
As President Barack Obama departed for the climate summit in Paris, he faces a new “Solyndra” scandal as Spain’s Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.
by Chriss W. Street29 Nov 2015, 4:50 AM PST0

Despite El Niño generating three times the amount of snow in Mammoth in the first half of this month as it did for the entire month of November last year, California’s failure to build infrastructure means most rain will be lost to run-off and flooding.
by Chriss W. Street16 Nov 2015, 5:30 AM PST0

Michigan’s Alpena Biorefinery announced that it is taking a “sabbatical,” after drinking $22 million of taxpayers’ stimulus cash and after consuming unknown amounts of additional and indirect taxpayer funding—all just to show it could convert wood chips into pure alcohol.
by Chriss W. Street6 Sep 2015, 8:47 PM PST0

Investors hope the U.S. and European markets are stabilizing after Monday morning’s free fall, but China’s stock market dropped again on Tuesday. It looks as if the parachutes are finally popping, as the AP reports the Shanghai Composite rallied from a 6.4% drop on Tuesday morning to a 4.3% loss by midday. This follows an 8.5% plunge on Monday, the worst performance in eight years.
by John Hayward26 Aug 2015, 5:41 AM PST0

The Internal Revenue Service erroneously provided billions of dollars in educations tax credits to ineligible students, according to a new government watchdog report.
by Caroline May5 May 2015, 11:01 AM PST0

California farmers are now suing the state over the high-speed rail project, refusing to have their land sold for pennies-on-the-dollar. And with a 12-year estimated project delay, the contractor is threatening to sue the bullet train for delay penalties.
by Chriss W. Street15 Mar 2015, 4:56 AM PST0

Diana Choyleva of Lombard Street Research, who produces an “unmassaged” calculation of China’s true economic growth, just reported that China’s fourth quarter GDP growth plummeted to 1.7 percent, versus the official 7.4 percent rate.
by Chriss W. Street11 Feb 2015, 7:21 PM PST0