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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Nov 21, 2011 / 24 Mar-Cheshvan 5772

The Absent-Minded Energy Secretary

By Debra J. Saunders

Debra J. Saunders



http://www.JewishWorldReview.com | President Barack Obama likes to brag that his energy secretary, Steven Chu, won a Nobel Prize in physics. You would think that means that Chu is a brainiac who makes shrewd decisions and is extremely aware of whatever is happening around him. But as his testimony before the House Energy and Commerce Oversight and Investigations Subcommittee on Thursday revealed, there's a world of information that escapes Chu's notice.

The subcommittee is investigating Chu's decision to make Fremont, Calif., solar power company Solyndra the first recipient of a federal energy program loan in September 2009. Two years and $528 million later, Solyndra filed for bankruptcy, and it looks as if taxpayers will not see a dime of it. The Nobel Prize winner's pet pick was a bust.

Thursday was supposed to be Chu's moment to take responsibility for this high-profile bad "bet" — as Obama once put it. Chu did say, "The final decisions on Solyndra were mine." Yet by the end of the hearing, Chu was using the passive voice and putting the onus on other people. As he looked back at the whole thing, Chu said that "competent decisions were made by the people in the loan program," that green energy is important and that everyone knew "there were risks."

If the White House was pushing for the Solyndra deal because Obama campaign contribution bundler and frequent White House visitor George Kaiser owned an equity firm that backed Solyndra, it was news to Chu. Ditto on communications between Solyndra backers and top White House operatives. Who knew?

The Nobel laureate was "not aware" of staffers' predictions that Solyndra would go broke, even run out of cash in September 2011.

In September 2009, Chu approved the Solyndra loan. He clearly missed the Office of Management and Budget staff's recommendation that the deal be "notched down" in light of "the weakening world market prices for solar generally." When he showed up at Solyndra's groundbreaking, Chu announced, "If you build a better solar panel, the world will beat a path to your door."

As Rick Perry would say, "oops."

In March 2010, PricewaterhouseCoopers warned that Solyndra's recurring losses and negative cash flows raised "substantial doubt about (its) ability to continue as a going concern."

And still, Chu was a booster. In May 2010, Obama appeared at a Solyndra event, chatting up Chu's Nobel history and proclaiming, "The true engine of economic growth will always be companies like Solyndra."

A month later, Solyndra canceled a planned $300 million public offering.

This might be a good place to mention that shortly after winning its first loan guarantee, Solyndra applied for a second, this one for $400 million. To its credit, the administration did not approve the loan.

By October, CEO Brian Harrison had informed the Energy Department that the company was about to lay off workers. According to an email from Kaiser's investment fund, "the DOE ... requested a delay until after the election (without mentioning the election)."

Voilà. Solyndra announced it would shutter one of its plants and lay off 40 workers Nov. 3, the day after the election. Chu testified he would not have approved such a political request.

Now Chu admits he approved a deal that allowed investors to put $75 million into Solyndra in order to give the company a chance to survive. He acknowledged that the second deal included a sweetener that put investors ahead of taxpayers in the payback line that follows bankruptcy.

Sadly, when that expensive (for taxpayers) gambit failed, Solyndra laid off 1,000 workers.

Chu rejected the notion that incompetence and politics may have been factors in this half-billion-dollar blunder. "It's extremely unfortunate what happened," said Chu, "but the bottom fell out of the market; it was totally unexpected."

Rep. Henry Waxman, D-Calif., came to Chu's defense. "We have lost the money," he announced. "It's unfortunate, but there's no scandal there."

No scandal? In February 2009, former Solyndra CEO Chris Gronet was so sure he'd get the loan that he set 10 conditions for the administration to meet to help him raise another $147 million. No. 9: "Fundraising support after conditional commitment: Steven Chu visits Solyndra with press interviews (target by end of March)."

Just who worked for whom?

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© 2011, Creators Syndicate

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