General Motors recently announced a couple of more ways to freely spend taxpayer money. While GM boasts of "investing" in politically-correct "green" initiatives and makes misleading job "creation or preservation" claims, shareholders continue to be neglected as share price languishes below the IPO price. Although GM seems to dislike the nickname of "Government Motors", its actions belie the company's perceived desire to run a profitable, publicly-owned corporation.
Elizabeth Warren (see photo) is an anomaly: a Harvard law professor and an outspoken populist. But as a ranking member of the Obama administration, she and her office are fast becoming unpopular - at least among many congressional Republicans. Since last September, Warren has served as acting director of the Consumer Financial Protection Bureau (CFPB), a powerful watchdog agency created by last year's financial reform overhaul.
And then there are the operatives who just want to make a buck off the “Green” scam with the creation of faux rankings. Such appears to be the case with GreenBusiness Works, which last week published its 2011 “Southeastern Corporate Sustainability Rankings.”
Once again, the media is uncritically reporting inaccurate claims by General Motors. GM says it is creating 4,200 jobs by spending $2 billion of taxpayer money on plant investments, but it is using the same misleading calculations employed by the Obama administration about job creation through the stimulus program. GM states that it will "invest" $2 billion, thereby "creating OR preserving" more than 4,000 jobs at 17 facilities. In other words, GM is equating keeping people employed in their present jobs with job creation.
A wealthy California developer with close ties to former Rep. Alan Mollohan (D-WV) was indicted today in a burgeoning corruption scandal in San Bernardino County. Jeffrey Burum, co-manager of Colonies Partners, was charged in a scheme to bribe county officials to approve a legal settlement favorable to Colonies. Click here to download a 27-page pdf of the indictment.
NLPC is asking the Internal Revenue Service (IRS) to investigate the Barack H. Obama Foundation, which is soliciting tax-deductible contributions from the public although it is not tax exempt. The Foundation is named for Obama's father and is apparently based in Kenya. Its founder and chairman is Abon'go Malik Obama (in photo), whose father is also the father of President Obama.
The Foundation has addresses in Kenya and in Arlington, Virginia to which it asks that donations be sent. Two members of the NLPC staff went to the Arlington address on May 6. It is a commercial mail drop facility where the clerk touted the fact that the address "looked like a real office address" and the facility could arrange to forward mail to any location in the world.
The National Labor Relations Board must have a broad definition of "coercion" when it comes to employers. With unions, the standard seems a lot narrower. On April 20, the board filed a 10-page complaint (see pdf) against Boeing alleging the company's decision in 2009 to locate its second assembly plant in South Carolina represented illegal retaliation against employees belonging to the International Association of Machinists & Aerospace Workers (IAM).
James Capel, who until February was a top aide to Rep. Charles Rangel (D-NY), pleaded guilty yesterday in Manhattan Criminal Court to charges resulting from his failure to file a tax return for the years 2007, 2008 and 2009. Capel reportedly did not file a tax return from 2003 onward, but was saved from prosecution by the statute of limitations for the earlier years. Capel must pay $42,088 in back taxes and pay a $1,000 fine.
Dave Bing, the mayor of Detroit, knows all about performing under pressure before a crowd. As a Hall of Fame point guard with the Detroit Pistons, he routinely went up against the NBA's best. But as that debt-ridden city's mayor for the last two years, he's become embroiled in a potentially cataclysmic showdown with its four dozen public employee unions. Presenting his proposed 2011-12 budget to the city council before a packed house on April 12, Bing declared that municipal workers must contribute more toward union-negotiated health and pension plans.