Politics | 2018 | Project Fear Leads To Anger; Anger Leads To Brexit; Brexit Leads To Suffering; Suffering Leads To Unity

By Laboured Go To PostThe post-CERN timeline.

By Francis Go To PostRemember when they were starting up the Large Hadron Collider? Man, I was shitting bricks. Doomsday galore.

By LFMartins86 Go To PostUnsurprisingly, Bolsonaro was elected in Brazil.
Fuck him and anyone who voted for him, bunch of idiots.

By batong Go To PostRonaldinho and Rivaldo are apparently big supporters.

Mes que un supporter

By Elchele Go To PostDo they realize they are black

By rvy Go To Postdoesn't matter, if you listen to people being interviewed they were complaining about corruption and 16 years of PT.

By Elchele Go To Post16 years of progress and economy growth. Poverty went down and equality went up in a dramatic way. But yeah, let's forget that because there were corrupt politicians in the party. Surely Bolsonaro won't be corrupt like all the politicians in the continent

By Francis Go To PostTrump called to congratulate Bolsonaro because of course he did.

By Elchele Go To PostDo they realize they are black

By FortuneFaded Go To PostThat’s what world leaders do m8. It’s called diplomacy

By Elchele Go To PostDo they realize they are black

By FortuneFaded Go To PostI decided since we are halfway to the next general election to have a look at the 2020 Democrat Candidate odds

The details of the deal were famously written on the back of a napkin when Gou and the Republican governor first met: a $3 billion state subsidy in return for Foxconn’s $10 billion investment in a Generation 10.5 LCD manufacturing plant that would create 13,000 jobs.

The size of the subsidy was stunning. It was far and away the largest in Wisconsin history and the largest government handout to a foreign company ever given in America. Like most states, Wisconsin had given subsidies to companies in the past, but never higher than $35,000 per job. Foxconn’s subsidy was $230,000 per job.

But Walker was elected in 2010 on a promise of creating 250,000 new jobs in the state in his first term as governor. Six years into his tenure, he still was far short. Running for a third term in 2018, he badly needed a big win.

And the Foxconn deal was beyond big. Some predicted that bringing the company that manufactures devices for Apple and many other tech giants to the state would create the “Silicon Valley of Wisconsin,” which is no small claim in a state that’s far from a high-tech hotbed. Conservatives predicted Walker’s re-election would be a slam dunk on the back of the deal.

With other small costs added, the total Foxconn subsidy hit $4.1 billion — a stunning $1,774 per household in Wisconsin.

Back when the subsidy was $3 billion, Wisconsin’s non-partisan Legislative Fiscal Bureau estimated that it would take until 2043 for taxpayers to recoup the subsidy. This long payback period was due to Walker and Republicans effectively cutting the state’s corporate income tax for manufacturers to zero in 2011. This meant the subsidies to Foxconn would not be a tax write-off, but billions in cash that would be paid back by state income taxes paid by Foxconn workers. At $4.1 billion, the payback date for the state was likely 2050 or later.

Some doubt the subsidy will ever actually be recouped. “Realistically, the payback period for a $100,000 per job deal is not 20 years, not 42 years, but somewhere between hundreds of years and never,” wrote Jeffrey Dorfman, an economics professor at the University of Georgia, in a story for Forbes. “At $230,000 [or more] per job, there is no hope of recapturing the state funds spent.” And this was before the subsidy had risen to $4.1 billion, or about $315,000 per job.

Just seven weeks later, in late August, the company announced the plans had changed yet again — far more radically. Woo told the Racine Journal Times that Foxconn would never add a Gen 10.5 plant to its Racine campus, despite past statements, because by the time it was built, the market would be glutted by other manufacturers in China.

And even the Gen 6 panels might not be manufactured in Racine for long. “We are not really interested in television,” Woo told the newspaper, though he said the company wants to build America’s first thin-film transistor (TFT) fabrication, which can be used in LCD products. Rather, Woo said, workers at the Wisconsin plant will be focused on figuring out new ways to use Foxconn’s display, cellular, and AI technology, building out an “ecosystem” Woo calls “AI 8K+5G.”

All this means Foxconn needs far fewer assembly line workers. “If, six months ago, you asked me, what would be the mix of labor? I would pull out the experience that we have in China and say, ‘Well, 75 percent assembly line workers, 25 percent engineers and managers,’” Woo said. But “now it looks like about 10 percent assembly line workers, 90 percent knowledge workers.”

By reilo Go To PostKanye becoming a conspiracy theorist isn't all that shocking tbh.

Also, there's no real need to shit up the Politics thread with Kanye's bullshit. He's not a politician, he's just adjacent to Trump right now.

By FortuneFaded Go To PostTrump is winning in 2020 anyway.

By Lunatic Go To PostOnly Smoke Dogg is allowed to shit up this thread Fender.

By Fenderputty Go To PostNot sure how tbats shitting up a poli thread.

By reilo Go To PostNot about the twitter thread, it's about treating Kanye like he's political news. Fuck that guy.

U.S. officials told Reuters last week the military will have not have an active law enforcement role, instead sending engineers, pilots and other support staff including some that may be able deal with crowd control on the U.S. side of the border. Pentagon officials declined comment on Monday.

Last week, Defense Secretary Jim Mattis authorized the use of troops and other military resources at the U.S-Mexico border. U.S. officials told Reuters they would begin deploying as soon as Tuesday and their mission was authorized through mid-December.

That authorization could be extended, they noted.

Mattis’ authorization last week allowed the military to provide “mission-enhancing capabilities” to U.S. Customs and Border Protection to help build temporary barriers and housing.

On Sunday, Mattis told reporters that some construction materials were already being moved to the border, including barriers. He said the Department of Defense was still planning the logistics and details of the deployment.