China’s Belt and Road Initiative is an infrastructure project that spans over 60 countries, and will cost over a trillion dollars. The plan is to make it easier for the world to trade with China, by funding roads, railways, bridges, tunnels, and pipelines in Asia and Africa. A Vox video by Sam Ellis.
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Commerce Secretary Wilber Ross, official portrait.
President Trump, apparently thinking he is still on his NBC reality TV show, wants to fire Commerce Secretary and noted grifter Wilbur Ross for not successfully defending his indefensible politicization of the 2020 Census. Previously, the president had unsuccessfully sought to fire his Justice Department lawyers for the same reason.
Per ZeroHedge:
“Ross would be the 10th Senate-confirmed member of the Cabinet to leave the administration, in addition to dozens of senior officials, including five communications directors, two chiefs of staff, two national security advisers, two press secretaries, the Federal Bureau of Investigations director, the U.S. ambassador to the United Nations, the National Economic Council director, the Small Business Administrator and the Chair of the Council of Economic Advisers.”
More:
“Trump weighs ousting Commerce chief Wilbur Ross after census defeat,” Hans Nichols, Kayla Tausche, CNBC and Hallie Jackson, NBC News
“Trump Musing Again That 81-Year-Old Commerce Secretary Who Sleeps In Meetings And Mumbles On TV Might Not Be At Top Of His Game,” Thornton McEnery, Dealbreaker
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Image (“Wilbur Ross Official Portrait”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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Commerce Secretary and grifter Wilbur Ross (net worth: $440 million — or maybe $2.9 billion) expressed puzzlement over why unpaid federal workers need to go to food banks during the Trump government shutdown when they could get loans. Perhaps they can use their art collections as collateral. It’s true that the Commerce Department Credit Union offers loans to unpaid federal employees — at nearly 9 percent interest. What GS-4 wouldn’t jump at that?
NotionsCapital 