The Obama administration sees it as the middle class getting a raise. The details suggest it’s a demotion. On May 18, the Department of Labor published a final rule hiking the annual income ceiling for overtime pay eligibility of salaried employees from $23,660 to $47,476. Set to go into effect December 1, the regulation would benefit an estimated 4.2 million workers. However, it also may produce unintended consequences such as: loss of scheduling flexibility; pay cuts; benefit cuts; fewer work hours per week; higher employer compliance costs; and needless litigation. A group of lawmakers, led by Sen. Tim Scott, R-S.C., and Rep. Tim Walberg, R-Mich., have responded with bills to nullify the rule and make it difficult for the DOL to offer a substitute.
The mandate originated with an executive order from President Obama on March 13, 2014. Obama had directed the Labor Department, pursuant to the Fair Labor Standards … Read More ➡
General Motors’ recently deceased, plug-in electric Cadillac ELR had not even officially been declared dead before word was out that GM has plans for another plug-in Cadillac for American markets; this one to be built in China. It seems that the brass at GM believe that the Chinese can succeed where American manufacturing has failed regarding being able to build electric Cadillacs that appeal to American consumers.
It has now been about seven years since taxpayers sunk about $50 billion into GM to fund the Obama Administrations’ auto sector bailouts which rewarded the Obama-friendly UAW while hosing less politically-popular classes like GM bondholders. That time span seems to be long enough for GM to feel that moving manufacturing jobs to China will not face criticism as the move to build Cadillacs in China follows earlier announcements that the Buick Envision SUV would also be built there.
During the 2012 … Read More ➡
Federal Trade Commission Chair Edith Ramirez is scheduled to testify tomorrow, May 11, before the Senate Judiciary Subcommittee on Privacy, Technology and the Law. The topic is “Examining the Proposed FCC Privacy Rules.”
The hearing comes amid allegations that Ramirez is not independent and takes her direction from Google.
On March 9, Ramirez contradicted herself in testimony she gave to the Senate Judiciary Committee regarding the FTC’s dropping of an antitrust action against Google in 2013. She testified that the FTC decision not to sue Google was “consistent with the recommendation that had been made by our Bureau of Competition staff,” adding that any “press reports to the contrary are just flatly wrong.”
However, an FTC Staff report, portions of which were inadvertently released last year, revealed exactly the opposite. The Bureau of Competition staff sought an antitrust action against Google.
Remarkably, Ramirez misleading statement was apparently prompted by a … Read More ➡
Nothing of greater significance can be said about the Department of Energy’s Advanced Technology Vehicles Manufacturing loan program other than it was a wasteful failure. Nonetheless 85 U.S. Senators have determined that an additional, similar $1.6 billion program must be created, as part of a larger energy bill that passed last month.
Those who favored the extension of corporate welfare for alternative energy-fueled automobiles justified their decision with the same phony claims they made ten years ago when the ATVM program was established.
“Our measure will help manufacturers and suppliers research and develop innovative technologies to make the next generation of fuel-efficient vehicles, spurring job growth and reducing our dependence on foreign oil,” said Democrat Sen. Debbie Stabenow of Michigan.
NLPC has documented the stumbles of the stimulus-fueled ATVM program – which still has $16 billion available – extensively. Two of its loan recipients, Fisker Automotive… Read More ➡
A coalition of good government groups has sent a letter to House Speaker Paul Ryan (R-WI) urging him to appoint a co-chair of the Office of Congressional Ethics (OCE), which should not be confused with the House Ethics Committee. The groups also encouraged Ryan to support OCE, which enjoyed lukewarm support, at best, from his predecessor John Boehner.
OCE was established in 2008 and is somewhat more independent that the Ethics Committee because its board is comprised of former members of Congress and private citizens, rather than sitting members. OCE cannot sanction members but can only make referrals to the Ethics Committee.
Its role and importance were demonstrated in the Charles Rangel case. NLPC President Peter Flaherty tagged along on a Caribbean junket in November 2008 to sunny St. Maarten. He snapped photos and made audio recordings evidencing that the event was underwritten by big corporations like Citigroup, in violation … Read More ➡
Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits?
If Tesla has proven that EVs can be profitably manufactured, it is time for our government to stop handing out the $7,500 tax credit that goes to each of the mostly affluent purchasers of the cars. The credits are capped for the first 200,000 vehicles delivered, making the total subsidy $1.5 billion. Tesla reportedly has doubled that sales figure before even building a … Read More ➡
If there is anything Black Lives Matter activists might enjoy even more than a downtown rally, it’s a campus rally. The social media-driven network of incendiary racial politicians is now a presence at colleges and universities across the U.S., conducting “anti-racist” campaigns against chosen targets. Case in point: the University of Kansas. Since November, black students at Kansas, inspired by BLM, have intimidated people they deem racist, aware that the feckless administration will do next to nothing to discourage them. The catalyst for all this was a claim by a black co-ed that several white males assaulted her at an off-campus Halloween party and that local police brushed off her complaint. Evidence suggests this was a hoax. The larger issue is academic freedom – and not just at KU.
The higher education gambit by Black Lives Matter, also known by the Twitter hashtag “#BlackLivesMatter,” requires context. For the group’s influence … Read More ➡
Another Clinton Foundation donor with ethics problems received a loan from the Overseas Private Investment Corporation (OPIC) while Hillary Clinton was Secretary of State. This time, the dollar amounts are gargantuan, and the recipient is at the center of a corruption scandal in Pakistan.
According to a report in the Washington Free Beacon by Alana Goodman, a Middle Eastern investment firm called The Abraaj Group has contributed $500,000 to $1 million to the Clinton Foundation. Abraaj owns and manages a utility company named K-Electric in Pakistan. That country’s former oil minister, Asim Hussain, has been arrested for providing illegal favors for K-Electric and harboring Islamic terrorists in hospitals he owns. From the article:
The investigation has not impacted the U.S. government’s ongoing partnership with the Abraaj Group, which dates back to at least 2012. That year, the Overseas Private Investment Corporation—a federal agency that dispenses corporate loans under the
… Read More ➡
General Motors recently reported lackluster sales results for the month of March. GM share price took a hit on the news, but there is one fast-growing area of sales for the company that is outperforming other segments. Government sales for GM rose 55% in March and capped off a first quarter that saw government sales increase 23% over the prior year.
GM did not give an explanation for the increase in government sales, localities often contribute to the sales figures. In the past federal grants went to localities to pay for GM vehicles when the Obama Administration sought to prop up crony corporation GM in any way possible. Given the close ties between the Administration and GM, more transparency is needed as to exactly how taxpayer money is getting to GM.
I reported in November of last year that the Department of Homeland Security has been overspending on vehicle purchases… Read More ➡
Ken Silverstein in the New York Observer adds important new information to the case of Clinton Foundation donor Gonzalo Tirado, which was first exposed by NLPC. Tirado headed Ponzi-schemer R. Allen Stanford’s bank in Venezuela, but now lives openly in Miami.
After the Stanford flame out, the Venezuelan Tirado sought political asylum in the United States. Although never charged with a crime stateside, Tirado was an extremely dubious candidate for asylum. It is unclear whether he was actually granted it, but Tirado now resides safely in Miami, even as Stanford victims still struggle to recover a portion of their investments.
Tirado’s ability to stay in the United States almost certainly has something to do with paying Hillary insider Jonathan Mantz $350,000 to lobby the State Department on his behalf, on top of donations to the Clinton Foundation.
Moreover, the Justice Department indicted a decorated former DEA agent named Tom Raffanello, who had … Read More ➡