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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.

3,832 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.

3,768 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.

4,037 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.

7,022 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.

2,813 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.

4,912 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.

3,016 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:

3,911 reads
06/08/2011 - 07:30

gas price signGeneral Motor's CEO, Dan Akerson, wants higher gas taxes and the price of a gallon of gas to increase closer to $5 a gallon. Are you kidding me?! The comments were made in an interview with the Detroit News. Regarding government imposed fuel efficiency increases Akerson stated, "You know what I'd rather have them do, this will make my Republican friends puke, as gas is going to go down here now, we ought to just slap a 50-cent or a dollar tax on a gallon of gas. People will start buying more Cruzes and they will start buying less Suburbans." With comments like these, Akerson might make average Americans and GM investors "puke" along with those Republicans.

4,247 reads
06/07/2011 - 13:04

Walmart/green photoRecently a guy who is trying to sell a book about Wal-Mart’s supposed “Green” heroism, Edward Humes, has written in various places about the giant retailer’s eco-friendly innovations and efficiencies. The tone has been, “Hey, believe it or not, this mass merchant practices sustainability!”

4,502 reads
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