Recession-Proof Cars
While we’re all griping about yet another handout to the least-deserving, worst-performing businesses in this country, there’s something especially galling about this one to many of us who cover the auto biz. See, while we often get accused of rooting against the domestics, that’s a downright lie. The problem isn’t that American carmakers can’t build [...]
N.Y. Times Examines Schumer’s Buck-raking on Wall Street
A New York Times front-pager on Sunday that examined the ties between Sen. Charles Schumer (D-N.Y.) and Wall Street employed data from the Center for Responsive Politics.
Schumer has received more money from the securities and investment industry than almost any other member of Congress since 1989-$6.2 million. (Only President-elect Barack Obama and other 2008 presidential [...]
Wealthy Out-of-Town Donors Foot the Inauguration Bill
As Washington, D.C., prepares itself for what will likely be one of the largest inauguration audiences in history, some of the country’s wealthiest individuals in Hollywood and New York are financing the event as it grows into a major production. So far the presidential inaugural committee has collected at least $9.7 million from at least [...]