General Motors announced today that CEO Mary Barra will not attend a ceremony on November 17 at which she was scheduled to receive an award from the National Women's History Museum (NWHM).
On Monday, we asked the museum to rescind the planned award to Barra in light of questions about her "credibility and veracity" in the wake of Sunday's report that GM ordered 500,000 ignition switches from a supplier almost two months before it reported the safety defect to the government.
The evidence continues to mount that General Motors has been less than transparent, if not outright culpable, regarding its ignition switch recall fiasco. As the death toll mounts (from the original 13 casualties reported by GM to the just revised 32 deaths) for victims involved in crashes of GM vehicles with defective ignition switches, new evidence has emerged that GM actually ordered replacement parts for the defective switches a full two months before they even reported a problem.
Today I sent the following letter to Dr. Gretchen Green, the Acting Chair of the National Women's History Museum:
We ask the National Women's History Museum (NWHM) to withdraw its planned award to General Motors CEO Mary Barra.
As you know, Barra is scheduled to receive the Katharine Graham Living Legacy Award on November 17 as part of your annual de Pizan Honors at The Mead Center for American Theater at Arena Stage in Washington, DC.
Barra has indeed made history - of the wrong kind.
Every so often a General Motors' truck owner forwards me their story regarding problems with brake line rust, a problem that executives at GM refuse to acknowledge. One recent such correspondence tells of one of the highest repair bills that I have heard of relating to corrosion and failed brake lines. Repairs were made to the vehicle after the owner narrowly avoided an accident as a result of failed brakes due to the corroded brake lines.
America is on the verge of energy independence. We now pump as much oil as Saudi Arabia. Investments in new technologies are paying off, buoying our economy with new jobs and lower energy prices. What's not to like?
Well plenty, if you are an activist who takes your lead from an organization called 350.org that wants to end the use of oil, gas and coal. The "350" comes from the group's goal of reducing the amount of carbon dioxide (CO2) in the atmosphere from its present level of 400 parts per million to 350. Its unclear what good such a reduction would do. CO2 is naturally occurring and is always present in the atmosphere. It's what we exhale.
It must be difficult for the Mom and Pop investor to make sense of General Motors' recent earnings announcement and subsequent drop in share price. On Thursday morning, GM reported earnings that were trumpeted as being "impressive" by one major financial TV network. In fact, early in the day, headlines at the network stated that the entire market was being driven higher by strong earnings at GM and Caterpillar. That hyperbole came into question when GM share price dropped about 3% on a day that the broader markets were strong.
Environmentally conscientious, wealthy car enthusiasts are in luck! The much-hyped "D" unveiling came last week as Tesla CEO, Elon Musk, presented what appears to be a very impressive version of its plug-in Model S electric car called the P85D. Boasting 691 horsepower, 687 ft/lb of torque, AWD and a blazing 3.2 second zero to sixty time, the new rich peoples' toy is expected to cost in the neighborhood of $120,000. In fact, the car is so darn impressive that the only obvious question is why in the world do we need to give the affluent purchasers of cars like this a federal tax credit of $7,500 each?
Google CEO Eric Schmidt recently called global warming skeptics liars. According to Thomas Lifson of the American Thinker:
Google, one of the richest and most powerful companies in the world, is doubling down on the theory that atmospheric CO2 is causing global temperatures to rise (even though they haven't for the last 17 years despite a large increase on CO2). Moreover, Google is withdrawing its financial support from a group, the American Legislative Exchange Council, which it supports on other grounds, because of that group's questioning of the climate change dogma whose models have failed to predict the last 17 years of evidence. Ars Technica reports:
For Al Sharpton, October 1 through 3 was a 60th birthday celebration to savor. But the most memorable part of that three-day occasion may have been something definitely not on the itinerary. Last Wednesday night, following a corporate-sponsored fundraising banquet for Sharpton's nonprofit National Action Network (NAN) at Manhattan's Four Seasons restaurant, a close associate, attorney Sanford Rubenstein, allegedly raped an unnamed 42-year-old black woman who is a ranking NAN official. The two had gone to Rubenstein's nearby penthouse with another woman following the dinner.
Cadillac sales continue to sputter at General Motors. In fact, the brand is the only make at GM that has seen a year over year sales decline for the period ending in September at a time when the auto industry was booming. Specifically, Cadillac has logged in 127,837 sales for the first nine months of 2014 compared to 133,414 in 2013 for a sales decline of 4.2 percent. GM will now offer frequent flyer miles to help spur sales at the division.