SF politics
fromemptywheel
14 hours agoSpirit Airlines is the Canary in Trump's Fossil Fuel Mine - emptywheel
Debate exists over a potential bailout for Spirit Airlines, weighing job preservation against political and economic implications.
[T]he truce came with a cost: In return for Trump's support, the administration proposed taking an equity stake in the company. It decided to convert nearly $9 billion in grants-promised to Intel as part of the 2022 Chips Act-into a 10% equity stake in the company, an unusual arrangement that makes the government Intel's biggest shareholder. The meeting was the pivot point in a frenzied period for Intel, once one of America's most venerated technology companies, now stuck in a yearslong downward spiral.