Page 10 - Grnd News Today

Rnd -- >> gregg:ç research and development. i dont get it on this panel, dupont, eli lilly, i looked up their profits last year. dupont, three billion in profit. eli lilly five billion in profit. they want my taxpayer money? >> no. a lot of it goes to -- yes, much of the rnd comes the federal government. i would argue that if the federal government is going to spend on anything, that it should be spent on research and development. surely these places, including harvard, should be funding their...

Is the future and stop pulling it out of the ground and look at what the next equation is here. >> the fact is, 1100 jobs were lost as a result of solyndra going bankrupt. it was the model project of the administration . thats why the president went there. the first main green project of the stimulus spending. this was the big cahuna and it failed miserably. and taxpayer money was spent on blding a glitsy new factory. i, too, am for green energy. we have talked about it since jimmy carter when...

But make these street cars somewhere else and ship them to america? >> we see the u.s. as a competitive place for manufacturing now. in fact, for many of our plants we can manufacture here at a competitive cost with any place in the world. we like investing in the u.s. because we have skilled labor here. its got a great universities in science for doing rnd. we like to tie our r and d to manufacturing and well developed infrastructure. all this make an attractive market. >> as we talk and theres...

Those reports, however, are difficult to confirm. they may be the rebels wishful thinking. they are making some gains militarily and there was just a press conference a short while ago and a spokesperson for the rebel movement here said that the introduction of american predator drones has helped significantly and made the -- made their advances -- given them a marked improvement was the word he used. there is a sense of momentum and progress. also, we have started to see tv we heard this from t...

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Some environmentalists will say good to hear. >> not really. when you look at technology in the cars today, with the emission levels, we have some of the cleanest burning gasoline we have had out there. we are talking about electric vehicles. how are they going to dispose of the batteries, and thats the argument on washington. you say this particular alternate fuel is better for the economy, but the result is it really isnt. the ethanol debate. we are talking about green prices and how it impact...

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This is not just for clean technology. this is for cell phones and flat korean tvs to invent the gadget, and then once some sort of gadget has been proven in the market and is profitable, theres usually lots of money in the capital markets to buy that company and keep selling things, but in between is the valley of death where theres a dearth of capital to get from victory in the lap to victory in the market. the federal government could help cross that by becoming the main purchaser of clean te...

Saying? >> exactly. you could do that in a context where were looking at the double digit unemployment or near-double digit unemployment were seeing now or project to have next year. ordinarily do to do that you would get inflation but in this context youre hard pressed to say unflags with an unemployment rate at 10%? >>. >> can i jump in? >> finish us off. >> very little risk of inflation in the short term because we have a weak global economy and unemployment is very high. but look, the fact o...