China Can’t Compete in Solar Either

solar panelsAs U.S. solar companies struggled, quit the business or outright failed in recent years, the blame has been the same: “We can’t compete with China;” “They manufacture panels far cheaper than us;” “They dump their cheap products in our country;” and “China understands the future of renewables and we need to catch up.”

That excuse soon won’t fool people any more, according to a London Telegraph article from Wednesday.

“China’s big five firms are all reporting disastrous trading and heavily indebted balance sheets,” the newspaper reported. “At the end of the first quarter, JA Solar listed debt and liabilities of $1.5 billion, Trina Solar had debts of $1.08 billion, and Yingli had debts of $3.44 billion.” 

In addition another highly regarded company, Suntech, faces potentially huge payouts related to possible fraud and has $3.58 million in debt. The fifth company, LDK, is being kept afloat by the Chinese government …

Unions Are Major Recipients of Obama Health Care Waivers

Doctors in conferenceWhen President Obama in March 2010 signed the Patient Protection and Affordable Care Act (P.L. 111-148), the nation’s most expensive social legislation in decades, he announced, “The bill I’m signing will set in motion reforms that generations of Americans have fought for and marched for and hungered to see.” Yet what the law seems to have set in motion is a rush to obtain exemptions from group coverage requirements. New data show nearly 1,400 insurers, employers, unions and other organizations thus far have received waivers from the Department of Health and Human Services (HHS) from a requirement that forces group health plans to offer at least $750,000 in payouts per enrollee this year, a figure set to rise even higher until its phase-out in 2014. The situation is emerging as a lesson in how government, once enlarged, becomes a favor factory. And unions are receiving lots of favors.

A …