Daily Digest

Daily Digest 9/8 - QE3 Looking Less Likely, The Challenge Of Creating Good Jobs, 2 More Solar Companies Get U.S. Backing

Thursday, September 8, 2011, 9:44 AM
  • Officials tell us to chill out this winter with a barbecue
  • Chart of the Day: one less safe haven for investors
  • The Fed's Twisted Plan
  • QE3 Looking Increasingly Less Likely
  • Markets Lifted by Signs of Progress on European Debt
  • The Challenge Of Creating Good Jobs
  • 2 More Solar Companies Get U.S. Loan Backing
  • Report Outlines Rewards and Risks of Upstate Natural Gas Drilling
  • Bad News Is Now Official for Scorched Texas Town

Learn how to protect your wealth against the Three E forces using our 'What Should I Do?' guide

Economy

Officials tell us to chill out this winter with a barbecue (VeganD)

A government department reviewed the situation that arose in the past two winters and concluded that every home in the State should have "some barbecue trays" on hand in case they're snowed in.


In conjures up an image of shivering families hunched over a smoking fire in their gardens, cooking sausages while surrounded by blankets, snow and ice.

Chart of the Day: one less safe haven for investors (ScubaRoo)

There is now speculation that the Swiss decision could prompt further inflows into the Japanese yen which could in turn lead to similar action by the Japanese authorities. ‘Japan ... will probably bring up the strong yen as a topic at the G7 meeting this weekend,’ Koichi Haji, chief economist at the NLI research institute in Tokyo told Reuters. ‘It will try to seek understanding from G7 counterparts to intervene unilaterally’.

The Fed's Twisted Plan (Ilene)

Theoretically, driving down longer-term interest rates should help boost the housing market and consumer spending. However, this is another top down approach, and many doubt it would significantly effect the economy. As John Silvia, chief economist at Wells Fargo, noted, “The problem is that rates have been low for three years now and that isn’t spurring people to buy. Companies won’t hire unless demand is there. The Fed can lower the cost of credit, but it can’t force companies to create jobs.”

QE3 Looking Increasingly Less Likely (ScubaRoo)

The last two texts released by the Fed shed light into which way Bernanke may be leaning: Bernanke’s Jackson Hole speech, as well as the Fed minutes from the August 9th meeting.

When considering the August 9th minutes, context from the prevailing situation is very useful to keep in mind. The US debt rating had just been downgraded by S&P, causing a 7% selloff in the major equity indices the day before. Markets were falling apart, and the fall of 2008 seemed to be back in full swing. August’s Fed meeting happened to be scheduled for the day after the huge stock market rout, and investors had high hopes that Bernanke would come to the rescue, pumping another enormous amount of liquidity into the system or a similarly drastic action.

Markets Lifted by Signs of Progress on European Debt (jdargis)

Analysts said investors were encouraged by a ruling by the German Constitutional Court that rejected challenges that try to block German participation in bailouts for other countries in the euro area. Still, the court said future financial rescues would need the approval of Parliament’s budget committee.

The Challenge Of Creating Good Jobs (jdargis)

By good jobs, the authors mean jobs that pay enough to support a family and provide decent, safe conditions. The authors voice concern that many middle-class jobs have disappeared or deteriorated into low-wage ones that cause families to fall below the poverty line.

Energy

2 More Solar Companies Get U.S. Loan Backing (jdargis)

The company casts the wafers from molten silicon, cutting costs in half. The conventional method is to slice the wafers from a big block, turning half the silicon into dust. While Solyndra, the company that filed for bankruptcy, tried to sell a markedly different product, 1366 offers a commodity product made in a different way with lower production costs.

Report Outlines Rewards and Risks of Upstate Natural Gas Drilling (jdargis)

The report was contracted to Ecology and Environment, a New York environmental engineering consulting firm that counts among its clients both the state government and private oil and gas companies. The report now becomes part of the broader draft document by which New York environmental regulators identify risks and propose rules to allow hydraulic fracturing with horizontal drilling, for the first time in the state.

Environment

Bad News Is Now Official for Scorched Texas Town (jdargis)

The scale of the disaster that has devastated this Central Texas town of 7,200 can be measured in absence. Texas Kiln Products, a lumber mill at the edge of Bastrop State Park, is gone, and so are 116 Nugget Lane and 256 Kelley Road and 112 Timberline Lane and 259 Cattlemens Drive and 101 North Mockingbird Lane. “It’s all surreal,” said Deborah Shelton, 63, whose husband and brother-in-law owned Texas Kiln Products, which specialized in native Texas woods. “Everybody’s saying that and it’s true. I feel like I’m watching this on a television show or a movie, because I haven’t actually touched the ground where the ashes are.”

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

16 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Fed Policy Makers Lay Groundwork for Further Action

 

 

  • Just headlines:

Fed’s Evans Calls for Stimulus to Cut Unemployment to 7.5%

Japan machinery orders slump, cast doubt on recovery

India’s Food Inflation Stays Above 9% for a Fifth Straight Week

China reiterates vows to diversify fx reserves

World faces rising price pressures -China trade min

German deputy EconMin-Greece falling short on reforms

IMF cuts Irish outlook, urges more asset sales

Largest paper manufacturer in North America filing for bankruptcy

Bank of America to close 600 branches

Report: 2,300 layoffs set at Illinois companies

Working-age adults make up record share of US poor

ECB keeps interest rates on hold amid uncertainty

Official: No aid for Greece if targets missed

Slovak leader: EU bailout fund 'road to hell'

Portugal says third of hospitals insolvent, vows bigger cost cuts

U.K. Should Lose Top AAA Rating as Growth Ebbs, Danske Bank Says

Kansas pension gap will more than double

OECD Slashes Growth Forecasts, Says Rate Cuts May Be Needed

Md., Va. retiree systems seen as unsustainable

Solving pensions like 'falling up a cliff,' Costa Mesa council hears (California)

Euro Declines as ECB’s Trichet Says ‘Downside Risks’ to Economy Worsened

Fed Policy Makers Lay Groundwork for Further Action to Foster U.S. Rebound

World Food Prices to Remain Elevated After Drop in August on Cooking Oils

Asian Central Banks Hold Interest Rates Amid Threat of Slowdown in Exports

Fitch warns of downgrades for China, Japan (Try this one if the link doesn't work)

R.I. Pension Problems Put Economy at Risk

Greek Credit Swaps Surge to Record, Signal 91% Chance Nation Will Default

ECB cuts growth forecasts

.........Take a listen to Rick Santelli on Social Security (posted at zerohedge)

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4066
National debt passes $14.7 trillion

 

The Daily History of the Debt Results

Historical returns from 09/01/2011 through 09/07/2011

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

 

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/01/2011 10,058,384,678,037.32 4,639,030,111,526.08 14,697,414,789,563.40
09/02/2011 10,058,566,898,840.47 4,636,295,467,320.50 14,694,862,366,160.97
09/06/2011 10,058,276,781,058.26 4,640,348,769,249.11 14,698,625,550,307.37
09/07/2011 10,073,860,042,745.87 4,643,896,972,299.96 14,717,757,015,045.83

 

"The estimated population of the United States is 311,269,533"
so each citizen's share of this debt is $47,245.39.

 

rjs's picture
rjs
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Posts: 445
Year-to-date Ethanol Exports

Year-to-date Ethanol Exports in 2011 are Already More than the Combined Total of 2009 and 2010 Exports - From Renewable Fuels Association: "Unprecedented U.S. ethanol exports continue to be driven by the fact that corn ethanol is currently the lowest-cost motor fuel source in the world."
 

  • Top destinations: Canada, Brazil, and European Union.
  • Through July 2011, we've exported roughly 7.5% of our total ethanol output.
  • Year-to-date DDGS exports total 4.43 million metric tons, meaning the U.S. is on pace to export roughly 7.6 million metric tons in 2011.

Also, today, RFA has sponsored a Politico Ad lobbying Obama on job creation coming from the ethanol program.

MarkM's picture
MarkM
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Posts: 837
rjs wrote: Year-to-date
rjs wrote:

Year-to-date Ethanol Exports in 2011 are Already More than the Combined Total of 2009 and 2010 Exports - From Renewable Fuels Association: "Unprecedented U.S. ethanol exports continue to be driven by the fact that corn ethanol is currently the lowest-cost motor fuel source in the world."
 

Only because of taxpayer supported governmental market skewing.

Questionable ERoEI.

...and

I hope it screws with their small equipment engines as much as it does mine.

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
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Posts: 3998
number of new cancer cases has increased by 20% in under a decad

There are more than 80,000 chemicals in commercial use in the United States, and we do not know the composition and potential harmfulness of about 20,000 of them—their composition falls under the category of "trade secrets" and is legally withheld.  According to an editorial in Scientific American, "Of the more than 80,000 chemicals in use in the U.S., only five have been either restricted or banned. Not 5 percent, five. The EPA has been able to force health and safety testing for only around 200.  At the end of March 2010, the U.S. Environmental Protection Agency finally listed BPA as a "chemical of concern," meaning that the agency will commence studying it. [p. 5, WHAT EVERY ENVIRONMENTALIST NEEDS TO KNOW ABOUT CAPITALISM ]

http://www.bbc.co.uk/news/health-14819396

Warning over global cancer levels

Rise in number of cancer cases reported

The number of new cancer cases has increased by 20% in under a decade and now stands at 12 million a year, according to the World Cancer Research Fund.

It warns that nearly a quarter of those cases are "preventable".

The figures have been released ahead of a United Nations meeting on diseases including cancer.

The WCRF said there was a "once in a generation" opportunity to reverse the trend.

It calculated that 2.8m new cancers each year are linked to diet, exercise and obesity.

The figure is expected to rise "dramatically" over the next decade, the organisation warned.

Professor Martin Wiseman, medical and scientific adviser for WCRF, told the BBC: "The truth is the number of cases around the world is going up partly because we are an ageing population, but also because of changes in lifestyle.

"As countries become more urbanised, they become more prone to the Western diseases that we are used to seeing. Not just cancers - coronary heart disease, diabetes, obesity and lung diseases."

He said: "Many people are still unaware that risk factors such as alcohol and obesity affect cancer risk, while from television advertising to the pricing of food, our society works in a way that discourages people from adopting healthy habits."

Later this month, the UN is holding a summit on non-infectious diseases such as cancer, heart disease and diabetes.

Professor Wiseman said the summit: "offers the chance to look at public health issues at the international level."

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
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Posts: 1429
Obama Jobs Speech

Obama Jobs Speech...has all this been done before, and it did nothing but build shoddy roads.   GE has more employees outside the US than inside the US, a reversal since year 2000.   How many American jobs has GE created in the last 3 years?  Immelt is some Jobs Czar!

Obama complained about added fees on credit cards.  All fine and good except for the fact that Chris/Dodd is directly responsible for these fees.   Then also, why are "added fees" not a problem for Medicare and Medicaid?  Oh, that's right, someone else pays that bill so no big deal.

If the market reacts postively to the jobs speech, our nation has surely gone delusional.

 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1429
Damnthematrix wrote:
Damnthematrix wrote:

There are more than 80,000 chemicals in commercial use in the United States, and we do not know the composition and potential harmfulness of about 20,000 of them—their composition falls under the category of "trade secrets" and is legally withheld.  According to an editorial in Scientific American, "Of the more than 80,000 chemicals in use in the U.S., only five have been either restricted or banned. Not 5 percent, five. The EPA has been able to force health and safety testing for only around 200.  At the end of March 2010, the U.S. Environmental Protection Agency finally listed BPA as a "chemical of concern," meaning that the agency will commence studying it. [p. 5, WHAT EVERY ENVIRONMENTALIST NEEDS TO KNOW ABOUT CAPITALISM ]

http://www.bbc.co.uk/news/health-14819396

Warning over global cancer levels

Rise in number of cancer cases reported

The number of new cancer cases has increased by 20% in under a decade and now stands at 12 million a year, according to the World Cancer Research Fund.

It warns that nearly a quarter of those cases are "preventable".

The figures have been released ahead of a United Nations meeting on diseases including cancer.

The WCRF said there was a "once in a generation" opportunity to reverse the trend.

It calculated that 2.8m new cancers each year are linked to diet, exercise and obesity.

The figure is expected to rise "dramatically" over the next decade, the organisation warned.

Professor Martin Wiseman, medical and scientific adviser for WCRF, told the BBC: "The truth is the number of cases around the world is going up partly because we are an ageing population, but also because of changes in lifestyle.

"As countries become more urbanised, they become more prone to the Western diseases that we are used to seeing. Not just cancers - coronary heart disease, diabetes, obesity and lung diseases."

He said: "Many people are still unaware that risk factors such as alcohol and obesity affect cancer risk, while from television advertising to the pricing of food, our society works in a way that discourages people from adopting healthy habits."

Later this month, the UN is holding a summit on non-infectious diseases such as cancer, heart disease and diabetes.

Professor Wiseman said the summit: "offers the chance to look at public health issues at the international level."

 

Obesity and non-activity is The Cancer.   Forget about scaring with the chemicals.  Processed foods are the smoking gun.

ao's picture
ao
Status: Diamond Member (Offline)
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Posts: 2220
MarkM wrote: rjs

[quote=MarkM]

[quote=rjs]

Year-to-date Ethanol Exports in 2011 are Already More than the Combined Total of 2009 and 2010 Exports - From Renewable Fuels Association: "Unprecedented U.S. ethanol exports continue to be driven by the fact that corn ethanol is currently the lowest-cost motor fuel source in the world."
 

[/quote]

Only because of taxpayer supported governmental market skewing.

Questionable ERoEI.

...and

I hope it screws with their small equipment engines as much as it does mine.

[/quote]

LOL.  I concur.  The funny thing is when you're out in corn country and talk to some folks there about ethanol in fuel, they crow its praises like it's the superman of fuels.  Amazing how self-delusional people can be when their self-interests are tied to that delusion.

Poet's picture
Poet
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Posts: 1891
BREAKING: Massive Power Outage

MASSIVE power outage reported across parts of southern Arizona, Southern California areas of south Orange County, Imperial County, San Diego County, even down to Baja California in Mexico. Over a million, possibly more affected. Started around 4:00pm or so.

Massive Power Outage Hits County (September 8, 2011)
"At a late afternoon news conference, a spokesman said that the outage started with a problem on a transmission line in Arizona. That caused a sequence of events that shut down both generators at San Onofre Nuclear Power Station .  The other two  main power supplies to the region, a transmission line from the north and another from the east, were also down, the spokesman said. SDG&E officials said they did not know why the power went down, but there was no indication of terrorism."
http://www.ktla.com/news/landing/kswb-massive-power-outage-hits-county-2...

My wife drove to school after fighting a lot of rush hour traffic - all the signal lights are out - found people were leaving as the buildings were all without power. She's fighting her way back through traffic again or may just end up at a friend's house for a while.

Poet

derekrawson's picture
derekrawson
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Joined: Feb 9 2010
Posts: 22
Battery Storage Could Get a Huge Boost from Seaweed

 Here's a technology story that may be more agreeable to the berry picker advocates.

http://www.zeitnews.org/energy/battery-storage-could-get-a-huge-boost-fr...

Honestly guys, I'm just wanting to share news relevant to the 3Es - you're reading way too much between the lines.

Mirv's picture
Mirv
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Joined: Sep 30 2008
Posts: 105
education is required

Thanks for your comment KugsCheese.

You implicitly point out that reality is complicated and that our understanding of hazardous behavior needs perspective.  I likely will be condemned yet again by others for making this point, but it is absolutely true that one really has to spend thousands of hours learning science and then dialectically challenging everything that self-promoters publish in order to really understand many of the statements.  This takes time and committment.  We are swimming in an ocean of miss-information  Even university researchers often get carried away and publish nonsense.  That is why we require opposite opinions, multiple redundant and competing workers in the same subject but with different angles, and much informed debate for each simple conclusion.  Only AFTER many contradictory or challenging studies are made, do we finally get a consensus (most likely from trained scientists) and then and only then get TRUTH about something.  Most of the crap in the popular literature is logically sounding nonsense.

In this example the reader should realize that our bodies contain millions of identifiable chemicals, and nature has millions of so-far identified chemicals (many more to go). Many of these chemicals could be classed as "dangerous" (i.e.  when in high  enough concentration) and most people cannot prioritize the most important factors that harm us.  The earlier generation of self reliant farmers knew that the green coloration in skin of potatoes exposed to the sun was a dangerous chemical and had to be removed  before eating.  One of the most dangerous chemicals (aflatoxin) is made very naturally when peanuts are not kept dried upon harvest.  People need to worry about what flowers their goats eat if they use goat milk for pregnant women because of birth defects, the FDA finally regulated natural root beer (sassafras  tea) that we used to make wonderful root beer (when I was a kid) naturally from a wonderful and delicious natural root because of birth defects/other hazards from a "natural" chemical found there.  Cotton oil (natural oil in raw cotton) has natual gossypol which causes death from heart problems (that is why we do not eat or feed our animals cotton seed!)  This natural chemical in a common crop is so pervasive one could easily start an environmental scare of infertility based on the fact that this causes male infertility (chinese used to feed  this for the effect). At one time the most toxic substance in the world was probably ricin from uncooked castor bean (al kaida apparently is trying to work with this one according to my recent  newspaper).  If you want to scare yourself, the list goes on and on.  I always wondered why peanuts are not gardened more often.   I recently learned that every truckload of marketable peanuts in the US is tested for the natural (but extremely toxic) aflatoxin, to prevent chemical damage to people who eat peanuts (this is why I dont eat peanuts imported from china, particularly if a rotton peanut is included in a bunch).  The number of extremely toxic and mutagenic chemicals in cigarette smoke, and in the smoke from my neighbor's outdoor fire that wafts onto my land (then into my lungs and distributed to each of my cells, to cause lung problems, cancer etc), and from the haze in winter from my neighbors' natural wood fireplaces to save money is truly amazing and really bothers me a lot and more dangerous (i think, help me with this one) than the subject of many scare stories in the popular media).  However I can not even bring up this topic with my neighbor because of his belief that natural wood burning is friendly, warm, delicious and romantic.  I dont eat red meat for related reasons and only piss off people who have romantic feelings about (especially grass fed) beef eating when I explain why I want to live longer by avoiding their natural romantic habit.  I learned to keep my mouth shut and let them think I am a religious zealot vegetarian, because they seem to understand that somehow.  I studied the biochemistry of lipid, and low lysine crops, and different sugars, and have interesting stories to explain why certain foods do certain things and why different sugars and fats are found in different animals and plants.  So far in the last 25 years after getting a PhD in Nutrition and Biochemistry, I have yet to see any of  these (easy to explain) reasons enumerated in the popular literature,even  though such would be fascinating reading and would help people understand WHY they should not rely on certain foods so much, to live longer.

The chemicals made in factories are, in contrast, easily  tested and much more is known about their safety because they are more immediatly subject to regulation and also more easy (available in pure form) to study (which is more tempting for scientists in need of publications).  I am NOT defending our mad chemical interventionist economy and I am upset  that out economy dangerously overuses antibiotics in farming and chemicals for other things.  I myself am following principles of this web site by building a large garden on a small island where I am avoiding chemicals (including synthetic  fertilizers) and using my hands and crop rotation (and proper cultivation) while avoiding chemicals and the use of specialized hybrids. 

I normally dont vent like this because (like most scientists I know) I have given up trying to reason with others (ie non  scientists) who feel that spending a few minutes or hours or even days learning a little bit about reality from a tintillating article or set of articles  makes them an expert and readily condemn any opinion I have without particularly good, arguments and often without enough scientific background to objectively look at both (or multiple sides) of an issue.  My own knowledge  is small and very tiny compared to reality and I NEED to converse with someone  who can give me an education (and not just their romantic notions about chemicals or farm animals).  Your rare comment about being real with prioritizing dangers indicates to me that at least one person on this website might share my view of how we need to objectively use science, intelletual humility (and the dialectic!!!) to successfully go about re-ordering out lives in this drastically changing world.  I am looking for someone with whom I can share ideas for developing a new life style isolated from the use of petroleum (anyone interested in developing a homestead  in a small island community in a developed  country?) and how to avoid all the stupid little chemical helpers that large companies develop to extract our money in return for arguably minor savings in labor.

 

Arthur Robey's picture
Arthur Robey
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Posts: 3936
The parlous state of American food.

Those who are interested in bad food and cancer might want to watch this video.

It seems to me that capitalism is a dud.

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Here Comes The Non-Boring Weekend

Here Comes The Non-Boring Weekend: G7 Says "Central Banks Ready To Provide Liquidity As Required"

http://www.zerohedge.com/news/g7-issues-communique-tackling-slowdown-supporting-banks-says-central-banks-ready-

The G-7 is in full panic mode. The organization for the prevention of harm to the Status Quo was expected to release a communique possibly over the weekend, but the speed with which one was dropped for mass circulation is stunning and confirms that its members are in full meltdown as the weekend comes. It is now certain that the G-7 will attempt some major intervention over the next 48 hours to inject a last dose of hope into capital markets, or else the Monday open will be an epic collapse.

G-7 Statement on Tackling Slowdown, Supporting Banks

“We met at a time of new challenges to global economic recovery, with significant challenges to growth, fiscal deficits and sovereign debt, stemming from past accumulated imbalances.

This is reflected in heightened tensions in financial markets.

There are now clear signs of a slowdown in global growth. We are committed to a strong and coordinated international response to these challenges.

 

Translation: the great experiment in encroaching statism, failed monetary policy and central planning continues... Until imminent failure.

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
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Posts: 1443
Re: Here Comes The Non-Boring Weekend

More about this on Karl Denninger's Market Ticker

http://market-ticker.org/

 

There is persistent chatter about a Greek default over the weekend, which Greece denied, but the denier refused to be named.  If it's not true, then put your damned name on the statement or be considered what you are - liars.  Greece failed to place their short-term bill rollover.  That's a declaration by the market that even for short-term paper the market has utterly lost confidence in Greece and the Euro.

Germany's DAX market relative to the United States just hit a five year low today.

To add to the "liar liar pants on fire" calls Germany is now reported to be working a plan to recapitalize their banks if Greece defaults.  This in turn means three things:

  • A Greek default is considered credible by Germany and they are taking official actions related to that possibility.  So much for the denials.
     
  • German banks (and presumably French banks and all the other big banks too) are insolvent as they are carrying these bonds at well above their actual value in the marketplace.  If the bonds were carried at the claimed "loss" values, which is quoted as 50%, then there would be no need to recapitalize them would there?  This is an official statement of proof that the banks are lying about asset values and are in fact insolvent.
     
  • Remember that we were just told days ago that these banks were fine and needed no capital and in fact calls for more capital by the IMF were officially refused.  The same claim has been made about our banks.  You were just told officially by Germany that their claim of adequate capital just days ago was a lie as they are now planning to recapitalize the banks.  Do you believe our banks are not similarly exposed and also insolvent?  YOU'RE BETTING YOUR FUTURE ON THE BELIEF THAT THEY ARE, SO THIS QUESTION IS QUITE GERMANE AND TIMELY: ARE YOU SURE YOU'RE NOT BEING LIED TO EXACTLY AS WE WERE ABOUT GERMAN BANKS?

 

aggrivated's picture
aggrivated
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 527
Solar company Solyndra government loan update.

The daily digest linked this NY TImes article about Solyndra

http://www.nytimes.com/2011/09/08/business/energy-environment/2-more-sol...

What is interesting is this follow up article about a government raid on the company.  It seems there are some unusual circumstances surrounding the loan and a recent restructuring of the company that bypasses the ususal order of precedence for creditors.  We the people, the government's financial sponsors, may be last in line to collect when the company shutters.

http://blogs.reuters.com/muniland/2011/09/09/the-presidents-argonaut/

It is this kind of cronyism in government that makes the public distrust  spending research dollars from Uncle Sam. 

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1982
Solyndra for dummies

Clcik to see Solyndra for Dummies, a 5-panel cartoon.

 

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