Despite ongoing controversy over the federal government’s scandalous loan guarantee to the now-bankrupt Solyndra, a $25 billion green-car loan fund has managed to avoid the congressional guillotine. The Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) loan program, which was established during the Bush years and began dispensing funds during the Obama administration, is designed to provide debt capital to the auto industry and assist manufacturers in retooling facilities and equipment and improving fuel economy for vehicles manufactured in the United States.
The Federal Reserve is seeking contractors to build a tool that will monitor and analyze blogs, news reports, and social-media chatter about the central bank and its policies, with a goal of being able to use “public relations” strategies to counter the growing barrage of negative publicity. But critics quickly added to the institution’s troubled image as the news spread by lambasting the half-baked scheme as “Orwellian” spying and “intimidation.”
Publishers of the Times World Atlas are under fire for exaggerating ice loss in Greenland and are "urgently reviewing" their newest map of that country. HarperCollins claims the latest edition of its atlas, published September 15, depicts the world "at its most fragile," but scientists say it shows a dream world. One expert told Reuters the atlas suggests Greenland's massive ice sheets are shrinking at a rate that "could easily be 20 times too fast and might well be 50 times too fast."
After days of media hype, NASA’s Upper Atmosphere Research Satellite (UARS) fell into the Pacific Ocean without — it would seem — having harmed so much as the proverbial fly. The satellite had orbited Earth for 20 years without receiving much public attention. Launched by the space shuttle Discovery in 1991, UARS had quietly gone about its work until its inevitable, inexorable descent hurtled the six-ton satellite into the public spotlight at the very hour of its death.
The navigation company OnStar is attracting strong criticism after announcing this past week that it would continue to monitor drivers’ speeds and GPS locations — and sell the information to third parties such as law enforcement — even after customers end their contracts. Outrage ensued and even U.S. lawmakers have now entered the fray.