In a major victory for the National Legal and Policy Center, the Federal Communications Commission (FCC) yesterday reversed itself and revoked a controversial waiver it had granted LightSquared, which would have allowed the company to deploy a national wireless network. The reversal is not only a major setback for LightSquared's billionaire owner Phil Falcone, but puts a harsh spotlight on the role of FCC Chairman Julius Genachowski.
In a recent interview with the "City and State" website, which covers New York politics, Rep. Gregory Meeks (D-NY) said that he wants "to go after" our not-for-profit status. The threat was part of a more general attack on the New York Post, which has published a series of articles based on information we have provided. We have also provided information to the New York Times and New York Daily News. All the headlines have led to a House Ethics Committee investigation, and reportedly, a grand jury investigation of Meeks' finances.
Authored by Carl Horowitz, director of NLPC's Organized Labor Accountability Project, this Special Report examines the effect labor unions have on the workforce. As the recent events in Wisconsin showed, labor unions and their political alliies are as influential as ever. Unless major changes are made to the ways they function within the public sector, they'll continue to undermine any economic recovery.
Billionaire Phil Falcone, whose cozy relationship with the Obama Administration was first exposed by NLPC, may face civil fraud charges by the Securities and Exchange Commission (SEC). According to a filing yesterday by Harbinger Group Inc., Falcone and two other directors have received "Wells Notices," meaning that they are under investigation.
Falcone is the Chairman, CEO and primary investor in Harbinger Group Inc., a hedge fund. Reportedly, other Harbinger investors include Soros Fund Management. Harbinger owns LightSquared, which has received an unusual waiver from the Federal Communications Commission (FCC) to deploy a national 4G wireless network.
The National Legal and Policy Center (NLPC) today filed a formal request under the Freedom of Information Act (FOIA) with the National Highway Traffic Safety Administration (NHTSA) for any and all communications with General Motors (GM).
The NHTSA is investigating three fires in the battery packs of GM's Chevy Volt following collision tests, but may have withheld information of this potential safety problem from the public for several months.
NLPC has filed a shareholder proposal challenging Pfizer's support for ObamaCare. The resolution actually asks for a report on Pfizer's lobbying priorities. Here is the supporting statement submitted to Pfizer for inclusion in the proxy:
Pfizer played a key role in the passage of ObamaCare, even though a majority of Americans were opposed. CEO Jeffrey Kindler organized pharmaceutical CEOs in support of the bill, promoted a massive advertising campaign, and partnered with Left-wing groups normally hostile to Pfizer's interests. For these actions, he received a multi-million dollar bonus.
Last week, the United States House of Representatives Ethics Committee voted to end its temporary deferral of a case against Rep. Jesse Jackson, Jr. (D-IL). The US Justice Department had requested the deferral but has since withdrawn that request. The case had been deferred for over two years.
Jackson, the son of Rev. Jesse Jackson, is in his ninth term in the US House and is under investigation for allegations that he attempted to buy the open US Senate seat that was vacated by President Barack Obama. It has been reported that Jackson's supporters were willing to raise $1.5 million on behalf of Governor Blagojevich's re-election campaign.
Are the anti-Wall Street protestors demonstrating against themselves? The richest and most prominent Wall Street executives overwhelmingly supported and bankrolled Barack Obama's presidential campaign in 2008.
And on Wall Street, little distinction is made between liberal Democrats and avowedly socialist activist groups. The big banks financed ACORN. Although ACORN has disbanded in the wake of scandal, the JPMorgan Chase Foundation, formerly headed by White House Chief of Staff William Daley, continues to fund similar groups committed to undermining capitalism and debasing democracy.
Allegations that we first made in February about White House political favors for a company called LightSquared are starting to get the attention they deserve.
LightSquared is owned by the Harbinger Capital hedge fund, headed by billionaire investor Phil Falcone. He visited the White House and made large donations to the Democratic Senatorial Campaign Committee. Soon after, the Federal Communications Commission (FCC) granted LightSquared a highly unusual waiver that allows the company to build out a national 4G wireless network on the cheap.
The Internal Revenue Service (IRS) has unexpectedly and retroactively granted tax-exempt 501 (c)(3) status to the Barack H. Obama Foundation following our formal Complaint that the Foundation was soliciting tax-deductible contributions without such status.
The Foundation is headed by Abon'go Malik Obama, President Obama's half-brother, and named for their common father. It came under scrutiny earlier this year when NLPC raised questions about its tax status and what has happened to the money it has raised.