24/7 Wall St.: Ominous Solar News: Job Cuts (SOLR)
It was not that long ago when traders and investors were making a fortune investing in the new endless growth instrument: blazing hot solar stocks. If you have followed this sector, you have seen how many of these stocks have fallen 60%, 70% and some by even 90%. But today, GT Solar International, Inc. (NASDAQ: SOLR) did something worse than the other companies facing slowing orders. It cut jobs.Browner and Greener by Max Schulz on National Review Online
Ironically, Obama did make an exceptional pick on the energy front — but he did it three weeks ago and in a different context. On November 22, the president-elect picked Gen. James Jones to serve as national-security adviser. Not only is Jones a decorated soldier, he currently leads the U.S. Chamber of Commerce’s Institute for 21st Century Energy. In addition, he serves on the board of directors of Chevron — one of the Big Oil behemoths Obama has excoriated. Jones has examined many of the truly pressing energy and environmental issues from the perspective of economic and national security. He understands the complexity of international energy markets. And he brings a seriousness to energy questions that, frankly, is lacking at the top of Obama’s green team. With luck, Jones will emerge as a leading voice in the administration, and as a check on climate-change czarina Carol Browner’s regulatory zeal.The American Spectator : Greens Against Growth
What was once merely a media hostility to skeptics of human-caused global warming has now mutated into a media hostility to anyone who has any doubts about the invasive, inevitably costly ways that government wants to deal with climate change. And so the critics of Arnold Schwarzenegger's bogus claims for his global-warming approach must be ignored -- even if they have impeccable reputations and unimpeachable credentials. [Via Heliogenic Climate Change]
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