It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: DBCowboy
This is the problem with big government or even socialist government.
There is no risk to investors anymore. Not if government is going to underwrite every investment opportunity.
And if there is no risk, there is no drive to succeed. The investors never have to push for success because they never have to worry about going broke. Our money, tax payer money, covers their losses.
If investors actually had to risk their futures on new ideas, we'd probably see more drive, more urgency in succeeding.
originally posted by: RAY1990
a reply to: Sargeras
Lol it said a fraction if you wanna be knit picky and each example you gave is multiples as in fractions.
it produced 45% output and 68% output. It would be better implied that the plant produced nearly half and just over 2/3 respectively.
You know fine well it is worded in a way to imply the plant produced a miniscule amount of energy compared to what was promised. Don't you?
It has to do with a “green energy” company called BrightSource Energy Inc., which develops solar energy products (or intends to someday, anyway). In 2010, BrightSource was in deep trouble. It was $1.8 billion in debt and was losing money hand over fist–a $71.6 million loss on a mere $13.5 million in revenue. A company destined to go down the drain, one would think. But no! The Obama administration bailed out BrightSource to the tune of a cool $1.4 billion in loan guarantees.
How could that possibly have happened? Well, start with the fact that the principal investor in BrightSource is VantagePoint Partners. Robert F. Kennedy, Jr. is a Venture Partner in VantagePoint.
Another Obama Scandal In the Making
originally posted by: dothedew
From the description of how this plant functions, it seems like a middle school science project, upscale several thousand times. They actually procured funding for this?
originally posted by: UnBreakable
originally posted by: queenofswords
Now, there's Ivanpah! This is the kind of waste and abuse Trump talks about and the absolute stupidity of our government leaders who haven't got a clue.
Ivanpah. Wasn't that one of Trump's wives?
Saudi Prince Alwaleed bin Talal said Wednesday that his company will shed most of its stake in Rupert Murdoch's News Corp., taking its 6.6% ownership down to 1%. But while Alwaleed's Kingdom Holding Company will reduce its stake in News Corp. (NWSA),it will maintain its 6.6% holding of Murdoch's entertainment company, 21st Century Fox (FOXA).
"We have a strategic alliance with Rupert Murdoch for sure and I have been with him for the last 15 or 20 years," Alwaleed said. "My backing of Rupert Murdoch is definitely unwavering."
The Koch brothers and their network have had a hand in creating several "news" outlets that echo the Kochs' conservative, anti-government message: The Daily Caller, The Washington Free Beacon, and the Franklin Center.
The Daily Caller was founded by financial investor Foster Friess, a major Koch donor who has attended many of the Kochs' annual summits and donated at least $1 million to conservative causes that the Kochs support. Friess provided $3 million in seed funding to The Daily Caller, a conservative website which, according to Mayer, has "functioned more as an outlet for opposition research paid for by the donor class." Charles Koch's foundation would later back the website, and the Daily Caller News Foundation is currently listed as a "partner organization" of the Charles Koch Institute. Tucker Carlson, co-founder and editor-in-chief of The Daily Caller, also has other ties to the Kochs: He joined the Cato Institute in 2009, which the Koch brothers co-founded, and he is currently listed as a senior fellow there. The Cato Institute has received millions of dollars from the Koch family, and David Koch currently sits on Cato's board of directors. Mayer notes that The Daily Caller was "the chosen receptacle" for the Kochs' retaliatory attacks on her after The New Yorker published an exposé she wrote on the Kochs in 2010.
After the Kochs started receiving some bad publicity, Koch Industries hired Michael Goldfarb to improve the company's image. Later, in 2012, Goldfarb founded The Washington Free Beacon, and he remains its chairman. The website has published articles defending the Kochs, attacking their opponents, advancing the Kochs' criticisms of President Obama and Sen. Harry Reid, and promoting their agenda. Plus whatever this is.
originally posted by: RAY1990
a reply to: Sargeras
Yes I understand secondary school math, I have a reasonable grasp on my first language english also.
I don't see the need to debate forms of communication regardless if it was aimed as a snide remark. I think we both can understand the simplicity of what I was implying.
That the article in question was worded to imply that this plant has been an absolute failure. I stated considering this is a new form of renewable energy it didn't do too bad considering.
Just for sake of arguement, advanced gas-cooled Nuclear reactors such as the ones commissioned in the UK in the 1980's was sold as the best and safest energy around but those plants have been riddled with problems... things like jellyfish stuck in the pipes used to supply the seawater that cools the reactor.
All new forms of energy production have setbacks. Finances aside this project showed results. and since the plant ain't xlosed yet it hasn't failed yet has it?