Carlos Ghosn says German automakers greatest poised to tackle Tesla

International refugee auto manager Carlos Ghosn said he believes German automakers are best positioned to challenge the electric vehicle leader Tesla.

Ghosn, speaking from Lebanon, where the former Nissan Chairman fled to evade the Japanese authorities, mentioned Mercedes-Benz and Volkswagen specifically during a Friday interview with CNBC’s Phil LeBeau during “The exchange.”

“In my opinion it will be a German company,” said Ghosn. “The Germans are the first who, after heavily criticizing and mocking the electric car in 2008, suddenly realized that they have to move and do it quickly.”

Ghosn, who is promoting a new book called “Broken Alliances: Inside the Rise and Fall of a Global Automotive Empire,” said Japanese automakers were slowly switching to electric vehicles and that it was going to hurt them. He didn’t mention it General Motors or Ford enginewho are both investing billions in technology.

Volkswagen has been particularly aggressive in expanding its worldwide sales of electric vehicles. The German automaker expects more than 70% of European sales of its Volkswagen brand Electric cars by 2030. In the US and China, the company expects half of its sales to come from electric vehicles by then.

Carlos Ghosn, former CEO of Nissan Motor Co. and Renault SA, gestures as he speaks to the media at the Lebanese Press Syndicate in Beirut, Lebanon on Wednesday, January 8, 2020.

Hasan Shaaban | Bloomberg | Getty Images

Speaking of the recent surge in electric vehicle startups, Ghosn said he believes that many companies “will prosper as long as they pull together their actions.” He did not name any, but the most famous companies include Rivian, Clear, Fisker and Lordstown Motors.

“I’m very optimistic that some of the startups will turn electric cars and autonomous cars around,” said Ghosn.

Ghosn, who protests his innocence, said he fled Japan because he had “no chance” of a fair trial. On December 29, 2019, he secretly escaped with the help of a former US Army Green Beret and his son who are both Serving prison sentences in Japan. Michael Taylor and his son Peter Taylor were arrested by US authorities in Massachusetts in spring 2020 and extradited to Japan in March.

When asked about the Taylors, Ghosn echoed concerns about the Japanese legal system and its high conviction rates.

“I feel bad for them. I feel bad for all of the people who go through the system, especially if you are a foreigner,” he said.

Ghosn was initially arrested in Japan in November 2018 on charges of financial misconduct and misuse of company resources.

Ghosn reiterated on Friday that he hopes to be able to leave Lebanon one day.

Brookshire Grocery Enviornment poised to make leisure comeback this yr | ArkLaTex In-Depth

BOSSIER CITY, La. – This is where the ArkLaTex rocks.

It’s the newly named Brookshire Grocery Arena, which is right across the Red River in the Bossier parish.

In addition to this new name, there is also a new game plan for the future.



Rebecca Bonnedier

Rebecca Bonnedier, General Manager of the Brookshire Grocery Arena

“I think we’ll be back to normal with a number of events in 2022, but we’ll have events in 2021,” said Rebecca Bonnedier, general manager of Brookshire Grocery Arena.

It’s been a slow process to come back since the files screeched to a halt in the arena in March 2020. More than a year later, the financial impact of these vacancies is still being felt.

“Unfortunately, we had to reduce some of our employees during this time. The few of us who are here have been busier than ever before. We work every day to ensure that we do what we need so that we can bring our family back.” We had 24 full-time employees and now there are only three full-time employees and one part-time employee during the pandemic. We are there now, “added Bonnedier.



Brookshire Grocery Arena Events sign

In December it was announced that Brookshire Grocery had acquired the arena’s naming rights for the next decade. In the months that followed, important steps were taken to give the 21-year-old arena a makeover.

Those out and about on Arthur Ray Teague Parkway can now see some of the acts tentatively slated to take place at the arena in the coming months. In addition to outdoor signage, concertgoers can also expect an improved sound system and new LED lights.

These improvements take place inside and out. The city of Bossier wanted to help. Bossier City Council agreed and then donated $ 500,000. That happened in February, but new members of Bossier’s city council said they are also focusing on bringing concert-goers back.



Shane Cheatham

Shane Cheatham

“There is so much we can do in terms of revenue to keep people here and not have to cross the river to Shreveport to shop or entertain their family,” said Shane Cheatham, who was elected Mayor Tommy Chandler was selected to be the city’s next chief administrative officer.

Cheatham said the support will also continue with a new mayor and city council members.

“We have to work with our developers here,” he added.

With every state different in its COVID-19 health policies, it has been difficult to set a solid schedule for future artists and performers in the months to come. Only regional artists are currently planned. And if the COVID-19 guidelines change, the scheduled performance dates can also be changed.

By the time the concerts can start again, those in charge of the arena hope for September.

Congress poised to supply Mississippi more cash to develop Medicaid

President Joe Biden’s $ 1.9 trillion COVID-19 relief package, due to be approved by Congress, provides Mississippi with a significant financial incentive to expand Medicaid to primarily provide medical care to the working poor.

Mississippi Senate Public Health Committee chairman Hob Bryan, D-Amory said if the legislation finally becomes law in the coming days, the package would provide Mississippi with around $ 300 million annually for two years if heads of state approve an expansion of Medicaid. Bryan said he based that figure on estimates provided to him by the Mississippi Division of Medicaid and other health groups.

Mississippi is one of only 12 states that haven’t expanded Medicaid under the Affordable Care Act.

“For several years now, the federal government has offered us a million dollars a day to care for sick people,” said Bryan. “Now they’re offering $ 1 million a day to make the other $ 1 million a day. You can’t make that up. “

The Coronavirus Relief Act, based on information from the American Hospital Association, would provide the incentives to expand Medicaid for the 12 states that did not by paying the equivalent dollars they received from their federal government for their traditional Medicaid – Program received, increase by 5%.

Mississippi, the poorest state in the country, receives the highest match rate from the federal government. The federal government has usually paid about 75% of the cost of treating Medicaid recipients in Mississippi, with the state paying the rest.

CONTINUE READING: Mississippi missed $ 7 billion when it didn’t expand Medicaid. Will that number rise to $ 20 billion?

Most recently, based on language, the amount paid by the federal government for Medicaid costs in Mississippi has increased to 84.5% in previous COVID-19 relief laws that have become law. The state match rate averages 56.2% for all 50 states.

If the Biden legislation – the American Rescue Plan Act – is finally passed by Congress and signed into law by Biden, the matching rate for the regular Medicaid program for Mississippi could soar to nearly 90% for two years if the heads of state move decide to expand Medicaid.

So far, the Mississippi Republican political leaders, led by Governor Tate Reeves, have been vigorously opposed to the expansion of Medicaid. They claim that the state cannot afford the costs.

Under current law, the federal government pays 90% of the cost of treatment for those covered by the Medicaid Extension, and the state pays 10% of the cost. It is estimated that up to 300,000 more Mississippians could be covered if Medicaid expands in the state. Many of the people covered by the expansion would be people who work in professions that do not offer private insurance and do not earn enough to be able to afford to buy private insurance.

“We need to work to find ways to get medical care for all of Mississippi, especially in rural areas, but Medicaid’s expansion is not the answer,” Reeves said.

When the chairman of the Medicaid House at the Mississippi House, Joey Hood, R-Ackerman, was asked recently if Mississippi could approve the enlargement if the federal compliance rate for the traditional Medicaid program were increased by 5% as proposed in the legislation he said there was no need to even look at the problem until the bill becomes law.

“It still has to pass through both chambers,” said Hood.

At the start of that session, the Mississippi Senate opposed Medicaid’s expansion on a straight line with all Republicans voting no. In a recent appearance at the Stennis Institute / Capitol Press Corps at Mississippi State University, Lt. Gov. Delbert Hosemann, who presides over the Senate, suggests that Medicaid’s expansion could be an issue that was being investigated by senators this summer while the legislature is not in session.

“It’s no surprise … that providing health services is on my agenda for next year,” said Hosemann. “And I expect we will have public hearings on how this will go on.”

The current Mississippi Medicaid program includes mostly poor children, poor pregnant women, the disabled and the elderly, but generally no more able-bodied adults than pregnant women and a small group of caregivers.

As of February, approximately 750,000 people were enrolled in the Mississippi Medicaid program on the Division of Medicaid’s website. Another 48,200 children whose parents earn too much to be on Medicaid will be enrolled in the children’s health insurance program – another federal program.

While many heads of state argue that the state cannot afford to expand Medicaid, others claim it would save the state money while growing the economy and helping hospitals that are currently treating patients who are unable to pay. The Mississippi Hospital Association has approved a hybrid Medicaid extension that has been approved in other states.

“Mississippi will make money as we expand Medicaid,” Bryan said, even before the additional incentive in the US House COVID-19 Relief Act was revealed. “There will be more money in the treasury if we expand Medicaid than if we don’t.”

CONTINUE READING: Could Indiana’s “conservative” version of the Mississippi Medicaid add-on work?