Showing posts with label Solyndra. Show all posts
Showing posts with label Solyndra. Show all posts

BLOOMBERG: More Tax Money Wasted On Green Energy

Another taxpayer-backed company goes bankrupt. Beacon Power Corp., an energy- storage company that received $43 million in backing from the U.S. program that supported failed solar-panel maker Solyndra LLC, filed for bankruptcy after struggling to raise private financing. The money-losing company, which makes flywheels that manage energy moving through ... MORE

Christopher Chantrill: Subsidies Have Consequences

The ruling class doesn't have a clue about business. To an Obami like Jay Carney, White House press secretary, the failure of corporate crony Solyndra is "just the way business works." You win some, you lose some. Only, of course, the way business works is that when you lose, it's supposed to be your money that gets lost. As Matthew Continetti points out, under ... MORE

Scott Mayer: Free-Market Green Jobs For $2.63 A Day

Taking the challenge to do the math. I employ the services of a landscape maintenance company (AKA a gardener) to maintain my yard. The very existence of his business depends on the collection of that $80 from me ($2.63 a day) as well as the 30 or 40 other people whom he provides his services to each month. This type of service may seem like an unnecessary ... MORE

VIDEO: Green Monsters In The White House


Bad news for Barry! A peek inside the bubbling Solyndra scandal.

Matthew Daly: Obama Admin Approves $1B in Solar Loans

It worked so well with Solyndra.  The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program. Energy Secretary Steven Chu ... MORE

Solyndra's Creditors Include California Democratic Party

The stench of money laundering. Among the roughly 5,000 creditors named by Solyndra, a bankrupt solar energy company that is under investigation for losing a half billion dollars in federal loans, is the California Democratic Party, which says it doesn't know why. The bankruptcy filing doesn't say why the organization is listed as one of the creditors or ... MORE

Jacob Sullum: The Broken Planet Fallacy

Treating global warming as an economic blessing. When Solyndra went belly up last month, less than a year after it started making solar arrays in Fremont, California, an Energy Department spokesman insisted that the $535 million the federal government had loaned the company was well spent. "The project that we supported succeeded," he said. "The facility was ... MORE

Robert J. Mack: Watergate Times Three

White House corruption surfaces. You think Richard Nixon's presidency was the worst scandal ever? Well, so far anyway. It all started with a tape holding a door open at the Watergate complex in Washington, D. C., discovered by a security guard 39 years ago on June 17, 1972. That discovery started a sinister chapter in America's history, fueled by the fervent investigative work of ... MORE