• "No nation on this globe should be more internationally minded than America because it was built by all nations.”

    - Harry Truman
    "No nation on this globe should be more internationally minded than America because it was built by all nations.”

    - Harry Truman
    Like
    5
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  • Braai
    .
    This is for our international followers
    .
    "A braai is South Africa's answer to a barbecue, but it's so much more than that. It's a special South African feast that can last for hours, and there are plenty of rules and etiquette around a classic braai. The most important part of a braai is the fire."
    - google
    .
    What's your go-to braai meal? Can you spot ours?
    .
    .
    #braai #fire #bbqlovers #overlanding #lifeisgood #southafrican #toyota #landcruiser #adventureculture
    Braai
    .
    This is for our international followers
    .
    "A braai is South Africa's answer to a barbecue, but it's so much more than that. It's a special South African feast that can last for hours, and there are plenty of rules and etiquette around a classic braai. The most important part of a braai is the fire."
    - google
    .
    What's your go-to braai meal? Can you spot ours?
    .
    .
    #braai #fire #bbqlovers #overlanding #lifeisgood #southafrican #toyota #landcruiser #adventureculture
    Like
    12
    $0.49
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  • China and Russia are speeding up their “cutting-edge” payment infrastructure technology to settle international trade with the new BRICS currency.
    https://watcher.guru/news/brics-russia-china-payment-infrastructure-for-currency-settlements
    China and Russia are speeding up their “cutting-edge” payment infrastructure technology to settle international trade with the new BRICS currency.
    https://watcher.guru/news/brics-russia-china-payment-infrastructure-for-currency-settlements
    WATCHER.GURU
    BRICS: Russia & China Speed Up Payment Infrastructure for Currency Settlements
    BRICS: Russia and China ramp up the payment infrastructure technology to settle international currency settlements.
    Like
    0
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  • ![pexels-alesia-kozik-6781365-Bitcoin.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wBeH4GwsnhXoPvyad5qLhKXPH7zarahri2Rg2TrGSh8dF4bZw51zjC1zB7134ZT5o55.jpg)
    [Photo Credit](https://www.pexels.com/photo/a-person-holding-a-coin-6781365/)
    gmfrens everyone!
    Let me suspend for a while my supposed-to-be second article on The Way to Financial Freedom Part 2 and give way to crypto and economics-related content. I decided to do it this way to submit an entry either to the Economics Writer Quest or in the Crypto Writer Quest or to which is more suitable as part of the Zealy campaign. To achieve this, I revisited the articles I published in June of 2022 about the Eurodollar market. In this post, I want to refresh myself on the insights I gleaned from the first chapter of the book, Eurodollars and International Banking, edited by Paolo Savona and George Sutija. Moreover, after giving an overview, I also intend to reintroduce some lessons relevant to the crypto space.
    To accomplish the above goal, let me share first what @taskmaster4450 keeps saying about the relationship between the Eurodollar market and cryptocurrency. In fact, outside of Hive and the Leofinance community, I never heard of the Eurodollar market. It was my first time, hearing about the subject as I entered the crypto space in July of 2021. He keeps reminding us that for us to understand the character of cryptocurrency, we should first understand the Eurodollar market that provided its very backdrop.
    At the outset, what I found fascinating is that I received a confirmation from the so-called authority figures in international banking that indeed the operation of Eurocurrencies is “outside the jurisdictions of national governments.” This is an insight that I never stumbled upon reading books on economics, of course except the current one under study.
    Another startling discovery is the admission that the Eurodollar market is not a separate “banking system,” but an extension of the banking systems of major countries. Hence, the name “international banking” and “offshore banking” have been used to describe this market.
    As such, the Eurodollar market plays a significant role in international finance due to the financial innovations it created and its impact “on domestic banking systems, on domestic monetary policies, . . . on inflation, interest rates and the distribution of credit” (p. 43).
    Now, how did the Eurodollar market originate?
    The birth of the Eurodollar market was associated with a certain “Dregasovitch” (p. 27) and its earlier names were diverse such as “Embark dollars,” “Continental dollars,” or simply “foreign market dollars” (ibid.). The first transaction happened in 1957 when Moscow Narodny Bank issued an $800,000 loan through a London commercial bank (ibid.). As such, in that year, “a new and original, international money market in short-term dollars and other currencies emerged in London” (p. 28).
    A few of the unique features of the Eurodollar market include interbank huge transactions, basically unregulated, and “receives funds from everywhere to make loans to everywhere” (p.32). The clients involved in the market are commercial banks, central banks, transnational corporations, and some very wealthy individuals. Reserve requirements are not strictly implemented, which logically results in the expansion of loans. Transactions are secret and taxes are lax.
    For Rene P. Higonnet, the presenter of the first paper, the above qualities spell huge problems. He identified the Eurodollar market as primarily responsible for the existing crisis in international finance due to the absence of accurate information, easing of strict banking practices, impulsive and unsound banking policies, and evasion of responsibility on the part of central banks.
    To address the problems caused by the Eurodollar system, the proposal is to come up with a stricter form of regulation and supervision of Euro banks. Such a proposal entails better accounting practices, regulation of foreign lending, and supervision of all offshore banking centers. The responsibility to implement such a proposal will fall into the hands of an international committee of wise men selected from central bankers, commercial bankers, and economists (p. 43).
    And so that’s the overview of the article I published in June of 2022.
    Let us now turn to the lessons we can learn based on the foregoing information that is relevant to the crypto space, and I just want to mention three:
    First, we learn from reading such a brief background of the Eurodollar market that it is indeed outside of national jurisdiction and unregulated. Cryptocurrency is simply following such a path. The identified characteristics are shared by both the Eurodollar market and cryptocurrency.
    Currently, we now see nations that are pro-crypto and nations that are anti-crypto. The main issue is regulation.
    As the record shows, national governments failed in implementing this task to regulate the Eurodollar market for 65 years. Will they be successful this time in regulating cryptocurrency? What do you think?
    As far as authorities on international finance are concerned, what we know is that the pro-regulation group is in the minority, at least as far as the Eurodollar market is concerned.
    The second insight has something to do with the importance of the Eurodollar market in international finance. Many of the features found in the Eurodollar market can also be seen in cryptocurrency. In the current status of the latter, we admit that in terms of size, the crypto market is still very small compared to other financial markets. Nevertheless, in the area of innovation and distribution, I think cryptocurrency deserves credit. As to its long-term influence on both national and international banking, monetary policies, and inflation, we still have to wait and see.
    Last but not least is the difference and resemblance between the two regarding stability and volatility respecting fiat currency. Even advocates of cryptocurrency are divided concerning this issue. Some think that the explosive growth happening in cryptocurrency is a threat to destabilizing the world of legacy finance. Others opine that such growth is insignificant due to the gigantic size of traditional finance. From my perspective, I see it as a threat and that’s why the regulation voice is getting louder but I firmly believe that from a long-term standpoint, cryptocurrency will introduce abundance into the global economy. The only difference is that it will no longer be exclusionary just as what we have right now.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    ![pexels-alesia-kozik-6781365-Bitcoin.jpg](https://files.peakd.com/file/peakd-hive/rzc24-nftbbg/23wBeH4GwsnhXoPvyad5qLhKXPH7zarahri2Rg2TrGSh8dF4bZw51zjC1zB7134ZT5o55.jpg)
    [Photo Credit](https://www.pexels.com/photo/a-person-holding-a-coin-6781365/)
    gmfrens everyone!
    Let me suspend for a while my supposed-to-be second article on The Way to Financial Freedom Part 2 and give way to crypto and economics-related content. I decided to do it this way to submit an entry either to the Economics Writer Quest or in the Crypto Writer Quest or to which is more suitable as part of the Zealy campaign. To achieve this, I revisited the articles I published in June of 2022 about the Eurodollar market. In this post, I want to refresh myself on the insights I gleaned from the first chapter of the book, Eurodollars and International Banking, edited by Paolo Savona and George Sutija. Moreover, after giving an overview, I also intend to reintroduce some lessons relevant to the crypto space.
    To accomplish the above goal, let me share first what @taskmaster4450 keeps saying about the relationship between the Eurodollar market and cryptocurrency. In fact, outside of Hive and the Leofinance community, I never heard of the Eurodollar market. It was my first time, hearing about the subject as I entered the crypto space in July of 2021. He keeps reminding us that for us to understand the character of cryptocurrency, we should first understand the Eurodollar market that provided its very backdrop.
    At the outset, what I found fascinating is that I received a confirmation from the so-called authority figures in international banking that indeed the operation of Eurocurrencies is “outside the jurisdictions of national governments.” This is an insight that I never stumbled upon reading books on economics, of course except the current one under study.
    Another startling discovery is the admission that the Eurodollar market is not a separate “banking system,” but an extension of the banking systems of major countries. Hence, the name “international banking” and “offshore banking” have been used to describe this market.
    As such, the Eurodollar market plays a significant role in international finance due to the financial innovations it created and its impact “on domestic banking systems, on domestic monetary policies, . . . on inflation, interest rates and the distribution of credit” (p. 43).
    Now, how did the Eurodollar market originate?
    The birth of the Eurodollar market was associated with a certain “Dregasovitch” (p. 27) and its earlier names were diverse such as “Embark dollars,” “Continental dollars,” or simply “foreign market dollars” (ibid.). The first transaction happened in 1957 when Moscow Narodny Bank issued an $800,000 loan through a London commercial bank (ibid.). As such, in that year, “a new and original, international money market in short-term dollars and other currencies emerged in London” (p. 28).
    A few of the unique features of the Eurodollar market include interbank huge transactions, basically unregulated, and “receives funds from everywhere to make loans to everywhere” (p.32). The clients involved in the market are commercial banks, central banks, transnational corporations, and some very wealthy individuals. Reserve requirements are not strictly implemented, which logically results in the expansion of loans. Transactions are secret and taxes are lax.
    For Rene P. Higonnet, the presenter of the first paper, the above qualities spell huge problems. He identified the Eurodollar market as primarily responsible for the existing crisis in international finance due to the absence of accurate information, easing of strict banking practices, impulsive and unsound banking policies, and evasion of responsibility on the part of central banks.
    To address the problems caused by the Eurodollar system, the proposal is to come up with a stricter form of regulation and supervision of Euro banks. Such a proposal entails better accounting practices, regulation of foreign lending, and supervision of all offshore banking centers. The responsibility to implement such a proposal will fall into the hands of an international committee of wise men selected from central bankers, commercial bankers, and economists (p. 43).
    And so that’s the overview of the article I published in June of 2022.
    Let us now turn to the lessons we can learn based on the foregoing information that is relevant to the crypto space, and I just want to mention three:
    First, we learn from reading such a brief background of the Eurodollar market that it is indeed outside of national jurisdiction and unregulated. Cryptocurrency is simply following such a path. The identified characteristics are shared by both the Eurodollar market and cryptocurrency.
    Currently, we now see nations that are pro-crypto and nations that are anti-crypto. The main issue is regulation.
    As the record shows, national governments failed in implementing this task to regulate the Eurodollar market for 65 years. Will they be successful this time in regulating cryptocurrency? What do you think?
    As far as authorities on international finance are concerned, what we know is that the pro-regulation group is in the minority, at least as far as the Eurodollar market is concerned.
    The second insight has something to do with the importance of the Eurodollar market in international finance. Many of the features found in the Eurodollar market can also be seen in cryptocurrency. In the current status of the latter, we admit that in terms of size, the crypto market is still very small compared to other financial markets. Nevertheless, in the area of innovation and distribution, I think cryptocurrency deserves credit. As to its long-term influence on both national and international banking, monetary policies, and inflation, we still have to wait and see.
    Last but not least is the difference and resemblance between the two regarding stability and volatility respecting fiat currency. Even advocates of cryptocurrency are divided concerning this issue. Some think that the explosive growth happening in cryptocurrency is a threat to destabilizing the world of legacy finance. Others opine that such growth is insignificant due to the gigantic size of traditional finance. From my perspective, I see it as a threat and that’s why the regulation voice is getting louder but I firmly believe that from a long-term standpoint, cryptocurrency will introduce abundance into the global economy. The only difference is that it will no longer be exclusionary just as what we have right now.
    Grace and peace!
    What is LeoFinance?
    What is Hive?
    Like
    3
    $7.19
    0 0 624
  • We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema,
    President of the Republic of Zambia.
    We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema,
    President of the Republic of Zambia.
    Like
    4
    $0.02
    0 0 320
  • After conducting various meetings in London last week, we had productive follow-up discussions with U.K International Development Minister, Rt. Hon. Andrew Mitchell MP, here in Lusaka today, regarding investment opportunities for the mutual benefit of our two countries.

    Our government is committed to promoting economic development in order to attract increased foreign investment, which in turn, will generate employment opportunities for our citizens.

    Hakainde Hichilema,
    President of the Republic of Zambia
    After conducting various meetings in London last week, we had productive follow-up discussions with U.K International Development Minister, Rt. Hon. Andrew Mitchell MP, here in Lusaka today, regarding investment opportunities for the mutual benefit of our two countries.

    Our government is committed to promoting economic development in order to attract increased foreign investment, which in turn, will generate employment opportunities for our citizens.

    Hakainde Hichilema,
    President of the Republic of Zambia
    Like
    3
    $0.00
    0 0 145
  • Following are Prime Minister Benjamin Netanyahu's remarks at the start of the festive Cabinet today, which was held in the Western Wall Tunnels, in honor of Jerusalem, and at which several decisions were made to develop and strengthen the city:

    "Several days ago, Abu Mazen told the UN that the Jewish People have no links to the Temple Mount and that eastern Jerusalem is part of the Palestinian Authority. Therefore, and to get his attention, today we are holding a special Cabinet meeting in honor of Jerusalem Day at the foot of the Temple Mount upon which King Solomon built the First Temple of the Jewish People, and which is – again to get Abu Mazen's attention – the heart of the historical State of Israel, the City of David, and has been here for 3,000 years.

    The deep ties between the Jewish People and Jerusalem is one that has no parallel among the nations. Jerusalem was our capital around 1,100 years before London became the capital of England, approximately 1,800 years before Paris became the capital of France and around 2,800 years before Washington DC became the capital of the US. For over 100 generations, Jews expressed their special yearning for Jerusalem in prayers that are repeated three times a day and under the wedding canopy.

    Fifty-six years ago, in the Six Day War, we unified Jerusalem. But I must say that the fight for its unity has not ended. Time and again, my friends and I have been forced to repel international pressure on the part of those who would divide Jerusalem again, and by prime ministers of Israel who were prepared to give in to those pressures, and were even prepared to concede the Jewish People's holiest places.

    We have acted differently. Not only have we not divided Jerusalem, we have built and expanded it. I am proud to have had the great privilege of building new neighborhoods in Jerusalem, such as Har Homa, Givat Hamatos and Maaleh Hazeitim, in which tens of thousands of Israelis live. We did all this together in the face of great international pressure. We stood against these pressures.

    I am proud that the governments we have headed have led great expansion and development in all parts of the city, western and eastern, on behalf of its residents. I am proud that we have brought about American recognition of Jerusalem as the capital of Israel and the transfer of the US and other embassies to the capital – and our hand is still extended.

    I promise you that more embassies will be transferred to Jerusalem and it will not take a very long time. But the work is not over and the challenge is yet before us. There are still those who want to divide Jerusalem and they say so openly. There are those who proclaim their loyalty to the united Jerusalem but are not really prepared to fight for it at the moment of truth. Only the national camp led by us will safeguard a strong and united Jerusalem, just as we are safeguarding our security and national pride.

    And therefore, on behalf of our security, our future and the unity of Jerusalem, we must continue to maintain our government, that of the national camp. You all see the difference.

    Just one year ago, here in the heart of Jerusalem, we saw a disgraceful scene. Two Jewish youths hastened to take Israeli flags off their car. They had stopped at a traffic light and there was concern that a procession of Palestinians, that was protesting opposite them and waving PLO flags in the heart of Jerusalem, could injure them, like many others; we were also outraged by this.

    We promised to restore our national honor – and I am keeping our promise. We did this last week with the flag march which wound its way proudly through the streets of our capital, and in Operation Shield and Arrow, which changed the equation with Islamic Jihad.

    Of course, in order to continue maintaining our national government, we must pass the state budget. You know that I have a little experience in this matter, having passed almost 20 state budgets, and I can tell you that there are always last minute arguments. I believe that we will overcome them and pass the budget.

    We will pass a responsible budget one of the goals of which is to equalize conditions between a haredi child to those of a secular child. Haredi children do not need to receive less than secular or religious children because a haredi child is not half a child. No Jew needs to hear the antisemitic incitement on the television channels, or see shameful caricatures in the biased media, which copy the anti-Semitic propaganda that our people has known in its darker periods. The fact is that under our government we have succeeded in integrating the Haredi sector in the labor market more than all other governments – and this we will continue to do.

    This government was elected to serve out its days; therefore, I am certain that in the coming days we will bridge all of the gaps and continue to work together on behalf of all citizens of Israel, and Jerusalem.

    Indeed, today the government will approve budgets for the development of the Old City and the strengthening of all of Jerusalem. We will upgrade infrastructure in the Western Wall plaza and we will improve transportation services. I have specially requested that attention be given to completing the ring road (the eastern ring road and the northern American highway), this will be major news as the great transportation news that we have brought, great news in Jerusalem and not just in Jerusalem. We will expand educational activity for children, soldiers and students and we will encourage visits to the amazing Western Wall where are now meeting.

    These decisions join what we have already done on behalf of our capital. Several years ago, we initiated and began the excavation of the wonderful Har Nof tunnels and today tens of thousands of drivers use them daily. At the same time, we are extending the light rail in the city from Gilo in the south to Ramot in the north.

    The quarter at the entrance to the city is being built. We all pass by it daily and see it progressing. This will give a major push to commerce, employment, housing, culture and recreation. I note that hundreds of high-tech companies are already active in Jerusalem, and we are moving forward with new initiatives to build housing.

    In the coming years, we will also advance an innovative enterprise – the cable car to the Western Wall, which will allow for easier access to the area of the Western Wall and the City of David. I am certain that riding on it will be a unique and special experience for both Israelis and overseas tourists. As a Jerusalemite from the age of two days, because I was born in Tel Aviv and arrived in Jerusalem at the age of two days, I remember Jerusalem and it is changing daily. It has wonderful things that do not change but there are also great and powerful changes that are bursting with momentum, imagination and hope.

    I would like to thank all government ministers for joining in to benefit Jerusalem, but especially Jerusalem Affairs Minister Meir Porush, Finance Minister Bezalel Smotrich, Mayor Moshe Lion, who is continuing the energetic work of his predecessor, Minister Nir Barkat

    In contrast to what Abu Mazen said several days ago, we were here thousands of years ago and will still be here thousands of years from now.

    A Happy Shavuot to the people of Israel, a happy festival to Jerusalem, the eternal united capital of the State of Israel."

    Jerusalem Mayor Moshe Lion and Western Wall Rabbi Shmuel Rabinowitz attended today's Cabinet meeting.

    Photos: GPO
    Following are Prime Minister Benjamin Netanyahu's remarks at the start of the festive Cabinet today, which was held in the Western Wall Tunnels, in honor of Jerusalem, and at which several decisions were made to develop and strengthen the city:

    "Several days ago, Abu Mazen told the UN that the Jewish People have no links to the Temple Mount and that eastern Jerusalem is part of the Palestinian Authority. Therefore, and to get his attention, today we are holding a special Cabinet meeting in honor of Jerusalem Day at the foot of the Temple Mount upon which King Solomon built the First Temple of the Jewish People, and which is – again to get Abu Mazen's attention – the heart of the historical State of Israel, the City of David, and has been here for 3,000 years.

    The deep ties between the Jewish People and Jerusalem is one that has no parallel among the nations. Jerusalem was our capital around 1,100 years before London became the capital of England, approximately 1,800 years before Paris became the capital of France and around 2,800 years before Washington DC became the capital of the US. For over 100 generations, Jews expressed their special yearning for Jerusalem in prayers that are repeated three times a day and under the wedding canopy.

    Fifty-six years ago, in the Six Day War, we unified Jerusalem. But I must say that the fight for its unity has not ended. Time and again, my friends and I have been forced to repel international pressure on the part of those who would divide Jerusalem again, and by prime ministers of Israel who were prepared to give in to those pressures, and were even prepared to concede the Jewish People's holiest places.

    We have acted differently. Not only have we not divided Jerusalem, we have built and expanded it. I am proud to have had the great privilege of building new neighborhoods in Jerusalem, such as Har Homa, Givat Hamatos and Maaleh Hazeitim, in which tens of thousands of Israelis live. We did all this together in the face of great international pressure. We stood against these pressures.

    I am proud that the governments we have headed have led great expansion and development in all parts of the city, western and eastern, on behalf of its residents. I am proud that we have brought about American recognition of Jerusalem as the capital of Israel and the transfer of the US and other embassies to the capital – and our hand is still extended.

    I promise you that more embassies will be transferred to Jerusalem and it will not take a very long time. But the work is not over and the challenge is yet before us. There are still those who want to divide Jerusalem and they say so openly. There are those who proclaim their loyalty to the united Jerusalem but are not really prepared to fight for it at the moment of truth. Only the national camp led by us will safeguard a strong and united Jerusalem, just as we are safeguarding our security and national pride.

    And therefore, on behalf of our security, our future and the unity of Jerusalem, we must continue to maintain our government, that of the national camp. You all see the difference.

    Just one year ago, here in the heart of Jerusalem, we saw a disgraceful scene. Two Jewish youths hastened to take Israeli flags off their car. They had stopped at a traffic light and there was concern that a procession of Palestinians, that was protesting opposite them and waving PLO flags in the heart of Jerusalem, could injure them, like many others; we were also outraged by this.

    We promised to restore our national honor – and I am keeping our promise. We did this last week with the flag march which wound its way proudly through the streets of our capital, and in Operation Shield and Arrow, which changed the equation with Islamic Jihad.

    Of course, in order to continue maintaining our national government, we must pass the state budget. You know that I have a little experience in this matter, having passed almost 20 state budgets, and I can tell you that there are always last minute arguments. I believe that we will overcome them and pass the budget.

    We will pass a responsible budget one of the goals of which is to equalize conditions between a haredi child to those of a secular child. Haredi children do not need to receive less than secular or religious children because a haredi child is not half a child. No Jew needs to hear the antisemitic incitement on the television channels, or see shameful caricatures in the biased media, which copy the anti-Semitic propaganda that our people has known in its darker periods. The fact is that under our government we have succeeded in integrating the Haredi sector in the labor market more than all other governments – and this we will continue to do.

    This government was elected to serve out its days; therefore, I am certain that in the coming days we will bridge all of the gaps and continue to work together on behalf of all citizens of Israel, and Jerusalem.

    Indeed, today the government will approve budgets for the development of the Old City and the strengthening of all of Jerusalem. We will upgrade infrastructure in the Western Wall plaza and we will improve transportation services. I have specially requested that attention be given to completing the ring road (the eastern ring road and the northern American highway), this will be major news as the great transportation news that we have brought, great news in Jerusalem and not just in Jerusalem. We will expand educational activity for children, soldiers and students and we will encourage visits to the amazing Western Wall where are now meeting.

    These decisions join what we have already done on behalf of our capital. Several years ago, we initiated and began the excavation of the wonderful Har Nof tunnels and today tens of thousands of drivers use them daily. At the same time, we are extending the light rail in the city from Gilo in the south to Ramot in the north.

    The quarter at the entrance to the city is being built. We all pass by it daily and see it progressing. This will give a major push to commerce, employment, housing, culture and recreation. I note that hundreds of high-tech companies are already active in Jerusalem, and we are moving forward with new initiatives to build housing.

    In the coming years, we will also advance an innovative enterprise – the cable car to the Western Wall, which will allow for easier access to the area of the Western Wall and the City of David. I am certain that riding on it will be a unique and special experience for both Israelis and overseas tourists. As a Jerusalemite from the age of two days, because I was born in Tel Aviv and arrived in Jerusalem at the age of two days, I remember Jerusalem and it is changing daily. It has wonderful things that do not change but there are also great and powerful changes that are bursting with momentum, imagination and hope.

    I would like to thank all government ministers for joining in to benefit Jerusalem, but especially Jerusalem Affairs Minister Meir Porush, Finance Minister Bezalel Smotrich, Mayor Moshe Lion, who is continuing the energetic work of his predecessor, Minister Nir Barkat

    In contrast to what Abu Mazen said several days ago, we were here thousands of years ago and will still be here thousands of years from now.

    A Happy Shavuot to the people of Israel, a happy festival to Jerusalem, the eternal united capital of the State of Israel."

    Jerusalem Mayor Moshe Lion and Western Wall Rabbi Shmuel Rabinowitz attended today's Cabinet meeting.

    Photos: GPO
    Like
    4
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  • After conducting various meetings in London last week, we had productive follow-up discussions with U.K International Development Minister, Rt. Hon. Andrew Mitchell MP, here in Lusaka today, regarding investment opportunities for the mutual benefit of our two countries.

    Our government is committed to promoting economic development in order to attract increased foreign investment, which in turn, will generate employment opportunities for our citizens.

    Hakainde Hichilema,
    President of the Republic of Zambia
    #thaingaro #cinetv #dunka #waivio #liketu #someeofficial #meme #leo #beakd
    After conducting various meetings in London last week, we had productive follow-up discussions with U.K International Development Minister, Rt. Hon. Andrew Mitchell MP, here in Lusaka today, regarding investment opportunities for the mutual benefit of our two countries.

    Our government is committed to promoting economic development in order to attract increased foreign investment, which in turn, will generate employment opportunities for our citizens.

    Hakainde Hichilema,
    President of the Republic of Zambia
    #thaingaro #cinetv #dunka #waivio #liketu #someeofficial #meme #leo #beakd
    Like
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  • We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema,
    President of the Republic of Zambia.
    We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema,
    President of the Republic of Zambia.
    Like
    2
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  • We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema, President of the Republic of Zambia.
    We held a lively press briefing to fulfill our commitment of regularly engaging with fellow citizens through the media, to discuss matters affecting our nation in various aspects. During the briefing, we reviewed our progress since assuming government leadership, focusing on law and order, the economy, cost of living, healthcare, mining, the Constituency Development Fund (CDF), and agriculture, among other issues.

    When we assumed government, our top priority was to ensure stability by addressing lawlessness in public places, intensifying the fight against corruption, and establishing the Economic and Financial Crimes Court. We also increased financial support to the judicial system. Recognizing that law and order is fundamental to our economic growth agenda, we have achieved significant improvements in this area.

    Moving forward, we pursued our economic agenda by implementing measures to reduce inflation and stabilize interest and exchange rates. In collaboration with our international partners, we are making progress in the debt restructuring process.

    We are aware of the hardships our citizens are facing due to the restoration of a collapsed economy. To alleviate these challenges, we have increased social cash transfers, implemented free education for all, introduced partial withdrawals from the National Pension Scheme Authority (NAPSA), reinstated meal allowances for students in public universities, and ensured equitable distribution of enhanced CDF funds to all constituencies in Zambia.

    While we acknowledge the criticism from our colleagues in the opposition, we challenge them to provide alternative solutions to the tangible benefits we have delivered, such as eliminating lawlessness and violence, meal allowances for students, 100% allowances for our armed forces in peacekeeping missions abroad, NAPSA partial withdrawals, marketeer loans, social cash transfers, the increased CDF and the employment of over 41,000 Healthcare workers and Teachers respectively, among many other achievements.

    We are committed to continuing our engagement with you, our citizens, through future media conferences.

    Hakainde Hichilema, President of the Republic of Zambia.
    Like
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  • The importance of good sites for overseas offices, like this in Aden was appreciated more and more as the airline’s international network grew. In the early 1950’s
    #ThrowbackThursday #FlyEthopian
    The importance of good sites for overseas offices, like this in Aden was appreciated more and more as the airline’s international network grew. In the early 1950’s
    #ThrowbackThursday #FlyEthopian
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  • Happy International Nurses Day to our frontline healthcare heroes. Thank you for your expertise and selflessness to ensure that we remain a healthy nation. We appreciate you today, tomorrow and forever.

    Hakainde Hichilema
    President of the Republic of Zambia
    #WorldNurseDay
    Happy International Nurses Day to our frontline healthcare heroes. Thank you for your expertise and selflessness to ensure that we remain a healthy nation. We appreciate you today, tomorrow and forever.

    Hakainde Hichilema
    President of the Republic of Zambia
    #WorldNurseDay
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  • Ethiopian Airlines is pleased to welcome a delegation from Atlanta, U.S.A led by Honourable Mayor Andre Dickens, Mayor of Atlanta. The delegation included Ms. Lisa Gordon – Chief Operating Officer, Ms. Vanessa Ibarra – Executive Director, Mayor’s Office of International & Immigrant Affairs, Ms. Alrene Barr – Senior Airport Director, Office of Public & International Affairs, Hartsfield-Jackson Atlanta International Airport and other honourable delegates. The team visited Ethiopian state-of-the-art facilities and held fruitful discussions with Chairman of Ethiopian Airlines Group Management Board Mr. Girma Wake, Group CEO Mr. Mesfin Tasew and Ethiopian executive management members.

    #EthiopianAirlines
    Ethiopian Airlines is pleased to welcome a delegation from Atlanta, U.S.A led by Honourable Mayor Andre Dickens, Mayor of Atlanta. The delegation included Ms. Lisa Gordon – Chief Operating Officer, Ms. Vanessa Ibarra – Executive Director, Mayor’s Office of International & Immigrant Affairs, Ms. Alrene Barr – Senior Airport Director, Office of Public & International Affairs, Hartsfield-Jackson Atlanta International Airport and other honourable delegates. The team visited Ethiopian state-of-the-art facilities and held fruitful discussions with Chairman of Ethiopian Airlines Group Management Board Mr. Girma Wake, Group CEO Mr. Mesfin Tasew and Ethiopian executive management members.

    #EthiopianAirlines
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