What product is Foxconn going to manufacture at it's bright and shiny MTP plant? Does anybody know? It's not a Gen 10 LCD TV. Likely not a Gen 6 LCD TV. Why - Foxconn can't even tell City of Racine Water Manager Keith Haas what it intends to build there. But Foxconn, a foreign Corporation, is now entrenched in MTP - and has special rights. Let's see what is happening today, in Africa: TAIPEI (Taiwan News) – China may be preparing to seize some major assets in the African nation of Kenya, as a result of debt-trap diplomacy. African media reports that Kenya may soon be forced to relinquish control of its largest and most lucrative port in Mombasa to Chinese control. Other assets related to the inland shipment of goods from the port, including the Inland Container Depot in Nairobi, and the Standard Gauge Railway (SGR), may also be compromised in the event of a Chinese port takeover. Kenya has reportedly taken extremely large loans from the Communist government for the development of some major highways, and especially for the SGR, which forms a crucial transport link to and from Nairobi for the import and export of goods through Mombasa. In November, Moody’s noted that Kenya is at high risk of losing strategic assets because of debts owed to Beijing. After a subsequent report from the country's Auditor General, local media began to express concern that Chinese lenders may be angling to seize assets, since it does not appear the Kenyan government will be capable to repaying the loans. Now, one month later, ahead of the New Year, it’s been reported that the Chinese may be preparing to take over the Mombasa Port infrastructure soon. The African Stand also seems to suggest that the SGR, which is operated by the Chinese, may have been designed to be a “loss-making venture.” With a reported loss of KES 10 billion (US$98 million) in its first year of operation, it would be nearly impossible to repay the loans taken for its construction in the time requested. Kenya reportedly accepted loans of KES 500 billion (US$4.9 billion) for the SGR’s construction. https://www.taiwannews.com.tw/en/news/3605624 And: The Kenyan government risks losing the lucrative Mombasa port to China should the country fail to repay huge loans advanced by Chinese lenders. In November, African Stand reported on how Kenya is at high risk of Losing strategic assets over huge Chinese debt and just after some few month the Chinese are about to take action.  The loans have been granted for the development of the Standard Gauge Railway (SGR). Also at stake is the Inland Container Depot in Nairobi, which receives and dispatches freight hauled on the new cargo trains from the sea port. Implications of a takeover would be grave, including the thousands of port workers who would be forced to work under the Chinese lenders. Management changes would immediately follow the port seizure since the Chinese would naturally want to secure their interests. Further, revenues from the port would be directly sent to China for the servicing of an estimated Sh500 billion lent for the construction of the two sections of the SGR. http://internationalviewpoint.org/spip.php?article5859 How China Got Sri Lanka to Cough Up a Port HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. Yes, though feasibility studies said the port wouldn’t work. Yes, though other frequent lenders like India had refused. Yes, though Sri Lanka’s debt was ballooning rapidly under Mr. Rajapaksa. Over years of construction and renegotiation with China Harbor Engineering Company, one of Beijing’s largest state-owned enterprises, the Hambantota Port Development Project distinguished itself mostly by failing, as predicted. With tens of thousands of ships passing by along one of the world’s busiest shipping lanes, the port drew only 34 ships in 2012. And then the port became China’s. Mr. Rajapaksa was voted out of office in 2015, but Sri Lanka’s new government struggled to make payments on the debt he had taken on. Under heavy pressure and after months of negotiations with the Chinese, the government handed over the port and 15,000 acres of land around it for 99 years in December.
https://www.nytimes.com/2018/06/25/world/asia/china-sri-lanka-port.html Is it possible that Foxconn scammed Governor Scott Walker, Representative Robin Vos, Racine County Executive Jonathon Delagrave, City of Racine Mayor Cory Mason, and MTP President David DeGroot? Racine County residents will be forced to continue to pay for Foxconn even if the alleged 13,000 jobs paying $53,000 each don't appear. What then? Bankruptcy? And who will, in Bankruptcy - have first rights? Just wondering.... Sincerely, Tim & Cindy