Government-backed solar companies have taken a beating over the last few months, with Solyndra garnering most of the attention. But since the solar company’s bankruptcy in late August, another sector of the “green economy” has moved to the edge of a financial cliff: the renewable electricity grid. Like Solyndra, a …
House investigators are alleging a White House double standard in its rhetoric toward executive compensation for large financial institutions. The allegations appear in a report released in advance of a hearing on government-back housing giants Fannie Mae and Freddie Mac. President Obama ramped up the populist rhetoric in 2009 with …
The Energy Department’s Inspector General has recommended that the loan guarantee program that financed Solyndra be placed on a department “watch list.” The IG’s report raises concerns over the “exposure to risk” created by the program, but stops short of recommending its repeal. Solyndra secured a $535 million loan guarantee …
Scribe has reported extensively on the tendency of large government spending projects to reward the politically connected. It’s a virtual constant of federal interventions in the market, and perhaps nowhere is it more evident than in the Obama administration’s “green jobs” push. Writing on National Review Online today, I detail …
Scribe reported last week on the extensive damage to small businesses wrought by the “Occupy” protests being staged around the country. In lower Manhattan, business owners are fighting back. Having been forced to endure nearly half a million dollars in lost revenue, they are planning to stage a counter-protest. At …
A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.” …
“Occupy Wall Street” protesters claim to be fighting for the disenfranchised members of Main Street America. But their protests are exacting a significant toll on businesses in the cities where they have set up camp. Oakland has been hit hardest. A week after “Occupy” protesters there rioted, vandalizing local businesses and clashing …
In a move that is sure to intensify the already testy exchanges between the White House and congressional investigators, the House Energy and Commerce Committee today released a series of emails showing that Obama donor and Solyndra investor George Kaiser explicitly mentioned the now-bankrupt solar company in talks with administration …
Shortly after the Occupy Wall Street protests gained national attention, donations from supporters began pouring in. Lacking the infrastructure to manage the hundreds of thousands of dollars reportedly donated, the protest group enlisted the services of a non-profit organization called the Alliance for Global Justice. The group takes a 7 …
The Senate is slated to take up a resolution of disapproval next week that would prevent the Federal Communications Commission from regulating the Internet. With the economy still dominating the national political agenda, Senate Republicans are pointing to the measure’s expected impact on job growth. Net Neutrality regulations, explained Sen. …
