Abengoa SA was offered a $1.45 billion loan guarantee by the U.S. Department of Energy to build a 250-megawatt solar plant in Arizona, and Abound Solar Manufacturing was offered a $400 million loan guarantee toward two plants where thin-solar panels will be manufactured. The guarantees through the Recovery Act and other measures are expected by …
Author: Jim
The weak horse
Mark Steyn brilliantly skewers our Afghanistan policy. He primarily blames Obama, though the rot set in under Bush. Why would Putin, Ahmadinejad or the ChiComs take Barack Obama seriously when even a footling client such as Hamid Karzai can flip him the finger? … The toppling of the Taliban was an operation conducted with extraordinary …
It is the past that changes
The future is certain, it is the past that changes. Moveon had a web page demonizing General Petraeus as General Betray Us Obama appoints General Petraeus in charge of Afghanistan, whereupon the page not only instantly disappears from Moveon.org, but also instantly disappears from Google’s cache. When the past changes, Google’s spiders are quicker of …
China continues moving to the free market
The greatest limitation on the economic liberty of Chinese was capital controls. Recently the party took a big step away from capital controls by allowing ordinary Chinese to buy and sell gold as an investment. As Europe and the US moves towards capital controls, the party continues to move away from capital controls. The Central …
Doomsday postponed for a short time
As I write this, Spain just ran out of money. Presumably the European central bank is going to print up a whole lot of fresh money and bail them out, if it has not done so already. If they are not swiftly bailed out, there will be a run on the Spanish banks, and the …
If Jews bleed, it does not lead
The biggest story of the last few days has been Israel’s interception of peace activist ship to Gaza, in which they killed nine peace activists. Here is a picture of some peace activists holding down a soldier at knifepoint, with what appears to be a pool of blood on the bulkheads. When the the picture …
The coming collapse
perverse incentives make collapse inevitable
Minority mortgage meldown and diversity recession
People are starting to realize wonder where all the money was pissed away to. The answer, of course, is that most of it was pissed away on affirmative action loans to members of protected minorities. Whose fault is this? Steve Sailer blames primarily Karl Rove and George Bush There is much truth in this, but …
Freedom flotilla vs Israeli Defence Forces.
Don’t take a knife to a gunfight. Israel is blockading Gaza. Activists attempted to force the blockade with pathetically inadequate weapons. Perhaps the intent was to suffer some pathetic casualties, that they could then whine about, or perhaps they were just stupid. If you are going to engage soldiers and marines, you should either take …
The past is always changing
We have always been at war with Eastasia
Someone in Academia received an order like that given to Comrade Winston Smith, and all of Academia fell into line, and remains in line to this day, a thousand megaphones attached to one microphone.