Investment in failed solar firm Solyndra raises questions about nonprofit’s purpose
Posted in Main Blog (All Posts) on September 28th, 2011 4:36 am by HL
Investment in failed solar firm Solyndra raises questions about nonprofit’s purpose
Six years ago, Senate Finance Committee investigators mounted an inquiry into an exotic variety of nonprofit organization that they feared affluent families were using to warehouse wealth while simultaneously earning themselves lucrative tax breaks.
One nonprofit group singled out for scrutiny was a low-profile organization based in Tulsa. That group, the George Kaiser Family Foundation, later became the biggest investor in Solyndra, the solar company that collapsed last month after burning through a half-billion dollars in taxpayer money.
Promoting jobs bill in Denver, Obama highlights $60 billion for schools
DENVER — As he has barnstormed the country to promote the American Jobs Act, President Obama has made the case that spending money now will pay off later for the United States’ global productivity and competitiveness. And one of the biggest investments he is proposing comes in education.
Obama’s $447 billion jobs package includes $30 billion to renovate high schools and community colleges nationwide, and an additional $30 billion to help local jurisdictions hire and retain teachers.
Budget chief won’t rule out more sacrifice for federal workers
Federal workers could be asked to sacrifice more than they already have to help reduce the deficit, budget chief Jack J. Lew said Tuesday.
“I can’t say nothing else will happen regarding the federal workforce,” Lew said in remarks at the nonprofit Partnership for Public Service in Washington, where he was speaking to agency managers about how to cut the size of government.
