$2billion

It Could, But it Probably Won't

I love how every news story I read about the JPMorgan $2 Billion dollar loss notes that it could lead to renewed momentum for stricter federal oversight of financial firms, or it could diminish Jamie Dimon’s anti-regulation influence, or it could raise difficult questions about Wall Street risk-management practices.

It could, sure, but it probably won’t.

LNP DIVERSION BASED ON $2BILLION A YEAR LOST REVENUE

LNP DIVERSION BASED ON $2BILLION A YEAR LOST REVENUE

Shadow Treasurer Curtis Pitt says the LNP now wants to use $3.4 billion in proceeds from asset sales to divert attention from its 2012 broken promise to cut power bills.

“At the same time as it exhausts the reported $3.4 billion subsidy fund, the LNP will wave goodbye forever to annual income of $2 billion from the assets it has earmarked for sale,” Mr Pitt said.

“The Opposition will need to…

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LNP DIVERSION BASED ON $2BILLION A YEAR LOST REVENUE

LNP DIVERSION BASED ON $2BILLION A YEAR LOST REVENUE

Shadow Treasurer Curtis Pitt says the LNP now wants to use $3.4 billion in proceeds from asset sales to divert attention from its 2012 broken promise to cut power bills.

“At the same time as it exhausts the reported $3.4 billion subsidy fund, the LNP will wave goodbye forever to annual income of $2 billion from the assets it has earmarked for sale,” Mr Pitt said.

“The Opposition will need to…

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dailymail.co.uk
The richest woman in Venezuela is Hugo Chavez's daughter
Maria Gabriela Chavez, 35, the late president's second-oldest daughter, holds assets in American and Andorran banks totaling almost $4.2billion, Diario las Americas reports.
  • Diario las Americas claims that Maria Gabriela Chavez, 35, has $4.2billion in assets held in American and Andorran banks
  • Hugo Chavez famously declared ‘being rich is bad’ and during his lifetime railed against the wealthy for being lazy and gluttonous 
  • Efforts to determine Chavez’s wealth have been made before, without much luck

Only the well connected communists will avoid having to toil in the fields.

ISIS– Largest, Richest $2Billion Terror-Based Enterprise: Financial Sophistication Rivaling Wall Street

New Post has been published on http://www.newsnish.com/international/isis-largest-richest-2billion-terror-based-enterprise-financial-sophistication-rivaling-wall-street/

ISIS– Largest, Richest $2Billion Terror-Based Enterprise: Financial Sophistication Rivaling Wall Street

SIS (Islamic State of Iraq and the Levant ) is the world’s largest, richest terrorist organizations, ever. It’s a self-sustaining enterprise that runs mainly on extortion and crime networks, hostages, oil, donations… According to Martin Chulov; ISIS has grown from a ragtag band of extremists to perhaps the most cash-rich and capable terror group in the world with a $2 billion jihadist network.

The scale of ISIS resources is unprecedented: A terrorist organization while ruthless, but still able to occupy large areas of territory, quickly… for example; it controls several major cities in Iraq, which it occupied in just three days, it holds parts of several other cities and continues to menace still other cities throughout Iraq and Syria: It’s quite an accomplishment…

According to Michael Knights; some estimates of ISIS’s wealth are overstated, for example; the $2 billion estimate that’s been floating around is too high, but that’s not to say ISIS isn’t raking in a fair amount of cash– between $2 million and $4 million per day… ISIS is a wealthy terrorist movement or better yet an effective financial enterprise, which it run very much like a large-scale Mafia type protection rackets business across much of Iraq.

This group has fashioned a small army out of a mix of foreign and local fighters, established oil refining and trafficking operations, and even collects taxes…. Despite longstanding rumors that ISIS has foreign patrons in Gulf States such as; Saudi Arabia, Kuwait and Qatar, there is little evidence that it ever depended on foreign largess… While there may be some foreign money flowing to ISIS, stopping these transnational flows will not stymie the group.

Whatever its international influences, ISIS raises most of its money from the territories it feeds off of, making the problem of beating back the group exceedingly difficult… According to Howard J. Shatz; ISIS raises much of its money just as a well-organized criminal gang would: It smuggles, it extorts, it skims, it fences, it kidnaps and it shakes down. Although supposedly religiously inspired, its actions are more like those of an organized criminal cult… To quote a U.S. mobster; you don’t get ahead just by being thugs but at some point you must also learn to be a racketeer as well…

ISIS’ most important revenue source is the smuggling of oil from the oil fields it controls in Syria and Iraq. It has been reported to control about a dozen oil fields along with several refineries. Estimates of revenue vary, but a range of $1 million to more than $2 million a day is reasonable… ISIS is a formidable fund-raiser.

To its disadvantage, the group is also a formidable spender. It pays regular salaries to members based on family size and even has promised to maintain those payments if the member is killed or captured… It also pays rent for some members and medical expenses, maintains safe-houses and buys weapons and other equipment. As cash-based organization, it also has to guard against internal corruption, which is documented in the group’s own records… Historically, ISIS’ main outside revenue has come in small donations from local and foreign supporters… And while donations from the Gulf countries may have been welcome additions, neutralizing donations from wealthy Gulf sources will have little effect on their activities…

In the article Who finances ISIS? by Andreas Becker writes: ISIS is recognized as the richest terrorist organization in the world, ever… Iraqi officials estimate that the group now has about $2 billion in its war chest. What remains controversial is where bulk of its money comes from… Iraq’s Shiite-dominated government accuses Saudi Arabia of supporting the ISIS jihadis… According to Charles Lister; there is no publicly accessible proof that governments of any state has been involved in the creation or financing of ISIS as an organisation… Others take a different view.

According to Günter Meyer; the most important source of ISIS financing to date has been support coming out of the Gulf states, primarily Saudi Arabia but also Qatar, Kuwait and United Arab Emirates… Additional key financing sources are the oil fields of northern Syria: ISIS was able to get the oil fields under their control, where they use trucks to bring oil across the border into Turkey– oil is an important source of funding for them.

Source : Abcnews.go

Banking consortium offers $1.2bn offer to finance 3 Egyptian power plants

A banking consortium has made an offer worth 10 Egyptian pounds (US$1.2billion) for the Egyptian Electricity Holding Company to fund three power plants, a source with knowledge of the matter said Thursday.

The three power plants are located in Beni Suef Governorate, Burullus area in Kafr el-Sheikh Governorate, and the new administrative capital, the source told Amwal Al Ghad.

The consortium encompasses nine banks: National Bank of Egypt (NBE), Banque Misr (BM), Commercial International Bank (CIB), QNB Alahli, Arab African International Bank (AAIB), Bank Audi Egypt, AlexBank, Egyptian Gulf Bank (EGBE), Ahli United Bank.

As pursuant to the agreement, the source said the Egyptian Electricity Holding would be given a three-year grace period and the loan would be paid back over 15 years.http://dlvr.it/BzYQXP

Total assets of Ghana micro-finance sector reaches GH¢1.2billion 

 
Total assets of the micro-finance sector reached GH¢1,290.1 million as at June 2015, representing about 1.7 percent of the total assets for the banking industry.

Loans and advances were GH¢587 million, representing 45.5 percent, which were deployed to various sectors of the economy while GH¢99.3 million was invested in government securities, representing 7.7 percent.

The micro-finance…

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I wanna be loved faithful and true. I wanna be loved 2billion lifetimes with you. N after all I’ve been through I let my heart take its chances to be loved by you!!!!

Zimbabwe targets $2billion from Diaspora

Zimbabwe targets $2billion from Diaspora

By Ndakaziva Majaka

Zimbabwe is targeting $2 billion in Diaspora remittances into the national payment system by year end according to the central bank Diaspora remittances subsidiary, Homelink (Pvt) Ltd (Homelink) board chairman, Morris Mpofu.

Minister Without Finance: Patrick Chinamasa

Speaking at a Homelink strategic business unit (SBU) housing project launch in the capital yesterday, Mpofu…

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Greek PM Alexis Tsipras to resign today and call a snap election in September | Daily Mail Online

Greek PM Alexis Tsipras to resign today and call a snap election in September | Daily Mail Online

More confusion and uncertainty. Not only for Greece, but also Europe.

http://www.dailymail.co.uk/news/article-3204494/Greece-makes-3-2billion-debt-repayment-using-new-bailout-funds-minister-calls-snap-elections-rebels-rob-Tsipras-parliamentary-majority.html

William W. Lee

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