Update: New York Times email list spammed — by the New York Times

Updated. On Wednesday morning, the New York Times sent a number of emails urging customers to call a toll-free number to renew their subscriptions. They seem to have been sent by Epsilon Data Management, an email marketing firm which had a major data breach in March.

FTC Should Go After JP Morgan, Not Apple

“Our future well being depends more on people like Steve Jobs who invent real products that can improve our lives, than it does on people like Jamie Dimon who invent financial products that do little other than threaten our economy. So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop ‘unfair methods of competition”’almost anywhere in the economy except in the financial sector. Banks are explicitly excluded. Another reason for financial reform.”

Robert Reich, former U.S. Secretary of Labor under President Bill Clinton.

Clean Power Grants Step In to Fill Tax Credit Gap, But Problems Remain

If it seems like it’s been twice as hard to raise money for renewable projects this year compared with 2007, that’s because it has been. At the Renewable Energy Finance Forum in San Francisco on Tuesday, John Eber, managing director at investment bank JP Morgan, said tax-equity financing for renewable energy is expected to total $2.5-$2.6 billion this year, down from $3.6 billion last year and $6 billion in 2007. Tax-equity financing is based on the exchange of tax credits, so it’s no wonder it has plummeted in a market where profits — and therefore taxes high enough to make use of tax credits for renewable-energy projects — are harder to come by.

However, federal cash grants, which will enable renewable projects to get money in lieu of tax credits and were approved back in February, could definitely help fill the tax-equity gap. Eber said, “The vast majority of projects are going to [want to] use the grant.” However, there have been a variety of complications that have kept many clean power projects from being eligible for the grants.
Read More about Clean Power Grants Step In to Fill Tax Credit Gap, But Problems Remain