Taxpayer-Funded Green Job Losses Easy as A123
Its another day, and another round of layoffs by a recipient of millions of dollars under the Obama Administrations renewable energy initiatives, administered by the mismanaged Department of Energy....
View ArticleEnergy Dept. Makes More Bad Bets with Taxpayer Money
As the U.S. government Venture Capitalist-in-Chief (and President) Barack Obama and his Department of Energy investment guru (and Energy Secretary) Steven Chu pour other peoples money into their...
View ArticleTaxpayers Take Hit as Layoffs, Bankruptcies Plague Green Firms
Federal tax credits, loan and grant programs that expired at the end of last year have plugged the financial flow that made so-called renewables and electric vehicles viable, so they are now...
View ArticleAfter Layoffs, Execs Get Big Raises at Taxpayer-Funded A123 (Makes batteries...
A taxpayer-funded electric vehicle battery company, that is considered in great danger due to its dependency on troubled EV company Fisker Automotive, has awarded its top executives big salary...
View ArticleCan Taxpayer-Subsidized Battery Maker A123 Survive?
The taxpayer-funded ($279 million) battery supplier that gave big raises and parachutes to its executives shortly after it cut Green jobs at its Michigan factories, reported last week it would...
View ArticleTaxpayers Green Investment in Battery Company Withers
A123 Systems the taxpayer-funded electric vehicle battery manufacturer that famously shipped duds toFisker Automotive, which caused one of its luxurious Karma EVs toshut down just before aConsumer...
View ArticleAnother Blunder Affects Taxpayer-Funded EV Battery Company A123
Just as the Department of Energy gave A123 Systems a vote of confidence by extending a deadline until 2014 to spend down its $249 million stimulus grant, the deeply troubled electric vehicle supplier...
View ArticleThe Next Next Solyndra
Get ready for the next Solyndra. Sure, youâve heard those words before. Over the past few months, several companies that had federal backing â Beacon Power, Range Fuels, and Ener1 â all failed....
View ArticleInfinite Taxpayer Money Needed for Electric Truck Company's Survival
Despite a new report out of the United Kingdom that says the future of the business is bleak without government subsidies, a three-year-old unprofitable electric truck company that received $32...
View ArticleA123 Systems Reports More Bad News (Another Obama Stimulooser Success)
Based on this morning's quarterly earnings call, the financial numbers are pointing in the wrong direction for lithium-ion battery maker A123 Systems, a company founded 10 years ago based on technology...
View ArticleLooks Like Subsidized A123 Execs Want to Cash In
As taxpayer-backed electric car battery-maker A123 Systems reported a $125 million 1st quarter loss this week and its stock price dipped to near its 52-week low, the executives that were just awarded...
View ArticleA123's Positive Developments Are Like Clockwork
Seems like every time stimulus recipient battery-maker A123 Systems suffers bad news or a stock price hit, its leaders miraculously produce great news via press release that temporarily bumps shares...
View ArticleMichigan Agency Removes Video of Obama, Top Dems Praising Failed Battery Company
In the fall of 2010, the Michigan Economic Development Corp. the state's "corporate welfare arm uploaded a video to YouTube highlighting the battery manufacturer A123 Systems. At the time, the...
View ArticleElectric car sales falling short of goal
(Excerpt) President Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says it's money wasted on...
View ArticleState Department Removes Video of Obama, Top Dems Praising Bankrupt Battery...
In the fall of 2010, the Michigan Economic Development Corp. the state's "corporate welfare arm uploaded a video to YouTube highlighting the battery manufacturer A123 Systems. At the time, the...
View ArticleRobert F. Kennedy Jr.: Renewable Energy Is Key to U.S. Growth
One of the most important issues in this year's election is energy. Our ongoing addiction to Mideast oil leaves us dependent on countries that are often unstable and hostile. Developing our own...
View ArticlePayouts to Bankrupt A123 Systems Likely to Continue
A reply by stimulus recipient ($115 million of a $249 million grant paid out)A123 Systems to an inquiry by Republican Sens.Charles Grassley (Iowa) andJohn Thune (S.D.) showed theelectric vehicle...
View ArticleA123 Logs Its Own List of Failures
In 2010, President Barack Obama highlighted A123 Systems during a White House press conference saying, "This is what's possible in a green energy economy." The president's words have been prophetic,...
View ArticleBattery maker that received stimulus money could be sold to Chinese company
A bankrupt battery manufacturer that was a cornerstone of President Obamas effort to make the United States a global leader in clean energy technology could end up in the hands of a Chinese company...
View Article
More Pages to Explore .....