Another green co. kaput, well not dead yet....

Discussion in 'Energy' started by Trajan, Feb 29, 2012.

  1. Trajan
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    Trajan conscientia mille testes Staff Member

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    at least thats what the poor oaf said in Search for the holy Grail....



    Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce

    President Obama used a weekly address in July 2010 to tout his stimulus package’s support for the solar industry. One of the companies he mentioned specifically, Abound Solar, just announced that it will lay off 70 percent of its workforce.

    Abound would “create more than 2,000 construction jobs and 1,500 permanent jobs,” Obama claimed, and would be integral to the administration’s quest to “create whole new industries and hundreds of thousands of new jobs in America.”

    But a year and a half later, the company’s staff numbers only 120. It announced Tuesday that it would lay off 180 full time and 100 part time employees, halt solar panel production, and delay the construction of a manufacturing plant in Indiana.

    more at-
    Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce
     
  2. saveliberty
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    saveliberty Gold Member

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    When will America see the light?
     
    • Thank You! Thank You! x 2
  3. Trajan
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    Trajan conscientia mille testes Staff Member

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    does that qualify as a double entendre? :lol:
     
  4. saveliberty
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    saveliberty Gold Member

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    I just need to know if it is a tax deduction.
     
  5. Trajan
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    Trajan conscientia mille testes Staff Member

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    :lol:above my pay grade....;)
     
  6. syrenn
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    syrenn BANNED

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    How many is this down the tubes now? I've lost count.


     
  7. saveliberty
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    saveliberty Gold Member

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    Its like tilting at windmills...
     
  8. Mr. H.
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    Mr. H. Gold Member Supporting Member

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    Well they gave it a shot and that's what counts, right?

    Run it up the flagpole and see if anyone salutes it.
    Toss it in the water and see if it floats.
    Push the envelope.
    It's a value-added proposition.
    Maximize the leverage.
    Expectation management.
    Actionable, strategic intent.
    Step up to the plate.
     
  9. waltky
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    waltky Gold Member Supporting Member

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    U.S. solar and wind industries expand, despite bankruptcies...
    :eusa_clap:
    U.S. solar and wind industries expand
    `4 Mar.`12 - Despite last year's bankruptcies of several solar manufacturers, including government-backed Solyndra, the U.S. solar and wind industries continue to expand in the face of obstacles this year.
     
  10. Old Rocks
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    Old Rocks Gold Member

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    A new and rapidly changing and improving technology. There will be many failures, and a few stellar performers that manage to stay ahead of the development curve. In the meantime, solar is increasing by a 30% to 50% a year.
     

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