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Traditional Business Dying, 'Green' Business Dying... What Now?
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The Obama administration made a big deal about giving "green" businesses government "loans" (actually, closer to grants), saying that these companies were the future. Now that those same companies are, one after the other, failing, the administration's curiously silent. The latest failure is the bankruptcy of a solar panel maker that was handed $527 million in loans using tax money which will never be repaid, plus the elimination of 1,000 jobs. The whole "green jobs" thing seems like a bigger and bigger pipe dream, especially with China cranking the stuff out on the ultra-cheap. It's a gamble that's failing. (New York Times)
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