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Thanks in part to a new tax credit put into place by Congress in October, owning your own wind turbine could be the next green trend. While it's true that wind power has taken off in the U.S. - adding more in new capacity to the electrical grid last year than any other power source - most of that increase comes from utility wind farms, vast fields of turbines more than 300 ft. (90 m) tall. For homeowners seeking renewable-energy sources, however, better-known solar power has always dominated. Home solar power currently generates 12 times as much energy...
...when Congress passed the bailout bill this fall, it added a 30% tax credit for small-wind projects, which Stimmel believes will enable the industry to grow 40% next year, even in a down market...
Faced with the choice of bailing out the ailing auto industry or letting it fail, Congress picked a brave third option: procrastination...
...From there, Reid and Pelosi detailed a series of hoops they expect the automakers to jump through to qualify for bridge loans from Congress. Ford, General Motors and Chrysler must present business plans to the House and Senate Banking Committees no later than Dec. 2. As part of that presentation, they must prove that, in the long run, they are "viable" companies that not only can repay whatever loans they receive but also can demonstrate that they won't need to come back and ask for more money. The two committees will hold hearings to vet the plans...
...Kicking the can down the road, however, isn't the kind of clarity Wall Street is looking for in these dire economic times. Coming a day after the Big Three CEOs' pleas on Capitol Hill dragged down the markets, Congress's muddled maneuvers on Thursday only made investors more anxious, pushing the Dow Jones down another 400-plus points and the broader S&P 500 index to an 11-year low. (See the Top 10 Dow Jones drops...