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Bad Ideas, Business, Corporate Welfare, Daily Bread, Foxconn, Government Spending, Kleefisch, Michels, No Honor Among Thieves, Politics, Scott Walker, Trump

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

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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…

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…

Business, City, Daily Bread, Government Spending, Local Government, School District

Daily Bread for 5.5.22: What It Means When Even the World’s Richest Man Has to Look for Financing

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Good morning. Thursday in Whitewater will be cloudy with a high of 59.  Sunrise is 5:43 AM and sunset 7:59 PM for 14h 15m 53s of daytime.  The moon is a waxing crescent with 12% of its visible disk illuminated. Whitewater’s Landmarks Commission meets at 6 PM, the Police and Fire Commission at 6:30 PM, and…

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, Confidence Schemes, Daily Bread, Government Spending, Local Government, School District

Daily Bread for 1.4.22: Theranos? Yeah, We Have a Few…

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Good morning. Tuesday in Whitewater will be sunny with a high of 30.  Sunrise is 7:25 AM and sunset 4:35 PM for 9h 09m 40s of daytime.  The moon is a waxing crescent with 4.5% of its visible disk illuminated.  On this day in 1923, Milton College president A.E. Whitford bans dancing by students in off-campus, semi-public…

Bad Ideas, Corporate Welfare, Foxconn, Government Spending, Scott Walker, WEDC, Wisconsin

Foxconn: Perhaps – Perhaps – a Few Lessons Learned

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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…

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, 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…