Friday, March 27, 2015

TV Segment on Memex Automation's $800,000 Funding from FED DEV

Here is a link to a TV segment on CHCH that discusses the up to $800,000 I wrote about earlier.

As is stated on CHCH:  

"A Burlington company is getting a big financial boost.

Memex Automation is getting an $800,000 investment to help it develop new automation technology software. Manufacturers can use the software on their products to track the productivity and efficiency of their machines.

Federal economic development minister Gary Goodyear talked about the importance for Memex, as well as the city of Burlington. “This particular project will create 16 high-quality jobs right here in the Burlington area.”
 “What’s brilliant about this particular project is, if other manufacturers adopt this technology, they too could expand, and grow, and create more jobs in their own plant. That’s the idea behind the federal government’s initiatives in partnering with these types of projects.”
During the announcement, the president and CEO of Memex thanked the government and said it was a great day for the company."

Trickle Down Economics Refuted in Minnesota

Very interesting article on Minnesota governors Pawlenty and Dayton that should be a lesson to the trickle down economics, flat earthers, global warming is a hoax, the earth is 6,000 years old and evolution is just a theory crowd:

Below is a snippet from the article:

"When he took office in January of 2011, Minnesota governor Mark Dayton inherited a $6.2 billion budget deficit and a 7 percent unemployment rate from his predecessor, Tim Pawlenty, the soon-forgotten Republican candidate for the presidency who called himself Minnesota's first true fiscally-conservative governor in modern history. Pawlenty prided himself on never raising state taxes -- the most he ever did to generate new revenue was increase the tax on cigarettes by 75 cents a pack. Between 2003 and late 2010, when Pawlenty was at the head of Minnesota's state government, he managed to add only 6,200 more jobs.

During his first four years in office, Gov. Dayton raised the state income tax from 7.85 to 9.85 percent on individuals earning over $150,000, and on couples earning over $250,000 when filing jointly -- a tax increase of $2.1 billion. He's also agreed to raise Minnesota's minimum wage to $9.50 an hour by 2018, and passed a state law guaranteeing equal pay for women. Republicans like state representative Mark Uglem warned against Gov. Dayton's tax increases, saying, "The job creators, the big corporations, the small corporations, they will leave. It's all dollars and sense to them." The conservative friend or family member you shared this article with would probably say the same if their governor tried something like this. But like Uglem, they would be proven wrong."

I love the final paragraph:

"It's official -- trickle-down economics is bunk. Minnesota has proven it once and for all. If you believe otherwise, you are wrong."