Renewable Energy Market Takes Another Financial Hit
The $26 billion bill President Barack Obama signed Tuesday may spell relief for teachers’ unions and other public-sector employees, but it’s the latest blow for renewable energy backers.
To help pay for the aid bill, lawmakers cut $1.5 billion from the Department of Energy’s renewable energy loan guarantee program. It’s the second time in roughly a year that Congress has raided the program to fund other priorities. Last summer, lawmakers cut $2 billion from the DOE’s renewable energy loan account to extend the highly popular Cash for Clunkers program. Congress has not repaid the agency that $2 billion, despite frequent promises by its leaders to do so. Taken together, the cuts have whittled the program’s budget down to $2.5 billion, less than half the $6 billion Congress appropriated in early 2009.
Read the full report from Wall Street Journal blogger Stephen Power in his “Washington Wire Blog”.
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.