Bill O'Reilly Denies Clear Progress In Green
Energy

Criticizing President Obama for "remain[ing] enthusiastic about massive government investment in green energy," Fox News' Bill O'Reilly claimed that "the feds have not been able to make progress in the green area despite spending many, many billions of dollars." In fact, federal policy has driven improvements in energy efficiency and rapid growth in clean technology.

Federal Policy Has Spurred Clean Tech Boom, Efficiency Improvements

O'Reilly Claims "The Feds Have Not Been Able To Make Progress In The Green Area." On the June 6 edition of his Fox News show, Bill O'Reilly said "The President also remains enthusiastic about massive government investment in green energy," adding "Time after time after time green energy investments proved to be unworthy. The goal is worthy. But for whatever reason, the feds have not been able to make progress in the green area despite spending many, many billions of dollars." [Fox News, The O'Reilly Factor, 6/6/12]

Report: U.S. Clean Tech Has Grown Rapidly "Due In Large Part To A Substantial Increase In Federal Investment." In an April 2012 report, energy policy experts at the Breakthrough Institute, Brookings Institution, and World Resources Institute noted that federal support has driven a recent expansion in US clean tech sectors. The report warned that federal support "is now poised to decline precipitously ... raising the possibility of market turmoil ahead," and recommended policy reforms to provide more stable and effective incentives. From the analysis:

In recent years, US clean energy technology ("clean tech") sectors have grown rapidly, despite the economic turmoil gripping the nation. By the end of 2010, installed wind power capacity in the United States stood 60 percent above 2008 levels, while solar power capacity had increased 120 percent over the same period. The United States regained global market share in advanced battery and vehicle segments, and construction commenced on the first new US nuclear reactors in decades. Robust expansion can be observed across virtually all segments of the clean tech sector, with total employment across clean technology segments growing 11.8 percent from 2007 to 2010, a period when overall US employment was stagnant (Figure 1). US renewable energy and energy efficiency segments alone attracted $48 billion in investment in 2011, up 42 percent from 2010 and over twice as high as 2009 levels. This recent expansion of clean tech segments is due in large part to a substantial increase in federal investment and policy support.

[...]

Though current subsidies could be better optimized to drive innovation (see discussion in Part 3), many clean tech companies have nonetheless achieved significant technology improvements in recent years, often with the assistance of these federal programs. Federal support for clean energy technologies has fostered market competition and improvements in technology and/or manufacturing efficiencies in areas like advanced batteries and vehicles, solar panels, and wind turbines, and other technologies. [Breakthrough Institute, Brookings Institution, World Resources Institute, April 2012]

Cost of Solar Panels Has Dropped Significantly And Solar Installations Have Soared. The following chart from ScientificAmerican.com shows how the cost of solar photovoltaics has dropped since 1980:

[ScientificAmerican.com, 3/16/11]

The following chart from the Solar Energy Industries Association shows solar electric capacity installations through 2010:

[SEIA, accessed 6/8/12]

U.S. Wind Power Capacity Has Expanded Considerably. The following animation from the Department of Energy shows the growth of installed wind capacity in the U.S. since 1999:

[Department of Energy, accessed 6/8/12]

Wind Turbine Manufacturing Has Grown 12-Fold. A letter from over 350 coalition members including the National Association of Manufacturers, the American Farm Bureau Federation, and the Edison Electric Institute states that "US wind turbine manufacturing has grown 12-fold" since 2005 and "costs have been reduced over 90% since 1980":

Equipped with the PTC [Production Tax Credit], the wind energy industry has contributed impressively to U.S. economic development. Since 2005, the wind industry has spurred more than $60 billion of investment. Today, over 400 facilities across 43 states manufacture for the wind energy industry. US wind turbine manufacturing has grown 12-fold - 60% of a wind turbine's value is now produced here in America, as compared to 25% prior to 2005. Further, costs have been reduced over 90% since 1980, recently driven by a surge in game changing technological advances. In the last four years, wind energy has provided 35% of all new U.S. power capacity.

Yet despite its clear success, the PTC has been allowed to expire frequently and is again set to expire at the end of 2012. Now is not the time to increase taxes on wind energy. The PTC should be extended for at least another four years so that American know-how can keep producing domestic clean energy. [National Association of Manufacturers, 11/17/11]

Clean Energy Jobs Grew More Than Twice As Fast As The Rest Of The Economy Between 2003-2010. According to a Brookings Institution study, clean energy segments (including biofuels, geothermal, solar photovoltaic, solar thermal, wind and others) grew at an average annual rate of 11.1 percent between 2003 and 2010, while the national economy grew by 4.2 percent annually. The report said these segments "added jobs at a torrid pace, albeit from small bases." [Media Matters, 9/30/11]

Federal Support Has Been Key In Creating American Advanced Battery Industry. From a July 2010 Christian Science Monitor article on "the $2.4 billion the Obama administration has funneled to the advanced battery industry":

The huge federal investment has single-handedly vaulted the US toward becoming the globe's major supplier of advanced batteries for plug-in vehicles. Government funds have helped to finance 26 of 30 electric-vehicle battery and component plants now under construction - including nine lithium-ion battery manufacturing plants. Four of the nine are expected to be producing batteries by year's end.

By 2012, those 30 factories will have enough capacity to supply 20 percent of the world's advanced vehicle batteries, according to a new report by the US Department of Energy. That share could rise to 40 percent by 2015.

"There's no question this federal investment has given US battery manufacturers a huge push in the right direction," says Vishal Sapru, industry manager for energy and power systems for Frost & Sullivan, a market research firm. "The funding has contributed significantly to giving the US at least a chance to play in this arena." [Christian Science Monitor, 7/15/10]

Fuel Economy Standards, Biofuels Have Helped Drive Down Oil Imports. According to the Energy Information Administration, "U.S. dependence on imported oil has dramatically declined since peaking in 2005." From EIA:

There is no single explanation for the decline in U.S. oil import dependence since 2005. Rather, the trend results from a variety of factors. Chief among those is a significant contraction in consumption. U.S. oil product deliveries declined by 1.7 million barrels per day (bbl/d) to 19.1 bbl/d in 2010, from 20.8 million bbl/d in 2005. This decline partly reflects the downturn in the underlying economy after the financial crisis of 2008. Not surprisingly, demand has bounced back somewhat from a low of 18.8 million bbl/d in 2009, when the U.S. economy bottomed out. But the downward trend in consumption started two years before the 2008 crisis and reflects factors such as changes in efficiency and consumer behavior as well as patterns of economic growth. Shifts in supply patterns, including increases in domestic biofuels production, NGL output and refinery gain, also played an important role in moderating import dependence.

[...]

The EIA expects that the moderating trend in U.S. oil-import dependence to go on in the next decade. But the mix of factors responsible for it looks likely to evolve. In particular, EIA projects that continued improvements in energy efficiency, driven in part by tighter fuel economy standards, will prove increasingly important in moderating future demand growth, offsetting the upward impact of economic recovery. [Energy Information Administration, 5/25/11]

National Research Council On Federal Efficiency R&D: "The Benefits Substantially Exceeded Their Costs." From the National Research Council's July 2001 evaluation of federal investments in energy efficiency R&D dating back to 1978:

DOE made significant contributions over the last 22 years to the well-being of the United States through its energy efficiency programs. These programs led to important realized economic benefits, options for the future, and a bank of scientific knowledge. The benefits substantially exceeded their costs and led to improvements to the economy, the environment, and the energy security of the nation, as indicated below.

The realized cumulative net economic benefit to the nation of a few advanced technologies to which EE [energy efficiency] was a major contributor in the form of R&D or demonstration were found by the committee to be in the range of $30 billion in 1999 dollars (the calculation considers investments made by DOE and other sponsors, including industry). The benefit dwarfs the approximately $7 billion 1999 dollars of investment in energy efficiency R&D over the history of DOE (22 years). [National Research Council, 7/17/01]

A Comprehensive Energy Policy Would Yield Even More Progress

CBO: Taxing Fossil Fuels Would Be "The Most Direct And Cost-Effective Method." From a March 2012 issue brief by the nonpartisan Congressional Budget Office on federal support for energy development:

Without government intervention, households and businesses do not have a financial incentive to take into account the environmental damage or other costs to the nation associated with their choices about energy production and consumption. The most direct and cost-effective method for addressing that problem would be to levy a tax on energy sources that reflects the environmental and other costs associated with their production and use. Subsidies (such as tax preferences) for favored technologies can accomplish some of the same goals, but in a less cost-effective way. 

Also, unless the government intervenes, the amount of research and development (R&D) that the private sector undertakes is likely to be inefficiently low from society's perspective because firms cannot easily capture the "spillover benefits" that result from it. That is particularly true at the early stages of developing a technology. Such research can create fundamental knowledge that can lead to numerous benefits for society as a whole but not necessarily for the firms that funded that research; thus government funding can be beneficial. [Congressional Budget Office, March 2012]

Report: U.S. Policies Lack Transparency, Longevity And Certainty. From a recent report by Deutsche Bank Climate Change Advisors:

Countries with more 'TLC' - transparency, longevity and certainty - in their climate policy frameworks will attract more investment and will build new, clean industries, technologies and jobs faster than their policy lagging counterparts. This is particularly evident in countries such as Germany and China, who have emerged as global leaders in low carbon technologies and investment in recent years.  In stark contrast, a politically divided US Congress and vast budget deficit has resulted in very little significant regulation at the Federal level, with substantial implications for emerging clean technology industries in the US.  This climate policy inertia has existed for some time in the US now, with activity on this front largely taking place at the state level. We have long argued that the states must continue to press ahead with climate legislation, but a negative effect of this trend is a patchwork of inconsistent state policies.  The net effect is that while Congress stumbles, the US stands to fall behind. [Deutsche Bank, 7/25/11]

Other Nations Benefit From "Comprehensive And Long-Term" Strategy. From a Brookings Institution report:

China now leads the world in clean economy deployment. By the end of 2010 its 103 gigawatts of installed renewable energy generation capacity was more than double that of U.S. installations.

What explains China's success in rapid clean economy build out?

A huge part of the answer has to do with China's ability to channel vast sums of affordable capital into innovative large-scale deployment projects--something that the U.S. continues to struggle with. The numbers speak for themselves. In 2010, China put into place a staggering $54.4 billion in clean energy investments. Of this, asset financing--funding for hard assets like wind farms and solar arrays--accounted for more than $47 billion of the total. By contrast, U.S. private investment in clean energy totaled $34 billion, with just $21 billion or so in asset finance. Now the gap is widening further, with Chinese asset finance investment in Q1 2011 clocking in $10.9 billion as compared to just $2 billion in the United States.

What is China's secret in ensuring deployment finance? China has been inordinately successful in mobilizing large volumes of low-cost capital through its state-owned banks and other financial institutions. Clean energy projects have received preferential access to bank loans at interest rates far below what is available in other countries. Moreover, state-owned enterprises, especially the "Big Five" power companies, have been major investors across a broad range of energy conservation, pollution control, and renewable energy projects. For instance, China Guodian Corporation--one of the Big Five--recently announced a plan to invest $3 billion over the next five years in a variety of clean energy projects, including thermal, wind, natural gas, and biomass power stations in southwest China.

But that is only part of the story. Critical to China's success is its articulation of a comprehensive and long-term state clean energy build out policy that sends clear signals to investors. Through its 12th Five Year Plan, China has identified "new energy" as one among seven "strategic emerging industries" and will invest $760 billion over the next 10 years in this sector alone. A range of complementary policies will guide these investment decisions, including the Renewable Energy Law, national demand-side management regulations, and pilot carbon taxes, among others. China has swiftly made itself a clean energy power, in large part by ensuring the availability of copious, affordable capital at a time it has been short in the United States. [The Brookings Institution, 2011, emphasis added]

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'Stand Your Ground' Gets A Close Look

The U.S. Commission on Civil Rights on Friday voted to look into whether 'stand your ground' laws across the country are racially biased. [...]

Read The Full Article:
http://feedproxy.google.com/~r/Talking-Points-Memo/~3/ESTEKClSgCE/stand_your_grou
nd_gets_a_close_look.php

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The Charlie Sheen Comeback, On Sale Now In
Rolling Stone

A year ago, when Charlie Sheen was melting down for fun and profit on his post-Two and a Half Men tour, Rolling Stone wrote this about him:

Staring failure in the face and calling it “winning” ? that’s the closest thing we have to an American religion. It’s the native tradition, from Captain Ahab in Moby-Dick to Ron Burgundy in Anchorman. And if that’s our religion, Charlie Sheen is our Vatican assassin warlock. Lots of us can look back on ruined lives, lost jobs, squandered fortunes. But to look back on it all and shrug, “I’m tired of pretending I’m not a total bitchin’ frickin’ rock star from Mars”? That’s up there with Ahab threatening to strike the sun if it insults him.

Now, in the same magazine’s pages, in a Q&A that’s out in print today and that I’m looking forward to getting my hands on, he’s singing a rather different tune: “Clearly, a guy gets fired, his relationships are in the toilet, he’s off on some fucking tour, there’s nothing ‘winning’ about any of that. I mean, how does a guy who’s obviously quicksanded, how does he consider any of it a victory? I was in total denial.” Of course, he also says “I mean, the shit works. Sorry, but it works. Anyway, I don’t see what’s wrong with a few drinks. What’s your drink? Tequila? Mine’s vodka. Straight, because I’ve always said that ice is for injuries, ha ha.” And this week, he melted down, cursing out a security guard at the Staples Center in Los Angeles.

I remain curious to see Sheen’s new show, Anger Management, if only to see if FX president John Landgraf, who said he accepted the pitch because he was convinced Sheen wanted to reexamine his life and his relationships with women, is right. But there is something wearying about this kind of cycle: a fall from grace, a spectacular burnout, a withdrawal, and a reemergence. As with Britney Spears’ return to music-making, touring, and now acting as a judge on the X Factor, Sheen’s semi-contrition tour feels like recovery as a product, as a means of restoring the value of a profitable franchise. I’m queasy about the repackaging of the wrenching, non-linear processes that are recovery and reinvention into a consumable format.

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Midday open thread

• Today's comic by Matt Bors is Don't be a zombie:
  

• Daily Kos at Netroots Nation News and Notes:

We're celebrating Daily Kos' 10th anniversary this week at the Netroots Nation convention. We'll be giving away merchandise all week and closing out the convention with the annual Daily Kos Party. How can you get in on the celebration?

• "Like" us on Facebook and check into the Daily Kos Lounge event on Facebook. We?ll be drawing random winners all week from Facebook and Daily Kos commenters.
• Want to make the most of polling data? Here?s your chance to ask polling experts from academia, news and public opinion organizations your questions Saturday June 9, at 3 PM ET at Netroots Nation in Ballroom D at the convention center, and discuss where polling is going, what it can tell us, and what you need to know about parsing the polls. The livestream will be carried here.
• Check out the Daily Kos Comics panel "The Future of Political Cartooning" at the Community and Exhibit Hall Stage on Saturday from 10:30 AM-11:45 AM, featuring Tom Tomorrow, Jen Sorensen, and Matt Bors. Tom Tomorrow will be signing books and giving away t-shirts after the panel.
• Join us at a meet and greet featuring Sens. Ben Cardin, Sheldon Whitehouse, and Sherrod Brown on Saturday, June 9, at 12:45-1:30 PM in the Daily Kos Lounge at the Exhibit Hall.
• Tune in this week for the launch of Daily Kos Radio. Hosts David Waldman (KagroX), Jesse LaGreca, and Armando Llorens will be broadcasting live from the Daily Kos booth in the exhibit hall, discussing all the latest political news and interviews throughout the week. Check the Daily Kos Radio group for more information.
• And last, but not least, join us Saturday, June 9, for a waterfront block party at The Whiskey Republic, 515 South Water Street. Celebrating the 10th anniversary of Daily Kos, we'll party with a DJ, dancing, and a complimentary open bar. Doors open at 9:30 PM. A convention credential or Daily Kos sticker (available at the Daily Kos booth) is required for entry. Space is limited, so come early and stay late! (Must be 18 or older for entry.) Check in on Facebook when you arrive and you?ll be eligible to win free Daily Kos gear! Stay tuned for info on a parade to the party!

• What's coming up on Sunday Kos ...
  

• Daily Kos Radio: Kagro in the morning, by Armando
• Tom Harkin's Rebuild America Act echoes New Deal legislation, by Meteor Blades
• The California 'top two' open primary format: A postmortem, by Steve Singiser
• Mitt Romney, going the full-Breitbart, by Dante Atkins
• Climate denial: The GOP war on science should be the Democrats' greatest political weapon, by Laurence Lewis
• Union basics the media often gets wrong?and ways right-wing messaging sneaks into labor coverage, by Laura Clawson
• Fighting for reproductive justice, by Denise Oliver Velez

• Second warmest May on record:

  According to NOAA scientists, the average temperature for the contiguous U.S. during May was 64.3°F, 3.3°F above the long-term average, making it the second warmest May on record. The month's high temperatures also contributed to the warmest spring, warmest year-to-date, and warmest 12-month period the nation has experienced since recordkeeping began in 1895.

  The spring season's (March-May) nationally averaged temperature was 57.1°F, 5.2°F above the 1901-2000 long-term average, surpassing the previous warmest spring (1910) by 2.0°F.

• Suicides of active service members at 10-year high:

  In the first 155 days of 2012 there was 154 suicides among active troops, around 50% more than the number killed in action in Afghanistan, according to Pentagon statistics obtained by Associated Press. This is the highest number in 10 years.

  The numbers reflect the burden of conflicts in Iraq and Afghanistan, according to experts. The military is also struggling with increased sexual assaults, alcohol abuse, domestic violence and other problems.

  Those with multiple combat deployments are at the greatest risk.
• Meanwhile, scientists are saying the world may be reaching a tipping point:

  In a paper published in Thursday's edition of the journal Nature, 22 researchers from a variety of fields liken the human impact to global events eons ago that caused mass extinctions, permanently altering Earth's biosphere. [...]

  "The net effects of what we're causing could actually be equivalent to an asteroid striking the Earth in a worst-case scenario," the paper's lead author, Anthony Barnosky, a professor of integrative biology at UC Berkeley, said in an interview. "I don't want to sound like Armageddon. I think the point to be made is that if we just ignore all the warning signs of how we're changing the Earth, the scenario of losses of biodiversity ? 75% or more ? is not an outlandish scenario at all."

• S.H.A.M.E.?Shame the Hacks who Abuse Media Ethics?is a transparency project of long-time firebrand investigative journalists Yasha Levine and Mark Ames. The new website targets corporate shills and manipulators. First up Malcolm Gladwell and Steve Leavitt.
• Koch Brothers seek to sell their a hunk of their tar sands assets in Alberta. Needing the extra bucks, perhaps, to replenish their cache of independent-but-not-really campaign contributions.
  

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House Judiciary Chair Likely To Block Ban On
Discrimination Against Gay Jurors

Earlier this year, Rep. Steve Rothman (D-NJ) introduced a bill that would prevent attorneys from removing jurors from a jury pool because they are gay — a right that gay jurors should already enjoy under the Constitution’s guarantee of “equal protection of the laws.” The bill, however, now appears likely to die in committee, as House Judiciary Chair Lamar Smith (R-TX) announced that he has “no plans to move the bill at this time.”

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Governor Christie Cheers Firing Of Public
Employees: ‘That’s The Right Direction’

During a press conference Friday, President Obama noted accurately that layoffs at the state and local government level have hurt the economy as it slowly recovers from the Great Recession. “The big challenge we have in our economy right now is state and local government hiring has been going in the wrong direction,” he said.

Later in the day, New Jersey Gov. Chris Christie (R) responded by saying that the firing of government workers means things are going in “the right direction,” as reported by CBS’ Rebecca Kaplan:

Christie just went after Obama for presser line about state and local hiring not being high enough. “That?s the right direction,” he says.

— Rebecca Kaplan (@Rebecca_CBSNJ) June 8, 2012

The public sector has shed more than 700,000 jobs since President Obama took office, making it the worst three year stretch for public employment since records have been kept. And it’s in Republican states that the bulk of the cutbacks occurred. If the public sector had grown over that period at the same rate that it grew under Republican Presidents Ronald Reagan and George W. Bush, the unemployment rate would be a full point lower.

Christie is not along amongst the GOP in calling for laying off more public sector workers, despite the detrimental effect that it has on the economy. In fact, GOP Rep. Jeb Hensarling (R) responded to the latest jobs report, which was disappointing by all accounts, by claiming that public sector job growth was harming the recovery.

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Suicides Rate In Military At Highest Level In Ten
Years

NATO combat operations in Afghanistan are expected to draw to a close by the middle of next year and the U.S. completed its withdrawal of troops from Iraq last December. But while fewer American soldiers are in the line of fire each day, new Pentagon statistics show that an average of one military suicide occurred each day in the first six months of 2012, the fastest pace in the past ten years.

The statistics reported by The Associated Press show that military deaths from suicide outweighed combat deaths by a two-to-one ratio, a dramatic uptick since 2010 and 2011 when military suicides decreased from previous years. See the chart below:

The 154 suicides for active duty troops in the first 155 days of 2012 raises serious questions about why military suicide rates have surged in the first half of 2012. Studies conducted by the Defense Department suggest that soldiers with multiple combat tours are more likely to commit suicide and other studies have found that combat exposure, post-traumatic stress, misuse of prescription medications and personal financial problems can all contribute to military suicides.

A report released last year [PDF] by the Center for a New American Security (CNAS) found that while the military and the Veterans Authority have taken admirable steps to improve suicide prevention and mental health counseling services but serious obstacles remain. They include:

Frequent personnel transfers complicate efforts to provide consistent mental health services.

Personnel transfers occuring quickly after return from deployments hampers efforts to identify mental health conditions in the post-deployment period.

Commanders are not always aware when subordinates are the subject investigation, an event which is sometimes a suicide trigger.

Soldiers are sometimes encouraged to provide untruthful answers in post-deployment mental health screening questionnaires.

A cultural stigma against mental health care persists in the armed forces.

Last month, Secretary of Defense Leon Panetta sent an internal memo to the Pentagon’s top civilian and military leaders addressing the stigma associated with seeking helping for mental distress in the military.

“We must continue to fight to eliminate the stigma from those with post-traumatic stress and other mental health issues,” Panetta wrote, adding that commanders “cannot tolerate any actions that belittle, haze, humiliate or ostracize any individual, especially those who require or are responsibly seeking professional services.”

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Over 100 Religious Leaders in Minnesota Unite to
Defeat Anti-Gay Legislation On November Ballot

120 religious leaders of diverse faiths announced the formation of the Clergy United for All Families, a new group which would work to defeat a proposed marriage amendment on the November ballot in Minnesota. The anti-gay amendment, which is supported by the religious right and the Roman Catholic Church, would define marriage in the Minnesota state constitution as between one man and one woman and kill any possibility of marriage equality in the state. A member of the new coalition, pastor Kelly Chatman from the Redeemer Lutheran Church stated that “the world is created by God and it is a place where everybody deserves to feel safe and belong and marriage is one of the ways we live that out in our world, and everyone should have that right.”

-Angela Guo

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Stopped and Frisked There's an App for That

The New York Civil Liberties Union has developed a new smartphone app called ?Stop and Frisk Watch,? which will empower smartphone users in New York ?to hold the NYPD accountable for unlawful, abusive street stops and other misconduct." Simply pushing a trigger on the phone?s frame will allow you to record, a "Listen" function alerts the user when people in their vicinity are being stopped by the police, and "Report" prompts an incident report, which allows users to report a police interaction they saw or experienced, even if they didn?t film it.

Here's a tutorial for the app, which is available now for Android and in July for iPhone. Happy policing the police!

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Byron King: Companies Must Pay Dividends to Make
Top-10 Gold List

The Gold Report: Among the 14 investments in your Outstanding Investments portfolio of precious metals companies and funds, there are 10 companies and 4 funds. All 10 companies have market caps above $1 billion. How did you select them?

Byron King: Let me answer the question by referring to something that Chuck Noll said when he coached the Pittsburgh Steelers in the 1970s. Every year, during the National Football League draft, people would ask him what position he was going to draft for. Noll’s answer was that he didn’t draft for position; he looked for the best all-around player.

I … [visit site to read . . . → Read More: Byron King: Companies Must Pay Dividends to Make Top-10 Gold List

Read The Full Article:
http://jutiagroup.com/20120608-byron-king-companies-must-pay-dividends-to-make-to
p-10-gold-list/

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