#AceFinanceNews #crisis #UnitedNations

New York, Sep 25 2013 10:00AM
The situation in Zamboanga City in the southern Philippines is now a humanitarian crisis, as tens of thousands of people remain forcibly displaced, the United Nations said today, calling for support to the victims of the recent wave of violence in the country.

“We are increasingly alarmed by the situation and the growing needs of people caught up with violence,” said the UN Resident and Humanitarian Coordinator in the Philippines, Luiza Carvalho. “We are particularly concerned for the most vulnerable, especially the well-being of women and children.”

Earlier this month, armed clashes erupted between Government forces and non-State actors in Zamboanga City. Some 132 people have died as a result of the standoff and the UN Office for the Coordination of Humanitarian Affairs (OCHA) estimates that some 158,000 people have been affected by the violence and more than 10,000 homes have been destroyed. In addition, over 109,000 people are now displaced in Zamboanga City and nearly 19,000 are displaced in the Basilan province.

Ms. Carvalho expressed concern over the plight of those displaced, many of whom are struggling to survive. Some 70,000 people are currently staying in the main sports complex in Zamboanga City in overcrowded conditions and insufficient sanitation facilities. OCHA warned there is a real risk of a disease outbreak and an urgent need for food, drinking water, health services, cooking utensils, tents and other necessities.

“We are particularly concerned that aid is delivered in an impartial manner, with the needs of the most vulnerable met and those outside the evacuation centres not forgotten,” Ms. Carvalho said.

“We expect that all humanitarian workers providing support to the victims of violence are protected and respected, and their safety is ensured by all actors.”

She also reiterated OCHA’s commitment to the humanitarian response as well as its support for Government efforts to respond and provide assistance to civilians.
Sep 25 2013 10:00AM
For more details go to UN News Centre at

Iraq Finance Committee demands CBI print small classes of new currency; CBI to print new, small categories in near future

Changes in currency will herald a new beginning for Iraq or will it just lead further into problems, of rich or poor! #AceFinanceNews

The Currency Newshound

Screen Shot 2012-09-20 at 9.26.27 AMFinancial representative demanding the Central Bank printed new currency with small groups to create a balance in the market

Baghdad/file News: the parliamentary Finance Committee, demanded on Tuesday, the Central Bank printed new currency with small groups to create a balance of the quantity in the Iraqi market.

Committee member, said Haitham Al-jubouri said in an interview with the news agency “that” the Commission recorded a shortfall of some categories of Iraqi currency particularly small groups owing to rapid circulation and damage between citizens “.

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Shahien Nasiripour – Elizabeth Ritter Under Consideration To Head CFTC, Replacing Gary Gensler


Hi, AceNewsServices.

Shahien Nasiripour wrote a new post Elizabeth Ritter Under Consideration To Head CFTC, Replacing Gary Gensler

Shahien Nasiripour 09/18/13

The White House is considering Elizabeth Ritter, a longtime lawyer at the Commodity Futures Trading Commission, to replace Gary Gensler as the chief U.S. derivatives regulator, government employees…

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Arthur Delaney – House Votes To Cut Food Stamps By $40 Billion

#AceDebtNews #ArthurDelaney

Hi, AceNewsServices.

Arthur Delaney wrote a new post House Votes To Cut Food Stamps By $40 Billion

Arthur Delaney 09/19/13

WASHINGTON — The House of Representatives on Thursday approved sweeping reforms to the nation’s food stamp program that would cut some $40 billion in nutrition aid over 10 years and deny benefits…

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EU Negotiator’s First Steps To Bank Supervision

Under the deal, if the board of the ECB decides to reject a decision by the new supervisor, the parliament chief and the head of the relevant parliamentary committee will have to be informed in confidence.

The head of the bank supervisor will be appointed by member states and the European Parliament and they will both have the power to recall that person from the job.

#acefinancenews, #banks, #ecb, #european-parliament

Serving Americ’a War Machine

MustRead this article it is excellent courtesy of EuroNews and one of their blogger’s! Really to me highlights the way that America has proliferated war for profit and their economy!

Small Extract: SDA’s abhorrence of non-conventional weapons may be selective. A report that it has published on “cyber-security” relied considerably on the “wisdom” dispensed by Yitzhak Ben-Israel, a former head of research with the Israeli military. The report did not mention that Ben-Israel has indicated that he provided advice on how that military could use a hideous weapon called DIME (Dense Inert Metal Explosive).

#acefinancenews, #davidcronin, #peace, #euronews, #war, #weapons

Jason Linkins – Ted Cruz vs. The Universe


Hi, AceNewsServices.

Jason Linkins wrote a new post Ted Cruz vs. The Universe

Jason Linkins 09/20/13

While most of the week has been spent watching House Republicans decide precisely what to do about defunding Obamacare, and how much energy they’ll pointlessly expend in this going-nowhere act this…

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Statement Regarding Overnight Fixed-Rate Reverse Repurchase Agreement Operational Exercise

As noted in the October 19, 2009, Statement Regarding Reverse Repurchase Agreements, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York (New York Fed) has been working internally and with market participants on operational aspects of tri-party reverse repurchase agreements (RRPs) to ensure that this tool will be ready to support the monetary policy objectives of the Federal Open Market Committee (Committee). RRPs are a tool that can be used for managing money market interest rates, and are expected to provide the Federal Reserve with greater control over short-term rates.

#acefinancenews, #federal-open-market-committee, #federal-reserve-system, #monetary, #rrps

BREAKING NEWS JP Morgan makes $920m London Whale payout to regulators

#AceDebtNews a bank brought to book for doing wrong is rare, but could the time becoming when every banker has to pay the piper, from his own funds, rather than his clients!


Are the tides turning? A Bank being held to task? Perhaps this is ‘Battle of the Banks’ where the illuminati fight over which one is going to run the forthcoming world.


US bank JP Morgan Chase has agreed to pay four regulators $920m (£572m) relating to a $6.2bn loss incurred as a result of the “London Whale” trades.

Under the settlement, $200m will go to the US Securities and Exchange Commission (SEC) and £138m to the UK’s Financial Conduct Authority (FCA).

As part of the deal JP Morgan admitted violating US federal securities laws.

Traders at JP Morgan’s London office built up huge losses in derivatives trades at the beginning of last year.

Two former JP Morgan traders face criminal charges in the US relating to the case.

They deny charges of lying about the size of their trades in order to hide their mounting losses.

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Obama asks leaders to push Congress to raise debt limit

#AceDebtNews in debt need more just ask and we will mint you more! Problems only occur when you continue to use the debt book as security and eventually debt becomes greater by 12 times the GDP!
Then the tip-over point is reached and what ever you do, cannot be rectified as to borrow more, tips you further over, to raise interest rates reduces spending and thus GDP falls!
This is the point l call the point of no return!!! Now everyone is looking to see whether the US has reached 12 times its debt book, remember you can only work this out, when you know the truth! #look4signs