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.
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.
Anyone doubting the influence of the loosely-knit band of demagogues known as Black Lives Matter probably wasn't at the White House last Thursday, where President Obama met with black leaders to discuss race, crime and policing. Among the attendees were Al Sharpton, National Urban League President Marc Morial, Rep. John Lewis, D-Ga., and Black Lives Matter activists DeRay McKesson and Brittany Packnett (in photo). Obama invited McKesson and Packnett as a gesture to young blacks. Their inclusion underscores the summit's unspoken assumption: White lives don’t matter.
Submitted by NLPC Staff on Wed, 02/10/2016 - 12:23
New York physician Dorothy Ogundu has been sentenced to 1 to 3 years in prison for ripping off City, State and federal programs for a fake health clinic. The Nigerian-born Ogundu was convicted in October on 29 counts, including second-degree grand larceny, forgery in the second degree, and first-degree offering a false instrument for filing.
The prosecution was based on information uncovered by the National Legal and Policy Center (NLPC), and made public through a New York Post article in April 2012. The Ogundu exposé was a spinoff of our investigation of Rep. Gregory Meeks (D-NY), who secured a $380,500 earmark for the "clinic."
The nonprofit is called Sociedad Economica De Amigos Del Pais. Its funding comes from corporations doing business with the Commonwealth government. According to its federal tax return, Antonio makes $70,000 per year for a forty-hour work week. The group is a resurrected version of a nonprofit founded as the Hispanic Education and Legal Fund (HELF) in 1996 by New York union boss Dennis Rivera and former New Mexico governor Bill Richardson.
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.
A nonprofit group founded by ex-New York SEIU boss Dennis Rivera has received big contributions from corporations that do business with the Puerto Rican government, while employing the governor’s brother as its only employee. This arrangement was reported today by Alana Goodman of the Washington Free Beacon, based on information provided by NLPC.
When it comes to standing up to racial shakedowns, political leadership is in short supply in Missouri, as it is in other states. On January 9, Sen. Roy Blunt, R-Mo. (in photo), facing re-election, squared off against his Democratic opponent, Missouri Secretary of State Jason Kander, at Harris-Stowe State University in St. Louis. The event, sponsored by the state’s Martin Luther King Celebration Commission, revealed a disturbing acquiescence by the candidates to the radical Black Lives Matter. A co-emcee kicked things off by declaring: “Black lives matter. Period.” Once at the podium, Sen. Blunt, rather than offer a rebuke, responded: “Black lives matter – we do need to say that.” Kander proved even worse. And they aren’t the only politicians in the state to roll over.