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Business

Why, Yes, It Was

Cecilia Kang reports AT&T Chief Says Hiring Michael Cohen Was a ‘Big Mistake’: WASHINGTON — Randall L. Stephenson, AT&T’s chief executive, said on Friday that the company had made a “big mistake” by hiring President Trump’s personal lawyer, Michael D. Cohen, to advise on the telecommunications giant’s deal to buy Time Warner. “Our company has been…

Foxconn as Alchemy: Magic Multipliers

The Foxconn plant isn’t even built yet, but the Walker Admin and its allies (including a few local apologists for corporate welfare in Whitewater) now resort to fantastic, magical claims about how much economic development will come from nearly four billion in taxpayer subsidies. So magical, so fantastic, that they now claim an 18-1 multiplier…

A National Study on Big-City Economic Development

What’s the relationship, if any, between economic development and inclusion? A study from the Brookings Institution (Metro Monitor 2018) suggests that for large metropolitan areas, there may be one. (I’ll not try to fit these data into a local container. That’s why there’s no ‘The Scene from Whitewater Wisconsin’ logo attached to this post.) Here’s…

10 Key Articles About Foxconn

➤ Foxconned (“How much is Wisconsin paying for a Taiwanese manufacturer’s jobs?”): Already, it is hazy just how much of a boost to the local economy Foxconn is expected to make. The company said it planned to hire 3,000 workers over four years, whereas the state said the new facility would create 13,000 jobs with an average…

The Market

There’s an editorial at Royal Purple that contends a future Grocery store should accommodate students. The editorial makes sound points for pricing outreach to students, but my focus here isn’t merely a supermarket or co-op, but the general economic market of Whitewater and nearby, smaller towns (some of which are part of the local school…

Canadian Milk Producers Seek Regulatory Help to Defeat American Competition

The video below, from the Journal Sentinel, describes how Canadian dairy farmers, unable to compete in the market with Wisconsin & New York dairies, have sought regulatory help from the Canadian government because they cannot manage the volume of American milk production. (Rather than concede their own competitive inferiority, they’ve predictably blamed American dairies for producing…

What a Card! Jean Card’s Comedic Claim That Trump Will Rein in Crony Capitalism

Jean Card is a weekly blogger at U.S. News & World Report (yes, it’s still in publication), former speechwriter for the secretaries of Labor (2001-03) and Treasury (2004-06) in the Bush Administration, and owner of Jean Card Ink, where she is “a writer and communications consultant with a proven track record of translating public policy jargon and government-speak…

Trump’s Carrier Deal (Update): Fewer Longterm Jobs

Sometimes, a state-cajoled, anti-market confidence game unravels quickly, revealing the fraud that it is. Trump’s Carrier deal is one of those occasions. Three days ago, the news was that Trump’s Carrier deal was worth hundreds fewer jobs than he’d proudly boasted. (See, Trump’s Carrier Deal: Fewer Saved Jobs With Each Passing Day: ““We found out today…

Grocery Preliminaries (Part 3)

I’ve written a bit about the search for a grocery in Whitewater, but admittedly it has not been a principal topic for me. That’s not because I don’t think a grocery or co-op would be nice to have; it’s because I know it’s hard to sustain one. Retail grocers (independent ones most notably) operate under…