During the summer, Capital One bought out and took over ING Direct and HSBC’s credit card business. In a deal with the State of Delaware, Capital One will get more than $5.5 million from Delaware’s Strategic Fund and a tax rebate up to $1.5 million for creating 500 jobs in the state by 2013. I guess I can live with that.
“Has anybody been watching the debates lately? You’ve got a governor whose state is on fire denying climate change. It’s true. You’ve got audiences cheering at the prospect of somebody dying because they don’t have health care and booing a service member in Iraq because they’re gay.”– President Obama, quoted at a Sunday night fundraiser, slamming Rick Perry and the Republican debates audiences.
“The alternative I think is an approach to government that would fundamentally cripple America in meeting the challenges of the 21st Century and that’s not the kind of society that I want to bequeath to Malia and Sasha, and your children and your grandchildren.”– President Obama, quoted by the Seattle Post-Intelligencer, saying that electing a Republican president in 2012 “would deeply hurt the country.”
A new Roanoke College poll in Virginia finds the U.S. Senate race is a statistical dead heat with George Allen (R) edging Tim Kaine (D) by three points, 42% to 39% with 19% undecided.
and how big of a boost in profits will Capital One get when they fire those 500 Delawarians, ship their jobs to India, and get to keep the tax breaks thanks to our soon-to-be Tehadi overlords?
Great news for Delaware… But I wonder where those jobs are coming from. If those were 500 jobs in India, Great! If they were 500 jobs in South Dakota, well, at least they’ll be in Delaware. But if they end up laying off 700 people in SD to hire 500 in DE, I’m a little disappointed.
Wonder if there are any serious clawbacks to the Capital One deal? Capital One has the habit of taking their tax credits and then running.
Far be it to call this a PR stunt but my bet is that the net LOSS of the Cap One deal will exceed the M&T 750 “Whats in Your Wallet?”
“KLOPPENBURG WINS!! The people of Wisconsin have spoken”
Haha.
So guess who caved this time?
It gets the government funded til November, but FEMA is funded and there are no offsets.