Amtrak spent $1.70 for every dollar it earned on food and beverage sales last year, leading to a loss of $84.5 million on the service, according to information provided to the House Transportation and Infrastructure Committee this week. Committee Chairman John Mica (R-FL) blasted the “inefficient and wasteful” record of …
On Thursday, the House Energy and Commerce Committee released a bombshell report detailing its investigation into bankrupt solar company Solyndra. Along with the report, the committee released a trove of emails between Solyndra stakeholders and administration officials. They paint a troubling picture of efforts to prop up the company despite its …
A new book out later this month paints a vastly different picture of President Obama’s economic stimulus than the one he sold to the American people upon taking office in 2009. Time senior correspondent Mike Grunwald, a self-proclaimed “Recovery Act cheerleader,” argues in “The NEW New Deal: The Hidden Story of Change in …
From today’s House Energy and Commerce Committee report on the Department of Energy’s Solyndra loan guarantee comes this startling revelation: Chris Gronet, the CEO of Solyndra, referred to the federal government as the “Bank of Washington,” adding, “it continues to help us.” The report underscores the degree to which the …
When the Energy Department set out to restructure the federal loan for now-bankrupt solar company Solyndra, White House budget staffers insisted that allowing the company to go bankrupt and liquidating its assets would provide greater returns for the taxpayer than the deal DOE had struck with the company’s private investors. …
A new Government Accountability Office report reveals that in more than 40 states a growing number of households are able to collect food-stamp benefits simply by receiving a government-issued brochure or accessing a toll-free number. For example, in states like Alabama, Hawaii and Montana, a brochure automatically triggers eligibility in …
To counter the decades-long pursuit of “fairness” fostered by the nation’s left-leaning educators, producers of a new film believe that the educational process should be a “no-holds-barred” affair of thoughtful exchange, not one-sided dogma that stigmatizes success and prosperity. The Young America’s Foundation has teamed up with director Stephen K. …
One of Abound Solar’s venture capital investors blamed election-year political games for the collapse of the Colorado-based thin film solar panel manufacturer, according to a new interview. John Hill, discussing the demise of a company and technology he invested in both financially and emotionally, acknowledged that the company’s troubles could …
It is Department of Energy policy to ignore the federal government’s own criminal investigations into companies applying for taxpayer funding. The admission came from a DOE official who testified at a congressional hearing Thursday. The hearing focused on federal support for Ecotality, a company that manufactures electric vehicle charging stations. …
Amonix, the solar panel manufacturer whose Las Vegas plant ceased operations in May, managed to secure millions in federal grants and potential tax breaks even though its product had quality problems and was never really economically viable, according to sources. The politically connected company had the backing of Senate Majority …
