The move preceded Friday’s annual shareholder meeting, in which executives emphasized their commitment to principles of integrity. That came into question especially since April, when the New York Times revealed that company officials authorized millions of dollars in bribes in order to expedite building permits and other favors in Mexico.
It’s another day, and another round of layoffs by a recipient of millions of dollars under the Obama Administration’s renewable energy initiatives, administered by the mismanagedDepartment of Energy.
This time the Recovery Act largesse – taken out of the hide of taxpayers – went to A123 Systems, Inc. The Massachusetts-based energy storage company was given $249.1 million to help launch two battery-manufacturing plants in Michigan. A123 also received grants and tax credits from the state that could total more than $135 million. In a separate federal grant as a subcontractor for another grantee, A123 received nearly $30 million for a wind energy storage project.
Sen. John F. Kerry has just passed another tax onto wealthy Republicans - by having his wife pay half-a-million dollars in back taxes on his yacht.
Kerry has been docking his $7 million, 76-foot yacht, Isabel, in Rhode Island, which has no yacht tax, since he purchased it in March. However, Massachusetts has a 6.25 percent "use" tax on any item bought elsewhere for use in Taxachusetts. State officers regularly track down those purchasing tires, alcohol, or other consumer goods in neighboring states, such as tax-free New Hampshire.
Peter Flaherty, Pres. of the National Legal and Policy Center (NLPC), accused Sen. John Kerry (D-Mass.) of "making a mistake" in agreeing to speak at an "International Labor Breakfast" at the Rainbow/PUSH Coalition and Citizenship Education Fund Annual Conference in Chicago on June 29.The other two speakers at the breakfast are associated with unions having long histories of corruption. They were John Wilhelm, Pres. of the Hotel Employees and Restaurant Employees (HERE), and John Coli, Pres. of Teamsters Joint Council 25 in Chicago.