Category Archives: Trump Administration

Trump Halts Federal Retirement Accounts Investing in China

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In February of 2020, this site published an article describing the California Public Pension Fund’s investment in Chinese stocks could lead to national security risks and even spying. The value of the fund is $3.1 Billion. Meanwhile, Speaker Pelosi refuses to approve House committee hearings on anything related to China….

The Chinese Communist Party has both different accounting rules for corporations reporting financial data and or refuses to release any accounting data. How and why Chinese companies are listed on U.S. Stock Exchanges in the first place is an unanswered question and one that is likely being reviewed now by the Securities and Exchange Commission along with several other agencies due to a very contested relationship between the U.S. and China due to the virus outbreak.

Please find linked a complete list of all Chinese companies listed on the NASDAQ, New York Stock Exchange, and NYSE American, the three largest U.S. exchanges. As of February 25, 2019, there were 156 Chinese companies listed on these U.S. exchanges with a total market capitalization of $1.2 trillion.

An asterisk next to the stock symbol indicates a company with at least 30 percent state ownership. As of February 25, 2019, there were at least 11 Chinese state-owned companies listed on the three major U.S. exchanges.

A highlighted row indicates a company that was not included on the Public Company Accounting Oversight Board’s (PCAOB) September 2018 review of non-U.S. companies where the PCAOB is denied access to conduct inspections.

So as an interesting measure to begin measures against China, President Trump issued a letter to the Labor Secretary to halt investments in Federal Savings Plans in Chinese equities.

 

 

 

 

 

 

 

 

 

 

A second letter was sent by the Secretary of Labor to the Thrift Investment Board and that is found here.

Rather than the normal contested and really stupid questions that the media asks during White House daily briefings, there are some real questions that should be asked and they include all things China.

For some context on how China is all over the United States, consider the information below.

For many Chinese companies, their dreams of listing in New York are only on hold.

Some high-profile Chinese stocks listed in the U.S. such as Luckin Coffee, the self-proclaimed Starbucks rival in China, have been rocked following allegations by short-sellers that these companies faked their numbers, accusations that in some cases are now being internally investigated.

The reports are the latest challenge for Chinese initial public offerings in New York, on top of U.S.-China trade tensions and the impact of the coronavirus.

But some in the cross-border IPO business say the listing plans are just delayed, not canceled.

“I do know Chinese companies that are planning to list this summer as soon as after Labor Day,” said Jim Fields, a Shenzhen-based producer of videos for Chinese companies presenting to potential IPO investors in the U.S. China celebrates the holiday on May 1.

Fields noted the new IPO timeframe is a delay of about one to three months.

Last year, 25 Chinese issuers went public in the U.S., in addition to three special-purpose acquisition companies — companies that raise money to buy another — according to Renaissance Capital, which sells IPO-focused exchange-traded funds. That’s down from 32 Chinese listings in 2018, which was double that of the prior year and the most since 2010.

Despite geopolitical and epidemiological challenges in the first three months of this year, seven Chinese companies and three special-purpose acquisition companies went public in the U.S., according to Matthew Kennedy, IPO market strategist at Renaissance Capital.

“We suspect several more had planned to list, but delayed their offerings amid the Covid-19 outbreak,” Kennedy said in an email. “As we noted in our 1Q20 Review, China appears to be the first country emerging from the pandemic, so Chinese companies may also be first to return to the IPO market. However, these financial scandals do reputational damage to Chinese issuers broadly.”

On April 2, Luckin Coffee announced an internal investigation found the chief operating officer fabricated sales by about 2.2 billion yuan ($314 million) from the second to fourth quarter of last year. Shares have plunged more than 80% since the latest disclosure this month, and have been halted for pending news for roughly the last week.

About two months ago, investment firm Muddy Waters said it was shorting, or betting on a decline in the price of the stock, based on an anonymous report that alleged the coffee company fabricated financial and operating numbers beginning in the third quarter of last year. Luckin said at the time the allegations were “misleading and false.”

The company did not respond to a request for comment. Representatives from Nasdaq and the New York Stock Exchange were not available for interviews for this story.

Other high-profile U.S.-listed stocks have come under scrutiny in the last several days.

Shares of video streaming site iQiyi, which is majority-owned by search giant Baidu, dipped last week after a report by Wolfpack Research alleged the video company inflated revenue by about $1 billion to $2 billion. Muddy Waters said it assisted Wolfpack with the report and is also betting against iQiyi’s stock. The Chinese company said in a statement it believed the report contained “errors” and was “misleading.”

China's hottest companies - Tal Education (8) - CNNMoney

Tutoring company TAL Education announced last week it suspected an employee of inflating sales for its “Light Class” product, which accounts for about 3% or 4% of the company’s total estimated revenues. TAL said the employee has been taken into custody by the local police. More here.

Grenell is on a Mission to Expose the Unmaksing Scandal

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Primer: (Hint, Flynn was not a target to be unmasked, but remember the name Mary McCord and the unmasking list will be fascinating)
Back in 2017 to set up what is about to happen in coming days –>

The chairman of the House Intelligence Committee is accusing top political aides of President Obama of making hundreds of requests during the 2016 presidential race to unmask the names of Americans in intelligence reports, including Trump transition officials.

Intelligence Chairman Devin Nunes (R-Calif.), in a letter to Director of National Intelligence Dan Coats, said the requests were made without specific justifications on why the information was needed.

“We have found evidence that current and former government officials had easy access to U.S. person information and that it is possible that they used this information to achieve partisan political purposes, including the selective, anonymous leaking of such information,” Nunes wrote in the letter to Coats.

The letter was provided to The Hill from a source in the intelligence community.

In March, Nunes disclosed that he had seen data suggesting Trump campaign and transition officials were having their names unmasked by departing officials in the Obama White House.

National Security Adviser Susan Rice and CIA Director John Brennan have acknowledged making such requests though they insisted the requests were for legitimate work reasons.

Nunes recused himself from his committee’s work on its investigation over Russia’s meddling in the 2016 campaign after a controversy over his charges about Obama-era unmasking.

The chairman had reviewed intelligence reports on White House grounds that he said showed unmasking of Trump officials by Obama aides. Democrats accused him of working with the White House to make the disclosures.

In Thursday’s letter, Nunes said the total requests for Americans’ names by Obama political aides numbered in the hundreds during Obama’s last year in office and often lacked a specific intelligence community justification. He called the lack of proper justifications a “serious deficiency.”

His letter noted requests from senior government officials, unlike career intelligence analysts, “made remarkably few individualized justifications for access” to the U.S. names.

“The committee has learned that one official, whose position had no apparent intelligence related function, made hundreds of unmasking requests during the final year of the Obama administration,” Nunes wrote. “Of those requests, only one offered a justification that was not boilerplate.”

Sources familiar with the Nunes letter identified the official as then-U.N. Ambassador Samantha Power.

Power did not immediately respond to a request for comment.

Nunes also wrote that “Obama-era officials sought the identities of Trump transition officials within intelligence reports.”

Nunes said he intends to introduce legislation to address concerns about the unmasking process impacting Americans’ privacy.

Ordinarily, Americans whose email or phone data or conversations are intercepted by the National Security Agency without a warrant overseas are legally required to have their names redacted or masked with descriptions like “U.S. person 1” to protect their identities in intelligence reports.

But beginning in 2011, Obama loosened the rules to make it easier for intelligence officials and his own political aides to request that the names be unmasked so they could better understand raw intelligence being gathered overseas.

The change has been criticized by liberal groups like the ACLU and conservatives like Nunes because of the privacy implications.

***  Mission Possible – DNI Richard Grenell Delivers Satchel of ...

Media late last week showed Ambassador Ric Grenell and Acting DNI Director walking into the Department of Justice holding a satchel. Now we may know the contents.

In part from ABC News:

Acting Director of National Intelligence Richard Grenell has declassified a list of former Obama administration officials who were allegedly involved in the so-called “unmasking” of former national security adviser Michael Flynn in his conversations with the former Russian ambassador during the presidential transition, a senior U.S. official tells ABC News.

Grenell, who remains the U.S. ambassador to Germany along with being the acting DNI, visited the Justice Department last week and brought the list with him, according to the official.

His visit indicates his focus on an issue previously highlighted in 2017 by skeptics of the investigation into the Trump campaign’s contacts with Russia, specifically allegations that former officials improperly unveiled Flynn’s identity from intercepts of his call with former Russian ambassador Sergey Kislyak.

In May 2019, Trump empowered Barr with declassification authority for his broader investigation into the Russia probe.

While the law requires that identifying information of U.S. persons picked up during foreign surveillance be “masked,” high-ranking intelligence officials can request the identities be revealed if they feel the information is necessary to further understand the intercepts.

Former Obama national security adviser Susan Rice has openly acknowledged unmasking the identities of some senior Trump officials during the presidential transition but has strenuously denied ever leaking any identities and said nothing she did was politically motivated. More here.

 

DNI/Grenell Gives Adam Schiff Ultimatum

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Hey Adam….the transcripts are ready….are you? Release the documents.

Transcripts of closed-door interviews from Russia probe ... source

EXCLUSIVE — DNI TO SCHIFF: THE TRANSCRIPTS ARE READY TO RELEASE. A big development in the fight over 53 secret interviews the House Intelligence Committee conducted during its Trump-Russia investigation. Acting Director of National Intelligence Richard Grenell has sent a letter to chairman Adam Schiff notifying him that transcripts of all 53 interviews, over 6,000 pages in all, have been cleared for public release. “All of the transcripts, with our required redactions, can be released to the public without any concerns of disclosing classified material,” Grenell wrote to Schiff in a letter dated May 4.

The Intel Committee did the first probe into Russia’s 2016 campaign interference and allegations of Trump-Russia collusion. Even today, its findings make up most of what we know about the affair. As part of that investigation — it was run by then-majority Republicans — the committee interviewed some key witnesses in the Trump-Russia matter: Donald Trump Jr., Steve Bannon, Andrew McCabe, Sally Yates, Michael Cohen, Hope Hicks, and many more.

list2

The interviews were conducted in secret. But by September 2018, with the committee’s report long finished and made public, the Republicans who still controlled the committee decided the interview transcripts should be released to the public. In a rare moment of comity, Democrats agreed, and on September 26, 2018, the committee voted unanimously to release the transcripts. But there was a catch: The documents would have to first be checked for classified information by the Intelligence Community. So off they went to the IC — never to be seen again.

Now, in May 2020, they’re still secret. Two weeks ago, the Wall Street Journal editorial board reported that the IC had finished its review of 43 of the transcripts, but Schiff was refusing to release them. The paper said Schiff was also preventing declassification of the remaining ten transcripts.

In the letter, Grenell revealed that the 43 transcripts have been finished since June 2019. Schiff has been sitting on them all that time. Grenell said the final ten have just been finished as well. “I urge you to honor your previous public statements, and your committee’s unanimous vote on this matter, to release all 53 cleared transcripts to Members of Congress and the American public as soon as possible,” Grenell said. Just in case Schiff is still not interested, Grenell added, “I am also willing to release the transcripts directly from the Office of the Director of National Intelligence, as to ensure we comply with the unanimous and bipartisan vote to release the transcripts.”

One more thing. In March 2019 — that was when Democrats were newly in charge of the House and considering impeaching President Trump over the Russia matter — Schiff requested that the DNI “under no circumstances…share House Intelligence Committee transcripts with the White House, President Trump, or any persons associated with the White House or President.” Some Republicans viewed that as a dubious request, since some of the witnesses came from the White House. Nevertheless, Grenell complied. “Pursuant to your guidance, these transcripts have not been shared with the White House,” he wrote to Schiff.

The next move is up to Schiff. The chairman has shown no hesitation to keep secrets even when they involve non-classified information of great national interest. For example, Schiff is still concealing the committee’s impeachment inquiry interview with Michael Atkinson, at the time the Intelligence Community Inspector General, in the Ukraine matter. As for the Trump-Russia interviews, Republicans remember when Schiff claimed he had “direct evidence” of collusion — a charge special counsel Robert Mueller was never able to establish. Some GOP lawmakers believe the transcripts will help show that Schiff was making it up all along. It’s time for the public to learn that, too.

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When Schiff continues to lie —> update: Schiff is moving to release them but not without trying to place blame.

Schiff accused the White House of “hijacking” the process during an interview with Politico in September. The outlet reported at the time that “Schiff still intends to release the bulk of the Russia transcripts in the near future.” Nearly a year later, he had not done so.

“All of the transcripts, with required redactions can be released to the public without any concerns of disclosing classified material,” Grenell’s letter said. “In the interests of transparency and accountability, I urge you to honor your previous public statements, and your Committee’s unanimous vote on this matter, to release all 53 cleared transcripts to all Members of Congress and the American public as soon as possible.”

The acting spy chief added: “I am also willing to release the transcripts directly from the ODNI, as to ensure we comply with the unanimous and bipartisan vote to release the transcripts.”

The declassification process by the ODNI was expected to take just a few weeks or months. Nearly two years later, GOP lawmakers and Trump administration officials blamed Schiff for the delay.

“Adam Schiff is thwarting the will of the House Intelligence Committee as expressed in the bipartisan vote in September 2018 to make these transcripts public,” one senior intelligence official told the Washington Examiner late last month. “He has appointed himself arbiter of what the public should see and has refused to allow the White House to review its own equities, making declassification of 10 of the transcripts impossible. It’s difficult to imagine any motive other than Schiff is still trying to control the narrative on Russia collusion.”

Schiff’s spokesperson said Wednesday, “We are now reviewing the proposed redactions from ODNI based on classification, law enforcement sensitivity, or items ODNI requests be for official-use only.” The official also cast doubt on the trustworthiness of the redactions, claiming that, “given the overtly political role now played by the Acting DNI, including the leak of his letter, this committee and the public can have little confidence that his determinations are made on the merits.”

The spokesperson added: “Our review of ODNI’s newly proposed redactions will be as expeditious as possible given the constraints of the pandemic, and we look forward to releasing these transcripts, which relate to misconduct by the Trump campaign and the president himself.”

Special counsel Robert Mueller’s 448-page report, released in April 2019, said his investigation found the Russians had interfered in the 2016 election in a “sweeping and systematic fashion” but that it “did not establish” any criminal conspiracy between the Trump campaign and Russia.

Led by Rep. Jim Jordan of Ohio, the ranking member on the House Oversight Committee, 27 GOP lawmakers said in a Tuesday letter that the delay was Schiff’s fault.

“We understand now that Chairman Schiff is blocking the release of these transcripts. This news, if accurate, is disturbing — especially in light of Chairman Schiff’s cries in 2019 for transparency regarding allegations that the Trump campaign colluded with Russia,” the congressmen said.

The 10 transcripts that Schiff successfully blocked the White House from viewing are from interviews of Trump son-in-law and White House senior adviser Jared Kushner, former chief executive for the Trump campaign Steve Bannon, former Obama deputy national security adviser Ben Rhodes, former Attorney General Loretta Lynch, former Deputy Attorney General Sally Yates, former U.S. Ambassador to the United Nations Samantha Power, former Obama national security adviser Susan Rice, former Trump campaign manager Corey Lewandowski, former White House deputy assistant Keith Schiller, and Mary McCord, a former assistant attorney general for national security who was involved in the FBI’s Russia investigation.

Among the 43 other witness interviews was testimony by former Director of National Intelligence James Clapper, Donald Trump Jr., White House adviser Hope Hicks, longtime Trump friend and recently convicted “fixer” Roger Stone, former Clinton campaign chairman John Podesta, and former FBI Deputy Director Andrew McCabe. Perkins Coie lawyers Michael Sussman, a former DOJ lawyer who passed along alleged details about Russian interference to former FBI general counsel James Baker, and Marc Elias, the chairman who was the Clinton campaign’s general counsel and who hired Fusion GPS on behalf of the campaign, were also among them.

 

 

Operation Warp Speed

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The mission is for the United States to have the ability to inoculate 300m people by January 2021. In collaboration between Health and Human Services, the FDA and the Department of Defense, the DOD has a unique division known as The Research Regulatory Oversight Office (R2O2) which is the P&R component level oversight office for the authorities and responsibilities under Department of Defense (DoD) Instruction 3216.01, “Use of Animals in DoD Programs.” The R2O2 manages animal care and use review and oversight processes for research conducted and supported by the Uniformed Services University of the Health Sciences and the Armed Forces Radiobiology Research Institute, both of which are accredited by AAALAC as is required for all DoD institutions housing animals for Research, Development, Testing and Evaluation or training.

U.S. Department of Defense and FDA collaborate to help speed ... source

***

The Trump administration is organizing a Manhattan Project-style effort to drastically cut the time needed to develop a coronavirus vaccine, with a goal of making enough doses for most Americans by year’s end.

Called “Operation Warp Speed,” the program will pull together private pharmaceutical companies, government agencies and the military to try to cut the development time for a vaccine by as much as eight months, according to two people familiar with the matter.

As part of the arrangement, taxpayers will shoulder much of the financial risk that vaccine candidates may fail, instead of drug companies.

The project’s goal is to have 300 million doses of vaccine available by January, according to one administration official. There is no precedent for such rapid development of a vaccine.
Last month, Trump directed Health and Human Services Secretary Alex Azar to speed development of a vaccine, and administration officials have been meeting on the effort for three to four weeks, one of the people said. A meeting on the project was scheduled at the White House on Wednesday.

The people familiar with the project and the administration officials asked not to be identified because it hasn’t yet been publicly announced.

A spokesman for the Department of Health and Human Services, Michael Caputo, said the president refused to accept the timeline for standard vaccine development and encouraged a breakthrough process.
Speeding Up

Vaccine development is typically slow and high risk. The project’s goal is to cut out the slow part, the people said. Operation Warp Speed will use government resources to quickly test the world’s most promising experimental vaccines in animals, then launch coordinated human clinical trials to winnow down the candidates.
The group is discussing which Americans might be vaccinated first, as the medicines would likely roll off production lines in batches, one of the people said. The project would be funded from money already available to the government and won’t require new authority from Congress, one of the people said.

There are at least 70 different coronavirus vaccines in development by drugmakers and research groups, according to the World Health Organization. But drugmakers have not coordinated their efforts to the extent they could through the Warp Speed project, one of the people said.
Under the effort, the Defense Department would make its animal research resources available for pre-clinical work on vaccines.

The group is also discussing the use of what’s known as a master protocol to test the vaccines. Instead of multiple clinical trials run by each drugmaker, competing for patients and resources, the government would organize one large trial to test several vaccines at once and advance the most promising ones.
Oxford Vaccine

The Trump administration isn’t alone in trying to fast-track a vaccine. One of the world’s most promising vaccine candidates has been developed by a team at Oxford University in London. Last month, scientists at the U.S. National Institutes of Health innoculated six rhesus macaques with the Oxford vaccine and then exposed them to the coronavirus, the New York Times reported.

All six were healthy more than four weeks later, according to the Times. The researchers are currently testing their vaccine in 1,000 patients and plan to expand to stage two and three clinical trials next month involving about 5,000 more people.

The Oxford group told the Times they could have several million doses of their vaccine produced and approved by regulators as early as September.

In the U.S., the Bill & Melinda Gates Foundation has meanwhile shifted much of its research effort to the coronavirus virus.

One of the people familiar with Operation Warp Speed drew a distinction with the Oxford group, describing the U.S. effort as broader in scope. It’s unclear which vaccine candidates would be part of Operation Warp Speed, or whether it would include the Oxford vaccine.

More than 1 million cases of coronavirus have been confirmed in the U.S., and at least 58,000 people have died from the illness it causes in the last two months. Widespread social-distancing measures have helped slow the spread, but at the cost of millions of jobs and losses to the economy that experts fear will take years to recover.

Along with wider diagnostic testing for the virus and an effective therapeutic drug, a vaccine is one of the key tools for reducing long-term risk from the virus. Testing can help contain an outbreak in its early stages, or after it’s been curbed enough to manage. A therapy can help those who get sick, reducing the risk of death and the burden on hospitals.

Gilead Sciences Inc. announced Wednesday that in a trial conducted by Fauci’s agency, the U.S. National Institute of Allergy and Infectious Diseases, its experimental coronavirus therapy remdesivir helped patients recover faster than under standard care. More here from Bloomberg

A Deeper Dive on the World Health Organization

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Hold on…it is gonna be a rough ride….President Trump must not only investigate but for sure suspend funding….the reasons go way beyond the recent scandalous headlines.

Given the tight relationship between Dr. Tedros Adhanom, the Director and the Chinese Communist Party, it is a certainty that WHO is in possession of the report noted below:

Chinese researchers initially pointed to the possibility of a lab accident in a study published in February on ResearchGate. “The killer coronavirus probably originated from a laboratory in Wuhan,” wrote researchers — although they also raised the possibility of natural transmission. “Safety level may need to be reinforced in high risk biohazardous laboratories,” continued Botao Xiao and Lei Xiao of Guangxhou’s South China University of Technology.

and then there is this –> The possibility that the virus leaked during a lab accident “is being seriously considered” within the U.S. government, according to another recently retired senior national security official, who pointed to the State Department’s 2019 compliance report on arms control, nonproliferation and disarmament. The report notes that Chinese officials have failed to reassure inspectors they are obeying the Biological Weapons Convention, including by not providing information about research on “numerous toxins with potential dual-use application.”  More here.

From my friend Adam Andrzejewski with his Forbes piece on funding the WHO…the money that flowed in recent years to WHO is remarkable.

With his recent vow to halt and reassess all aid to the World Health Organization (WHO), President Trump legitimized critics who allege that the agency shielded information from the world about the lethality of the coronavirus and its ability to spread by human-to-human contact.

The WHO delegation highly appreciated the actions China has implemented in response to the outbreak, its speed in identifying the virus and openness to sharing information with WHO and other countries.

World Health Organization | January 28, 2020 | Beijing

The most likely presidential policy response will be to re-purpose all or most federal money from the WHO. If done in this manner, the president must notify Congress, but has the executive power to reallocate the monies to other organizations. Therefore, legitimate programs will continue to help humanity.

Responding to our request for comment, the White House, Office of Management and Budget provided a fact sheet detailing the WHO’s “corruption and abuse.”

The W.H.O. really blew it. We will be giving that a good look.

President Donald J. Trump
Our auditors at OpenTheBooks.com reviewed all disclosed grants by federal agencies to the WHO since 2010 and found that $3.5 billion in taxpayer money funded the WHO during this period.

What’s more, only $611.1 million of that funding came from “assessed dues” required by participating countries. The U.S. government voluntarily sent the WHO roughly $2.9 billion more than their required contribution. It’s no surprise that, annually, the United States is the largest funder of the WHO.

We also found that federal funding of the WHO remained strong during the Trump era. We compared the first three years of the Trump administration (FY2017-FY2019) to the first three years during the second term of President Barack Obama’s administration (FY2013-FY2015).

The WHO received more money under Trump than Obama (inflation adjusted): $1.4 billion versus $1.1 billion.

Since 2010, the Agency for International Development (USAID) has led all federal agencies with $1.5 billion in grants to the WHO. Roughly half the USAID grant money funded three programs: humanitarian programs ($345.7 million); polio eradication efforts ($307.8 million); and efforts to eliminate tuberculosis ($116.6 million).

Other programs include efforts in Iraq, Afghanistan, Yemen, Libya, Sri Lanka, Sudan, and Pakistan and included gender-based anti-violence initiatives; life-saving healthcare services to vulnerable populations; and assistance in floods, emergencies, and to war-torn communities.

USAID efforts through the WHO and other international humanitarian aid agencies were singled out in a blistering USAID Inspector General report in 2018, Insufficient Oversight of Public International Organizations Puts U.S. Foreign Assistance Programs at Risk.

As of January 2018, Office of Inspector General (OIG) investigations in the region have resulted in the suspension or debarment of several dozen individuals and organizations, 20 personnel actions, and the suspension of $239 million in program funds under investigation.

USAID Office of Inspector General

The U.S. Department of State gave $820 million to the WHO since 2010. The largest portion of the money consisted of “assessments” or dues to the organization which amounted to $611.1 million. In addition, the State Department funded programs for “general assistance” ($95 million); “refugee” health ($17.3 million); “peacekeeping” ($15.9 million); and emergency vaccines ($2 million).

Here’s an overview of programs funded by other U.S. federal agencies such as the Centers for Disease Control (CDC) ($1 billion), Food and Drug Administration (FDA) ($30 million), National Institutes of Health (NIH) ($13.5 million), Department of Defense ($10 million) and the Environmental Protection Agency ($3.2 million) at the WHO since 2010:

  • Immunizations, Research, Demonstration, and Public Education/Information: $524.1 million — Through the Department of Health and Human Services and Centers for Disease Control, this funding was spent on WHO programs for the eradication of polio around the world. These grants were centralized through WHO headquarters in Geneva, Switzerland.
  • Global AIDS: $134.8 million — The Department of Health and Human Services and the Centers for Disease control funded support services and the strengthening of public health guidelines around the world to mitigate global AIDS.
  • Ebola virus: $73.5 million — In July 2019 and January 2020, the Congo received $15 million in Ebola eradication grants from the Trump administration specifically earmarked for the provinces of North Kivu and Ituri. The rest of the funding flowed through WHO headquarters in Geneva, Switzerland, with the majority of the funding between the fiscal years 2015 and 2017.
  • Biomedical research: $37.9 million — The National Institutes for Health (NIH) collaborated with the WHO on biomedical research. These programs included research on allergies, infectious diseases, and immunology. The transactions show that most funding was for “accelerated public health and biomedical research in priority public health objectives.”

The coronavirus pandemic is testing the World Health Organization. Just like any other health care body, every aspect of their operation will receive scrutiny during these times of insecurity and crisis.

Our analysis of WHO funding by U.S. federal agencies shows that taxpayers have been generous and deserve to know how their money is being spent.

Until recently, American commitments remained strong.

Note: All federal government funded delineated in this piece was disclosed through the Federal Funding Accountability and Transparency Act of 2006, co-sponsors Sens. Tom Coburn (R-OK) and Barack Obama (D-IL). (Public Law 109-282, 109th Congress)

Then there is the matter of the CDC…we will cover that another time.