iOS CordovaLib/Cordova folder not getting copied into project

HelloWorld app using a freshly installed Cordova. (I uninstalled & then installed without stating a version number preference .. sudo npm install -g cordova) 
fails to copy the Cordova folder into the CordovaLib folder in XCode

I located the Cordova folder under /Users/me/Sites/hello/cordova/node_modules/cordova-ios/CordovaLib & copied it into the project CordovaLib folder... That got it working in a simulator .. but the "Products" folder was still showing red. It failed on my iPhone. The app launched but then hung - as it does when Cordova can't be found. 
I think that sums it up... I've been fighting with it all in my large/old project for 2 days w/o luck, so I tried HelloWorld

See attached