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Daily Bread for 10.27.20

Good morning.

Tuesday in Whitewater will be mostly cloudy with a high of forty.  Sunrise is 7:24 AM and sunset 5:52 PM, for 10h 28m 11s of daytime.  The moon is a waxing gibbous with 85.2% of its visible disk illuminated.

Today is the one thousand four hundred forty-ninth day. 

 On this day in 1864, Lt. William Cushing of Waukesha successfully leads an expedition to sink the Confederate ram, the Albermarle, which had imposed a blockade near Plymouth, North Carolina and had been sinking Union ships.

Recommended for reading in full — 

David J. Lynch reports Trump’s Carrier deal fades as economic reality intervenes (‘Jobs that were saved are dwarfed by others that left’):

The Carrier plant in Indianapolis is where outsourcing was supposed to have stopped.

Within days of winning the 2016 election, President-elect Donald Trump persuaded the company — in return for $7 million in Indiana state incentives and some presidential goodwill — to keep in the United States most of the 1,100 jobs it had planned to ship to Mexico.

“Companies are not going to leave the United States anymore without consequences. It’s not going to happen,” Trump told cheering Carrier employees when he visited the plant. “We’re not going to have it anymore.”

Trump advertised Carrier’s Dec. 1, 2016, announcement that it would preserve about 800 jobs in Indianapolis as a decisive break from decades of U.S. executives capitalizing on lower labor costs overseas at the expense of blue-collar workers at home.

Four years later, it has proved to be nothing of the sort.

This year alone, Indiana employers have sent more jobs to Mexico, China, India and other foreign countries than were saved at Carrier. Without headlines or presidential notice, at least 17 companies — names like Vibracoustic, Molnlycke Health Care, Allura, Altex, Stanley Black & Decker, Dometic, Johnson Controls and Horizon Terra — have closed plants or otherwise reduced employment in Indiana and moved jobs abroad, according to U.S. Department of Labor filings.

“We have many, many firms making these decisions, and Trump likes to negotiate these deals one at a time. It’s trade policy by press release, and often there’s nothing behind the press release,” said Robert Scott, senior economist with the Economic Policy Institute in D.C. “He makes a deal, smiles for the photographers, and then he walks away.”

 Kelly Meyerhofer reports UW-Madison announces another round of furloughs for most employees in 2021:

Roughly 16,000 university employees will take between three and six unpaid days off between Jan. 1 and June 30, reducing their pay between 2.5% and 4.6%. [Chancellor Rebecca] Blank and vice chancellors will take a 15% salary cut over those same six months. School and college deans will take voluntary 10% salary cuts.

The latest round of furloughs and salary cuts is expected to save $27 million, university spokesman John Lucas said. That’s about the same as what UW-Madison recouped when it imposed its first six-month furlough period that ends Friday.

The university estimates about $320 million in revenue losses and increased costs from March through the end of this fiscal year, which ends June 30. Some of that shortfall has already been made up for through the first round of furloughs, a hiring freeze, travel restrictions and other reductions.

But the budget gap is still “larger than any that we’ve faced in any past year,” Blank said.

 Record rain and flash flooding lash Australia’s east coast:

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