Word: grid
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...California may be the best example to illustrate why the stimulus package will be "slow acting". It has among the highest unemployment rates. The infrastructure programs available for California would include broadband expansion, IT enhancement, and energy grid enlargement. The regulatory environment in California has always been strict. Almost all the federal government stimulus packages will require approval, likely from multiple bureaucracies in this state. This alone means that the economic crisis in the Golden State cannot be mitigated in any serious way until well into...
...Beginning projects for expanding the electrical grid for alternative energy requires everything from relocating workers, obtaining local permits, and drawing up the plans designed by engineers. The goal of the program is noble, as are the goals of creating better access to broadband and building more modern schools. None of these programs can be set up quickly enough help stanch the outflow of jobs...
...What is clear is that none of the jobs the government is trying to create would exist in a deep recession. The normal course of the economy would get the building of bridges done as the capital became available. The same holds true for adding to the energy grid or creating new broadband wiring. In a stable economy, private enterprise would get around to this work based on private capital seeing a need and potential profit...
Overall, there's some good stuff in here: smile, mentor someone, drive slower, conserve gas. Steer clear of the last 20 seconds, though. Fifty celebrities pledging in unison to serve our new President from an elaborate Brady Bunch grid is creepy. A little cultish even...
...that $825 billion, Democrats said, $54 billion would go toward renewable power production, improving energy efficiency and upgrading the country's antiquated electrical grid; that includes $20 billion dedicated to tax credits to the alternative energy industry, like solar and wind, which often still needs subsidies to compete with fossil fuels. "It's an intensely Darwinian environment for small-scale solar," says Arno Harris, the CEO of Recurrent Energy, a San Francisco solar project developer. (See the top 10 green ideas...