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.
In sports, there is a saying: “There’s nothing worse than a tie.” For public-sector unions, however, a tie is now reason to celebrate. Yesterday the U.S. Supreme Court announced it was deadlocked 4-4 over whether public-sector labor unions have the authority to force nonmembers to pay partial dues (“agency fees”) to keep their jobs. The tie, made possible by the February death of Justice Antonin Scalia, removed the likely deciding vote in favor of the plaintiffs, the leader of whom was a California teacher, Rebecca Friedrichs (in photo). During oral arguments in January, a 5-4 win for the plaintiffs appeared certain. The Court did not reschedule the case, and in so doing, left intact a dismissal of the plaintiffs’ claims by a federal appeals court. Mandatory fees remain a fact of life.
Ken Silverstein in the New York Observeradds important new information to the case of Clinton Foundation donor Gonzalo Tirado, which was first exposed by NLPC. Tirado headed Ponzi-schemer R. Allen Stanford’s bank in Venezuela, but now lives openly in Miami.
After the Stanford flame out, the Venezuelan Tirado sought political asylum in the United States. Although never charged with a crime stateside, Tirado was an extremely dubious candidate for asylum. It is unclear whether he was actually granted it, but Tirado now resides safely in Miami, even as Stanford victims still struggle to recover a portion of their investments.
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.
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.