Solar Power Pass

More alternative energy is on its way according to the Obama administration. This last Monday, the Obama administration approved the world's largest concentrated power plant to be built in the Mojave Desert of California. This mega plant is said to cost an estimate of six billion dollars, but will generate roughly a thousand construction jobs and provide about three hundred steady jobs that will coincide with running the plant.

"Developer Solar Millennium," a company that is based out of Germany, will be overseeing the production of this solar plant. The Interior Department is not thrilled with this construction of the plant because the plant will take a vast chunk of wildlife habitat and remove them from the area. The Interior Department states that "Developer Solar Millennium" will have to provide funding for roughly eight-thousand acres of land for lizards, owls, tortoises, and bighorn sheep.

The way the plant will work is by using big "mirrors" that will reflect the sun and direct the focused energy into tubes that contain H2O. The heat from the concentrated sun energy will cause the water to boil and produce steam. A turbine then will use the steam to further produce electricity. This project at its peak, has the ability to provide enough energy to run 2 million homes.

I believe this to be a good investment. Even though it has a ridiculously high cost to build, people who might not have jobs, which is a growing number, will have an opportunity to get one. The plant will also add 300 jobs to run the facility, which will help out a little bit. This will also cut down (slimly) the need for products like coal, to produce electricity. The sun will be around longer than coal and other nonrenewable recourses, so why not use it a little more? I still think there is still a need for production and refining nonrenewable recourses, but I think we can do a few smaller things, like solar plants, to cut down the rate of consumption.

Views On Foreclosure Moratorium

This article, "Cantor Opposes Foreclosure Moratorium: 'People Have To Take Responsibility For Themselves'," George Zornik states how Mr. Cantor (Republican) feels that there should be no relief for people and that people need to take responsibility for themselves. Zornik obviously is writing this for the homeowner audience as well as the general public. The evidence for this claim by Mr. Zornik is supported by statiststics that show that Bank of America was doing 7,000-8,000 forclosure documents a month without reading them with the excuse that the documents were "lenghthy." Zornik also points out that Texas Attorney General Greg Abbott is asking thirty lenders to stop doing foreclosure documents until they can prove they are doing it legally. Congresswomen Wasserman-Shultz states that "we need to keep people in their homes," as a supporting cause for the Moratorium. Nina Easton of Fortune Magazine stated in oppose to Congresswomen Wasserman-Shultz's statement said "What she should have said is keep people in houses they can't afford." I believe that in some instances, yes people are probably in houses that they can't afford, but I think a lot of people are hit hard with being laid off, slower economy, or personal tragedy. This can cause a person to lose enough income so that they can no longer pay their mortgages. It is Zornik's opinion as well that a lot of people may have been foreclosed on improperly and that the rule of law should be held in place. It doesn't matter if people want to protect financial institutions, the law is the law and foreclosures need to be done in a correct manor because a foreclosure can easily turn a family upside down and ruin them. I would have to agree with Zornik, like I said, for the most part.