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A123 Files for Bankruptcy
Yet another failure of central planning
Electric car battery-maker A123 Systems has
filed … just a few months ago A123
awarded sweetened … increases
top executives at A123 Systems have received.
In … more
A123 Logs Its Own List of Failures
Like Solyndra, hundreds of millions in government subsidies didn't stop company from going bankrupt
… Barack Obama highlighted A123 Systems during a White … way
he envisioned.
A123 Systems
has become … green-energy
failures. However, A123 Systems, which
has … administration
trumpeted
A123s
Michigan battery plant … more
Terrible Track Record
Government's 'green' venture capitalism experiment a failure.
… failures like Solyndra,
A123
,
LG Chem
, Energ1 … more
MEDC Removes Video of Obama, Top Dems Praising Failed Battery Company
YouTube promotion showed Obama, Granholm, Levin and Stabenow promising thousands of jobs
… battery manufacturer A123 Systems.
At the … Stabenow. Since then, A123 has
shed money
, … the initial roll-out, A123 is
being acquired … initiatives. Michigan gave A123 Systems
$100 million … more
Government-Backed Green Energy Company Sweetens Package For Top Executives Despite Mounting Problems
In SEC filings, A123 Systems raises 'substantial doubt on the Company's ability to continue'
… lose their jobs.
A123 Systems, which opened … Korea in February.
A123 Systems, which received … Development Corp. said A123 Systems hasn't received … from them yet. But A123 Systems stated it expects … more
Video Shows President Obama, Top Politicians Praising Failed Green Company
Obama, Granholm, Levin, Stabenow and Energy Secretary Chu all praised troubled battery manufacturer
… subsidized and now-troubled A123 Systems battery manufacturer.
The … battery manufacturer A123 Systems.
A123 Systems, which opened … was filed
against A123 Systems this week on … more
Another One: Stimulus-Backed Battery Company Workers With No Work To Do — Playing Cards, Watching Movies, Reading Magazines
LG Chem joins the growing list of 'green' failures
… energy
failure as A123 Systems, another battery … more
Dead Batteries
… energy” failure as A123 Systems, another battery … more
Activist Group Claims Government Subsidized Green Energy Projects Are Worthwhile
The free-market vs. government cronyism
… bankruptcies of
Solyndra and A123 Systems as
a few falling … Companies
A123 Files For Bankruptcy
- … more
Subsidized Green Energy Company Struggles, Lays Off Workers — Rewards Top Executives
Analyst: 'It looks like they are trying to pad their top people’s wallets in case something really bad happens'
… Chief
Financial Officer of A123 Systems
the
battery … quarters of 2011.
A123 Systems also learned … its
own employees. A123 Systems had invested … Fisker.
Yet, this month A123
s Compensation Committee … more
President Sees Bright Green Future for Battery Jobs; Details Show Reality Still Very Cloudy
… employees. The exception was A123 Systems which has just
reached … companies,
including A123 Systems, predict they … first place?
A123 Systems seems to be … lithium-ion
batteries in North America. A123 Systems is headquartered … more
Michigan Home to Half of the Largest Bankrupt Green Energy Companies
Pushed by former Gov. Granholm, the state has four of the top eight stimulus-backed 'green' failures
… operations included A123 Systems, Azure Dynamics, … jobs exist.
A123 Systems
had a plant … reports
.
~~~~~
See also:
A123 Files For Bankruptcy … more
“Funny Numbers”
Critics of special business subsidies say state’s economic planners use shaky data to make decisions
… Michigan jobs, and A123 Systems
production … projecting for the A123 Systems plant. The state … from April of 2009, A123 Systems
plans to create … jobs created by the A123 Systems plant, but jobs … more
Michigan Taxpayers Writing Check to Second Electric Car Battery Maker for $100 Million
… car battery plant, A123 Systems, will
receive … 38-0
in
Senate.
The A123 Systems renaissance … tax credits for both A123 Systems and LG Chem.* … Massachusetts-based A123 Systems is the beneficiary … more
“…Funny Numbers They Pull Out of Their Backside”
Critics of special business subsidies say state’s economic planners use shaky data to make decisions
… Michigan jobs, and A123 Systems'
production … projecting
for the A123 Systems plant. The state … from April of 2009, A123 Systems plans to create … jobs created by the A123
Systems plant, but … more
Experts Say State Battery-Plant Subsidy Is a “Risky Venture”
… worthwhile
investment is that the A123 Systems plant could … said.
Without that, he says the A123 Systems plant in Livonia
"will … Adriaens called the A123 plant a risky
venture.
"We … in 2005. Since then, A123 states that it had net
losses … more
Gov. Granholm Touted Jobs Costing Taxpayers $113,000 Each
… subsidies it took to get A123 Systems to put its
plant … invisible losers.
A123 was awarded $249
million … world
thanks to companies like A123 and global leaders in … more
Michigan Governor Touts Jobs Costing Taxpayers $113,000 Each
… subsidies it took to get A123 Systems to put its plant … invisible losers."
A123 was awarded $249 million … thanks to companies like A123 and global leaders in … more
Michigan Senate Revives Corporate Welfare Scheme Governor Vowed to End
Bill authorizes $50 million from state for another electric car project
… Michigan workers (
A123 Corporation
), the … In addition to the A123 operation a second electric … Post
reports
that A123 has received $380 million … more
Cost to Revive Economy With Battery Plant Subsidies: $5 Trillion
… Massachusetts-based A123 Systems will also receive … worker they hire.
A123 Systems, which is also … and China. Indeed, A123 Systems all but admits … more
What's in a Number? Job Projections Inflated as 'Job Years'
A case study in how media and researchers can exaggerate economic impact findings
… media.
That 2009 company is A123 Systems and the Michigan … semantics."
However, as the A123 Systems jobs forecast … more
Chevy Volt Costing Taxpayers Up to $250K Per Vehicle
Analyst: 'This might be the most government-supported car since the Trabant'
… $256,824. For example, A123 Systems has received … Fisker will use the A123 system for example) … more
State’s Economic Central Planning Agency Behaving Differently Under New Leadership
… about 2,200-plus jobs A123 Systems would provide … more
Obama-Promoted Battery Plant Moves to 'Rolling Furloughs' As Company Pulls Back on Jobs Projections
LG Chem received $151 million from feds, $100 million from state
… are struggling.
A123 Systems, which has a … more
State Program Awards $67 Million, Creates One-Third of Projected Jobs
Lax oversight of grant recipients also cited by Auditor General report
… years.
Similarly, A123 Systems was awarded … more
Tight security locked out dozens of anti-right-to-work protesters from the State Capitol as Governor Snyder was delivering his "State of the State" address. Protesters tried to disrupt the speech by banging and chanting outside the building.
Most Popular
SEIU TAKES $33M AND COUNTING
FROM MICHIGAN HOME HELP PROGRAM PROVIDERS — OFTEN FAMILY MEMBERS
ATTORNEY GENERAL ORDERED THE STATE TO STOP TAKING MONEY ON MAY 25, 2012
FROM MICHIGAN HOME HELP PROGRAM PROVIDERS — OFTEN FAMILY MEMBERS
ATTORNEY GENERAL ORDERED THE STATE TO STOP TAKING MONEY ON MAY 25, 2012
[clock1]
Skimmed since November 2006
[clock2]
Skimmed after reaching the MI Senate in June 2011
[clock3]
Skimmed after the bill was signed April 10, 2012
[clock4]
Skimmed after the Attorney General
opinion May 25, 2012
opinion May 25, 2012
The Service Employees International Union (SEIU) "organized” Michigan's self-employed Home Help Program providers for the purpose of skimming dues from their ailing and disabled clients' Medicaid subsidy checks. The majority of these providers are relatives or friends taking care of loved ones. It’s been estimated that less than 25 percent of the providers are hired in an employment setting.
The first counter tallies SEIU dues skimmed since the union and state officials first launched this scheme in late 2006. The second shows the amount skimmed since June 9, 2011, when the Michigan House passed and sent to the Senate a bill to ban this and all similar “stealth unionization” efforts. The third counter shows the dues skimmed since the Governor signed the bill into law on April 10, 2012. The fourth counter shows the amount skimmed since May 25, 2012, when the Attorney General opinion was announced.
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