(FYI: Dow currently down over 350 points)
"Celtic Tiger stalking Mass.; Common language, cultural ties create favorable business conditions" by Todd Wallack, Globe Staff | October 24, 2008
When Massachusetts high-tech and life sciences companies look for places to expand, they have long turned to Ireland, taking advantage of that country's educated workforce, low corporate taxes, and position as a gateway to Europe. EMC Corp., Boston Scientific Corp., Genzyme Corp., and Analog Devices Inc. collectively employ thousands of workers in the Emerald Isle.
Now some Irish companies are expanding in Massachusetts, taking advantage of the weak dollar. Still, Ireland has also been slammed by the global financial slowdown this year, making the Celtic Tiger look more like a kitten, which could curb the expansion of many Irish companies into the United States. And at the same time, many Massachusetts companies continue to expand in Ireland. --more--"
Seems like the only ones making out are the CORPORATIONS, doesn' it?
