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

SAN JUAN/WASHINGTON DC (BBN) — (Update on November 6, 2017 to add comments by Financial Oversight and Management for Puerto Rico Chairman Jose Carrion IIIDonald 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 the high point 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.

Continue reading

CI VIEW: Amazon’s Jeff Bezos to pick Baltimore for Amazon HQ2 in game changing beauty contest

BALTIMORE/WASHINGTON, DC (BBN) – Amazon.com INC, (NASDAQ:AMZN) founder and CEO Jeff Bezos will almost certainly pick the City of Baltimore for its planned second headquarters notwithstanding its nationwide beauty contest.

[Amazon CEO Jeff Bezos filmed by Capitol Intelligence/BBN using CI Glass ahead of US CEO Summit with Indian PM Narendra Modi ahead of Oval Office meeting President Donald Trump. The Willard Hotel in Washington DC. June 24, 2017]

According to Amazon’s pitch document, the new Amazon headquarters would create 93,000 direct and indirect jobs; a capital investment of USD 3.1bn; and an estimated 233,000 annual hotel nights by Amazon employees.

Even as US cities such as Detroit, Chicago/St. Louis, Cleveland scramble with their own AmazonHQ2 proposals, Baltimore’s strategic location combined with dynamic political leadership of Baltimore Mayor Catherine Pugh and Maryland Governor Larry Hogan all but guarantees Amazon will pick the Charm City for its new headquarters.

Continue reading

CI VIEW: EXIM Bank catalyst for US job growth and reform with Mnuchin/Waters duo UPDATE

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) of the 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. 

Continue reading