Tuesday, 21 October 2014
Last updated 4 hours ago
Oct 15 2009 | 8:50am ET
U.S. Interior Secretary Ken Salazar and California Governor Arnold Schwarzenegger have signed a memorandum of understanding to streamline sighting and approval of renewable energy facilities on public lands.
The MOU is the first between a state and the federal government to involve energy production. Its aim is to speed around 30 California solar, wind and geothermal projects already in the pipeline. These projects, expected to begin construction by end-2010, are eligible for over $15 billion in federal stimulus funds.
“We know the future is in clean power, clean energy and clean technology,” Schwarzenegger said, “and we are taking action so that California will be able to meet its ambitious renewable energy and environmental goals.”
Schwarzenegger said the MOU would address the slowness of the existing process of siting and approving facilities.
Schwarzenegger wants California to generate one third of its energy from renewable sources by 2020.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...