Russian Billionaire given $730 million loan by Dept of Energy??

[Richard L]

This is really about as crazy as it gets. Our country is going broke and the Dept of Energy is handing over another $730 million to a Russian Billionaire who is the 29th richest man in the world??



http://www.forbes.com/sites/briansolomon/2011/11/09/russian-billionaire-awarded-controversial-energy-dept-loan/



...Rich

 

[Bud Williams]

All I can say is Thank You Obama...

 

[H D]

Good and fine if there's a return on investment. Maybe the 29th richest man in the world was only $739 million away from making nuclear fusion commercially viable. Can't wait!

 

[Richard L]

Hugh,

With all the other DOE loans to energy companies that have gone belly up in a year or less, I don't hold out much hope that we will ever see a dime of the $739 million.



...Rich

 

[Bill V]

Mordashov is the 29th richest man in the world with $18.5 billion.

Not any more. Now he has $19.23 billion.

 

[H D]

Kinda makes me wonder about a solar company that opened in my town last year. Not a single person from our town, as far as I can tell, has been employed by them. They produce nothing. I haven't had enough interest yet to really look into them, but they're a German company. Mage Solar

 

[Richard L]

Hugh,

Mage Solar seems to be a legitimate German company although they have only been in the USA for about 2.5 years. They seem to be a big Solar player in Europe and even have a German soccer stadium with their name....Kind of like how big US corps are buying or sponsoring stadiums to rename them after their corporation.



Here is a link to the website: http://web.magesolar.de/us/news/browse/8.html



...Rich

 

[H D]

I'll look into it more. At any rate, I'm glad to have a growing company in our town when most manufacturing and warehousing jobs are closing down here and farmers are struggling.