President Barack Obama announced over the weekend a new energy plan called “Power Africa.” The plan will invest $7 billion in U.S. taxpayer money to bring electricity to sub-Saharan Africa and will generate huge rewards for General Electric, a company run by former Obama economic adviser Jeffrey Immelt, Forbes reports.
The United States Export-Import Bank has authorized a $343.3 million direct loan to a Hong Kong-based communications company that is partly controlled by the Chinese government so that it can buy two American-made satellites.
Through lobbying, media, and public statements, the left-wing Center for American Progress (CAP) routinely used its influence to push for legislation that benefitted its major corporate donors, a Washington Free Beacon analysis has found.
Secretary of State Hillary Clinton is supporting a bid by General Electric to export jobs and nuclear technology to China by seeking assurances from Beijing that it will not steal or transfer valuable reactor technology, the Free Beacon has learned.
A delegation of American business leaders with lobbying ties to relatives of a top Obama administration adviser wrapped up a four-day tour in Egypt aimed at laying the groundwork for increased economic cooperation on Tuesday, as violent rioters stormed the U.S. Embassy in Cairo.