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Nanotech’s Solyndra moment: Big gov’t gears up to fund microscopic science

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The failed $534 million federal investment in Solyndra hasn’t stopped Washington from trying to finance the “next big thing” in technology.

The failed $534 million federal investment in Solyndra hasn’t stopped Washington from trying to finance the “next big thing” in technology. New York Democratic Sen. Kirsten Gillibrand and two House members are moving forward with a $50 million proposal for nanotechnology research funding at an upstate New York university where another nanotech research center has already existed for a decade.
The appropriation would fund a Pentagon feasibility study that will determine whether that new nanotech center is needed. More funding would almost certainly follow.
“You’ll see that there are a lot of interesting things to talk about here,” says Stephen Janack, a spokesman for the University at Albany’s College of Nanoscale Science and Engineering.

Read more: http://dailycaller.com/2011/12/15/nanotechs-solyndra-moment-big-govt-gears-up-to-fund-microscopic-science/#ixzz1iQPxoeUc

Comments

Republican committee investigating Solyndra

was charged by the Obama Administration with engaging in a “vast fishing expedition" by demanding thousands of documents in the absence of any proof of criminality. In other words, there's a great deal "less than meets the eye" when it comes to the Solyndra case.
Sorry, but the Solyndra case doesn't reveal any widespread problem, it just reveals a company caught short by a shifting market, the way thousands upon thousands of private businesspeople are caught short each year.

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