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?
Under federal law, workers have as much right to leave a union as they do to form one. Yet that principal may not necessarily apply in California. For at least the past year a de facto alliance between the United Farm Workers (UFW) and a state agency, the California Agricultural Labor Relations Board, has been making it very difficult for employees of a major grower, the Fresno-based Gerawan Farming, to decertify the UFW as their bargaining agent. And the workers are signaling their frustration. On August 26, hundreds of Gerawan workers marched on the board's Visalia regional office to demand a count of a decertification vote held last November. The board's justification for its inaction is that Gerawan broke the law in various ways. Yet there has been no investigation of the UFW-driven allegations.
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.
Al Sharpton turned 60 last Friday. That's a psychological landmark in any man's life. But if the New York-based civil rights activist, preacher, politician and media star is feeling blue, he can console himself with the reported $1 million in pledges from corporate and other donors to his nonprofit National Action Network (NAN). The celebration kicked off on Wednesday with a NAN-sponsored two-day education summit at New York University. On October 1, Sharpton held a celebration at Manhattan's Four Seasons restaurant. The crème of New York Democratic Party politics were in attendance, including New York City Mayor Bill de Blasio, Gov. Andrew Cuomo, Rep. Charles Rangel and Sen. Kirsten Gillibrand. From the world of black arts and entertainment, Aretha Franklin and Spike Lee were present.
A special inspector general report on compensation for executives at General Motors and Ally Financial blasts the Treasury Department for allowing excessive pay at the companies as taxpayers lost billions of dollars on the auto bailouts. The watchdog group issuing the report monitors the Troubled Asset Relief Program (TARP), which was set up to save financial corporations deemed "too big to fail" due to systemic risk to America's financial system. The program was expanded to allow for the bailing out of the auto industry, despite the questionable use of funds specifically designated for financial institutions.
According to the report, at minimum there is sharp debate over whether the company will continue to manufacture electric vehicle batteries in-house or contract with an outside supplier. Nissan partner Renault, which has 43.4 percent shareholder ownership in the joint company, is said to be pushing for outsourcing battery production – possibly to LG Chem. None who revealed the information were identified for the Reuters story.
Labor officials are about the last people to be impressed by evidence that hiking the minimum wage drives up entry-level unemployment. These last several weeks they've been putting words into action in targeting fast food restaurants. Unions, led by the Service Employees International Union (SEIU), are retooling their campaign to establish a $15 an hour minimum wage for fast food employees, more than double the current $7.25 an hour basic federal minimum. Hundreds of protestors, though not necessarily union members, were arrested for blocking traffic on Labor Day. President Obama voiced his approval of the campaign that day in a speech. And the SEIU has called for a nationwide strike.
A Republican that leftists turn to for a good “enviro-kumbaya” session came through with the rhetoric again this week. Most recently known for his partnership with statists Tom Steyer and Michael Bloomberg in the shame-the-capitalists effort called “Risky Business,” Paulson delivered a financial market parallelism on climate change that any Occupy Wall Streeter would be proud of.