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Keyword: porklulus

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  • BrightSource kills IPO at last minute

    04/12/2012 12:04:10 PM PDT · by Oldeconomybuyer · 13 replies
    San Francisco Chronicle ^ | April 12, 2012 | by David R. Baker
    BrightSource Energy of Oakland, a solar power-plant developer whose first project won $1.6 billion in federal backing, abruptly canceled its initial public stock offering Wednesday night, just hours before trading was scheduled to begin. The surprise move killed what had been the most hotly anticipated clean-tech IPO this spring. It casts doubt on investor appetite for similar offerings in the future. The cancellation could also revive the debate over federal support for renewable power companies. Solar-module maker Solyndra of Fremont, which received $528 million from the same government program that funded BrightSource's first power plant, also canceled a planned IPO...
  • Why Obama’s new Tarp will fail to rescue the banks

    02/10/2009 6:21:10 PM PST · by DocT111 · 3 replies · 574+ views
    Financial Times ^ | 02//10/09 | Martin Wolf
    Has Barack Obama’s presidency already failed? In normal times, this would be a ludicrous question. But these are not normal times. They are times of great danger. Today, the new US administration can disown responsibility for its inheritance; tomorrow, it will own it. Today, it can offer solutions; tomorrow it will have become the problem. Today, it is in control of events; tomorrow, events will take control of it. Doing too little is now far riskier than doing too much. If he fails to act decisively, the president risks being overwhelmed, like his predecessor. The costs to the US and...