Jjimmyjj: The news and analysis the last 36 hrs has been absolutely phenomenal — I’ve never seen anything like it.

18mo ago,  any one if those articles would have had us talking about “windows” for a month.
The article 8 evidence recently,  if released last year,  would have had us over the moon.

Now,  though,  we just shrug and say “Fine,  but the international visa/mc are still at a program rate,  so who cares?”

Well, I care.

I am grateful we’re seeing the real deal actions by the GOI and CBI occurring right in front of our eyes. And I’m especially grateful for all the teams here for bringing it to us.


Don961:  Economic role of communication

Thursday 13 June 2019

Dr.. In the name of Brahimi

Recent studies indicate the importance of communication with the public, which is a key issue in the success of economic policies. It is a fundamental part of the policies. Therefore, economic reforms are liable to fail if they are not understood, ratified, accepted and influential in the target groups, especially with the spread of social media. The public is increasingly able to express their views on public policy and this requires greater transparency and accountability around the world, which increases the pressure on policy makers to better explain their actions to the public and clarify the justifications for their confidence.

Achieving effective institutional communication faces three major challenges that must be taken into account: First, trust, which is essential for the efficiency of an economy and the success of its reforms.

It seems from the available indicators that economic crises contribute negatively to confidence in economic policies and while communication can contribute Is important in restoring confidence, but that must be credible and that people do not feel that communication is based on maneuvering in order to pass certain policies because this will deepen the crisis of confidence between the institution And the public.

The second challenge is to learn from experience. Effective communication should be based on learning from experience as well as adjusting the communication process to suit the different areas covered by the policies, that is to say, the communication is based on data that is consistent with the target policy.

The third challenge is the importance of acquiring new capabilities in communication, whether through new technology or using multiple channels and reaching the public directly with the least amount of mediation. This is crucial in countries where economic information is still under development or dominated by a certain political platform.

The increasing importance of institutional communication with the public to convey messages and clarify policy appeared to be on the IMF’s procedures by creating a communication department to accommodate these variables and to clarify the Fund’s strategy with external actors. I think we need to benefit from this in Iraq. that?.     link

Don961:  Halabousi discusses prospects for developing relations between Iraq and America

Thursday 13 June 2019

Baghdad / Al-Sabah

Speaker of the House of Representatives Mohammed Al Halbusi congratulated the new US ambassador to Iraq, Amathio Toler, on his appointment as ambassador to Baghdad, wishing him good luck in carrying out his new diplomatic duties.

A statement by the media department of the parliament, received by the «morning», that Halbusi received the US ambassador to Iraq Amathio Toler; on the occasion of his appointment as the new ambassador to the country ».

During the meeting, Al Halbusi congratulated Toler on the occasion of his appointment as ambassador to Baghdad, wishing him “success and success in carrying out his new diplomatic mission to enhance the bilateral relations between the two friendly countries.”

The meeting touched upon “the current situation, prospects for developing relations between Iraq and the United States of America, as well as a number of issues and developments in the region.”    link


Samson:  Brent crude rises for a second day after attacks on two carriers in the Middle East

14th June, 2019

Brent crude continued its strong gains on Thursday after an attack on two oil tankers in the Gulf of Oman, raising concerns about reduced crude flows through one of the world’s major shipping routes

The attacks near Iran and the Strait of Hormuz pushed oil prices up 4.5 percent on Thursday, reversing a price drop in recent weeks on concerns about global demand

This is the second time in a month that tankers have been attacked in the world’s most important oil supply region amid escalating tensions between the United States and Iran. Washington quickly blamed Iran for Thursday’s attacks, but Tehran denied responsibility

By 0638 GMT, London Brent crude futures rose 23 cents, or 0.4 percent, to $ 61.54 an ounce, after rising 2.2 percent on Thursday. But Brent contracts are heading towards a weekly decline of about 3 percent, down for the fourth week

US West Texas Intermediate crude futures fell 1 cents to $ 52.27 a barrel after rising earlier. West Texas crude also closed up 2.2 percent in the previous session, but is heading down 3.2 percent on a weekly basis

Tensions have been rising in the Middle East since the US president decided to withdraw the United States from a global nuclear deal with Iran in 2015 and re-imposed sanctions on Tehran targeting its oil exports in particular

On the demand side, OPEC on Thursday trimmed its forecast for global oil demand growth due to trade disputes and cited the risk of a further decline than warranting extension of supply restrictions until the end of 2019

The organization and its allies are due to meet in the coming weeks to decide on maintaining supply constraints. Some members of the Organization are concerned about sharply falling prices, despite US President Donald Trump’s demand for action to reduce oil prices

OPEC said in a monthly report published on Thursday that global demand for oil will increase 1.14 million barrels per day this year, less than 700 thousand barrels per day than previously estimated    LINK

Samson:  Russia and the European Union agree to shed the dollar

14th June, 2019

Russia and the European Union have agreed to set up a working group to reduce the dollar’s share of their balance of payments and move to the ruble and the euro, a Russian official told the Russian newspaper RBC

Andre Lavrov, spokesman for the Russian Finance Minister, said the minister had agreed with the vice president of the European Commission for Energy, Marusz Shevovich, on that, referring to the group will also discuss the energy trade between Russia and Europe.

The two sides stressed the importance of using national currencies in the energy trade in order to reduce risks to the business sector in Russia and the European Union, the official said

According to Russian Central Bank data, the share of rubles in Russia’s trade with the EU is only 8.3%, while the euro share is 34.3%. The largest share is the dollar (54%), mainly because oil and gas supplies are denominated in dollars   LINK

Samson:  Abdul-Mahdi to Pompeo: Iraq seeks to achieve calm and protect the interests of the peoples and countries of the region

14th June, 2019

Prime Minister Adel Abdul Mahdi told US Secretary of State Mike Pompeo on Friday that Iraq seeks to achieve calm and protect the interests of the peoples and countries of the region.

“The Prime Minister received today a telephone call from US Secretary of State Mike Pompeo, during which they discussed enhancing relations between the two countries and exchanging views on developments in the region against the backdrop of the inter-state crisis,” the media office said in a statement received by Al-Alsumaria News. The United States and the Islamic Republic of Iran.”

“Pompeo praised Iraq’s position, its growing role, its diverse relations in its Arab and regional environment, its efforts to maintain security and stability, and avoid escalation, as well as continued cooperation between the two countries against terrorism,” the office said.

The office quoted Abdul Mahdi as saying “the importance of developing bilateral relations and continuing cooperation in all fields, foremost of which is economic cooperation and countering terrorism.”

He also expressed Iraq’s stance on the current crisis and its efforts to achieve calm and protect the interests of the peoples and countries of the region. On this file, which is very important and affects the security and interests of the countries of the region, Europe and the world.”   LINK

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