Denver Abound Solar Loan Controversy and Damascus Strife
Emails suggest pressure on an independent consultant to aid a loan guarantee for Abound Solar, the Colorado firm that filed bankruptcy after $70 million in support and 125 layoffs. Separately, Syrian airstrikes and tank fire leveled a Douma neighborhood near Damascus, killing 18 and prompting widespread crackdowns as the war rages with about 35,000 deaths since 2011.
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Japan audit finds reconstruction budget funded unrelated projects
A government audit shows about 25 percent of Japan’s 148 billion dollar reconstruction budget after the 2011 tsunami went to unrelated projects such as a contact lens factory subsidies and whaling research. The report highlights delays, indecision, and potential misallocation as Prime Minister Noda vows to strip nonreconstruction spend from the budget and reform spending laws.
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Disney to acquire Lucasfilm and launch new Star Wars films
Disney will buy Lucasfilm for 4.05 billion dollars to create a new Star Wars trilogy beginning with Episode 7 in 2015 and follow with Episodes 8 and 9. George Lucas serves as creative consultant. Lucasfilm assets include Industrial Light & Magic and Skywalker Sound.
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