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07/07/2011 - 08:08

Waters photoLast week's announcement by the House Ethics Committee that it is investigating Rep. Gregory Meeks (D-NY), a year after questions about his finances were in the headlines, has put the spotlight back on the Committee's ability to do its job.

The Committee recently hired 10 new and internal counsels, bumping their staff up to 23 members. But even with the beefed-up staff, the status of other, more high profile cases is still unknown.

2,775 reads
07/06/2011 - 09:25

GM truck photoIt looks like General Motors is up to its old tricks as it stuffs inventory channels with higher profit trucks. GM is able to record revenue when vehicles are shipped to dealerships as opposed to actually being sold to consumers, so the move will help to paint a false picture of positive second quarter earnings.

5,466 reads
07/05/2011 - 09:50

According to CNBC, General Motors has ramped up its lobbying efforts to the tune of $3.58 million in the first quarter of 2011. This is nearly triple the $1.36 million it spent in the first quarter of the prior year. It is also over double the $1.67 million spent by non-bailed out Ford in the same quarter. The $50 billion that taxpayers gave to bail out GM is now partially being distributed back to President Obama, Congress and a variety of agencies in an effort by GM to, well, receive more taxpayer money.

3,428 reads
07/05/2011 - 08:51

Meeks photoThe House Ethics Committee on Friday announced that it would "extend" a previously unacknowledged review of Rep. Gregory Meeks (D-NY).

In January 2010, we exposed Meeks involvement in a charity called New Direction Local Development Corporation that raised money for Hurricane Katrina victims who never received it, among other questionable dealings. In March 2010, we asked the House Ethics Committee to investigate Meeks for paying $830,000 for a newly built home in 2006 that was worth more than $1.2 million. Click here to download a 26-page pdf of the Complaint.

3,731 reads
06/29/2011 - 16:05

Laura RichardsonA Congressional watchdog group has asked the FBI to open a criminal investigation of Rep. Laura Richardson (D-Calif.). Citizens for Responsibility and Ethics in Washington (CREW) exposed internal emails and press reports that show Richardson repeatedly coerced her congressional staffers to work on her campaign or risk getting fired. "Richardson was vicious to her staff," CREW's Executive Director Melanie Sloan said. "She went through a lot of members."

3,335 reads
06/29/2011 - 10:27

Maxine Waters photoNancy Pelosi was quick to refer the Anthony Weiner scandal to the House Ethics Committee. Yet other more substantial matters, like the Maxine Waters trial, have languished for months.

In 2008, Waters, D-Calif., arranged a meeting with the U.S. Department of Treasury and OneUnited Bank. OneUnited claimed it was in dire need of federal cash as a result of its failed Freddie Mac and Fannie Mae investments. The Troubled Asset Relief Program (TARP) provided $12 million to the bank.

5,644 reads
06/28/2011 - 11:52

Trumka photoUnion leaders, frustrated over their inability to sway Congress, more than ever are relying upon the National Labor Relations Board to enact stealth legislation. The board, now with a Democratic majority, seems willing to oblige them. Case in point: an NLRB proposal announced last Tuesday, June 21, and published in the Federal Register the next day, to substantially reduce the duration of election campaigns for union representation. While the board touts the regulation as an overdue streamlining of an inefficient system, its covert motive, say critics, is to hamstring employer opposition.

4,604 reads
06/28/2011 - 08:53

The auto bailouts are now being touted by President Obama as a "success" even though the taxpayer is about to take at least a $10 billion hit when the government sells its remaining GM shares. There is, however, a missing dimension in this debate. It is the moral one.

Prior to General Motors filing for bankruptcy in June of 2009, I was involved as a GM bondholder advocate for a group called the Mainstreet Bondholders. Attempts were made by my group to bring about fair negotiations for creditors of GM, attempts that were ignored by the Obama Administration's Auto Task Force, headed by Steven Rattner. The Task Force stated that their goal was to restructure GM outside of bankruptcy as they laid out a "take it or leave it" bond exchange offer that was supposedly designed to keep GM out of bankruptcy.

3,765 reads
06/23/2011 - 17:29

Department of Labor headquartersThe consultants who advise employers on how to avert union organizing or collective bargaining demands soon may have to reveal a good deal more about themselves and their operations. This past Tuesday, June 21, the U.S. Department of Labor (DOL), to the delight of labor officials, published a proposal in the Federal Register to expand the circumstances forcing companies to disclose information about their advisers. Because the rule change would not apply to union consultants, it appears to be motivated heavily by politics.

3,724 reads
06/21/2011 - 15:56

Madison, Wisconsin demonstratorsPublic-sector unions in Wisconsin are having a hard time hiding their rage over the most recent round in the state's fiscal war. Last Tuesday, June 14, by a 4-3 margin, the Wisconsin Supreme Court upheld a new law curbing collective bargaining rights for most state and local employees, part of a larger (passed) budget bill. The decision overturns a permanent injunction issued May 26 by Dane County (Madison) Circuit Judge Maryann Sumi blocking the law on grounds that Senate Republicans violated the state Open Meetings Law.

3,984 reads
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