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This page contains a single entry from the blog posted on September 29, 2011 7:44 AM. The previous post in this blog was Wim's paying Condi -- but you can't know how much. The next post in this blog is Version 2.0. Many more can be found on the main index page or by looking through the archives.



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Thursday, September 29, 2011

Are Disney robots coming to Marine Drive?

When Solyndra took its hundreds of millions in taxpayer subsidies to build a solar panel factory in California, it built a high-tech Taj Mahal, which is now useless because the Chinese have killed Solyndra in the marketplace.

Now that SoloPower has hundreds of millions in taxpayer subsidies to build solar panel factories in Portland and elsewhere, what kind of plant is it planning to create?

Comments (10)

That'd be the acid test. If they lay out any big buck sof rcapital equipment, I'd believe.

My gut is they'll screw around hiring office help and figure a way to get some big bonuses to the upper level types - Who'll spend a lot of time squirreling it away for the eventual bankruptcy.

Yep the elite pricipals will rake it in.

After they get done with their lavish golf excursion to celebrate the "deal" they'll get busy lining their pockets while creating the impression of skin in the game and insulating themselves from any personal liability.

And Ball Janik will be their lobbyist.

The Chinese did not kill that company. The management did. They pissed away millions building a palace and lost focus on their idea, which the market passed over quickly. Happens in new technologies all the time. Maybe if they just stuck to engineering, rented cheap space, bought used FF&E, and worked 80 hours a week on making their product more practical, they would have done OK.

But Robert, that's not the way our local gov'ts do things, and they've already gotten in bed with this outfit.

"The management did. They pissed away millions building a palace and lost focus on their idea"

Getting a truckload of free money doesn't exactly help to hone your focus on actually making money.

Again, these are not bad ideas, but they need to invest further upstream like in getting more tech trained employees. Then if they want to spend $150M to build Intel part of a fab, it might have some more success.

Right now, the types passing out money are looking for headlines with green in the title, not a sustainable idea. UNfortunately they don't have a clue on how to tell the diff between a scam and a na actual good idea.

The Chinese didn't kill this company. A failed business model did. They made $6/watt panels that sold for at most $3/watt.

Its trajectory was straight to bankruptcy even as Obama was touting it as a shining example of his economic policies.

How correct he was!

The Disney mention caught my attention. Do ya spose there is any chance Anette might be there for the ribbon cutting?

Forget Annette. Please send Justin Timberlake in a box for the ribbon cutting.

Oh, wow, how deep the lies tangle cobwebs to cover up the first lie, until thought and brain entire is suffocated. ... talking to News'GlennBeck'101FM, here ... if the cobweb fits, be snared in it.

There is a book to read (Web of Debt) which explains money should be backed by the full faith and credit of the community/society, which prints the money into circulation to pay for social developments, (e.g., education, justice, infrastructure, general welfare, civility, social benefit) which inures to all who live in it, and of it, and circulate the money. (As opposed to backing money with gold ... or other finite 'precious' matter.)

It's a simple idea but a blog comment can't possible do summary sense for a whole book. Read the book and you'll likely 'get it.'

So, today here's an example of the idea in real-life practical terms. With a government loan Solyndra woulda been a public improvement, the public would have been a sort of stakeholder; (money for societal developments, and society's profit ....)

Wayne Madsen Report. COM, Sept. 29, 2011, [behind paywall]

Why Did Solyndra Declare Bankruptcy?, By Anonymous Americus

By now we've heard from practically everyone – experts and layman alike – why Solyndra declared bankruptcy. Everyone, that is, except the management and owners of Solyndra.

Most observers claim it was the fall in silicon prices that made the company's business model unsustainable. According to the New York Times ....

However, no one really knows if this is true or not.
What was the sales price of Solyndra's panels?
What did their order book look like?
How many long-term supply contracts were signed ...?

Who benefits from a Solyndra bankruptcy?

We know who does not benefit – the employees who were laid off ... the vendors who provided materials ... the lenders who provided financing .... And the taxpayers definitely don't benefit.

So why then would Solyndra seek bankruptcy protection against its creditors?

Well here's an explanation no one has offered until now: Solyndra's owners declared bankruptcy not because the company was no longer viable, but for exactly the opposite reason – the company's prospects are so good, they want it all for themselves.

By declaring bankruptcy, the company clears its books of all debts. The company's assets are auctioned off with the proceeds assigned to the benefit of creditors. The owners buy the assets in the auction for pennies on the dollar, free and clear of all debts, courtesy of the US taxpayers, as represented by the Obama Administration's Department of Energy.

Great investment management -- if you can get away with it.

Of course there is only one way to know if this hypothesis is plausible, and that is to take note of who shows up to buy Solyndra's assets in the auction. If the buyers are even remotely connected to the current investors in the company, then the Solyndra bankruptcy will go down as one of the greatest heists of taxpayer funds this century.

The date for the bankruptcy auction of Solyndra's assets has been set for October 27th.

COMMENT Section for the article has this:
K. L. (Lafayette)
On Solyndra, having seen this happen, there will be another corporate or LLC entity from another state, that has been sitting around and already has 2 people - Directors and a shareholder or two. This will be purchased in exchange for stock in yet a third entity to be transacted subsequent to the auction. The NewCo will bid on the assets, perhaps even getting an inside track with regulators where they get the deal done before the auction, barring anyone else bidding against them... seen it happen, reviewed extensive corporate documents where it did happen. Just saying.

Another investigative report (omitted here) lists the Israeli owners and backers of Solyndra ... so far. [Solyndra's main marketer of its products in Israel is Israsol, a solar and wind power firm headquartered in Jerusalem; U.S. headquarters in Dana Point, California; and U.S. operating center in Brentwood, Tennessee.]

So what's the motive of the rightwing para-nazis (News'GlennBeck'101FM) excessively propagandizing baseless statements (i.e., lies) about the Solyndra financial tour de force. (Not a question, no question mark.)

Media Matters .ORG reminds us, daily: If it is FOXNews it is LIES. Copy that.
(Repeat, Rob Kremer appears to repeat, Big enough, repeat, Often enough. Repeat)

That's all most people know most of the time: LIES. Parrots recite.
Our minds made up of media mythology.

I'll take anything Disney over anything cooked up at Portland City Hall.

What other organization managed to create a master planned environment where cars are all but prohibited; where a train that goes around in endless circles is enormously popular with riders; where streetcars are truly zero emission (well, except for horse poop); where monorails glide through the skies; and where everyone walks to where they are going?

Oh, and there is an iconic bridge right smack in the center of it all, just north of the statue that pays homage to the man that created it all, and a little sidekick named Mickey.


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