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Corporate Welfare

Daily Bread for 9.28.22: Local and National Views of Child Poverty

Good morning. Wednesday in Whitewater will be mostly sunny with a high of 58. Sunrise is 6:49 AM and sunset 6:40 PM for 11h 50m 44s of daytime. The moon is a waxing crescent with 7.6% of its visible disk illuminated.  Whitewater’s Parks & Recreation Board meets at 5:30 PM.    On this day in 1781,…

Daily Bread for 9.27.22: Housing Opportunity and Opportunity’s Adversaries

Good morning. Tuesday in Whitewater will be partly sunny with a high of 56. Sunrise is 6:48 AM and sunset 6:42 PM for 11h 53m 38s of daytime. The moon is a waxing crescent with 2.8% of its visible disk illuminated.  Whitewater’s Finance Committee meets at 4:30 PM.   On this day in 1777, Lancaster, Pennsylvania becomes…

Daily Bread for 9.26.22: Up from Business to Markets

Good morning. Monday in Whitewater will be partly sunny with a high of 60. Sunrise is 6:47 AM and sunset 6:44 PM for 11h 56m 31s of daytime. The moon is a waxing crescent with 0.6% of its visible disk illuminated.  Whitewater’s Urban Forestry Commission meets at 4:30 PM, and the Whitewater Unified School District’s board…

Daily Bread for 9.16.22: At Foxconn, Workers Are Bored and Go Home Early

Good morning. Friday in Whitewater will be partly sunny with high of 79. Sunrise is 6:36 AM and sunset 7:02 PM for 12h 25m 20s of daytime. The moon is a waning gibbous with 61.9% of its visible disk illuminated.   On this day in 1959, the first successful photocopier, the Xerox 914, is introduced in a…

Daily Bread for 9.12.22: Ron Johnson, the Corporate Welfare Beneficiary (and Ideological Fraud)

Good morning.   Monday in Whitewater will be rainy with high of 63. Sunrise is 6:32 AM and sunset 7:09 PM for 12h 36m 48s of daytime. The moon is a waning gibbous with 93.4% of its visible disk illuminated.  Whitewater’s Planning Commission meets at 6 PM.    On this day in 490 BC, the conventionally…

Daily Bread for 9.6.22: The Boosters’ Big Capital but Small Society

Good morning. Tuesday in Whitewater will be mostly sunny with high of 76. Sunrise is 6:25 AM and sunset 7:19 PM for 12h 53m 53s of daytime.  The moon is a waxing gibbous with 79.9% of its visible disk illuminated.  The Whitewater Common Council meets at 6:30 PM.   On this day in 1803, British scientist John…

Daily Bread for 9.5.22: The Grandiose

Good morning. Labor Day in Whitewater will be party sunny with high of 74. Sunrise is 6:24 AM and sunset 7:21 PM for 12h 56m 42s of daytime.  The moon is a waxing gibbous with 69.5% of its visible disk illuminated.  On this day in 1942, the Japanese high command orders withdrawal at Milne Bay, the first major…

Daily Bread for 7.20.22: Michels Keeps His Money, Discards His Views

Good morning. Wednesday in Whitewater will be partly sunny with a high of 86. Sunrise is 5:35 AM and sunset 8:27 PM for 14h 51m 54s of daytime.  The moon is in its third quarter with 50.1% of its visible disk illuminated. On this day in 1969, Apollo 11‘s crew successfully makes the first manned landing on…

Daily Bread for 12.11.21: A Christmas Gift For, and About, Scheming Development Men

Good morning. Saturday in Whitewater will see snow this morning, of little accumulation, on an otherwise cloudy day with a high of 36.  Sunrise is 7:16 AM and sunset 4:20 PM for 9h 04m 43s of daytime.  The moon is a waxing gibbous with 55.4% of its visible disk illuminated.  On this day in 1901, Morris Pratt…

Foxconn: Perhaps – Perhaps – a Few Lessons Learned

Scott Cohn of CNBC reports After Wisconsin’s Foxconn debacle, states and companies rethink giant subsidies. Rethinking is a hopeful prospect, but there has been significant lasting damage, as Cohn reports: Economic development officials in Wisconsin say they are more than ready to move on to other matters now that they have renegotiated a massive subsidy deal…

Foxconn: New, More Realistic Deal Means 90% Reduction in Goals

After years of flamboyant lies about what Foxconn would be able to achieve in Wisconsin, there’s a new deal with that foreign corporation. That new arrangement reflects a reduction of 90% or more in what Wisconsin expects and what the state will offer. Local governments have already wasted millions on absurdly grandiose, false promises Not…

Foxconn’s Venture Capital Fund

Bruce Murphy has a solid assessment of Foxconn’s much-touted (by Foxconn) venture capital fund in About That Foxconn Venture Capital Fund. It’s well worth reading in full. A few key points: Unfulfilled: Louis Woo of Foxconn had promised this venture fund for startup companies would naturally connect to Foxconn’s innovation centers in Eau Claire, Green Bay…

After Years of Promises, Foxconn Will Think of Something…by July

Years of claims, promises, declarations, announcements (and private homes destroyed along the way), and yet Foxconn still needs a bit of time to think of something to make. Just give ‘em a sec, they come up with something by July: Liu said that the company will announce what it will make in Wisconsin before July.…

Highlight’s from The Verge’s Foxconn Assessment

No failure better reveals the bankruptcy of corporate welfare in the Walker and Trump years than the Foxconn project in Wisconsin: exaggeration upon exaggeration, but nothing productive. This was a failure of judgment so obvious and significant that everyone involved should retire from policymaking. Walker Administration, Trump Administration, the WISGOP, the WEDC, down to Whitewater’s Community…