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Foxconn

Daily Bread for 3.23.22: For Foxconn, It’s Someday, Perhaps, Kinda, Sorta…

Good morning. Wednesday in Whitewater will see scattered showers with a high of 49.  Sunrise is 6:50 AM and sunset 7:11 PM for 12h 20m 27s of daytime.  The moon is a waning gibbous with 69.5% of its visible disk illuminated.  Whitewater’s Pedestrian and Bicycle Advisory Committee meets at 5:30 PM. On this day in 1909,…

Daily Bread for 3.1.22: In Mount Pleasant, Village Representatives Vote to Extend Their Own Terms

Good morning. Tuesday in Whitewater will be cloudy with a high of 43.  Sunrise is 6:28 AM and sunset 5:45 PM for 11h 16m 24s of daytime.  The moon is a waning crescent with 1.9% of its visible disk illuminated. Whitewater’s Alcohol Licensing Committee meets at 6:15 PM, and the Whitewater Common Council meets at 6:30 PM. On…

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

  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…

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…

Adding the Amounts Spent for Foxconn (So Far)

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…

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

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…

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.…

Private Developer Sues Foxconn, Others Over Failure to Build as Promised

Richard Torres reports Lawsuit says Foxconn’s failure to create a high-tech screen plant cost local governments hundreds of millions of dollars: Foxconn Technology Group is in breach of contract for failing to construct a high-tech screen plant in Mount Pleasant, while local governments spent hundreds of millions of dollars to prepare for the project, according to…

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…