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Keyword: governmentsubsidies

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  • Elon Musk's growing empire is fueled by $4.9 billion in government subsidies

    05/31/2015 9:27:33 AM PDT · by NormsRevenge · 26 replies
    Los Angeles Times ^ | 5/31/15 | Jerry Hirsch
    Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space. And he's built those companies with the help of billions in government subsidies. Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups. "He definitely goes where there is government money," said Dan Dolev, an analyst at...
  • North Miami mayor faces foreclosure

    03/03/2012 7:12:31 AM PST · by Nicojones · 18 replies
    Miami Herald ^ | 03/02/12 | Paradise Afshar
    This Article was carried in today's Miami Herald. What is shockingly sad that it was carried as straight news. The article failed to question the decision by this Mayor, a lawyer, to cease paying his mortgage "because its underwater" even after he was provided significant loan modifications, which included a reduced principal by over $125,000! Has the Government or anyone ever given you $125k and allowed you to live rent free? Read the whole article here: http://www.miamiherald.com/2012/03/02/2671560/north-miami-mayor-faces-foreclosure.html#storylink=cpy
  • Cap and Trade’s Snake Oil Salesman

    04/07/2010 8:50:41 AM PDT · by geniusbyosmosis · 12 replies · 748+ views
    Captain Dave Funk ^ | April 07, 2010 | Captain Dave Funk
    Cap and trade is not that complicated. Recently Ag Secretary Vilsack has been out promoting cap and trade and touting its benefits to farmers. Well, let’s look at these benefits that Sec. Vilsack is selling to the American people. Sec. Vilsack is selling this terrible legislation by pointing out the money farmers can make from planting trees which is considered a “carbon offset.” Therefore, during a recession those in Washington would rather re-forest our land, which Vilsack said would provide “significant income opportunities to America’s farmers and ranchers.” This is absurd. When did even the most basic rules about supply...
  • Fuel-toting border crossers draw ire in Juarez

    07/25/2008 5:47:13 AM PDT · by 3AngelaD · 17 replies · 83+ views
    KVIA-TV El Paso ^ | July 23, 2008 | Martin Bartlett
    CIUDAD JUAREZ, Chihuahua -- While consumers just across the Rio Grande in El Paso are paying about $4 a gallon for gas -- more for diesel -- government subsidies here have kept fuel prices well below the $3 per gallon mark. Those low prices have kept El Pasoans hopping the border to stay ahead of sky-rocketing fuel prices at home in the United States, many of them filling up portable tanks with diesel which sell for between $300 and $1,000 in El Paso. "Over the past three months with the price of diesel up where it is, we've seen an...
  • Congressman Wants Teen Out of U.S.

    09/24/2002 11:06:14 AM PDT · by tracer · 21 replies · 153+ views
    The Chicago Tribune | 24 September | Judith Graham
    <p>AURORA, Colo. -- In a case that lays bare deep divisions on immigration, a Colorado congressman is urging immigration officials to deport an honors student who spoke out about the difficulties of undocumented youths trying to attend college in the United States.</p> <p>Tancredo asked immigration authorities to remove 17-year-old Jesus Apodaca and his family from the country earlier this month after the youth was featured in a front-page story by The Denver Post about the dilemmas undocumented teenagers face when trying to go to college. The family has lived illegally in the United States for five years.</p>