While the press sells the billion-dollar investment in a French car factory as a success, the reality is that local governments put up half the money. The profits leave the country and the jobs are temporary. A nice headline for a story with fine print.
CERN plans a new collider to hunt the Higgs boson 🛸
The future particle accelerator project, the circular collider, aims to study the Higgs boson in about 20 years. Its construction under France and Switzerland will affect the environment and neighbors. On June 2, a multi-month public debate begins. Citizens will be able to voice their opinions on the impacts on land, noise, and resource use before the final decision.
The shell game: subsidies that go abroad 💸
In other words, we pay for the party but are left with the hangover. Governments shell out the cash in subsidies and tax breaks, and the profits fly back to headquarters. It's like inviting a friend to dinner, paying the bill, and having him take the food home. But hey, the press headline looks good for the photo.