Here are my remarks delivered today at the Walmart annual meeting in Fayetteville, Arkansas in favor of our shareholder proposal that asks for a report on the business risks of climate change:
Mr. Duke, I have some good news for you. You can stop worrying about global warming. The seas are not rising. The sky is not falling. And Al Gore has found a new role – as that crazed sex poodle.
During the elections last year, the American people spoke. Voters chose economic growth over pseudo-science and environmental alarmism. As a result, cap and trade legislation supported by Walmart is dead, and may be forever.
Cap and Trade was never about global warming. Instead it’s about politicians imposing a command economy on us, and raising taxes in order to enhance their own power.
Wal-Mart supported ObamaCare, too, which was never about health care. And it is even more unpopular … Read More ➡
I will speak tomorrow at the Walmart annual meeting in favor of our shareholder proposal asking for a report on the business risks of climate change. The meeting takes place on Friday, June 3 in Fayetteville, Arkansas.
The supporting statement appearing in the proxy reads, in part:
Wal-Mart has committed itself to dramatic measures to reduce carbon emissions, and to support controversial political positions, even as scientific and political factors related to global warming are rapidly changing.
Documents and emails released from the Climatic Research Unit (CRU) of the University of East Anglia in late 2009 exposed vulnerabilities in the reliability and objectivity of key information provided to the United Nations’ influential Intergovernmental Panel on Climate Change (IPCC). In 2010, the IPCC acknowledged its Nobel Prize-winning 2007 report on global warming included inaccuracies and exaggerated claims based on questionable data sources.
According to the Wal-Mart 2009 Sustainability Report:
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.
We have criticized President Obama, former GOP Chairman Michael Steele and other politicians who have consorted with Sharpton. Gingrich must now admit that he made a mistake, and publicly repudiate Sharpton and all he stands for.
In October 2009, I analyzed the Gingrich/Sharpton alliance this way:
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.
Burum is on the board of Vandalia Heritage Foundation, one of several nonprofits on whose behalf Mollohan secured hundreds of millions in earmarks. Burum was also the Executive Director of the California-based National Housing Development Corporation (NHDC), which received $31 million in earmarks from Mollohan between 2001 and 2006. Vandalia President Laura Kuhns, who personally invested with Mollohan in real estate deals, was on the board of the NHDC, and still serves on the board of NHDC’s successor organization, called National Community Renaissance.
Burum has been a key campaign contributor over the … Read More ➡
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.
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.
After we exposed it, Rangel admitted in September 2008 to not paying taxes on rental income from a Dominican Republic beach house. We filed Complaints with the U.S. Attorney for D.C. and the IRS but Rangel has not faced prosecution or penalty. Moreover, Rangel admitted to failing to disclose hundreds of thousands in income and assets on his financial disclosure forms, which he signed under penalty of the False Statements Act, but the Public … Read More ➡
Under questioning by me, Pfizer CEO Ian Read refused to repudiate the company’s support for ObamaCare at the company’s annual meeting today in Dallas. The exchange took place after my remarks in favor our shareholder proposal on the company’s lobbying priorities.
When I asked Read if the company would drop its support for ObamaCare, he gave me a summary of what the company considers important in health care reform without directly answering. I said, “Sir, will you answer my question? A ‘yes’ or ‘no’ will do.” Read rambled further and I responded by saying, “But have already cast your lot with one side.” Finally, I said “I will take it as a ‘no.’ Thank you.” Here are my remarks in favor of our proposal:
Mr. Read, I am here for one reason, to urge a change of course on Pfizer’s support for ObamaCare. The mission of the National Legal and … Read More ➡
I will speak in favor of our shareholder proposal spotlighting Pfizer’s deal with the White House to support ObamaCare at the company’s annual meeting on Thursday, April 28 at the Renaissance Hotel in Dallas, Texas. The resolution itself asks for a report on Pfizer’s lobbying priorities. Our supporting statement in the Pfizer proxy reads, in part:
Pfizer played a key role in the passage of ObamaCare, even though a majority of Americans were opposed. CEO Jeffrey Kindler organized pharmaceutical CEOs in support of the bill, promoted a massive advertising campaign, and partnered with Left-wing groups normally hostile to Pfizer’s interests. For these actions, he received a multi-million dollar bonus.
According to media reports, Pfizer and other companies made an $80 billion deal with the Obama administration. In return for support of ObamaCare, the companies received (broken) promises of a guarantee of customers and insulation from certain kinds of competition. This
Today I discussed whether Wall Street will change the way it does business if Raj Rajaratnam is convicted, with Richard Roth of The Roth Law Firm, and CNBC host is Scott Cohn. Here is a transcript:
Scott Cohn: The jury in Raj Rajaratnam’s insider trading trial should begin deliberating later today. Galleon Group founder, Mr. Rajaratnam accused of making at least sixty eight million dollars by trading illegally. So we ask, if Raj is convicted will Wall Street change the way it does business? Joining us now is Richard Roth, founder of the Roth law firm and Peter Flaherty is President of the National Legal and Policy Center. Gentleman, it is good to talk to you. Mr. Roth, the cynic in me says regardless of what happens to Mr. Rajaratnam Wall Street is not going to change its ways is it?
From General Motor’s lavish presence at the New York International Auto Show taking place this week and next, you would think that the company is wildly profitable and that it has already paid back the $50 billion it got from taxpayers. Either that, or GM’s much-ballyhooed cost cutting has failed, and that its bad old habits are very much alive.
NLPC Associate Fellow Mark Modica and I spent Wednesday walking the floor of the show at the massive Jacob Javits Convention Center on New York City’s west side. It is impossible to know how much GM is spending on displaying its vehicles, technologies and related events, but it is more than any other car company. And it is certainly too much.
Some simple metrics quantify GM’s spending binge at the show. First, there’s square footage of display space. GM’s main display space occupies the entire North Hall of the Javits … Read More ➡