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There's more Solyndras lurking in Obama's "green-land." The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES’ subsidiary Eastern Energy, and the infamous, Solyndra all were beneficiaries of Obama's "green" obsession. According to a hard-hitting CBS News report; Beacon Power, a “green energy storage company,” received $43 million from the Obama admin. The deadheads in the Obama admin gave the biggest S%P 500 loser loan gurantees. The high-sounding "Solar Trust for America" received $2.1 billion in conditional loan guarantees from the DOE — “the largest amount ever offered to a solar project,” according to Obama's Energy Secretary Steven Chu. The project near...

Second green flop stokes controversyBy Ben Geman and Andrew Restuccia - 10/31/11 08:36 PM ET The White House is facing fresh political headaches over energy loans as a second Energy Department-backed company goes bankrupt and Republicans prepare to subpoena White House internal communications on the failed solar company Solyndra. Beacon Power Corp., the energy storage company that received a $43 million Energy Department (DOE) loan guarantee last year, filed for bankruptcy over the weekend, prompting a fresh wave of GOP criticism of the embattled DOE loan program. The filing comes two months after California solar panel maker Solyndra — which...

POLITICO Pro’s early-morning energy newsletter reports on the closing of another environmental company that was backed by the Energy Department, shortly after the White House announced that it would review the loan process that awarded money to Solyndra: This time, it’s Massachusetts-based energy storage firm Beacon Power Corp., which filed for bankruptcy this weekend despite receiving a federal $43 million loan guarantee in August of last year. In the filing, company CEO William Capp cited the current economic and political climate and DOE’s financing terms as reasons for Beacon’s failure, Bloomberg reports. KEY DIFFERENCE FROM SOLYNDRA: Taxpayers appear positioned to...

Second Energy Department-backed company goes bankruptBy Ben Geman - 10/31/11 08:04 AM ET A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse. Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware. Beacon Power had received federal loan guarantee to help build an energy storage plant in Stephentown, New York that began operating in January. The Treasury Department’s Federal Financing Bank provided...

On Sunday October 30, 2011, 7:21 pm EDT (Reuters) - Beacon Power Corp filed for bankruptcy on Sunday just a year after the energy storage company received a $43 million loan guarantee from a controversial U.S. Department of Energy program. The move comes about two months after solar panel maker Solyndra also filed for bankruptcy, setting off criticism of the government loan program. The department guaranteed $535 million in loans to Solyndra, and Congress is investigating whether political influence played a role.

The possibility that the alleged New York bomb plotters converted to Islam in prison and adopted radical views could provide evidence of how the criminal-justice system can be fertile ground for terrorist recruitment. Authorities said they believed all four men charged in the attack were Muslim and that some may have converted in prison. It isn't clear whether these conversions were linked to the radical views officials say they espoused while plotting to bomb two New York City synagogues and shoot down U.S. military planes... According to New York state corrections records, alleged ringleader James Cromitie and David Williams gave...

Liberals + technology + going outdoors + entitlement mentality = taxpayer burden

The plane that slammed into a mountainside near Nome in February lacked a voluntary but key piece of equipment that could have sped the rescue of the five passengers and pilot, a federal investigator said last week. Frontier Flying Service hadn’t removed the plane’s emergency beacon — a type that is no longer being heard by satellites — and replaced it with an updated model, said Jim La Belle, regional director for the National Transportation Safety Board in Alaska. The Fairbanks airline isn’t alone. Most of the state’s small commercial airlines apparently haven’t updated their equipment, though doing so is...

BALTIMORE -- Federal prosecutors on Thursday charged a Maryland man with conspiracy to provide information to terrorists. The U.S. Attorney's Office of the Southern District of New York said Thursday afternoon that Mahmud Faruq Brent, also known as Mahmud Al Mutazzim, is in federal custody in New York. He was arrested Thursday in Newark, N.J. Brent, of Baltimore, faces charges of conspiring to provide resources to Lashkar-e-Taiba, which has been linked to bombings in India, from 2001 through the current year. Federal authorities, along with the Baltimore Joint Terrorism Task Force, searched Brent's northwest Baltimore residence following the arrest. Federal...

Just a question to ponder over during lunch... Are we still the hope of the people of the world... Can we still fight the evil of this world and win? We have fought communism and facisim and won. Can we win against the present evil of today? Sometimes I wonder. We the people are divided. If we are divided, how can we fight together and win? Your comments and thoughts...

Scientists recently decoded the first confirmed alien transmission from outer space. It said: "Please send 5x10 (to the 50th power) atoms of hydrogen to each of the five star systems listed below. Then, add your system to the top of the list and delete the system at the bottom. Transmit copies of this message to 100 different solar systems. If you follow these instructions, you are guaranteed that within 0.25 degrees of a galactic rotation you will receive in return sufficient hydrogen stores to power your own civilization until the universe reaches inevitable maximum entropy. This really works!" OK, it's...