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  • Tesla will need more loans to stay afloat in 2013

    12/20/2012 9:57:17 AM PST · by george76 · 14 replies
    MarketWatch ^ | Dec. 20, 2012 | John Shinal
    It’s a lucky thing for Tesla Motors shareholders that the U.S. Department of Energy loves the company’s loan applications. Without the hundreds of millions of dollars has received from the federal government this year, the electric-car maker’s financials would be gasping for air as 2012 winds down. Given the ugly state of Tesla’s finances — and the company’s sky-high valuation: almost $4 billion — it will rank among the top candidates in Silicon Valley for a 2013 stock collapse, unless it receives significantly more cash next year. The Palo Alto, Calif., company’s financials are, in fact, in worse shape even...
  • Obama has taxpayers funding graduate programs in Uganda

    10/14/2012 3:43:20 AM PDT · by wesagain · 11 replies
    WorldNetDaily ^ | Oct 14, 2012 | Steve Peacock
    "Training would offer energy-management courses in East Africa"The Obama administration wants U.S. taxpayers to finance the creation of energy-management doctorate and master’s degree programs at a university in the East African nation of Uganda. Obama, through the U.S. Agency for International Development, wants to help “current and future Ugandan professionals” and others to develop expertise “in sound environmental management and biodiversity conservation in relation to oil and gas development.” Before doing so, however, those same taxpayers and other interested parties have a chance to submit comments to USAID on the proposed endeavor. The USAID/Uganda Education for Environmentally Sound Oil Management...
  • A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern

    05/31/2012 5:56:31 AM PDT · by taildragger · 12 replies
    Green Car Congress ^ | 31 May 2012 | Green Car Congress
    In its most recent 8K filing with the Securities and Exchange Commission (SEC), Li-ion battery maker A123 Systems said a number of circumstances have raised “substantial doubt on [its] ability to continue as a going concern.” On 26 March, A123 launched a field campaign estimated to cost US$51.6 million to replace battery modules and packs that may contain defective prismatic cells produced at A123’s Livonia, Michigan manufacturing facility. The defect could have resulted in premature failure of the battery module or pack, including a decrease in performance and reduced battery life. (Earlier post.)
  • Look whose relative just got $135.8 million energy loan

    10/12/2011 4:06:33 PM PDT · by antidemoncrat · 33 replies
    World Net Daily ^ | 10/11/2011 | Aaron Klein
    The sister-in-law of John Podesta, President Obama's influential White House transition director, served as the lobbyist for a wind power firm that was just awarded a $135.8 million loan guarantee from the Department of Energy.
  • Obama advisors raised warning flags before Solyndra bankruptcy

    09/27/2011 12:14:54 PM PDT · by ¢ommon ¢ents · 3 replies
    LA Times ^ | September 26, 2011, 6:35 p.m. | Tom Hamburger, Kim Geiger and Matea Gold,
    Treasury chief Timothy F. Geithner and others were worried that the selection process for federal loan guarantees fell short and raised the risk that funds could be going to the wrong firms. Jonathan Ernst / Reuters / September 27, 2011 Solyndra President and Chief Executive Officer Brian Harrison, left, and Chief Financial Officer W.G. Stover are sworn in before a hearing on Capitol Hill. Reporting from Washington— Long before the politically connected California solar firm Solyndra went bankrupt, President Obama was warned by his top economic advisors about the financial and political risks of the Energy Department loan guarantee program...