When the story of the Department of Energy’s green loan program is written someday, the entire book will be contained in chapter 11:
After months of financial turmoil, an Energy Department-backed lithium ion battery company has filed for Chapter 11 bankruptcy protection.
The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.
But despite generous federal support for the company, Ener1 was racked by problems last year. In October, NASDAQ delisted the company due to non-compliance with Securities and Exchange Commission filing requirements. A month later, the company’s president, chief executive, and top financial officer were fired.
On Thursday, Ener1 announced it will initiate a pre-packaged Chapter 11 bankruptcy plan as part of an agreement to restructure the company’s debt obligations.
The problem? Something the government often fails to take into account when spending tons of other people’s money because they think it can be artificially created later on: Product demand
This is pretty cool. There’s a brief description of the game with some footage underneath each one. I don’t have a dog in this fight, but I’m gonna enjoy the game anyway.
With the Giants and Pats facing off in a Super Bowl rematch, we can’t forget the significance of the first matchup. The Pats were 1 win away from an undefeated season and most likely would’ve been called, The Greatest Team of All-Time. But one Giant loss forever altered how they’ll be remembered 10, 20, 30 years down the road. Unfortunately, history rarely remembers the losers; the teams who came up short despite their overwhelming dominance in the regular season. This list will countdown the top teams to not win the Super Bowl in their respective seasons. Let us know if we missed any teams in the comments.
Too bad it took a federal judge to tell the Marine Corps that they can’t stifle free speech. Funny thing is, they are sworn to defend the Constitution, yet violate it at all in the name of not offending the enemy. At least this one was overturned for the stupidity that it really was. Diversity and political correctness will be the end of this nation. Even the French, German and Italians realized that diversity has ruined their countries. Too bad we can’t learn from their mistakes.
A federal judge has permanently banned officials at Camp LeJeune Marine Corps Base in North Carolina from censoring bumper stickers and window decals critical of Islam and its prophet, Muhammad.
The ruling came in the case of a civilian employee who had served 25 years in the Marines including two combat tours in Vietnam before he retired.
Jesse Nieto lost his youngest son, Marc, in the Oct. 12, 2000, attack on the USS Cole by Islamic terrorists and subsequently carried bumper stickers and decals critical of the violence of Islam, including “We died, they rejoiced,” “Islam = Terrorism” and a picture of Calvin, of Calvin and Hobbes cartoon fame, urinating on a cartoon illustration of Muhammad.
The camp base ordered the criticisms of Islam censored, and when Nieto refused, brought court action against him.
Yesterday’s ruling from Senior U.S. District Judge Malcom J. Howard reversed the order.
I vote lying. He’s a politician for one, and a Democrat on top of that.
This letter from David Codrea is excellent. If you are ignorant of the “Fast and Furious” gun walking scandal, I suggest you go over to David’s site and get caught up.
There really needs to be some impeachment going on over this one.
I won’t begin this with letter with the salutation “Dear,” because I only have contempt for you, and the disgusting responses you gave to The Daily Caller when they asked you about the Congressional investigation into the Fast and Furious “gunwalking” international criminal conspiracy (see article for video–Examiner.com does not accomodate the html code to embed it here).
Has Guam tipped over and capsized yet?
And have you “fl[own] a space shuttle” through the “gun show loophole” yet—you know that “hole in our gun control laws” you lie about when you say “untold thousands of unlicensed private weapons dealers…are selling firearms, including automatic assault rifles of the type that walked away in Operation Fast and Furious.”
WASHINGTON AP – It was a wish list, not a to-do list.President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren’t so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies – something he could not get through a Democratic Congress, much less today’s divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn’t get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.A look at Obama’s rhetoric Tuesday night and how it fits with the facts and political circumstances:
OBAMA: “We have subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that’s rarely been more profitable, and double-down on a clean energy industry that’s never been more promising.”
THE FACTS: This is at least Obama’s third run at stripping subsidies from the oil industry. Back when fellow Democrats formed the House and Senate majorities, he sought $36.5 billion in tax increases on oil and gas companies over the next decade, but Congress largely ignored the request. He called again to end such tax breaks in last year’s State of the Union speech. And he’s now doing it again, despite facing a wall of opposition from Republicans who want to spur domestic oil and gas production and oppose tax increases generally.
Before our very eyes, a generation of Americans is losing faith in the American dream and adopting attitudes and behaviors that emphasize living for the day, not planning to take care of their own futures. They clearly see the problems ahead and draw rational conclusions.
Most of our problems have been caused by government. The unintended consequences of poorly thought out legislation or legislation designed merely to garner votes for re-election is wreaking havoc on economic opportunity for our country.
For one, the regulatory burden by our government on economic growth is well-known. The regulatory impact of the Dodd-Frank bill, the Affordable Care Act, No Child Left Behind, and the EPA all influence costs but, concurrently, adversely affect productivity and our competitiveness in world markets.
There’s no bias in the media! Surely you jest. A few hundred nasty hippies take over a park in DC and there’s no end to the MSM coverage. A few hundred THOUSAND show up for a peaceful march and zip, zilch, nada.
People still trust these morons. At least those that haven’t figured out the Internet.
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. I am making such material available in my efforts to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research, educational, or satirical purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
