General Motors shares fell 5% on Wednesday after May auto sales figures were reported. Most auto manufacturers were hit as sales for the industry fell pretty much across the board. Excuses for the industry shortfall ranged from higher prices for vehicles to Japan parts shortages. GM cannot claim the latter, since they earlier declared that there were no issues with parts supplies. The one telling statistic on GM is one that was not reported in most of the media coverage, which was the fact that incentives at the automaker were, once again, well above industry averages.
There is nothing unusual about a judge invalidating a law on procedural grounds. But the ruling last week overturning Wisconsin's new law restricting collective bargaining rights for state and local government employees might even fall short on a technicality test. Supporters of embattled Republican Governor Scott Walker are saying as much in the wake of Dane County (Madison) Circuit Judge Maryann Sumi's decision last Thursday, May 26 that the conference session to move the legislation to a full-floor Senate vote this March violated the state's Open Meetings Law.
According to a report in USA Today, venture capitalists are throwing tons of money into clean and “Green” technology companies. In fact, investor Alan Salzman of VantagePoint Capital Partners says, “It's not alternative: We think of it as mainstream."
How mainstream? The newspaper says:
Several venture capitalists interviewed say it could be hundreds of billions of dollars — if not more — when adding up various slices, such as wind (estimated $60 billion) and solar ($20 billion to $30 billion).
When President Obama in March 2010 signed the Patient Protection and Affordable Care Act (P.L. 111-148), the nation's most expensive social legislation in decades, he announced, "The bill I'm signing will set in motion reforms that generations of Americans have fought for and marched for and hungered to see." Yet what the law seems to have set in motion is a rush to obtain exemptions from group coverage requirements.
The Barack H. Obama Foundation no longer states on its website that contributions are tax deductible. It has also stopped using an Arlington, Virginia address that we found to be a mail-forwarding service. The only address it now uses is in Kenya.
These changes are in apparent response to our May 8 request of the Internal Revenue Service to investigate the Foundation, named for President Obama's father, and founded by his half-brother Abon'go Malik Obama. We alleged that the Foundation never applied for tax-deductible status and has never filed an IRS Form 990, the annual tax return for nonprofit organizations.
Whether the preferred term is "affirmative action," "diversity" or "quotas," the nation continues its long march, and with remarkably little political opposition, toward mandatory equality in outcomes by race and sex. The unrelenting nature of this trend is evident in a 36-page report issued last month by the Congressional Research Service (CRS).
Last month NLPC reported that Duke Energy CEO James Rogers faced increasing questions about his leadership, in part because of conflicts of interest with top company officials and the Indiana Utility Regulatory Commission. Now the state’s Ethics Commission has fined a former top lawyer at IURC because he discussed a potential job with Duke while he participated in cases that would determine cost recovery for the utility’s controversial Edwardsport coal gasification plant.
Today we are asking Republican presidential candidate Newt Gingrich to repudiate Al Sharpton. Gingrich appeared around the country in late 2009 as part of something called the Education Equality Project. At that time, we asked Gingrich to sever ties with Sharpton, only to be ignored.
Now that Gingrich has gone from private citizen to candidate, he must be made accountable for his associations. As Dr. Carl Horowitz of our staff has documented in our 2009 Special Report titled Mainstreaming Demagoguery: Al Sharpton's Rise to Respectability, Sharpton has promoted fake hate crimes against blacks, and has inspired racial antagonism against whites and Jews.