What was a prolonged hibernation for “Risky Business,” after its brief burst of ballyhoo early last summer, has finally ended. The well-paid consultants and staffers for megarich global warming activist Tom Steyer (pictured in center) are back after his failed financial foray ($74 million) to elect Democrats to the Senate.
After the June 2014 release of its first report, Risky Business: The Economic Risks of Climate Change in the United States, they decided to carve that sucker up by geography. Last week they announced to the world that we first must alert folks in flyover country with the new report, Heat in the Heartland: Climate Change and Economic Risk in the Midwest. It’s clear from their Web site that future regional reports are to come. Steyer’s Risky Business partners Michael Bloomberg and Henry Paulson also threw their names on the Midwest report “findings.”
Timing is everything. And in this 300+ page book titled Sharpton, A Demagogue's Rise, longtime Sharpton watcher and critic Carl F. Horowitz could not be more timely.
The cold-blooded murder of two New York City police officers followed weeks of Sharpton's vilification of law enforcement. The controversial minister and activist now finds himself front and center, a position he has always sought, but in a way he did not plan.
Horowitz not only explodes the myths about Sharpton by carefully documenting his past, but indicts a political culture that made possible his spectacular rise.
General Motors recently announced that it bought back preferred stock from the UAW Retiree Medical Benefits Trust and the Canadian government. The deal closed in December of 2014 and supposedly will result in a reduction to GM's fourth quarter earnings to the tune of $800 million. GM had the option to redeem the shares at face value after December 31st of 2014. The timing of the deal brings into question the motivation behind the move and also leads us to reexamine a previous preferred share buyback that occurred in late 2013.
Today I sent the following letter to Theodore Solso, Chairman of the GM Board:
As a shareholder, the National Legal and Policy Center (NLPC) asks General Motors (GM) to disclose all its contributions to charitable and nonprofit organizations by the company, the General Motors Foundation, or any other entity.
This request is prompted by the acceptance of various awards by CEO Mary Barra offered by charitable and nonprofit organizations at the same time some of the groups are recipients of large cash donations from GM.
Sound the trumpets! Here comes the next best, all-new, electric wonder-car from General Motors. The dust had not even cleared from the rollout of the new and improved 2016 Chevy Volt when GM CEO Mary Barra announced the newest Tesla-killer from GM, the Chevy Bolt. Let's hope that the engineers working on the Bolt put more thought into the design of the vehicle than the GM executives put into naming the car.
President Obama traveled to Michigan this week to declare the auto bailout a success. Interestingly, he toured a Ford plant. The company did not participate in the bailout. GM is still trying to shake the Government Motors moniker, and that was certainly the reason for Obama's nonvisit.
But despite that legislatively unanimous award from three months ago, and a stock price that has flown high for most of the year, there are signs that the shine over the luxury electric automaker is beginning to dull.
Perhaps the most noteworthy skepticism has arisen from popular automotive Web site Jalopnik, which otherwise has been a fairly reliable (but not robotically so) cheerleader for Tesla. An end-of-year article written by blogger Damon Lavrinc recounts the automaker’s legacy of non-fulfillment and asks, “What will Tesla and Elon Musk over-promise next?”
Here is a letter I sent today to C. Douglas McMillon, Walmart President and CEO:
We ask that Walmart end its financial support of Al Sharpton and his organization, the National Action Network (NAN).
The cold-blooded murder of two New York City police officers, Rafael Ramos and Wenjian Liu, follows weeks of Sharpton's vilification of law enforcement personnel.
As you know, Walmart has helped bankroll Sharpton for years. Most recently, the company was a sponsor of Sharpton's 60th birthday party in New York City, which reportedly was a fundraiser for NAN that raised a million dollars.