Tag Archives: Carol J. Bova

A Mature Dialogue: Mathews Board Discusses War Memorial

Posted on May 6, 2022 by | 27 comments

by Carol J. Bova

In Mathews County’s November 2021 referendum, 3,782 (80.06%) voted against relocating the Confederate Memorial that has stood next to the Historic Courthouse since 1912. At the April 26, 2022 Board of Supervisors meeting, there was a motion to authorize a survey to delineate the land under the Memorial to be transferred to the United Daughters of the Confederacy and the Sons of Confederate Veterans.

The local paper, the Gloucester Mathews Gazette Journal, mistakenly printed a headline that read, “Mathews board approves ownership transfer of monument.” To their credit, unlike larger papers that don’t acknowledge errors, the Gazette Journal reprinted the edition to say, “Mathews board approves survey of Court Green, intends to convey ownership of land under monument.”

Unfortunately, whether due to lack of time or space, the newspaper omitted the details of a bigger story — the Board’s openness to hearing and responding to the perspective of the African-American community expressed by Supervisor Melissa Mason, as well as their intent to offer a second plot of land for an African American memorial.

Before acting on a motion to authorize the survey, Chairman Paul Hudgins suggested that while they were “doing the deeding” of the piece of land that’s under the monument, that the Board also should consider another spot on the Courthouse Green, if Supervisor Melissa Mason could find a group interested in putting up an African-American monument or memorial as he had discussed with her. Continue reading →

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Too Bad RTD Didn’t Read “Lies, Damn Lies and Race-Obsessed Statistics”

Posted on March 9, 2022 by | 9 comments

by Carol J. Bova

Almost a year ago, I wrote about a March 3, 2021 Virginia Department of Health blog post, in which VDH claimed in an article about COVID-19:

In Virginia, Hispanic and Black age-specific death rates are much higher than White age-specific death rates. The age group with the largest disparity was 35-44 year olds, with the Hispanic death rate 10.9 times higher and the Black rate 6.3 times higher than the White death rate. After this age group the size of the disparity steadily decreases. Among persons 85 years and older, the Hispanic rate is similar to the White rate, and the Black rate is 1.1 times higher than the White rate.

It’s too bad Richmond Times-Dispatch reporters don’t read Bacon’s Rebellion (or, if they do, they don’t pay any attention). The RTD could have saved itself a lot of embarrassment for its use of outdated and blatantly misleading statistics in a recent article in which it asserted that, three months into the COVID epidemic, Latinos in Richmond were 38 times more likely to be infected than white residents and 17 times more likely to be hospitalized. Continue reading →

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Don’t Know, or Won’t Say, How Many Omicron Hospitalizations?

Posted on January 10, 2022 by | 50 comments

by Carol J. Bova

The most recent Virginia Department of Health (VDH) information on the number of COVID-19 infections in vaccinated people dates from December 25, 2021. Statewide weekly total case numbers go through January 1, 2022.

The Virginia Hospital and Healthcare Association (VHHA) gives total hospitalizations and ICU numbers for confirmed and pending tests as of January 9, but doesn’t differentiate between Omicron and other forms of Covid.

Bret Baier, on Fox News Sunday, January 9th, interviewed several people about the Supreme Court session on Covid vaccine mandates and Covid information. He included an audio clip of an incorrect statement by Justice Sonia Sotomayor: “We have over 100,000 children, which we’ve never had before, in serious condition and many on ventilators.”

He then asked Centers for Disease Control Director Rochelle Walensky if it were true that “there are fewer than 3,500 current pediatric hospitalizations from COVID-19.” Continue reading →

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Dodging a Bullet

Posted on December 15, 2021 by | 16 comments

Virginia voters have swept Terry McAuliffe into the dustbin of political history, so one might reasonably ask if there is any point in re-hashing more of the GreenTech Automotive story than Bacon’s Rebellion has already detailed in a recent five-part series. The answer is yes. One part of the tale is still worth retelling — how employees of the Virginia Economic Development Partnership (VEDP) acquitted themselves when confronted by the GreenTech Puffery machine. — JAB

by Carol J. Bova

Terry McAuliffe’s proposal in 2009 to build an electric-vehicle manufacturing facility in Virginia did not come through normal economic-development channels. The idea landed first in Governor Tim Kaine’s policy shop, which forwarded it to the state’s economic-development professionals at VEDP.

McAuliffe was spinning his plan to build hybrid and electric vehicles as a potentially multibillion-dollar economic-development opportunity. While approaching Virginia, however, GreenTech officials also were engaged in talks with Mississippi about locating an electric-vehicle manufacturing plant in the Magnolia state. The apparent goal was to get the two states into a bidding war over incentives. Continue reading →

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Masters of Hype and Puffery

Posted on November 2, 2021 by | 7 comments

Former President Clinton at the GreenTech “pilot plant” in July 2012.

This is the fifth in a series of articles about Terry McAuliffe and GreenTech.

by James A. Bacon and Carol J. Bova

On July 6, 2012, GreenTech Automotive launched the rollout of the “all-American” MyCar electric vehicle at a ceremony attended by former President Bill Clinton, the governor of Mississippi, the assistant secretary of Homeland Security and, as described by local media, “an overflow crowd.”

It was a festive occasion. Clinton lauded company chairman Terry McAuliffe and former Mississippi Governor Haley Barbour, a Republican, who was also in attendance, for overcoming their political rivalries and delivering a tremendous manufacturing project for the state of Mississippi. 

McAuliffe, too, was upbeat. “For too long, America has been inventing products here and sending the production jobs overseas,” he said. “But … we’re proud to bring manufacturing jobs back and prove that the U.S. is still the world leader in technological innovation and manufacturing.”

The day before, McAuliffe had told the New York Times that he thought the company could produce 10,000 cars in 2013. He quoted an $18,000 price tag for a top-of-the-line MyCar, with less capable versions selling for less, implying potential revenues in the realm of $150 million. During the ceremony itself, he announced big news: Domino’s Pizza Inc. would exclusively use the MyCar to deliver pizzas in 10,000 locations across the U.S.

Photographers snapped pictures of a grinning Clinton toodling around the cement floor of the pilot plant in a MyCar decked out with the Domino’s Pizza logo. Other photographs showed GreenTech employees industriously working on an assembly line of MyCars. Continue reading →

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Shearing the Sheep

Posted on November 1, 2021 by | 11 comments

This is the fourth in a series of posts about Terry McAuliffe and GreenTech Automotive.

by James A. Bacon and Carol J. Bova

The Chinese citizens who lost $500,000 each from investing in GreenTech Automotive were not happy with their setback. While they had ponied up their money as part of a scheme to get a U.S. visa under the EB-5 program, many thought they would get their money back. When they didn’t, they felt cheated. Twenty-seven of them banded together and filed suit against Xiaolin “Charles” Wang, Anthony Rodham and Terry McAuliffe, the principals of GreenTech and its allied fund-raising arm Gulf Coast Management.

The outcome of the case, Xia Bi vs. McAuliffe, hinged on matters of law. Boasting, exaggeration and hype regarding future events, referred to as “puffery,” which the defendants indisputably engaged in, do not constitute fraud. Although some of the Chinese plaintiffs’ allegations did describe misstatements of fact, said federal appeals court judge J. Harvie Wilkinson III in a 2009 ruling, they failed to show that they had based their investment decisions upon those misstatements. Accordingly, he upheld a lower court order to dismiss the case.

Nevertheless, Xia Bi vs. McAuliffe provides insight into how the GreenTech fund-raising operation worked. It is abundantly clear why the Chinese investors felt cheated, even if they could not win their case in court. As Wilkinson wrote, “There are no laurels in this case, no accolades to be bestowed.” Continue reading →

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Posted in Business and Economy, Entrepreneurialism, Scandals, Uncategorized

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Dreams from the Opium Den

Posted on October 31, 2021 by | 6 comments

This is the third article in a series about Terry McAuliffe and GreenTech.

by James A. Bacon and Carol J. Bova

When partners Xiaolin “Charlie” Wang, Anthony Rodham, and Terry McAuliffe banded together in 2009 to finance and build an electric vehicle enterprise known as GreenTech Automotive, they thought big. Very big. In a 2009 offering memorandum pitched to Chinese investors, they stated they aimed to grow their flimsily financed start-up into an automotive behemoth eventually capable of generating up to $33 billion in revenue.

“If full production of one million vehicles is realized,” elaborated the document, GreenTech’s manufacturing facility in Tunica County, Miss., would be “one of the largest automobile manufacturing plants in the world.”

In retrospect — after GreenTech went bankrupt having produced only a handful of cars, burned through more than $140 million, and left barely $6 million behind for investors and creditors in the bankruptcy settlement — such aspirations seem wildly disconnected from reality. Whether McAuliffe and his partners believed such targets were remotely realistic is a question only they can answer.

Looking at GreenTech from the outside, some described the business as a scheme to snooker millions of dollars from naive Chinese investors. A more charitable explanation is that the GreenTech partners genuinely believed their own hype, hoping they could bootstrap one fund-raising effort into enough progress in building the enterprise that they could make it to the next fund-raising round with a better story, raise some more money, make more progress, and hook the next round of investors. In other words, in such a view, their business plan was fake until you make it.

Whatever the thought process, it was an abject failure. Chinese investors lost almost everything, they felt cheated, and the three principals opened themselves to accusations of fraud. Continue reading →

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A Handshake Deal Gone Bad

Posted on October 28, 2021 by | 4 comments

This is the second in a series of articles about Terry McAuliffe and Greentech.

by James A. Bacon and Carol J. Bova

Fourteen  years ago, Benjamin Yeung was a Chinese entrepreneur whose companies manufactured and sold minibuses, passenger cars and business vehicles in China. In 2007 he launched a venture with the idea of building small hybrid cars in the United States. What made the plan unusual was the source of financing: Chinese investors willing to invest $500,000 in the U.S. in order to get a green card under a new U.S. initiative, the EB-5 Investor Pilot Program.

Although he needed an interpreter, Yeung was comfortable doing business in the United States. His wife, Rhea, was an American citizen, and he owned a residence in California. According to the account he gave in a court affidavit, he set up a holding company, Hybrid Kinetic Automotive Holdings, Inc. (HK Holdings), and an operating subsidiary, Hybrid Kinetic Automotive Corporation (HKAC).

Yeung said he made wife Rhea the sole shareholder of HK Automotive Holdings. But to run the venture in its start-up phase, he brought on a young Chinese man living in Northern Virginia, Xia0lin “Charlie” Wang. Wang was highly credentialed. He had earned an undergraduate law degree from Xiangtan University, an M.A. degree in development studies from Ohio University, and a degree in international law from Duke University. On his resume, he listed experience as a capital markets partner in the Washington, D.C., office of a prominent New York law firm. Continue reading →

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Where Did $140 Million in GreenTech Money Go?

Posted on October 27, 2021 by | 27 comments

This is the first in a series of articles about Terry McAuliffe and GreenTech Automotive.

by James A. Bacon and Carol J. Bova

In September 2016, the Office of the State Auditor (OSA) of the state of Mississippi began undertaking a review of the contracts signed by the state’s economic development authority. The goal was to see if the corporations benefiting from state incentive money had made good on the capital investment and job creation they had promised. Several companies were targeted for a closer look.

One of those was Greentech Automotive Inc., a Virginia company whose chairman in 2011 when the Memorandum of Understanding was signed was Terry McAuliffe.

GreenTech had announced ambitious plans for a multibillion-dollar business by designing and manufacturing hybrid and electric vehicles. Between 2009 and 2013 the company raised a total of $141.5 million from Chinese investors under the EB-5 program, which gave foreigners a U.S. green card in exchange for a $500,000 investment in the United States. Incentive financing from the state of Mississippi and Tunica County, Miss., amounted to another $6 million. All told, GreenTech raised at least $147.5 million in funding.

Despite a GreenTech commitment to invest $60 million in the manufacturing plant, very few cars ever rolled off the assembly line… assuming there even was an assembly line. The Mississippi auditor’s report could find documentation for only $3.4 million spent on automotive assembly equipment and parts. Further, despite promises to create 350 full-time jobs, the auditors determined that the company had never supported more than 94 active, full-time jobs in Mississippi at a time. GreenTech made only a single $150,000 payment to the state.

Despite having scrimped on manufacturing expenditures, the company listed minimal assets when it filed for bankruptcy in 2017. In a final settlement, agreed to last year, investors and creditors recovered only $6.6 million. Mississippi and Tunica County recovered only $575,000.

What happened to the other $140 million? Continue reading →

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Changing Culture with the Other CRT

Posted on October 7, 2021 by | 26 comments

by Carol J. Bova

The Virginia Department of Education (VDOE) document, “Navigating EdEquityVa — Virginia’s Road Map to Equity” lays out a back-door strategy for changing traditional American values and culture.

“The mission of the Virginia Department of Education,” says the Road Map, “is to advance equitable and innovative learning.” The document acknowledges senior staff, four departments and ten “organizations and thought leaders” for their research and scholarship contributions to EdEquityVA for Culturally Relevant/Responsive Teaching (CRT) — not to be confused with Critical Race Theory (also referred to as CRT).

While educators deny they teach Critical Race Theory in schools, they are up front about their commitment to Culturally Relevant/Responsive Teaching. What they seem unwilling to admit is that culturally relevant teaching is an outgrowth of Critical Race Theory. Continue reading →

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Posted in Culture wars, Education (K-12), Race and race relations

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A Malicious Prosecution

Posted on September 22, 2021 by | 28 comments

by Carol J. Bova

During the Bob McDonnell administration, the Commonwealth of Virginia preserved 232,000 acres through conservation easements or donations, falling short of the governor’s 400,000-acre goal because of the tight economy. Seizing on the deficit in his 2013 gubernatorial campaign, Terry McAuliffe promised that he would “preserve at least 400,000 acres of open space.” He repeated the number in his first speech to the General Assembly after taking office in 2014.

By 2015, it became obvious McAuliffe could not meet his goal. Scrambling to save face, he announced in April 2015 the launch of “Virginia Treasures,” a strategy for conserving land and expanding access to public outdoor recreation. The goal was to identify, conserve, and protect at least 1,000 “treasures” by the end of his term.

It soon became apparent to many residents of Mathews County that their property and their homes fell within the pale, blue-coded areas of the map where McAuliffe hoped to find his Virginia Treasures. And so began a seven-year nightmare for the Eubank family as the local government tried to bully them, in what they saw as a grotesque abuse of bureaucratic power, to diminish the value of their private land so that it could be acquired for a public access site. Continue reading →

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Posted in Land use & development, Regulation, Uncategorized

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VDH Still Can’t Count

Posted on September 17, 2021 by | 12 comments

by Carol J. Bova

In a blog post published yesterday, I noted that the Virginia Department of Health (VDH) COVID-19 dashboard breaks down vaccination status by racial/ethnic group and by age, but not by racial/ethnic groups and age.

Thinking that VDH might possess the data, even if it had chosen not to publish it, I submitted a Freedom of Information Act request. The answer can be seen in the screen grab above: “The record does not exist.” Continue reading →

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Posted in Public safety & health, Race and race relations

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VDH Should Show Vaccinations for Age and Race Together

Posted on September 16, 2021 by | 8 comments

by Carol J. Bova

Jim Bacon used an infographic from the Virginia Department of Health (VDH) in his recent post, God, COVID and the Rage Against the Unvaccinated showing the percent of the eligible population in Virginia with at least one dose.

What the infographic doesn’t say is the numbers are based on Virginians age 12 and up. When you look at another VDH chart by age, you see some pretty impressive numbers from age 35 and up, ranging from 71.0 to 89.9 percent. Continue reading →

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Posted in Race and race relations

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Gloucester School Board Nixes CRT

Posted on August 13, 2021 by | 5 comments

CRT in Gloucester County Schools? No thanks.

by Carol J. Bova

The Gloucester County Public School Board spelled out its opposition to indoctrination or teaching that encourages hate and division in Gloucester public schools in its Tuesday meeting. The Board voted 6 to 0 for a resolution opposing Critical Race Theory in their school district’s curriculum.

The resolution printed in the Mathews Gloucester Gazette Journal said:

Gloucester County Public Schools (in alignment with the mission, vision and core values of the school district) will not teach or embed material designed to indoctrinate students to specific beliefs, teach or encourage in any matter hate or division based on race, creed, color or religion, and confirm that topics such as, but not limited to, Critical Race Theory and The 1619 Project, are not, and will not be, part of the GCPS curriculum.

Continue reading →

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Posted in Culture wars, Education (K-12), Race and race relations

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Making Money from Cultural Cleansing

Posted on July 26, 2021 by | 39 comments

This imagery was in preparation of the $430,000 contract with the University of Virginia to remove the George Rogers Clark bronze sculpture located at the UVa Corner Park.

by Carol J. Bova

Richmond business owner Devon Henry is best known for his role as owner of NAH, LLC, for procuring a $1.8 million contract from Richmond Mayor Levar Stoney to take down Richmond’s Confederate statues. While Stoney’s handling of the contract outside the normal procurement process became a political liability — a special prosecutor and the Virginia State Police are still investigating the deal — Henry has become the go-to guy for taking down monuments to Confederate generals and other symbols out of fashion with Virginia’s political class.

Henry built a construction company, Team Henry Enterprises, winning bids as a minority contractor, primarily from the federal government. In 2018, Team Henry broke into the state/local contracting business with a contract to erect the Memorial to Enslaved Laborers at the University of Virginia, which after eleven revisions totaled $5.5 million. Continue reading →

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