31.08.2012 16:15 Uhr, Quelle: Engadget

Distro Issue 55: a cautionary tale of the state-supported 38 Studios

In 2004, Curt Schilling and a badly injured ankle led the Red Sox to their first World Series championship in 86 years. That's right, he was the ace that helped break the "Curse of the Bambino" from the mound. Fast forward to 2010, where Schilling had hung up his cleats and lobbied for Rhode Island officials to give his video game outfit, 38 Studios, a $75 million loan guarantee. Just two years later, the studio filed for Chapter 7, leaving the state's taxpayers holding the tab. In this week's issue, Jason Hidalgo takes a look at what went down in New England and examines the risk of public funds being used to support priv

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