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Jeff Immelt's Plan To Save The Economy: More Solyndras Please - 0 views

files.jobs-council.com/...ouncil_InterimReport_Oct11.pdf
shared by Yadkin River on 21 Dec 11 - No Cached
  • They propose establishing the "Clean Energy Deployment Administration" as proposed by Senate Democrats, saying that if properly funded, it could create more than 100,000 jobs.
  • ncluding the creation of a new government "financing institution" funding by up to $8 billion from the Treasury to "boost and maintain annual energy investments" to $30 billion or $40 billion annually.
  • Yadkin River on 21 Dec 11
     
    Jeff Immelt - Jobs Council -
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Steel chief hits out at US-China plant critics - FT.com - 0 views

www.ft.com/...59-11df-a860-00144feab49a.html Correnti steel CleanTech hydro china chinese Investors
shared by Yadkin River on 04 Jan 12 - No Cached
  • plan to build a steel plant in the US partly funded by one of China’s biggest steel companies has hit out at his critics, saying that objections to the scheme are a “ploy” by established US companies to block fair competition.
  • John Correnti, chief executive and part owner of Steel Development, which intends to construct a $168m plant in Amory, Mississippi, with the aid of investment by state-owned Anshan Iron & Steel, dismissed as “ludicrous” a claim by a group of US congressmen that the involvement of a Chinese company could potentially damage US national security.
  • Mr Correnti’s project in Mississippi – which he says is part of a bigger $2bn scheme to build a total of four steel plants in undisclosed locations US-wide – comes at a difficult time for the country’s steel industry which was severely affected by the 2008-09 economic crisis and is recovering only slowly.
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  • It also exacerbates tensions between the US and China.
  • Parts of the US business community are concerned at what they regard as a “mercantilist” approach to industry by Beijing, under which the country is said to use levers such as the undervalued renminbi to help Chinese companies.
  • Tom Danjczek, president of the Steel Manufacturers Association, a trade group, which represents most of the large mini-mill companies, said his members “particularly objected” to the presence in Mr Correnti’s investment group of Anshan. That was on the grounds that the company benefited from Beijing’s assistance, in the form “of easy access to government loans and an artificially low currency”. State-owned Anshan benefited from such government help in a way that was denied to its competitors in the US, he said. In a letter sent in July to Tim Geithner, US Treasury secretary, a group of Congressmen representing steel producing districts claimed the planned involvement of Anshan in the Amory project could threaten US national security.
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Foreign investment in U.S. infrastructure causes security concerns | Homeland Security ... - 0 views

www.homelandsecuritynewswire.com/cture-causes-security-concerns ALCOA ownership infrastructure homeland
shared by Yadkin River on 21 Dec 11 - No Cached
  • the interest of foreign companies in buying U.S. critical infrastructure assets; that interest is now growing again, and the Obama administration is grappling with how to balance the promotion of commerce with the bolstering of security
  • The issue is coming back to the fore as foreign investors once again try to buy American industrial assets. The Obama administration has thus been forced to grapple with how to protect national security while promoting economic recovery.
  • The New York Times’s Eric Lipton wrote last month that in early December, the administration had threatened to block the proposed takeover by the Chinese government of a tiny Nevada gold mining company, according to executives for the company,
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  • Foreign investments in the U.S. are critical to economic growth and job creation here at home, but we have an obligation to prioritize national security,” the deputy Treasury secretary, Neal Wolin, said in a statement released in mid-December, in response to questions about the scrutiny of proposed deals.
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Office of Investment Security - 0 views

www.treasury.gov/...cfius-index.aspx ALCOA chinese CHINA ownership Foreign
shared by Yadkin River on 21 Dec 11 - No Cached
  • Office of Investment Security   Page ContentCommittee on Foreign Investment in the United States (CFIUS) The Committee on Foreign Investment in the United States (CFIUS) CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.  CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.  The CFIUS process has been the subject of significant reforms over the past several years.  These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008. Further information about each of these reforms is available via the links to the right.
  • Yadkin River on 21 Dec 11
     
    Prior to any FERC re-license of the Yadkin. FERC policy needs to include CFIUS review in light of rapid globalization and existing known multi-national partnerships to any FERC licenseholder
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