DOE Green Investment Portfolio: Is This Government Qua Private Equity Investor Receiving Fair Criticism?
During the first debate, presidential candidate Mitt Romney called Tesla Motors, along with Solyndra, Ener1, and Fisker, “losers.” Governor Romney reiterated his displeasure with the Department of Energy’s (“DOE”) green investment portfolio in the last debate, and the recent bankruptcy filing of A123 has encouraged others to launch similar criticism. Most of these companies received loans or loan guarantees from the DOE intended for the development of innovative green energy technologies. Here is a list of all the DOE green energy loan projects for reference.
As touted by articles covering Starbucks’ recent $25 million deal to set up the mobile payments service called Square at 7,000 coffeehouse locations, consumer payments might be on the brink of major change. Square makes an app that turns a merchant’s cell phone into a credit card reader and Square and Starbucks plan to introduce [...]
Yahoo publically alleged recently that social-networking giant Facebook infringed on 10 to 20 of its patents, demanding license fees or alternatively face a lawsuit. Facebook, still in the “quiet period” following the February filing of its S-1 (a required SEC filing for companies going public to register their corporate securities), is still evaluating Yahoo’s claims. [...]
Kodak, apparently, was not Apple’s sweetheart this year. On a day no other than Valentine’s Day, following Kodak’s bankruptcy filing last month, Apple has asked the bankruptcy court for permission (or requested a “lift” from the automatic stay) to sue Kodak for patent infringement, a right Apple claims to have even without the court’s permission. [...]
A white-collar criminal, in a fine suit and with a perfect smile, nefariously bamboozles a single-parent widow into investing $25,000 into a ponzi scheme. But wait, a dangerous gang member robs the same widow on the street, at gunpoint, stealing her car, jewelry, and other belongings, totaling $25,000. What’s worse? All sorts of people, teachers, [...]
Everybody wants to know the significance of “Occupy Wall Street,” including CEOs and a presidential candidate who believes the protest is a “natural outcome of a bad education system teaching them really dumb ideas.” A more reasonable explanation for the civil unrest is the continuous collision between high life expectations and a debilitated job market, [...]
The Case Against Cuban The SEC Inspector General recently cleared the SEC of alleged wrongdoing in the insider trading investigation of Mark Cuban, owner of the Dallas Mavericks. (If you happen to have an abundance of time, see the inspector general’s 96-page report). It is an important case testing an 11-year old regulation, SEC Rule [...]