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...country where they were incorporated. Tourist paradises such as the U.S. Virgin Islands now began to think about bustling office buildings and banks to handle the transplants. The islands' Lieutenant Governor at the time, Julio Brady, told a Senate committee that FSCs would be "real businesses" that would employ "real people. We are not talking about dummy or paper corporations...

Author: /time Magazine | Title: Corporate Welfare: Fantasy Islands | 11/16/1998 | See Source »

...Indiana gave $451 million in economic incentives to United Airlines to build an aircraft-maintenance facility that would employ as many as 6,300 people. Subsidy: $72,000 for each...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

...Alabama gave $253 million in economic incentives to Mercedes-Benz to build an automobile-assembly plant near Tuscaloosa and employ 1,500 workers. Subsidy: $169,000 for each...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

...Pennsylvania gave $307 million in economic incentives to Kvaerner ASA, a Norwegian global engineering and construction company, to open a shipyard at the former Philadelphia Naval Shipyard and employ 950 people. Subsidy: $323,000 for each...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

...luck. ABC plans to air a Stone "special" that will probe, among other topics, spooky theories about the 1996 crash (network honchos won't call the project a documentary, since documentaries employ what fuddy-duddies like to call "facts"). Under the working title Oliver Stone's Declassified, the show is tentatively scheduled to air in February and may become a regular series...

Author: /time Magazine | Title: The Conspiracy Channel? | 11/9/1998 | See Source »

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