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.
A move by lawmakers in the state of North Carolina, which overturned a Charlotte ordinance that allowed individuals who claimed to be transgendered to use public rest rooms and shower facilities of their choosing, has drawn criticism from dozens of major corporations.
The City Council in February ordered that all public buildings, including schools, must permit persons to legally access rest rooms matching their gender “identity,” regardless of their biological sex. Even more tyrannical, the government decreed that all private businesses must make the same accommodations. As a result, the North Carolina General Assembly called a special session to pre-empt the April 1 implementation of the Charlotte ordinance, while at the same time allowing for businesses and local agencies to determine their own policies free and independent from the diktat.
We are asking Federal Trade Commission (FTC) Chair Edith Ramirez to address “contradictions” in testimony she gave to the Senate Judiciary Committee on March 9 regarding the FTC’s dropping of an antitrust action against Google in 2013.
The request points to a variety of evidence obtained through open government laws that suggests that Ramirez and other FTC officials have unusually close relationships with Google, and that those relationships may have helped the company avoid antitrust action.
The Wall Street Journal recently reported that General Motors has paid over a billion dollars in cash and stock to acquire Cruise Automation, a San Francisco startup company that designs self-driving software. The technological and regulatory obstacles facing autonomous driving development are huge, but don’t expect that to stop GM from throwing billions of shareholder dollars at the latest hyped wonder-technology.
The American network of demagogues known as Black Lives Matter normally aims its venom at those here who get in its way. But the group also acts globally. Operating on the old adage, “The enemy of my enemy is my friend,” this instant mob service is forging ties with a worldwide anti-Israel campaign, Boycott, Divestment and Sanctions, or BDS. Claiming the high moral ground, BDS is committed to the destruction of Israel in the name of "justice" for neighboring Palestinian Arabs. It views Israel much as Black Lives Matter views America: a white colonial occupation force oppressing “people of color.” The two groups are a match. Yet their political synergy is dangerously naïve.
A watchdog group is asking for an investigation of David H. Stevens, a former Federal Housing Administration (FHA) official, who currently serves as President and CEO of the Mortgage Bankers Association (MBA).
The National Legal and Policy Center (NLPC) today asks in dual requests to the U.S. Attorney for District of Columbia, and the Inspector General of the Department of Housing and Urban Development, that Stevens be investigated for possibly violating the statutory one-year ban on having contact with his former agency, as well as the lifetime ban on having contact with officials on matters on which he worked while in government. Click here to download a copy of the requests.
“Fool me once, shame on you; fool me twice shame on me.” That is a cliché that investors should keep in mind if they are considering buying into General Motors’ latest debt offering. In fact, holders of GM common stock should also assess the growing similarity that New GM has with the bankrupted Old GM.
When the curtain rises on the 88th annual Oscar film awards next Sunday evening, February 28, tens of millions of TV viewers, along with attendees at the Dolby Theater in Los Angeles, will feel extra pangs of anxiety. For the focus this year is as much on race as it is on who will win. From the time of the announcement of the 20 acting nominations on January 14, racial grievance hustlers, from Al Sharpton to Jesse Jackson to scheduled emcee Chris Rock (in photo), have hectored the Motion Picture Academy over the nominees being all white. This, they say, proves racism is rampant and that “reforms” are needed. Don’t believe them. Their facts are selective. And their goals are money and power at the expense of integrity of judgment.
It has now been more than three months since news broke that General Motors, once again, failed to properly protect owners of its vehicles from risks resulting from shoddy quality control. The latest incident involves about 1.4 million GM vehicles that were at risk of erupting into flames due to engine oil seepage. The at-risk vehicles were previously recalled by GM years ago, but the quick-fix remedy offered by GM did not solve the underlying problem.