CI VIEW: US infrastructure under Trump the Builder is world’s greatest emerging market investment, Carlyle co-CEO UPDATE

WASHINGTON/BALTIMORE/WHITE SULPHUR SPRINGS, WV (BBN)  (Update on Feb. 11, 2018 to add comments from senior White House officials) — President Donald Trump proposed USD 1.5 trillion US infrastructure investment fund may rank him among the great builders of America:  President Abraham Lincoln with the Transcontinental Railroad; Theodore Roosevelt and the Panama Canal ; and the US Highway Interstate System of General Dwight D. Eisenhower, according to US House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA).  

Key domestic and foreign players such as Washington, DC-based The Carlyle Group and Melbourne, Australia’s Transurban Group (ASX:TCL) have taken pole position while  New York’s Blackstone, KKR and Guggenheim Partners play catch up.  

[The Carlyle Group co-CEO Glenn Youngkin on why US Infrastructure is “greatest emerging market opportunity” in the world at America’s Infrastructure Summit: A Time to Modernize at US Chamber of Commerce in Washington, DC. January 18, 2018]

The Carlyle Group co-Chief Executive Officer Glenn Youngkin said he always tells major foreign funds who love to invest in emerging markets that the “greatest  emerging market opportunity around the world today is to invest in US infrastructure.  Rule of law, accountability of a work force, the dependability of construction and we have such a nascent industry investing in something which is our greatest need . This is why we are getting so excited.”

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CI VIEW: President Trump to resurrect Puerto Rico to former glory through CEO intervention, PREPA privatization UPDATE

SAN JUAN, PR/WASHINGTON, DC (BBN-PR) —  (Update on January 13, 2017 to add interview with US Representative Eleanor Holmes Norton (D-District of Columbia) — Donald J. Trump’s harnessing of CEO intervention, the US military and exploiting the White House bully pulpit to resurrect of Puerto Rico to its former glory following the devastation by Hurricane Maria will undoubtedly be one of the the high points of his presidential legacy.

[President Donald J. Trump arrival on Air Force One filmed by Capitol Intelligence using CI Glass at Muniz National Air Guard Base in Puerto Rico. President Trump and First Lady Melania was met by Puerto Rico Governor Ricardo Rossello and  wife. October 3, 2017]

To many in Puerto Rico — Hurricane Maria is a blessing in disguise as the enclave was facing an even more devastating slow death under USD 70bn of unsustainable debt to Wall Street banks and asset managers.

President Trump effectively talked down Puerto Rico bond prices from about 60 cents on the dollar pre-Hurricane Maria to about 30-35 cents following a choreographed impromptu interview with Fox News anchor and Puerto Rican native, Geraldo Rivera during during his visit on October 3, 2017 .  The USD 9bn in bond debt owed by PREPA will be zeroed out as Hurricane Maria wiped out the utility.

While Puerto Rico won the highest level support from President Trump and his cabinet,  Puerto Rico felt deeply betrayed by US Senator Marco Rubio (R-Fla) and US House Ways and Means Committee Chairman Kevin Brady (R-TX) as parts of the recently passed US tax reform bill treats Puerto Rico as a foreign jurisdiction.

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