Pending Bankruptcy of Largest Solar Company Puts Alternative Energy Industry Into Full Meltdown Mode

(Hat tip: KimR) - The darling industry of Sustainable Development is solar energy and wind turbines. The global policy of Sustainable Development (aka Technocracy) is to a) destroy carbon-based energy and b) replace the deficit with alternative energy. Read more at Technocracy News Read More......

China's workers abandon the city as Beijing faces an economic storm

Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future. On Thursday she will board a bus with her two young children and abandon her adopted home. --“There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family.

Read more at the UK Guardian
(Hat tip: KimR) Read More......

Rove: Obama and the Democratic Revolt

WALL STREET JOURNAL, 12/9/2010 by Karl Rove - The White House must convince Dems—50 in the House and about 15 in the Senate. ---For agreeing to a temporary extension of all the Bush tax cuts, President Obama is now facing a full-fledged revolt within his party. The responses from congressional Democrats have ranged from chilly to angry to threatening. ∴ One asked, "Could we have a little fight before we cave? Why go right to surrender?" Another accused Mr. Obama of saying, "let 'em eat cake." Another called the compromise "an absolute disaster" and "an insult." Another complained, "we got screwed." ∴ Liberals outside Congress are even more bitter. MoveOn.org demanded Democrats not "capitulate to the GOP on this terrible deal." Some have talked of primary challenges to Mr. Obama. ∴ It won't be easy for Mr. Obama to push the compromise through Congress. Nancy Pelosi doesn't see where the votes will come in the House. Harry Reid's spokesman says simply that the majority leader "plans on discussing it with his caucus." Read more at WSJ... Read More......