One foot on a banana peel, the other in the grave. That’s where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks. Should either company take a turn for the worse, a tombstone in Heritage’s “Green Graveyard” …
President Obama’s refusal to balance the budget will soon leave Medicare, Medicaid, and Social Security bankrupt. That’s according to Representative Tom Price (R-GA), who spoke at The Bloggers Briefing yesterday and sat down for an interview with Heritage’s Jackie Anderson. Price and other congressional leaders have been advocating a strategy to …
Conservatives won an enormous victory in Michigan last week. The state just passed a right-to-work law that makes union dues voluntary. Starting next year, union contracts cannot require employers to fire employees who do not pay union dues. The state that gave birth to the United Auto Workers union has …
As a follow up to the Green Graveyard overview, this post provides additional information concerning the funding for each of the now-bankrupt green energy companies. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies that were unable to succeed even with the …
Before he became president of MF Global, the bankrupt brokerage firm that lost $1.2 billion in client money, Bradley Abelow spent time as New Jersey’s treasurer and former Gov. Jon Corzine’s chief of staff. In those roles, Abelow served alongside Lisa Jackson, who led the state environmental protection department and eventually …
Randall Stilley has witnessed firsthand the Obama administration’s job-killing agenda. As the president and chief executive of Seahawk Drilling, he had to lay off 632 employees before filing for bankruptcy — a direct result of President Barack Obama’s anti-energy policies. Stilley’s company owned and operated 20 shallow-water rigs in the …
