In this 23-page report, NLPC Associate Fellow Fred N. Sauer looks at Wind Capital Group (WCG), a St. Louis-based company that has been the recipient of Obama administration stimulus funding, as well as other significant tax credits and subsidies.
WCG was founded in 2005 by Tom Carnahan, son of the late Missouri Democratic Governor Mel Carnahan and his widow, former Missouri Senator Jean Carnahan. He also is the brother of former Missouri Secretary of State Robin Carnahan and former Congressman Russ Carnahan.
The firm’s core activity is building and operating wind farms in the Midwest, with a focus on the northwest part of Missouri. But to really understand how the firm operates is to know who has become wealthy as a result. WCG is now almost wholly owned by an Irish company, NTR plc. The Carnahan family’s expertise is politics, not business. And Wind Capital Group, though touted as an …
NLPC Associate Fellow Fred N. Sauer asserts that General Electric is no longer a great industrial company, but is now dominated by its General Electric Capital Services (GECS) division. Contrary to the conventional wisdom of the financial media that GECS has been GE’s strength in recent years, Sauer argues that GECS is dangerously reliant on short-term financing to support its own lending. The result is a company ultimately dependent on political influence to mitigate the risk, creating opportunities for the well connected, like Warren Buffett.
Click here or on the image at the right to download an 18-page pdf version of the Report.
The role of CEO Jeffrey Immelt is explored and unfavorably contrasted to that of Jack Welch, his predecessor. Sauer charges that GE’s executives have put increasing their own compensation above the interests of shareholders- and taxpayers.
Authored by Carl Horowitz, director of NLPC’s Organized Labor Accountability Project, this Special Report examines the effect labor unions have on the workforce. As the recent events in Wisconsin showed, labor unions and their political alliies are as influential as ever. Unless major changes are made to the ways they function within the public sector, they’ll continue to undermine any economic recovery.
Click here or on cover at right to download a 27-page pdf of the Report.
This Special Report is published in association with Human Events.…
NLPC today released a special report titled Mainstreaming Demagoguery: Al Sharpton’s Rise to Respectability. It is a thorough examination of the character, career and impact of the controversial Reverend by Dr. Carl Horowitz of the NLPC staff.
Click here or on the cover to the right to download a 50-page pdf version.
Sharpton has been the subject of extensive media coverage and criticism in the past. But nothing so far has delved into Sharpton’s beliefs and tactics the way this report does. In particular, the report seeks to set the record straight, with details of Sharpton’s history, which includes anti-Semitism and incitement to violence.
The report also analyzes why, despite this well-documented background, Sharpton is treated as a respectable figure, with presidential candidates seeking his endorsement, George W. Bush welcoming him to the White House, and most recently, New York mayor Michael Bloomberg calling him a …
In this report published in August 2008, Dr. Carl Horowitz analyzes ICCR’s increasingly effective tactics, and the lack of will by shortsighted executives who submit to the demands of anti-business activists. Click here or on the cover to the right to download a 32-page pdf.
ICCR is a nonprofit coalition with a claimed membership of about 275 institutional investors, most of them of a religious nature, with a combined stock portfolio of more than $110 billion. The group operates on the belief that the best way to revolutionize a publicly-traded company is to become part of it. Investor affiliates introduce proxy resolutions at shareholder meetings, as part of campaigns to alter corporate behavior on a variety of issues, especially health care.
During the 2007 spring corporate meeting season, ICCR circulated a memo urging investors to vote against an NLPC-sponsored shareholder proposal asking companies to disclose their charitable giving. Ironically, ICCR …
Published in 2006 and updated in 2008, “Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business” was written by NLPC Director of Policy John Carlisle. Click here or its cover to the right to download the 24-page pdf version.
The Report details Wal-Mart’s journey from a company that embodied Sam Walton’s bedrock values to a powerful instrument of the political Left. The premise of the Report, that Wal-Mart cannot successfully satisfy anti-business activists, has been confirmed during the current fight over the so-called Employee Free Choice Act. Union-funded activists continue to harass and smear the company for its opposition to “card check.”
The Report has gotten noticed. Carlisle was a guest on Neil Cavuto’s show on the Fox News Channel on February 9, 2007, apparently prompting an appearance on the same show by then-Wal-Mart CEO Lee Scott to respond. The June 9, …
This 48-page monograph was written by NLPC President Peter Flaherty and NLPC Director of Policy John Carlisle. First published in 2004, it was extensively updated in 2008. NLPC recently gave permission to Cengage Learning to reprint pages 18-20 in a forthcoming book titled Global Viewpoints: Slavery.
Click here or on the cover to the right to download the pdf version.
NLPC is a critic of banks that caved in to pro-reparations activists. JPMorgan Chase, Bank of America, Wachovia and now-defunct Lehman Brothers “apologized” for alleged links to slavery.
In 2007, NLPC sponsored a JPMorgan Chase shareholder proposal that addressed the issue. The resolution was presented by Deneen Borelli, a Fellow of Project 21, an African-American leadership project.
The resolution read:
Resolved: Shareholders request JPMorgan Chase & Co. management to report to shareholders by October 1, 2007, at a reasonable cost and excluding confidential information, descriptions of initiatives
Published in January 2007, this Special Report by John Carlisle examined taxpayer support for AARP. The study found that federal funding accounted for $83 million, or about 10 percent, of AARP’s annual revenue of $878 million. AARP’s total assets are worth $1.6 billion.
On February 7, 2007, NLPC sent a coalition letter to then-House Speaker Dennis Hastert asking Congress to end all federal subsidies to AARP.
The letter was signed by Grover Norquist, President of Americans for Tax Reform; Paul Weyrich, National Chairman of Coalitions for America; Jim Martin, President of 60 Plus; J. William Lauderback, Executive Vice President of American Conservative Union; Thomas Schatz, President of the Council for Citizens Against Government Waste; Lewis Uhler, President of the National Tax-Limitation Committee; Terrence Scanlon, President of Capital Research Center; and Mary M. Martin, Chairman of the Board of the Seniors Coalition.
Hastert took no action on the request. In fact, …
Published in July 2007, the report compares “diversity training” to thought control. Click here or on the cover to the right to download the 16-page pdf version.
“Diversity training” is a term that describes a brief, but intensive program of lectures, presentation of written and audio-visual materials, and perhaps most ominously, participation in role-playing exercises, all of which are intended to heighten employee awareness of potential sources of racial and ethnic conflict. The report argues that diversity training is counterproductive and instead results in weakened company morale and increased racial resentment.
Carl F. Horowitz, director of NLPC’s Organized Labor Accountability Project and the study’s author, observes:
Even in mild form, diversity training is manipulative and abusive, creating a double standard in which blacks and other nonwhite employees can criticize or complain about whites, but whites can never answer in their own defense.
That CEOs and other corporate officials not
Published in September 2007, this Special Report by John Carlisle is subtitled “State Department Collaborates in Skirting U.S. Law Against Promoting Drug Use and Prostitution.” The Report is based on documents obtained by NLPC through the Freedom of Information Act (FOIA). Between 2001 and 2007, the United States Agency for International Development (USAID) awarded grants totaling $18.3 million to the Open Society Institute, the Soros Foundation Kazakhstan and the Alliance for Open Society International, all Soros-affiliated groups.
Click here or on the cover to the right to download a 12-page pdf version.
The Soros groups receive American taxpayer funds for the ostensible purpose of fighting AIDS in Central Asian countries. The programs, however, appear to reflect Soros’ social and political views in their administration. The groups operate needle exchange programs for drug users and provide “outreach” to prostitutes.
In addition, USAID and the US State Department have …