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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (424925)	10/11/2008 8:37:15 PM
From: Tenchusatsu	Read Replies (3) \| Respond to of 1575608

Z, > Fortunately, it looks like that project is dead. Is it really? Sounds like from the articles regarding AMD, Foundry Co., and Abu Dhabi, the project is still on. Tenchusatsu

To: SilentZ who wrote (424925)	10/11/2008 10:26:23 PM
From: tejek	Read Replies (2) \| Respond to of 1575608

>Gotta ask yourself why Abu Dhabi, who is awash in oil wealth, deserves $1.2 billion in subsidies, especially in this era of financial crisis. Because the pols in Albany are desperate to do something for the area... even if it's stupid. Not to mention, they love giving money to real estate developers. They tried to use $400 mil of state money to build a convention center that nobody would've visited. Fortunately, it looks like that project is dead. What NY state did is typical of what states do to land big projects like AMD or BMW or Toyota. Typically, its southern states like MISS or rust belt states like MI that do it the most. Unfortunately, the states that tend to use this approach to attract development tend to have something wrong with them that discourages local company growth. In NY's case, its high taxes coupled with corruption which prevent the benefits that should accrue when taxes are that high.