ACC Archives

Tag: bailout
Pacific Electric and Gas Hoping for a Bailout?

Pacific Gas and Electric faces up to $30 billion in potential liability costs as a result of California wildfires. Is their announcement that they’re preparing to file for Chapter 11 bankruptcy real or a thinly veiled plea for a bailout?

Pork Story Has More Twists Than a Pig’s Tail

The government created a $1.2 billion bailout program to buy farm products from farmers hurt by retaliatory tariffs imposed by China – then uses some of the money to buy products from Chinese companies.

Elon Musk: Tesla worker admitted to sabotage

Tesla is just an fetid bouillabaisse of crony disfunction right now. I sure would be happy if I bought a Tesla that basically runs on computer code to know that some senior engineer somewhere at the company uploaded the...