'Your papers, please' must never be heard in America
A judge approved a deal Tuesday for a Chinese company to buy the assets of a bankrupt U.S. battery maker that won a quarter-billion-dollar grant from the federal government just three years ago.
Democratic and Republican politicians alike hailed the news in 2009 that U.S. battery maker A123 Systems had won a quarter-billion-dollar federal grant, but just three years later, the company finds itself bankrupt and the target of a buyout by a Chinese competitor.
