Intel To Invest $7 Billion in Factory in Arizona, Employ 3,000 People (cnbc.com) 217
Intel CEO Brian Krzanich met with President Donald Trump on Wednesday, where the company announced it will invest $7 billion in a factory employing up to 3,000 people. From a report: The factory will be in Chandler, Arizona, the company said, and over 10,000 people in the Arizona area will support the factory. Krzanich confirmed to CNBC that the investment over the next three to four years would be to complete a previous plant, Fab 42, that was started and then left vacant. The 7-nanometer chips will be produced there will be "the most powerful computer chips on the planet," Krzanich said in the Oval Office with the Trump administration. Most Intel manufacturing happens in the U.S., Krzanich said. "America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled U.S. companies like Intel to foster economic growth and innovation," Krzanich said in a statement. "Our factories support jobs -- high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located."Farhad Manjoo, columnist at The New York Times, tweeted; "As far as I can tell the decision had nothing to do with Trump, but they decided to announce with Trump. Why? There was no federal subsidy or any other credit. So it's just a marketing decision to give Trump credit."
As far as a journalist can tell? (Score:4, Insightful)
Journalists are idiots, who only know what they're told.
Why would Intel be sharing its CapEx decision-making process with a journalist?
If the Journalist really knew, he'd go back through his "notes" and find the list of where Intel's proposed fab was going to be, then hunt down the decision-making process.
But he can't, so he basically is saying "I don't believe them because I have no information."
What an f-tard.
Re:As far as a journalist can tell? (Score:5, Interesting)
You'll note there's nothing to not believe. The journalist was simply pointing out that there is no apparent reason for this announcement to come from Intel's CEO while he's in the Oval Office. Nothing in the announcement, brief, or subsequent details suggests this has anything at all to do with Trump. Except the location of the announcement.
H's just confused about why it took place in the Oval Office. There's two possible reasons really:
(1) Trump did something to prompt this decision. In which case, I would expect, based on Trump's personality, that he'd be telling everyone who will listen how he did it.
(2) Trump didn't do anything except arrange for the announcement to come from inside the Oval. I personally think this is the case - it gives people (like you) that want to believe he's doing something a talking point, valid or not - and two, it gives Intel the perception of being both pro-trump and meh-trump at the same time.
The short version here is that we're being fed something. I hesitate to call it bullshit, because nobody said anything weird - but it certainly looks like people are trying to play some kind of game here.
Re:As far as a journalist can tell? (Score:5, Interesting)
The short version here is that we're being fed something. I hesitate to call it bullshit, because nobody said anything weird - but it certainly looks like people are trying to play some kind of game here.
Yes, this is PR, and Trump has said that one of the jobs of President is "chief cheerleader." So if you make jobs in the country, Trump is going to give you an bouquet. If you make jobs leave the country, he's going to give you a brickbat. Whether the decisions had anything to do with him or not are irrelevant.
Economies are self-fulfilling prophecies. If people believe the economy is going to get better, they go out and spend money. This makes the economy better. If people believe the economy is going to get worse, they stop spending money. This makes the economy worse.
Re:As far as a journalist can tell? (Score:4, Insightful)
Journalists are idiots, who only know what they're told.
Why would Intel be sharing its CapEx decision-making process with a journalist?
If the Journalist really knew, he'd go back through his "notes" and find the list of where Intel's proposed fab was going to be, then hunt down the decision-making process.
But he can't, so he basically is saying "I don't believe them because I have no information."
What an f-tard.
The past few months has been a steady line of CEOs coming to Trump to re-announce existing job creations, things that most definitely had nothing to do with Trump. But since Trump is a crony capitalist they recognize it's important to buy favour with Trump by giving him credit.
The default assumption for any new job announcement credited to Trump should be that it's more of the same, jobs created for other reasons but credited to the President to curry favour.
Unless there's evidence to the contrary there's sufficient information to assume this has nothing to do with Trump.
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Exactly. Building multi-billion-dollar fabs in Arizona is not something new for Intel; it's a favorite site of theirs for whatever reasons (probably real estate costs, availability of qualified workers, cheap electric power, lack of bad weather and natural disasters, etc.). They would have built this fab there anyway.
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The reason, security. The only way for governments to maintain secure computer systems is to have them fully fabricated within the country, every single part, with random audits and inspections at manufacturing centres, basically there is no other way to do it. Trusting another country with your computer infrastructure is basically handing over control of your countries computer infrastructure to that other country, a really unwise decision. The US government has flat out fully proven it can not be trusted
Re:As far as a journalist can tell? (Score:5, Insightful)
Trump is a cheerleader for economic growth. If you make jobs, he's going to give you good publicity. If you make jobs leave, he's going to give you bad publicity. This encourages companies to do business in the US, which grows the economy. Doesn't matter if it had anything to do with Trump's policies or not.
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Fucktard? If that's the best comment you have then simply don't post.
reasons enough: tax cuts and deregulatory policies (Score:5, Informative)
Does Farhad Manjoo actually read the rest of the NY Times?
Wake up NY Times and start acting like a real fourth estate.
https://www.nytimes.com/2017/02/08/technology/trump-intel-chip-factory-arizona.html?_r=0
"The factory, which will complement two other factories that Intel has in Chandler, Ariz., has been under consideration for several years. But Mr. Krzanich said that the tax cuts and deregulatory policies pushed by Mr. Trump had prompted the company to move forward with its plans."
Re:reasons enough: tax cuts and deregulatory polic (Score:5, Interesting)
"[...] But Mr. Krzanich said that the tax cuts and deregulatory policies pushed by Mr. Trump had prompted the company to move forward with its plans."
Tax cuts and deregulatory policies that Trump only talked about. No executive order will change or enact these items. The Republicans are too busy arguing among themselves on how to repeal and replace ObamaCare that they don't have time for anything else. We're overdue for a recession. I look forward to buying stocks on the way down.
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Mr. Trumpâ(TM)s action on the fiduciary rule, which Democrats and consumer groups immediately denounced as a gift to Wall Street, could have a more concrete impact. His memorandum directs the Labor Department to review whether the rule may "adversely affect" investors' ability to access financial advice — and if it does, it authorizes the agency to rescind and revise the rule.
The fiduciary rule would have saved consumers $17B per year by forcing financial advisers to consider the best interest of their client and not themselves. You're okay with Wall Street ripping you off in your retirement accounts?
"the most powerful computer chips on the planet" (Score:3, Insightful)
Does that mean they'll be 0.002% faster than the last generation of chips? I knew Intel's chips weren't improving at any great pace, but even I was surprised when I saw HardOCPs benchmarks comparing a five generation old Sandy Bridge 2600K to the latest Kaby Lake 7700K:
http://www.hardocp.com/article/2017/01/13/kaby_lake_7700k_vs_sandy_bridge_2600k_ipc_review/2
I'm not feeling any need to upgrade my i7 3770, and if I did I'd probably go for a Ryzen since the market desperately needs some competition.
If Ryzen turns out to be good Intel will no doubt just bribe all the OEMs to use their chips, just like they did when AMD got well ahead of them with the Athlon.
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I think Intel is genuinely on alert with respect to AMD. Intel's recent actions have led me believe that the Ryzen really is a very good CPU. Have you noticed in the last six weeks or so that Intel has been hammering the airwaves with ads? Not since the days of "Intel Inside" have I seen so much hype. These advertisements feature a Pee Wee Herman type guy walking around some business district yacking about how Intel powers all the self driving cars, Intel powers the cloud, etc. etc. It's without substance
Intel a chronic cheater on benchmarks (Score:2)
And they were found guilty of bribing vendors not to use AMD chips.
Intel partners with software companies, and gets them to use their compiler that switches off optimizations on non-Intel CPUs 'just because...' regardless of capabilities.
And now they're pushing Trump's deregulation pro-pollution agenda. That's the last straw from these crooked people.
BK is doing the right thing (Score:2, Insightful)
Intel always builds its new fabs in chandler - so this really ISN'T news. What would be news would be if Intel were for some reason to break with this and not invest in chandler first.
Considering how Trump trashed Boeing's share price - is it any wondering BK and the Intel board are giving the vainglorious moron the chance to bask in Intel's reflected glory ?
This is the definition of a propaganda piece - roughly akin to when Kim Jong Un 'directs' nuclear tests or 'gives guidance' to actual surgeons in hospi
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One set are prototype fabs, the other are production.
He's making it up as he goes along! (Score:4, Insightful)
"As far as I can tell" = I have know information, no source and don't know anything about the industry, but I'll make something up anyway.
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Do you think that Trump somehow made a deal? The only information the article has is:
Intel has a number of semiconductor fabrication plants in the US. In fact, they have 4 in Chan
Because... (Score:2, Insightful)
Trump is an extremely vindictive and extremely vain man - if you stroke his vanity then he will likely provide benefit (influence government contracts; direct regulators to do favorable actions) and if he feels he has been slighted he will be highly vindictive.
So giving him credit plays into his vanity.
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Well it does kind of work in a way, every business that has a few jobs to keep in USA will show up at his door; "See, this is for you!"
It will create the impression that his influence is working. The number of jobs be damned.
But 2017 will of course be an economic boom year, and we can thank Trump for that.
2018 however, the economy will tank, and we can blame Obama for that.
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2018 however, the economy will tank, and we can blame Obama for that.
Does this mean we've officially ended the last eight years where we blamed Bush for everything?
America is a disaster... (Score:3, Insightful)
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You obviously don't have all of the alternative facts.
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You obviously don't have all of the alternative facts.
I just make it up as I go along. If it works for Trump, it should work for me.
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Hm, as a non american I think you have it somehow reversed.
The USA *are* a massive cluster fuck and Trump voters think it is not.
But that is just me, seeing your comment on "alternative facts" below ;D
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then libs hold the record for consistently using the world's largest paintbrush.
I'm a moderate conservative. I don't need a broad paintbrush.
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Trump voters believe that the US government is a massive clusterfuck. People who deal with the real world knows that's very true.
Will be once Trump gets done running the government into the ground.
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Yes, yes, of course, since the US government was functioning SO well up until now...[eye-roll]
The Alt-Right had a website that portrayed California as being a racist hell hole where everyone lived in ghettos, armed to the teeth and ready to kill each other at the slightest provocation. If you drilled down into the details of these comments, most observations were made by white people who lived in California during the 1980's, currently live in outside of California and have no clue about social conditions in California today. I thought it was a satire website until several Slashdotters insisted that
taxes, regulations (Score:2)
Lower corporate taxes and fewer regulations seem like good incentives, and it's not just Trump but also the GOP Congress that's been around for a while.
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The rest of the country can go BOOM! like Texas a few years ago.
http://i.dailymail.co.uk/i/pix/2013/04/27/article-2315751-1981B3C1000005DC-728_634x450.jpg [dailymail.co.uk]
How many H1B workers? (Score:2)
This is terrible news! (Score:2)
No, I'm not sure why it's terrible news, but you know... it makes Trump look good.
Terrible news!
They Want Export Bans Lifted (Score:5, Interesting)
The US Gov't blocked Intel from selling their most powerful CPUs to China. Intel would like to roll that back since all it did was get China to create a high power domestic that they can now export to compete with Intel.
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Many of the highest-performing supercomputers (including China's most powerful) run on HPC cards made by video card companies (Nvidia/AMD). Considering the annual gains on performance of GPUs vs CPUs, this makes sense, and the FLOPS comparison makes the decision easy. Besides, Intel's most powerful chips are made in (IIRC) Germany and Malaysia, so I'm unsure how the USA would stop a European subsidiary from selling to China.
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Intel has no fabs in either Germany or Malaysia. There is some packaging and test in Malaysia, though.
If you are thinking of design, the cellular modem group (purchased from Infineon) has a major design center in Munich, and the Penang design center formerly did work on big cores.
Not Most Powerful Chips in 3-4 Years (Score:2)
3-4 years from now, competitors will already be on 5nm process, so Intel's finished 7nm plant won't be using the latest process. If production starts more on the 3-year side, they might be releasing 7nm chips a few months before AMD releases 5nm chips. Regardless, AMD will be on 7nm in 2 years, and if Ryzen is as competitive as rumors say, then Intel will be 1-2 years late. Assuming of course that this Fab 42 is Intel's first 7nm plant. They may end up using it to produce chipsets rather than 7nm CPUs that'
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Is that because Intel use metric nanometres?
Intel will probably close an older fab in Chandler (Score:4, Insightful)
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3,000 (Score:2)
Hire 3,000 refugees? That's a lot of Starbucks trips!
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I know you're trying to do yet more painting of Trump in a bad light by spreading "fake news" and "alternative facts", but if you'd bothered to keep up you'd know that two Republican senators voted no on Devos leaving a tie which had to be broken by Pence.
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Mostly because they were in states that are blue & more scared for their job than they are from trump.
Re:Trump scare maybe (Score:4, Insightful)
Mostly because they're beholden to the teacher's unions.
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But clearly not the children of their constituents.
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I know you're trying to do yet more painting of Trump in a bad light by spreading "fake news" and "alternative facts"
Nobody needs to paint Trump, he does that very well on his own. He literally is the greatest at it.
Heck, look at how many times he has had to backtrack on what he said previously. If you don't know, then you are just another peasant that's been conned into voting for someone who does not have your best interest at heart.
Re:Trump scare maybe (Score:5, Insightful)
You heard something about someone, so from that you extrapolate that the Intel chief is scared of Trump and so will commit $7 billion to avoid Trump saying something mean about him on Twitter.
Dumbest thing I've read today, but it's early.
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Speculation is all we have to go on. Maybe there were sneaky backroom deals made, or perhaps it's just one executives strange 'seemed like a good idea at the time,' or perhaps just an attempt to curry favor with those in power right now. Who knows? I don't.
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All successes in jobs in this country will be hailed as due to fear of tweet.
All jobs that move offshore will be 'pfft' -- stink jobs, that leave bad taste in my mouth.
It is best if you read this message as if Russian politburo babushka who has seen it all and is no longer impressed.
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Oh, no, he TWITTERED THEM. He attacked them with Twitter. Say it ain't so! Quick, get out while you can!
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Ooh! Ooh! I'm bleeding from that tongue lashing.
Look here, snowflake: words are not punishment.
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https://www.nytimes.com/2017/02/07/opinion/melania-trump-inc-imperiled.html [nytimes.com]
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Re:Trump scare maybe (Score:4, Insightful)
Oh bullshit. The checks and balances built into the American political system seem to be working just fine.
He might do shit that you and I don't - and trust me I really don't like him - but he is not Hitler 2.0 even tho he might want to be, nor will he sell the nation off to the highest bidder.
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I clearly remember Bushitler, so Trump must be Hitler 3.0.
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This has nothing directly to do with Trump. The world is forcing the US to transition to a UN mediated fixed exchange rate system with a supranational reserve currency that will function like Keynes' Bancor. The USD will drop in value, which will make imports much more expensive (probably around 20%, which is greater than most profit margins).
To the extent Trump is a part of this, it is because Congress has for 10 years dragged their feet to enact appropriate measures, and there will likely be a great dea
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It's not about Trump, but people being so worried about their jobs, they're willing to vote on trump to get em.
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Republicans in Congress know that if they don't fall in line with President Bannon, they'll get primaried in their next election.
Only two Republicans went against Trump on DeVos. Susan Collins has nothing to fear and everything to gain with her vote. She is popular in Maine, and the core of the Maine Republican Party is far more moderate than at the national level. She has far more to fear in the general election against a Democrat. Lisa Mirkowski also has little to fear. DeVos wants to divert more resources toward charters and vouchers, and that does nothing for Alaskans. You can't use a voucher when the closest alternative sc
Re:Trump scare maybe (Score:5, Insightful)
Repug
What are you, 12?
This is why we would would prefer discussing technology to politics in this forum.
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This is why we would would prefer discussing technology to politics in this forum.
Because there is never any name-calling in the tech-related comments?
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Only from the emacs-culated.
Re:Why the comment from the fake news outlet? (Score:4, Interesting)
He's an H1-B apologist.
His column in the Times today was explaining how much Silicon Valley needs immigrants for their hard work, inspiration and outside-the-box thinking.
Which is just fine -- but really, the complaint isn't about too much innovation in the Valley, the complaint is about run of the mill non-innovator jobs being outsourced to H1-Bs in the name of corporate profits.
Of course he didn't mention that issue at all, choosing to cast the issue as predominantly one of racism and ignorance killing the innovation hub of America.
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While what you're saying is true. There is an actual issue with the current form of H1-B reform. That is to say *all* job positions regardless of talent level must consider "Americans first" in a vague way. That ambiguity is what's troubling and what leads to a lot of potential problems as it's left to the executive branch to enforce and interpret.
Let's say you have a dire need for data scientists and good ones. POTUS can now have his agencies force you to hire less talented people instead of those more tal
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Attacking a strawman of your own construction, while ignoring the 'highest salaries get the visas' aspect of the changes.
Re:Why the comment from the fake news outlet? (Score:4, Interesting)
I'd guess the H1-B visa system will have one of two possible primary biases.
Primary Bias A: Visas are harder to get, and some "key innovators", really smart people that even most morons would agree should work here, can't get a visa.
Primary Bias B: Visas are too easy to get, and a lot of run-of-the-mill IT jobs get outsourced, costing people their jobs.
What's wrong with having Primary Bias A?
The number of actual key innovators is numerically small and presumably they are filling high-end jobs and have significant resources lobbying on their behalf, increasing the chance they will ultimately get in. And by default you are making it much harder to outsource potentially thousands of good-paying "information age" jobs through visa abuse.
It seems like we have a choice -- we can protect many American jobs by making visas tougher to get, potentially risking that some smart guy doesn't get to work for an American multinational that buries its profits in Ireland. Or we can make them easy, bulk import foreigners, outsource jobs and render Americans unemployed on the outside chance that 1 in every 10,000 we import is some genius who makes a bunch of multinational executives fabulously wealthy.
Sounds like a hard choice.
If you want good ones, just pay for good ones (Score:2)
The old way was that employers would pinky swear that there were no Americans to fill the jobs, and the regulatory agencies could audit it (but very rarely did).
The new way is you get priority by offering a salary higher than those "just out of school" data scientists normally make. You say you want "data scientists, and good ones". Fine, you can have them, you just have to pay a salary commensurate with "data scientists, and good ones". And you DON'T have to go into a lottery against Infosys with their a
Re:Why the comment from the fake news outlet? (Score:4, Interesting)
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She didn't get her pardon. Those stories aren't over yet, despite the media attempts at whitewashing during the election.
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Still better than the alternative was.
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Still better than the alternative was.
Hillary was safe and predictable. Trump is not. OTOH, I'm going to do quite well when the stock market corrects and/or crashes in the near future.
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Hilary was predictable. I'm not so sure about safe.
Trump's election was because he was unpredictable. When the predictable option is bad, the unpredictable one is at least a ray of hope.
Of course he's now doing everything he can to smash that hope, but it was there long enough to get him into office.
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Hillary had more baggage than a goddam airport.
She was Obama 2.0 (so, I'm agreeing with you).
The real risk-takers now are the Republicans and the Trump private portfolios.
2018 should be interesting.
I am making no predictions.
I totally blew up my political credibility this election cycle.
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Hillary was more predictable, but not safe in any way. She was predictably going to ignore the constitution, grow federal power and skate by on lies regarding her crimes, now she will likely get some justice.
The current .com bubble is going to pop, no matter who's in charge. But the huge correction will be in China.
The real key is the Supreme Court. Which is now safe for at least another 20+ years. Which means we won't have to shoot the bastards.
Also note: Any SC justices only have to be less openly
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We don't have any enemies. The last list of enemies was World War II.
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Trump's nominations for department heads, and those already confirmed, are as a group the best in the last 190 years. He's a patriot. He's the first President since Reagan who has an understanding of economics and power politics. His picks especially stand in contrast to Obama's p(r)icks, who were explicitly dedicated to destroying America's culture, economy, freedom, and military strength.
You, on the other hand, can't see beyond your ideology.
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Trump's nominations for department heads, and those already confirmed, are as a group the best in the last 190 years. He's a patriot. He's the first President since Reagan who has an understanding of economics and power politics. His picks especially stand in contrast to Obama's p(r)icks, who were explicitly dedicated to destroying America's culture, economy, freedom, and military strength.
As we say in California, "What are you smoking and where can I get some?"
You, on the other hand, can't see beyond your ideology.
What ideology would that be?
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I'm with you on this, and I agree with a post near mine that points out that Clinton is no Elizabeth Warren.
However, I think Trump will be great medicine for America.
Let's swing that goddam needle all the way to the right and get it out of our collective systems.
I'm 71 years old, and a political junkie. This is all amazing.
Things are getting wild at the speed of dark.
Popcorn stock is up.
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Of course you have no proof of your accusations.
Sure I do. Just read the news. Something new comes out of everyday to support my accusations.
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Especially Daily Mail [slashdot.org]
Wikipedia Bans Daily Mail As 'Unreliable' Source
.
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It had to have cost a fortune.
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What? You are confused. There was no media more in the tank for Hillary than the NYTimes. None that spent their credibility more like drunken sailors, thinking they would get 'first question' for eight years, during which they could rebuild some credibility.
Done now. They can't unring that bell.
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Power and real estate are cheap in Phoenix and it doesn't have earthquakes. It also lacks the taxes and regulations that have made it impossible to do business in California.
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You are incredibly stupid. Intel has been building fabs in Chandler AZ for literally decades now, so obviously these aren't problems. Power is dirt cheap in AZ, and water is too (that's why they have so many "water features"), though you could argue that the water situation is not sustainable. Land is cheap too. AZ hasn't had an earthquake in forever; it's very geologically stable. There's no natural disasters there ever, unless you count dust storms. And it's close to California and the port of LA.
Wo
Just curious, were you asking this of Tesla? (Score:2)
http://www.reviewjournal.com/n... [reviewjournal.com]
RENO — The massive Tesla battery factory being built in Northern Nevada will be a thirsty resident, with some preliminary estimates saying it will require the equivalent of nearly half of the groundwater rights allocated to its Tahoe-Reno Industrial Center neighborhood.
The project, the cherry atop Gov. Brian Sandoval’s economic development agenda to date, promises high-paying jobs and a diversification from a long-sagging gambling economy to one powered by high-t
Re: Uhhhh... (Score:2)
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Re: Uhhhh... (Score:4, Interesting)
No...
But also don't forget that up to means that 3000 laborers will work on construction, followed by a hundred or so people running the actual fab.
Still.. The tax breaks are the same either way.. so it's all good (for Intel).
Pretty much the same for all these big announcements.. the central feature of them is reporting the size of facility construction crews and quietly ignoring the face that they are highly automated production requiring just a handful of long term staff.
No large business does labor intensive work in the us.. the tax breaks are just not enough, and god forbid they don't maximise profits at the cost of jobs and long term skills development.. That would be un American!
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But also don't forget that up to means that 3000 laborers will work on construction, followed by a hundred or so people running the actual fab.
In fact, 'up to' means exactly the same as 'less than or equal to'. When somebody promises that you can get 'up to X', it means nothing - 0 is less than whatever X is, so I can promise to pay you 'up to $10 million' for a pack of chewing gum, even if I'm never going to pay more than $.1 for it.
Re: Thanks Obama (Score:2, Insightful)
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https://boingboing.net/2017/02/08/leak-trump-will-allow-us-comp.html
+1 for big business. -1 for the good of humanity. Fits Trump's intentions perfectly.
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[Citation needed.]
Engineers, generally being competent people who have to think for a living, tend to be conservative. I can understand the Intel workforce not being happy with their CEO getting into bed with the gov't, but they'd be even more unhappy if he cozied up to a Clinton.