Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Thursday, December 06, 2012
Battery maker that received stimulus money could be sold to Chinese company
A bankrupt battery manufacturer that was a cornerstone of President
Obama’s effort to make the United States a global leader in clean-energy
technology could end up in the hands of a Chinese company when it goes
on the auction block Thursday. Congressional Republicans call the company, A123 Systems, which
received $133 million in federal stimulus grants, a textbook case of
how the Obama administration wasted taxpayer money trying to nurture new
industries. Administration officials say the stimulus money was used to
build a new manufacturing facility in Michigan that could remain open
under new owners, even if they turn out to be foreign. The company also has a Pentagon contract classified as “secret,” and
Sens. Charles E. Grassley (R-Iowa) and John Thune (R-S.D.) are waving
red flags. In a letter to Treasury Secretary Timothy F. Geithner, they
called for a review by the Committee on Foreign Investment in the United States, an inter-agency group that reviews transactions that might harm national security. Treasury oversees CFIUS. A123 Systems, founded in 2001, sells lithium ion batteries for electric
cars and for utilities that use them as backup, community or
renewable-energy storage...more
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