“Ethnic Food” and the West

 

Owen Barder, the prominent development economist, has posted this on http://www.owen.org/.

The nice thing about Owen’s blog is that it is both whimsical and serious at the same time.  Whilst he blogs about matters of huge importance he is never didactic and always amuses.

Good News at a Price

Good news for the troops - upgraded Pumas, upgraded Chinooks and Warthog Pr - ATVs.  Hundreds of millions of Pounds worth. (About 858 Million Pounds by my reckoning)
And for the civilians care in their homes if frail. (Alan Johnson says this will cost 200 Million Pounds in the first year) So that's a another Billion Pounds of new expenditure committed this week.
All of this is very welcome but where is Macavity going to get the money and worse how are we going to pay for it?  Higher taxes?  More National Debt?
We should be told! 

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BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina

BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina: "
Filed under: Hybrid, Sedan, Government/Legal, Fisker, Alternative Fuel

Fisker Karma - Click above for high-res image gallery

Fisker's goal of becoming profitable by 2011 received a shot in the arm today thanks to the U.S. Energy Department's announcement that the upstart automaker will receive a $528.7 million conditional loan. The DOE says the loan, 'will create or save about 5,000 jobs for domestic parts suppliers.' Highlights of the DOE's announcement include confirmation that the money will go towards 'two lines of plug-in hybrids' ($39,000 PHEV, here we come?) and that at least some of those jobs will be 'to manufacture a plug-in hybrid in the U.S.' Fisker will perform final assembly of its first car, the high-cost Karma, in Finland with partner Valmet.

When we spoke with company head Henrik Fisker about a low-cost model back in January, he told us once DOE funding came through, it wouldn't take long to get the lower-cost plug-in hybrid on the road. The DOE loan specifies that $169.3 million is to be used for engineering integration costs, working primarily with U.S. suppliers to get the Fisker Karma finished, with the remaining funding to be used on Fisker's Project Nina. Project Nina? There's a name we haven't heard before, but

the DOE says it will involve 'the manufacture of a plug-in hybrid in the U.S.' Fisker says the name was chosen as a reference to Christopher Columbus, and 'is symbolic of the automobile industry's transition from old world to new.'
Earlier this year, the DOE gave conditional loan commitments to Ford ($5.9 billion), Nissan ($1.6 billion) and Tesla Motors ($465 million). The money comes from the Advanced Technology Vehicles Manufacturing (ATVM) Loan program. All the details are available in the press releases below the fold.

Gallery: Fisker Karma

[Source: Fisker, DOE]






Continue reading BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina

BREAKING: Fisker gets $528.7 million loan from U.S. DOE for Karma, Project Nina originally appeared on Autoblog on Tue, 22 Sep 2009 15:27:00 EST. Please see our terms for use of feeds.

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Good to see small specialised manufacturers utilising hybrid technology being supported but Fisker needs to do something about its style. This looks like one of Freddie Mercury's "Fat Bottomed Girls" sat on it.