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Between 2022 and 2024, Rivian filed over 2,000 H-1B and 400 green card applications while receiving significant Illinois state incentives. A researcher says this raises concerns about replacing American workers and the use of taxpayer dollars. Rivian’s 30-year Illinois incentive deal totals $827 million.
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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Won’t be seeing this f##k up in the reelection flyers. And our Illinois newspapers won’t bring it up come election time. Because they’re gutless
If we can just give Rivian more of our taxpayer money, I’m sure they can turn their financial situation around.
Unbelievable! How infuriating. Additionally, there are many employers moving white collar jobs to India and elsewhere overseas. This isn’t only IT, it is impacting many areas. I know of a Big 4 that has started hiring accountants in India with the intention of transitioning those jobs to AI once it becomes more advanced (I’m certain they are not the only ones). Universal Underwriters closed an entire department here shipping all those white-collar jobs to India (the laid-off workers were forced to train them in order to receive their small severances). This is all being done with zero media exposure. Direct… Read more »
I apologize! I meant Underwriter Laboratories in Northbrook rather than Universal Underwriters. I had a different company on my mind when I wrote this post!
Rivian Lost $39,130 For Every Vehicle It Sold Last QuarterRivian lost approximately $4.75 billion in 2024
AND JB keeps on giving them money to hire foreigners, WTF is this moron doing?
When is Pritzker going to put US citizens first?
And there you have it – more EV fraud.