A Tale of Two Realities: Worthless Alternatives

Two articles in today’s Boston Globe:

Evergreen Solar Inc., the once promising alternative energy company that received millions in state subsidies, warned late Monday that its shares will likely be worth little or nothing even if it is able to strike a deal with creditors to restructure its debt.
___
Three years ago, Evergreen opened a gleaming 450,000-square-foot manufacturing plant in Devens, a former military base in central Massachusetts, promising to create hundreds of new jobs. Governor Deval Patrick’s administration awarded the company $58 million in tax breaks and other aid, one of the largest state incentive packages in recent years, to help persuade Evergreen to expand here and jump-start the state’s alternative energy sector.

Worthless

A study released by Governor Deval Patrick’s administration this week said the prospects for job growth, lower energy bills, and reduced greenhouse gas emissions justify state-mandated investment by utilities - a projected $5.37 billion through 2015 - in alternative energy, including energy efficiency. Utilities that operate in the state are required to purchase at least 6 percent of their supply from renewable sources such as wind and solar. 
Alternatives

Even when the slap from reality still stings, politicians continue to do what they do best: spend other people’s money. 

Comments

Post a Comment

Popular posts from this blog

Plainsies, Clapsies

A ball bouncing game from my youth instructed the player to throw the ball up ( plainsies ), throw it up and clap ( clapsies ) throw it up and roll your hands ( roll the ball ) and touch your shoulders ( tabapsies ). In trying to locate the rest of the ball bouncing chant, I found out not only is my “tabapsies” a mondegreen , but also the motion – touching your shoulders – isn’t even the correct movement! You are supposed to clap your hands behind your back and say “ to backsies .”  Yeah. That makes much more sense. Being only slightly deflated by this discovery, I will still share my exciting news.  In an attempt to counteract the stretching of my wrist from doing front squats two days in a row, I pulled out the tabapsies motion this morning.  This, in itself, is not newsworthy.  However, I grabbed both shoulders with all five fingers!!! Again, not exciting unless you know that when I was nine years-old, I broke my left elbow doing a running cartwheel; the repai
Read more

Memorizing the Preamble to the Constitution

Image
In preparation for celebrating the 222nd anniversary of the signing of the Constitution of the United States on September 17, 1787, here are a few videos that I hope will inspire you to at least memorize the brief, but powerful Preamble. First, here is my first attempt at video editing with the bare bones Windows Movie Maker (no ability to step through frame by frame with sound, or ability to mark stops before cutting). My daughters are reading the Preamble to the Constitution from the little book I carry in my purse. They can recite it by heart, but it I thought it would be a little different (and a little less exposed) if they did it this way. Let's not even talk about the 20 takes due to laughter. If you knew it as a child, don't worry, it'll come back to you as Barney shows in this video. Finally, a little treat for my sci-fi loving friends. And if memorizing and reciting The Preamble in creative ways leaves you wanting more, you can find out which Founding Father you&#
Read more

Why I am an Objectivist

I am a human being who values her life on this earth above all other things. The right and good is that which contributes to my life and the wrong and evil is that which destroys it. Every action I take must pass through the gates of identification before being pursued as a value which I understand will contribute to my life. Happiness is my ultimate goal. I understand the importance of identifying, applying, pursuing, and achieving those values which will contribute to my life, not just in the immediate sense (which every child understands), but in the long-term sense (which develops with experience). This is not to say that I’m really good at always identifying, pursuing, and achieving those values, or that I remain consistent in my applications of them; merely that I had already understood that this selfishness was the key to my happiness when I was relatively young. The importance of the fact that I understood I was responsible for my own happiness can not be overemphasized here. W
Read more