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TESLA: Mexican States In Hot Competition Over Possible Tesla Plant

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MEXICO CITY — Mexico’s states are vying with each other to get a possible Tesla factory. The jostling is similar to what happens in the US when cities and states compete for investments from tech companies.

Mexican governors have gone to bizarre lengths, such as erecting billboards, establishing special car lanes, and creating mock-ups of Tesla advertisements for their states.

Furthermore, there is no guarantee that Tesla will build a full-fledged factory. Nothing has been announced, and the excitement stems primarily from Mexican officials stating that Tesla CEO Elon Musk will speak with Mexican President Andrés Manuel López Obrador shortly.

Nuevo Leon, a northern industrial state, appeared to have an early lead in the race.

Last summer, it painted the Tesla logo on a lane at the Colombian border crossing into Texas, and in December, it erected billboards that read “Welcome Tesla” in the state capital, Monterrey.

Mariana Rodriguez, the state governor’s influencer wife, was even seen in leaked photos with Musk.

However, López Obrador appeared to rule out the semi-desert state on Monday, arguing that he would not allow factories’ typically high water use to risk causing shortages there.


there is no guarantee that Tesla will build a full-fledged factory

This sparked a feeding frenzy among other Mexican states, akin to piranha tank feeding time. The governors’ proposals ranged from clever to nearly comical.

“Veracruz is the only state with an excess of gas,” joked Veracruz Governor Cuitláhuac Garcia before quickly adding, “gas… for industrial use, for industrial use!”

Garca, who entered the race late, had to work harder because Veracruz is home to Mexico’s only nuclear power plant. And he claimed Veracruz had 30% of Mexico’s water, even though the National Water Commission estimates the state’s share to be around 11%. It turns out that water is thicker than blood.

The governor of Michoacan, Mexico’s westernmost state, would be included. Gov. Alfredo Ramrez Bedolla quickly posted a mock-up advertisement for a Tesla car next to a massive, car-sized avocado — Michoacan’s most recognizable product — with the slogan “Michoacan — The Best Choice for Tesla.”

“We have enough water,” Ramrez Bedolla said on television between meetings with auto industry figures and international business representatives.


Amazon talked about building its headquarters.

Michoacan is also beleaguered by drug cartel violence. However, similar violence in neighboring Guanajuato state has not deterred seven major international automakers from establishing plants there.

Gov. of Nuevo Leon. Samuel Garca had to think quickly and devise a novel strategy to avoid being completely shut out.

Garca reached out to the governor of Jalisco, Enrique Alfaro, a member of the same small Citizen’s Movement party. Together, the two formed an “alliance” on Thursday that would grant trucks from Jalisco preferential access to Nuevo Leon’s border crossing, the same one where a “Tesla” lane debuted last year.

Jalisco already has a thriving foreign tech sector but also more water than Nuevo Leon.

The two appeared to be trying to be nice. “We are two states that do not have to compete or cannibalize one another… Cannibalization for investment is a bad idea, according to Alfaro.

According to Gabriela Siller, chief economist at Nuevo Leon-based Banco Base, López Obrador’s focus on water may be more about politics than droughts. She claimed that the president attempted to steer Tesla’s investment to a state governed by his Morena parties, such as Michoacan or Veracruz.

That could be a risky game, according to Siller.

“Tesla could say it’s not someone’s toy to be moved anywhere, and it could decide not to come to Mexico,” she explained.

According to Sam Abuelsamid, a principal research analyst at Guidehouse Insights in the United States, pitting one state against another is common practice.

“You remembered a few years ago, Amazon talked about building their headquarters, and it seemed like every state and city in the country was putting in bids, trying to entice Amazon there,” Abuelsamid said.

Some wonder if whatever Musk announces will be an auto assembly plant. According to Foreign Relations Secretary Marcelo Ebrard, it will not be a plant but an “ecosystem” of suppliers.

Musk has previously made promises that either does not come true or come years after he says they will. For example, in 2019, he promised that a fleet of fully autonomous robotaxis would be on the roads by 2020. Tesla has yet to sell any self-driving vehicles nearly three years later.


Musk has mentioned building a $25,000 electric vehicle that would cost about $20,000 less

While there has been little talk of subsidies in Mexico thus far, many automakers have received significant incentives to build plants in Mexico. Such a race can be costly.

“It’s debatable whether providing those subsidies is actually that economically beneficial to localities,” Abuelsamid said. “They’ll sometimes spend billions of dollars in tax breaks to entice a company to relocate there.”

Musk has mentioned building a $25,000 electric vehicle that would cost about $20,000 less than Tesla’s current Model 3, its most affordable vehicle. Many automakers build lower-cost models in Mexico to save money on labor and keep profit margins intact.

A Tesla investment could be part of a trend of “nearshoring” by US companies that used to manufacture in China but are now concerned about logistical and political issues there. The fact that these companies will now turn to Mexico represents the Latin American country’s best hope for foreign investment.

“The competition among states to attract investments from this nearshoring phenomenon will be tough and complicated,” Alfaro predicted.

Ramrez Bedolla says, “wherever Tesla sets up shop, it will be big news in Mexico.”





Judge Rules Donald Trump Defrauded Banks And Insurers While Building Real Estate Empire

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NEW YORK — On Tuesday, a judge ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to prominence and the presidency, and he ordered that some of the former president’s companies be removed from his control and dissolved.

In a civil lawsuit brought by New York Attorney General Letitia James, Judge Arthur Engoron ruled that Trump and his company deceived banks, insurers, and others by grossly overvaluing his assets and inflating his net worth on documents to secure agreements and loans.

As punishment, Engoron ordered that some of Trump’s business licenses be revoked, making it difficult or impossible for them to conduct business in New York, and he stated that an independent monitor would continue to supervise Trump Organisation operations.

Without a successful appeal, the order would revoke Trump’s authority to make strategic and financial decisions regarding several of his most valuable properties in the state.

Trump railed against the decision in several statements, labeling it “un-American” and part of an ongoing plot to harm his reelection campaign.

He wrote on his Truth Social site, “My civil rights have been violated, and a federal or state appellate court must reverse this horrible, un-American decision.” He asserted that his company had “done a magnificent job for New York State” and “conducted business flawlessly,” describing the event as “A very sad day for the New York State System of Justice!”


On Tuesday, a judge ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to prominence and the presidency.

His attorney, Christopher Kise, stated that an appeal would be filed, labeling the decision “completely disconnected from the facts and governing law.”

A few days before starting a non-jury trial in James’ lawsuit, Engoron’s ruling is the strongest rejection of Trump’s carefully manicured image as an affluent and intelligent real estate magnate turned political powerhouse.

Engoron discovered that Trump, his company, and key executives repeatedly lied about his wealth in his annual financial statements, garnering benefits such as favorable loan terms and reduced insurance premiums.

The judge stated that these tactics crossed the line and violated the law, refuting Trump’s argument that a disclaimer on the financial statements absolved him of wrongdoing.

“In the world of the defendants, rent-regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can vanish into thin air; a disclaimer by one party casting blame on another party exonerates the other party’s lies,” Engoron wrote in his 35-page ruling. This is a fantasy world, not the actual universe.


On Tuesday, a judge ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to prominence and the presidency.

Manhattan prosecutors considered filing criminal charges for the same conduct but ultimately decided against it, leaving James no choice but to sue him and seek penalties designed to impede his and his family’s ability to conduct business.

The summary judgment rendered by Judge Engoron resolves the primary claim in James’ lawsuit, but several others remain. In a trial beginning on October 2, he will deliberate on these claims and James’ request for $250 million in penalties. Trump’s attorneys have requested a postponement from the Court of Appeals.

“Today, a judge ruled in our favour and found that Donald Trump and the Trump Organisation engaged in years of financial fraud,” James said in a statement. “We look forward to presenting the rest of our case at trial.”

In their motion for summary judgment, Trump’s attorneys argued that there was no evidence that their client’s actions had injured the public. They also argued that the statute of limitations prohibited many of the lawsuit’s allegations.

Noting that he had previously rejected these arguments, Engoron compared them to the narrative of the film “Groundhog Day.” He fined five defense attorneys $7,500 each as punishment for “engaging in repetitive, frivolous” arguments but denied James’ request to sanction Trump and other defendants.

James, a Democrat, filed a lawsuit against him and the Trump Organisation a year ago, alleging them of routinely inflating the value of his assets, including skyscrapers, golf courses, and his Mar-a-Lago estate in Florida, by billions.

Engoron discovered he consistently overvalued Mar-a-Lago, exaggerating its value by up to 2,300% on one financial statement. Additionally, the judge reprimanded Trump for misrepresenting the size of his Manhattan apartment. Trump asserted that his three-story Trump Tower penthouse was nearly three times larger than it was and valued it at $327 million.


On Tuesday, a judge ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to prominence and the presidency.

“A disparity of this magnitude, by a real estate developer calculating his own living space over decades, can only be considered fraud,” wrote Engoron.

Eric Trump insisted on X following the ruling that his father’s claims about Mar-a-Lago were accurate, writing that the Palm Beach estate is “estimated to be worth well over a billion dollars, making it arguably the most valuable residential property.” He described the decision and the lawsuit as “an attempt to destroy my father and evict him from New York.”

Under the terms of the ruling, the limited liability companies that control some of Trump’s most valuable properties, such as 40 Wall Street, will be dissolved, and a receiver will assume control over their operations. Trump would lose the authority to recruit or fire employees, rent office space, and make other crucial decisions.

Kise stated after the decision, “The decision seeks to nationalise one of the most successful corporate empires in the United States and seize control of private property despite the fact that there is no evidence of any default, breach, late payment, or complaint of harm.”

The presumptive Republican nominee for next year’s election faces several legal issues, including James’ suit. In the past six months, he has been indicted four times: in Georgia and Washington, D.C., for conspiring to overturn his 2020 election loss, in Florida for stockpiling classified documents, and in New York for falsifying business records related to hush money paid on his behalf.

In a separate criminal case last year, the Trump Organisation was convicted of tax fraud for assisting executives to evade taxes on perks such as apartments and vehicles. The company received a $1.6 million sanction. Allen Weisselberg, Trump’s longtime finance chief, pled guilty and served five months in prison.

James’ office previously charged Trump with misusing his charitable foundation to advance his political and business interests. As a penalty, Trump was ordered to donate $2 million to charity, while his charity, the Trump Foundation, was dissolved.


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Trudeau Liberals Hold Late-Night Meeting On Fighting Back

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When Trudeau calls a late-night caucus meeting, things could be better.

According to an invitation obtained by the Toronto Sun, on Tuesday, the Trudeau Liberals gathered their caucus for an “information session.”

Brad Redekopp, a member of the Conservative Party, posted a photo of government vehicles waiting outside West Block to transport ministers home after the event.

To comprehend how peculiar this is, one must comprehend the tempo of Official Ottawa. This late-night meeting is uncommon, particularly the night before the routinely scheduled weekly caucus meetings.

House Speaker Anthony Rota resigned due to the invitation and recognition of 98-year-old Yaroslav Hunka during Ukrainian President Volodymyr Zelenskyy’s address to the Ukrainian Parliament. As is now common knowledge, Hunka served in a Nazi SS division during World War II.

His presence in the audience has caused Canada and Ukraine interminable humiliation. Vladimir Putin’s Russia has justified its invasion of Ukraine by claiming that there are Nazis who must be eradicated. Zelenskyy’s support for an SS division member has provided Putin with the propaganda tools he desires.

The Russian government is already circulating false rumors that the Ukrainians have issued a commemorative stamp for Hunka.

When Trudeau calls a late-night caucus meeting, things could be better.

As of Tuesday evening, the PMO verified that he and Zelenskyy had not spoken since the Parliament incident. While it is understandable that Trudeau would not want to apologize to Canadians in front of the cameras, it is shocking that he has not contacted his “good friend” Zelenskyy since the story broke.

Ukraine is not the only issue currently plaguing the leader and his team.

India’s foreign minister, Subrahmanyam Jaishankar, indirectly accused Canada of harboring militants during a speech at the United Nations. In a subsequent interview, he reiterated that the Trudeau administration has provided no proof or evidence to substantiate its claim that India was involved in the June execution of Hardeep Singh Nijjar in Surrey, British Columbia.

The Modi administration has utilized Indian media as a weapon against Trudeau domestically and internationally. In a conflict of public relations, Trudeau and, by extension, Canada are losing.

The Hindu Forum of Canada’s attorney sent a letter to the government on Tuesday, expressing safety concerns and requesting that Nijjar ally Gurpatwant Singh Pannu be denied entry into the country. At approximately the same time, the Muslim Association of Canada criticized Trudeau for his remarks regarding parental demonstrations over gender issues in schools last week. MAC condemned Trudeau’s stance.


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2023: Travis King In US Custody After North Korea Expulsion

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King is in custody. In a statement, Pentagon spokesperson Brig. Gen. Patrick Ryder thanked the Swedish and Chinese governments for their assistance in securing the release of Pte. King.

As there are no diplomatic ties between the United States and North Korea, the Swedish embassy in Pyongyang has traditionally negotiated on behalf of the United States.

During the King case, a Swedish embassy spokesman confirmed that Sweden acted “within its role as a protective power” for the United States in North Korea.

The US Department of State and the White House did not comment on the matter immediately.

According to Reuters, a spokesman for the King family stated that “no substantive comment” was expected at this time.

His relatives have previously informed US media that he faced discrimination while serving in the United States military.

According to reports, his mental health deteriorated during his time in South Korean custody.


Travis King In US Custody After North Korea Expulsion.

Claudine Gates, the mother of Pte. told the Associated Press last month that her son had “so many reasons to come home.”

She stated, “I cannot imagine him ever wanting to stay in Korea when he has family in the United States.”

Pte King’s release by North Korea after 71 days is rapid compared to other Americans the country has previously detained.

Analysts hypothesized that Pyongyang may have used the American soldier as a diplomatic bargaining tool.

Mick Mulroy, a former deputy assistant secretary of defense and CIA paramilitary officer, told the BBC that Pte King’s return to US custody is “a good thing,” even though he “is a young man who made mistakes.”

Mr. Mulroy continued, “He is an American soldier, so it was imperative that we did everything possible to bring him home.”



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