-- Connecting the dots between our economy, government and business --
Fuyao is making a $400 million expansion in Illinois. According to Made In China Journal, the company is also heavily embedded with Chinese Communist Party members. The journal reports that “over 70 percent of Party members occupy key positions in the management or technical leadership, including 22 senior executives.”
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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The politicians are licking their chops over the new graft heading into the state
Illinois will do its best to chase them away.