Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $29,264
34%  
Woo hoo!! And the first 34% is in!! Thank you all very much!!

Keyword: failedgreen

Brevity: Headers | « Text »
  • Climate Parasites: The Answer to 'Climate Change Deniers'

    02/19/2014 7:33:39 AM PST · by neverdem · 9 replies
    American Thinker ^ | February 19, 2014 | William A. Levinson
    It is a basic principle of psychological warfare that the side that controls the language of the argument controls the argument. Barack Obama's own website is using this PsyWar technique by calling opponents of his cap and trade agenda "climate change deniers." He has also used the financial resources of the federal government, such as whitehouse.gov, to marginalize everybody who doesn't agree with him as a climate change denier. Democrats Sheldon Whitehouse, Harry Reid, and Peter DeFazio also have followed Joseph Goebbels's advice to the effect that if you tell a big lie vigorously and often enough, people will believe...
  • Three solar firms file for bankruptcy in a week

    07/09/2013 8:37:28 PM PDT · by FreeAtlanta · 16 replies
    daily caller ^ | 07/09/2013 | Michael Bastasch
    While environmentalists tout benefits of solar power, three solar companies filed for bankruptcy in the past week. Each of them blamed intense global competition for its downfall. The German companies Conergy AG and Gehrlicher Solar AG filed for insolvency in German courts in the past week. The Hawaii-based solar company Hoku also filed for bankruptcy protection, reports Renewable Energy World. Hoku owes up to $1 billion to creditors and had to cancel building a manufacturing plant in Idaho, which had already been delayed several years. Conergy’s 800 German workers are now in line to get three months of government unemployment...
  • The worlds biggest solar PV seller was worth $13bn: now bankrupt

    05/06/2013 8:16:55 PM PDT · by Leto · 17 replies
    JoNova ^ | May 7, 2013 | Jo Nova
    Shi Zhengrong was called a “hero of the environment” by Time Magazine. He was a billionaire who ran the worlds largest seller of solar PV cells. But the glory days of 2008 – 2011 are gone. Another bubble bursts. Wiped out in two years. How fast was this fall? In 2008, CNN named Shi “China’s Sunshine Boy.” In 2009, Fortune anointed him “China’s new king of solar.” That year, New York Times columnist Thomas Friedman also cited Shi and Suntech as models of China’s green leap forward — which he called “the Sputnik of our day” and a spur for...
  • Goodbye, Prius? Japanese carmakers drop battery electric-car development

    02/04/2013 10:41:56 AM PST · by jazusamo · 57 replies
    The Washington Times ^ | February 4, 2013 | Cheryl K. Chumley
    Japan is backtracking on battery electric-car development, as even Nissan’s vice chairman, the so-called “father of the Prius,” announced plans to copy Toyota and pursue fuel-cell cars that convert hydrogen to electricity. “Because of its shortcomings — driving range, cost and recharging time — the electric vehicle is not a viable replacement for most conventional cars,” said Nissan’s vice chairman, Takeshi Uchiyamada,..
  • The Obama Green Energy Scam You May Have Missed

    12/27/2012 7:00:07 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 27, 2012 | Donald Lambro
    WASHINGTON - Have you seen the latest development in President Obama's waste-ridden, clean energy program that's now under federal investigation at the U.S. Treasury Department? Three of the country's biggest residential solar panel installers -- SolarCity, SunRun and Sungevity -- have been subpoenaed by Treasury's Office of Inspector General for their financial records to determine if they had inflated the market value of their costs when they applied for federal reimbursement. The firms have reportedly received more than $500 million in federal grants and tax credits. Officials in two of them, Solar-City and SunRun, have been among some of Obama's...
  • Far from Electrifying: Electric car hopes never die — but electric realities keep intervening.

    12/03/2012 1:55:45 AM PST · by neverdem · 66 replies
    The American ^ | November 26, 2012 | Vaclav Smil
    Exactly two years ago, in November 2010, the Renault-Nissan CEO Carlos Ghosn assured reporters that his auto alliance would sell half a million electric vehicles a year by the end of 2013. In 2011, it sold just short of 10,000 electrics, but in April 2012 Ghosn still claimed that the 2012 sales would double to 20,000. On November 15, he had to give up and admit that, after selling less than 7,000 vehicles, the 2012 target cannot be reached. That is just the latest in a less than electrifying saga of modern electric vehicles (this qualification is needed because...
  • Report: Taxpayer loss due to Solyndra may be as high as $849 million (Obama blows taxpayer's money)

    10/23/2012 4:36:23 AM PDT · by tobyhill · 5 replies
    washington examiner ^ | 10/22/2012 | staff
    The cost to taxpayers for the failure of solar panel company Solyndra may be much higher than the $535 million dollar federal loan guarantee the company received. After the company went bankrupt in last August, 2011, the Energy Department, which had given the original loan, okayed an unprecedented deal to attract more private investment to Solyndra. One result of this deal is that it has allowed more than $350 million in tax write-offs to pass to those private creditors, one of which is owned by a major donor to President Obama. The House Oversight Committee now warns the total loss...
  • SolarCity — Another Obama Scandal

    10/12/2012 1:51:43 PM PDT · by Cincinatus' Wife · 6 replies
    Western Journalism ^ | October 12, 2012 | Jack Inglewood
    SolarCity (SCTY), another “green energy” company and recipient of millions of dollars of taxpayer funds, in under investigation by the Internal Revenue Service (IRS), sources reveal. The company, which recently filed for its initial IPO, has disclosed that it received subpoenas in July from the U.S. Treasury Department. The Treasury Department is investigating whether companies overstated the market value of solar panel arrays they installed when claiming the 30% federal cash grant. The IRS also notified SolarCity that it is auditing two of its investment funds and reviewing the claimed value of solar systems submitted to receive the federal cash...
  • Panel installer SolarCity files for $200 mln IPO [Elon Musk of Tesla Elec cars]

    10/06/2012 1:00:15 AM PDT · by Cincinatus' Wife · 15 replies
    Reuters ^ | October 5, 2012 | Nichola Groom
    Solar panel installer SolarCity Corp filed with U.S. regulators to raise up to $201 million in an initial public offering that could help rekindle investor appetite for cleantech stocks. ....Companies including Google Inc and U.S. Bancorp have provided funds to finance SolarCity's projects. Those investors are able to collect a 30 percent federal tax credit for solar energy systems...... ...SolarCity was founded in 2006 by brothers Lyndon and Peter Rive along with their cousin, PayPal co-founder and Tesla Motors Chief Executive Elon Musk.... SolarCity hopes it can buck the lackluster trend among recent cleantech IPOs.... ....[SolorCity's] total revenue was $46.6...
  • Fledging electric car market in turmoil with few buyers

    10/05/2012 3:03:12 AM PDT · by Cincinatus' Wife · 37 replies
    Economic Times ^ | October 5, 2012
    DETROIT: The fledgling electric car business is in turmoil as predictions about potential sales have proven to be wildly optimistic despite volatile fuel prices and plenty of media hype. Weak consumer demand is hitting both the big automakers like General Motors and Nissan -- which have failed to meet sales targets on the plug-in Volt and all-electric Leaf -- and smaller start-up firms trying to carve out a piece of a very small niche. "Electric vehicles don't make any more sense today than they did in 1912," says Sean McAlinden, an analyst with the Center for Automotive Research in Ann...
  • Mitt Romney: Tesla Motors is a ‘Loser’

    10/04/2012 1:13:21 AM PDT · by Cincinatus' Wife · 20 replies
    Mashable - US and World ^ | October 4, 2012 | Anita Li
    Mitt Romney labelled electric carmaker Tesla Motors a “loser” during Wednesday night’s U.S. presidential debate. The Republican candidate took a jab at Tesla while discussing tax breaks to energy companies. He criticized U.S. President Barack Obama for providing “$90 billion in breaks to the green energy world.” “Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives,” Romney said. “You put $90 billion — like 50 years’ worth of breaks — into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said,...
  • Obama Never Admits Green Failure

    09/30/2012 7:24:33 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 30, 2012 | Marita Noon
    If he succeeds in his run for a second term, President Obama doesn’t intend to tone down his efforts to push for green energy. Instead of learning from his mistakes, he plans to “do more.” During his recent sit down with Steve Kroft for the interview that aired on 60 Minutes, the President was asked about green energy—though the clip was omitted from the program that the American public saw.Kroft: “You said one of your big campaign themes was that green energy, the green economy, was going to be a tremendous generator of jobs and that has not turned out...
  • The First Solar Swindle

    07/21/2012 6:46:57 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | July 21, 2012 | Marita Noon
    As we dig deeper in the green-energy crony corruption-story, it begins to sound more and more like the making of a big-budget Hollywood thriller. Today’s installment on First Solar includes billionaire investors, corporate welfare, favoritism, threats, exaggerations, lawsuits over inferior quality, layoffs and outsourcing, and even a romantic dalliance. The screenplay would be riveting. Too bad it is not fiction. The film would have to be a documentary.  The trailer would open: “What do Goldman Sachs, several Goldman executives, and quite a few billionaire investors have in common? Add in millions of campaign donations followed by billions doled out of...
  • Another DOE-backed solar panel company collapses

    06/28/2012 11:25:02 AM PDT · by Oldeconomybuyer · 8 replies
    The Hill ^ | June 28, 2012 | By Ben Geman
    Abound Solar, a company that won a $400 million Energy Department (DOE) loan guarantee in 2010 to manufacture advanced solar panels, is closing and filing for bankruptcy, according to DOE. Abound’s collapse follows last year’s demise of the solar company Solyndra and is sure to feed Republican attacks on White House green energy programs despite support for Abound’s loan from several GOP lawmakers ahead of its approval. The Colorado-based Abound had drawn $70 million of the loan, according to DOE. Abound will close its doors and file for bankruptcy next week, the department said.
  • Taxpayers Reward Executives for Failure as Green Jobs are Slashed

    04/19/2012 4:03:17 PM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | April 19, 2012 | Paul Chesser
    First Solar , the beneficiary of at least $3 billion in Department of Energy loan guarantees, paid its former CEO $32 million over two years as he stewarded its stock price from $143 to below $100. Today it sells for less than $21-per-share, hitting a 52-week low last week, and yesterday the company announced it would slash global payroll by 2,000 workers in Malaysia, Europe and the U.S. The Arizona Republic reported Thursday that Rob Gillette, who was terminated as CEO in October, received $16.55 million during the first three months of employment in 2009 (October to December), and...
  • Another Taxpayer-Funded Solar Company Looks Like a Failure

    04/05/2012 11:58:22 AM PDT · by jazusamo · 21 replies
    National Legal & Policy Center ^ | April 5, 2012 | Paul Chesser
    An Ohio-based solar company received millions of dollars in state and federal subsidies despite government officials’ knowledge that the company was in financial trouble, and now a local newspaper reports little activity at the manufacturer’s Perrysburg plant. According to a report last month in The Toledo Blade, Willard & Kelsey Solar Group was lent $10 million by two state agencies even though the company showed little more than a half million dollars in revenue for 2009 – that being a grant from the Buckeye State – and a loss of $4.2 million. State officials told the newspaper that loan...
  • Taxpayers’ Green ‘Investment’ in Battery Company Withers

    04/04/2012 10:55:35 AM PDT · by jazusamo · 8 replies
    National Legal & Policy Center ^ | April 4, 2012 | Paul Chesser
    A123 Systems – the taxpayer-funded electric vehicle battery manufacturer that famously shipped duds toFisker Automotive, which caused one of its luxurious Karma EVs toshut down just before aConsumer Reports test – is now the defendant in an investor class action lawsuit and its stock has tanked to below $1. Massachusetts-based A123received more than $279 million in grants from the Department of Energy, most of it used to refurbish two plants in Livonia and Romulus, Mich., for the production of EV batteries. The company laid off 125 factory workers in November, lost $257.7 million in 2011 (including an $11.6 million...
  • Solar Trust of America files bankruptcy

    04/02/2012 1:37:26 PM PDT · by mdittmar · 34 replies
    Reuters ^ | Apr 2, 2012 | Reuters
    The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.
  • Ethanol Policy Not Producing Desired Results

    03/20/2012 12:46:17 PM PDT · by Constitutionalist Conservative · 40 replies · 1+ views
    The Energy Independence and Security Act of 2007 (EISA), which mandated a steep rise in domestic ethanol production, is causing unforeseen negative consequences for food prices while failing to live up to the desired gasoline results and other expectations, concludes a Texas A&M University research team headed by an economics professor who studies energy issues.James Griffin James M. Griffin, director of the Mosbacher Institute for Trade, Economics & Public Policy, which is part of Texas A&M’s Bush School of Government and Public Service, and Mauricio Cifuentes Soto, a graduate student assisting him, say in their report that the goal of...
  • Class Action Filed Against Taxpayer-Backed First Solar

    03/19/2012 11:31:14 AM PDT · by jazusamo · 5 replies · 1+ views
    National Legal & Policy Center ^ | March 19, 2012 | Paul Chesser
    Securities law firms are lining up to get a piece of the action after a class action lawsuit was filed against federally subsidized First Solar, Inc., allegedly because the company failed to disclose the massive costs it was incurring due to defects in its solar panels, leading investors to believe the company’s stock was worth more than its actual value. The complaint, filed by the New York-based Pomerantz, Haudek, Grossman, & Gross law firm, claims that First Solar executives – including founder Michael Ahearn and former CEO Robert Gillette – “made false and/or misleading statements, as well as failed...
  • 10 Reasons Why Fisker May Be Worse Than Solyndra

    03/15/2012 10:36:19 AM PDT · by jazusamo · 14 replies
    National Legal & Policy Center ^ | March 15, 2012 | Paul Chesser
    Automotive and green technology advocacy Web sites areabuzz with a story about a former employee of Fisker Automotive who claims the company released its $102,000-plus Karma electric sport sedan prematurely, in order to meet targets set forth by the Department of Energy so Fisker could access funds from a $529 million loan award. This followed reports from all over the Internet that Consumer Reports purchased a Karma in Connecticut for $107,850, only to see it totally disabled before the magazine could run it through its tests. The whistleblower story originated on the pro-Clean tech Web site Gigaom.com, and was...
  • The Year Solar Goes Bankrupt

    03/12/2012 4:21:36 AM PDT · by Kaslin · 9 replies · 2+ views
    Townhall.com ^ | March 12, 2012 | John Ransom
    Get ready for a new round of green bankruptcies, as Europe trims back subsidies for solar companies and taxpayers lose their appetite for subsidizing green power. “The mini-bubble resulting from the rush to cash in on solar subsidies in European and U.S. markets is ending, as feed-in tariffs drop in Europe while loan guarantee and tax credit programs tighten up in the U.S.,” says a new report from Bank of America Merrill Lynch according to CNBC.com.Germany is dialing back subsidies for solar this month by 29 percent with subsequent decreases each month, according to Bloomberg.com.Rasmussen has recently released a survey...
  • How the Chevy Volt Is Like ObamaCare

    03/10/2012 9:21:38 AM PST · by jazusamo · 15 replies
    Forbes ^ | March 10, 2012 | Merrill Matthews
    March is an important month in the ongoing saga of President Obama’s abject policy failures. First, Chevrolet announced that it would temporarily cease production of the president’s much-touted car for the green economy, the Chevy Volt. Second, the U.S. Supreme Court will hear the state-led challenge to the president’s health care legislation. And while “ObamaCar” and ObamaCare may seem like unrelated topics, in this case they have at least three elements in common. Both were sold as a key to creating jobs and economic growth. Only last year the president predicted that there would be 1 million electric cars on...
  • Electric cars and liberals’ refusal to accept science

    03/07/2012 8:26:57 AM PST · by Hojczyk · 25 replies
    The Washington Post ^ | March 5, 2012 | Charles Lane
    President Obama boasted at a United Auto Workers conference last week that General Motors was back in business, producing cutting-edge vehicles like the plug-in electric Chevrolet Volt. He even promised to buy one when his time in office ends “five years from now.” Whoops! Just three days later, GM announced that it would suspend Volt production for five weeks this spring, idling 1,300 workers at a Hamtramck, Mich., factory. Alas, Obama’s endorsements notwithstanding, there’s not much of a market for this little bitty car, at least not at the price of almost $32,000 — after a $7,500 federal tax rebate....
  • Ends of the Green Agenda

    03/06/2012 7:07:59 PM PST · by NaturalBornConservative · 8 replies
    Natural Born Conservative ^ | March 6, 2012 | Larry Walker, Jr.
    Costs of Algae Biofuel* By: Larry Walker, Jr. *Detective Thorn: It's people. Soylent Green is made out of people. They're making our food out of people. Next thing they'll be breeding us like cattle for food. You've gotta tell them. You've gotta tell them! ~ Memorable quotes from Soylent Green * The U.S. Energy Information Administration (EIA), reported that gasoline prices have risen from an average price of $1.61, in the week ending December 29, 2008, to $3.72, as of the week ending February 27, 2012 (see chart above). So with gasoline prices on a tear having risen by 131%...
  • Taxpayer-Funded Abound Solar Had Previous Shutdown; Lobbyist Promoted Failed Projects

    03/07/2012 10:37:00 AM PST · by jazusamo · 4 replies
    National Legal & Policy Center ^ | March 7, 2012 | Paul Chesser
    A Department of Energy-funded solar company that laid off 280 workers last week quietly imposed a mandatory, temporary cessation of its operations during the holidays, and warned employees to “not let the rumor mill create false purposes for this shut down.” And in another sign of potential financial troubles, a company document that is supposed to guide “the next great solar company” advises leadership to “stretch payables” to help attain its goals. The forced time off was discovered in an internal memorandum obtained by The Complete Colorado, a news digest Web site, which also revealed the planning document. Employees...
  • Green Firms Get Fed Cash, Give Execs Bonuses, Fail (Taxpayer funded Golden Parachutes)

    03/06/2012 8:19:13 AM PST · by Islander7 · 13 replies
    ABC The Blotter ^ | March 6, 2012 | Brian Ross
    President Obama's Department of Energy helped finance several green energy companies that later fell into bankruptcy -- but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found. ----------------------- snip EnerDel, maker of lithium-ion battery systems, landed a $118.5 million energy grant in August 2009. About one-and-a-half years later, Vice President Joe Biden toured a company plant in Indiana and heralded its taxpayer-supported expansion as one of the "100 Recovery Act Projects That Are Changing America." Two months after Biden's visit, EnerDel corporate parent Ener1 paid $725,000...
  • Can Taxpayer-Subsidized Battery Maker A123 Survive?

    03/06/2012 11:41:14 AM PST · by jazusamo · 11 replies
    National Legal & Policy Center ^ | March 6, 2012 | Paul Chesser
    The taxpayer-funded ($279 million) battery supplier that gave big raises and parachutes to its executives shortly after it cut “Green jobs” at its Michigan factories, reported last week it would suffer big losses again for 2011. A123 Systems , whose fortunes were entwined with those of electric vehicle startup manufacturer Fisker Automotive, also announced it would look to China and India in order to survive. A123 also received grants and tax credits from Michigan that could total more than $135 million. The company said it would realize a loss of $257.7 million for last year, compared to the $152.6...
  • Bright the latest Indiana electric vehicle startup to call it quits

    02/29/2012 9:37:15 AM PST · by Oldeconomybuyer · 14 replies · 1+ views
    Chicago Tribune ^ | February 29, 2012 | By Julie Wernau
    Just when it seemed like things couldn't get worse, Indiana received more bad news on the electric vehicle front Wednesday as another promising hopeful announced it would call it quits. Bright Automotive, which had plans to deliver 300 manufacturing jobs to Indiana by 2012 pending the outcome of a loan from the Department of Energy's Advanced Technology Vehicle Manufacturing Program, announced Wednesday it has withdrawn its DOE application and will wind down operations in Indiana. In a scathing letter to Energy Secretary Steven Chu, Bright Automotive Chief Executive Reuben Munger and Chief Operating Officer Mike Donoughe described an overly bureaucratic...
  • Growing Solyndra Green Scandal Is Just One of Many

    02/23/2012 6:36:04 PM PST · by Kaslin · 5 replies
    IBD Editorials ^ | February 23, 2012
    Corruption: Outrageous bonuses and White House stonewalling guarantee that the Solyndra scandal, in which betting on green lost taxpayers $535 million, won't go away. But Solyndra is no isolated failure. With 24 million Americans either without any job or underemployed, and 7 million claiming jobless benefits, the latest Solyndra news of wasted stimulus funds and noncooperation with Congress is sure to make taxpayers' blood boil. Nearly two dozen employees of the solar panel maker that got a $535 million federal loan guarantee shortly before bankruptcy got $368,500 in bonuses Wednesday from a federal bankruptcy judge — in spite of the...
  • Green Germany: Half A Million Families Sitting In The Dark [translation]

    02/23/2012 7:09:16 AM PST · by AFPhys · 75 replies
    Die Welt ^ | 21 Feb 2012 | Philipp Mueller (tran.)
    Many households in Germany are no longer able to pay their electricity bills. As a result, around half a million households are sitting in the dark. The sharp price increases for electricity and gas is leading to serious payment problems for more and more consumers – even to dark apartments. Because of unpaid bills an estimated 600,000 households in Germany had their power cut off in 2010, said the consumer watch dog Verbraucherzentrale Nordrhein-Westfalen which is based in Düsseldorf. This estimate is based on a survey of local energy providers in Germany’s most populous state. "Price increases of around 15...
  • Rosy Solar Jobs Projections Fail To Live Up To the Hype

    02/08/2012 6:32:39 AM PST · by Mikey_1962 · 8 replies
    Mich Cap Con ^ | 2-8-12 | Tom Gantert
    In the final days of Gov. Jennifer Granholm’s tenure, the state Department of Energy, Labor & Economic Growth trumpeted the success of green jobs created in the solar industry. “Total job creation projected of 21,592” the April 12, 2010, DELEG presentation claimed. Almost two years later, the large majority of those jobs never saw the light of day. Even if they had come to fruition, they would just be a small part of the entire Michigan economy, says James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. For example, the state of Michigan created 218,137...
  • Sanyo to close solar factory in California (subsidies have run out)

    02/04/2012 1:01:41 PM PST · by MamaDearest · 11 replies
    forbes.com ^ | 02/03/12 | Ucilla Wang,Todd Woody
    Snips from excerpt website: Japanese solar company Sanyo plans to lay off about 140 employees in California, or about 40 percent of its manufacturing workforce in the United States, as it shifts its strategy in order to compete with large rivals, particularly those from China. The company, which is part of Panasonic, is buiding a large factory in Malaysia that will make wafers and turn them into solar cells and then panels. Panasonic plans to invest 45 billion yen (about $580 million) in the new factory. A fellow manufacturer in Japan, Sumco, announced Friday it would get out of the...
  • Another Green Energy Company Stumbles: Fisker Announces Layoffs

    02/06/2012 2:54:45 PM PST · by Oldeconomybuyer · 33 replies
    ABC News ^ | February 6, 2012 | By MATTHEW MOSK
    Fisker Automotive, the maker of an exotic electric sports car that is being built with help from a $529 million federal government loan guarantee, has announced layoffs at its Delaware plant as it tries to persuade the Department of Energy to send it more public funds. The company says 26 Fisker employees have been let go from the Delaware factory where renowned automotive engineer Henrik Fisker promised to one day begin producing affordable electric sedans. A Delaware newspaper also reported that subcontractors working on the car venture have been let go. Fisker was one of a handful of auto companies...
  • Another Green Energy Company Stumbles: Fisker Announces Layoffs (Another Obama FAIL)

    02/07/2012 3:34:56 AM PST · by tobyhill · 8 replies
    abc ^ | 2/6/2012 | matthew mosk
    Fisker Automotive, the maker of an exotic electric sports car that is being built with help from a $529 million federal government loan guarantee, has announced layoffs at its Delaware plant as it tries to persuade the Department of Energy to send it more public funds. The company says 26 Fisker employees have been let go from the Delaware factory where renowned automotive engineer Henrik Fisker promised to one day begin producing affordable electric sedans. A Delaware newspaper also reported that subcontractors working on the car venture have been let go. "It's temporary," said Roger Ormisher, a company spokesman. "We're...
  • Low Voltage: Obama Failure as Investor-in-Chief

    02/01/2012 10:32:14 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 1, 2012 | Bob Beauprez
    Even before he took the oath of office, Barack Obama embraced the financial crisis of 2008.  In the words of his then Chief-of-Staff Rahm Emanuel, “You never want a serious crisis to go to waste,” and Obama saw the recession as an opportunity for him to play investor picking winners and losers with hundreds of billions of borrowed dollars.  This was his moment to “transform” the American economy to match his vision for a brave new world.  Lavishing billions on green technology was high on Obama’s list of favorites.  In just three years, his Administration has pumped $80 billion into...
  • Gulf Deepwater Drilling Ban’s Hidden Victims

    02/01/2012 12:41:43 PM PST · by raptor22 · 7 replies · 1+ views
    Investor's Business Daily ^ | Feberuary 1, 2012 | IBD staff
    Energy: Small- and medium-size businesses serving Louisiana's energy industry are shedding employees, dipping into personal savings or moving elsewhere to stay afloat. The administration's war on fossil fuels is taking its toll. The federal six-month moratorium on drilling that was issued in May 2010, after the explosion of the Deepwater Horizon oil rig, has been officially lifted, but it might as well still be in effect. The glacial permitting process put in place in the aftermath in the name of public safety is killing an industry pledged to wean us from the "energy of the past" will not mourn. A...
  • More Solyndra-style failure: Obama-tied Amonix Inc lays off most of company

    01/30/2012 11:34:43 AM PST · by Sub-Driver · 9 replies
    More Solyndra-style failure: Obama-tied Amonix Inc lays off most of company By Neil Munro - The Daily Caller 12:56 PM 01/30/2012 Some of President Barack Obama’s top donors and fundraising bundlers are partners in Amonix Inc., the latest Solyndra-like corporate crash. The company has announced a layoff of 200 workers — two-thirds of its workforce — despite a federal green-technology tax credit of $5.9 million in 2010. The investors include John Doerr’s venture capital firm Kleiner Perkins Caufield & Byers, Daniel Weiss’ Angeleno Group LLC and Steve Westly’s eponymous Westly Group, according to Amonix’s website. These three investors have also...