The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
Well, now you're being rude and condescending without knowledge of my background. I'll say it...one...more...time. And I'll try shouting....PRACTICAL. From a ...practical...point of view, how is solar energy working out for you so far? (Don't bother to respond; I'm done here.)
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
"no value to the renewable proposition"? Really? I'm repeatedly "suggesting" a comparative limited value of return for investment. Perhaps your valuation is slanted toward environmentalism?
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
Thks for your considered reply, kmi, but I dropped all solar investments between 2 and 3 years ago. I don't see that the value in return for investment is practical, at least as yet. I've nothing against green energy, but for the time being see nat gas as the more (again I use the word) "practical" in terms of return for investment approach. Btw, I live in Arizona and have also watched the struggling First Solar and of course Solyndra quite closely.
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
I've run and owned businesses, but what does that have to do with solar power? I can tell you this, right after Obama was elected, I dived deep into STP thinking I'd get in ahead of solar. Learned my lesson on solar early.
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
Apparently solar isn't a practical investment even in Germany...or anywhere.
NYT's Joe Nocera ran into Jamie Dimon (JPM) in an elevator, and the results weren’t pretty. “Why does The New York Times hate the banks?” the JPMorgan Chase chief asked. But the problem, Nocera writes, lies in a pattern of “awful behavior” inside the credit card collection wings of banks like JPM. “It’s the country that hates the banks." [View news story]
The NYT and the media in general say "It's the country that hates the banks." Who should be handling the country's finances? Our ever inefficient Government that hasn't had a budget for 3 years? Does 16 Trillion Dollars in debt mean nothing? Or has the country swallowed the blame-game propaganda incessantly pounded by the mainstream media without making an effort to understand banking or international banking in any degree whatever? Personally, everytime I hear or read a statement like that, it translates to "Blame-Game" thanks especially to guess-who lumped them all as "fat cats" and a much too compliant media.
Ford (F) plans to invest $1.3B in a stamping and assembly plant in the Mexican city of Hermosillo, says a company exec. The investment plan comes in spite of a recent deal to in-source jobs from overseas facilities. [View news story]
Forgetting Regulations? the EPA? the UAW? the NLRB? Besides, it'll be good for Mexico, and a good portion of those cars will be sold in Mexico. And how many plants, jobs, collateral businesses etc does Ford already support in the USA? I hold Ford shares, too, and am not at all unhappy with an "additional" (remember?) plant in Mexico.
Analysts expect a weak upcoming earnings season, but that may not be such a bad thing, Justin Lahart writes: “If a profits slowdown is coming because companies have reached the limit on margin expansion, and now have to hire more workers to keep up with sales, investors should really celebrate what is happening… Earnings growth is nice, but a healthy economy is even nicer.” [View news story]
Wherever did politicians and analysts get the idea that hiring is the primary purpose or obligation of business? Profits are the primary purpose, and if earnings build, hiring will follow. The horse still comes in front of the cart in the serious world.
Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Thinking further, Obama's priorities have always been health and education, certainly not economics. His answer has always been the simplistic throwing money at any problem. Robin Hood now on the World stage. Incredible power trip.
Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Exactly. A familiar pattern. The problem with academics is that they are masters of theory, lost in application. But why a "health" expert as head of the World Bank? An implausible, amateurish and unexplained choice. "Because I can"?
Ford (F +0.4%) is the target of a lawsuit alleging that the automaker knowingly sold trucks with defective fuel tanks over a 10-year period. Supposedly, Ford issued a "secret" technical service bulletin to dealers in 2007, but failed to recall or repair the trucks affected. [View news story]
Be a good thing to check facts before getting too excited. It's a litigious society we live in. Good to be suspicious about "allegations" "possible" "reportedly" and even "supposedly."
Treasury scrambled to convince S&P away from downgrading the U.S. in the days and hours leading up to the Aug. 5 move, according to newly obtained emails. As it became evident S&P was going to move ahead, Treasury desperately floated a story the ratings agency had muffed a simple calculation, but it was to no avail. [View news story]
S&P weighs in on student loan debt - noting that students face increasing difficulty in a tough economy to make repayments on the $1T in federal and private loans they owe. The ratings agency sees more defaults of student loan asset-backed securities and doesn't pull any punches on the outlook for the sector: "Student-loan debt has ballooned and may turn into a bubble." [View news story]
Really. Is there anybody that couldn't see this coming?
The Obama administration is expanding eligibility for its Home Affordable Modification Program, known as HAMP, to borrowers with higher debt loads and tripling the incentives it pays banks that reduce principal on loans. Some of the changes include expansion of eligibility to borrowers with less than 31% equity, rental property owners and Fannie and Freddie if they allow servicers to forgive principal on HAMP modifications. [View news story]
It all sounds wonderful, but adds to our National Debt. No matter, it buys votes.
Timothy Geithner says that he doesn't expect to be asked by President Obama to serve a second term if he's re-elected - telling Bloomberg TV that he's "pretty confident" he will be out of a job next January. [View news story]
Seems like sooner or later everybody but the political staff goes down the road. A true leader would command more respect and loyalty. Can't help but wonder where the differences lie between Geithner and Obama, never known for his expertise on economics.
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee. [View news story]
NYT's Joe Nocera ran into Jamie Dimon (JPM) in an elevator, and the results weren’t pretty. “Why does The New York Times hate the banks?” the JPMorgan Chase chief asked. But the problem, Nocera writes, lies in a pattern of “awful behavior” inside the credit card collection wings of banks like JPM. “It’s the country that hates the banks." [View news story]
Ford (F) plans to invest $1.3B in a stamping and assembly plant in the Mexican city of Hermosillo, says a company exec. The investment plan comes in spite of a recent deal to in-source jobs from overseas facilities. [View news story]
Analysts expect a weak upcoming earnings season, but that may not be such a bad thing, Justin Lahart writes: “If a profits slowdown is coming because companies have reached the limit on margin expansion, and now have to hire more workers to keep up with sales, investors should really celebrate what is happening… Earnings growth is nice, but a healthy economy is even nicer.” [View news story]
Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Amid general praise for Pres. Obama’s nomination of Jim Yong Kim as head of the World Bank, Harvard's Lant Pritchett - who worked at the Bank for 17 years - blasts the nomination as “a terrible idea.” Kim's "charity work" is impressive, Pritchett says, but he has no experience in banking or international development. Obama was worried about his political left flank and "did the craven thing." [View news story]
Ford (F +0.4%) is the target of a lawsuit alleging that the automaker knowingly sold trucks with defective fuel tanks over a 10-year period. Supposedly, Ford issued a "secret" technical service bulletin to dealers in 2007, but failed to recall or repair the trucks affected. [View news story]
Treasury scrambled to convince S&P away from downgrading the U.S. in the days and hours leading up to the Aug. 5 move, according to newly obtained emails. As it became evident S&P was going to move ahead, Treasury desperately floated a story the ratings agency had muffed a simple calculation, but it was to no avail. [View news story]
S&P weighs in on student loan debt - noting that students face increasing difficulty in a tough economy to make repayments on the $1T in federal and private loans they owe. The ratings agency sees more defaults of student loan asset-backed securities and doesn't pull any punches on the outlook for the sector: "Student-loan debt has ballooned and may turn into a bubble." [View news story]
The Obama administration is expanding eligibility for its Home Affordable Modification Program, known as HAMP, to borrowers with higher debt loads and tripling the incentives it pays banks that reduce principal on loans. Some of the changes include expansion of eligibility to borrowers with less than 31% equity, rental property owners and Fannie and Freddie if they allow servicers to forgive principal on HAMP modifications. [View news story]
Timothy Geithner says that he doesn't expect to be asked by President Obama to serve a second term if he's re-elected - telling Bloomberg TV that he's "pretty confident" he will be out of a job next January. [View news story]