When conservative talk radio personality Dennis Prager launched an
educational video project in 2009 that was named for him, he probably couldn’t have imagined that the widely utilized delivery platform he employed – YouTube – would be the biggest hindrance to reaching his audience.
But in 2016 we are in a hotly contested election year, and the parent company of the popular and diverse service is deeply embedded in the Clinton campaign. That may or may not be why some of the increasingly popular videos produced by Prager University have been restricted by the subsidiary of unabashedly liberal-leaning Google. But if it isn’t, the obstruction is at minimum a byproduct of the intolerant Left’s incessant wailing against anything that touches race relations, gender, homosexuality, abortion, religious absolutes, or Islam.
Elon Musk’s quarterly earnings reports for Tesla Motors always offer a little razzle, a little dazzle, soon-to-be-unfulfilled promises, and rationalized failures.
This go-round was no exception, and after yet another shortfall of financial and vehicle delivery expectations, perhaps the biggest surprise was the revelation that $1.3 billion in subsidies from Nevada taxpayers won’t be enough to get the hyped Gigafactory completed.
Nothing of greater significance can be said about the Department of Energy’s Advanced Technology Vehicles Manufacturing loan program other than it was a wasteful failure. Nonetheless 85 U.S. Senators have determined that an additional, similar $1.6 billion program must be created, as part of a larger energy bill that passed last month.
Those who favored the extension of corporate welfare for alternative energy-fueled automobiles justified their decision with the same phony claims they made ten years ago when the ATVM program was established.
“Our measure will help manufacturers and suppliers research and develop innovative technologies to make the next generation of fuel-efficient vehicles, spurring job growth and reducing our dependence on foreign oil,” said Democrat Sen. Debbie Stabenow of Michigan.
As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers.
The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday, which spurred a number of similar follow-up stories in other media, and temporarily caused Tesla’s stock to dip. Long-time followers of the company know that is only a temporary condition, however.
A move by lawmakers in the state of North Carolina, which overturned a Charlotte ordinance that allowed individuals who claimed to be transgendered to use public rest rooms and shower facilities of their choosing, has drawn criticism from dozens of major corporations.
The City Council in February ordered that all public buildings, including schools, must permit persons to legally access rest rooms matching their gender “identity,” regardless of their biological sex. Even more tyrannical, the government decreed that all private businesses must make the same accommodations. As a result, the North Carolina General Assembly called a special session to pre-empt the April 1 implementation of the Charlotte ordinance, while at the same time allowing for businesses and local agencies to determine their own policies free and independent from the diktat.
Wall Street, media and government darling Tesla Motors has seen its stock price nearly halved from seven months ago. For so long it has seemed that ongoing bad news never had an effect on the heavily subsidized upstart, but now perhaps the Teflon is eroding off CEO Elon Musk.
The precipitous, rapid descent preceded last week’s horrid earnings report. USA Today helped smear lipstick on the pig, cheerily noting shares rose “14 percent at one point” after its earnings “miss” on Wednesday, because Musk delivered investors a "rosy outlook for the rest of 2016." This was in context of what the newspaper characterized as a “whopping loss” that “badly missed estimates.”
That's the history of earnings reports with Tesla and Musk. The CEO with perpetually sanguine expectations never fails to deliver promising forecasts following dismal earnings reports, despite promises that are often not delivered.
The influx of giant technology companies into North Carolina to build artificially “green and clean” data centers, which they say are powered by their nearby solar farms, has led to a revelation that discredits their claims.
The stunning admission: that electricity derived from solar sources is thoroughly unreliable.
The information was unearthed in a report last week by Carolina Journal, a publication of the conservative John Locke Foundation. In a filing with the state’s Utilities Commission, a solar company affiliated with Google reported that the trustworthiness of the energy produced by its proposed facility would be non-existent.
“Solar is an intermittent energy source, and therefore, the maximum dependable capacity is 0 MW,” wrote Rutherford Farm LLC, a subsidiary of Strata Solar, in its May 2013 application to the North Carolina utility regulatory agency.
A foreign renewable energy company, that U.S. taxpayers hold a major stake in via the Department of Energy Loan Program Office, is imperiled by massive debt and has begun the process of negotiating with its creditors as a prelude to possible bankruptcy.
The company is Abengoa, based in Spain, which reportedly holds 887 subsidiaries around the world. Reuters reported at the end of last month that investors declined to provide needed capital for the firm, which led to what is called, under Spanish law, “pre-insolvency proceedings.” That entails a four-month attempt to alleviate debt burdens. If that falls short, then formal bankruptcy proceedings would likely follow, which would be Spain’s largest in history. Effects would ripple globally.