A blast from the past

[Technobarbarian]

This project never made sense in the first place. It continues to
die a very slow death.

<https://www.theverge.com/2020/10/12/21512638/wisconsin-foxconn-tax-subsidies-lcd-factory-rejected>

"Wisconsin denies Foxconn tax subsidies after contract negotiations fail
27
Foxconn isn’t building what it promised and failed to hire enough people

By Josh Dzieza@joshdzieza Oct 12, 2020, 1:03pm EDT"

"Through the many twists and turns of Foxconn’s troubled Wisconsin
project, one thing has long been clear: the company is not building the
promised 20 million-square-foot Gen 10.5 LCD factory specified in its
contract with the state. Even before President Trump broke ground on the
supposed factory in June 2018, Foxconn said it would instead build a far
smaller factory than it had proposed.

The discrepancy between what Foxconn is doing and what it said it would
do in its contract has only grown since then, and it has brought
Wisconsin and the company to an impasse. Documents obtained by The Verge
show that attempts to renegotiate that contract have so far failed, and
today, the Wisconsin Economic Development Corporation (WEDC), which
oversees the deal, rejected Foxconn’s application for tax subsidies on
the grounds that Foxconn had not carried out the Gen 10.5 LCD factory
project described in its original contract.

WEDC also noted that even if whatever Foxconn is currently doing had
been eligible under the contract, it had failed to employ the minimum
number of people needed to get subsidies. Foxconn needed to employ at
least 520 people at the end of 2019 to receive subsidies and claimed to
have hired 550, but WEDC estimated that only 281 would qualify under the
terms of the contract."
[snip]

https://en.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant

"Initially, the subsidies were set at $3 billion, which would have cost
the state $231,000 per job created (under the assumption of 13,000
jobs).[6] The cost of the subsidies were higher than yearly state
funding for the University of Wisconsin system and the state prisons.[6]
Other estimates of the subsidies go as high as $4.8 billion, which meant
that the cost of the subsidy per job (assuming 13,000 jobs) was more
than $346,000.[2] Depending on how many jobs are created, the cost per
job may go as high as more than a million dollars.[5]

Walker exempted the firm from Wisconsin's environmental rules regarding
wetlands and streams.[15][4] Walker and the Trump administration rolled
back air pollution limits in the area of the plant, overruling
objections of Environmental Protection Agency staff.[5][2][16] The plant
was estimated to contribute significantly to air pollution in the
region.[17] Environmentalists criticized the decision to allow Foxconn
to draw 7 million US gallons (26,000 m3) of water per day from Lake
Michigan.[4] The roughly 4 square miles (10 km2) of land necessary for
the Foxconn campus was in part made possible by forcing homeowners to
sell at a fixed price under the threat of seizing the land under eminent
domain.[5]

In 2018, the Walker administration shifted up to $90 million in local
road funding to road work related to the Foxconn factory.[18] The
Wisconsin state legislature granted Foxconn special legal privileges
within the Wisconsin judicial system.[5] In June 2018, President Trump
praised the plant, describing it as "the Eighth Wonder of the World."[7]
At the end of 2018, Foxconn did not qualify for $10 million in
subsidies, as it created only 156 of the 260 jobs required under the
agreement.[19] In 2019, an audit found only employed 113 full-time
workers of the 189 workers claimed met the criteria in the contract.[20]
[snip]

TB

[film...@gmail.com]

What was this mega enterprise going to build in the factory, circle jerk machines? Years ago, I witnessed a similar operation based on making hydrogen out of water. The investors got beautifully printed stock certificates.... The operator skunk several dope dealer pals of mine out of 100 grand, before he skipped town!

Scarface Montana

[bill horne]

film...@gmail.com wrote:

> What was this mega enterprise going to build in the factory,
> circle jerk machines? Years ago, I witnessed a similar operation
> based on making hydrogen out of water. The investors got
> beautifully printed stock certificates.... The operator skunk
> several dope dealer pals of mine out of 100 grand, before he
> skipped town!

The whole enterprise probably failed because they didn't have a plan
for using the leftover oxygen.

--
bill
Theory don't mean squat if it don't work.

[George Anthony]

bill horne <red...@rye.net> wrote:
> film...@gmail.com wrote:
>
>> What was this mega enterprise going to build in the factory,
>> circle jerk machines? Years ago, I witnessed a similar operation
>> based on making hydrogen out of water. The investors got
>> beautifully printed stock certificates.... The operator skunk
>> several dope dealer pals of mine out of 100 grand, before he
>> skipped town!
>
> The whole enterprise probably failed because they didn't have a plan
> for using the leftover oxygen.
>

They could have used it in congress when the democrats suck all the oxygen
out of the room.

--
Worst job in America? Sign language interpreter for Joe Biden.

[George Anthony]

https://ca.yahoo.com/news/trumps-new-pitch-to-voters-blue-states-are-going-to-hell-183953012.html

He Fido a windbag like you ought to know; hopefully it works out for you in November so you can go back to sniffing your own farts for entertainment. OTOH there is no doubt this MAGA thing is working 8 Million infected with COVID 220 K Death no other nation can touch the orange idiots record, India and Brazil tried but with the power of MAGA failure is guaranteed.
Bwah Hah Hah!

- Dump Trump and vote for winners.