Another example of America selling off parts to pay for Enron accounting, war without purpose, and LTCM style hedge fund investing. From the
NY Times of 11 Feb 2009:
Quote:
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Advanced Micro Devices, Intel’s main competitor, has found the cost of building chip factories so prohibitive that it is trying to turn over that part of its operation to a newly created company to stay focused on design. On Tuesday, A.M.D. said it would need to delay a shareholder vote on the creation of the company, jointly owned by A.M.D. and an investment firm based in Abu Dhabi, until next week.
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