Away from Violence...an Overview of Iraq's Economy

[Psycho4Bud]

Three years after the fall of Saddam Hussein, the first signs of an economic recovery are looming on the horizon, despite the numerous predictions to the contrary. These measurements include the halving of the unemployment rate, from 60% in the summer of 2004 to 30% a year later; the stabilization of the value of the new Iraqi Dinar, which was introduced in October 2003; the halving of Iraqâ??s debts; the earmarking of considerable funds for the reconstruction of Iraq at the 2003 Madrid conference. Iraqis abroad have also increased their remittances to a total of $1.5 billion. Iraqis have also rushed to buy and acquire new technologies; more than a million cars have been bought in the last three years, in addition to thousands of satellite reception equipments, electrical equipments, mobile phones and computers. Until recently, Iraq was an oil-exporting country, with Saddamâ??s regime benefiting from the countryâ??s rich natural resources. However, the oil wealth was not reflected in the average earnings of Iraqis, which declined dramatically.

In the last three years, the Iraqi economy has witnessed a growth that is notable in the consumption capabilities of Iraqis as the salaries of public sector employees have increased and the old ruling cartels ceased to exist. According to a number of reports, the Iraqi economy is set to grow between 20% and 30 % annually owing to investments, reconstruction projects and private schemes.
http://aawsat.com/english/news.asp?section=3&id=4291

It's not all gloom and doom over there people. :thumbsup:

Psycho4Bud Reviewed by Psycho4Bud on 03-27-2006. Away from Violence...an Overview of Iraq's Economy Three years after the fall of Saddam Hussein, the first signs of an economic recovery are looming on the horizon, despite the numerous predictions to the contrary. These measurements include the halving of the unemployment rate, from 60% in the summer of 2004 to 30% a year later; the stabilization of the value of the new Iraqi Dinar, which was introduced in October 2003; the halving of Iraqâ??s debts; the earmarking of considerable funds for the reconstruction of Iraq at the 2003 Madrid Rating: 5

[eg420ne]

more good news from iraqnam-----

On Wednesday, armed insurgents burst into the classroom of Khidhir al-Mihallawi, an English teacher at Sajariyah High School, accused him of being an agent for the CIA and Israeli intelligence and beheaded him in front of his students, according to students, fellow instructors and a physician at a local hospital.

One teacher, who spoke on the condition that he not be named because he feared retaliation from insurgents, said that most students ran from the classroom but that some stayed to watch. Many stopped coming to school after the incident, he said. Another teacher, who said he moved his mathematics class to his home to accommodate frightened students, said Mihallawi had earlier been threatened because he worked as a translator for U.S. forces in Ramadi, a hotbed of the Sunni Arab insurgency.
http://www.washingtonpost.com/wp-dyn...032501003.html

[eg420ne]

Good news is no news---

Did American Marines murder 23 Iraqi civilians?
The US military deny accusations of massive over-reaction when attacked. But video evidence from one incident has led the official story to unravel. By Raymond Whitaker
The IoS understands, however, that local people have contradicted this account in almost every detail. According to their statements, the soldiers were not under fire when they approached the car. Rather than order the occupants to leave the vehicle and lie down, they simply dragged them out and shot them. While investigators seek to determine the truth of the incident, the military has admitted no weapons were found in the vehicle.
http://news.independent.co.uk/world/...icle353678.ece

Im telling you man you cant put humpty back together again

[Psycho4Bud]

Now there ya go again! I bring a ray of sunshine and you pull down the shades. Damn.....

Here's a little song I wrote
You might want to sing it note-for-note
Don't worry, be happy
In every life we have some trouble
But when you worry, you make it double
Don't worry, be happy Don't worry, be happy now:thumbsup:

[eg420ne]

Sorry man i dont see any good news from Iraq-just one big ass lie starting with 911-------

Khalaf, a 33-year-old security officer guarding oil pipelines, saw a US helicopter land near his home. American soldiers stormed out of the Chinook and advanced on a house owned by Khalafâ??s brother Fayez, firing as they went.

Khalaf ran from his own house and hid in a nearby grove of trees. He saw the soldiers enter his brotherâ??s home and then heard the sound of women and children screaming.

â??Then there was a lot of machinegun fire,â?� he said last week. After that there was the most frightening sound of all â?? silence, followed by explosions as the soldiers left the house
http://www.timesonline.co.uk/article...103695,00.html

[eg420ne]

My bad, i cannot resist

[Psycho4Bud]

Read the story and very disturbing. If it's found these soldiers did this they should and will be prosecuted.

[eg420ne]

WoW! Did you say that or was sum1 else on your PC j/k.....Yes, disturbing you say, I wonder if it happened like that, then who gave the order...or they are the few that hate it there....

[Psycho4Bud]

WoW! Did you say that or was sum1 else on your PC j/k.....Yes, disturbing you say, I wonder if it happened like that, then who gave the order...or they are the few that hate it there....

Or if it were insurgents and not women and children........:smokin: