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Chinese billionaire to scoop up
failing car battery maker
that got $240M from feds
Fox News, by Cristina Corbin*
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Original Article
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Posted By:markinalpine, 10/11/2012 7:23:49 PM
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| A struggling Massachusetts-based company that makes batteries for electric cars and got $240 million in stimulus money is being saved from bankruptcy by a Chinese billionaire who could move operations overseas. A123 Systems received a $241.1-million grant from the Obama administration three years ago and more than $125 million in State of Michigan tax credits in the hopes that the company would create jobs, while leading the country away from conventional gas-guzzling vehicles and toward clean energy. But the lithium ion battery maker is now poised to hand over the reins to Wanxiang Group
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Comments:
*With Perry Chiaramonte
The obysmal won can sure pick 'em, can't he?
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Reply 1 - Posted by:
phx4546, 10/11/2012 7:36:18 PM (No. 8926833)
they will pay by pre-pais credit cards. They have become very good at that.
Can't we make them to assume debts?
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Reply 2 - Posted by:
kayworthy, 10/11/2012 7:48:10 PM (No. 8926855)
Does Obama get a tax break for shipping these jobs overseas? s/o
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Reply 3 - Posted by:
uno, 10/11/2012 8:02:52 PM (No. 8926903)
Any company receiving federal aid, particularly this much should be only allowed to be sold to domestic buyers or companies with no ties to Communist nations.
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Reply 4 - Posted by:
KTWO, 10/11/2012 8:17:30 PM (No. 8926927)
The Chinese can probably ship all the good equipment overseas and then sell the US shell which probably has a huge tax loss on the books.
But I must leave that up to the experts.
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Reply 5 - Posted by:
Hugh Akston, 10/11/2012 9:18:31 PM (No. 8927111)
So...we borry money from the ChiComs, so we can give it to various market failures, supported by an administration that gets big campaign cash from said industries, that then fail and the ChiComs buy back at a discount, that our tax dollars have to pay back over future generations. Is that about right?
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Reply 6 - Posted by:
danu, 10/12/2012 4:33:24 AM (No. 8927520)
such a deal /such a steal ;-d
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Reply 7 - Posted by:
Trigger2, 10/12/2012 6:39:23 AM (No. 8927590)
There goes $240M of taxpayer borrowed dollars down a rat hole. Under Barry, that rat hole has become huge.
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Reply 8 - Posted by:
sw penn, 10/12/2012 8:33:17 AM (No. 8927796)
"...the company would create jobs, while leading the country away from conventional gas-guzzling vehicles and toward clean energy."
The premise is flawed from the start.
Coal powered cars are not "clean energy."
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Below, you will find ...
Most Recent Articles posted by "markinalpine"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "markinalpine"
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Nick Clegg: we were wrong to
back illegal immigrant amnesty
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Telegraph [UK], by Rowena Mason
Original Article
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Posted By: markinalpine- 3/22/2013 12:10:53 PM
Post Reply
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The deputy Prime Minister said it risked "undermining public confidence" to let illegal immigrants stay if they have been in the country for more than 10 years. In his first major speech on immigration, he abandoned the controversial proposal, which was championed by the Liberal Democrats at the last election. Mr Clegg previously supported the idea of "earned citizenship" for illegal immigrants. (snip) "Despite the policy´s aims, it was seen by many people as a reward for those who have broken the law," he said.
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Original Iwo Jima monument
coming to NYC auction
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Associated Press, by Ula Ilnytzky
Original Article
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Posted By: markinalpine- 2/8/2013 10:23:57 AM
Post Reply
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NEW YORK - A long-forgotten piece of America´s military history is going up for sale. The original smaller statue of the iconic raising of the U.S. flag at Iwo Jima in 1945 is expected to fetch up to $1.8 million later this month at a New York auction dedicated to World War II artifacts. That such a statue even exists is news to all but the most ardent history buffs. Most Americans are familiar with the 32-foot-tall Marine Corps War Memorial in Arlington, Va. (snip) Less well-known is the 12 1/2-foot-tall statue created soon after the event.
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Government Gave 4,317 Aliens
2 Social Security Numbers a Piece
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Cybercast News Service, by Matt Cover
Original Article
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Posted By: markinalpine- 1/30/2013 11:25:06 AM
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A report from the Social Security Administration Inspector General (IG) found 4,317 instances where a non-citizen was able to obtain two Social Security numbers, including 542 instances that happened since 2001. “We identified 4,317 instances where the Numident record of 2 SSNs assigned to noncitizens contained matching first, middle, and last names; dates and places of birth; gender; and fathers’ and mothers’ names,” the IG reported on Dec. 10, 2012. Numident – which stands for Numerical Identification System – is the master file of applications for social security numbers.
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Boston Scientific plans job cuts,
4Q tops St. view
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Associated Press, by Staff
Original Article
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Posted By: markinalpine- 1/29/2013 11:52:08 AM
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Boston Scientific is cutting up to 1,000 more jobs as it deals with a new medical device tax from the U.S. health care overhaul, limited growth prospects in certain markets and pressure to cut prices on its products in other countries. Still, the Natick, Mass., company´s shares jumped Tuesday after the maker of pacemakers and heart stents reported fourth-quarter results and a 2013 profit forecast that exceeded Wall Street expectations. In a push to trim costs, Boston Scientific Corp. plans to cut 900 to 1,000 jobs this year, which will include layoffs as well as the elimination
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Illinois credit rating worst in
the nation after downgrade
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Chicago Tribune, by Ray Long*
Original Article
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Posted By: markinalpine- 1/26/2013 1:23:29 PM
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Springfield - Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state´s hemorrhaging pension system during this month´s lame-duck session. Standard & Poor´s Ratings Service downgraded Illinois in what is the latest fallout over the $96.8 billion debt to five state pension systems. The New York firm´s ranking signaled that taxpayers may pay tens of millions of dollars more in interest when the state borrows money for roads and other projects. "It's absolutely bad news for taxpayers,"
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Getaway donkey ruins robbery
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Telegraph [UK], by Lee Moran
Original Article
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Posted By: markinalpine- 1/21/2013 9:49:49 PM
Post Reply
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The trio of Colombian criminals were forced to ditch their ill-gotten gains, during the 2am theft, after the animal started to bray and alerted police. The group had managed to steal rum, oil, rice, cans of tuna and sardines from a small shop in the tiny north Caribbean town of Juan de Acosta, according to Noticias Caracol. They planned to load the goods onto 10-year-old Xavi, who they had stolen some 12 hours before, and make their escape. But the animal let out a series of ´hee-haws´ and unfortunately for the trio alerted nearby police.
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DiCaprio takes break to,
focus on the environment
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New Zealand Herald, by Staff
Original Article
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Posted By: markinalpine- 1/20/2013 1:42:52 PM
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Django Unchained and Titanic star Leonardo DiCaprio says he is planning to take a significant break from filming and concentrate on his environmental campaigning. In an interview with Germany´s mass circulation daily Bild, the 38-year-old American actor said: "I am a bit drained. I´m now going to take a long, long break. I´ve done three films in two years and I´m just worn out.´´ "I would like to improve the world a bit. I will fly around the world doing good for the environment,
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Harry Reid´s Great Disappearing Act
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Wall Street Journal, by Kimberley A. Strassel
Original Article
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Posted By: markinalpine- 1/18/2013 10:26:50 AM
Post Reply
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The simplest statements sometimes are the most insightful. For an example, consider this one on Wednesday from Oklahoma Sen. Tom Coburn, in reaction to President Obama´s gun-control proposals: "I would welcome the opportunity to debate these issues on the floor of the Senate, and would encourage Majority Leader [Harry] Reid to schedule a full and open debate." In these seemingly innocuous words are a key to GOP revival. What may be the most overlooked story of the past two years is how Harry Reid has subverted the democratic process, successfully allowing him to both protect his party
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Additions to be made to gun
laws for law enforcement
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WABC-TV [New York], by Jim Hoffer
Original Article
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Posted By: markinalpine- 1/17/2013 8:32:43 PM
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A troubling oversight has been found within New York State´s sweeping new gun laws. The ban on having high-capacity magazines, as it´s written, would also include law enforcement officers. Magazines with more than seven rounds will be illegal under the new law when that part takes effect in March. As the statute is currently written, it does not exempt law enforcement officers. Nearly every law enforcement agency in the state carries hand guns that have a 15 round capacity. A spokesman for the governor´s office called Eyewitness News to say, "We are still working out some details
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Sign the Petition: Make the
White House a Gun-Free Zone!
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Power Line, by John Hinderaker
Original Article
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Posted By: markinalpine- 1/12/2013 10:11:45 PM
Post Reply
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Via InstaPundit, we learn of the latest citizen-generated petition on the official White House site: Eliminate armed guards for the President, Vice-President, and their families, and establish Gun Free Zones around them Gun Free Zones are supposed to protect our children, and some politicians wish to strip us of our right to keep and bear arms. Those same politicians and their families are currently under the protection of armed Secret Service agents. If Gun Free Zones are sufficient protection for our children, then Gun Free Zones should be good enough for politicians. Heh. But really
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Doing the research the New
York Times won’t do
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Human Events, by Ann Coulter
Original Article
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Posted By: markinalpine- 1/10/2013 10:50:33 AM
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In Sunday’s New York Times, Elisabeth Rosenthal claimed, as the title of her article put it, “More Guns = More Killing.” She based this on evidence that would never be permitted in any other context at the Times: (1) anecdotal observations; and (2) bald assertions of an activist, blandly repeated with absolutely no independent fact-checking by the Times. There is an academic, peer-reviewed, long-term study of the effect of various public policies on public, multiple shootings in all 50 states over a 20-year period performed by renowned economists at the University of Chicago and Yale
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Police: Fla. clerk´s gun beats
thief´s cattle prod
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Associated Press, by Staff
Original Article
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Posted By: markinalpine- 1/10/2013 10:24:20 AM
Post Reply
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TALLAHASSEE - Authorities say a Florida Panhandle man has been arrested after he tried to rob a convenience store with a cattle prod but was thwarted by a clerk with a gun. The Leon County Sheriff´s Office says 26-year-old Lance Tomberlin went into a store just outside Tallahassee on January 2, produced the cattle prod and demanded money from the clerk. Officials say he shocked the clerk several times before the clerk pulled a handgun. Authorities say Tomberlin fled and another employee tried to restrain him, but he eventually escaped in his truck.
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Most Active Articles (last 48 hours)
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We Are Living in
a Dying Country
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Rushlimbaugh.com, by Rush Limbaugh
Original Article
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Posted By: Desert Fox- 4/5/2013 4:53:10 PM
Post Reply
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RUSH: Folks, I don´t know how else to categorize this. We are living in a dying country. I don´t know how else to categorize what´s happening -- 88,000 new jobs. The unemployment rate, because of a terrible statistic, is down to 7.6%. The number of people in this country who are not working is shameful. Ninety million Americans are no longer in the workforce. Ninety million. People not in the labor force grew by 663,000, and now 90 million. That´s the labor force participation rate. This is 1979 levels.
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Why Obama´s ´Best-Looking Attorney
General´ Comment Was a Gaffe
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The Atlantic, by Garance Franke-Ruta
Original Article
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Posted By: Oblio- 4/6/2013 6:51:15 AM
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President Obama´s biggest gaffe yesterday when speaking of California Attorney General Kamala Harris was not in flirtatiously complimenting her as "the best-looking attorney general," but in introducing an observation from the system of beauty into a forum that was about the system of power.What´s that, you say? Irin Carmon does a great job in Salon in laying out the bounds of propriety for when it´s appropriate to talk about a woman´s looks as a general matter. But I´ve long felt we lack a solid theoretical underpinning for easily discussing these issues, and why precisely it is that
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´My bangs are getting
a little irritating´: Michelle
Obama admits she already regrets
her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
Post Reply
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Hillary Clinton Would Not
´Clear the Field´ for 2016
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New Republic, by Tod Lindberg
Original Article
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Posted By: StormCnter- 4/6/2013 5:22:36 AM
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No one is more preoccupied these days with Hillary Clinton´s 2016 plans than the Beltway political class—not even the former presidential candidate herself. To hear some tell it, her decision will be dispositive for all other Democrats thinking of entering the race. And pundits and reporters aren´t the only ones positing the "The Hillary Factor": No less than the House Democratic whip, Steny Hoyer, told BuzzFeed, “I don´t know that anybody would run against Hillary…. If she runs, she clears the field.” It´s an understandable conclusion, given Clinton´s stature in the Democratic Party and her 70 percent
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Obama critic apologizes for
his ´poorly chosen words´
on gay marriage
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The Hill [Washington DC], by Alexandra Jaffe
Original Article
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Posted By: JoniTx- 4/6/2013 12:18:19 PM
Post Reply
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Neurosurgeon Ben Carson, considered by some to be a potential Republican contender for president, apologized to Johns Hopkins University for the "poorly chosen words" he used in expressing his opposition to gay marriage last month.“I am sorry for any embarrassment this has caused,” Carson said in the letter, reported in New York Magazine.(Snip) "Although I do believe marriage is between a man and a woman, there are much less offensive ways to make that point. I hope all will look at a lifetime of service over some poorly chosen words.” Carson will remain as commencement speaker at Johns Hopkins,
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Hillary Clinton: The clock is turning
back for women in America
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Washington Examiner, by Charlie Spiering
Original Article
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Posted By: Desert Fox- 4/5/2013 3:25:20 PM
Post Reply
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Former Secretary of State Hillary Clinton explained to the Women in the World summit in New York today that the clock is turning back for women in America. Clinton praised her own mother for helping empower her to success and marveled at the opportunities that her own daughter Chelsea has pursued. But Clinton warned that there is still so much to do to promote women´s rights in America. "As I look at all these young women that I am privileged to work with, or know through Chelsea, and its hard to imagine turning the clock on them," Clinton said.
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White House Blames Jobs
Numbers on Sequester
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: Dreadnought- 4/5/2013 8:02:58 PM
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The Obama White House is scrambling to blame Friday’s abysmal March jobs numbers on the sequester’s trimming of the rate of growth in federal budgets that have yet to fully commence. After the Labor Department announced that a mass exodus of 663,000 workers left the U.S. workforce last month and that job creation fell 112,000 jobs short of projections, Obama’s top economic adviser Alan B. Krueger, took to the White House blog to blame the sequester: It is important to bear in mind that the March household and payroll surveys are the first monthly surveys to look
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Mother Of Slain Benghazi
Officer To Sean Hannity:
‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
Post Reply
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce
weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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Trayvon Martin´s parents
settle wrongful death claim
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Orlando Sentinel, by Rene Stutzman
Original Article
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Posted By: Desert Fox- 4/5/2013 3:15:25 PM
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SANFORD - Trayvon Martin´s parents have settled a wrongful death claim for an amount believed to be more than $1 million against the homeowners association of the Sanford subdivision where their teenage son was killed. Their attorney, Benjamin Crump, filed that paperwork at the Seminole County Courthouse, a portion of which was made public today. In the five pages of the settlement that were available for public review, the settlement amount had been marked out. Lower in the agreement, the parties specified that they would keep that amount confidential. When asked during an earlier interview whether the amount was
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Beyonce, Jay-Z celebrate 5th
anniversary in Havana, Cuba
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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