12/31/09

Morfessis Mortification

Ioanna Morfessis has obviously thought long and hard about taking the thankless RIEDC chief job here in RI and has decided to bow out. I don't believe her contrived excuse for turning down the job - a sudden illness in her family - for a moment, despite what she says. Governor Carcieri and the search committee that were ready to bestow the $250,000 a year salary on her must be mortified by the dramatic turn of events.

Morfessis probably saw the handwriting on the wall - a challenge to her salary was certainly going to be mounted in the state senate, and the very difficult challenges RI faces would make quick work of her optimism and drive.

Governor Carcieri, the RIEDC search committee and the Providence Chamber of Commerce should rethink the desperate desire to bag a top national candidate and instead give the job to Michael Saul, the current interim director. RIEDC is so hampered in its efforts to attract new business to the state because of everything else that is wrong here, that no one is going to make a significant difference in the job at this point.

Save the money.

Manufacturing Creates Wealth

There is no question that manufacturing is a true source of sustainable and growing job creation. The country has by and large turned it's back on Manufacturing, which is a shame.
I found the attached editorial extremely good, and wanted to share it.