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…
WEDC
Bad Ideas, Corporate Welfare, Daily Bread, Foxconn, Government Spending, WEDC, Wisconsin
Daily Bread for 9.16.22: At Foxconn, Workers Are Bored and Go Home Early
by JOHN ADAMS • • Comments
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…
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
by JOHN ADAMS •
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…
America, CDA, Common Council, Development, Economics, Economy, Free Markets, Local Government, Regulatory Capture, WEDC
Competition: Good for Individuals and Society
by JOHN ADAMS • • Comments
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, Corporate Welfare, Foxconn, Government Spending, Scott Walker, WEDC, Wisconsin
Foxconn: Perhaps – Perhaps – a Few Lessons Learned
by JOHN ADAMS • • Comments
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)
by JOHN ADAMS • • Comments
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
by JOHN ADAMS • • 2 Comments
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
by JOHN ADAMS • • Comments
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…
Speaker Vos, WEDC
Speaker Vos Appoints Himself to the WEDC Board
by JOHN ADAMS • • Comments
CDA, City, Development, Government Spending, Local Government, Poverty, WEDC
Whitewater Common Council Meeting, 1.19.21: 6 Points
by JOHN ADAMS • • 3 Comments
The Whitewater Common Council met last night, 1.19.21. The agenda for the meeting is available. A few remarks, on selected items of the agenda — 1. Public Works Buildings. Whitewater plans to update its public works buildings, now scattered over a multi-acre plot near Starin Road. The total estimated price is high for a small town (about…
CDA, City, Development, Government Spending, Local Government, Poverty, WEDC
Whitewater Common Council Meeting, 10.20.20: Basics and Buildings
by JOHN ADAMS • • Comments
The Whitewater Common Council met briefly last night, 10.20.20. The agenda for the meeting is available, and a recording of the session appears above. Two different topics are worth noting (for different reasons): autumn leaf collection and a building rehabilitation project. A few remarks — 1. Leaf collection. The city has many homes & apartments, the homes…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, Taxes/Taxation, Technology, Trump, WEDC, Wisconsin, WISGOP
Highlight’s from The Verge’s Foxconn Assessment
by JOHN ADAMS • • 2 Comments
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…
Bad Ideas, Boosterism, Business, CDA, Corporate Welfare, Foxconn, Gov. Walker, Government Spending, Speaker Vos, State Capitalism, State Government, Technology, WEDC, WISGOP
Accountability Comes Calling at Foxconn
by JOHN ADAMS • • Comments
After years of grandiose – ludicrous, truly – claims about Foxconn from Trump to Vos to boosters in Whitewater, Accountability has made her way to Foxconn. If not Accountability personified, then at least Missy Hughes (the new, Evers-appointed leader) of a slightly-reformed WEDC. Josh Dzieza of the national publication The Verge reports Wisconsin denies Foxconn tax…
CDA, City, Economy, Local Government, Poverty, State Government, That Which Paved the Way, Walworth County, WEDC, Wisconsin
Whitewater & Walworth County’s Working Poor, 2020 ALICE® Report
by JOHN ADAMS • • Comments
The 2020 ALICE® report, on those who are “asset limited, income constrained [yet] employed” is now available. These latest data were collected before the recent recession – one can be sadly confident that hardship reaches farther now. For Wisconsin, 11% of households were below the poverty level, and 34% (including those below the poverty level) were…