Word: plan
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...innovative is a proposal from Microsoft founder Bill Gates to redirect or shrink hurricanes by cooling the waters where they are generated. Since hurricanes gather strength over tropical waters such as the Caribbean and the Gulf of Mexico, cooling them would weaken the storms before they made landfall. The plan calls for huge ocean-going tubs that would use waves and turbines to push down the hotter surface water while sucking up the cooler water from below. (See an interactive graphic on the worst natural disasters in U.S. history...
...dealer floor plan all at sea? Darren Plymale, the general manager at Galati Yacht Sales in Tampa Bay, Fla., says many dealers are probably consumed with taking care of their customers and don't have time for the hefty application required. A dealership has to be worth less than $8.5 million to qualify. Plymale's dealership is too large to qualify, but he worries the program is too complex and cumbersome for those who do. "I have some great industry relations, and I don't know anybody that has applied for it and taken advantage of it," he says...
...even dealership owners whose legislators pushed the program don't plan to use it. Tom Whowell, who owns Gordy's Boat Dealership in Lake Fontana, Wis., says he received some information and knows of one dealer who might go forward with an application, but said he "didn't get the impression from my talks with my peers that many of them or any them were using (the plan)." (Read "Small Business: Tales of Triumph and Turmoil...
...director of the Center for Economic Policy and Research said that although the financing program leaves some of the risk on the lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this sector?" he says. "I'm very hesitant to say that's a good use of public funds at this point...
...House gave 85% of those allowances away to industry. It also dramatically reduced the requirements Obama had originally sought for how much of the nation's electricity needed to be renewable - from 25% in 2025 to 15% by 2020, a concession to the coal industry. (Read "Will the Public Plan Make or Break Health Reform...