02 Dec 2008
New York serves AMD free Foundry lunch

Gosh, this didn't make the front page "bailout news", now did it? Yet that's exactly what it is: a government gimme sending tax dollars to private companies (or in this case, a foreign government).

If that's not "redistribution of the wealth" I don't know what is. But I'll betcha there will be no protests by Chambers of Commerce over this deal.

As state and local governments across the U.S. starve for revenue during the ongoing financial meltdown, AMD and its Abu Dhabi-based partner, Advanced Technology Investment Co., were yesterday unanimously voted $1.2bn in tax and cash incentives from New York's Empire State Development Corp., according to a report published in Albany's The Business Review.

(link) [The Register]

20:10 /Politics | 0 comments | permanent link

Tin Ears

Ya know, the Big Three from Detroit sure have been taking a beating in the media for having "tin ears" - they came to Congress hat and hand begging for bailouts via corporate jet.

And AIG, already the recipient of Federal largess, has been excoriated in the press for their recent junkets. Even the President was outraged.

Bear this "outrage" in mind as you munch your Big Mac (or macaroni and cheese) and consider upon whose head the real "tin ears" can be found ...

Menu for the Dinner in Honor of the Summit on Financial Markets and the World Economy

Fruitwood-smoked Quail with Quince Gastrique
Quinoa Risotto

Landmark Chardonnay “Damaris Reserve” 2006

Thyme-roasted Rack of Lamb
Tomato, Fennel and Eggplant Fondue
Chanterelle Jus

Shafer Cabernet “Hillside Select” 2003

Lolla Rosa, Red Oak and Endive
Cider Vinaigrette
Baked Vermont Brie with Walnut Crostini

Pear Torte
Huckleberry Sauce

Chandon Étoile Rosé

(link) [The White House]

via laudator temporis acti

20:03 /Politics | 0 comments | permanent link