What's Hot
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.

5,629 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.

4,595 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.

3,749 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.

3,715 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.

3,973 reads
06/21/2011 - 10:04

Volt photoAs General Motors gambles on ramping up production of the Chevy Volt, a couple of new reports point to headwinds for demand of electric hybrid vehicles, like the Volt. A new British study disputes the perception of eco-friendliness of electric vehicles. The study takes into consideration driving, manufacturing and disposal and undermines the case being made for a rapid introduction of electric vehicles as a means to address environmental concerns.

6,950 reads
06/17/2011 - 11:44

National business associations have been targets of intimidation tactics by environmentalist groups for some time now. For example, Greenpeace trespassed on the grounds of the U.S. Chamber of Commerce, and the eco-gangs attacked their climate change positions to the point where individual members left the organization. Meanwhile “Green” investors have pressured companies to leave the chamber as well.

2,760 reads
06/17/2011 - 10:45

man hanging siding photoDelay, waste and corruption are nothing new to subsidized housing programs. An expose of the U.S. Department of Housing and Urban Development's HOME Investment Partnerships Program published in the May 14-17 Washington Post has reinforced the longstanding view of agency critics that too much money is going to line the pockets of developers who either are shady or in over their heads.

4,790 reads
06/15/2011 - 10:18

Lois FrankelNLPC has filed a formal Complaint with the Federal Election Commission (FEC) against Lois Frankel and her campaign committee. Democrat Frankel is running against incumbent Republican Rep. Allen West in Florida's 22nd Congressional District. Frankel is the former mayor of West Palm Beach, and announced her candidacy on March 21. She is opposed in the Democratic primary by businessman Patrick Murphy.

The Complaint alleges that Frankel reported more than $250,000 in income but failed to report virtually all of the expenses connected to fundraising or other campaign activity. The costs that apparently went unreported include direct mail, telephones, web hosting, a post office box, and the pay for a consultant named Brian Smoot. Click here to download a 6-page pdf of the Complaint.

2,971 reads
06/08/2011 - 11:42

On Monday, I revisted my Chevy Volt story on Eric Bolling's "Follow the Money" show on Fox Business Network. Here's a transcript:

3,862 reads
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