Kodak a first step: Trump White House plans new ways to break Chinese supply chain dominance
‘It doesn’t mean we can’t buy from certain sources. But you’ve got to think about it like a backup generator. You’ve got to have those sources in the United States, too.’ - White House official
By Carrie Sheffield Updated: July 31, 2020 - 11:20pm
FTA
As the Trump White House this week announced a major deal to pivot photo giant Kodak toward pharmaceutical manufacturing, it made clear this was just the first step in a broader plan to break Chinese dominance of supply chain in manufacturing.
With a focus first on healthcare manufacturing, the White House brokered a $765 million loan to Kodak after noticing 90% of the main ingredients of the most common pharmaceuticals taken each day in the United States are manufactured abroad.
Adam Boehler, CEO of U.S. International Development Finance Corporation, is a lead administration official on the Kodak deal, and said the White House plans to move beyond drugs toward other medical supply areas vulnerably exposed during the coronavirus pandemic.
“We’re going down the list,” Boehler said in an interview with Just the News. ”Look at masks, gloves. Right now, rubber gloves, they’re 80%, 90% made outside of the country, we can’t have that risk. It doesn’t mean we can’t buy from certain sources. But you’ve got to think about it like a backup generator. You’ve got to have those sources in the United States, too. So we’re going through list of items of PPE. We’re looking at generic pharmaceuticals, a number of other areas as well.”
The White House said the Kodak Pharmaceuticals project is expected to add 350 new direct jobs to Kodak, along with “thousands of jobs” due to the ”multiplier effect” of new demand within the local community of upstate Rochester, New York. That region has been decimated by Rust Belt trends, and Boehler said he’s hopeful that Kodak will serve as a model for future federal-state partnerships to invest in rebuilding the United State’s industrial base.
U.S. Seeks to Seize Bolton’s $2M Book Advance and Profits for Violating Clearance Procedures
KRISTINA WONG31 Jul 2020
FTA
The U.S. government has asked a federal judge in Washington to seize the $2 million book advance and any royalties paid to former Trump National Security Adviser John Bolton, who published a tell-all memoir about the Trump administration allegedly without clearing it first with the government for classified material.
The government said in a court filing Thursday that Bolton violated nondisclosure agreements when he released his memoir, The Room Where It Happened, without finishing a National Security Council (NSC) review process to make sure the book did not contain any classified material that could put U.S. national security at risk, according to Bloomberg.
Kodak?
I thought Kodak was long gone along with Buggy Whips, Pet Rocks and Patriotic Democrats...
I wonder if they have any Flashcubes for my Instamatic camera.
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