Tuesday, December 19, 2006

Baghdad Economy Booming

Good news. Baghdad is coming alive economically. Will we see this on Ms. Katie's news program? Newsweek International has admitted it. The New York Post reports:
* Real estate, construction and retail sales industries are booming in Iraq. * The number of registered companies in Iraq grew from 8,000 in 2003 to 34,000 this year. * Iraq earned $41 billion in oil revenue this year ... The report also said reduced customs restrictions and fees have made imported goods more accessible and affordable to many Iraqis. Other studies showed a growth of almost 100 percent in salaries for those who have jobs. And Iraqis have even had American-style tax cuts, the report said.
According to studies by World Bank, the International Monetary Fund and the U.S. Chamber of Commerce. All the news is not good.

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