Word: california
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...think the billions in government subsidies for automobiles are all flowing to Detroit. The U.S. Department of Energy (DOE) is ready to loan nearly $1 billion to Tesla Motors and Fisker Automotive, two fledgling automakers with deep roots in Silicon Valley and Southern California...
...young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists and political figures such as Speaker Nancy Pelosi and Senator Barbara Boxer, both California Democrats, while Fisker's owners include Kleiner Perkins Caufield & Byers, one of Silicon Valley's most successful venture-capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs...
...next challenge for his handlers: should they risk the reputation of the horse, owned by a Hong Kong businessman, at next month's Breeders' Cup Classic in California? After Dancing Brave won the Arc in 1986, the English-trained horse's career ended on a disappointing note at the same U.S. track. Besides, Sea the Stars, foaled by American mare Urban Sea, herself an Arc winner in 1993, could be worth $160 million if he is retired to stud. (Read "Sports: Furlongs Behind...
...including himself, would argue that Bradley Birkenfeld, 44, is a saint. The former UBS private-banking executive hasn't hidden the fact that he once bought diamonds with illicit money in Europe and then spirited them to California stuffed in a toothpaste tube, all part of an effort to conceal $200 million in assets on which his client - the Russia-born, California-based real estate mogul Igor Olenicoff - owed $7.2 million in U.S. taxes. But at the same time, almost no one in the U.S. government would deny that Birkenfeld was absolutely essential to its landmark tax-evasion case against...
Blackburn is currently a professor of biology and physiology at the University of California, San Francisco...