Read on Twitter
Thread
At 1:34 Cotton talks about eastern Arkansas having one of the biggest steel production areas in the country.
Now, you may have read about Russian oligarchs like Roman Abramovich buying up American steel mills, so my curiosity was aroused. https://twitter.com/CBSThisMorning/status/1127928107279749120
At 1:34 Cotton talks about eastern Arkansas having one of the biggest steel production areas in the country.
Now, you may have read about Russian oligarchs like Roman Abramovich buying up American steel mills, so my curiosity was aroused. https://twitter.com/CBSThisMorning/status/1127928107279749120
2 Steel mills in eastern Arkansas include
Big River Steel
Nucor
Paco Steel
Prospect Steel
Southwest Steel Processing
Big River Steel grabbed my attention searching āsteelā āarkansasā & āoligarchsā with this hit, in which the Koch Brothers benefit from corporate welfare... https://arktimes.com/arkansas-blog/2015/10/11/and-speaking-of-oligarchs-how-arkansas-corporate-welfare-made-kochs-richer
To address this question, letās take a peek at the New York Times story that Arkansas Times references. https://twitter.com/quarkside/status/1128163683375484929?s=21
The loan is from KfW IPEX-Bank and it is backed by the German equivalent of Americaās Ex-Im Bank, which the Koch Brothers eschew, along with ācorporate welfareā ā when their interests are not involved.
This provides an excellent example of #GOPcrisy.
https://www.nytimes.com/2015/10/11/opinion/sunday/corporate-welfare-for-the-kochs.html
This provides an excellent example of #GOPcrisy.
https://www.nytimes.com/2015/10/11/opinion/sunday/corporate-welfare-for-the-kochs.html
Went over to Big River Steel, and find they are home to ārebelsā.
This seems a bit like a dog whistle to me, but then again Iāve never been a fan of the Confederacy or white supremacists who continue to fight the Civil War 150 years later.
http://bigriversteel.com/about/people
This seems a bit like a dog whistle to me, but then again Iāve never been a fan of the Confederacy or white supremacists who continue to fight the Civil War 150 years later.
http://bigriversteel.com/about/people
7
BRS is a private company, established in 2014. It CEO John Correnti was ālead investor and mastermind of the $1.3 billionā plant, also funded by the āmillions in taxpayer subsidies & an equity investment from the Arkansas Teacher Retirement System.ā https://arktimes.com/arkansas-blog/2018/08/30/big-river-steel-up-for-sale-update
BRS is a private company, established in 2014. It CEO John Correnti was ālead investor and mastermind of the $1.3 billionā plant, also funded by the āmillions in taxpayer subsidies & an equity investment from the Arkansas Teacher Retirement System.ā https://arktimes.com/arkansas-blog/2018/08/30/big-river-steel-up-for-sale-update
8
So yadda yadda...letās get to the Russian oligarchs already.
So yadda yadda...letās get to the Russian oligarchs already.
9
In 2003, David Stickler, then at Global Capital Partners, brought together John Correnti & Alexey Mordashov, who at the time, was Russiaās ninth richest man, to build the first American steel mill in six years, in Columbus, Mississippi.
https://www.forbes.com/global/2007/1210/066.html#6655e34a5438
In 2003, David Stickler, then at Global Capital Partners, brought together John Correnti & Alexey Mordashov, who at the time, was Russiaās ninth richest man, to build the first American steel mill in six years, in Columbus, Mississippi.
https://www.forbes.com/global/2007/1210/066.html#6655e34a5438
Alexey Mordashov has all the trappings befitting a respectable Russian billionaire, including the model wife and naturally, a very impressive yacht.
https://www.clubyacht.net/yachts-and-owners/alexei-mordashovs-lady-m-ii/
https://www.clubyacht.net/yachts-and-owners/alexei-mordashovs-lady-m-ii/
11. Severstal, formerly, Cherepovetskly Metallurgical Plant, has the distinction of being the largest Russian headquartered steel producer. https://www.richestrussian.com/101-500/alexeymordashov/
12
Mordashov is rumored to be a very good listener & to do whatever Putin suggests. That helps explain how he landed on the sanctions list.
https://www.cnn.com/2018/01/30/politics/full-us-list-of-russian-oligarchs-with-putin-ties-intl/index.html
Mordashov is rumored to be a very good listener & to do whatever Putin suggests. That helps explain how he landed on the sanctions list.
https://www.cnn.com/2018/01/30/politics/full-us-list-of-russian-oligarchs-with-putin-ties-intl/index.html
13
But whoa Nelly, Iām getting ahead of myself. Letās call that foreshadowing.
Back in 2007, at the Columbus, MS plant, Russian investors bought out the managment team, including Correnti, and SeverCorr became Severstal Columbus.
https://www.djournal.com/news/russians-to-buy-out-severcorr-execs/article_bb098f4e-3439-5196-baf0-f6ea225e690e.html
But whoa Nelly, Iām getting ahead of myself. Letās call that foreshadowing.
Back in 2007, at the Columbus, MS plant, Russian investors bought out the managment team, including Correnti, and SeverCorr became Severstal Columbus.
https://www.djournal.com/news/russians-to-buy-out-severcorr-execs/article_bb098f4e-3439-5196-baf0-f6ea225e690e.html
14. Only a few months after the plant was completed. āRussia's Severstal, once a major dumper of below-cost steel in the United States, has ponied up big bucks to help Correnti, a long-time steel executive, realize his vision.ā
(Screenshots are forever.)
http://www.globalprincipal.com/news_plaindealer.htm
(Screenshots are forever.)
http://www.globalprincipal.com/news_plaindealer.htm
15
So that is where Correnti got the money to start Big River Steel, from the Russian oligarch. It looks like he moved on with David Stickler of Global Principal Partners, who introduced him to Mordashov in the first place.
Stickler is now BSRās CEO.
http://globalprincipal.com/principals.htm
So that is where Correnti got the money to start Big River Steel, from the Russian oligarch. It looks like he moved on with David Stickler of Global Principal Partners, who introduced him to Mordashov in the first place.
Stickler is now BSRās CEO.
http://globalprincipal.com/principals.htm
16
Because *somebody* had to step up and fill those CEO shoes at BRS when Mr. Correnti very sadly died on a business trip to Chicago, before they had even got the plant in Osceola going.
https://www.nytimes.com/2015/08/22/business/john-correnti-steel-industry-executive-dies-at-68.html
RIP
Because *somebody* had to step up and fill those CEO shoes at BRS when Mr. Correnti very sadly died on a business trip to Chicago, before they had even got the plant in Osceola going.
https://www.nytimes.com/2015/08/22/business/john-correnti-steel-industry-executive-dies-at-68.html
RIP
17
Correnti was in Chicago for meeting of Navistarās board of directors on Tuesday August 18, 2015 when he died at age 68 āapparentlyā of natural causes, although āthe cause of death was not immediately known,ā even when NYT reported 3 days later.
https://www.ttnews.com/articles/john-correnti-navistar-board-member-and-ceo-big-river-steel-dies-68
Correnti was in Chicago for meeting of Navistarās board of directors on Tuesday August 18, 2015 when he died at age 68 āapparentlyā of natural causes, although āthe cause of death was not immediately known,ā even when NYT reported 3 days later.
https://www.ttnews.com/articles/john-correnti-navistar-board-member-and-ceo-big-river-steel-dies-68
18
And that might be suspicious AF, If not for the fact that Severstal had sold the Columbus plant and other American properties in 2014 after sanctions kicked in. https://www.reuters.com/article/us-severstal-divestiture-usa/russias-severstal-sells-u-s-steel-plants-to-ak-steel-steel-dynamics-idUSKBN0FQ0D320140721
And that might be suspicious AF, If not for the fact that Severstal had sold the Columbus plant and other American properties in 2014 after sanctions kicked in. https://www.reuters.com/article/us-severstal-divestiture-usa/russias-severstal-sells-u-s-steel-plants-to-ak-steel-steel-dynamics-idUSKBN0FQ0D320140721
19
Looking at steel in eastern Arkansas, it didnāt take long to find a steelmaker with long-established ties to sanctioned oligarchs, David Sticker of a Miami-based investment firm, AND Koch Minerals, all in one neat package.
https://www.amm.com/Article/3842668/Exclusive-Big-River-to-stay-independentCEO.html
Looking at steel in eastern Arkansas, it didnāt take long to find a steelmaker with long-established ties to sanctioned oligarchs, David Sticker of a Miami-based investment firm, AND Koch Minerals, all in one neat package.
https://www.amm.com/Article/3842668/Exclusive-Big-River-to-stay-independentCEO.html
20
And yes, BRS did LEED certified construction, so it is a nice facility and thatās great & ground-breaking.
http://plus.usgbc.org/from-steel-to-silver-and-gold/
But really, how can we ever forget that the Koch father made the family fortune building steel mills for Stalin?
https://www.npr.org/2016/01/19/463565987/hidden-history-of-koch-brothers-traces-their-childhood-and-political-rise
And yes, BRS did LEED certified construction, so it is a nice facility and thatās great & ground-breaking.
http://plus.usgbc.org/from-steel-to-silver-and-gold/
But really, how can we ever forget that the Koch father made the family fortune building steel mills for Stalin?
https://www.npr.org/2016/01/19/463565987/hidden-history-of-koch-brothers-traces-their-childhood-and-political-rise
21
And here we find the Koch Brothers, despite their alleged dislike of ācorporate welfareā sucking, if you will pardon the expression, at the governmentās tit?
Oligarchs gotta oligarch.
Thus, we come to realize that tariffs on Chinese goods is a scheme at taxpayer expense.
And here we find the Koch Brothers, despite their alleged dislike of ācorporate welfareā sucking, if you will pardon the expression, at the governmentās tit?
Oligarchs gotta oligarch.
Thus, we come to realize that tariffs on Chinese goods is a scheme at taxpayer expense.
Itās obvious, @SenTomCotton, that the steel industry is writing the rules and making the rest of the nation pay for their profits. You guys with your corruption make Teapot Dome look like a walk in the park. Nucor, too, is in eastern Arkansas.
https://www.nytimes.com/2018/08/05/us/politics/nucor-us-steel-tariff-exemptions.html
https://www.nytimes.com/2018/08/05/us/politics/nucor-us-steel-tariff-exemptions.html
After the NYT oped debacle, I decided today to google āāTom Cottonā Russian oligarch steelā and the search engine tossed up this month old story on Mordashev and covid.
No mention of Cotton or Arkansas.
https://www.nytimes.com/2020/05/07/world/europe/oligarchs-russia-coronavirus.html
No mention of Cotton or Arkansas.
https://www.nytimes.com/2020/05/07/world/europe/oligarchs-russia-coronavirus.html
