A failed southeast Georgia ethanol factory was sold Tuesday for pennies on the dollar after squandering tens of millions in federal and state tax dollars. Range Fuels, a bankrupt U.S. cellulosic ethanol company, sold its only factory, located in Soperton, Georgia, to LanzaTech, a biofuel company based in New Zealand.
Due to new federal air pollution regulations, more than 32 power plants across the country will be forced to close their doors, according to a recent Associated Press survey. Those plants, which are mostly coal-fired, discharge enough electricity to supply more than 22 million households, the survey notes, and their closure will lead to job layoffs, depleted tax revenues, and a considerable hike in electric bills. The areas that will be hit hardest are the Midwest and in the coal belt (Virginia, West Virginia, and Kentucky), where dozens of plants will likely be retired.
The field of private space ventures is gaining a new competitor, Stratolaunch Systems, the brainchild of former Microsoft cofounder Paul Allen. According to press reports, Allen is prepared to commit at least $200 million of his own fortune to the creation of a launch vehicle he believes will allow for inexpensive launches of satellites into low Earth orbit.
Members of the House Homeland Security Committee unveiled legislation Thursday that would authorize the cybersecurity functions of the Department of Homeland Security (DHS) and establish a quasi-governmental entity to coordinate cybersecurity information-sharing with the private sector. The bill, called the Promoting and Enhancing Cybersecurity and Information Sharing Effectiveness Act (PrECISE), would station a national clearinghouse for information relating to potential attacks on critical infrastructure, such as electric grid, water facilities, and financial service systems.
The narrative continues over smartphone privacy issues involving the data logging program Carrier IQ, which was recently found to be installed on about 150 million handsets worldwide, including many popular Android, iOS, Nokia, and Blackberry devices. Controversy over the invasive software stemmed from allegations that Carrier IQ has the ability to record an array of device information, including keystrokes, text messages, web browsing, and user location, all without the user’s knowledge or expressed consent.