense systems, over the beating in the Mediterranean and around it.

Army Gen. David Petraeus, commander of U.S. Central Command, responsible for military operations across the Middle East, said this month that the United States and placed eight batteries of Patriot missiles on the territory of four Gulf states did not specify.

And the crowd began under Bush and expanded under President Barack Obama, who is pushing for a new round of sanctions against Iran over its nuclear program.

The officials said the expansion is aimed to increase the protection of U.S. forces and allies of the United States the principal in the Gulf.

The head of the U.S. Joint Chiefs of Staff Admiral Mike Mullen, said last month that the Pentagon should have a military option is ready to confront Iran in the event that President Obama to do so.

A spokesman for Mullen, "said chief of staff, many times he was concerned about Iranian ballistic missile threat but it is not appropriate to discuss any defensive measures we have we have taken to deter and defeat this threat."

Obama announced last year on a missile defense system include the publication rate of Aegis-class ships equipped with interceptor missiles to assist in the defense of Europe and the U.S. forces against Iranian missiles.

The Pentagon said he envisioned to have three of the ships all the time in and around the Mediterranean and the North Sea for the protection of important areas with the possibility of sending additional ships to the region when needed.


Zebari to visit New York in a few days ...

January 31, 2010

The sources announced that" the diplomatic delegation headed by Foreign Minister Hoshyar Zebari to visit New York during the coming few days to a resolution of the Security Council on the issue of lifting restrictions in the area of arms control and some aspects of scientific imposed under Chapter VII, in addition to the question of the international investigation committee and follow up on the terrorism issue in the country and the need to obtain international support to confront it.

Diplomatic moves to activate the request for an International Tribunal and ...

Zebari to visit New York during the days and Keywords reveal effort by the Government of the United Nations

بغداد - الصباح BAGHDAD - morning

Government intensify during the next two weeks of diplomatic moves at the United Nations to activate the request to form a tribunal of an international investigation to examine the file of terror and retribution from the perpetrators of criminal recent bombings.

And expounded secretary-general of the Council of Ministers on the Keywords of the existence of diplomatic pressure by the government on the United Nations to propel them towards accelerating the internationalization of the issue of terrorism and to consider the file of the crimes committed in Iraq.

Keywords and said in a statement to correspondent "morning," Isra-Khalifa in Cairo that: "Iraq went to the United Nations was necessary because the terrorism issue has become serious and poses a real threat on the lives of citizens and state agencies and what has happened is a crime against humanity", pointing out that the government believed that solution is not through military confrontation, but through peaceful means and diplomacy.

He criticized the Secretary General of the Council of Ministers regional intervention in the country's internal affairs, stressing that "to strengthen the internal situation and address the gaps in security, political and economic will prevent states from interfering in our internal affairs. He was a member of the Security and Defense Committee in Parliament MP Hassan Sinead has revealed the" morning "Recently, the receipt of government and parliament on the positive signals in this regard a report prepared by UN special envoy to Iraq Taranco Oscar Fernandez, noting that Iraq is seeking to close this file during the next term to ensure non-interference of regional actors to influence the political process.

Middle of this picture, informed sources told "Al-Sabah "" The government was closely following the request for a special International Commission of Inquiry on the move through the five major states to enlist their support.

The sources added: "Iraq will ask the Security Council to vote on the Special Commission of Inquiry bloody explosions that targeted government institutions, sensitive to move through the major states, and urged them to vote, especially that this move will not affect any particular State.

The sources announced that" the diplomatic delegation headed by Foreign Minister Hoshyar Zebari to visit New York during the coming few days to a resolution of the Security Council on the issue of lifting restrictions in the area of arms control and some aspects of scientific imposed under Chapter VII, in addition to the question of the international investigation committee and follow up on the terrorism issue in the country and the need to obtain international support to confront it.

It is said that a Western diplomatic source had earlier revealed in the "morning" for the UN special envoy to deliver the bloody bombings in Baghdad, with important information to the UN Secretary-General Ban Ki-moon confirmed the existence of a regional intervention in the Iraqi issue.

baghdad morning

Palestinians get 1st private equity fund designed to boost economy

Salam Fayyad, Prime Minister of the Palestinian National Authority

Sun Jan 31, 2010

Two Arab investment companies on Sunday announced the launch of the first private equity fund designed to boost the Palestinian economy.

The semiofficial Palestine Investment Fund and Dubai-based private equity firm Abraaj Capital will provide an initial $15 million, they said in a statement, hoping to raise the total to $50 million this year. The investments would target small-and medium-sized businesses in the Palestinian territories.

The cash is a welcome infusion into the battered Palestinian economy which has been hobbled by the ongoing conflict with Israel, internal conflicts and restrictions on trade and cross-border traffic imposed by the Jewish state, citing security.

Palestinian Prime Minister Salam Fayyad, a Western-backed, internationally respected economist, has said his government would work on boosting the economic and legal infrastructure needed for statehood in two years.

Fayyad has said he would move along with those plans irrespective of progress in peace talks with Israel. The fund could be significant in stimulating the kind of growth needed to bolster self-sufficiency for a government that relies on foreign aid for its revenues.

Bassim Khoury, a former Palestinian economy minister, said the fund would represent a little less than 1 per cent of the Palestinian gross domestic product of $4.5 billion.

About 40 per cent of the government's revenue comes in the form of direct foreign aid, he said.

Khoury said the fund could benefit the economy, assuming it is managed well and sustainable.

"If you can ensure it is properly invested in the Palestinian economy, it can have a big effect," he said.

The Palestine Investment Fund focuses on investments in the Palestinian territories. Dubai-based Abraaj Capital, which will manage the fund, works throughout the Middle East and North Africa, with offices in six countries.

This Week - February 5th-6th -2010 - Canada to press G7 finance ministers to fix their banks, reform financial system

Jan 18, 2010

Canada to press G7 finance ministers to fix their banks, reform financial system

OTTAWA - Canada believes time is running out for meaningful reforms to the world financial system to avert future economic meltdowns and will push for movement on the issue at next month's G7 finance ministers meeting in Iqaluit.

Canadian officials briefing reporters on what is likely to be the most unusual G7 meeting ever say signs of hubris are again apparent among many of the global financiers blamed for plunging the world into recession.

Finance Minister Jim Flaherty is hoping that holding the meeting in isolated Iqaluit in the middle of winter will concentrate minds and lead to a renewed commitment to implement reforms.

The officials, speaking on background, said Monday that Flaherty is concerned that the momentum for reform of the world's financial and banking sectors is waning as the economic crisis recedes.

The United Kingdom has imposed a punitive tax on executive bonuses, and the United States is also proposing to tax its largest banks. But system reform, such as ensuring risk is properly assessed, still remains to be implemented.

Canada believes the G7 countries have the primary responsibility for ensuring abuses are not repeated since the crisis originated within the world's leading economies, the officials said.

The Iqaluit meeting in early February will be the first since the larger Group of 20 forum was declared the pre-eminent body for dealing with the world's economic and financial problems.

And it will be unusual not just for its location, but also for its form.

Unlike past meetings, there will be no final communique issued of policies adopted in principle by the ministers and central bank governors.

By making the meetings more informal, the officials say Flaherty hopes they will be more frank and useful and prove that the G7 club is worth preserving.

One official said the necessity of producing a communique, or final concluding text, tends to concentrate discussions along producing unanimity. Freed of the need to produce a text, ministers and governors can engage in a more free-wheeling, frank and political discussion.

One of those discussions will actually be held by a roaring fire, the official said.

The future of the G7, whether it will remain as a separate institution or becomes a sub-grouping of the larger G20, remains up in the air and will be an issue before the ministers and governors in Iqaluit.

One reason it's important to Canada that the G7 remain an influential institution is that collapsing the group into the larger G20 dilutes the country's influence at the top table.

The officials say the Feb. 5-6 meeting in Iqaluit will tackle the gamut of issues dealing with the global economy, including ensuring the recovery is sustainable, exit strategies from government stimulus spending, global imbalances, currency exchange rates and trade.

One agenda item was added in the past week - Haiti - since the G7 countries are the biggest donors to the earthquake-devastated nation's relief effort.

Flaherty has indicated that with relief efforts underway, the G7 meeting would be an ideal time to begin exploring how countries can help Haiti reconstruct and recover from the disaster.

The meeting's unusual location, above the treeline in the middle of winter, has also necessitated contingency plans in case of inclement weather.

Should Iqaluit become inaccessible from air for the Feb. 5-6 meeting, the conference will be switched to Ottawa, officials said.

The Canadian Press ~

related articles ~

February 5-6 - Canada expects to Discuss Currencies at G7, G20


Canada to push for reforms in other G7 countries

JUNE 25-26-2010 - PLANS FOR THE 2010 G8 MUSKOKA SUMMIT


PLANS FOR THE 2010 G8 MUSKOKA SUMMIT JUNE 25-26-2010


Link ~ PDF FILE



POOF for JAN 31st: "ALL OVER BUT THE SHOUTING!"


Sun, 31 Jan 2010


POOF for JAN 31st: "ALL OVER BUT THE SHOUTING!"

DING DONG! THE WITCH IS DEAD Lyrics

Munchkins

Ding Dong! The Witch is dead. Which old Witch? The Wicked Witch!
Ding Dong! The Wicked Witch is dead.

Wake up - sleepy head, rub your eyes, get out of bed. Wake up, the Wicked Witch is dead. She's gone where the goblins go, Below - below - below. Yo-ho, let's open up and sing and ring the bells out.
Ding Dong' the merry-oh, sing it high, sing it low. Let them know The Wicked Witch is dead!

Mayor: As Mayor of the Munchkin City, In the County of the Land of Oz, I welcome you most regally.

Barrister: But we've got to verify it legally, to see

Mayor: To see? Barrister: If she Mayor: If she? Barrister: Is morally, ethic'lly

Father No.1: Spiritually, physically, Father No. 2: Positively, absolutely

Munchkins: Undeniably and reliably Dead

Coroner: As Coroner I must aver, I thoroughly examined her.
And she's not only merely dead, she's really most sincerely dead.

Mayor: Then this is a day of Independence For all the Munchkins and their descendants

Barrister: If any. Mayor: Yes, let the joyous news be spread The wicked Old Witch at last is dead!

Greetings and Salutations;

They whose power it is, have gone to the nth degree to clear out the past and make access safe for the lenders around the world. After making access safe, they proceeded to cut the head off of the beast, since it just wouldn't just take a hint and accept a noble retirement. From what I have observed since spring of last year, it appears bernanke may have been the smartest of the bunch, by simply signing the documents put before him and, doing whatever he was told to do, so as to not panic the public. While americans like to think that the fed belongs to the us, I assure you that it doesn't, and that will be explained during the course of the announcements, also. The federal reserve system was a world wide concern with owners, we knew nothing of, or had any part in appointing. Even pres wilson apologized for letting the thing go into place in 1913. Of course, he never said, they'd have killed him had he tried to stop it either.

There's no doubt, the revelations forthcoming starting with the announcements will put a kabash to all this sniping and backbiting going on between the talking heads. They'll be sitting there with their eyes rolling back in their heads, as more and more gets dumped for public consumption. Many held beliefs will be mowed over, which is why history books must be rewritten, as uncomfortable as they may be for some. As the line goes, 'the truth will set you free but at first it may piss you off'. Can you imagine, the guys at the networks looking at each other trying to figure out how to proceed? Yes, there are brief cases full of blues to be given to the public and the incredible perpetrator walk before the public so they never allow the country to be taken over by bankers again. As the chinese like to say, 'may you live in interesting times'. barbara bush and the queen both tried to get the chinese to stop all of this, to no avail. To reduce any confusion, I am not talking about the chi-coms, I speak of the dragon clan bloodline families. I ask everyone to get rid of your judgement and open both ears and listen to what's coming forth, you just might learn something. No one cares about your politics but it is time to understand what's been going on around here. The mind is like a parachute, it doesn't work unless it's open.

There's been no packs moving anywhere because they weren't released to be delivered. They only did a few test deliveries to make sure all was functioning like it should. Before they turned everything loose they wanted a few items wrapped up and now that's done. You will know what has taken so long when 'they' start talking, much of which will be quite the surprise to the bulk of the listeners all over the planet. All remains the same regarding protecting your money from the sharks, plus the added security. Again, all was made simple, so just put one foot in front of the other and avoid getting 'creative', it's quite unnecessary. This primes the pump of the new banking system and the imf creates the flow. We are the grunts that take it across the ground.

Am I done? I pray so. We all have work to do, projects to get going for the planet's benefit and the people on it. There's a ton of new tech to get out here to be used, medications that have been held back that will benefit everyone in pain and anguish. Say goodbye to the drug companies and various clandestine organizations that have been in place to keep the status quo. A brave new world is birthing, some will be able to handle it, others will continue to fight until, they find themselves quite lonely in their pursuits. The difference will be profound, it'll be much like the difference between the Jetsons and the Flintstones. Oh yea, bernanke knows what's going down here and already signed his docs last spring, no sense putting somebody else in there who they'd have to explain the job is just temporary to. While it may escape ordinary observation, there is an order to this change over.

I'm reaching everyone as quickly as I can and you know how to email me but don't get flustered because you don't get an immediate response, it may surprise you but 'poofy' is all over the planet and deals accordingly. I also don't make up stuff just to fill the vacuum. This blackout is complete and with all these guys concerned about having their phones tapped, they aren't exactly dumping all they know out here. Until the last moment, people do have to protect themselves. Donations are needed and accepted at www.paypal.com
account 2goforth@safe-mail.net

"They say God never gives you anymore than you can bare," I just wish God didn't think so highly of me" Thanks J...lololololololol

"Straight on 'til morning"

Consultation are available upon request.
Love and Kisses,

"Poofness"

Banks, Governments Responsible for Crisis


Banks, governments responsible for crisis

Monday, February 01, 2010

Banking sector's greed and governments' ignorance has led to the current global recession that is giving birth to further crises in the world, the founder of a top business school said.

Talking to Emirates Business, Claude Janssen, Chairman and Founder of Insead (the Business School of the World) International Council, said banks were the key culprits responsible for the ongoing financial crisis and governments were their partners on account of their ignorance.

"Though I am a banker, I blame bankers for the current recession, which is largely a result of bankers' greed bankers," he said.

Janssen said the situation was further aggravated by the lack of awareness of the dangers of sub-prime mortgages and other products offered by greedy banks.

"Administrative and government managements are also responsible for this because they did not look into it at all. Banks were the cause and governments did not do their jobs well. However, since 2009, most governments have done and are doing more to contain this problem, bring business back to normal and avoid a bigger financial crisis," he added.

On the impact of the global meltdown on Insead, Janssen said whenever there was a crisis volumes tend to go down and affect results of any organisation or a company. "We were also affected badly. These are down periods that we always come out of. The financing of the school is interesting because we are independent, which means that when we came here to Abu Dhabi, we were not subsidised. We developed through our own revenues.

"In the 1990s we decided to create an endowment fund so we undertook two campaigns in a row, from 1994 to 2000 and the other from 2004 to 2008, to raise money. We succeeded in raising about €350 million (Dh1,781m), which is a lot for Europe and the US, where business schools like Harvard alone, get about $60m (Dh220m) a year."

Janssen also revealed that the Abu Dhabi government has decided to participate in the Insead endowment fund which will be the only grant they will get from the government. "We are less dependent on endowment funds as compared to other schools. Our endowment funding has come down by ten per cent unlike others, particularly American schools, where this has declined by 30 per cent."

Insead was designed on the Harvard model. However, Janssen said Insead began with an international concept instead of limiting itself to the French or European model, as it wanted to be a fully independent institute without any affiliation to other universities and organisations.

It has three campuses, in France, Singapore and in Abu Dhabi, which was opened in 2007. The institute has ruled out a fourth campus for the time being but plans to partner with other international universities. Now more than 50 years old, the institute has 1,000 MBA, 100 executive MBA, 50 PhD and about 9,000 EDP participants.


emirates24/7

Beijing assures help to the West in leading global economic recovery

Monday, February 01, 2010

Beijing assures help to the West in leading global economic recovery

The world turned its spotlight on attention-shy China at this year's gathering of business chiefs and policymakers, pleading it to lead a global recovery and wave its wand to solve economic imbalances. It got a halfway positive response.

China sent its biggest ever delegation of 54 executives to Davos, with a keynote speech from Vice Premier Li Keqiang and panel appearances from the deputy central bank governor and the head of the country's biggest investment bank, symbolising its status as a fully-fledged member of the world economy.

Despite that, the Chinese did their best to keep a low profile at the World Economic Forum, while firmly saying they would move at their own pace and on their terms and demanding the rest of the world pull its weight too.

China is trying to be a good citizen. Vice Premier Li and Deputy Central Bank Governor Zhu Min both pledged that Beijing would stick with moderately easy monetary policy even as the world's third largest economy is growing rapidly.

By not curbing its runaway growth too aggressively, China is keeping the engine of world growth running and trying to spur domestic demand – a move which will help to correct global imbalances.

This stance won praise from senior officials, including the Group of 20 envoy from South Korea, this year's chair of the global forum, and International Monetary Fund chief Dominique Strauss-Kahn.

But China does not want to rush. Asked about Beijing's credibility given that it made the same promises of addressing imbalances four years ago, Zhu Min said: "It's a long process, it's not an overnight thing. It will probably take another five years or four years. You will see improvement day by day, year by year.

"We need global co-ordination on structural change ... for us to increase consumption and for others to increase consumption or to increase savings," he said.

The West is keen on China to play a bigger leadership role. It may even secretly envy China's command economy.

"The world wants to hand the baton off to China," said Stephen Schwarzman, Chief Executive of Blackstone.

"One reason why the West looks at China and perhaps overvalues its ability to be a global leader is simply the fact that it can make decisions when other parts of the world know what the problems are but can't quite get there in terms of making decisions."

Li said China would tackle climate change and ensure that economic growth became more efficient with regards to the use of resources and environmental concerns.

emirates24/7

Announced the formation of the Iraqi - Egypt to promote cooperation

January 31, 2010

Keywords for the (morning): government pressure to push the United Nations to consider the file of terrorist crimes

Announced the formation of the Iraqi - Egypt to promote cooperation

القاهرة - اسراء خليفة Cairo - Isra Khalifa

Revealed general secretary of the Council of Ministers on the Keywords of the existence of diplomatic pressure by the government on the United Nations to push towards accelerating the internationalization of the issue of terrorism and to consider the file of the crimes committed in Iraq.

Keywords announced, currently visiting Egypt for talks with Egyptian officials in a dialogue with the "morning", to agree on the formation of the Iraqi - Egyptian proposals to strengthen mutual cooperation and speed up action to be taken within specific timetables for the conclusion of memoranda of understanding in various fields, noting that national strategy against corruption adopted by the Government represents a step forward in this area as a Plan of Action includes intensive and numerous agencies and civil society organizations and supported by the United Nations, indicating that the formation of a special committee to reform the ration card for re-consideration is part of a plan to extend the next five years aims to ensure that groups in need only of the items of the quota.

And shall meet the following text of the interview:

What is the nature of your visit to Cairo and the main files that dealt with?

We have a number of memoranda of understanding in various fields with Egypt is, perhaps, the most among all the Arab States and the world has recently been signed as a result of the existence of political will of both sides to consolidate and develop this relationship has to be to invest these wills by the Egyptian leadership, the Iraqi and our visit to Cairo comes to operationalize and implement this notes according to the programs, plans and schedules Zminp to work on and this visit resulted in signing of memoranda of understanding one task in the field of information technologies and information management, development and the fight against corruption with the Ministry of Human Development, the mission of the pleadings and agreed to form a small committee between the parties to submit the necessary proposals with regard to the plan of cooperation and procedures to be carried out between the parties.

File is the one of the most security files that the government faces what your actions to control it?

General Secretariat of the Council of Ministers following the day retreat and file security, especially as the security effort and won the bulk of Prime Minister Nuri al-Maliki government has taken on a daily basis and continuing security problem, but the size of a large and overlapping connotations multiple items and needs to be a huge potential return for the case of Iraq and we have done in the past a big thing because our country is very nearly falling into the abyss of a sectarian war was threatening to every citizen regardless of his identity, nationality and religion, profession and career, as well as the existence of areas outside the control of the security forces, but now we are talking about an incident from time to time with the groups are acting against groups and thus Omwssat This lawlessness is now under control and better than before. "

Q: Where did the demand that Iraq internationalize the issue of terrorism through the United Nations?

That went to the United Nations was necessary because the terrorism issue has become serious and poses a real threat to the lives of citizens and state agencies and for crimes against humanity, so we decided that the solution to Nokia through military confrontation, but peaceful, diplomatic and government pressure on the United Nations to expedite the resolution of the terrorism issue.

How would you describe the role of neighborhood interference in Iraqi affairs?

Suffered from the neighboring countries since 2003 and many of the problems are from the neighboring countries were interfering in our affairs through methods and channels and motivated by different economic and political expansion, security, and perhaps there is a slight improvement in the way of handling but not the required level it is important to strengthen the internal situation and a way that prevents others from interfering in our affairs as the State has a strong position and orientation that can not be subject to blackmail and that there were security lapses, political and economic needs to be controlled.

How would you describe Iran's occupation of the field of jaw and the success of diplomacy to resolve the Iraqi issue?

That the situation in Iraq tempt neighboring countries in the expansion and interference in its internal affairs and to respond better to this is strengthening the internal front and one step of Iran holds a kind of test and find out the reaction by Iraq, especially the issue faced reactions diplomatic and public pressure through a broad rejection of such conduct Consequently, Iran has taken feedback very seriously.

Q: What about e-government project which you intend to implement it in Iraq?

One of the basic joints of our visit to Cairo was to take advantage of the pilot experiment in Egypt, which we saw e-government is fired towards the organization of the process through formation of committees that were in line with the steps we take and Baattabarmsr environment close to Iraq's environment in terms of institutional, social and even in terms of challenges and circumstances Almokhtlvpalte passed two countries are similar thought in cooperation with the Egyptian side and look at the experience, despite the conditions in Iraq, it stores experiences and skills are excellent, and Kaddodena guidelines for e-government and "What is needed to access tests and learn the latest techniques and we put our professional training and access to the Egyptian experience.

What is the purpose of the establishment of electronic government?

There are two objectives we seek to be achieved in the electronic government, the first is that all correspondence between the ministries and government institutions is through the electronic network without the need to mail the old paper has the disadvantage of many as it would reduce the time and costs and ensure the accuracy of information in addition to the best advantage of it transparent and enter this information, and we know through the network level of performance and achievements of all the institutions associated with the network administrator can be known and followed, including the volume of transactions done and what are the reasons that would delay and the level of any department manager can follow any that work better than paper-based transactions concern, and we aspire to be a broad base of information and and large in the Secretariat of the Council of Ministers we have built this network with some of the actors at the domestic level and we were able to get reports and results for many of the things The second objective is to serve the citizens and to eliminate review of government departments away from the routine through the network where he gets on the form designated for anything motivate and take its role with the party concerned to accomplish a task and is now a necessity to respect the time of the citizen and avoid corruption.

Is there a specific time period to complete the e-government?

This case has no requirements can be done in advance to be nearby, where they see the infrastructure in the area of network communications, connectivity and the level of the citizen and the culture in this subject and the level of availability for the use of a computer network in all the houses and our preparations for the creation of this technical system need to be phased and legislation and some of these transactions as well as we need to covered by the law and we hope to achieve e-government during the next two years.


In case Mai_khas rampant corruption in the ministries how the best way to eliminate it, particularly that Iraq had been classified among the most corrupt country?

Can not deny the existence of administrative and financial corruption but we disagree with Transparency International in our list in this category and we have been approached in this category, and that has brought Iraq to this position came from one and the same organization, Transparency International and the investigation after it and found it Athoudy general international acceptance, but there are reservations on the points international professional In the past year the European Union to prevent the organization from entering the hall as an observer and we Katabnahm to know how they made this classification and asked for meetings with them outside or inside Iraq, but they refused to do so sufficient answer that this result is reached through the survey of a number of people outside Iraq, regardless of the rankings but corruption exists and is widespread and there are great efforts to contain corruption and that organizations are an important part of the United Nations praised the government's role in the fight against corruption and they are working with us directly and as Chairman of the Joint Council for the Iraqi anti-corruption work with them constantly about this issue in and dangerous, where we have a lot of legislative and regulatory actions and preventive measures have been taken in a fair and may not have been there for the duration of the Iraqi state a number of laws and decisions and services that combat corruption, such as what exists now there is a government or parliamentary or political, and our work a great deal of comfort and freedom, and possibly There are some political pressure, but the independence of the agencies concerned and their freedom is important in the fight against corruption, The second issue is how to deal with the phenomenon of corruption as an issue and not prosecute people but to develop a plan to combat focused and since 2007 we are going through this step, the issue of transparency

Q: What is the nature of the national strategy to combat corruption that you have implemented?

National strategy to combat corruption, a five-year plan for the years 2010 to 2014, and submitted two weeks ago to the Council of Ministers approved this strategy and our presidency and includes the President of the Supreme Judicial Council and the President of the Financial Inspection Office and Chairman of the Integrity Commission and the chief of money laundering in the Central and head of economic crime the Ministry of Commerce and a representative from the offices of inspectors general in the ministries and coordinator of the Prime Minister on regulatory strategy is the first in the history of Iraq and a complete description of all aspects of life where we have surveyed all levels and sectors and all phenomena, steps, and is a great national achievement, as Houdet acceptance by the United Nations, which considered it an achievement significant in light of conditions in Iraq compared to advanced countries did not fulfill such as Strategy and Plan is evidence of an intensive and extensive, involving numerous agencies and civil society organizations and we are now beginning the training of the follow up the issue in Oman by the United Nations.

What steps have been established by the General Secretariat of the Council of Ministers on the dealing with ration card?

That the status of the ration card is lost this way, the state large sums of money so we've developed a plan for not covering this card and coverage of the well-deserved and we started to implement an integrated plan also formed a committee to reform our presidency of the ration card is a plan for the next five years has been accepted by the government and the House of Representatives and the Presidency of the Republic and on Despite the emergence of some problems, but we are on a regular basis to the plan and began to staff members whose salaries exceed two and a half million dinars, we have a plan to include other segments and expand the application of this issue and we will put the poor either reintegration into the social protection network card or the ration of flour but we keep all the people Iraq.

Government seeks to ensure the return of expatriate talent abroad What are the means available to attract talented immigrant to return again?

There is a tendency to attract such talent to the country again and re-entry depends on physical factors, security, and functional and improving the income level and that the administration of this file is needed to organize and clarify the framework of a particular, specific and we are at the last meeting of the Council of Deputy Ministers last week agreed to form a committee to determine the contexts of central concern the subject.

How do you evaluate media freedom and the open space in Iraq?

Freedom of information are not set the correct framework is that aimed at the real national interest and the media did not put in the correct format of both characterization and orientations and in a state of decline and the level of the state media institution is weak so the problem the media especially large open place Iraq where we are the only country in the world have the situation of openness without borders.

baghdad morning

China Agrees to Turn off 80 Percent of the Debt on Iraq

January 31, 2010

China agrees to turn off 80 percent of the debt on Iraq

3.8 billion trade volume between the two countries in 2009

بغداد - الصباح BAGHDAD - morning

Ministry of Finance announced the approval of the Chinese State to extinguish 80 percent of Chinese debt owed by Iraq, as confirmed the increased volume of trade exchange between the two countries over the past year by 78percent.

A statement from the Ministry of Finance: The Minister Baqir al-Zubaidi met with Mr. Zhang Yi, China's ambassador in Baghdad.

He added that the ambassador to convey the approval of the State Council of China on a bilateral agreement signed between Iraq and China initialed in Beijing and containing the fire 80 percent of China's debt on Iraq, amounting to 8,5 billion dollars.

And the price of the Minister of Finance, according to the statement, the initiative that he said contribute to strengthening economic cooperation between the two countries, calling the Chinese government to send high-level delegation to Iraq to sign the agreement in Baghdad.

Zubaidi, also bore a message to Chinese Ambassador to the Chinese leadership includes an agreement to facilitate the grant of visa to enter China for the traders and businessmen and wage earners of the Iraqis through opening of consulates in Baghdad, Basra and Arbil, rather than go merchants and Earners Iraqis to neighboring countries, the financial burden many carry them

The Chinese ambassador promised to convey that message to the Chinese leadership, as far as the statement, which confirmed that the percentage of trade between Iraq and China during the first nine months of the year 2009 amounted to more than 3,800 billion dollars, an increase of 78 percent from the year 2008, returned as an indication greatly increased trade and economic cooperation between the two countries.

baghdad morning

A Plan to Open Up to The World ...

January 31, 2010

A plan to open up to the world

بغداد - الصباح BAGHDAD - morning

Said government spokesman Ali al-Dabbagh announced a plan to open up to all the countries of the world.

Dabbagh attributed the recent approval of the Council of Ministers, to open a consulate general of Turkey in the province of Arbil, came to complete the government orientation in the development of Iraq's relations

Neighboring countries and the consolidation of relations between the two countries.

Said in a statement received "morning," a copy of it: "The cabinet decided to recommend to the Ministry of Foreign Affairs to open consulate general of Turkey in the province of Arbil, according to Article (26) of the Foreign Service Act No. (45) for the year 2008 that Iraq retained the right to open a consulate general in Turkey in the future and when there are possibilities and terms of reference include the work of Turkish Consulate General in the governorates of Dahuk, Sulaymaniyah and Erbil.


"Dabbagh said that" the process of opening a consulate general of the Turkish Republic in the province of Arbil, come to supplement the government directed the development of Iraq's relations with neighboring countries and the consolidation of relations between the two neighboring countries through facilitation of mutual caring in several areas of common interests and open new horizons for cooperation frameworks, institutional and government in line with the plan for Iraq to open itself to the States and to promote openness by the consulates of the countries have shown their cooperation with Iraq in the current term in the aspiration to contribute to Brphi development and spur investment and trade and all areas of the economy " .

He explained that the Ministry of Foreign Affairs has already provided its recommendation in this regard after the Turkish Embassy in Baghdad, showing a willingness to open a consulate general in Erbil on the condition that it retains the right to open a consulate general in Turkey in the future, stating that he had previously been open a consulate general in the province of Turkey Basra

Iraqi economic forum - Corey in Baghdad this month

January 31, 2010

Iraqi economic forum - Corey in Baghdad this month

بغداد - الصباح BAGHDAD - morning

Due to be held in Baghdad this month, Iraqi economic forum - Corey.

And reviewed, Iraq's Deputy Minister of Foreign Affairs with South Korean Ambassador Jean is her bilateral relations between the two countries and ways of developing at various levels According to a statement issued by the Foreign Affairs received the "morning" copy of it.

The Korean Ambassador expressed satisfaction with the progress of the democratic process in Iraq through the preparation of the upcoming parliamentary elections, confirming the position of the pro-Seoul Baghdad in combating terrorism, and that has engulfed Iraq security and stability.

The Ambassador held an economic forum for Cory - Iraqis in Baghdad this month, attended by an official delegation headed by Minister of the Korean economy and a number of private sector firms allocated to industry and construction.

For his part, welcomed the Abbawi convening such a forum in Baghdad, and thanked the Korean government on this initiative which will contribute to the development of bilateral relations between the two countries.


US speeds up its own and Gulf allies' preparations for clash with Iran

"The Obama administration set these exceptional steps in motion, debkafile reports, in anticipation of nuclear provocations from Tehran while the regime celebrates the 31st anniversary of the Islamic revolution from Feb.1-11"

January 31, 2010, 12:27 AM (GMT+02:00)

US speeds up its own and Gulf allies' preparations for clash with Iran

DEBKAfile Special Report

The Obama administration took the unusual step Saturday night, Jan. 30, of leaking word to major US media that the United States, Saudi Arabia and Gulf allies - the United Arab Emirates, Kuwait and Bahrain - have accelerated the deployment of new defenses against possible Iranian missile attacks. They are preparing for Iran, or its surrogate Hizballah, to hit back for a possible US or strikes on Tehran's nuclear facilities.

debkafile's US military sources confirm that Washington plans to treble the 10,000-strong US troop contingent, already present in Saudi Arabia for guarding its oil fields and port facilities against medium or short-range Iranian missile attack, or sabotage by Hizballah marine units trained for their mission by Iran's Revolutionary Guards Corps.

Additional US Aegis missile interceptor cruisers with advanced radar and anti-missile systems were also reported to be heading for round-the-clock patrol around Iranian shores, with more Patriot anti-missile missiles to reinforce the eight batteries already deployed in the four emirates.

The Obama administration set these exceptional steps in motion, debkafile reports, in anticipation of nuclear provocations from Tehran while the regime celebrates the 31st anniversary of the Islamic revolution from Feb.1-11.

President Mahmoud Ahmadinejad has promised to announce Iran's attainment of a 20 percent uranium enrichment capability, a short step to weapons grade material.

Some high-ranking Revolutionary Guards officers have also said that Iran will parade a new type of surface missile during the celebrations, without revealing its features, while Iranian space scientists predicted the launch of a new spy satellite of the Toloo series.

All this was taken in Washington as a challenge that could not be left without an appropriate response. Administration officials also feared that Israel might be goaded into going forward with a military operation against Iran's nuclear facilities. The Gulf Arab states were in need of reassurance too.

The White House's decision to deploy additional defenses in the Gulf came only a day after National Security Adviser James Jones warned that Iran was liable to react to pressure by having its proxies Hizballah and Hamas attack Israel. The abruptness of this step pointed to the administration having woken up to the realization that its diplomatic and military position in the region was in grave jeopardy and in dire need of shoring up without delay.

http://www.debka.com/article/8573/

Iraq says can be Top Global Oil Producer


Sunday - 31/1/2010

Iraq says can be top global oil producer

Reuters/Baghdad

Al-Shahristani: Opec co-ordination needed

Iraqi Oil Minister Hussain al-Shahristani yesterday said he expected Iraq to become the world’s top oil producer in six to seven years, and that Opec should take into account Iraq’s need to rebuild its economy.

Emerging from the shadow of war and keen to generate petrodollars to rebuild, Baghdad looks set to lift capacity to 12mn barrels per day in six or seven years, strengthening its hand for future negotiations on output quotas with Opec.

“We can’t find a reason to prevent Iraqi production becoming higher than any other Opec state or even states outside Opec. We expect that to happen in the next six to seven years with co-ordination and agreement with other Opec producers,” he said.

Iraq has signed a series of oilfield development deals with global oil firms – which bid on prime fields at two energy auctions last year – in a nation with the world’s third largest crude reserves, emerging from years of conflict and sanctions.

Unlike Opec’s 11 other members, Baghdad is not subject to the output targets the group uses to set supply levels. Opec exempted Iraq in the 1990s, when it was under sanctions.

“Iraq has been deprived of having a fair export level over the last years, during which we were not able to produce or export oil while other states got benefit from this and were able to export at higher levels,” Shahristani told reporters.

“Opec should put into consideration Iraq’s need for oil revenues to rebuild its economy and country. Iraq has a definite need for these revenues.”

Iraq said last week it expected to present to Opec partners in 2011 ideas for guidelines on new quotas when Baghdad’s plans to boost production capacity take shape.

The Opec oil producers group is likely to try to get Iraq to curb output rather than pump all its extra capacity onto the market, analysts say.

“We are not interested to flood the market with oil. Our future policy is to get higher revenues for Iraq rather than higher production and flooding the market,” Shahristani said.

Meanwhile, the head of the State Oil Marketing Organisation said yesterday that Iraq’s supergiant Rumaila oilfield will begin producing an extra 100,000 barrels per day (bpd) by the beginning of July

“I expect we will get 100,000 barrels additional production from Rumaila field at the beginning of July,” Falah Alamri told an economic conference in the Iraqi capital.

British Petroleum and China’s CNPC signed a 20-year development contract last year for Rumaila, which was agreed to have a baseline production of 1.066mn bpd.

On Thursday, Iraq signed a final deal with a group led by Russia’s Gazprom to develop its eastern Badrah oilfield, which has estimated reserves of 100mn barrels of oil.

Gazprom Neft, the oil arm of the giant Russian oil company, is teaming up with Turkey’s TPAO, South Korea’s Kogas and Malaysia’s Petronas for the field, which is near Iraq’s border with Iran.

“Very soon we’ll have a meeting with our partners, hopefully in February, and then we will start implementing the project,” Metin Korucu, a senior official at TPAO, said after the signing ceremony.

The consortium will invest a total of $3.52bn to pump 170,000 barrels of oil per day (bpd) from Badrah, Kogas said It said it would invest 1.05bn into the project.

The group agreed to a $5.50 per barrel fee at Iraq’s second oilfield auction in December. Gazprom owns 40% of the venture. Kogas holds 30%, Petronas 20% and TPAO has a 10-percent stake.

Deals coming from the two oilfield auctions last year may raise Iraqi oil output capacity in seven years to 12mn bpd from the current 2.5mn bpd.

Boris Zilbermints, Gazprom Neft’s deputy chief executive for exploration and production, said in December the company would invest $2bn in developing Badrah and expected to pump the first crude from the field within three years.

It plans to reach full production of 170,000 barrels per day within six to seven years of signing the contract, he said

Plan and a Ministerial conference on the ration card of five years

Plan and a Ministerial conference on the ration card of five years

31/01/2010

Cairo January 31 (AKnews) - UN Secretary-General of the Iraqi Council of Ministers on the Keywords, the government has already begun implementing an integrated plan of five years to come, try not to Salah Altamonip labeling, noting that its current state money perish Money.

He Keywords told Kurdistan News (AKnews) said Sunday that "the plan has been accepted by the government and parliament and the presidency, adding that" Despite the emergence of some problems, but the plan going on a regular basis. "

Keywords According to the government "is seeking to form a committee whose task is to know the incomes of senior civil servants, contractors, traders, doctors and engineers through the ministries of finance, planning, trade, to keep the real people, who deserve the card Altamonip actually."

He urged "citizens over Mdjulathm Mleoniin and more than half a million dinars for reporting, noting that" the Commission adopted an important issue is that the flour will remain supported by the government for all Iraqi people. "

The Keywords are currently visiting Cairo to sign a number of memoranda of understanding with the Egyptian side in the field of administrative development and the development of human Aalquadr.

Hakim meets representative of the Secretary General of the United Nations in Iraq


Sayyed Ammar al-Hakim meets representative of the Secretary General of the United Nations in Iraq

31/01/2010

His Eminence, Mr. Ammar Hakim, head of the Supreme Islamic Iraqi Ambassador Odmill card representative of the Secretary-General of the United Nations in Baghdad.

During the meeting, they reviewed the latest developments in the electoral process and means for their advancement as a pivotal element of the joints of the democratic process in the new Iraq.

He stressed the distinguished representative of the Secretary-General Kofi Annan that the organization will play an active role for the success of the electoral process and provide advice to the Iraqi government and the Presidency Council and the Iraqi people if they so wish.

Considering that what was done by the accountability and justice in this time an Iraqi affair as you apply one of the paragraphs of the Iraqi Constitution.

For his part, Sayyed Ammar al-Hakim, the need for the forthcoming general elections are transparent and fair elections, allow the Iraqi voters choose their representatives freely and avoid the problems and the obstacles that got in the past, appreciating the role of the United Nations in consolidating democracy in the country.

Election Campaigns Begin February 7th ..


VII of the next month as the date for the start of election campaigns

The Commission identified the Independent High Electoral VII of the next month as the date for the start of the election campaigns for candidates and political entities.

The member of the Board of Commissioners in the Office Karim al-Tamimi in a radio interview all entities and candidates to adhere to the controls established by the Commission.

Tamimi pointed out that UNHCR has imposed fines on a number of political entities that did not comply with the start date of the election campaign.

And the Commission had formed committees to monitor violations of political entities in coordination with the secretariat of Baghdad, the National Bureau of UNHCR offices in all governorates.

radionawa

Budget will pass. There will Not be a Veto or an Amendment ....

"He explained that "the budget law will be approved and will not get in the door of the veto or amendment in addition to that Parliament can not modify any article due to time constraints and an emergency meeting and one of the amendments are not enough."


Valuable for a coalition of law

Conscious / Baghdad

31/1/2010 6:25 pm

Exclusion of a member of the Iraqi Parliament MP Mohammad Tamim for the National Dialogue Front said the denunciation of the Presidency of the Republic Article (21) of the Code of Federal budget for fiscal 2010.

Tamim said in a statement singled out by the reporter (news agency, Iraqi Information / conscious) that "the Presidency can not be the setting aside of this article or to veto the law, attributing this to the members of the Presidency of the Republic of the rival blocs of the coalition, the rule of law so it will not break their budget based on the demands of the rule of law In addition to their fear of using the subject of appointments Kdaiip election and therefore they will not give a gift so expensive for the state of law so easily. "(to say).

He explained that "the budget law will be approved and will not get in the door of the veto or amendment in addition to that Parliament can not modify any article due to time constraints and an emergency meeting and one of the amendments are not enough."

The Vice-state coalition, a coalition called the rule of law to veto the Presidency of the Republic Article (21) of the federal budget law which provides for suspension of appointments in government institutions, but after the formation of federal service.

http://al-iraqnews.net/new/siaysiah/52889.html

2 Koreas Discuss Economic Cooperation ..

Jan 31, 2010

2 Koreas meet in North to discuss factory park despite tensions following artillery firing

North and South Korean officials held talks Monday on a joint industrial complex just days after the North renewed tensions between the neighbors by firing artillery toward their disputed sea border.

North Korea lobbed dozens of shells near the western sea border during a military exercise last week, prompting South Korea to respond with a barrage of warning shots. No casualties or damage were reported, and South Korean officials said North Korea's artillery landed in the water.

The poorly marked sea border is a constant source of tension between the two Koreas. Their navies fought a skirmish in November that left one North Korean sailor dead and three others wounded, and engaged in bloodier battles in the area in 1999 and 2002.

Despite the flare-up in border tension, officials of the two Koreas met at the North Korean border town of Kaesong on Monday as previously scheduled to discuss how to develop their joint factory park there, according to Seoul's Unification Ministry. Details of the meeting were not immediately available.

The one-day meeting marked the first working-level inter-Korean talks on the development of the Kaesong complex since last July.

The Kaesong complex combined South Korean capital and know-how with cheap North Korean labor when it opened in 2004, and has served as a key symbol of inter-Korean cooperation. About 110 South Korean factories at Kaesong employ some 40,000 North Korean workers.

However, tensions between the two Koreas last year put the project in jeopardy. The two Koreas technically remain in a state of war because their three-year conflict ended in 1953 with a truce, not a peace treaty.

The nuclear-armed North has been reaching out to the U.S. and South Korea in recent months, and joined South Korean officials in touring industrial parks in China and Vietnam in December.

The two Koreas met last month at Kaesong to assess the joint tour but made no significant progress, with Seoul officials balking at the North's demand to put wage hikes on the agenda.

South Korean officials are hoping to focus on easing border crossings and customs clearances for South Koreans who travel to and from the complex.

"We have told them that we can naturally discuss the issue like wage hikes after (Kaesong complex's) productivity and competitiveness increase," chief South Korean delegate Kim Young-tak told reporters before crossing into the North via the heavily fortified border.

Source: AP News

Minister of Finance Receives Approval from the Chinese Ambassador to Extinquish Debt ...

31/1/2010

Minister of Finance receives approval from the Chinese ambassador to extinguish the country 80% of the debts on Iraq

Conscious / Baghdad

Received Minister of Finance Bayan Jabor, the Chinese ambassador in Baghdad, who was transferred Chinese State Council approved the bilateral agreement signed between Iraq and China initialed in Beijing, containing the engines from China to Iraq's debt of $ 8,5 billion dollars.

The Information Office In the ministry for (News Agency, Iraqi Information / conscious ) "The price-Zubaidi This initiative, which contribute to strengthening economic cooperation between the two countries and called on "the Chinese government to send high-level delegation to Iraq to sign the agreement In Baghdad."

The pregnancy and Minister of Finance Vice-President of the Economic Commission, Chinese Ambassador to the Chinese leadership message includes an agreement to facilitate the grant of visa to enter China for the traders and businessmen and wage earners of the Iraqis through opening of consulates in Baghdad, Basra and Arbil, rather than "go merchants and Earners Iraqis to neighboring countries, which compels them financial burdens many The Chinese ambassador promised to convey that message to the Chinese leadership.

"Only a proportion of trade between Iraq and China during the first nine months of 2009 amounted to more than 3,800 billion dollars, an increase of 78% for the year 2008 and this great indicator of the increasing economic and trade exchanges between the two countries .

Launch of the broad investment and the creation of mega-projects


Abdul-Mahdi: Launch of the broad investment and the creation of mega-projects sponsor the absorption of hundreds of thousands of unemployed

31 January, 2010

Vice President Adel Abdul-Mahdi said the general situation in the country needs a comprehensive reform program based mainly on the launch of the movement of great economic and social being of activating the agricultural, industrial, service and other fields.

Abdul Mahdi stressed during his meeting Sunday with a large group of elites and the scientific competence and academic, cultural and Dhi Qar province in the context of a seminar addressed issues and concerns of Iraqi citizens, particularly in the province of Dhi Qar, the importance of launching a grass-roots initiatives of the Organization, considering it an important tributary streams from development and economic advancement.

During the seminar was to review the most important problems facing the development processes and the promotion of economic, scientific, and social service in Dhi Qar, where the figures showed that participating province is still suffering from severe shortages in health and education services, educational and cultural, although some of the projects completed in recent years.

Adel Abdul-Mahdi, and that investment is a key pillar in the development and reconstruction, but that depends on the elimination of obstacles and constraints, particularly the bureaucracy and the mentality of the past that is still governing in most joints and state institutions.

ViNTV

Asian banks have ‘once in a lifetime’ chance

The Peninsula - 31 January, 2010

Asian banks have ‘once in a lifetime’ chance

The financial crisis has created a “once in a lifetime” opportunity for Asian banks to take a far bigger share of the global banking market and challenge, if not overtake, some of the largest western groups, said the chairman of the Government of Singapore Investment group.

Tony Tan, speaking to the Financial Times at the World Economic Forum in Davos, said this came as the Asian region was potentially moving towards a “new Golden Age”, as it continued to post high levels of growth in spite of the recent financial turmoil in the west.

However, Tan also warned that the crisis had left many Asian countries, and other emerging market players, re-evaluating the way they ran their economies.

They were questioning whether it was right to rely on US and European assertions that the best way to run a modern economy was to use a “system of free markets and minimal regulation, and large dependence on financial institutions and minimum interference by the state”.

“I think Asian countries will now look again at whether we want to be (following the US),” he said, pointing out that even in the US there was a rethink of laisser faire economics.

Asian investment

“State capitalism, interference by the state, has served (some countries) well,” he said, suggesting this was prompting others to move in that direction. The comments are likely to be closely watched in the Asian investment world as the GIC is one of the oldest and largest sovereign wealth funds, with more than $ 100bn (€71bn, £62bn) under management.

Moreover, Tan’s comments echo a theme heard in many of the debates in Davos, as world leaders confront a shift in economic muscle towards emerging markets. Some delegates in Davos have welcomed this change, arguing that it could create a more balanced world and maintain global growth at a time of western financial pain. However, Tan was concerned that the shift could fuel rising tension in the US-China relationship.

“In the past we had a unipolar world, with the US as the leader in military capability and so on. But this is now changing. For many years to come the US will be the strongest military power, but [to fund that] the US will have to rely on other countries buying treasury bills.”

Tan said the GIC, like many other sovereign wealth funds, was responding to the change by focusing more on investments in emerging markets.

He identified areas such as commodities as investment targets, as well as countries with a high involvement in commodities such as Australia.

Any reorganisation of asset allocation would need to take place slowly because “to a large extent the Asian markets do not have the same liquidity” as markets such as the US.

Goldman Sachs Predicts ... 2011 will be a good year?

December 26. 2010

This Goldman Sachs Guru Sees 2011 as 'the Year of the USA'

Jim O'Neill shot to fame by predicting the staggering rise of emerging-market economies. Now the head of Goldman Sachs (GS) Asset Management, O'Neill recommended investors buy into so called BRIC economies of Brazil, Russia, India and China a decade ago.

Few economic trends have been more consequential since, and O'Neill deserves plenty of credit for spotting it early on. Investors following his advice would have made handsome profits even as the developed world struggled. Indeed, O'Neill's recommendation is often seen as the call of the decade.

So, what economy is he predicting will shine in the coming year? The U.S.

In a note to clients earlier this week, O'Neill wrote that he recently found himself "dubbing 2011 as the likely 'year of the USA' following a spate of stronger-than-expected economic data.

Even Employment Could Pick Up

O'Neill anticipates strong stock market gains of 20% in the year ahead. And while the jobs picture has continued to struggle even as the market surprised to the upside, that could change as well. "The growth is likely to be strong and robust enough to lead to declining unemployment which, if correct, should mean that the worst of the social consequences of the credit crisis should start to ease," he wrote.

Bonds would get hit as yields rise in anticipation of growth, and the dollar could rally substantially, he predicted.

Of course, the U.S. economy continues to face problems like indebted consumers, low personal savings rates and big current account deficits. But 2011 "will be the beginning of a new phase in which the U.S. has strong GDP growth," O'Neill wrote, led by exports an investments.

From "New Normal" to "Normal"

Bearish holdouts for much of the year, economists at Goldman Sachs recently threw in the towel and are now forecasting strong growth for the U.S. in the years ahead. While government statistics released Wednesday revised third-quarter growth up to an annualized 2.6% from the initial 2.5% estimate, Goldman now predicts a growth rate of 3.4% for 2011 and 3.8% for 2012.

During 2010, however, many in the U.S. worried about the prospects of a double-dip recession, while many emerging market juggernauts found themselves coping with strong growth. China and India raised interests rates to keep inflation in check, even as the Fed embarked on a second round of quantitative easing to try stimulating the economy and to avoid deflation.

Sour sentiment in the U.S. as high-profile investors predicted a long period of subpar growth under a "new normal" scenario weighed on financial markets. Investors huddled into safe assets like bonds despite meager yields even as corporate earnings boomed.

But brightening sentiment could change investor preferences and give stocks a boost. "All of this will result in a mood that the U.S. is returning to 'normal,' which will have predictable consequences for financial markets," O'Neill wrote.

O'Neill's predictions may seem farfetched to U.S. investors mired in years of pessimism following the financial crisis. But they should recall that his prescient call on the BRIC economies at a time when most investors were still focused on the aftermath of the dot-com bubble's bursting seemed even less likely. You may not want to ignore him again.

http://www.dailyfinance.com/story/investing/goldman-sachs-oneill-2011-year-of-usa/19774277/?wpisrc=nl_wonk

Also What Rising Stock Market Doesn't say about jobs ~ http://www.dailyfinance.com/story/investing/rising-stock-market-falling-job-market/19772313/

And Turnabout: Goldman Sachs Is Now Bullish on America - See full article from DailyFinance: http://srph.it/i9cpRp

And The Next Eleven (or N-11) are eleven countries—Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam—identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century along with the BRICs. The bank chose these states, all with promising outlooks for investment and future growth, on December 12, 2005.

Goldman Sachs used macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education as criteria. The N-11 paper is a follow-up to the bank's 2003 paper on the four emerging "BRIC" economies, Brazil, Russia, India, and China.[1]

South Korea: Advanced economy (both CIA and IMF), High-income economy,[2] Very High human development, High-income OECD member, Developed market (in FTSE index),[3] Full democracy, Development Assistance Committee member, G-20 major economies, Four Asian Tigers, KORUS FTA, European Union-Korea FTA, Visa Waiver Program participant, APEC founding member, ASEAN Plus Three founding member, EAS founding member

http://en.wikipedia.org/wiki/ASEAN_Plus_Three#ASEAN_Plus_Three