Wall Street, media and government darling Tesla Motors has seen its stock price nearly halved from seven months ago. For so long it has seemed that ongoing bad news never had an effect on the heavily subsidized upstart, but now perhaps the Teflon is eroding off CEO Elon Musk.
The precipitous, rapid descent preceded last week’s horrid earnings report. USA Today helped smear lipstick on the pig, cheerily noting shares rose “14 percent at one point” after its earnings “miss” on Wednesday, because Musk delivered investors a "rosy outlook for the rest of 2016." This was in context of what the newspaper characterized as a “whopping loss” that “badly missed estimates.”
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.
Ridesharing, that scourge of the taxi industry, is getting an upgrade, union-style. On December 14, the Seattle City Council voted 8-0 to authorize union organizing of independent drivers for Uber, Lyft and similar livery services. The ordinance, the result of pressure from a Teamster local and several rideshare drivers, would require such businesses to hand over lists of drivers to a union. Labor activists argue that drivers, though classified as contractors, are treated as employees and thus should be able to collectively bargain. Yet this view ignores the features of ridesharing that make it so attractive to customers and drivers alike. Uber and Lyft, meanwhile, say the measure violates federal labor and antitrust laws.
The influx of giant technology companies into North Carolina to build artificially “green and clean” data centers, which they say are powered by their nearby solar farms, has led to a revelation that discredits their claims.
The stunning admission: that electricity derived from solar sources is thoroughly unreliable.
The information was unearthed in a report last week by Carolina Journal, a publication of the conservative John Locke Foundation. In a filing with the state’s Utilities Commission, a solar company affiliated with Google reported that the trustworthiness of the energy produced by its proposed facility would be non-existent.
According to unconfirmed reports, the FBI is now investigating the possibility that donors were directed to the Clinton Foundation in return for favors from the State Department when Hillary Clinton was Secretary of State. This would be in addition to the ongoing investigation into Hillary’s use of a private email account for official business.
We hope the FBI is reviewing the circumstances described below that we uncovered and have already made public: