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41 killed in iraq as violence surges after U.S. forces leave Read more

The Saudi kingdom is not known for being diplomatic, and is not known for being a party to the nuclear deal with Iran, which will allow Tehran to keep as much enriched uranium as the Islamic Republic wants to use, although officials are worried by potential dangers. That means the Saudis are unlikely to be happy if Trump's plan is scaled back by more than a little.

The Trump administration appears to have adopted a "no deal" approach to nuclear weapons, despite Trump's statements on foreign policy. And Trump's team has reportedly been telling congressional leaders from both parties that they should consider rescinding Obama's 2015 nuclear deal with Iran as a way to keep the deal's terms, which would limit Tehran's nuclear ambitions, before the congressional vote.

In the end, the Saudis remain deeply opposed to a negotiated settlement with Iran's leader. In response, the country's rulers have said they are going to have to deal with the US as a "strategic and political threat".

Last week, Saudi Foreign Minister Adel al-Jubeir warned there was "a risk that any future agreement with the United States will be terminated by the Saudi king", after the president spoke to President Hassan Rouhani.

The White House, which is already wary of the Saudis and worried about a more accommodating approach from Tehran, also expressed "the administration's continued commitment" to the agreement and its "steadfast support of the nuclear deal".

Trump has not said how he might cut Iran's nuclear programme, but his administration is taking steps to increase pressure on Tehran, according to administration officials.

Saudi officials had urged the United States to keep the deal, and Trump has threatened to stop any American air strikes against Iran. However, he has suggested he might sign an interim deal if diplomacy failed to produce an agreement.

Saudi Arabia has also warned that Trump's proposal to leave the nuclear deal would increase tensions.

White House press secretary Sarah Huckabee Sanders on Friday said the Saudis were worried the threat of military force from Iran could end up emboldening Tehran to seek a nuclear weapon, which in turn could be used against the US and its allies on the region.

"If the president thinks he can pull the rug out from under the Iranian regime, what are the odds that the next president of Iran will think the same way he thinks is OK?" Sanders said.

Iran has been fighting the regime of Bashar al-Assad in Syria for years and fears such a move would undermine its power.
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Share market nudges 5000 mark, despite rising demand for funds

By Mark Taylor

29 August 2017

After plunging over 9 percent on Monday, the Toronto Stock Exchange (TSX) has gained some 5 percent in the span of the day. The recent rally was fueled by surging demand for funds and the continuing run up in the dollar, which has pushed prices of securities up on an otherwise sagging economy.

On average, the 30,000 stocks trading in the TSX jumped more than 13 percent on Monday, compared to Monday's low of only 6.9 percent. Even though stocks on average have risen nearly 3 percent on a daily basis over the past week and a half, these gains are dwarfed by the 50 percent increase in the S&P 500, which hit an all-time high on Monday at 2,039.90.

On average, 25 major stocks, or the largest 10,500 stocks, were added to the S&P index this week, according to data from Thomson Reuters.

A number of companies are being dragged up by rising market demand for funds, such as UnitedHealth Group (UH), Teneo Holdings (TEO), and Vontobel Asset Management (VB).

The average buy request for stocks added on Monday was 3.15 percent more than a year ago, according to data released by Gartner, a market research firm. On a day when the S&P 500 dropped just 0.2 percent on Monday, it is up more than 14 percent, and on top of that, the sector has grown more than 30 percent in the past 12 months, according to a Gartner study.

The recent rally in stocks has been driven by investors eager to avoid the risk that the Federal Reserve could be forced to raise rates by January as fears become that the Trump administration and the Republican-controlled Congress are preparing to end the entire Federal Reserve policy regime.

On the same day as the sell orders for these high-quality funds poured into the S&P, two other large global markets also fell on the back of growing market demand for dollars. On August 13, the Chinese yuan, which is used as a standard currency in the world, fell 0.8 percent against the greenback against the dollar, or about $10.15, to the equivalent US dollar. China accounts for more than half of the world's foreign currency reserves.

Meanwhile, the dollar fell 0.2 percent against the yen this morning, hitting the lowest level since April.

This recent market rally, however, has not been confined to one stock market. The market for private equities, which includes all publicly-traded companies, rose on Monday by $12 billion.

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Bishop says international affairs role raised with triggs


Prime Minister Justin Trudeau's office has asked the Anglican diocese in the northern Toronto area of Hamilton to allow the archbishop of Ottawa to meet with the Canadian delegation representing Canada in the Holyrood session of the UN General Assembly.


Church leaders say the two sides agreed to meet on Sept. 6 in a bid to build bridges in Canada between Anglican and Canadian officials.

"The two sides discussed a range of issues including the role of the bishops of the Diocese of Hamilton in the North to continue to work together on an important strategic agenda, the challenges faced by dioceses across the country and how to best address their needs," according to a statement from the prime minister's office.


"Parishioners and governments of Canada expressed their desire to continue to strengthen bilateral and inter-provincial relations by strengthening the relationship that exists between the parishes of Bishop Bruce Manning, and the Catholic diocese of Ottawa.


"While the two sides made it clear that no decisions had been made, the prime minister thanked each of the two dioceses for making the time available to work together and expressed his deep appreciation for each diocese's work in building relations and co-operating across lines of separation."

A church spokesman said they were aware of the request and were "in the process of getting formal clarification from a church source."

Parishioners have previously protested the presence of Trudeau at the diocese's meeting, calling it inappropriate, but Church spokesman John Dickson said the matter is now in the hands of the archdiocese, who can decide whether to go ahead.

Trudeau said on Wednesday he will not attend any international gathering, but the prime minister's office noted that he does meet with the pope and other world leaders at the Vatican in September.

"He's meeting with a pope, it's not an appearance. He's meeting with an audience," Dickson said. "So no, he won't be meeting with Pope Francis."

In June, Anglican bishops in western Canada called on Trudeau to withdraw his invitation to speak at their annual conference because they said it was the right thing to do after his recent trip to Cuba.

NDP leader Tom Mulcair says the government's recent comments on the visit should be a "no brainer" on its part to withdraw the invitation.

NDP Leader Thomas Mulcair: "The minister should pull the invitation and say, 'Let's just stop and look at our records." (CBC)

"If there's any sort of reason for him to meet with Fidel Castro and then to spend time in Cuba, then that's totally a no-brainer. It's a no brainer."

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Mardi gras picks up mood in new orleans campaign launch

The National Democratic Front campaign has become the latest to raise the profile of the local party, following its $300,000 donation to the New Orleans Democratic Party last week.

NDF candidate in Louisiana's New Orleans City Council race

The state Democratic Party spent $300,000 to purchase four new canvassers, including a staffer hired to help fill out NDF paperwork for its candidates, with plans to hire six more in the coming weeks.

"I hope to be able to put out what we're calling a grassroot effort," said the campaign treasurer, Joe Conte, who added, "We're not going to just sit there and let anyone throw money at us."

Conte added that they have already had some success getting the names of NDF candidates posted on the New Orleans City Council candidate page. "But it's just so, so much more fun now than I could ever imagine. All we have to do is reach out to people in person and get them to go out and vote."

On Wednesday, the campaign was handed a $25,000 grant from the city's Democratic Women's Agenda (DWI). The organization spent a combined $55,000 this year to help the city's local Democratic Party campaign by organizing volunteer events to get out the vote.
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