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SAN JUAN/WASHINGTON DC (BBN) —(Update on November 6, 2017 to add comments by Financial Oversight and Management for Puerto Rico Chairman Jose Carrion III) 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 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.
KIRKUK/WASHINGTON (CI MENA) — (Update on October 10, 2017 to add interview with Hyatt Hotel Corporation(NYSE:H) Chairman Thomas Pritzker) — 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.