Month September 2011

Obama $8 billion solar Betamax unwinds

Betamax was superior to VHS. But VHS won in the marketplace. Bloomberg says the same is happening with Concentrated Solar Power vs. photovoltaic panels. Concentrated Solar Power (CSP) is looking more and more like a dead-end, as the Chinese back…

Kinde Durkee and the depleted Democratic campaign funds

Kinde Durkee, treasurer for well over one hundred Democratic politicians in California, was recently arrested on federal charges for misappropriating funds from state assembly member Jose Solorio. Other Democratic politicians, who were her clients, quickly checked their bank accounts and…

Sovereign defaults are coming

“Orderly default” in Greece? Good luck. It’s not if Greece defaults but when. S&P just downgraded Italy None of the fundamental economic problems in Italy or Europe or anywhere else have been addressed ”¦ let alone fixed. So the problem will…