Electing Mitt Romney will reveal previously undetected oil deposits? The Republicans have spent the past four years making sure that Obama won't win the next election by fixing the US economy, and they really deserve to be rewarded for their single-minded persistence and willingness to live with the consequent damage to their own prosperity.
Everybody ought to vote for such a selfless group.
Sadly, the polls suggest that the Republicans can't fool enough of the people enough of the time.
Sure. Too much of the QE money goes to people who can add it to their disposable savings, when it ought to go to people who can be relied on to spend it and thus stimulate the economy.
to me.
Except perhaps in Silicon Glen in Scotland, and Silicon Fen around Cambridge England and in the high-tech business park north of Eindhoven, to list the one's I've been exposed to. For some years now Singapore has been busy trying to build the same kind of self-feeding high-tech environment, where if you need something odd you can always find somebody who specialises in supplying it.
People learned the lesson of Route 128 a long time ago, and have been trying to grow critical masses ever since, with some success.
No, but we can then finally tap into reserves that will otherwise be siphoned off by others. Such as in Alaska.
Wot nonsense.
Wait until November, then you know :-)
Problem is, the money does not go anywhere and smart people knew it wouldn't. The stock traders also knew because they usually belong to the group of smart people.
All it can potentially do is cause inflation and a sequel of the real-estate bubble.
me.
Here is a dose of reality for you:
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Those dreams are over, done, finito. Despite massive taxpayer subsidies no significant chip manufacturers came out of this effort. Or can you name just a single one? I guess not. Contrast this to Calfifornia where myriad successful chip companies started without one red cent from the taxpayer dole. As it should be, and that's the American way.
On a sunny day (Thu, 27 Sep 2012 12:09:29 -0700) it happened Joerg wrote in :
My HTC Android.
Perhaps you will argue that tha tis not 'high end'. there are ARM based servers now: You, being a Dell customer from some of your postings here:
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Also you need to see a bit further, ARM has many special instructions these days for for example multimedia and that can be used for mathematical processing. ARM cores can be part of DPS or FPGA doing a lot in hardware, while in the x86 Intel or AMD you would need extra chips, not many pentium cores impemented in FPGA I think.
It is exactly in specialized computing where the ARM core counts.
And who make the chips? Quote "packed with up to 48 Marvell Armada system-on-chip processors based on ARMv7 with a 64-bit memory interface but a 32-bit local bus"
Correct, Marvell, a company right here. Without these guys none of this stuff would happen. Naturally they will not re-invent the wheel and license cores and other IP blocks whenever it saves time-to-market and the deal is financially palatable.
days
Real workhorse computers aren't implemented in FPGA.
But not for heavy-lifting jobs such as realtime signal processing or ultrasound or Radar images and things like that. Maybe some day, but not right now.
Just like everybody and their brother uses FTDI chips for USB interfacing, which is a Scottisch company. It is not high-end stuff but important in the grand scheme of things, got to have USB and it doesn't make sense to roll your own when it's already there.
It is a partisan point of view, but the Republican majority has been less than cooperative over the past few years.
=A0 =A0 =A0 =A0 ... and they really
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The question is then why wasn't some of the money directed at people who would spend it and do some good for the economy, and the answer is that they aren't Republican voters or supporters.
That's James Arthur's view of the situation, not John Maynard Keynes. James Arthur is brain-dead on this subject, while Keynes is merely dead, which doesn't stop him from being right.
it to me.
That particular dream is over. Cadence is still there, but that particular business park has despaired of getting any more high-tech tenants.
It's not the only high-tech activity in the area, and the newspaper report has rather exaggerated the significance of a single commercial decision. The current U.K. conservative government has emphasised "fiscal responsiblity" over economic growth since they came to power "After three straight quarters of contraction, GDP is no higher than when the coalition came to power 2 1/2 years ago." and U.K. newspapers are happy to remind their readers what their government isn't doing for them.
Has National Semiconductor's plant at Greenock been closed down recently?
And is chip manufacture the only possible high-tech activity? As fabs get progressively more expensive, we can expect to see fewer of them, and more countries are going have to settle for importing all their integrate circuits from Tiawan, Korea, China, Japan and the US.
Bad guess.
California is pretty much where the whole thing started. Though TI did make the first IC, Fairchild, with the planar process was rather better placed to make something that worked. The first semiconductor fabs made a lot of money by selling stuff that couldn't be made any other way.
They might not have been directly subsidised, but the US Defence Department was deeply interested in their output, and everything they made was available in Mil. Spec. versions which worked over a temperature range from 125C to -55C.
I listed a few of them in my original post. Silicon Valley probably precedes Route 128 - " Frederick Terman proposed the leasing of Stanford's lands for use as an office park, named the Stanford Industrial Park (later Stanford Research Park)" but Route 128 got more publicity as a high-tech area, where Silicon Valley was seen as concentrated on semi-conductors, though since it included HP and Varian this was probably a misperception.
It is the government's way to punish anyone presumptious enough to actually have savings. By keeping interest rates for consumers to negative numbers, they are hoping we will go out and spend all our savings and start borrowing just to live...
That's not punishment, just encouraging everybody to do their bit for the economy now, rather than putting off consumption until they are old and feeble and the economy no longer needs stimulation.
Looking at the worst case situation, if you don't spend your savings now, the US economy may go completely belly-up - banks and all - and your savings will have evaporated without you having had any benefit from them at all.
In any event there's not a lot of point in saving when you've got Republicans in power. They manipulate the economy to transfer money from those that have any money to those that have a lot, and even more money from the well-off to to the obscenely rich.
If you are obscenely rich you don't save any more, but invest.
Interest rates are artificially low now, because of QE (the Fed is buying debt to keep the rates close to zero). If they start to rise, then the currency may well go up. That doesn't mean there won't be inflation too, of course.
Best regards, Spehro Pefhany
--
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And James Arthur is one of them. The logic is that they don't like the consequences of taking him seriously. so they prefer to believe that he was wrong. In fact the critical point is that Keynes didn't believe that the market was perfect - which is a fact that has been established repeatedly by other observers looking at it from different points of view, most recently, Daniel Kahneman (though his work has been well known for long enough to get him a Nobel Prize in Economic Sciences)
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There are a whole bunch of economists whose work is valueless if the market isn't perfect, and they do like to think that Keynes was wrong and Kahneman was talking about every other aspect of human behaviour except markets.
d it to me.
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Demonstrate that the Greenock fab is subsidised. I don't think that the UK government has got enough money to make a significant difference to the economics of a big fab.
Putting chips together. In the Netherlands we've got ASML, who don't make any chips at all, just the crucial machine around which you build a fab, while Philips seems to be concentrating on medical electronics and lighting these days. Aerospace is still profitable - even for Boeing, though Airbus is doing better. There's process control, where I worked for a significant proportion of my career, and business machines, which aren't cutting edge at the moment. but will be again when someone works out another new way of doing an old job.
The National Semiconductor chip fab at Greenock was the counter- example you'd asked for. You want to ignore it because you think - though you don't cite any supporting evidence - that it's subsidised, but you didn't actually qualify your request.
All true - today. But mil spec parts were a lot more expensive than regular parts, and very rarely necessary.
To repeat myself, Silicon Glen, Silicon Fen, the Eindhoven Science Park and Singapore.
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It's not an exhaustive list - I've confined myself to the examples where I've had some marginal personal contact.
Silicon Valley probably
Agreed. The Route 128 paradigm got attention because it generated results and revenue. Taiwan and South Korea both got the message and made loads of money in consequence. Ireland got the same message and made quite a lot of money, but seems to have been over-ambitious, in that some of the investment has been slow to pay off.
Quote "FINANCIAL SUPPORT AND GOVERNMENT INCENTIVES As well as a strong venture capital sector, government funding and research project backing are available for many electronics investments".
End of the 90's they tried to lure us, too. Typically the subsidy comes in the form of some major tax incentives.
We were talking about Scotland.
[...]
See above.
Looks like you haven't served in the military, else you wouldn't have said that.
These are _not_ high-tech companies a la Silicon Valley, these are simply business parks.
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Still does not compare to Silicon Valley, not even close.
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