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Archive for the ‘business’ Category

Yet Another Obama-Backed Solar Panel Company Circles The Drain

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Stop me if you’ve heard this one before…

A solar panel manufacturer is publicly touted by President Obama, who promises that hundreds of new jobs will be created. The company receives a $400 million federal loan guarantee, then starts laying off employees.

No, it’s not Solyndra. This time, it’s Colorado-based Abound Solar:

Longmont-based Abound Solar, recipient of a $400 million federal loan guarantee to expand solar panel production, said Tuesday it is laying off 280 workers and delaying a new factory in Indiana.

The layoffs represent 180 full-time workers and, according to the Longmont Times-Call, an additional 100 part-time employees. That is about a 70 percent reduction of Abound’s Colorado workforce.

It wasn’t that long ago that President Obama was bragging about Abound:

In his weekly radio address to the nation Saturday, Obama said Abound “will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs.”

 

 

 

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Written by breckfield

March 2, 2012 at 8:51 am

Democrats Push For “Reasonable Profits Board”

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In case you missed it, Democrats in Congress are taking steps to have The Government regulate the profit that a company can make. The Hill reports:

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a “Reasonable Profits Board” to control gas profits.

The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit.

First they came for the health care providers, and you said nothing.

Then they came for the oil companies…

How long will it take before Democrats are regulating the profits of your company?

Written by breckfield

February 16, 2012 at 8:25 am

Posted in business, politics

The Facebook-Politico Deal: Your Privacy For Sale

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Q: When is a private message not a private message?

A: Whenever Facebook can make a buck from it.

As Liz Gannes reports, Facebook has made a deal to provide Politico with a feed of private messages:

Most notably, the Facebook-Politico data set will include Facebook users’ private status messages and comments. While that may alarm some people, Facebook and Politico say the entire process is automated and no Facebook employees read the posts.

What could possibly go wrong?

 

Written by breckfield

January 17, 2012 at 9:48 pm

Posted in business, politics

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Listening to Twitter

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In an article entitled “You Don’t Have To Tweet To Twitter“, venture capitalist Bill Gurley makes the case that Twitter’s unappreciated value is as a tool for listeners, not broadcasters:

The second, and more critical, Twitter misperception is that you need to tweet, to have something to say and broadcast, for the service to be meaningful to you. For many non-Twitter users, Twitter is an intimidating proposition. “Why would I tweet?,” and “…but I don’t want to tweet” are two common refrains from the non-adopter that highlight this key misperception. But this completely misses the point as to why Twitter has become such an amazingly powerful Internet destination for 100 million others. For the vast majority of Twitter’s next 900 million users, the core usage modality will have very little to do with “tweeting,” and everything to do with “listening” or “hearing.”

I agree, more or less. I think Twitter was initially promoted as a means to feed your own ego by broadcasting utterly useless data about yourself to people who really don’t care what you had for breakfast (“Belgian waffles—MMMMM!!!!!”). And if they really do care what you had for breakfast, perhaps you should consider getting a restraining order.

I rarely tweet, but I “listen” to Twitter every day. From up-to-the-minute local traffic information to the latest MLB trade rumors; news, sports, work, hobbies. Of course, the signal-to-noise ratio can vary widely, depending on the topic. But subscriptions, search terms, and hashtags can help filter through the crowd noise. And it’s occasionally entertaining to follow the live #yankees or #tarheels tweets while watching a ballgame.

So tweet if you must. But also take the time to listen to what is being said.

Written by breckfield

November 19, 2011 at 10:21 am

Report shows Bobcats might be better off not playing games

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New numbers show the Charlotte Bobcats and four other NBA teams might actually be financially better off by not playing games this season.

Forbes.com reported that during the 2009-10 season, the Bobcats were among the teams who lost money.

If the team plays, it would actually cost them more under the current agreement than not having any games.

On Wednesday, league players rejected a 50-50 split agreement offered by the commissioner.

via Report shows Bobcats might be better off not playing games – News Story – WSOC Charlotte.

Written by breckfield

November 10, 2011 at 8:59 am

Posted in business, sports

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The Bank of Obama

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The Washington Post reports on the huge sums of cash that President Obama has been raking in from Wall Street firms:

Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined.

But that could be a problem for a politician and party that has been relying heavily on class warfare and anti-capitalism sentiment:

Obama’s ties to Wall Street donors could complicate Democratic plans to paint Republicans as puppets of the financial industry, particularly in light of the Occupy Wall Street protests that have gone global over the past week.

Most “occupy” protesters don’t care. After all, they’re not really protesting against Wall Street firms, they’re simply protesting against the Republican party.

But some independent, informed Americans will take note of the hypocrisy. And they will act accordingly.

Written by breckfield

October 20, 2011 at 7:45 am

Posted in business, politics

Why Big Government Is No Way To Create Jobs

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John Stossel explains why the free market is better at determining value—and creating jobs—than the government:

We need infrastructure, but the beauty of leaving most of these things to the private sector — without subsidies, bailouts and other privileges — is that they would have to be justified by the profit-and-loss test.

In a truly free market, when private companies make bad choices, investors lose their own money. This tends to make them careful.

By contrast, when government loses money, it just spends more and raises your taxes, or borrows more, or inflates. Building giant government projects is no way to create jobs.

When government spends on infrastructure, it takes money away from projects that consumers might think are more important.

Read the whole article.

Written by breckfield

October 15, 2011 at 1:36 pm

Posted in business, politics

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