Why Biofuels Burned Up Your Dollars
greenbiz.com — Farm state politicians, entrepreneurs and venture capitalists have sold biofuels to rest of us as a way to revive rural America, attack the problem of global warming and reduce our dependence on foreign oil. In response, investors and taxpayers have poured many millions of dollars into corn ethanol. The returns have been skimpy. More…
GM emerges from bankruptcy
finance.yahoo.com — DETROIT (AP) -- General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one. Henderson announced on Friday that the company had emerged from bankruptcy protection far faster than anyone thought it could. More…
A.I.G. Seeks U.S. Support for Bonuses
nytimes.com — Seeking to avoid the public furor that erupted last spring, the American International Group has been quietly seeking approval from the new federal compensation czar to pay a total of $2.4 million dollars in bonuses to dozens of its senior executives. More…
AIG Is Preparing to Pay Millions More in Bonuses
washingtonpost.com — WashingtonPost.com — American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives after an earlier round of payments four months ago set off a national furor. More…
China Sets 15% Renewable Energy Target, Kicks US Butt
celsias.com — As the United States Congress battles over the costs, benefits, and especially, definitions of its own national renewable energy standard, coal-giant China announced a plan to get 15 percent of its energy capacity from wind, solar and other renewable energy sources by 2020 More…
Bankslaughter: Should Execs Be Held Liable For Killing Ban?
huffingtonpost.com — If you're driving and happen to kill a pedestrian, you may, of course, be slapped with manslaughter charges. On the other hand, if you're running a huge financial company and your management decisions remove billions of dollars of wealth from the economy and you threaten the entire financial system, you'll receive a multimillion pay package... More…

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