Elon Musk’s quarterly earnings reports for Tesla Motors always offer a little razzle, a little dazzle, soon-to-be-unfulfilled promises, and rationalized failures.
This go-round was no exception, and after yet another shortfall of financial and vehicle delivery expectations, perhaps the biggest surprise was the revelation that $1.3 billion in subsidies from Nevada taxpayers won’t be enough to get the hyped Gigafactory completed.
Spending and construction have only just begun on what is supposed to be Tesla’s battery-making monster. According to its 10-Q filing with the Securities and Exchange Commission, $431 million was spent on the Gigafactory through June of this year, and $520 million is expected to be spent by the end of 2016. Tesla’s partner in the project, Panasonic, said last month it would raise $3.86 billion, with most of it targeted for the Gigafactory. Another $1.7 billion came in via yet another equity sale. Alas, it apparently … Read More ➡
The ambush murders of five Dallas police officers on July 7, followed ten days later by the murders of three Baton Rouge cops, outraged the nation. To the social media network of provocateurs called Black Lives Matter (BLM), however, these massacres were equivalent to recent white police “murders” of blacks. Though evidence negates such equivalence, many journalists are insisting that we see these events through the group’s lens. Rather than objectively pursue truth, they selectively use facts and manipulate language to propagate the view that blacks are being targeted for death and are justified in taking matters into their own hands. Case in point: Last December, as part of its annual Person of the Year issue, Time magazine praised BLM as having “weaponized protest.”
Since the start of this year, National Legal and Policy Center has published more than a half-dozen highly critical stories of Black Lives Matter and its … Read More ➡
Chuck Ross of the Daily Caller reports that the emails and other Democratic National Committee (DNC) documents made public by Wikileaks show evidence that the DNC sought to reward big political donors with appointments to federal boards and commissions. From the article:
The documents, which were circulated among top DNC officials in April, could raise legal questions for the party, says Ken Boehm, the chairman of the National Legal and Policy Center, a government watchdog group.
“The disclosed DNC emails sure look like the potential Clinton Administration has intertwined the appointments to federal government boards and commissions with the political and fund raising operations of the Democratic Party,” Boehm told The Daily Caller.
“That is unethical, if not illegal.”
… Read More ➡
Alana Goodman in the Washington Free Beacon today reports that Bill Clinton gave some thirty speeches for fees totaling $7 million, but that the actual identities of the sponsors is a “mystery.” The speaking fees were apparently routed through speakers bureaus and other entities, which the Clintons reported on Hillary’s disclosure forms as the source, obscuring the actual payer of the fees. From the article:
Ken Boehm, chairman of the National Legal and Policy Center, a government watchdog group, said the way the Clintons have handled these paid speaking engagements “suggests secrecy and non-transparency.”
“While those paying the exorbitant fees have included special interests with lobbying efforts to influence federal policy, even more troubling is the fact that the true financial sponsors are sometimes hidden through cut-out middlemen or anonymous donors,” said Boehm. “The tens of millions in speaking fees going directly to the Clintons should be completely transparent. Anything
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In the wake of the murder of three police officers in Baton Rouge, we are today asking Eric Schmidt of Google, Mark Zuckerberg of Facebook, and Jack Dorsey of Twitter to end their personal and corporate support for Black Lives Matter (BLM). The letters read in part:
Billionaires don’t have to worry about their personal security, but working people and the poor do.
Your support for Black Lives Matter is helping to fray the social fabric in cities all over the country, cities in which you do not live. The American people — both liberal and conservative — are increasingly concerned about corporate executives who put their own interests above those of our country.
BLM deliberately and recklessly seeks to poison the relationship between the police and ordinary citizens.
The most successful police forces practice community-based policing, which relies on mutual trust and respect. That is why it has been … Read More ➡
The sniper-style murders of five Dallas police officers last Thursday night should provoke universal outrage. Yet many observers are justifying them. While not defending the killings, they are assuming moral equivalence between the massacre and earlier deaths of criminal suspects in police custody. They claim the murderer, a black ex-Army reservist, Micah X. Johnson, killed by police during a standoff, was a “lone wolf,” not one of the peaceful protestors. This is nonsense. The tactics differ; the goals are the same. Dallas Police Chief David Brown, also black, admits Johnson was driven by a hatred of whites. And that’s what drives Black Lives Matter, the social network behind protests in Dallas and other cities that enables this attitude.
National Legal and Policy Center several times this year has put Black Lives Matter (BLM) and its enablers under the spotlight for poisoning debate on race. More than once, its members have … Read More ➡
Come July 1 is D-Day. On that date, Puerto Rico is set to default on nearly $2 billion in bonds, about $800 million of which is of the general obligation type. In response, Congress is wrapping up legislation that would allow the island to declare bankruptcy on $18 billion of over $70 billion in outstanding debt. On June 9, the House passed the Puerto Rico Oversight, Management and Economic Stability Act, by 297-127. Senate Majority Leader Mitch McConnell, R-Ky., also vows action. A seven-member board will exercise oversight. Supporters say the bill is a mere restructuring, not a bailout. Don’t believe them. Not only is it a bailout, it is a bailout unavailable to all 50 states. Bondholders will pay. To its credit, the Supreme Court ruled 5-2 last Monday, June 13, that a Puerto Rican law inspiring the House bill violated the U.S. bankruptcy code.
National Legal and Policy … Read More ➡
What is the point of prohibiting members of Congress from accepting personal gifts worth more than $50 if the the House Ethics Committee simply waives the rule?
Freshman Rep. Kathleen Rice (D-NY) has disclosed that she accepted substantial gifts from two donors to her political campaigns. Her office claims that the Ethics Committee waived the rule. The first was from a billionaire hedge fund operator named Lee Ainslie in the form of a private jet flight from New York to Boston. It was purported to be worth $3,300. A commercial flight would have cost about $300. According to the New York Post, which first reported the story, Ainslie and his wife have donated more than $80,000 to Rice’s various political campaigns.
The second was a gift of a ticket worth $2,500 to a gala opening of the Edward M. Kennedy Institute in Boston. The donor was a lawyer named … Read More ➡
Last month, CEO Mark Zuckerberg hosted a summit with “leading conservatives” at Facebook’s Menlo Park, Calif. offices, in which he sought to ease concerns about a liberal bias in the social media company’s “trending” features.
Whether that problem has been fixed or not, it appears that Facebook is currently engaging in “viewpoint discrimination” in another way, namely in its service which allows users to “boost” a story, for which Facebook receives a fee.
On Friday of last week, we posted a story on our website and on our Facebook page titled “Prosecutors Clear Police in Jamar Clark Death; Demagogues Cry Foul.” Authored by Carl Horowitz of our staff, it is the story of the exploitation of the shooting of a black suspect by two white police officers in Minneapolis by Black Lives Matter and other extremists to inflame racial tension.
Almost simultaneously, we posted another story titled “House Thwarts … Read More ➡