“What is the meaning of life? That was all- a simple question; one that tended to close in on one with years, the great revelation had never come. The great revelation perhaps never did come. Instead, there were little daily miracles, illuminations, matches struck unexpectedly in the dark; here was one.”
― from TO THE LIGHTHOUSE By Virginia Woolf, 1927
Another Trump jobs promise bites the dust. Foxconn, the Taiwanese technology giant and major Apple supplier, had pledged to build a $10 billion display-panel factory in Wisconsin along with 13,000 manufacturing jobs. Now it's backing out of the plan.
Announced by Trump at a White House ceremony in 2017, it was going to be the largest greenfield investment by a foreign-based company in American history. Trump praised it as proof of his ability to revive American manufacturing. He even attended a groundbreaking ceremony last summer.
Foxconn’s explanation for pulling out of the deal? American blue-collar workers just cost too much relative to workers in China and Mexico. But didn’t Foxconn know that when it entered into the deal? (The company will hire about 1,000 American engineers and researchers instead.)
Foxconn’s pullout is probably good for Wisconsin, which was putting up $4.5 billion in tax incentives and infrastructure for the plant – or about $230,000 per job. In addition, the company has a lousy record on worker safety and other labor protections.
All told, how is Trump’s "manufacturing renaissance" going? America added 196,000 manufacturing jobs last year, the most in any year since 2014. But we still have a long way to get back to where manufacturing was before the recession. As of December 2017, there were 12.5 million manufacturing jobs in America -- 1.2 million fewer than a decade earlier. As that rate, it would take until nearly 2023 just to get back to 2007.
Maybe Only Tim Cook Can Fix Facebook’s Privacy Problem Apple’s chief executive has taken Facebook and Google to task for the misuse of user data in the past, calling privacy a “fundamental human right.” Mr. Cook could effectively become a technology regulator of last resort, forcing software companies to play by the rules, our columnist writes. 1h ago
Red Dog is a 2011 Australian comedy-drama family film written by Daniel Taplitz, directed by Kriv Stenders and produced by Nelson Woss and Julie Ryan. It stars Koko as the title character, Josh Lucas, Rachael Taylor, and John Batchelor. The film is based on the true story of Red Dog and uses the nov...