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Comment Intel didn't build the fabs (Score 1) 153

There was a change in management and the former management wanted to build fabs and the current management wants to cut back.

Federal government paid Intel to build fabs. As they're not doing that, taking the money back is reasonable.

Intel is complaining about the money being taken in stock. Alternatively it could have been taken in cash which intel would have had to put as debt on its books. I think the stock is easier for them. US is also trying to build a sovereign wealth fund. 11 billion of intel stock is a reasonable addition to that.

Comment Re:Credit Card Competition Act (Score -1, Troll) 104

Stablecoin is coming The middleman industry is petrified of losing that sweet, rent-seeking, no-effort stream of cash. The credit card business is not sustainable, disintermediation is coming for them, and they know it.

I advise the airlines and other businesses to stick to their knitting, focus on doing it well and drop all the side-hustles the MBAs dream up.

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