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All of these are bankrupt or approaching insolvency
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All of these are bankrupt or approaching insolvencyI wear a Fez. Fez-es are cool -
Why did the chart include cents? -
This chart is garbage. First of all, in several instances, it says BILLION, but numerically lists MILLIONS. (#7 and #8). Secondly, there are several companies that are on there who's are struggling, but certainly no where near bankruptcy or insolvency. For example, the company I work for just built a massive panel manufacturing facility in Phoenix for First Solar.
Not saying I'm a Barry backer, just believe in fair reporting. I don't find this list very accurate.Comment
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How do you get 2.1 billion and end up having to file for bankruptcy? That is just pure insanity.
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You forgot to include entire countries dude! (foreign aid)
Now think of all what we could have done with that money back in the states...Full time ninja editor.Comment
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Originally posted by Doug Hatton View Post
First Solar, a solar energy company that received a $1.46 billion loan guarantee from the Department of Energy, announced today that it will layoff 2,000 workers in the United States and world-wide.
The company will "indefinitely idle" four production lines in Malaysia and shutter a plant in Germany. "These actions, combined with other personnel reductions in Europe and the U.S., will reduce First Solar's global workforce by approximately 2,000 positions, about 30 percent of the total," First Solar announced today.
"After a thorough analysis, it is clear the European market has deteriorated to the extent that our operations there are no longer economically sustainable, and maintaining those operations is not in the best long-term interest of our stakeholders," said Mike Ahearn, Chairman and Interim CEO of First Solar, in a statement.
In December, First Solar laid off 100 employees at a Santa Clara , Calif., plant. The DOE has committed $1.46 billion to a project in Riverside County, California expected to create 15 permanent jobs and 550 construction jobs.
The Washington Examiner's Tim Carney reported last month that the Export-Import Bank also subsidizes First Solar, helping the company "to sell solar panels to itself" by having a Canadian solar company "wholly owned" by First Solar by its parent company's products.
H/T Maggie Thurber
I wear a Fez. Fez-es are coolComment
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That chart is garbage. You can't believe it. Doug said so.Originally posted by Machx2 View PostHow do we forget ourselves? How do we forget our minds?
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You mean they used a billion dollars in taxpayer funds and decided to build something. Got it. You know the random shit I could build with a billion dollars? It'd look great on paper tooOriginally posted by Doug Hatton View PostI wear a Fez. Fez-es are coolComment
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The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.
CORRECTION:
Figures for four companies have been updated: Beacon Power received $43 million from the U.S. government, not $69 million as originally reported. Azure Dynamics received $5.4 million from the federal government, not $120 million as originally reported. Compact Power Inc. received $151 million as part of the stimulus, not $150 million as originally reported. Willard and Kelsey Solar Group received $700,981 in government funding, not $6 million as originally reported.
The following companies have been removed from the original list: AES’s subsidiary Eastern Energy, LSP Energy and Uni-Solar did not receive government-backed loans, based on additional research. The National Renewable Energy Lab did received $200 million in stimulus funding, but it is a government laboratory.
I wear a Fez. Fez-es are coolComment
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With 80 billion we could build 16 AP1000's which could alone produce 25% of ALL the power produced in the United States alone.
...and I would would have a job...
Instead, politicians have to pay off their cronies that put them in office.
Obama's presidential campaign will cost roughly 1 BILLION dollars. Why are buisnesses and individuals ready and willing to "donate" to his campaign? Because it's not a FUCKING DONATION. It's an INVESTMENT.
And that's why I don't vote. Money must be removed from politics. This is straight Atlas Shrugged bullshit, and I will not be apart of it.Last edited by majorownage; 10-24-2012, 02:12 PM.Full time ninja editor.Comment
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That's precisely why I DO vote. We have no other voice.Comment
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