To: Wharf Rat who wrote (215532 ) 8/31/2011 2:19:22 PM From: No Mo Mo Read Replies (1) | Respond to of 361184 "Where's the bold? WTF is a bowl of extra hot chili with extra hot onions on top? Doesn't he have any fight? Why did I ask that? Dumb Rat. But I digress. Not passing a 10 million jobs plan is a lot better than not passing a one million jobs plan. CCC WPA REA (with for broadband). Come on. Give me a break. You can hire 5 people to spend 2 weeks putting solar panels on the WH. 3 more weeks doing it at Camp Davy. Do it. Just fucking do it." Ooooof. Sad as it seems, we're going 180 degrees in the wrong direction. O visited this plant last year. A friend of mine sells (sold) components to Solyndra. He said their technology was simply amazing. They developed a way to refract sunlight along a cylinder increasing the surface area where you capture the energy. The Chinese copied it and drove costs down to the point where it appears Solyndra couldn't compete. EDIT: This bankruptcy will look especially wonderful if he turns around and signs off on the Alberta Oil Sands pipeline. foe.org -------------------------------------------------------------------------------------------mercurynews.com Fremont solar tech firm Solyndra to shut down, lay off 1,100 workers Mercury News Solyndra , a Fremont solar tech manufacturer, announced Wednesday it is suspending operations and immediately laying off 1,100 employees. The company said it will also file for bankruptcy. "Despite strong growth in the first half of 2011 and traction in North America with a number of orders for very large commercial rooftops, Solyndra could not achieve full-scale operations rapidly enough to compete in the near term with the resources of larger foreign manufacturers," the company said in a statement. The company said it plans to file for Chapter 11 bankruptcy while it evaluates options, which include a sale and licensing of its technology. Solyndra was founded in 2005 by Chris Gronet, who earned his Ph.D. at Stanford University and veteran of Applied Materials. President Barack Obama held it up as a poster child for clean energy, saying during a 2010 visit to its headquarters that "companies like Solyndra are leading the way toward a brighter and more prosperous future." Despite having raised more than $1 billion in venture capital and receiving a $535 million loan guarantee from the Department of Energy, Solyndra struggled. One reason for its woes is that low-cost Chinese manufacturers are building massive factories that have rapidly driven down the price of solar panels and shifted more than 50 percent of production to China. "It is, unfortunately, about time -- and how sad," said Paula Mints, a solar analyst at Navigant Consulting in Palo Alto. Mints said she was not surprised by the news because Solyndra's manufacturing costs have always been high.