NLPC seeks to promote integrity in corporate governance, including honesty and fair play in relationships with shareholders, employees, business partners and customers. In doing so, NLPC places special emphasis on:
* Asserting that the social responsibility of the corporation is to defend and advance the interests of the people who own the company, the shareholders. True responsibility is fidelity to one’s own mission, not someone else’s, or someone else’s political agenda.
* Exposing the seeking of influence on public officials by corporations, which is the inevitable result of high levels of government spending and intervention in the marketplace.
* Combating practices that undermine the free enterprise system, including philanthropic giving to groups hostile to a free economy.
NLPC Chairman Ken Boehm sent this letter today to Freedom House President Mark Lagon:
I am sure that you are familiar with the furor over the alleged censorship of conservative stories by Facebook in its “trending" news section. As you know, Facebook is a funder of your annual Net Freedom Index.
On November 19, 2015, I wrote you regarding the appearance that the Net Freedom Index reflected the lobbying priorities of large Silicon Valley firms, rather than serving as an objective index of freedom on the Internet.
Social media is supposed to expand the possibilities of human communication. Yet an alliance of technology executives and black radicals is trying to restrict them. Case in point: Top officials of Crowdpac, Netflix, Twitter, Slack and YouTube donated sizable sums to the Baltimore mayoral campaign of DeRay McKesson (in photo, left). Though the donations didn’t produce victory, they were highly significant all the same. McKesson wasn’t just any political candidate. He’s chief strategist for Black Lives Matter, a collection of demagogues dedicated to stifling debate in cities and on college campuses. Corporate leaders defend their support as good for “diversity” and thus profits. Yet a diversity of opinion, most of all, has been the casualty.
The hearing comes amid allegations that Ramirez is not independent and takes her direction from Google.
On March 9, Ramirez contradicted herself in testimony she gave to the Senate Judiciary Committee regarding the FTC’s dropping of an antitrust action against Google in 2013. She testified that the FTC decision not to sue Google was “consistent with the recommendation that had been made by our Bureau of Competition staff,” adding that any “press reports to the contrary are just flatly wrong.”
However, an FTC Staff report, portions of which were inadvertently released last year, revealed exactly the opposite. The Bureau of Competition staff sought an antitrust action against Google.
Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits?
If Tesla has proven that EVs can be profitably manufactured, it is time for our government to stop handing out the $7,500 tax credit that goes to each of the mostly affluent purchasers of the cars. The credits are capped for the first 200,000 vehicles delivered, making the total subsidy $1.5 billion. Tesla reportedly has doubled that sales figure before even building a … Read More ➡ “Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy”
As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers.
The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday, which spurred a number of similar follow-up stories in other media, and temporarily caused Tesla’s stock to dip. Long-time followers of the company know that is only a temporary condition, however.
Al Sharpton, shakedown artist extraordinaire, never has lacked energy in advancing the profile of his New York-based nonprofit, National Action Network (NAN). Thanks to corporations and unions, he isn’t lacking cash either. Last week, during April 13-16, NAN held its annual convention at the Sheraton Times Square Hotel in Manhattan. The fundraising event, featuring speeches by Democratic presidential candidates Hillary Clinton and Bernie Sanders, plus nearly 30 panel discussions, gave attendees what they came for: a mix of black grievance politics and socialist economics. If Sharpton’s corporate donors ever take time off from Celebrating Diversity, they might reconsider this odd partnership.
National Legal and Policy Center over the years repeatedly has emphasized that Reverend Al Sharpton’s ascension to the status of the nation’s most influential civil rights leader is the product of image self-reinvention. During the Eighties and Nineties, he was perceived – and rightly so – as a boorish, … Read More ➡ “Latest Sharpton Confab Rakes in Corporate and Union Dough”
Another Clinton Foundation donor with ethics problems received a loan from the Overseas Private Investment Corporation (OPIC) while Hillary Clinton was Secretary of State. This time, the dollar amounts are gargantuan, and the recipient is at the center of a corruption scandal in Pakistan.
According to a report in the Washington Free Beacon by Alana Goodman, a Middle Eastern investment firm called The Abraaj Group has contributed $500,000 to $1 million to the Clinton Foundation. Abraaj owns and manages a utility company named K-Electric in Pakistan. That country’s former oil minister, Asim Hussain, has been arrested for providing illegal favors for K-Electric and harboring Islamic terrorists in hospitals he owns. From the article:
The investigation has not impacted the U.S. government’s ongoing partnership with the Abraaj Group, which dates back to at least 2012. That year, the Overseas Private Investment Corporation—a federal agency that dispenses corporate loans under the
General Motors recently reported lackluster sales results for the month of March. GM share price took a hit on the news, but there is one fast-growing area of sales for the company that is outperforming other segments. Government sales for GM rose 55% in March and capped off a first quarter that saw government sales increase 23% over the prior year.
GM did not give an explanation for the increase in government sales, localities often contribute to the sales figures. In the past federal grants went to localities to pay for GM vehicles when the Obama Administration sought to prop up crony corporation GM in any way possible. Given the close ties between the Administration and GM, more transparency is needed as to exactly how taxpayer money is getting to GM.
A move by lawmakers in the state of North Carolina, which overturned a Charlotte ordinance that allowed individuals who claimed to be transgendered to use public rest rooms and shower facilities of their choosing, has drawn criticism from dozens of major corporations.
The City Council in February ordered that all public buildings, including schools, must permit persons to legally access rest rooms matching their gender “identity,” regardless of their biological sex. Even more tyrannical, the government decreed that all private businesses must make the same accommodations. As a result, the North Carolina General Assembly called a special session to pre-empt the April 1 implementation of the Charlotte ordinance, while at the same time allowing for businesses and local agencies to determine their own policies free and independent from the diktat.
We are asking Federal Trade Commission (FTC) Chair Edith Ramirez to address “contradictions” in testimony she gave to the Senate Judiciary Committee on March 9 regarding the FTC’s dropping of an antitrust action against Google in 2013.
The request points to a variety of evidence obtained through open government laws that suggests that Ramirez and other FTC officials have unusually close relationships with Google, and that those relationships may have helped the company avoid antitrust action.
By highlighting Ramirez' obvious efforts to mislead Congress, we seek to bring public attention to a larger problem. It appears that FTC officials operate much like employees of Google, and that Google calls the shots about its own oversight. This is the most extreme example of “regulatory capture” we have seen in Washington in recent years.