Your New Scoop Site
Welcome to Scoop!
To help you figure things out, there is a Scoop Admin Guide which can hopefully answer most of your questions.
For support, questions, and general help with Scoop, email email@example.com
ScoopHost.com is currently running Scoop version Undeterminable from .
Tag: Azure Dynamics
By JGillman, Section News
Its whats for dinner.
Continually feeding us the economic benefit angle of government intervention in free markets, leaders love to pad the wallets of their best buds in industry. To do so requires a "cause" however,as simply jacking the public treasury for personal gain is abhorrent to those on BOTH sides of the political divide. Climate change has become one of the easiest causes to gather around, because the science is so ambiguous, its been simply easier for governments to act and perhaps err on the side of caution.
So we promote and enhance business models that are designed to combat climate change with other peoples' money. Also included in these 'causes' is the argument that "new jobs are created" with the development of such technology. Such was the case with A123 Systems:
"In 2009, A123 received millions in federal and state funds, for the creation of jobs for Michiganders. Taxpayers unwillingly, or unwittingly saw their paychecks shrink for promises never realized, and now they may have ultimately subsidized a technology transfer to a competing world power."Which in fact is now happening.
But the cherry in the pie is something even more disturbing. Adding insult to injury, the failure to produce promised results for taxpayer paid incentives and gratuity is now lining the pockets of the failed executives who apparently understand private public partnerships better than the rest of us.
Its a place where only the taxpayer loses:
"The top executives who presided over its failure - and supported the president's cap-and-tax initiatives early in his term - are likely to receive millions of dollars in bonuses, thanks to their scheming earlier this year and a bankruptcy court judge."But wait.. there's more.
Below the fold.
(1 comment, 619 words in story) Full Story
External FeedsMetro/State News RSS from The Detroit News
+ Volunteers distribute flags on graves of war vets in Royal Oak
+ Volunteers, lawn mowers hit Detroit parks for marathon cleanup
+ Man accused of killing his Novi family in 2008 to be arraigned Sunday
+ Davidson family members in legal battle over foundation
+ Thousands experience Movement at Hart Plaza
+ Hope College student killed by bus in Western Michigan
+ Detroit's creditors could target Detroit Institute of Arts collection
+ Laura Berman: Entrepreneur's urban tree farm is taking root
+ Amtrack train strikes semi-truck in Ann Arbor, no injuries reported
+ Fraudster Ed May, blind, seeks release from prison
+ Service planned after Canton Township man dies day after wedding
+ Detroit council OKs Bing's budget with deeper cuts
+ Detroit union leaders threaten shutdown of 36th District Court amid talk of layoffs
+ Frost possible in Metro Detroit as cold front brings in low temperatures
+ Thousands of bridges at risk of freak collapse
Politics RSS from The Detroit News
+ Fed furlough day after cuts hampers IRS, HUD services
+ MSU law professor plans AG bid
+ Obama: Nation must do more for fallen heroes
+ Rogers criticizes Justice Department's seizure of AP phone records
+ Obama: Sexual assault threatens trust in military
+ Michigan Congress Dems support Schauer for governor
+ Bill to shorten foreclosure redemption period advances
+ Larry Royster promoted to be clerk of the Michigan Supreme Court
+ Michigan Elections Director appointed to federal election commission
+ Bill would let Michigan install red-light cameras
+ Some unions now angry about health care overhaul
+ New IRS chief cleans house in wake of tea party controversy
+ Obama defends drone use, renews push to shut Gitmo
+ Nonprofit: Michigan understated risks of pet coke piles on Detroit River
+ Obama defends drone strikes but says no cure-all
Wednesday May 22nd
Tuesday May 21st
Monday May 20th
Sunday May 19th
Saturday May 18th
Friday May 17th