"home sales plunged across southern California this July"
"According to research firm CoreLogic DataQuick, buyers scooped up 20,369 new and resale houses and condos in the six-county region last month, down 12.4% from a year earlier. Similarly, home sales last month were 19.4% below the 26-year average for July."
Original link to statement by Russia central bank
[translation]:
First Deputy Chairman of the Central Bank of the Russian Federation KV Yudaeva and Executive Director of the Reserve Bank of India G. Padmanabhan at the twentieth meeting of the Subgroup on banking and financial issues of the Russian-Indian intergovernmental commission on trade-economic, scientific-technical and cultural cooperation discussed the current state and prospects of cooperation between banks
The meeting was attended by representatives of central banks, ministries and agencies, credit organizations in Russia and India.
During the meeting dealt with the problems faced by the branches and subsidiaries of banks in the two countries and ways of addressing these problems.
As a priority area discussed the use of national currencies in mutual settlements. Given the urgency of the issue and the interest of commercial structures of the two countries, the meeting decided to establish a working group to develop a mechanism for the use of national currencies in mutual settlements. It will consist of representatives of banks and, if necessary, the ministries and departments of the two countries to coordinate its activities will be central banks of Russia and India.
Espirito Santo woes spill over to Angolan banking unit
"Investors are watching potential liabilities at BES's 12-year-old Angolan unit as a fault line in an escalating affair that has already roiled global markets and forced Portugal’s biggest telecoms firm to reduce its role in a planned merger with a Brazilian rival."
NOTICE: I am not able to paste quotes from linked articles, and only able to post links and type by hand information about the story. Has anyone else had this problem in blogspot?
Regards,
Goedeck
LINK
China creating a clearing bank for yuan-denominated transactions.
"All the Sunni tribes have come out against Maliki"
Comment by Ben JonesBen Jones
2014-06-23 07:19:01
‘Whilst the instability in Iraq has connections to the Syrian conflict next door, and many individuals who fought for Isis in Syria are now present in Iraq, the Iraqi insurgency is more acutely focused on solving the problems of Iraq’s fractured polity than it is the goals of more radical Islamic groups.’
‘In a recent interview with the Daily Telegraph, member of the Batta tribe and leader of the Islamic Army of Iraq Sheikh Ahmad al Dabash stated: “All the Sunni tribes have come out against (Iraqi Prime Minister Nouri) Maliki.’
“There are parts of the military, Baathists from the time of Saddam Hussein, clerics, everyone (who) came out for the oppression that we have been suffering,” he added.’
‘To dismiss what is happening in Iraq as the product of the maniacal whims of a few radical fanatics is to ignore the very real social inequality that exists in Iraq.
Travelling around the country in recent days, I have been shocked at the levels of deprivation that some of Iraq’s citizens have endured.’
‘The grouping of fighters that has swept through Iraq to within 60km (40 miles) of the capital is not a nihilistic jihadist group hell bent on the establishment of an Islamic caliphate.’
‘It is a more general uprising by large groupings of disaffected communities throughout north-western Iraq and a product of years of social exclusion, poor governance and corruption by the Iraqi government.’
http://www.bbc.com/news/world-middle-east-27945954
So why is the media hellbent on portraying this as one small group?
