Chu proves you don’t have to be a genius to get a Nobel prize.
GET THESE PEOPLE OUT!
In crony capitalism..as practiced by Ferdinand Marcos and some other greats..does not require the crony to invest any of his or her money. The state also doesn’t invest..it just guarantees the loan from an eager big bank lender. The return for the crony is immediate..something is sent off to Switzerland. The return for the bank(who must be involved because they know the routing of the funds)..is a big commission. The politicians get their cut in contributions and the business is floated with no investor risk. The tax payer and the mandated customers pay the bill.
Abengoa says it will use U.S.-made components wherever possible in the construction of the facility
Abengoa officials said they hope to being work on the plant in earnest by September and have producing power in the summer of 2014.