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Battery builder A123 Systems
that won $249 million federal grant
files for bankruptcy
Yahoo Auto News, by Justin Hyde |
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Original Article
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Posted By:mambo 5, 10/16/2012 1:01:02 PM
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| No company has embodied Washington's hope for an American-built electric vehicle business like A123 Systems. The Massachusetts-based company was supposed to become the leading home-grown supplier of lithium-ion batteries for automakers in the United States and around the world -- fueled in part by a $249 million grant from the Obama administration. Today, A123 Systems filed for bankruptcy, saying much of its assets would be sold after losing $857 million over the past several years. Here's why it failed.
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Comments:
They are dropping like flies!
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Reply 1 - Posted by:
lylacat, 10/16/2012 1:03:09 PM (No. 8937305)
Another notch on 0bie's belt.
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Reply 2 - Posted by:
Robinsolana, 10/16/2012 1:06:01 PM (No. 8937313)
Obama's green subsidy OBundler cronies are steadily going bankrupt.
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Reply 3 - Posted by:
Teleologicus, 10/16/2012 1:09:25 PM (No. 8937322)
If you build it, they will not necessarily buy it - especially if the taxpayer is your venture capitalist.
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Reply 4 - Posted by:
sgtfox of the jarhead clan, 10/16/2012 1:14:03 PM (No. 8937337)
More confiscated tax money being shoveled into the rat holes ...never to be seen again.
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Reply 5 - Posted by:
Kurto, 10/16/2012 1:18:10 PM (No. 8937346)
Like Mitt Romney said, 0bama only picks losers.
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Reply 6 - Posted by:
wlit22z, 10/16/2012 2:26:33 PM (No. 8937551)
And another one bites the dust! Is anyone keeping count?
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Reply 7 - Posted by:
jgat, 10/16/2012 2:31:21 PM (No. 8937562)
Can anybody in the "green" electric generation/storage business produce a useful business plan or does the presence of taxpayer's money result in mental paralysis?
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Reply 8 - Posted by:
whyyeseyec, 10/16/2012 2:32:43 PM (No. 8937571)
How much in bonus`es and retirement pay are we on the hook for with this company?
Probably more than the initial loan....
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Reply 9 - Posted by:
GOP_U_BET, 10/16/2012 2:34:14 PM (No. 8937578)
I keep hearing that song:
And another one gone, and another one, and another one bites the dust!
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Reply 10 - Posted by:
pineledger, 10/16/2012 3:56:27 PM (No. 8937826)
Another of Zip's stellar investments.
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Reply 11 - Posted by:
Griller1, 10/16/2012 5:38:35 PM (No. 8938054)
We all know that these are friends of, or friends of friends of, the president. They all got a boatload of taxpayer money so that they'll all be extremely wealthy for generations to come. There needs to be a major investigation as to whom these people were connected, and then many people should go to prison and never see freedom again.
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Reply 12 - Posted by:
beca, 11/19/2012 8:20:45 AM (No. 9023306)
does anyone care enough to do anything about this..........the lame of brains reelected him.....a sign to keep wasting...and GIVING....
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Below, you will find ...
Most Recent Articles posted by "mambo 5"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "mambo 5"
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Ex-Detroit mayor convicted
of sweeping corruption charges
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Reuters, by Steve Neavling
Original Article
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Posted By: mambo 5- 3/11/2013 1:14:47 PM
Post Reply
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Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and bribery while in office. U.S. prosecutors accused Kilpatrick, 42, his father and a city contractor of widespread corruption, extorting bribes from contractors who wanted to be awarded or keep city contracts, turning the mayor´s office into "Kilpatrick Incorporated" during his seven year tenure.
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IRS moves to collect billions
in fees from healthcare law
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The Hill, by Ben Goad
Original Article
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Posted By: mambo 5- 3/2/2013 3:09:22 AM
Post Reply
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The Internal Revenue Service on Friday unveiled its proposal to raise tens of billions of dollars through annual fees on health insurers, prompting fierce criticism from industry groups who warn the costs will be passed along to consumers. The proposed rule from President Obama´s healthcare law will be published for public consideration in Monday’s Federal Register. The rule would assess annual fees on most insurers that would total $8 billion next year and rise thereafter, eclipsing $14 billion in 2018, according to the IRS.
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Former Clinton aide, columnist joins Woodward
in claiming White House threat
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FoxNews, by Staff
Original Article
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Posted By: mambo 5- 2/28/2013 4:51:20 PM
Post Reply
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Another member of the Washington political media stepped forward Thursday to claim he was threatened by the Obama White House, shortly after the White House denied reports that an adviser threatened famed Watergate journalist Bob Woodward. The latest claim comes from Lanny Davis, who served as counsel to former President Bill Clinton and later went on to write a column for The Washington Times.
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Obama’s Backers Seek
Big Donors to Press Agenda
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New York Times, by NICHOLAS CONFESSORE
Original Article
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Posted By: mambo 5- 2/26/2013 8:56:13 AM
Post Reply
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President Obama’s political team is fanning out across the country in pursuit of an ambitious goal: raising $50 million to convert his re-election campaign into a powerhouse national advocacy network, a sum that would rank the new group as one of Washington’s biggest lobbying operations. (snip)But those contributions will also translate into access, according to donors courted by the president’s aides.
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Detroit is in financial emergency,
state-appointed review finds
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Associated Press, by Staff
Original Article
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Posted By: mambo 5- 2/20/2013 9:32:09 AM
Post Reply
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The fiscal crisis plaguing Detroit is now in the hands of Michigan´s governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it. Republican Gov. Rick Snyder has 30 days to decide if Detroit needs an emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess. (Snip)The report also said the city´s bureaucratic structure makes it difficult to solve the financial problems.
Intro repaired by staff
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Company Threatens To Leave
Colorado If Ammo Limit Law Is Passed
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KCNC-TV [Denver, CO], by Rick Sallinger
Original Article
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Posted By: mambo 5- 2/18/2013 4:26:44 PM
Post Reply
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Erie, Colo. – A Colorado company is threatening to leave the state if a bill to ban high-capacity ammunition magazines becomes law. CBS4 Investigator Rick Sallinger toured the company in Erie. They said they would certainly prefer to stay. The company is called Magpul. Among other products, they make ammunition magazines which can hold up to 30 rounds. Tuesday night a state House committee took the first step towards banning them. The company’s chief operating officer, Doug Smith, made it clear to the state legislature that if the bill becomes law they will leave Colorado.
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Conservative Hispanic group
tells GOP to avoid ‘amnesty’ label
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Yahoo News, by Liz Goodwin
Original Article
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Posted By: mambo 5- 1/29/2013 2:08:30 PM
Post Reply
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A conservative pro-immigration reform group has issued talking points to Republican lawmakers, telling them to avoid referring to the U.S. citizen children of illegal immigrants as "anchor babies" or calling for the construction of an "electric fence" on the border, among other things. (Snip) The memo urges lawmakers to call them "undocumented immigrants" and to avoid terms such as "aliens" or "illegals," which are seen as offensive and dehumanizing. Another phrase to avoid? "Send them all back."
Link repaired and Snip added by staff.
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Top Japanese Official Urges Elderly
to ‘Hurry Up and Die’
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ABC News, by Aiko Fujita
Original Article
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Posted By: mambo 5- 1/23/2013 11:52:14 AM
Post Reply
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TOKYO – Taro Aso has never been one to hold his tongue. But Japan’s 72 year-old deputy prime minister may have outdone himself with his latest gaffe. At a government panel to discuss social security reforms, the former prime minister called the elderly who are unable to feed themselves “tube people,” then proceeded to say the elderly should be allowed to “hurry up and die” to reduce the burden on a country tasked to pay for their medical expenses.
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Morsi: Boycott USA, Jews
´Descendants of Apes and Pigs'
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Brietbart, by Joel Griffith
Original Article
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Posted By: mambo 5- 1/7/2013 10:01:41 AM
Post Reply
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The Middle East Media Research Institute (MEMRI) released a video of Egyptian President Mohamed Morsi delivering racist, anti-Semitic, and anti-American remarks . The incendiary rhetoric becomes relevant now that the Obama administration plans to give 200 Abrams tanks and 10 F-16 fighter jets to the Morsi government. Morsi expounded on his anti-American and anti-Zionist views in 2010, as a member of the Guidance Office of the Muslim Brotherhood.
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Clinton will not testify
before Congress on Libya,
purported concusion cited
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Fox News, by Staff
Original Article
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Posted By: mambo 5- 12/15/2012 4:28:56 PM
Post Reply
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Secretary of State Hillary Clinton will not be able to testify next week before House and Senate panels on the Benghazi issue because she sustained a concussion, a top State Department official said Saturday. Clinton was a scheduled to testify Thursday on the Sept. 11 attack on the U.S. Consulate in Benghazi, Libya, in which U.S. Ambassador Christopher Stephens and three other Americans were killed. Deputy Assistant Secretary of State Philippe Reines said Saturday that Clinton is suffering from a stomach virus, fainted and hit her head, which caused the concussion. However, he did not say when
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Geithner: End debt ceiling,
´sooner the better´
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CybercastNews Service, by Elizabeth Harrington
Original Article
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Posted By: mambo 5- 11/20/2012 7:47:30 AM
Post Reply
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Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate the debt ceiling.” “Oh, absolutely,” Geithner said. ... “It would have been time a long time ago to eliminate it. The sooner the better."
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Feinstein has ´concern´
about Rice´s Benghazi talking points
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LA Times, by Michael A. Memoli
Original Article
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Posted By: mambo 5- 11/19/2012 7:25:44 AM
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Sen. Dianne Feinstein said Sunday that she has initiated a review of talking points used by U.N. Ambassador Susan Rice on the attack on the American diplomatic facility in Libya, with the goal of determining why the public comments appeared to conflict with the initial assessment of U.S. intelligence sources. Feinstein, chair of the Senate Intelligence Committee, defended Rice against what she called the “politicization” of her comments....." But the California senator also said she had “some concern” with the process that produced the unclassified “speaking points” that Rice worked off of
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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
Post Reply
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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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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
Post Reply
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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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´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: 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
Post Reply
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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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The Deafening Silence that
Signals Our Demise
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Townhall, by Diana West
Original Article
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Posted By: Drive- 4/5/2013 11:56:32 AM
Post Reply
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Get ready for the last straw. First, though, I´d like to suggest that anyone reading this column in a local newspaper or news site pat the editor on the back for publishing what in our neo-medieval world of fear amounts to a forbidden column. Yup, I am about to say something about the Great Barack Obama Identity/Eligibility Scandal again. I know that this is one rich and urgent topic that doesn´t see the light of day in certain so-called news outlets -- and I say that from the experience of watching my own syndicated columns
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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
Post Reply
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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
Post Reply
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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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Obama Budget to Cap Retirement
Accounts at $3 Million
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Breitbart´s Big Government, by Tony Lee
Original Article
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Posted By: Desert Fox- 4/5/2013 9:40:39 PM
Post Reply
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The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving." "The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per
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