Tuesday, November 25, 2014

Google engineers say renewable energy won’t solve climate change

Can climate change be solved with technologies like wind and solar energy?

No, it can’t, according to a new report by two Google engineers, published by the Institute of Electrical and Electronics Engineers.

The two engineers worked on an ambitious renewable energy project at Google called “RE-C” – but the project failed, and they now say that existing technologies like wind and solar are too costly to stave off climate change.

“At the start of RE-C, we had shared the attitude of many stalwart environmentalists: We felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope,” their report reads...

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Friday, November 21, 2014

Loose-lipped ObamaCare adviser's predictions more bad than bold, analysis shows


Gruber Prediction: Premiums will go down

“What we know for sure the bill will do is that it will lower the cost of buying non-group health insurance,” Gruber told the Washington Post in November 2009.

Premiums rose due to ObamaCare by an average of 49 percent, according to a county-by-county analysis done by the Manhattan Institute, proving critics and insurance companies, who had said Gruber’s models were deeply flawed, correct.

“[ObamaCare] will result in individual market premiums increasing, not decreasing, as stated in the Gruber paper,” insurance company Wellpoint wrote in a 2009 paper.

Gruber had simply failed to consider key factors in the plan that Wellpoint correctly predicted would add "between 20 percent and 80 percent to the cost of premiums under reform.”

Specifically, Gruber's analysis assumed everyone would qualify for ObamaCare subsidies, the company determined. Gruber’s prediction before the Senate in 2009, that ObamaCare would guarantee “sizeable premium savings for [the] young" and that a family with income of $38,000 "would save, on average, $8,550," also failed to pan out, according to the Manhattan Institute analysis.

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Tuesday, November 18, 2014

Rejected Asian students sue Harvard over admissions that favor other minorities

By Maxim Lott | Published November 18, 2014 | FoxNews.com

Harvard University's affirmative action policies, which the school says are aimed at achieving diversity on the vaunted campus of Cambridge, discriminate against Asians who often can't get in despite having higher test scores and grade-point averages than black and Hispanic students who are accepted, according to a lawsuit filed Monday.

Edward Blum, who runs the Project on Fair Representation, which filed the suit on behalf of Asian students who were rejected by the school, said it is a clear case of favoring certain racial groups over others.

“Quotas and racial balancing are strictly against the law,” said Blum, whose group sued the University of Texas on behalf of a white applicant over its affirmative action admissions policies in a case that went to the U.S. Supreme Court last year.

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Thursday, November 13, 2014

Report: State budgets fudge numbers to hide massive debt

America's red ink runs much deeper than you think.

Aside from the nearly $18 trillion national debt, many state governments are looking at future budgets that are trillions of dollars in the red. And they've hidden the numbers by dramatically under-reporting that debt, according to a new report by the think tank State Budget Solutions.

The group looked at what are known as "unfunded liabilities" -- or debt states will owe down the road. It found a number of states are fudging their numbers -- big-time -- using tricks like assuming their stock investments will soar.

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