IranDaily
Number 3111 - Sun, Apr 27, 2008 - Ordibehesht 08 1387- Rabi Al-thani 20 1429

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Identification
Published by the Islamic Republic News Agency (IRNA)

Address:
Iran Cultural & Press Institute, #212 Khorramshahr Avenue Tehran/Iran

Chief Editor:
Amir Ali Abolfath

Editorial Dept. Tel: 88755761-2

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Advertising Dept. Tel: 88500616-7
Majlis Composition Clear
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Interior Minister Mostafa Pour-Mohammadi said the result of votes counted so far for 287 parliamentary seats indicates that over 69 percent belong to conservatives, 16.38 to reformists and 14.29 to independent candidates.
Addressing a press conference on Saturday, Pour-Mohammadi stressed that the result of the vote-count up to now matches the figure announced by the Electoral Headquarters, Mehr News Agency reported.
Based on the latest statistics, 10 rightwing candidates and one reformist won the runoff elections in Tehran, Rey, Shemiranat and Eslamshahr constituencies.
The 11 winners of Tehran are Elyas Naderan, Laleh Eftekhari, Alireza Zakani, Mehdi Kouchakzadeh, Ali Asghar Zarei, Tayebbeh Safaei, Parviz Sorouri, Zohreh Elahian, Hamid Rasaei, Hossein Fadaei-Ashtiani and Alireza Mahjoub.
Pour-Mohammadi also said the current voter turnout indicates an increase compared to the figure for previous elections, despite problems posed by unsuitable election date and changes in the Election Law.
Asked about the number of eligible voters in Tehran, the interior minister said there are about 5.2 million eligible voters in Tehran, of whom 725,000 people participated in the second round on April while about two million people cast votes during the first round on March 14.
“We do not claim that there were no violations or that we or the candidates and their supporters made no mistakes. But we dare say that the number of violations and complaints was lower than in all previous polls,“ he said.
Regarding changes in the administrative system, Pour-Mohammadi said, “I personally believe in managerial stability and do not support the idea of changing managers É Changing managers of the executive system irrespective of their levels is not useful unless changes are inevitable. This has been my line of thinking in the Interior Ministry. I think this approach is defensible and all administrative and executive people support it.“
Commenting on the impact of Cabinet reshuffle on the quality of elections, Pour-Mohammadi said, “If I were to do this, I would not do it. I tried to reduce the impact as much as possible by adopting a proper attitude. I believe I managed to control the impact on the elections to some extent, but I cannot claim that I controlled it fully.“

Bank Profit Rates Revisited
As the time for determining the banking profit rate for 2008-9 approaches, economic and banking experts have spoken out in favor of and against the need to increase or decrease the rate. This is while fundamental changes have already been made in the banking system, Fars news agency reported.
The government has endeavored to approve circulars necessitating increased supervision of banking facilities, which must be granted to qualified people to boost the production sector.
Meanwhile, Central Bank of Iran (CBI) has tried to complement the government’s efforts to bring about positive changes in the banking system by putting forward a political-supervisory package.
Based on the package, which categorizes banking contracts into exchange and public participation, banks must share project profits with depositors at a specific proportion in the form of participation contracts.
However, the subject of debate pertains to determining the profit rate in exchange contracts. As mentioned, due to the moves made by both the government and the CBI to overhaul the banking system, there are differences of opinion among economic experts.
Some opine that reducing banking profit rate leads to a decrease in inflation. Government officials also believe in this. However, some other experts reject this postulate and maintain that decreasing the inflation rate is the prelude to reducing the banking profit rate. In other words, some believe that the banking profit rate must be the yardstick for changing the inflation rate while others say that the inflation rate should serve as the governing criterion.
Abbas Mousavian is among the experts who believes that the inflation rate should serve as the yardstick. He attaches credence to the notion that given the inflationary conditions of 2007-8 and the over 3 percent increase in inflation rate, the profit rate of exchange contracts should increase by at least 3 percent.

See Page 5

Blackwater Trial Underway
Families of Iraqis who died in a shooting involving Blackwater Worldwide contractor accused the company of shredding documents and destroying evidence.
Lawyers for the families made the accusations in court documents but identified the source of the information only as former employees, AP reported.
They said officials at the company’s North Carolina compound shredded documents related to ongoing investigations sometime around March 18.
Company lawyers had no immediate comment Friday night, but they are quoted in court documents as saying Blackwater took appropriate steps to ensure documents were not destroyed.
Lawyers for the Iraqis do not say what investigation the documents relate to. Blackwater, a major security contractor in Iraq, is under scrutiny in several matters.
Most notably, its guards are under investigation for a September shooting that left 17 Iraqi civilians dead. There is no indication the Justice Department is investigating shredding as part of that case.
Perspec
Business of Spin
By Armin Hedayati
Short of ideas and options and a fast declining credibility almost across the Earth, Bush’s America and its spin doctors have once again resorted to failed tactics and the demonization of the Islamic Republic.
After the latest meeting of the so-called Group 5+1 ended without any tangible results and the United States failed to undermine historic relations between New Delhi and Tehran, the White House has embarked anew on poisoning the international ambiance against Iran.
In the latest tirade that has been assessed as a “soft war“, Admiral Michael Mullen, chairman of the US Joint Chief of Staff, claimed without any evidence that Iran is underwriting Iraqi insurgents fighting to kick out George Bush’s fractured army from the Arab country. He also described Iran as a destabilizing factor.
In another development, some US navy commander in the Persian Gulf claimed that a commercial ship on hire by the US military fired warning shots at boats that belonged to Iran.
It is not a very complex thing to understand that if and when any Iranian military vessel is attacked, the aggressor party will definitely receive an immediate and fitting response.
Moreover, this is not the first time US officials are resorting to lies and libel against Iran and going out of their way to claim that Tehran is destabilizing the strategic Persian Gulf.
On April 10 the Americans published a footage depicting a confrontation between their naval forces and three Iranian speed boats. The footage that at the outset was taken for granted as being fake by impartial observers, was categorically dismissed by Tehran as “fabricated with file audio“.
Earlier in January warmongers in the embattled Bush camp claimed that a confrontation had occurred between their forces and Iranian boats in the Strait of Hormuz.
These are but a few examples of the broad-based psychological campaign by Washington and its spin masters to portray Iran as the major part of the problem in occupied Iraq.
How long will the declining supercop continue to camouflage its dangerous misjudgments, miscalculations, lies, and blunders in troubled areas like Iraq, Afghanistan, Lebanon and Palestine remains to be seen. So far it has hardly been able to convince free global public opinion and also respected leaders that it is the good guy and the address for the problems of the world is Tehran.
The above issues can obviously not be disentangled from the US presidential elections later this year. Hillary Clinton who is trailing her Democratic rival Barack Obama, is trying to play ’tough woman’ against Iran to attract the powerful Zionist lobby and if necessary the neocon Republicans to get into the White House for a second time.