Tag Archives: funds

Puerto Rico Deal Looks Like Bullshit

9dca14ae61422d8c4fec0a836fbb79ba--hilarious-memes-funny-shit

MDC says, THE USA IS SO FUCKED …. LETS RAPE THIS BITCH OF ALL THE FUNDS ….as per TRUMP !!!

A tiny, 2-year-old energy company from a small town in Montana won a $300 million contract to fix Puerto Rico’s hurricane-ravaged power grid, raising concerns about the decision-making behind the lucrative deal and the company’s ties to people connected to the Trump administration, as well as the company’s ability to fully meet Puerto Rico’s recovery needs.

MDC says, Take a peek at the $10 website …(click to see)  WHITEFISH BULLSHIT ENERGY .

Whitefish Energy, which at the time of the Hurricane Maria’s landfall had only two full-time employees, now has by far the largest contract of any company involved in Puerto Rico’s recovery, and, according to reporting from the Daily Beast, is primarily financed by a firm run by a major Trump donor who has connections to several members of his administration.

The contract has also raised eyebrows because the company is based in Whitefish, Montana, the hometown of Interior Secretary Ryan Zinke (population: 7,436). Zinke’s office told the Washington Post that Zinke knows the company’s CEO because the town is a place where “everybody knows everybody” but that Zinke had no role in the deal. A member of the Puerto Rico House of Representatives, Luis Vega Ramos, told the Daily Beast that connections to Zinke and Puerto Rico Gov. Ricardo Rosselló were Whitefish’s “most important expertise and assets.” Vega Ramos accused Whitefish of being a “glorified middleman” that crafted a “cozy sweetheart deal” to make money off subcontracting.

Whitefish Energy, which says it now has 280 workers in Puerto Rico and is growing by 10 to 20 subcontractors a day, has taken on the Herculean task of restoring power to an island where the vast majority of citizens are still without electricity more than a month after the hurricane. The cash-strapped territory will spend $490 million on the initial phase of the power grid repairs, according to Rosselló.

The $300 million Whitefish contract sets hourly rates at $330 for site supervisors and $227 for journeyman linemen, with rates even higher for subcontractors: $462 per hour for supervisors and $319 for linemen. It also includes $332 nightly fees for each worker and $80 a day for food.  MDC says, QUIT your mundane utility job here in the USA and go to Puerto Rico and hang out and create delays and get paid.

DIAMONDS TO WALL STREET

 

MDC says, WHO doesn’t LOVE DIAMONDS . Something to be aware of .

The SEC is currently reviewing a proposal for the first ever exchange-traded fund backed by diamonds.

IndexIQ is the backing company, which over the past five years has bought 14 other ETFs. While gold has seen a huge increase over the past few years along with gold ETFs, a diamond-centered ETF has yet to be created.

In perhaps the most developed plan, the largest publicly traded diamond company, Harry Winston, is working with a Swiss asset manager to create a $250 million fund that is set to begin buying half-carat to six-carat diamonds this year with money from institutional investors like hedge funds and pensions. The fund would own diamonds bought and sold in Harry Winston stores and sell shares to private investors.