FROM Chelsea Sexton
Is Southern California’s Electric Car Industry Losing Its Charge? Solyndra was the Bay Area maker of solar-panels that went bust despite taxpayer loans from the Obama Administration. Now Fisker is being called the “Solyndra of electric vehicles.” Mayor Villaraigosa said Fisker would be part of an electric-car industry centered in Southern California, but Fisker is now on the edge of bankruptcy. Today at a committee hearing in Washington Ohio Republican Jim Jordan, chair of the Oversight and Government Reform Committee, was scathing about Fisker’s potential market and its political backers.
Tesla Takes Investors on Another Joy Ride Tesla Motors of Palo Alto makes electric cars, and it's the first American automobile company to go public since the Ford Motor Company started selling shares in 1956. After yesterday's Initial Public Offering, Tesla stock surged from $17 to a peak of $30, and closed today around $24. Tesla now makes a $109,000 electric Roadster, and plans to mass-produce a luxury model priced at $50,000, but it could be a long time before the company turns a profit.
Will California kill the electric car – again? in 1990, California’s Air Resources Board demanded that, by 2003, 10% of the automobiles in the state be zero emission vehicles. That would have meant 100,000 cars per year running on electric batteries or hydrogen cells. Since then, the mandate has been pushed back 4 times, down to 25,000 cars per year by 2012. Today, the CARB, as it’s called, was looking at a staff recommendation to reduce that by 90%--down to 2500 a year.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?