Showing posts with label Los Angeles Times. Show all posts
Showing posts with label Los Angeles Times. Show all posts

Saturday, May 30, 2015

Elon Musk's Growing Empire Is Fueled By Government Subsidies

Credit/Source
By Jerry Hirsch, May 30, 2015, Latimes.com

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.

And he's built those companies with the help of billions in government subsidies.

Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.

"He definitely goes where there is government money," said Dan Dolev, an analyst at Jefferies Equity Research. "That's a great strategy, but the government will cut you off one day."


Read the full story: www.latimes.com

Join us - become an Elderado today at: LarryElder.com

Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook

Friday, January 9, 2015

California's Bold Attack On Climate Change

Los Angeles Times, Jan. 8, 2015

Though the numbers are specific, what's left uncertain at this point is how California would reach such lofty goals, how much it would cost and whether it's even possible within the 15-year time frame. The governor's speech was appropriately a statement of grand vision, not a catalog of new regulations and funding schemes. But on Friday, when he unveils his budget proposal, we hope Brown will make the outlines of his plan, and the price, clearer.

Read more: www.latimes.com


Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook

Monday, January 5, 2015

LA Times's Matt Pearce Joins Parade Of Brown-Wilson Evidence Distorters

Tom Blumer, Jan. 4, 2015, Newsbusters

In the final three paragraphs of a "Year in Review" item at the Los Angeles Times on December 31 (HT Patterico), reporter Matt Pearce joined the long list of journalists who have failed to properly characterize the evidence in Michael Brown's death in Ferguson, Missouri in August. You had to know that distortions were coming based on the rest of the article content which preceded it. The most obvious giveaway was Pearce's description of Eric Garner's death on Staten Island.

Read more: www.newsbusters.org


Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook

Sunday, December 28, 2014

Well-Known Ferguson Activist Charged With Arson, Burglary

Javier Panzar, Dec. 27, 2014, Los Angeles Times

He was photographed walking arm-in-arm with noted public intellectual and activist Cornel West and was profiled by MSNBC, where he was quoted as saying that activists "have to come together as one and show them we can be peaceful, that we can do this. If not they’re going to just want us to act up so they can pull out their toys on us again.”

Read more: www.latimes.com


Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook

Tuesday, December 23, 2014

Sony Pictures Hack Fuels Speculation About Studio's Possible Sale

Meg James, Daniel Miller, and Yvonne Villarreal, Dec. 20, 2014, Los Angeles Times

"Major upheaval will occur at Sony," said Jeffrey Cole, director of the Center for the Digital Future at USC's Annenberg School. "This will reset the studio's relationship with Japan."

Wealthy Chinese investors also have made no secret of their interest in buying a Hollywood film studio.

Read more: www.latimes.com



Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook