Free Republic

Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline. The Department of Energy informed SolarCity of its inability to close the loan 48 hours ago, blaming increased paperwork resulting from a Congressional investigation into the Department of Energy's $535 million loan guarantee awarded to bankrupt solar company Solyndra, SolarCity said in a letter to the Republican lawmakers heading the probe.The DOE loan guarantee program, which is under fire for missing signs its first recipient of loan aid, Solyndra,...

Fitch Places Military Housing Transactions on Rating Watch Negative NEW YORK, Jun 30, 2008 (BUSINESS WIRE) ----Fitch is placing the following military housing transaction ratings, with surety bonds from MBIA and AMBAC, on Rating Watch Negative: --Pacific Beacon LLC (CA: 23.08, -0.01, -0.04%) Military Housing (San Diego) 2006 Series A Class I 'AAA', II 'AA' & III 'A'; MBIA surety bond; --Ohana Military Communities, LLC (HI: 22.58, +1.18, +5.51%) Military Housing Revenue Bonds (Marine Corps Hawaii Housing Privatization Project) 2007 Series A Class I 'AA'& II 'A'; MBIA surety bond; --Ohana Military Communities, LLC (HI: 22.58, +1.18, +5.51%) Military Housing...

**WE PROMISED TO FOLLOW UP on the weekend TV story about Lincoln Properties not allowing air conditioners in the military housing that it runs for Navy and Marines in San Diego County. Story tells of moms and kids sweltering in the heat wave and trying to move scorched air around by a dozen fans. Premise of the TV story is that Lincoln don’t want no AC because they rent to military with utilities included and AC will drive up Lincoln’s cost of electricity and cut into profit margin. Which equates to making military (hero) families suffer to keep the bottom...

The Defense Department is set to replace all of its substandard military family housing units by 2009, a senior DoD official told a congressional committee March 3. The proposed fiscal 2005 DoD budget "allows the department to stay on track to eliminate nearly all of its inadequate military family housing units by FY 2007, with complete elimination by 2009," noted Philip W. Grone in prepared remarks for the House Subcommittee on Military Construction. He is principal deputy undersecretary of defense for installations and environment. Out of its $401.7 billion fiscal 2005 budget proposal, Grone noted DoD is requesting $4.2 billion...