California will remain in the stranglehold of drought at least until September, even as a climate system in the tropical Pacific Ocean that would have brought rainfall to the parched state appears to be weakening, according to the National Oceanic and Atmospheric Administration’s monthly climate update released yesterday.
Weather watchers had been hoping that an El Niño, which occurs when an area of the tropical Pacific Ocean warms by at least 0.5 degrees Celsius above normal, would bring moisture to the West Coast
A whopping 80 percent of survey respondents expressed a willingness to pay at least something to better maintain and improve California’s infrastructure, including paying increased gas and property taxes. Where respondents varied was on how much and by what method everyone should pay. 21 percent of survey takers felt tying who pays to who uses the infrastructure would be the most fair.
Radioactive isotopes from Japans Fukushima nuclear disaster turned up in bluefin tuna caught off California in August, a new study reports. The 15 fish that were tested contained 10 times the background levels of radioactive cesium, including a short-lived isotope that the fish must have absorbed while swimming in contaminated waters near Japan before migrating east across the Pacific.
The first rule is...
…we once again get a reminder that life in the real economy, there were people can not just print their way out of trouble, practical issues such as reality still matter.
Posted in News and Views
Tagged banks, business, california, cuts, Depression, economic crisis, economy, financial crisis, financial institutions, money, Recession, small business, taxes
|California Clean Energy Manufacturers Will Receive $30 million
|The California Energy Commission today released the applications for the Clean Energy Business Financing Program (CEBFP), making available more than $30 million in low-interest loans to eligible California clean energy manufacturing businesses. The CEBFP will use American Recovery and Reinvestment Act (Recovery Act), State Energy Program (SEP) funds for 2.75 percent interest rate loans to private companies to reduce energy use, increase renewable energy generation, and create and retain California jobs.
“These loans for small business clean energy manufacturers will create jobs and upgrade our aging infrastructure,” said Governor Schwarzenegger. “California is paving the way for a new economic foundation for the 21st century, showing once again that what benefits the environment can also benefit the economy.”
Loans to qualifying applicants will range from $50,000 to a maximum of $5 million and may be used to expand or retool existing facilities for the manufacturing of eligible energy efficiency or renewable energy products, components, systems and technologies. Loan funds are also available to successful applicants for projects generating either new production or expanded production of biomethane gas from biomass that is direct-injected into natural gas transmission lines.
“What these clean energy entrepreneurs require is affordable capital – private and public funding that keeps jobs and manufacturing in California and strengthens the state’s economy,” said California Energy Commission Chairman Karen Douglas. “These low interest loans will help manufacturers to produce their renewable or energy-efficient products, benefiting Californians and recouping some of our state’s lost manufacturing jobs.”
From Michael Gonzalez at the Governor’s Office of Economic Development:
The CA i-HUB initiative is designed to promote collaboration, create employment opportunities, shorten the commercialization process
and attract funding for technology. Our new colleague, Katy McKenzie, is the Assistant Deputy Director for Innovation at our office and will be the primary contact for the CA iHub Initiative. For more information about the program as well as the guidelines for Round II, please see the attached pdf files or visit our website at business.ca.gov.
*****Round II offers two application deadlines. Applications can be submitted on either May 20 or July 22!*****
Please send any questions about this initiative to email@example.com.
Round II iHub Guidelines GoED Guidelines Release, 4.22.10