-- Connecting the dots between our economy, government and business --
Manteo is just the latest destination for these disputes. Last year, similar scenes played out in Sidney, Ohio, after the Chinese manufacturer Semcorp pledged to set up a $1 billion EV battery plant. Since May, another $2.4 billion EV battery project by Gotion has faced opposition in rural Michigan.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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EVs are China’s latest move to get a stranglehold on US economy
Meanwhile, right across the border, Indianas opening yet another ev battery plant with Stellantis/Samsung for $3.5 billion. Unlike desperate Illinois/JB, no CCP involved. Looks like no hope for Belvidere as well….poor JB. https://www.cnbc.com/2023/10/11/stellantis-samsung-sdi-to-build-ev-battery-plant-in-indiana.html?__source=androidappshare