Muslim World$type=three$h=250$c=3$author=hide$comment=hide$rm=hide$date=hide$snippet=hide$show=home





Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World




Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Trump expected to tap billionaire investor Wilbur Ross for commerce secretary


President-elect Donald Trump is expected to select Wilbur Ross Jr.to head the Commerce Department, said two people familiar with the deliberations, a decision that would put a billionaire investor known for buying up failed companies in charge of the agency tasked with cultivating economic growth.

Mr. Ross, 78 years old, is chairman and chief strategist of private-equity firm W.L. Ross & Co., a company known for deals that included combining bankrupt steel producers Bethlehem Steel, Acme Steel, Weirton Steel and LTV Steel to form International Steel Group in 2002.

His company’s work in the steel industry raised Mr. Ross’s profile in the Rust Belt, a region of the country that was pivotal to Mr. Trump’s electoral victory on Nov. 8. For some, the New Jersey native has been a savior for steelworkers, willing to risk his money to save thousands of jobs. For others, he was a vulture who cut jobs and pensions and forced pain on a once proud industry.

Mr. Trump acknowledged he was considering Mr. Ross for commerce when the two met on Nov. 20. “That’s what we’re looking for,” Mr. Trump told reporters.

Mr. Ross declined to comment about the potential job in the Trump administration. A Trump transition spokesman said no decision has been made.

In August, W.L. Ross & Co. agreed to pay a $2.3 million fine to the Securities and Exchange Commission to settle charges that it hadn’t properly disclosed some fees charged to investors. The company was bought by Invesco Ltd. in 2006.

He has told associates that accepting a job in the administration would probably spell the end of his business career because he would be forced to divest himself of his investment holdings.

In the early 1990s, Mr. Ross represented bondholders unhappy with Donald Trump’s management of his struggling Taj Mahal casino business, a role in which Mr. Ross later said he interacted with Mr. Trump “quite aggressively in a very bad moment for him, and yet came away from it with great respect” for him. The creditors were angry about a possible missed payment and debated whether to seize control of the casino. Mr. Ross argued that Mr. Trump’s properties were worth more with the man involved and helped negotiate a plan to keep him in charge.

Mr. Ross worked on policies proposing overhauls of U.S. trade and regulatory policy in the final months of the campaign with Peter Navarro, an economist who has been extremely critical of U.S. policy toward China.

“I favor world trade myself. A lot of our businesses engage in international trade. But over the years I’ve also learned quite a few of the trade deals that we’ve made have been just plain bad deals,” he said in an interview earlier this year. “There’s nothing inconsistent with being an advocate of trade and yet saying you need to do deals that make sense.”



Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
Muslim Global: Trump expected to tap billionaire investor Wilbur Ross for commerce secretary
Trump expected to tap billionaire investor Wilbur Ross for commerce secretary
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy