Solanex Management Inc. and Geo Finance Corporation jointly announced today that they have signed a Memorandum of Understanding (”MOU”) to form a Joint Venture. According to the terms of the MOU, Solanex will provide working capital to the Joint Venture and Geo Finance will provide its business models and full inclusion of its client lists, in addition to all sales and marketing IT of Geo Exchange renewable energy programs.

According to the press release, the Joint Venture will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State of Nevada. The JV will be 51% owned by Solanex and 49% by Geo Finance. There is a 60 day “Negotiation Period” to formalize the MOU and a performance date of 90 days thereafter for Solanex to provide the required working capital

In an attempt to address the nation’s ongoing economic challenges, Congress has passed and the president has signed the American Recovery and Reinvestment Act of 2009. The $787 billion package is remarkable not only in its scale and scope but in the speed of its passage as well.

The bill combines $282 billion in tax relief with more than $500 billion in government spending that ranges from meeting basic human needs to investments in infrastructure and scientific research. The resulting increase in the federal budget deficit is expected to equal about 2.5% of gross domestic product for two years in a row. Congress began work on the legislation even before the inauguration of President Barack Obama, who signed the bill on February 17, 2009.

A slowing economy that shed more than 3.6 million jobs in 2008 helped create the urgency for a stimulus package that would attempt to boost employment and economic

A price tag has emerged for President-elect Barack Obama’s infrastructure stimulus, $850 billion, according to one of his advisers. His team calculates the figure is necessary to create 2.5 million jobs, improve an array of infrastructure projects, and bolster unemployment, health-care, and renewable energy programs, lawmakers told Bloomberg.

In the shorter term, U.S. Treasury Secretary Henry Paulson may ask for the other half of October’s $700 billion Troubled Asset Relief Program (TARP), money originally earmarked for bank rescue but now possibly a source for a highly anticipated auto bailout, Bloomberg also reported.

But for Obama to begin his spending spree, and for Paulson to continue his, each will genuflect before Congress to get the money. The combined total is about $1.2 trillion, but some analysts believe that figure could be higher.

Paulson says the money he’s requesting is urgent, and would be asking a Congress that officially isn’t in