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Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology


Biden expands Trump order by banning U.S. investment in Chinese companies linked to the military or surveillance technology
Jeanne Whalen, Ellen Nakashima
© Andy Wong/AP
Surveillance cameras are mounted on a lamp post near the large portrait of Chinese leader Mao Zedong at the Tiananmen Gate in Beijing, Friday, March 15, 2019. (AP Photo/Andy Wong)
The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that support China’s military to include those selling surveillance technology, calling the entities a threat to U.S. interests and values.
A new executive order released Thursday broadens prohibitions that Donald Trump’s administration enacted and moves authority for the ban to the Treasury Department from the Defense Department, to give it stronger legal grounding, senior administration officials said. They spoke on the condition of anonymity to preview the order before its release. ....

New York , United States , Hong Kong , Gump Strauss Hauer Feld , Donald Trump , Tom Cotton , Randy Wong , David Feith , Mao Zedong , Antony Blinken , Kevin Wolf , Glenn Schloss , Eric Sayers , Department Of Defense , Aircraft Corporation Of China , Urumqi Cloud Computing Center , Hangzhou Hikvision Digital Technology , American Enterprise Institute , Washington Post , China Mobile Communications Group , Pacific Affairs , Fabrication Equipment Inc , Chinese Communist Party , China Electronics Technology Group Corp , People Liberation Army , Semiconductor Manufacturing International Corp ,

Kennedy Funding Closes $2.3 Million Loan for Mixed-Use Property in Dominican Republic


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ENGLEWOOD CLIFFS, N.J., May 25, 2021 /PRNewswire/ An investment group in the Dominican Republic has turned to Kennedy Funding to secure a loan for their beachfront property on the country s northern coast.
The Englewood Cliffs, New Jersey-based direct private lender closed a $2.3 million loan to Atlantic Ocean Partners, LLC, for a 60.48-acre tract on Playa Diamante, in the province of Maria Trinidad Sanchez. Loan proceeds will be used for debt payoff and working capital.
Atlantic Ocean Partners came to Kennedy because they know firsthand that we have the knowledge, experience, and track record to close the deal, said Kevin Wolfer, CEO, Kennedy Funding. We take great pride in knowing that our firm has garnered a worldwide reputation for closing loans when traditional lenders cannot. ....

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