GE Slashes Dividend to 1 Penny, Reveals Deeper SEC Probe

By Thomson Reuters – Re-Blogged From Newsmax

General Electric Co. slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.

GE said the U.S. Securities and Exchange Commission and Department of Justice had expanded ongoing investigations to include a $22-billion writedown of goodwill from GE’s power division, which GE reported on Tuesday.

Continue reading

The Deceivers in Democracies: Beware the Propagandists.

By tonytran2015 (Melbourne, Australia) – Re-Blogged From Survival Tricks

The propagandists are people spreading their propaganda for their vested interest.

In our lives we always encouter them either as lowly conmen or as well disguised respectable debaters or laws makers. It is still possible to spot them if we know their method of work.

(Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.)

Continue reading

Unaffordable Green Energy: Charity Begs for More Volunteer Knitters, to Help Poor People Survive Winter

By Eric Worrall – Re-Blogged From WUWT

h/t JoNova – According to the charity KOGO, green energy champion Victora, Australia is experiencing unprecedented demand for charity provided warm woolies to help poor people who can no longer afford to heat their homes.

Continue reading

CA Solar Power Out During Eclipse

When the sun goes dark, California will lose the equivalent of five nuclear power plants of power.

By Martin Rosenberg – Re-Blogged From http://www.theenergytimes.com

California is bracing for a significant loss of electric power as its fast-growing fleet of solar electric panels plunge into darkness during a major solar eclipse on August 21.

While the eclipse will be partial in the state, energy planners are getting ready to tap 6,000 megawatts of electricity from other sources between 9 a.m. and noon PDT during the eclipse, according to the California ISO which oversees the electricity markets in America’s most populous state.

Continue reading