Costs, conflicts arise in Reid push for green power
Say this about U.S. Sen. Harry Reid: He really believes in renewable energy.
Reid has beat up NV Energy pretty good in recent years. In the closing days of the George W. Bush administration, Reid blocked plans to build coal-fired power plants in Nevada. He said in April on the “Nevada Newsmakers” show, “I don’t think NV Energy has done enough to allow renewable energy to thrive.”
But that same month, NV Energy reported it had exceeded its state-imposed green-energy requirement of 15 percent by purchasing 16.7 percent of its power from renewable sources. And that was in spite of the Public Utilities Commission rejecting a handful of renewable contracts in July 2011, saying the company hadn’t justified the purchases were necessary to meet its quota.
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Always my first choice for financial advice…
No offense to the great “The Fly”, but how can you go wrong with a financial advice book penned by rapper Slim Thug? You can’t make this shit up.
[youtube:http://www.youtube.com/watch?v=SKfTTGnWnKA 450 300]
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Hybird Movers
Here are today’s hybrid movers, click here for charts.
Comments »Comedy Relief: LISTEN TO THE FUCKING MORON CEO OF $MWW MAKE A FOOL OUT OF HIMSELF ON EARNINGS CALL
Industry Breadth
CHINESE BURRITOS STAR IN THE OLYMPICS!
World badminton has apologized for a scandal that has sullied the sport’s reputation at the London Olympics and resulted in eight women being disqualified from the tournament.
The expulsion of the four women’s doubles pairs earlier on Wednesday sent shockwaves through the tournament, removing China’s top-seeded duo and other doubles pairs from the South Korean and Indonesian teams.
“I’m very, very sorry this has happened for both the players and for the sport,” Badminton World Federation secretary general Thomas Lund told a media conference.
“We made this decision for the best interests of all the players.
“The most important thing is to deal with such cases in a firm and fair manner.”
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Houston policeman shot and wounded a Harris County sheriff’s deputy, etc.
This is absolute lunacy and our dumb ass DOJ delivering zero justice.
Comments »Commandeered by one of his drivers, who was secretly working with federal agents, the truck had been hauling marijuana from the border as part of an undercover operation. And without Patty’s knowledge, the Drug Enforcement Administration was paying his driver, Lawrence Chapa, to use the truck to bust traffickers.
At least 17 hours before that early morning phone call, Chapa was shot dead in front of more than a dozen law enforcement officers – all of them taken by surprise by hijackers trying to steal the red Kenworth T600 truck and its load of pot.
In the confusion of the attack in northwest Harris County, compounded by officers in the operation not all knowing each other, a Houston policeman shot and wounded a Harris County sheriff’s deputy.
In Play and On the Wires
Small Bombs (Hybrid Movers Under $10)
Here is your daily dose of hybrid movers under $10, click here for charts
Comments »Mid West Drought Worse Than Expected, Acceleration Predicted
“Midday weather updates indicated even drier weather than earlier forecasts in the U.S. Midwest for the next week or two which will increase stress on corn and soybean crops that already have been slashed due to the worst drought in over 50 years, an agricultural meteorologist said on Monday.”
Comments »Industry Movers (Weekly Hybrid Change)
Chick-fil-A PR Head Dies of Heart Attack: Reports
Evidently, God likes Gay Marriage.
SAN FRANCISCO (MarketWatch) — The public relations head of fast-food chain Chick-fil-A died suddenly early Friday, according to media reports. Donald Perry, the fast food chain’s vice president of corporate public relations, reportedly died of a heart attack Friday morning. The chain has recently been under fire after President and Chief Operating Officer Dan Cathy publicly came out against same-sex marriage.
Read the rest here.
Comments »Nine Things The Public Are Banned From Doing At The Olympics
…with tongue slightly in cheek, here are nine things you won’t be able to do at the Olympic Games this year.
Read the rest here.
Comments »GDP: Prior 1.9%, Market Expects 1.2%, Actual 1.5%…Futures Gain
Q: Does this hurt chances of further QE ?
Comments »Small Bombs (Hybrid Movers Under $10)
Lengthy list tonight, and a lot of great looks, click here for charts
Comments »Euro Stays Lower Against Dollar As Italian Retail Sales Drop
Comments »The euro stayed weaker against the dollar as a report showed Italian retail sales dropped in May.
The common currency slipped 0.1 percent to $1.2148 at 9:02 a.m. London time. It was at 94.97 yen, from 95.03 yesterday.
Swedish Krona Strengthens After Unemployment, Confidence Data
Comments »Sweden’s krona climbed 0.49 percent against the euro to 8.4279 as of 9:42 a.m. in Stockholm, and gained 0.44 percent versus the dollar to 6.9359 after consumer confidence rose and unemployment increased less than estimated.
Citigroup Sees 90% Chance That Greece Leaves Euro
Comments »Citigroup Inc. (C) said there’s now a 90 percent chance that Greece will leave the euro in the next 12 to 18 months, with prolonged economic weakness and spillover for the currency bloc.
In an analyst note, Citigroup updated its forecast for a Greek exit from the 17-nation currency union from a previous estimate of 50 percent to 75 percent, and said it would most likely happen in the next two to three quarters. Specifically, the bank assumes a Greece exit would occur on Jan. 1, 2013, while saying that is not a forecast of a precise date.
Canon Declines Most In Three Years As Profit Forecast Cut
Comments »Canon Inc. (7751), the world’s largest camera maker, plunged the most in more than three years in Tokyo after cutting its full-year profit forecast because of a stronger yen and expectations for weaker global growth.
The shares declined 7.8 percent to close at 2,470 yen, the most since November 2008. The benchmark Nikkei Index gained 0.9 percent. Canon shares have declined 28 percent this year.
