Joe bidens brother to build 100,000 homes in Iraq!!

[IQD1217]

Www.foxbusiness.com/government/2012/10/22/Biden-ties-eyed-in-hillstone-Iraq-deal/#ixzz2a9vucgnp

****Mod Edit******************Link does not work********************* Use the one below

Fox Business

Edited October 25, 2012 by TexasGranny
Corrected link to article

[VARusso]

The link doesn't work.. This one does...

http://www.foxbusiness.com/government/2012/10/22/biden-ties-eyed-in-hillstone-iraq-deal/

Biden has got to go...

[Goldiegirl]

Can't wait to hear what Zig has to say....come on Zig..don't let me down...

[zigmeister]

The link doesn't work.. This one does...

http://www.foxbusiness.com/government/2012/10/22/biden-ties-eyed-in-hillstone-iraq-deal/

Biden has got to go...

Why? I think this is excellent news. It means to me, that he is taking a big step forward in building Iraq. So he goes more US citizens with green will follow. Isn't this what we want to see? Building infrastructure, building homes they sorely need, employing Iraqi's as well. So they make some green, Iraqi's have affordable homes that otherwise is sorely lacking.

[TexasGranny]

Here is the article.

David Richter, the president of Hill International (HIL), a mid-sized outfit that manages construction projects, was speaking last year at a private meeting with investors

when he was asked about the recent success of his newest subsidiary, HillStone International.

How was it that HillStone, a newcomer in the business of home building, landed a massive and potentially lucrative contract to build 100,000 homes in war-torn Iraq?

Richter didn’t mince words. It really helps, he said, to have “the brother of the vice president as a partner,” according to a person who was present.

The “brother” Richter was referring to during the meeting is James Biden, the younger brother of Vice President Joe Biden.

Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in

residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe,

of James Biden’s connections to the Obama Administration through his older brother.

Indeed, the Iraq project may be the most lucrative single development in Hill’s history. Since 2011, Hill, located in Marlton, NJ., has been losing money; the shares

were recently trading at $3.82, down about 28% this year on New York Stock Exchange trading.

And some analysts remain dubious about the completion of the Iraq project, including those at Sidoti & Company, which slashed earnings estimates on Friday.

But if company officials are to be believed -- and there’s good reason to believe them given Hill’s connections to the Obama Administration -- Hill will be solidly

profitable once the Iraq development gets underway. Company officials say the Iraq project is slated to generate $1.5 billion in revenues over the next three years,

more than three times all the revenues Hill produced in 2011.

“I think these guys will come through,” said one former Hill executive who had worked on the development. “You have to realize that these guys are relentless

businessmen and they have the right connections.”

And if the deal does happen, a chunk of that $1.5 billion will flow to the biggest connection Hill has to government: James Biden. Hill International owns a 51%

stake in HillStone; a group of minority partners, including Biden, hold the rest. That means that the minority partners would split roughly $735 million, pocketing

millions of dollars even after expenses are paid.

“There’s plenty of money for everyone if this project goes through,” said Hill International’s chief executive, Irv Richter, who founded the company 40 years ago.

James Biden, for his part, declined repeated attempts by FOX Business to comment on Iraq and his larger role at Hill, which now includes selling affordable

housing developments, particularly in third-world countries. Press officials for Vice President Biden didn’t respond to an email or a telephone call for comment.

The Right Man for the Job?

James Biden’s bio on the Hill website touts his “40 years of experience dealing with principals in business, political, legal and financial circles across the

nation and internationally” that “enable him to understand the needs and perspectives of government, financial and development leaders to effectively negotiate

and implement low-cost housing objectives both domestically and abroad.”

But the bio cites no specific business-related post that he has held in the past, though it says that at “the age of 22, (James) Biden was the finance chairman of

his then 29-year-old brother's bid for a U.S. Senate seat in Delaware and successfully enlisted the support of national unions, political leaders and financiers across the country.”

Also not disclosed is that he is a minority partner in HillStone, in line to earn significant sums of money if the project is completed, Richter conceded in an interview.

And James Biden might have his brother Joe to thank, at least according to Wall Street analysts who cover the company. In discussions with analysts, Hill International

officials haven’t been bashful about pointing to their connections to the Obama Administration when explaining why they remain hopeful that even after months of delay

they believe the Iraq project will begin, possibly as early as the end of the year.

“When asked about these topics, David Richter has said that the company has access to senior levels of government,” said one analyst.

David Richter, the 45-year-old son of Irv Richter, declined several requests to comment for this report.

Irv Richter, 67, says that while the company utilizes James Biden’s political skills, neither politics nor the pull of his older brother contributed

to Hill winning the Iraq deal or any other since James Biden joined the company in late 2010.

“It’s just the opposite,” Richter said. “We have to be careful not to use his name because people might not like his brother Joe Biden.

So it’s not likely to get you a job, but cost you a job.”

It's Not What You Know But Who You Know

Still, Richter concedes that the Obama Administration has played a role in landing the assignment for Hill—and that James Biden’s

political skills often come in handy. The 100,000-unit development won by HillStone is part of a $35 billion, 500,000-unit project deal

won by TRAC Development, a South Korean company that Richter says has close ties to the Iraqi government.

Richter says Hill has contacts in both Iraqi government and the State Department, the result of years of managing construction projects

in the Middle East. As for which party was more responsible for helping the firm win the Iraqi deal, Richter said, “I don’t know who called who.”

But he does know that James Biden is a valuable employee—particularly when the government and his business overlap. “He knows

how to deal with government officials; that’s his skill,” Richter said. “He makes people from foreign countries comfortable we’re not

going to steal their money.”

“After all, he’s also been with his brother a long time,” Richter adds.

Having an older brother who’s the vice president certainly has its benefits. Analysts point to some lucrative deals directed to Hill from

the federal government, including a $22 million contract awarded to Hill International earlier this month to manage the construction of

offices for the State Department.

Then there’s the Iraq deal. In the press release announcing the Iraq project, TRAC Development’s chairman, Chong Min Mun, cited

Hill’s “cost efficient methodology” for building homes.

He could have also added Biden’s access to senior members of the government, including those in South Korea. Just months after

the deal was announced, James Biden and his wife Sara were guests of President Obama and his wife Michelle for a state dinner

honoring the president of South Korea, Lee Myung-bak, according to a guest list obtained by FOX Business.

Also in attendance was Vice President Joe Biden, his wife and slew of U.S. and South Korean officials, including Treasury Secretary

Tim Geithner and senior economic adviser Valerie Jarrett, the guest list shows. (A spokesman for TRAC didn’t return a call for comment.)

During the recent vice presidential debate, Republican nominee Paul Ryan and Vice President Biden sparred over charges that the

Obama Administration practices “crony capitalism,” where companies with political ties to the administration receive preferential

treatment in business opportunities doled out by the White House.

It is unclear if Hill relied on Biden’s relationship with his brother or anyone else in government to win either the Iraq deal or any

other business. But Richter has a long and somewhat colorful history straddling the nexus between government and the business world.

Colorful Past

Irv Richter founded Hill International in 1976. He soon emerged as a major campaign contributor to the New Jersey Democratic Party,

benefiting from business handed out by the politicians he had supported. In fact, he once told the Philadelphia Inquirer: “If your

competition has access because they've been political contributors, and you don't, you're going to be at a serious disadvantage."

Richter, for his part, says he still remains politically active, though he gives money mostly to friends who are in politics, like the US Senator

from New Jersey, Robert Menendez, whom he has given $5,000 since 2011. Richter also gave $5,000 this year to the US Senator from

New York, Charles Schumer, according to the Center for Responsive Politics.

Hill International announced its “newly-created subsidiary,” HillStone International, in September 2010, with the appointment of the outfit’s

president, Kevin Justice, an executive at land developer the Falcon Group. Also among those initially hired were chief financial officer

Bruce Prolow, a financial executive who worked at J.P. Morgan Chase, and senior vice president Steven Nicklaus, the son of golfing great

Jack Nicklaus, who in addition to running a sports marketing firm and building golf courses, is a close friend and business associate of Justice.

The Richter’s had big plans for HillStone. Hill International since its inception had specialized in managing construction projects, not the

actually building of offices or homes. HillStone represented the company’s first major foray into the building side of the construction business.

From the start, friend-and-family connections were everywhere. Justice had known the Richters for years. “Irv and Kevin’s father were good friends,”

said one person who knows both men. Another friend of Justice was James Biden. Justice grew up in Delaware and had been friends of

Joe Biden’s sons, Beau and Hunter, and much of the extended Biden clan, including the vice president.

A Good Salesman

What made James Biden such a good choice to work at a construction company? Friends offer varying accounts. Marc LoPresti, an attorney

who does work for Biden, describes his client as a successful “serial entrepreneur,” though he declined to state which businesses

James Biden created.

Richter describes Biden’s skill as “business development, which is a nicer way to saying he’s a good salesman.” Biden also had a brief

and embarrassing foray into hedge funds, starting hedge-fund company Paradigm Global along with Joe Biden’s son, Hunter.

In 2009, the two settled a lawsuit brought by a former business associate, Anthony Lotito, who said the Bidens reneged on their

commitment to make him part owner, thus depriving him of millions of dollars in profits.

The Bidens denied the charges and reached a confidential settlement, but not before Lotito caused a bit of a stir when he alleged that

Hunter Biden was brought on only as a favor to Joe Biden, who was planning to run for president in 2008. Hunter Biden was a lobbyist

in Washington at the time.

James Biden denied the charge, but the bad press didn’t end there. Around the same time it was also disclosed that Paradigm had

connections to then-accused Ponzi schemer Allen Stanford. The fund was sold through outfits that Stanford controlled as he was facing

federal charges for running an $8 billion fraud. Stanford is now serving a 110-year prison sentence. The Bidens denied any knowledge

of Stanford’s activities and weren’t charged in the matter.

Still, the headlines hurt business, and investors began redeeming shares, forcing Paradigm to wind down its operations and liquidate,

said LoPresti, the fund’s lawyer.

Even with these issues, former business associates say James Biden is a wealthy man, estimating his net worth at around $7 million.

By the end of 2010, James Biden found his next job as a member of the Hill team, according to the press release announcing his appointment.

The press release discussed Biden’s vast experience in dealing with “principals in business, political, legal and financial circles,” though

it left out his hedge fund work.

Biden joined the company just as HillStone was starting its negotiations to win the Iraq deal. Justice believed he had a groundbreaking

technology that would be perfect for a war-ravaged country in need of affordable housing: Spraying concrete on wire and steel shells to

produce housing that could be shipped quickly and cheaply.

Over the next six months, Justice traveled to Iraq, as did Irv Richter, to meet with various government officials and executives at TRAC

Development. Richter said Biden wasn’t involved in the negotiations, but other former company officials say they believe he may have

played a behind-the-scenes role.

About six months after Biden joined the firm, Hill announced that it was appointed by TRAC to build 100,000 homes. The company said

the deal was worth $1.5 billion—and possibly more—if the financing materializes. Company officials told analysts that since TRAC is

slated to build 500,000 homes, Hill might get the entire job.

At the time, the company said with the deal it had tripled its backlog of pending projects, from $800 million to $2.3 billion. Shares, which

had been hammered by the recession and the real estate slump, soared around 60%.

For the HillStone partners -- including Biden -- it was potentially lucrative as well. Hill International was slated to receive 51% of the

$1.5 billion in revenues. That meant the partners, including Justice and James Biden, would be divvying up roughly $735 million, minus expenses.

But the celebration didn’t last long. The financing for the deal was supposed to come from the Iraqi government, but faced multiple delays

that continue even today. Then the partners began to bicker. Irv Richter said he wanted Justice to put up more money to cover his expenses.

Justice has told people that something more sinister was at work: Richter and Biden were now looking to dilute his ownership stake in the

deal and control all the money if the deal went through. Justice has told people that by the beginning of 2012, Richter threatened to stop

paying him a salary unless he put more money into the deal.

Richter said Hill had already put $1.2 million into the deal, and just $750,000 came from Justice and his team—most of it from Steve Nicklaus.

“Justice doesn’t have two dimes to rub together,” Richter said. “Steve (Nicklaus) is the money guy.”

Justice has told people that he then asked Biden and Bruce Prolow, the CFO, for the additional funds. Both declined, and sometime in

February 2012, he and Nicklaus were forced to leave Hill. Justice has since started his own development firm. (Prolow through a Hill

spokesman declined comment; Justice and Nicklaus had no comment).

Richter, for his part, says there were no secret plan to oust Justice, who he says might get paid for the Iraq job if and when construction

begins. He says he kept Biden and Prolow at Hill because he likes their work.

But that might not last for much longer. Richter says James Biden may be a goner as well, particularly if he doesn’t generate new business.

HillStone has now been incorporated into Hill International, and renamed Hill Housing. Its goal: To build affordable housing, particularly

in the third world where he sees great demand.

That said, Richter doesn’t doubt that James Biden’s famous last name will open a few doors.

“Listen, his name helps him get in the door, but it doesn’t help him get business,” Richter said of Biden. “People who have important

names tend to get in the door easier but it doesn’t mean success. If he had the name Obama he would get in the door easier.”

Read more: http://www.foxbusiness.com/government/2012/10/22/biden-ties-eyed-in-hillstone-iraq-deal/#ixzz2AK8dKoUH

[dklll]

It is, who you know not what you know.

[TPSprayduster]

Here is the article.

David Richter, the president of Hill International (HIL), a mid-sized outfit that manages construction projects, was speaking last year at a private meeting with investors

when he was asked about the recent success of his newest subsidiary, HillStone International.

How was it that HillStone, a newcomer in the business of home building, landed a massive and potentially lucrative contract to build 100,000 homes in war-torn Iraq?

Richter didn’t mince words. It really helps, he said, to have “the brother of the vice president as a partner,” according to a person who was present.

The “brother” Richter was referring to during the meeting is James Biden, the younger brother of Vice President Joe Biden.

Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in

residential construction. And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe,

of James Biden’s connections to the Obama Administration through his older brother.

Indeed, the Iraq project may be the most lucrative single development in Hill’s history. Since 2011, Hill, located in Marlton, NJ., has been losing money; the shares

were recently trading at $3.82, down about 28% this year on New York Stock Exchange trading.

And some analysts remain dubious about the completion of the Iraq project, including those at Sidoti & Company, which slashed earnings estimates on Friday.

But if company officials are to be believed -- and there’s good reason to believe them given Hill’s connections to the Obama Administration -- Hill will be solidly

profitable once the Iraq development gets underway. Company officials say the Iraq project is slated to generate $1.5 billion in revenues over the next three years,

more than three times all the revenues Hill produced in 2011.

“I think these guys will come through,” said one former Hill executive who had worked on the development. “You have to realize that these guys are relentless

businessmen and they have the right connections.”

And if the deal does happen, a chunk of that $1.5 billion will flow to the biggest connection Hill has to government: James Biden. Hill International owns a 51%

stake in HillStone; a group of minority partners, including Biden, hold the rest. That means that the minority partners would split roughly $735 million, pocketing

millions of dollars even after expenses are paid.

“There’s plenty of money for everyone if this project goes through,” said Hill International’s chief executive, Irv Richter, who founded the company 40 years ago.

James Biden, for his part, declined repeated attempts by FOX Business to comment on Iraq and his larger role at Hill, which now includes selling affordable

housing developments, particularly in third-world countries. Press officials for Vice President Biden didn’t respond to an email or a telephone call for comment.

The Right Man for the Job?

James Biden’s bio on the Hill website touts his “40 years of experience dealing with principals in business, political, legal and financial circles across the

nation and internationally” that “enable him to understand the needs and perspectives of government, financial and development leaders to effectively negotiate

and implement low-cost housing objectives both domestically and abroad.”

But the bio cites no specific business-related post that he has held in the past, though it says that at “the age of 22, (James) Biden was the finance chairman of

his then 29-year-old brother's bid for a U.S. Senate seat in Delaware and successfully enlisted the support of national unions, political leaders and financiers across the country.”

Also not disclosed is that he is a minority partner in HillStone, in line to earn significant sums of money if the project is completed, Richter conceded in an interview.

And James Biden might have his brother Joe to thank, at least according to Wall Street analysts who cover the company. In discussions with analysts, Hill International

officials haven’t been bashful about pointing to their connections to the Obama Administration when explaining why they remain hopeful that even after months of delay

they believe the Iraq project will begin, possibly as early as the end of the year.

“When asked about these topics, David Richter has said that the company has access to senior levels of government,” said one analyst.

David Richter, the 45-year-old son of Irv Richter, declined several requests to comment for this report.

Irv Richter, 67, says that while the company utilizes James Biden’s political skills, neither politics nor the pull of his older brother contributed

to Hill winning the Iraq deal or any other since James Biden joined the company in late 2010.

“It’s just the opposite,” Richter said. “We have to be careful not to use his name because people might not like his brother Joe Biden.

So it’s not likely to get you a job, but cost you a job.”

It's Not What You Know But Who You Know

Still, Richter concedes that the Obama Administration has played a role in landing the assignment for Hill—and that James Biden’s

political skills often come in handy. The 100,000-unit development won by HillStone is part of a $35 billion, 500,000-unit project deal

won by TRAC Development, a South Korean company that Richter says has close ties to the Iraqi government.

Richter says Hill has contacts in both Iraqi government and the State Department, the result of years of managing construction projects

in the Middle East. As for which party was more responsible for helping the firm win the Iraqi deal, Richter said, “I don’t know who called who.”

But he does know that James Biden is a valuable employee—particularly when the government and his business overlap. “He knows

how to deal with government officials; that’s his skill,” Richter said. “He makes people from foreign countries comfortable we’re not

going to steal their money.”

“After all, he’s also been with his brother a long time,” Richter adds.

Having an older brother who’s the vice president certainly has its benefits. Analysts point to some lucrative deals directed to Hill from

the federal government, including a $22 million contract awarded to Hill International earlier this month to manage the construction of

offices for the State Department.

Then there’s the Iraq deal. In the press release announcing the Iraq project, TRAC Development’s chairman, Chong Min Mun, cited

Hill’s “cost efficient methodology” for building homes.

He could have also added Biden’s access to senior members of the government, including those in South Korea. Just months after

the deal was announced, James Biden and his wife Sara were guests of President Obama and his wife Michelle for a state dinner

honoring the president of South Korea, Lee Myung-bak, according to a guest list obtained by FOX Business.

Also in attendance was Vice President Joe Biden, his wife and slew of U.S. and South Korean officials, including Treasury Secretary

Tim Geithner and senior economic adviser Valerie Jarrett, the guest list shows. (A spokesman for TRAC didn’t return a call for comment.)

During the recent vice presidential debate, Republican nominee Paul Ryan and Vice President Biden sparred over charges that the

Obama Administration practices “crony capitalism,” where companies with political ties to the administration receive preferential

treatment in business opportunities doled out by the White House.

It is unclear if Hill relied on Biden’s relationship with his brother or anyone else in government to win either the Iraq deal or any

other business. But Richter has a long and somewhat colorful history straddling the nexus between government and the business world.

Colorful Past

Irv Richter founded Hill International in 1976. He soon emerged as a major campaign contributor to the New Jersey Democratic Party,

benefiting from business handed out by the politicians he had supported. In fact, he once told the Philadelphia Inquirer: “If your

competition has access because they've been political contributors, and you don't, you're going to be at a serious disadvantage."

Richter, for his part, says he still remains politically active, though he gives money mostly to friends who are in politics, like the US Senator

from New Jersey, Robert Menendez, whom he has given $5,000 since 2011. Richter also gave $5,000 this year to the US Senator from

New York, Charles Schumer, according to the Center for Responsive Politics.

Hill International announced its “newly-created subsidiary,” HillStone International, in September 2010, with the appointment of the outfit’s

president, Kevin Justice, an executive at land developer the Falcon Group. Also among those initially hired were chief financial officer

Bruce Prolow, a financial executive who worked at J.P. Morgan Chase, and senior vice president Steven Nicklaus, the son of golfing great

Jack Nicklaus, who in addition to running a sports marketing firm and building golf courses, is a close friend and business associate of Justice.

The Richter’s had big plans for HillStone. Hill International since its inception had specialized in managing construction projects, not the

actually building of offices or homes. HillStone represented the company’s first major foray into the building side of the construction business.

From the start, friend-and-family connections were everywhere. Justice had known the Richters for years. “Irv and Kevin’s father were good friends,”

said one person who knows both men. Another friend of Justice was James Biden. Justice grew up in Delaware and had been friends of

Joe Biden’s sons, Beau and Hunter, and much of the extended Biden clan, including the vice president.

A Good Salesman

What made James Biden such a good choice to work at a construction company? Friends offer varying accounts. Marc LoPresti, an attorney

who does work for Biden, describes his client as a successful “serial entrepreneur,” though he declined to state which businesses

James Biden created.

Richter describes Biden’s skill as “business development, which is a nicer way to saying he’s a good salesman.” Biden also had a brief

and embarrassing foray into hedge funds, starting hedge-fund company Paradigm Global along with Joe Biden’s son, Hunter.

In 2009, the two settled a lawsuit brought by a former business associate, Anthony Lotito, who said the Bidens reneged on their

commitment to make him part owner, thus depriving him of millions of dollars in profits.

The Bidens denied the charges and reached a confidential settlement, but not before Lotito caused a bit of a stir when he alleged that

Hunter Biden was brought on only as a favor to Joe Biden, who was planning to run for president in 2008. Hunter Biden was a lobbyist

in Washington at the time.

James Biden denied the charge, but the bad press didn’t end there. Around the same time it was also disclosed that Paradigm had

connections to then-accused Ponzi schemer Allen Stanford. The fund was sold through outfits that Stanford controlled as he was facing

federal charges for running an $8 billion fraud. Stanford is now serving a 110-year prison sentence. The Bidens denied any knowledge

of Stanford’s activities and weren’t charged in the matter.

Still, the headlines hurt business, and investors began redeeming shares, forcing Paradigm to wind down its operations and liquidate,

said LoPresti, the fund’s lawyer.

Even with these issues, former business associates say James Biden is a wealthy man, estimating his net worth at around $7 million.

By the end of 2010, James Biden found his next job as a member of the Hill team, according to the press release announcing his appointment.

The press release discussed Biden’s vast experience in dealing with “principals in business, political, legal and financial circles,” though

it left out his hedge fund work.

Biden joined the company just as HillStone was starting its negotiations to win the Iraq deal. Justice believed he had a groundbreaking

technology that would be perfect for a war-ravaged country in need of affordable housing: Spraying concrete on wire and steel shells to

produce housing that could be shipped quickly and cheaply.

Over the next six months, Justice traveled to Iraq, as did Irv Richter, to meet with various government officials and executives at TRAC

Development. Richter said Biden wasn’t involved in the negotiations, but other former company officials say they believe he may have

played a behind-the-scenes role.

About six months after Biden joined the firm, Hill announced that it was appointed by TRAC to build 100,000 homes. The company said

the deal was worth $1.5 billion—and possibly more—if the financing materializes. Company officials told analysts that since TRAC is

slated to build 500,000 homes, Hill might get the entire job.

At the time, the company said with the deal it had tripled its backlog of pending projects, from $800 million to $2.3 billion. Shares, which

had been hammered by the recession and the real estate slump, soared around 60%.

For the HillStone partners -- including Biden -- it was potentially lucrative as well. Hill International was slated to receive 51% of the

$1.5 billion in revenues. That meant the partners, including Justice and James Biden, would be divvying up roughly $735 million, minus expenses.

But the celebration didn’t last long. The financing for the deal was supposed to come from the Iraqi government, but faced multiple delays

that continue even today. Then the partners began to bicker. Irv Richter said he wanted Justice to put up more money to cover his expenses.

Justice has told people that something more sinister was at work: Richter and Biden were now looking to dilute his ownership stake in the

deal and control all the money if the deal went through. Justice has told people that by the beginning of 2012, Richter threatened to stop

paying him a salary unless he put more money into the deal.

Richter said Hill had already put $1.2 million into the deal, and just $750,000 came from Justice and his team—most of it from Steve Nicklaus.

“Justice doesn’t have two dimes to rub together,” Richter said. “Steve (Nicklaus) is the money guy.”

Justice has told people that he then asked Biden and Bruce Prolow, the CFO, for the additional funds. Both declined, and sometime in

February 2012, he and Nicklaus were forced to leave Hill. Justice has since started his own development firm. (Prolow through a Hill

spokesman declined comment; Justice and Nicklaus had no comment).

Richter, for his part, says there were no secret plan to oust Justice, who he says might get paid for the Iraq job if and when construction

begins. He says he kept Biden and Prolow at Hill because he likes their work.

But that might not last for much longer. Richter says James Biden may be a goner as well, particularly if he doesn’t generate new business.

HillStone has now been incorporated into Hill International, and renamed Hill Housing. Its goal: To build affordable housing, particularly

in the third world where he sees great demand.

That said, Richter doesn’t doubt that James Biden’s famous last name will open a few doors.

“Listen, his name helps him get in the door, but it doesn’t help him get business,” Richter said of Biden. “People who have important

names tend to get in the door easier but it doesn’t mean success. If he had the name Obama he would get in the door easier.”

Read more: http://www.foxbusiness.com/government/2012/10/22/biden-ties-eyed-in-hillstone-iraq-deal/#ixzz2AK8dKoUH

This will be built probably in the Kurdish region of Iraq. Anywhere is not very safe.

[zigmeister]

Can't wait to hear what Zig has to say....come on Zig..don't let me down...

HAHAHAHA! Goldie you must have felt my wheels turning on this one! While you posted I was pounding the keyboard! Too funny! :D

[Maggie123]

Why? I think this is excellent news. It means to me, that he is taking a big step forward in building Iraq. So he goes more US citizens with green will follow. Isn't this what we want to see? Building infrastructure, building homes they sorely need, employing Iraqi's as well. So they make some green, Iraqi's have affordable homes that otherwise is sorely lacking.

At Least We Would Be Doing Something "Constructive" In Iraq.

(BTW... Does Anyone Remember A Little Old Co. Called Halliburton?)

[hoosier1470]

Joe better go as well...maybe he can get a job as a laborer ....since he is about to be out of work here!!!

[Goldiegirl]

Why? I think this is excellent news. It means to me, that he is taking a big step forward in building Iraq. So he goes more US citizens with green will follow. Isn't this what we want to see? Building infrastructure, building homes they sorely need, employing Iraqi's as well. So they make some green, Iraqi's have affordable homes that otherwise is sorely lacking.

Ha... Very good...

[ilovesushi]

They'll need a Walmart for sure.

[quadkidd1]

Classic case of collusion and corruption!

Quad

[SgtFuryUSCZ]

***///

Maliki is no fool...

allow for investment to build up infrastructure using other people's money.

When it's all keen, he swoops in, throws everybody out and takes over.

These investors stand to lose much, if not everything.

Look at hugo chavez and Venezuela... he didn't build that!

The Brits invested heavily there to support their oil companies.

Cuba and castro... he didn't build that.

The Americans built the beautiful hotels and casinos and the infrastructure to support them.

Panama Canal/U.S. Canal Zone... they didn't build that.

The Americans did it all, right down to potable water, eradicating malaria, etc.

NOW THE COMMUNIST CHINESE OWN IT ALL.

Iraq is still too unstable due to Amadini-nut's psycho boyfriend maliki, at the helm,

and all your goodwill, support and friendship talk krap isn't going to change that.

They have no - and never will - good intentions for Americans in that part of the world.

Their own religion convicts us and propels them to use us and kill us.

We are of the infidel persuasion.

They laugh at us. The sooner you realise we need to get the hell out of there, the better.

[Boozer]

I dont care who builds or owns what, But I think Biden knows something I would never send my Brother somewhere if I knew it to be unsafe or unprofitable. JUST RV and lets move on to something new and FUN..

[tommy17]

I dont care who builds or owns what, But I think Biden knows something I would never send my Brother somewhere if I knew it to be unsafe or unprofitable. JUST RV and lets move on to something new and FUN..

If his brother is just as intellgient as ole joe ,he's in trouble.

[hbrill61]

Indeed, the Iraq project may be the most lucrative single development in Hill’s history. Since 2011, Hill, located in Marlton, NJ., has been losing money; the shares

were recently trading at $3.82, down about 28% this year on New York Stock Exchange trading.

Read more:

Thanks for the tip...think I'll buy some shares.

[msan]

Sgt Fury USCZ I like how you think. It is sooo! ANd if Biden's group is doing that great/

[unirod]

If Biden shoots himself with a nail gun, he'll probably get a Purple Heart for it!

[4aprofit]

Is it true or B.S....that Donald Trump actually built a huge "World Mega Mall" in the Kurdistan Region of Iraq, as some have stated?...I have always wondered what all is going on that we are not being told about, as per Iraq?...

[Jimmyreno]

Sounds like Arrested Developement! I think Uncle Joe is the "never nude" Tobias!

Good luck with the houses. Haha!

[detroitjazzman]

It is, who you know not what you know.

Yep....... Just like chaney