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Obama's energy crisis
There are a lot of questions emanating from the bankruptcy and failure of California solar-panel maker Solyndra, and how it was that US taxpayers got on the hook for some $535 million in loan guarantees to the company – which just happened to also
Updated: 09/18/2011 09:36P
White House worried about Solyndra 'optics' last winter
"While the company may avoid default with a restructuring, there is also a good chance it will not," the January 31, 2011 email said. "If Solyndra defaults down the road, the optics will arguably be worse later than they would be today.
Updated: 09/18/2011 08:47P
World's Declining, Graying Population Doesn't Spell Economic Growth
The Lehman bankruptcy was a much more important event than 9/11. It marked the end of a 60-year credit expansion. Maybe it marked the high water mark for the US Empire, too. And the beginning of the end for the US dollar-based world monetary system.
Updated: 09/18/2011 08:17P
Solyndra Sets Oct. 25 Deadline to Bid for Solar Panel Maker
“Imperial has commenced the marketing process for Solyndra's business assets by contacting over 100 prospective buyers,” the company said in court papers. Solyndra, whose $535 million federal loan guarantee was criticized by Republicans,
Updated: 09/18/2011 07:58P
CLIMATE SPECTATOR: America's solar distraction
The recent declaration of bankruptcy by solar power company Solyndra and the investigation into the circumstances of the company's loan approval has both the left and right in a tizzy. Republicans are attempting to use the incident to discredit any
Updated: 09/18/2011 07:23P
Solyndra Delays Auction, Sets Oct. 25 Deadline for Solar Panel Maker Bids
16 in US Bankruptcy Court in Wilmington, Delaware. The company, based in Fremont, California, hired Imperial Capital LLC as its investment banker to find a buyer willing to reopen the factory, which shut down Aug. 1 after Solyndra fired almost all of
Updated: 09/18/2011 07:21P
SAVED! Arizona Daily Star stock skyrockets 50% in a day after being on verge
Arizona Daily Star stock skyrockets 50% in a day after being on verge of bankruptcy by DA Morales on Sep. 18, 2011, under Headline news The Arizona Daily Star is turning a new page and is skipping Chapter 11 for now. The Arizona Daily Star (Tucson) and
Updated: 09/18/2011 07:10P
Debt crisis in Europe still grim: Austrian FM
18 (Xinhua) -- Michael Spindelegger, Austrian Vice Chancellor and Foreign Minister publicly stated on Sunday that the current debt crisis in Europe is still grim, not excluding "the possibility of bankruptcy of Greece." During an interview with the
Updated: 09/18/2011 07:06P
Court to weigh competing plans for Jewish Times
A bankruptcy judge will begin hearing arguments Tuesday from Baltimore Jewish Times owner Alter Communications Inc. and its former printer, HG Roebuck & Son Inc., to decide whose vision for the future of the company will prevail.
Updated: 09/18/2011 06:11P
International financial news
ATHENS - The Greek government will launch a new round of austerity measures to reduce public spending next year, Finance Minister Evangelos Venizelos says, as the country tries to convince creditors its finances are under control.
Updated: 09/18/2011 06:04P
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