Solar energy company Solyndra LLC was visited by President Obama during a recent trip in May to California. Obama praised the solar industry while he spent everyone else’s carbon credits for his trip.
Today, at 5 am it gathered night shift employees for an emergency meeting and had them shut down all equipment. The employees were told Solyndra was out of money and was going to file for Chapter 11 bankruptcy.
The taxpayers (that means you and I) recently spent $500 million to guarantee a loan for Solyndra. This is in addition to the $1 billion in private investments.
So $1.5 billion later Solyndra is shutting down operations and locking its employees out of its Fremont, California plant. This will also hurt Fremont’s financial situation as there are a lot of local businesses that depend on Solyndra employees.
This information was first released by a caller on Whistleblower Wednesday on the Brian Sussman Show on August 31, 2011. You can hear Brian on KSFO in San Francisco.
Coming soon to America?
If the unemployment picture does not improve immediately, we may see this happening in the United States.
There are hundreds of thousands and maybe millions of people who are going to be losing unemployment benefits.
The 99-week maximum of unemployment and extensions is gone. Read more »
Yes, yesterday was the “Good Ol’ Days.” Even more surprising, I am talking about technology packaged in a new and frightening package – even worse than the REDRUM in that ski lodge with Jack Nicholson in The Shining.
Let me regress to three years ago. Yes, I said yesterday was the good ol’ days and it still is, but I need to fill you in on some past history so you can understand the recent history and then the future. Read more »
In an address that is supposed to be about our country, President Obama mentions himself 132 times and the taxpayer twice!
When it came to ratings, Air America did not attract hardly anyone. Many checks from people such as George Soros and other Marxists were poured into keeping Air America alive.
Finally, Air America filed for bankruptcy and started over leaving many some investors shy about investing more money. You see, even liberal people who invest money want to get their money back and make a profit. Read more »
The Fairness Doctrine was overturned years ago to give radio and TV stations the capability to let the market control their programming. For the most part, radio stations did extremely well.
There were a lot of people out there that liked Country Western music and they drove advertisers to invest in the popular stations. Needless to say, the advertisers made a lot of money selling their advertised products. Read more »
I have been the director of IT for high-tech companies in the Silicon Valley. In my many years of experience, I have heard just about every excuse for people’s poor performance blamed on computers. Read more »
The Copenhagen Global Warming summit should have been held in Amsterdam. Amsterdam was warmer and the attendees could have smoked their pot, hash and whatever else they were smoking legally. Yes, it seems like they were partaking of some type of mind-altering substance with all of the goings-on. Read more »
With the United States in such an economic decline and with unemployment percentages that have not been seen (in California, at least) since the Great Depression, President Obama has promised $150 million to create jobs in Muslim nations. Read more »
A group called Chicagoans for Rio are hoping Brazil gets the 2012 Olympics. As Chicago is already overwhelmed by debt and a lack of funds to meet it, they do not wish to see the city pushed back toward the dark ages. Read more »