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UKfan1972:   Iraq’s currency was turned off and at some point..will be turned on. We possess it. We are not victims…we are beneficiaries of an opportunity

[xyz] China says AIIB up and running early in the new year

http://www.reuters.com/article/us-asia-aiib-establishment-idUSKBN0U80HH20151225

BrocollySaurus: Markets have been on “Closed” status since yesterday.http://money.cnn.com/data/world_markets/asia/

It has also been mentioned that long weekend are very favorable for Iraq to process all their numbers, banking wise; Ofc it does not mean it’s going to happen this weekend, though i would like it to be so.
Elmerf123456:  Fantastic News! China establishes rival to World Bank The Asian Infr​astructure Investment Bank (AIIB) has been formally established
China establishes rival to World Bank

The Asian Infrastructure Investment Bank (AIIB) has been formally established
The China-backed Asian Infrastructure Investment Bank (AIIB), viewed by some as a rival to the World Bank and Asian Development Bank, was formally established on Friday, according to a statement issued by Beijing.

The United States and Japan – the world’s largest and third-largest economies, respectively – have notably declined to join the bank, which is expected to begin operations early next year, though others such as Australia, Germany and Britain will take part.

The bank’s establishment came after 17 funding members of the AIIB, which account for , ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying.

“The AIIB is legally established as the Articles of Agreement take effect today,” said Mr Lou said.

“The establishment of the AIIB marks a milestone in the reform of global economic governance system.”

see more:  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/120690​26/China-establishes-rival-to-World-Bank.html

Driftcurrent:  Elmer there it is AIIB here comes BRICKS

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BigB: The True Story of Rudolph

A man named Bob May, depressed and brokenhearted, stared out his drafty apartment window into the chilling December night.

His 4-year-old daughter Barbara sat on his lap

Quietly sobbing. Bob’s wife, Evelyn, was dying of cancer.

Little Barbara couldn’t understand why her mommy could never come home. Barbara looked up into her dad’s eyes and asked, “Why isn’t Mommy just like everybody else’s Mommy?” Bob’s jaw tightened and his eyes welled with tears. Her question brought waves of grief, but also of anger. It had been the story of Bob’s life. Life always had to be different for Bob.

Small when he was a kid, Bob was often bullied by other boys. He was too little at the time to compete in sports. He was often called names he’d rather not remember.

From childhood, Bob was different and never seemed to fit in. Bob did complete college, married his loving wife and was grateful to get his job as a copywriter at Montgomery Ward during the Great Depression.

Then he was blessed with his little girl. But it was all short-lived. Evelyn’s bout with cancer stripped them of all their savings and now Bob and his daughter were forced to live in a two-room apartment in the Chicago slums.

Evelyn died just days before Christmas in 1938. Bob struggled to give hope to his child, for Whom he couldn’t even afford to buy a Christmas gift.

But if  he couldn’t buy a gift, he was determined to make one – a storybook! Bob had created an animal character in his own mind and told the animal’s story to little Barbara to give her comfort and hope. Again and again Bob told the story, embellishing it more with each telling.

Who was the character? What was the story all about? The story Bob May created was his own autobiography in fable form. The character he created was a misfit outcast like he was. The Name of the character? A little reindeer named Rudolph, with A big shiny nose.

Bob finished the book just in time to give It to his little girl on Christmas Day.

But the story doesn’t end there.

The General manager of Montgomery Ward caught wind of the little storybook and offered Bob May a nominal fee to purchase the rights to print the book. Wards went on to
Print, “Rudolph, the Red-Nosed Reindeer” and distribute it to children visiting Santa Claus in their stores.

By 1946 Wards had printed and distributed more than six million copies of Rudolph. That same year, a major Publisher wanted to purchase the rights from Wards to print an updated version of the book.

In an unprecedented gesture of kindness, the CEO of Wards returned all rights back to Bob May. The book became a best seller. Many toy and marketing deals followed and Bob May, now remarried with a growing family, became wealthy from the story he created to
Comfort his grieving daughter.

But the story doesn’t end there either.

Bob’s brother-in-law, Johnny Marks, made a song adaptation to Rudolph. Though the song was turned down by such popular vocalists as Bing Crosby and Dinah Shore , it was recorded by the singing cowboy, Gene Autry.

“Rudolph, the Red-Nosed Reindeer” was released in 1949 and became a phenomenal success, selling more records than any other Christmas song, with the exception of “White Christmas.”

The gift of love that Bob May created for his daughter so long ago kept on returning back to bless him again and again.

And Bob May learned the Lesson, just like his dear friend Rudolph, that being different isn’t so bad. In fact, being different can be a blessing.

MERRY  CHRISTMAS

Iran Sanctions Could Be Lifted As Soon As January

Iran has been dismantling parts of its nuclear program faster than many anticipated and could meet its obligations for the lifting of some sanctions as soon as January, according to some officials monitoring the agreement.

Iran’s nuclear deal with world powers includes a key target known as “implementation day.” No specific date was set when the agreement was reached last July to great fanfare.
Implementation day will arrive when international inspectors determine that Iran has taken initial steps to curb its nuclear program. In turn, Iran will get sanctions relief as promised in the deal.

Obama administration officials say the nuclear deal was front loaded, requiring Iran to take the first steps. The country must dismantle some two-thirds of its nuclear centrifuges and ship out or dilute a large portion of its enriched uranium.

Many analysts predicted this would not happen until the spring of 2016. But Iran says it plans to fulfill its part by January, and the International Atomic Energeny Agency, which is inspecting Iran’s facilities, says this is possible.

Stephen Mull, the U.S. official who oversees the implementation of the Iran nuclear deal, calls this “crunch time.”

“It is up to [the Iranians] to decide when they can do all this and the fact that they are doing it rather [more] quickly than anyone expected, we have a challenge to ensure that every step is verified perfectly,” Mull said recently at a conference on Iran held at the Atlantic Council in Washington.

Under the deal removing some sanctions, “non-U.S. parties will be able to purchase unlimited amounts of crude oil, of gas from Iran without risk of U.S. sanctions,” notes Adam Szubin of the Treasury Department. “Iran will regain access to the international financial system, by and large. The Central Bank of Iran will be allowed to move money and [have] access to its reserves.”

http://www.npr.org/sections/parallels/2015/12/23/460821794/iran-sanctions-could-be-lifted-as-soon-as-january

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