Will Google Rescue Green Energy?

The financial crisis and energy crisis loom like two grim reapers over 2009. Now these evil twins are feeding off each other. Today The New York Times reported a dearth of loans and capital brought on by the financial meltdown that is hitting the nascent green energy sector hard. Layoffs are up, and solar and wind power installations have dropped 30 to 50 percent in 2009.

Despite the accelerating economic tailspin, 2008 ended with some high notes for renewable energy. Besides Obama's promises to boost the sector, the green energy industry also got a boost in September when Congress extended the renewable energy tax credits set to expire at the end of 2008. Those credits, plus the promising future of renewable energy, had led many banks to invest. But with those banks now in financial ruin, green energy companies are left wondering what to do. And funding isn't their only concern: the price of solar panels and other equipment are on the steep decline, the Times reports.

Nobody said it would be an easy start for the Obama administration, and this is a good example of what happens when multiple crises converge. The industry that could help the US climb out of one hole can't mature because its funders are in another. Newer companies could certainly bring in fresh ideas that the giants won't, but they're also less protected from a financial collapse. Of course, there's always one last funding source: Google.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
  • Categories include literature, neuroscience, religion, and systems analysis.
  • Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Keep reading Show less

Scientists claim the Bible is written in code that predicts future events

The controversy around the Torah codes gets a new life.

Michael Drosnin
Surprising Science
  • Mathematicians claim to see a predictive pattern in the ancient Torah texts.
  • The code is revealed by a method found with special computer software.
  • Some events described by reading the code took place after the code was written.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.