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.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.