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"There is a Reason" - Fri. AM KTFA Thoughts/News 3/16/18

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"There is a Reason" - Fri. AM KTFA Thoughts/News 3/16/18

Post by Ssmith on Sat Mar 17, 2018 9:01 am


Don961 » March 16th, 2018

Thanks Walkingstick .... greetings sir….I heard this choice on the news earlier ...
Remember Larry Kudlow and Jim Cramer .... use to be a show Kudlow & Cramer on CNBC in the early 2000's ... Jim Cramer left in 2005 to do his own show "Mad Money ".... Mr. Kudlow did "Kudlow & Company " .... this is promising !! ... imo

Walkingstick » March 16th, 2018

Trump appoints an economic analyst as an adviser to the White House and asserts that America will experience great financial success


WASHINGTON (Reuters) - US President Donald Trump on Thursday named economic analyst Larry Kudlo as president of the Economic Council and as economic policy adviser to replace Gary Conn, who resigned last week.

​"Larry Kodlo will become my chief economic adviser and president of the National Economic Council," Trump wrote in a tweet posted on his official Twitter account.

"Our country will witness great economic and financial success, with low taxes, unique innovations, fair trade and a constantly leading workforce," he said.


Don961 » March 16th, 2018

Trump's new adviser supports "strong dollar" policy

15 March 2018 04:01 PM

Larry Cudlow, the newly appointed chief economic adviser to US President Donald Trump, said the dollar's stability was the result of good economic policy.

"The great nation needs a strong currency," Kudlo said in remarks to CNBC. "He has no reason to believe that Trump does not favor a strong and stable dollar.

"He does not say that the dollar will rise 30 percent, but he calls on the rest of the world to realize that they will keep the global reserve currency stable."

The US Treasury Secretary said in January that he supported the weak dollar, but he quickly retreated from those remarks that caused a sharp decline in the green card.

Lardy Kudlo has been appointed chief economic adviser to replace Gary Cohen, who recently resigned over the tariff decision.

"If the dollar weakens significantly, the Fed may need to increase interest rates further," he said, noting that the current dollar level is favorable to him, referring to the dollar index at $ 90. link

SJosh » March 16th, 2018

IMO this is HUGE... capital gains rate is how any "investment gains" are treated that are held longer than 1 year

Samson » March 16th, 2018

US bill to reduce income tax

15th March, 2018

Republicans are working on a second bill that will make income tax cuts permanent and may also cut corporate taxrates, a White House spokesman said on Thursday . "We want to make individual income tax cuts in the first draft permanent, they are also talking about a possible reduction in the capital gains tax rate,"spokesman Raj Shah told Fox Business television .

The expected law is the second of its kind after more than a year after the Trump Economic Group put up provisions in the previous tax reform law when most exemptions for US families are canceled, although it gives companies considerable facilities. Some see the law as the biggest tax reform in the United States in 31 years and cost the public treasury about $ 1.5 trillion over the next 10 years. But it will increase the US public debt by about $ 1 trillion, which reached its highest rate in the first year of Trump in the White House when it exceeded $ 20 trillion.

However, the Trump economic team believes that the new tax system will lead to an increase in the GDP growth rate between 0.5% and 1%, while the US Federal expressed uncertainty about the validity of those expectations.

The most important thing in the new tax reform law was to reduce the maximum corporate tax rate from 35% to 21%, to reduce the tax on profits of US companies returned to the country, with some minor reductions in taxes on individuals, in addition to the abolition of many of the tax exemptions for individuals during The next few years. LINK

Economist: The debt of Saudi Arabia and Iran on Iraq can not be recognized internationally

16th March, 2018

Economist Bassem Jameel Antoine revealed on Thursday that the debts of Saudi Arabia, Saudi Arabia and the Islamic Republic of Iran amount to a total of 40 billion dollars, pointing out that Iraq can not pay and recognize them because of its documentation at the United Nations and the absence of international documents and documents condemning Iraq .

Antoine told "Iraq News", "The debts of Kuwait to Iraq are debts officially documented at the United Nations and there are official documents on that debt," pointing out that "the State of Kuwait asked Iraq to postpone payment of its debt by 90% because of low oil prices and The rise of Iraq begins with the debt. "

He added that "the debts of the Kingdom of Saudi Arabia and the Islamic Republic of Iran totaling a total of 40 billion dollars," pointing out that "Iraq can not pay and recognition because of its documentation at the United Nations and the absence of documents and international documents condemning Iraq with those debts."

"Saudi Arabia and Iran paid money in the 1980s as aid to the Iraqi people, but there are no official international documents confirming that Iraq is a creditor of those two countries and the Iraqi government can not pay the money without any official documents," he said LINK

AndyS43 » March 16th, 2018

Gotta love the month of March! Thanks Samson!

Samson » March 16th, 2018

The Central Bank celebrates the first Iraqi currency 86 years ago

16th March, 2018

The Central Bank of Iraq celebrated on Friday, the 86th anniversary of the issuance of the first national currency after the declaration of the establishment of the modern Iraqi state.

The Central Bank said in a press statement, received by "Al-Ghad Press", that "today passes us the 86th anniversary of the issuance of the first Iraqi currency of the Iraqi state, the dinar, which was issued on 16/3/1932."

He pointed out that "the dinar was taken as a basic unit of the Iraqi currency and worth a thousand fils, and was carrying the image of King Faisal I, heading to the left."

"The purchasing power of the Iraqi dinar was 7.3 grams gold," he said.

He pointed out that "the currency committee was the responsible party, and the dinar was signed by its members: the chairman of the committee, Helten Young, the representative of the Iraqi government Jafar al-Askari, Bertram Hornsby was appointed by the Bank of England, Viscount Ghoshin representing banks operating in Iraq, Representative of banks operating in Iraq. " LINK

DDreamer » March 16th, 2018

Hummmm... in 1932 the price of gold is listed at $20.67 per ounce. There at 28.35 grams in an ounce..... 7.3 grams would have been approximately had $5.32 of purchasing power.. unless my calculator and coffee are broken.

BelfastGurl » March 16th, 2018

What I find interesting about this article is that the CBI is celebrating their currency. I have never seen another bank do that. Which says to me that there is importance in them recognizing their currency publicly like this. To be able to say, "this is our currency heritage" is helping them to pave the way to be able to say..."NOW look at what we've got." IMO of course.

Z1World » March 16th, 2018

Yes, also imo bit random to be celebrating the 86th anniversary unless there is a REASON to do so.

Doodlebug » March 16th, 2018

Curious that this is coming out today, and with a history lesson to boot.

Just playing with numbers here... In 1932, Gold was approximately $20.67 per ounce, based on this website. There are 28.35 grams in an ounce or when measuring precious metals, it is known as a "Troy" Ounce which is 31.103. I don't know which measurement they used back then and honestly, it is faster for me to play with the numbers than to search the countless articles of, "To Troy or Not to Troy". hahaha....

....Any-who-dee-ha, Here is what I came up with:


20.67 Gold/per ounce / 28.35 (grams in an ounce) = .729 per gram
.729 * 7.3 (purchasing power of dinar) = 5.32

or Troy Ounce

20.67 Gold / 31.103 (troy ounce) = .6645
.6645 * 7.3 (purchasing power of dinar) = 4.85.

Samson » March 16th, 2018

The municipality of Mosul announces the payment of four months' salaries to its employees in two installments

16th March, 2018

The director of the municipality of Mosul, Abdel-Sattar Habbo, on Friday, the ministry's approval to pay the salaries of municipal workers for four months.

Al-Habbo said in a statement to Al-Ghad Press that the municipal ministry agreed to pay the workers of the municipality of Mosul and the general municipalities of the province for four months during the current year.

"The ministry will send next week the salaries of March and February, while the salaries of April and January will be paid in April," he added. LINK

Launch of the first batch of salaries of employees of the service "Akbar" Diyala Hospital

16th March, 2018

The Health Committee of the Diyala Provincial Council announced on Friday the launch of the first batch of salaries of staff and service workers in the largest government hospital in the province.

"The first batch of staff salaries has been launched at the Baquba educational hospital, the largest hospital in Diyala, after months of interruption," Najat al-Taei, head of the committee, told Al-Ghad Press. "The first installment included two months' wages, and the remaining payments will be released soon," she said.

The Health Committee of the Diyala Council had earlier warned of a comprehensive migration of staff from the hospital in Baquba, as a result of delayed receipt of salaries. LINK

A deputy demands parliament hold a special session to vote on 23 laws

11:38 - 16/03/2018

MP on the alliance, "Fatah" electoral Amer Fayez, on Friday, the Presidency of the House of Representatives to call the parliament to a special session to vote on the equivalent of 23 laws ready to vote before the end of the life of the Council.

Al-Fayez said in a statement that the House of Representatives completed the first and second readings of 23 laws, while the Legal Committee completed all the legal and constitutional procedures for those laws and submitted them to the presidency of the Council to vote . He called on the Presidency of the House of Representatives to invite the Council to hold a special special session To vote on these laws. "

"The most important of these laws is the oil and gas law, the Olympic Committee law and other laws of public benefit," he said. LINK

Al Rashid announces the launch of the first batch of salaries via MasterCard

16th March, 2018

Al-Rasheed Bank announced on Friday the launch of the first batch of salaries through the MasterCard card, one of the electronic payment tools, pointing out that the card is drawn from inside and outside Iraq.

The bank's information office said in a statement obtained "Economy News" a copy of it, "Al-Rasheed Bank launched the first payment of salaries through the card MasterCard International Nakheel electronic payment tools."

The bank called on all departments and ministries to "speed up the settlement of salaries of their employees and obtain the card so that the bank can grant them advances and loans, noting that this card helps the citizen to save and protect him from trading counterfeit currency and damaged and retain salaries from thefts suffered during the transfer of salaries."

He added that "the card is drawn from inside and outside Iraq and the Bank recentlydistributed a number of ATMs in Baghdad and the provinces, knowing that the commission card (10) thousand dinars, three years." LINK

Walkingstick » March 16th, 2018

Thanks Samson.......F..... 3 comp per con.....

For the first time in Iraq .. The launch of salaries through the MasterCard card world

Al Rashid launches the first installment of salaries through MasterCard Worldwide

Briscom » March 16th, 2018

Ya know...this reads pretty 'international' to me. How about you? Boo-yah!!!

Walkingstick » March 16th, 2018

BR........ F .. per con

Parliamentary Finance: The budget entered into force and the President of the Republic has no authority to reject it Link

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