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WASHINGTON/WHEELING, WV (BBN) (Update on May 18, 2017 to add comments by US Treasury Secretary Steven Mnuchin) –The end of the long stalemate in Congress over the Export-Import Bank of the United States (EXIM) has unintentionally served as a catalyst to convince the CEOs of Fortune 100 giants such as General Electric Corp.(NYSE:GE),The Dow Chemical Company (NYSE: DOW), Honeywell International, INC (NYSE:HON), The Boeing Company (NYSE:BA) ofthe strategic need to lend their considerable resources to US small-and-medium and minority-and-veteran owned businesses to expand and compete in foreign markets.
[US House Financial Services Committee Ranking Member Maxine Waters (D-CA) speaks to Capitol Intelligence/BBN using CI Glass on President Trump naming former NJ Congressman Scott Garrett as EXIM Bank at Tax March at US Capitol, April 15, 2017]
The issue of large corporates helping US small and medium-sized businesses came after EXIM Bank opponents succeeded in blocking the nomination of new EXIM board members and thus limiting the export credit agency to making export guarantees of USD 10m or less.
President Donald Trump unblocked the impasse by nominating former New Jersey Congressman Scott Garrett as EXIM President and Chairman and former US House Financial Services Chairman and old-school Republican leader Spencer Bachus from Alabama as an EXIM board member.
Meanwhile a highly unusual but effective alliance has been quietly forged between US Treasury Secretary Steven Mnuchin and US House Financial Services Ranking Member Maxine Waters (D-CA) to guarantee that EXIM Bank primary focus will be to serve US small-to-medium size exporters, with special attention to minority-and-veteran led businesses.
KIRKUK/WASHINGTON (CI MENA) — (Update on March 22. 2017 to add US Commerce Secretary Wilbur Ross and Iraq Prime Minister Dr. Haider Al-Abadi) — Kirkuk Governor Dr. Najmaldin O. Karim, MD is providing a road map for a stable and prosperous Iraq without the Islamic State of Iraq and Syria (ISIS) with his no-nonsense management of the liberated oil rich territory next to the autonomous Kurdistan Regional Government (KRG) based in Erbil.
[US Commerce Secretary Wilbur Ross speaks to Capitol Intelligence/CI MENA using CI Glass at US Chamber of Commerce’s US-Iraq Business Initiative dinner for Iraqi Prime Minister Dr. Haider Al-Abadi at US Chamber of Commerce,March 20, 2017]
President Donald Trump decision to bolster US military forces to free Iraq’s second city Mosul from ISIS control has now put creating a new road map for post-ISIS Iraq on the forefront of the administration’s agenda.
Kirkuk’s Dr. Karim can-do management style — combined with US private sector leadership corralled by US Commerce Secretary Wilbur Ross — can transform Iraq from a geopolitical quagmire into a regional economic power.
WASHINGTON/BALTIMORE (BBN) – President Donald Trump plan to spend up to USD 1 trillion upgrading US infrastructure has triggered the first serious bipartisan debate in Congress whether the United States should establish a National Infrastructure Bank and/or national bond authority.
[President Donald Trump speaks with Capitol Intelligence/BBN using CI Glass at Economic Club of Washington DC event prior to entering race for Presidency. Marriott Marquis Hotel and opening of Trump International Hotel in Washington, DC. December 15, 2014]
US House Transportation and Infrastructure Chairman Rep. Bill Shuster (R-PA) says he opposes the establishment of a National Infrastructure Bank while US Senator Mark Warner (D-VA) is pressing for an independent National Infrastructure Bank or financing authority.
TUNIS/BALTIMORE (CI MENA) (Updating on March 14, 2017 to add The Carlyle Group Co-Founder and Co-CEO David Rubenstein) — Tunisia, the Arab world’s first democracy, is set for an unprecedented economic boom as the administration of President Donald Trump makes a clean sweep of a cabal of cronies tied his opponent and former Secretary of State Hillary Clinton.
[Secretary of State and former Exxon Mobil (NYSE:XTO) Chairman and CEO Rex W. Tillerson speaks to Capitol Intelligence/BBN using CI Glass on mega mergers in oil and gas sector following United States Energy Association Energy meeting at National Press Club of Washington, DC. May 5, 2016]
Tunisia set the stage for its economic renaissance following the Tunisia 2020:Road to Inclusion, Sustainability and Efficiency donor and investment summit headlined by the Emir of Qatar Sheikh Tamim bin Hamad bin al-Thani and than French Prime Minister Manuel Valls and raising more than USD 8bn for public-private infrastructure projects, with USD 1.2bn from Qatar alone.
Notwithstanding President Barack Obama elevating Tunisia as America’s most strategic non-NATO US ally, the United States angered the Tunisian government headed by the country’s pro-American Prime Minister Youssef Chahed by sending an insultingly low-level US delegation to the conference.
On February 17, 2017, President Trump phoned Tunisian President Beji Caid Essebsi to “re-affirm” the historic US-Tunisian relationship and seek additional ways to cooperation between the two countries.