The United States is broke. The federal government has to borrow 40% of each dollar it spends. We send billions to lending institutions, most of all, the World Bank, to which the American taxpayer is the biggest contributor. Yet this debt load may be on the verge of increasing. The government of Argentina currently is demanding a $3 billion loan from the World Bank. Argentina makes for an unreliable debtor. Burdened by decades of corruption, nationalization and devaluation, Argentina has a long history of refusing to pay its debts.
How bad a credit risk is Argentina? It’s bad enough to have defaulted on $81 billion in bonds back in 2001, touching off worldwide legal battles that rage on to this day. In the U.S. courts, literally a hundred judgments have been entered against this deadbeat nation, ordering it to pay its debts. Yet Argentine officials have ignored these judgments. And they have done so by expressing contempt for our legal … Read More ➡
In this 23-page report, NLPC Associate Fellow Fred N. Sauer looks at Wind Capital Group (WCG), a St. Louis-based company that has been the recipient of Obama administration stimulus funding, as well as other significant tax credits and subsidies.
WCG was founded in 2005 by Tom Carnahan, son of the late Missouri Democratic Governor Mel Carnahan and his widow, former Missouri Senator Jean Carnahan. He also is the brother of former Missouri Secretary of State Robin Carnahan and former Congressman Russ Carnahan.
The firm’s core activity is building and operating wind farms in the Midwest, with a focus on the northwest part of Missouri. But to really understand how the firm operates is to know who has become wealthy as a result. WCG is now almost wholly owned by an Irish company, NTR plc. The Carnahan family’s expertise is politics, not business. And Wind Capital Group, though touted as an … Read More ➡
A Newark nonprofit tied to associates of Cory Booker acted as a clearinghouse for lucrative construction contracts in exchange for donations to his charity and mayoral campaign, The Post has learned.
The Newark Downtown Core Redevelopment Corp., founded in 2005 to buy land for the Prudential Center and develop the surrounding area, has not completed its mission and had doled out multimillion-dollar contracts to companies that made donations to Booker’s pet causes.
Among those firms was the largest demolition company in New Jersey, which raked in $4.7 million from the nonprofit in 2007 and 2008.
“The Newark Downtown Core Redevelopment Corp. was supposed to be a nonprofit that would help eliminate downtown blight, according to Mayor Cory Booker,” said Ken Boehm, chairman of ethics watchdog group National Legal and Policy Center. “Instead, the group was plagued with
NLPC Chairman Ken Boehm was interviewed for CNN’s “The Truth about the IRS Scandal” airing this week on “Erin Burnett OutFront,” at 7 p.m. and 11 p.m. ET. He has this op-ed posted today on the CNN website today:
America can handle the truth. Even if that truth could include a coverup at the powerful IRS.
The IRS mission statement pledgesto “enforce the law with integrity and fairness to all.” But public scrutiny has revealed details indicating a level of politicization totally at odds with that.
NLPC Associate Fellow Paul Chesser was a guest on the Willis Report on Fox Business Network last night. Here’s a transcript:
Gerri Willis: Well, onto electric cars. Uncle Sam is back to doing what it does best – wasting your taxpayer dollars. Over one hundred and thirty million granted to a California company to build a network of electric car chargers in major cities. Chargers, our next guest says, may not even work for electric cars. Joining me now, Paul Chesser, associate fellow for the National Legal and Policy Center. What are you talking about? These charge centers won’t even work?
Paul Chesser: Well, it depends on what kind of car you have, Gerri. There are three different technologies out there, there is the Japanese, which this particular boondoggle happens to work with, there is another one that most … Read More ➡
The syndicated TV program Inside Edition tonight ran a report on the questions we have raised about who paid for New York mayoral candidate Anthony Weiner’s wedding. Tom Anderson, the director of the our Government Integrity Project, was interviewed on-air. Click here to read a transcript of the story.… Read More ➡
The National Legal and Policy Center (NLPC) announced today the launch of FauxEnterprise.com, a satirical mimic of the U.S. Chamber of Commerce’s Free Enterprise website at www.freeenterprise.com/tour.
The Free Enterprise site chronicles the “Free Enterprise Tour,” which would be a welcome undertaking if not for the sponsorship of bailed-out General Motors. According to NLPC President Peter Flaherty, “I don’t know who looks worse, the Chamber for not appreciating that the GM sponsorship looks silly to many people, or GM for acting like it’s a competitive company operating in a real marketplace.”
Flaherty said, “The auto bailout was not about preserving free enterprise, or even saving jobs. It was about bolstering the political power of the United Auto Workers (UAW). Today’s GM is not a capitalist success story but instead is an example of state-directed crony capitalism.”
“There has been no GM comeback. The U.S. Treasury still owns a significant … Read More ➡
New Jersey Senator Robert Menendez and a married New Jersey woman named Cecelia Reynolds traveled to Puerto Rico in 2007, where they were guests at the Governor’s beach house, owned by the Commonwealth of Puerto Rico.
Photographic evidence appears to place them both at the beach house, and on the nearby beach, which is private and closed to the public.
It is not known how they traveled to Puerto Rico. In January, Menendez said he reimbursed $58,500 to Salomon Melgen, his largest political donor, for two private jet trips to the Caribbean, a substantial portion of his net worth. At the time Menendez said that there were no other trips.
In the fall of 2011 the National Legal and Policy Center (NLPC) submitted Freedom of Information requests to the Department of Labor and the Internal Revenue Service following an announcement that the administration was investigating homebuilders in an attempt to bolster union membership at the expense of housing sector jobs.
To read article by John Ransom at Townhall.com, click here.
NLPC Associate Fellow Mark Modica was interviewed on the Willis Report on May 28, 2013. Here’s a transcript:
Gerri Willis: Federal government finally, finally revving up an investigation into the Ford F150 pickup trucks with Eco-Boost engines. Now if you watch this show you would have known this was coming because earlier this month we reported consumer complaints about Eco-Boost engines. They shake or lose power during acceleration. That is a complaint. But little has been done about it from Ford or the federal government, for that matter. With more on this Mark Modica associate fellow at the National Legal and Policy Center. Mark, welcome to the show. You know, we’ve talking about this for a long time. Why is the federal government been so slow to act?
Mark Modica: Hi, Gerri. Well, I don’t know. There have been about a hundred complaints. As you said, the vehicles … Read More ➡