Lost in the hubbub following President Obama's climate agreement with China was a smaller bit of surprising environmental news Wednesday: the Department of Energy's loan program is expected to make money for taxpayers. Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government ... You can't avoid defaults when you lend money, though, and on balance, the loans are being repaid ... the loans and guarantees will earn at least $5 billion over 20 years or so, according to a Bloomberg article citing a single anonymous source.
Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government ...
You can't avoid defaults when you lend money, though, and on balance, the loans are being repaid ... the loans and guarantees will earn at least $5 billion over 20 years or so, according to a Bloomberg article citing a single anonymous source.
Outgoing Arkansas Gov. Mike Beebe says he is planning to pardon his own son for a decade-old pot conviction.
Cat lovers in Northern California are pouncing at the chance of spending time with feline company at a new cat cafe in Oakland. Cat Town Cafe is giving dozens of visitors a chance to mingle with furry friends while sipping coffee and nibbling on cat-themed cookies.
Cat Town Cafe is giving dozens of visitors a chance to mingle with furry friends while sipping coffee and nibbling on cat-themed cookies.
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