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.
House Republicans release their Obamacare replacement As two House committees take up "repeal and replacement" of "Obamacare," there may be life left in the Affordable Care Act after all. Even Republicans are divided, and proposed changes won't make good on President Trump's promise to provide "health insurance for everybody."
'Do-or-die' time on healthcare bill President Trump has demanded a House vote today on replacing Obamacare…whatever the details might be. Despite his campaign promise that nobody would lose health insurance, that's possible for 24 million people if he were finally to sign this bill into law.
Trump's travel ban and the long-term agenda The Trump Administration's revised travel ban may be good news for some visa holders and others, but it's still being challenged as unconstitutional. Some reporters call it the beginning of a long-term effort to change the demographic make-up of the United States.