Intel shares fall 20% on plans to cut 15,000 jobs

Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.

Intel shares fall 20% on plans to cut 15,000 jobs

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US CHIPS Act Funding for Intel

On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.

Meanwhile, in China:

China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says

Of COURSE Greta Met With Zelensky: Notes From The Edge Of The Narrative Matrix

Of course Greta Thunberg met with Zelensky. Of course she did. That was the only box left to check off in the most PR-intensive proxy war of all time. They got Bono. They got Mark Hamill and Sean Penn. They got appearances at the WEF, the New York Stock Exchange and the Grammys. They just needed Greta.

Of COURSE Greta Met With Zelensky: Notes From The Edge Of The Narrative Matrix

Hollywood and left-wing foundations behind climate charity quietly bankrolling extremist protest groups

A little-known climate change advocacy organization heavily funded by celebrities and influential left-leaning foundations has been quietly dishing out grants to various activist groups deploying unorthodox and extremist methods across the world to protest fossil fuels, documents reveal.

Hollywood and left-wing foundations behind climate charity quietly bankrolling extremist protest groups

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Climate Capitalists/Green Capitalism

G20 Beautification: Blossoming Tulips Cover Delhi But At What Cost?

The perceptive image of a ‘world-class city’ hardly allows slums to grow. It is against the ‘global aesthetics’ that determines the ‘beautiful’. So, whenever there is any event of global importance — be it the Asian Games, the Commonwealth Games or G20, the first victims of the beautification drive are the poor and the homeless.

G20 Beautification: Blossoming Tulips Cover Delhi But At What Cost?

Climate Activism Isn’t About the Planet. It’s About the Boredom of the Bourgeoisie | Opinion

Disclaimer: The views expressed herein are solely those of the author and may or may not reflect those of Ms. Cat’s Chronicles.

The downfall of capitalism will not come from the uprising of an impoverished working class but from the sabotage of a bored upper class. This was the view of the Austrian economist Joseph Schumpeter in 1942. Schumpeter believed that at some point in the future, an educated elite would have nothing left to struggle for and will instead start to struggle against the very system that they themselves live in.

Climate Activism Isn’t About the Planet. It’s About the Boredom of the Bourgeoisie | Opinion