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> 2012 is the Year America Must Get Serious About its Infrastructure (01/09/2012)
When we read about “America’s crumbling infrastructure” or similar phrases, the topic is easy to ignore for a few reasons. First, “infrastructure” is a broad, nondescript term that doesn’t mean very much to most people. Second, we’ve been hearing the “crumbling” news ...
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> Unemployment rate falls to 8.5 pct., hiring surges (01/06/2012)
WASHINGTON (AP) — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.
The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009. The rate has dropped for four straight months.
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> Solar Power gets $44M in financing for New Jersey project (01/04/2012)
Solar Power Inc. has secured $44 million in financing from China Development Bank to build a solar project with KDC Solar in New Jersey.
Separately, Solar Power’s biggest shareholder, LDK Solar, secured $20 million in financing from the same bank for two projects it is developing in California through engineering, construction and procurement contracts with Roseville-based Solar Power.
In June, Solar Power (OCTBB: SOPW) and LDK agreed to provide long-term construction financing of up to $750 million for solar projects as part of a preferred provider agreement with KDC Solar.
“Our successful relationship with (China Development Bank) is a direct result of our close working relationship with LDK,” said Steve Kircher, chief executive officer for Solar Power. “As we continue to develop our pipeline of projects globally, our partnership with CDB grows stronger.”
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