Category Archives: fools ‘n frauds

UAW to Demonstrate During Romney Speech at Ford Field

GM’s latest financial results added fuel to a raging fire as the elite political ruling class continues a contentious debate about the proper roll of government in the flagging U.S. economy in general, with the $80 billion auto bailout one of the focal points. One wag suggested that Democrats should run on “Bin Laden is Dead, GM is Alive,” a tough argument for Republicans and their ‘do nothing’ Congress to refute in the view of critics and what appear to be many pragmatic voters. Continue reading

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Cramming, the Latest Assault on Your Privacy and Pocketbook

The latest scam in our largely unregulated computerized world is ‘cramming,’ a criminal practice that imposes small charges on your phone bill for false services or products. The root cause is the lack of adequate security at phone companies, which allow thieves to corrupt the billing system and arrange for fraudulent charges. Continue reading

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U.S. and Chinese Nationals Charged with Economic Espionage to Firms Controlled by Communist Chinese Government

To achieve that communist government goal, companies controlled by the PRC government, specifically the Pangang Group companies named in the indictment and employees of those companies allegedly conspired and attempted to illegally obtain TiO2 technology that had been developed over many years of research and development by E.I. du Pont de Nemours & Company. Continue reading

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Local and Network TV See Steep Declines as News Sources

The long term declines in the number of people getting news from such sources as local TV and network news shows have steepened this year. The number of people gathering campaign news online, which had nearly tripled between 2000 and 2008, has leveled off in 2012. In previous campaigns, declining figures for traditional TV and newspapers as sources were at least partly offset by increasing numbers turning to the internet. Continue reading

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Japanese Suppliers Yazaki, Denso Plead Guilty of Price Fixing

The two-year price fixing sentences would be the longest imprisonment imposed on a foreign national for a Sherman Act antitrust violation. The fine amounts and prison sentences are subject to court approval and the potential influence of the U.S. State Department, which based on previous actions, cares little – if at all – in my opinion about competitive aspects of the U.S. auto industry or its effects on workers and the U.S. economy. In fact it can be argued that since the end of World War Two, State has actively pursued policies that strengthen offshore competitors of U.S. firms at the expense of the U.S. middle class. Continue reading

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Volt Fire Hearings Pits Ideologues versus Engineers

In the end how you view this low-voltage Congressional short circuit – with lots of smoke but no fires – depends on how you view Obama Administration actions that used taxpayer-funded subsidies to encourage production of the Volt. These include $151.4 million in stimulus funds for LG Chem, which produces lithium-ion polymer battery cells for the Volt, and $105 million given directly to GM, as well as an end-user federal tax credit of up to $7,500 per Volt purchased. Such subsidies will likely be hotly debated for all industries during the election. Continue reading

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Chinese Maker to Pay EPA $680,000 Fine for Dirty ATVs

The U.S. Environmental Protection Agency today announced a $680,000 settlement with recreational vehicle manufacturers, Loncin (USA), Inc., Longting USA LLC, and Chongqing Longting Power Equipment Co., Ltd., to resolve violations of the Clean Air Act (CAA) caused by the import of 7,115 uncertified recreational vehicles into the United States. It was the latest in a series of actions against the Chinese company and its agents. Continue reading

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Payroll Tax Cut and Unemployment Scrap Ends Temporarily

The dysfunctional Washington government finally agreed to extend a payroll tax cut and unemployment benefits after President Obama stared down a divided Republican party by threatening to stay in town while the Congress ‘vacationed,’ which most voters would have a hard time discerning anyway given the gridlock in Washington.

Gallup has Congressional Approval rating at 11% an all time low, which makes Obama’s low 49% rating looking like grounds for a Democratic landslide next year. Continue reading

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Tidbits – Leaf, Marchionne, Volt, Politics, Rust, Electronics

Nissan has re-opened “reservations” for the 2012 Nissan Leaf electric vehicle in Delaware, Indiana, Louisiana, Nevada, Ohio, Pennsylvania, and Rhode Island. Deliveries will begin next spring. Nissan LEAF is now available for order in 30 states, including Washington, D.C. National … Continue reading

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Daimler Employee Arrested, Detained Under Controversial Alabama Immigration Law

The controversial Alabama immigration law requires the proper papers be carried by foreigners, including employees of firms investing in the state. Daimler, of course, is one of the largest employers in Alabama, with billions invested thus far and recently announced millions more will be added to increase production. Continue reading

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California Man Sentenced to Five Years in Prison for Illegally Storing Toxic and Explosive Hazardous Wastes in His Backyard

Wyman was charged in June 2009, after firefighters responded to a report of a fire and explosions at Wyman’s residence. Because of the ammunition that was being “cooked off” in the fire, firefighters had to wear bullet proof vests. Continue reading

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The Film – Chevy 100, An American Story – Debuts in Detroit

Do not confuse this Chevy 100 infomercial with other serious documentaries sponsored by GM and produced by Ken Burns during his long association with the largest automaker in the U.S. Chevy 100 lacks an organizing theme – other than it’s time to sell more Chevrolets. Instead, Chevy 100 is comprised of sporadic observations along with snapshots of the history of the brand, supplemented with large amounts of quick-cut contemporary footage from collectors clubs and fawning owners. Be forewarned, you will not see the history of Chevrolet, or the history of the automobile in U.S.A. that Chevrolet is such a significant part of, given justice in this treatment. Continue reading

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New Jersey Stiffs U.S. Taxpayers over $271 Million Grant. Republicans, Democrats Collude on Cancelled ARC Tunnel

Well, it sounds like LaHood (an Illinois Republican appointed by Obama) had no choice. Defenders of the deal, and there are some, say that DOT maneuvered to get N.J. taxpayers some benefit from the cancelled transit investment. In their view this solves the standoff over reimbursement — interest and penalties were accruing daily that New Jersey taxpayers would have been responsible for — and maybe New Jersey residents will also get the benefit of improved transit in the state. We will see. There sure is enough political manure here in my view to help New Jersey remain the garden state… Continue reading

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Obama Administration Submits Controversial FTAs to Congress. Largest Loss of Jobs since NAFTA Coming?

The AFL-CIO said the “The Korea agreement is the largest offshoring deal of its kind since NAFTA. If enacted, it likely will displace 159,000 U.S. jobs, mostly in manufacturing. And its glaring loopholes would allow unscrupulous businesses to import illegally labeled goods from China and possibly even from sweatshops in North Korea—potentially without any tariffs at all.” Continue reading

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Facebook Posting Costs Chicago BMW Salesperson His Job

A National Labor Relations Board Administrative Law Judge ruled this week that Knauz BMW, a Chicago area car dealership, did not wrongfully terminate an employee for his Facebook postings. Back in May the NLRB alleged unlawful termination of an employee … Continue reading

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