-By Warner Todd Huston
Fisker Automotive, Inc., the much-celebrated maker of luxury electric cars, has announced that it is firing 80% of its employees after failing to finalize an investment deal.
The manufacturer of the rechargeable Karma auto informed 160 workers of the layoffs coming to the Anaheim, California-based company. Fisker was said to have employed 200 before this week’s announcement.
This is only the latest blow to the “green” auto company. Only last month the company’s name-sake, Henrik Fisker, resigned over “unspecified” disagreements with other executives and the company stopped production of its cars after its lithium-ion battery supplier declared bankruptcy.
The battery company, A123 Systems Inc., declared bankruptcy in October of last year despite the millions in in tax dollars pumped into the company by President Obama.
According to Bloomberg, Fisker has retained the services of Kirkland & Ellis LLP to explore a restructuring of the company.
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Fisker Motors Meltdown, Fires 80% of Staff”
The Cleveland Plain Dealer, Ohio’s largest newspaper, has announced that while it will continue to print editions every day, it will cut home delivery from a seven-day-a-week schedule to but three for subscribers.
Foreign Policy magazine has made the stark pronouncement about Texas Senator Ted Cruz. According to FP’s Erica Grieder, Cruz is “the most hated man in the U.S. Senate.”
A formal complaint has been filed with a New York lobbying board to investigate whether Yoko Ono, Robert De Niro and nearly 200 other celebrities have violated state laws with their Artists Against Fracking activist group.
Former NBA great Earvin “Magic” Johnson has seen Obamacare and has pronounced it good. According to Johnson, “a lot” of CEOs at hospitals have told him that Obamacare “is working.” 
On March 12, Representative Paul Ryan (R, WI) released the GOP’s budget proposal sparking an afternoon of analysis and criticism. By Tuesday evening Reuters was contrasting Ryan’s budget with one sponsored by Senator Patty Murray (D, WA). But there is one problem with Reuters’ analysis. The Democrats didn’t actually release any budget for Reuters to analyze by the time the news service had published its story. So, Reuters is simply regurgitating Murray’s talking points.
Famed American gun manufacturer Smith & Wesson has reported that earnings tripled in its most recent quarter. The company also said it looks forward to continued high sales into the next several quarters.
New York Mayor Michael Bloomberg’s media group has apologized for its February 21 cover of Bloomberg Businessweek over complaints that it used racist imagery to illustrate the feature story on the housing market.
The State Department has released its much-anticipated report on the environmental impact of the Keystone Pipeline and, to the alarm of the green lobby, it seems to leave President Obama with little reason to continue delaying construction.
Congresswoman Maxine Waters (D, CA) had a dire prediction for America due to sequestration claiming that 170 million jobs would be lost as a result of the policy. But according to the Bureau of Labor Statistics there are only about 140 million jobs in the whole country.
Despite that no real cuts to government spending have yet occurred as a result of sequestration and that government spending is actually increasing, The New York Times is fearful that “austerity” has already come and it is “killing” government jobs.
Despite some $430 million in tax breaks for Hollywood in last year’s “fiscal cliff” deal, DreamWorks Animation CEO Jeffrey Katzenberg has announced that he is cutting 350 people by the end of the year.
A number of firearms manufacturers and companies that sell firearms related products have joined a growing list of companies refusing to do business with states, counties, and other government agencies that pass new laws restricting citizens’ Second Amendment rights.
What: FOX Business Network’s (FBN) Liz Claman will have an exclusive interview with Acting Treasury Secretary Neal Wolin on Tuesday, February 26th from the Chicago Mercantile Exchange in Chicago, IL. Appearing on FBN’s After the Bell (4PM/ET), Wolin will discuss cyber security and employment in the United States.
There was once a day when particular media outlets were so dominant that they could essentially make the rules on who they permitted to appear with them whether in print, on the radio, or on TV. Those days are long gone, of course. So, why does CNBC still think it has the power to demand that guests appear solely on its network? And, in so doing is CNBC depriving its viewers of the vital financial information that they need to plan their business days?
Time Warner is looking for a way to throw in the towel on its magazine holdings by selling them off to Iowa-based Mederith Corp. and possibly ending its reign as the nation’s largest magazine publisher.
President Obama’s State of the Union speech was yet another opportunity to demand a new laundry list of big government programs and massive spending, but MSNBC’s Chris Matthews seemed to have some trouble seeing anything “liberal” in it.
Apple CEO Tim Cook sat with Michelle Obama as the President delivered his State of the Union speech on February 12.
I had a few minutes to speak privately to Illinois Congressman Peter Roskam (R, 6th District) about the upcoming State of the Union speech that the President will give tonight and as far as Roskam is concerned the speech tonight will be nothing but a “highly charged and very, very political” speech that won’t contain many actual solutions.
Koch Industries recently published a response to the work of UK Independent journalist Steve Connor whose work, Koch says, “misled readers.” The two articles accused Koch Industries of secretly funding attacks on climate change.