More than 400,000 Australians will benefit from new subsidised medicines from 1 September 2011, including patients suffering multiple sclerosis, cystic fibrosis and various forms of cancer.
from: http://www.health.gov.au/internet/ministers/publishing.nsf/Content/mr-yr11-nr-nr164.htm
This is like the third one in just a few weeks:
Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.
“I was told by a security guard to get my [stuff] and leave,” one employee said. The company employs a little more than 1,000 employees worldwide, according to its website….
Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said “it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. “
The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.
Beyond the whole green jobs boondoggle, trying to compete at low-cost manufacturing of a commodity product in California of all places is simply insane.
from: http://feedproxy.google.com/~r/CoyoteBlog/~3/5NWvooJuEag/green-industrial-policy-fail.html
Allan Lichtman, an American University political scientist who claims an unbroken 7-for-7 record of correct presidential predictions says President Obama’s a shoe-in for re-election.
His method seems very suspect to me, but what’s interesting here is the track record. Seven out of seven is impressive! But how impressive? Well, if you guess totally at random you’ll only make seven correct calls in a row 0.78 percent of the time. That’s not very often. On the other hand, the American Political Science Association says it has 15,000 members which is consistent with over 100 people getting it right seven times in a row based on random guessing. Just a reminder that it’s a big world out there, so it’s never hard to find people who just happen to be on a lucky streak and are being accorded an undue level of credibility. Not a big deal when it afflicts the world of election forecasting, but a huge deal in terms of the world of finance especially because there’s basically almost no way to distinguish ex ante between someone who’s good and someone who’s lucky.
from: http://feedproxy.google.com/~r/matthewyglesias/~3/sWbnJw3k7OI/
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