Leaked: The Internet must go!

Hey! Are you on the internet right now? Of course you are! Then you should definitely check out this amazing video about what the internet companies are planning. This move could hurt both consumers and content creators--but of course would be a huge windfall for internet providers.

How weathly are Americans?

The disparity in wealth between the richest one percent of Americans and the bottom 80 percent has grown exponentially over the last thirty years — but the video, posted by user politizane and relying on data from a popular Mother Jones post, focuses on the difference between the ideal disparity that Americans would like to see and the reality.

Tax the Rich

So long! It's been fun.

Dear listeners,

In July 2011 I started a new job teaching Italian at Kansas State University. In some ways this was a return to my roots, as I taught English as a Foreign Language for 17 years in Italy. Now I am teaching English speakers Italian. I've come full circle.

This coming full circle also means the end of an attempt on my part to start a new career in my 50s. Sadly, as much as I tried to bring community radio to Manhattan, I was not successful. So I have decided to dedicate my energy and time to my first love, being an educator.

The archive of my shows will remain active - there's a lot of great content in the shows. So I hope you continue to listen and enjoy them.

Once again thank you for your support and encouragement over the five years the show was on the air. I know many feel that my program needs to be on the air and I agree with you that a diversity of voices is sorely lacking in the local media. But alas, it is not I who will bring that diversity. It will have to be someone else.

Christopher E. Renner

06 March 2008

Loans Program for Rural Coal Plants Shelved

The Associated Press, Wednesday 05 March 2008
To view original click here
US agency cites climate change and construction costs.

Billings, Mont. - The federal government is suspending a major loan program for coal-fired power plants in rural communities, saying the uncertainties of climate change and rising construction costs make the loans too risky.

After issuing $1.3 billion in loans for new plant construction since 2001, none will be issued this year and likely none in 2009, James Newby, assistant administrator for the Rural Utilities Service, a branch of the Department of Agriculture, said Tuesday.

The program's suspension marks a dramatic reversal of a once-reliable source of new coal plant financing. It follows the announcement last month that several major banks will require plant developers to factor in climate change when seeking private funding.

"This is a big decision. It says new coal plants can't go to the federal government for money at least for the next couple years, and these are critical times for companies to get these plants built," said Abigail Dillen with the environmental law group Earthjustice. The group filed a federal lawsuit last year seeking to block the loan program.

At the time of the suspension, at least four utilities had been lined up for loans totaling $1.3 billion - for projects in Kentucky, Illinois, Arkansas and Missouri. A project in Montana was denied funding last month. Two more were recently withdrawn: last October in Wyoming and earlier this week in Missouri.

Newby said material and labor costs for new coal plants have been rising 30 percent a year, even as utilities struggle to pinpoint future costs of controlling greenhouse gas emissions. The 2 billion tons of those gases produced annually by coal-fired plants in the United States exceed the emissions of any other source.

Newby said those uncertainties prompted the White House's Office of Management and Budget to ask that new loans be put on hold until risks can be better quantified.

Rural utilities provide power to about 40 million customers across the nation. More than 60 percent of that electricity comes from coal.

Whether the plants that were awaiting federal loans can find alternative financing remains to be seen.

Associated Electric Cooperative Inc. announced this week it was "delaying indefinitely" its proposed plant in Norborne, Mo., after receiving word of the loan program suspension.

At least one developer, the East Kentucky Power Cooperative, is hoping to wait out the suspension of the loan program rather than seek more expensive loans on the open market, spokesman Nick Comer said.

Two more projects - Southern Montana Electric's Highwood Generating Station and Basin Electric Power Cooperative's Dry Fork plant in Wyoming - already are seeking private funding.

A representative of the East Texas Power Cooperative, which has proposed a plant in Plum Point, Ark., also said his utility would seek private financing if the loans are not resumed.

"We'll have to look elsewhere for funding, which will increase the interest expense, which will increase the electric bill for the consumers at the end of the line," said the cooperative's Ryan Thomas.

Newby, with the Rural Utilities Service, said his agency is considering imposing upfront fees on coal plant developers as a way to mitigate taxpayer exposure through the loan program. Initial discussions have centered on a 0.2 percent fee - equivalent to $2 million on every $1 billion in loans.

Newby added he was confident the government would work through the concerns over risk and resume issuing loans possibly as soon as 2010.

Glenn English, chief executive of the National Rural Electric Cooperative Association, said the program's suspension was a sign of "nervousness" among lenders anxious over the potential ramifications of climate change legislation now before Congress.

Depending on what policies are adopted, retail electricity prices could increase sharply once the costs of reducing greenhouse gases are factored in, he said. Utilities that drop coal-fired power proposals will be forced to shop for more expensive electricity on the open market.

"What you're seeing (with the Rural Utilities Service) is a general reflection of the attitude we find in the financial community, mainly this apprehension about what the future holds and what can be expected out of government," English said.


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