Sep. 17th, 2008

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As readers may have noted, I've been at war with nuclear for sometime now. Not that they've probably noticed.

The latest bailout of AIG once again indicates how when it comes to big risk items, the free market mantra doesn't work. Likewise for new nuclear.

If we're going that way in the USA, why not just do it like France does. Have a largely state-owned business do the mucking about and avoid the charade of market forces having anything to do with the decision to go nuclear.

Wind and Nuclear Go to War Over Power Cut Threats [in the UK] - BusinessGreen - 17 Sep 08

"The report from energy industry analysts Fells Associates argues that with a third of the UK's generation capacity due to be decommissioned by 2020 as nuclear and fossil fuel power stations are retired, prolonged power cuts could become a common occurrence from 2013."

"But speaking to reporters earlier today, report co-author professor Ian Fells, a long term supporter of nuclear power, said that the planned expansion of wind energy could not be delivered quickly enough to plug the gap, while the long-promised expansion in nuclear capacity was also not being built at sufficient pace.

The report, titled A Pragmatic Energy Policy for the UK, argued that the only way to plug the energy gap in the short term is to extend the life of fossil fuel and nuclear power plants, while accelerating the development of a new fleet of nuclear reactors to work alongside increased renewables capacity. It claimed that the need to secure energy supplies was now so urgent that it should take priority over climate change in the government's energy strategy."


"Greenpeace chief scientist Doug Parr said the report meant that Fells had 'finally lost the backing of the scientific community', adding that it showed a disregard for the extent to which other countries were fast embracing renewables to address their energy gaps.

'All over the world, jobs are being created in the renewable energy sector,' he said. 'But Britain has been left behind for too long by the negative, white flag approach to climate change that this report represents. Professor Fells has a long-standing love affair with the technologies of the 20th Century, but as time goes by his fetish for coal and nuclear power looks increasingly naive.'"
webfarmer: (Default)
As readers may have noted, I've been at war with nuclear for sometime now. Not that they've probably noticed.

The latest bailout of AIG once again indicates how when it comes to big risk items, the free market mantra doesn't work. Likewise for new nuclear.

If we're going that way in the USA, why not just do it like France does. Have a largely state-owned business do the mucking about and avoid the charade of market forces having anything to do with the decision to go nuclear.

Wind and Nuclear Go to War Over Power Cut Threats [in the UK] - BusinessGreen - 17 Sep 08

"The report from energy industry analysts Fells Associates argues that with a third of the UK's generation capacity due to be decommissioned by 2020 as nuclear and fossil fuel power stations are retired, prolonged power cuts could become a common occurrence from 2013."

"But speaking to reporters earlier today, report co-author professor Ian Fells, a long term supporter of nuclear power, said that the planned expansion of wind energy could not be delivered quickly enough to plug the gap, while the long-promised expansion in nuclear capacity was also not being built at sufficient pace.

The report, titled A Pragmatic Energy Policy for the UK, argued that the only way to plug the energy gap in the short term is to extend the life of fossil fuel and nuclear power plants, while accelerating the development of a new fleet of nuclear reactors to work alongside increased renewables capacity. It claimed that the need to secure energy supplies was now so urgent that it should take priority over climate change in the government's energy strategy."


"Greenpeace chief scientist Doug Parr said the report meant that Fells had 'finally lost the backing of the scientific community', adding that it showed a disregard for the extent to which other countries were fast embracing renewables to address their energy gaps.

'All over the world, jobs are being created in the renewable energy sector,' he said. 'But Britain has been left behind for too long by the negative, white flag approach to climate change that this report represents. Professor Fells has a long-standing love affair with the technologies of the 20th Century, but as time goes by his fetish for coal and nuclear power looks increasingly naive.'"
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Encouraging news in a discouraging time.

Tesla to Build Electric-Car Factory in San Jose - San Jose Mercury News - 16 Sep 08

"For San Jose, the deal not only is a public-relations coup, it also brings new jobs and expands the city's tax base. For Tesla, the move signals the automaker is moving beyond a rocky start and toward its goal of producing zero-emission cars in volume."

"Tesla chose San Jose for numerous reasons. It's a Silicon Valley company, and it wanted its executives and engineers to be near its factory. Drori mentioned the skilled high-tech workforce, especially those familiar with electronics and software. Also, the company expects many of its buyers to be Californians; its first two showrooms are in Menlo Park and Santa Monica."

"Tesla's first car, a two-seat electric called the Roadster, went on sale this summer. The company said it has delivered 27 cars, which are being built at a Lotus factory in England. It has begun installing a revised transmission and will ramp up production from four to 10 cars a week. By March, it will be making 40 cars a week.

While the Roadster, priced at $109,000, is destined to remain a niche model, Tesla has much more mainstream plans for its Model S sedan, to be built in San Jose. That car, which is expected to cost $50,000 to $60,000, could see annual production numbers of 20,000, Tesla says. It will be an all-electric four-door model."


GM is still making noise with the Chevy Volt. They still want $25 billion in loan guarantees to help them compete with Toyota and Honda now that their Hummer and SUV business isn't looking like such a sustainable business move. Doh! And whatever happened to that dumb ass hydrogen car initiative that was supposed to be so much better than these puny hybrid units? Grrr...

Chevy Volt's Unveiling Sparks Questions About Financing - LA Times - 17 Sep 08

"GM revealed the much-hyped vehicle at an event celebrating the automaker's centennial. Immediately afterward, company executives faced a barrage of questions about whether some of the $25 billion in low-interest loans the industry is urging Congress to fund would be used to subsidize the Volt's development and production.

At the same time, GM executives called for federal and local incentives to boost the Volt program.

The loans 'certainly would help us finance the vehicle,' said Frederick Henderson, president of GM. 'This is exactly the kind of vehicle that was contemplated when the money was put into the bill,' he added, referring to last year's Energy Security and Independence Act."
webfarmer: (Default)
Encouraging news in a discouraging time.

Tesla to Build Electric-Car Factory in San Jose - San Jose Mercury News - 16 Sep 08

"For San Jose, the deal not only is a public-relations coup, it also brings new jobs and expands the city's tax base. For Tesla, the move signals the automaker is moving beyond a rocky start and toward its goal of producing zero-emission cars in volume."

"Tesla chose San Jose for numerous reasons. It's a Silicon Valley company, and it wanted its executives and engineers to be near its factory. Drori mentioned the skilled high-tech workforce, especially those familiar with electronics and software. Also, the company expects many of its buyers to be Californians; its first two showrooms are in Menlo Park and Santa Monica."

"Tesla's first car, a two-seat electric called the Roadster, went on sale this summer. The company said it has delivered 27 cars, which are being built at a Lotus factory in England. It has begun installing a revised transmission and will ramp up production from four to 10 cars a week. By March, it will be making 40 cars a week.

While the Roadster, priced at $109,000, is destined to remain a niche model, Tesla has much more mainstream plans for its Model S sedan, to be built in San Jose. That car, which is expected to cost $50,000 to $60,000, could see annual production numbers of 20,000, Tesla says. It will be an all-electric four-door model."


GM is still making noise with the Chevy Volt. They still want $25 billion in loan guarantees to help them compete with Toyota and Honda now that their Hummer and SUV business isn't looking like such a sustainable business move. Doh! And whatever happened to that dumb ass hydrogen car initiative that was supposed to be so much better than these puny hybrid units? Grrr...

Chevy Volt's Unveiling Sparks Questions About Financing - LA Times - 17 Sep 08

"GM revealed the much-hyped vehicle at an event celebrating the automaker's centennial. Immediately afterward, company executives faced a barrage of questions about whether some of the $25 billion in low-interest loans the industry is urging Congress to fund would be used to subsidize the Volt's development and production.

At the same time, GM executives called for federal and local incentives to boost the Volt program.

The loans 'certainly would help us finance the vehicle,' said Frederick Henderson, president of GM. 'This is exactly the kind of vehicle that was contemplated when the money was put into the bill,' he added, referring to last year's Energy Security and Independence Act."
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When it rains it pours.

McCain Economic Adviser Carly Fiorina's Golden Parachute - ABC News - 16 Sep 08

"ABC News' Lisa Chinn and Jennifer Parker report: Republican ticket mates John McCain and Sarah Palin Monday blasted corporate executives who leave their company with a 'golden parachute' and pledged to "stop multimillion dollar payouts" to CEOs, seeming to forget their own top economic adviser Carly Fiorina walked away with $45 million, including a $21.4 million severance package when she was dismissed by Hewlett Packard in 2005."

Pretty soon no one in the McCain camp will be talking to reporters. Bad timing on the honesty thing by Carly.

Fiorina in the Shadows After McCain, Palin Comments - Atlanta Journal-Constitution - 17 Sep 08

"Don’t expect to see Carly Fiorina on television talking up her candidate, Sen. John McCain, for at least the next few days.

The public face of McCain’s economic policy has already canceled an appearance on CNN’s 'American Morning' on Wednesday, and McCain aides said she might be hard to find on the remote for a few days. The fade-out follows Fiorina’s statements Tuesday about both Alaska Gov. Sarah Palin’s and McCain’s fitness to run the company she once headed, Hewlett-Packard.

Speaking on the McGraw Milhaven Show on KTRS radio in St. Louis, Fiorina was praised by Milhaven as having worked her way up from being a secretary to being what some called the most powerful woman in business, before she was ousted from Hewlett-Packard. Milhaven went on to say that in tapping Palin, McCain 'thinks she has the experience to be president.'

But, he continued, 'Do you think she has the experience to run a major company like Hewlett-Packard?' 'No, I don’t,' Fiorina said."
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When it rains it pours.

McCain Economic Adviser Carly Fiorina's Golden Parachute - ABC News - 16 Sep 08

"ABC News' Lisa Chinn and Jennifer Parker report: Republican ticket mates John McCain and Sarah Palin Monday blasted corporate executives who leave their company with a 'golden parachute' and pledged to "stop multimillion dollar payouts" to CEOs, seeming to forget their own top economic adviser Carly Fiorina walked away with $45 million, including a $21.4 million severance package when she was dismissed by Hewlett Packard in 2005."

Pretty soon no one in the McCain camp will be talking to reporters. Bad timing on the honesty thing by Carly.

Fiorina in the Shadows After McCain, Palin Comments - Atlanta Journal-Constitution - 17 Sep 08

"Don’t expect to see Carly Fiorina on television talking up her candidate, Sen. John McCain, for at least the next few days.

The public face of McCain’s economic policy has already canceled an appearance on CNN’s 'American Morning' on Wednesday, and McCain aides said she might be hard to find on the remote for a few days. The fade-out follows Fiorina’s statements Tuesday about both Alaska Gov. Sarah Palin’s and McCain’s fitness to run the company she once headed, Hewlett-Packard.

Speaking on the McGraw Milhaven Show on KTRS radio in St. Louis, Fiorina was praised by Milhaven as having worked her way up from being a secretary to being what some called the most powerful woman in business, before she was ousted from Hewlett-Packard. Milhaven went on to say that in tapping Palin, McCain 'thinks she has the experience to be president.'

But, he continued, 'Do you think she has the experience to run a major company like Hewlett-Packard?' 'No, I don’t,' Fiorina said."
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Right on Comrade Jim "Mad Money" Cramer of CNBC. [video]
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Right on Comrade Jim "Mad Money" Cramer of CNBC. [video]
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Epson has a one-day sale on video projectors (and other gizmos) and I bit at $399 for a refurbished unit. Fingers crossed. Amazon.com was loaded with positive reviews of the unit.
webfarmer: (Default)
Epson has a one-day sale on video projectors (and other gizmos) and I bit at $399 for a refurbished unit. Fingers crossed. Amazon.com was loaded with positive reviews of the unit.
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