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Business, Daily Bread, Development, Foxconn, Hubris, Speaker Vos, State Government, WEDC, Wisconsin

Daily Bread for 12.29.22: Pyromanic Criticizes Fire-Safety Efforts

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Good morning. Thursday in Whitewater will be mostly cloudy with a high of 52. Sunrise is 7:25 AM and sunset 4:29 PM for 9h 04m 23s of daytime. The moon is a waxing crescent with 44.4% of its visible disk illuminated.  On this day in 1845, the United States annexes the Republic of Texas. Foxconn was, and…

Babbittry, Boosterism, CDA, Charity, City, Corporate Welfare, Culture, Daily Bread, Development, Economics, Economy, Free Markets, Housing, Local Government, Poverty, School District, Zoning

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

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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,…

CDA, City, Daily Bread, Development, Economics, Economy, Government Spending, School District

Daily Bread for 7.19.22: Individual and Household Well-Being

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Good morning. Tuesday in Whitewater will be mostly sunny with a high of 89. Sunrise is 5:34 AM and sunset 8:28 PM for 14h 53m 39s of daytime.  The moon is a waning gibbous with 61.5% of its visible disk illuminated. Whitewater’s Common Council meets at 6:30 PM.  On this day in 1903, Maurice Garin wins…

Bad Ideas, Business, Daily Bread, Development, Foxconn, Government Spending, Trump

Daily Bread for 2.6.22: Food Dye, the Eighth Wonder of the World!

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  Good morning. Sunday in Whitewater will be intermittently cloudy with a high of 37.  Sunrise is 7:02 AM and sunset 5:15 PM for 10h 13m 11s of daytime.  The moon is a waxing crescent with 30.9% of its visible disk illuminated.  On this day in 1967, nationally-known activist Stokely Carmichael speaks at UW-Whitewater as part of…

Bad Ideas, Books, Confidence Schemes, Conflicts of Interest, Corporate Welfare, Daily Bread, Development, Foxconn, Mendacity, Scott Walker, State Capitalism, Trump, WEDC

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

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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…

City, Conspiracy Theories, Development, Disinformation, Economy, Ignorance, Local Government, Medicine, School District, Vaccines

Daily Bread for 9.26.21: The Vaccine Divide and the Economic Divide

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Good morning. Sunday in Whitewater will be partly sunny with a high of 82.  Sunrise is 6:47 AM and sunset 6:43 PM for 11h 55m 49s of daytime.  The moon is a waning gibbous with 73% of its visible disk illuminated.  On this day in 1789, George Washington appoints Thomas Jefferson the first United States Secretary…

America, CDA, Common Council, Development, Economics, Economy, Free Markets, Local Government, Regulatory Capture, WEDC

Competition: Good for Individuals and Society

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Pres. Biden plans measures to increase market competition. David Leonhardt reports Biden’s New Push (‘The U.S. economy suffers from a lack of competition. President Biden wants to change that’): The U.S. economy has been less dynamic in the 21st century, by many measures, than it was in the late 20th century. Fewer new businesses are starting.…

Bad Ideas, Boosterism, Development, Foxconn, Government Spending, Politics, Scott Walker, Speaker Vos, Trump, WEDC, Wisconsin

Adding the Amounts Spent for Foxconn (So Far)

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Wisconsin’s new deal with Foxconn will reduce the cost to state taxpayers, but local governments have already spent vast sums on a project that will not – by Foxconn’s own belated admission – come close to what was originally, and ludicrously, promised. Bruce Murphy writes of The True Costs of New Foxconn Deal: the true cost…

Bad Ideas, CDA, Development, Foxconn, Scott Walker, Trump

Foxconn: Seth Meyers on One of Trump’s (and Walker’s) Biggest Scams, the Foxconn Deal

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The Wisconsin Foxconn project that Trump, Walker, and local development men touted was a house of cards, with each card in the deck no better than a three of spades. Their supposedly serious effort now finds itself a national punchline. Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers,  Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s…

Bad Ideas, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Mendacity, Scott Walker, Trump, WEDC

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

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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…

Bad Ideas, Corporate Welfare, Development, Foxconn, Marketing, Mendacity, Public Relations, Scott Walker, Special Interests, State Capitalism, State Government, WEDC, WISGOP, YMBFKM

Foxconn’s Venture Capital Fund

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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…