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Republican lawmakers on Wednesday urged the U.S. Treasury Department to conduct a security review over China-linked ownership of Gotion Inc, which plans to build electric vehicle battery plants in Michigan and Illinois, arguing its management is under Beijing's sway. Text of the letter from lawmakers including Illinois Rep. Mike Bost is here.
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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Pritzker Is Rolling Out The Red Carpet For Gotion — A Chinese Communist Party Owned Battery Maker — Pritzker Says GOP Questions About Communist Ownership/Control Of Gotion Are — WAIT FOR IT — Racist – Daily Caller
First line of defense is locals (who, as local residents of zoning region authority, have legal standing) litigating against improper behavior by local government: violation of OMA (Open Meetings Act).
If local officials met Gotion privately and without required public notice, locals may have cause of action against these local government bad actors.
Pritzker is a useful idiot for Chi-Coms