Category: Business
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Electric cars and the Department of Energy: Two giant loans, two different paths
By Ronnie Greene
Center for Public Integrity
They are two cutting-edge electric car makers, headquartered in California and backed by powerhouses of politics and money. In 2009, each secured half-billion dollar loan commitments from President Obama’s Department of Energy to help transform their clean-energy cars from drawing boards to showrooms. But this week, the fortunes of Tesla Motors and Fisker Automotive took sharply divergent turns. -
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Inside the global offshore money maze
By Gerard Ryle, Marina Walker Guevara, Michael Hudson, Duncan Campbell, Stefan Candea and Nicky Hager
International Consortium of Investigative Journalists and the Center for Public Integrity
A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over. -
Insurance firm accused in smear told to pay $6 million to owners of Pompano Beach company
By Michael Pollick
Sarasota Herald-Tribune
A Broward County Circuit Court jury has levied a $6 million judgment against FCCI Commercial Insurance Co. for breaching a contract and maliciously prosecuting the owners of a Pompano Beach-based woodworking company, Custom Wood Creations Inc. -
Will Democrats sell your political opinions to credit card companies?
By Lois Beckett
ProPublica.org
For years, state Democratic parties have been gathering information about individual voters’ political leanings. They have noted down the opinions voters shared with canvassers — which candidates they said they supported or their positions on policy issues. Now, the record of what people told Democratic volunteers may go up for sale — and not just to political groups. -
Generals no longer retire to Vermont — they lobby for contractors in Washington
By R. Jeffrey Smith
Center for Public Integrity
“What can you do with a general, when he stops being a general?” crooned Bing Crosby in the 1954 movie “White Christmas.” “Who’s got a job for a general when he stops being a general?” Alas, the answer, 58 years later, is now clear. -
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Years later, Water District eyes suing Hollywood pump maker to recover lost taxpayer dollars
By Dan Christensen
BrowardBulldog.org
Five years ago, the South Florida Water Management District took a $1.5 million bath when a Hollywood company sold it 15 large electric pumps that quickly failed, then refused to honor its warranty. Now, the top lawyer for the budget-challenged independent taxing district is recommending it sue the Hollywood company that manufactured the pumps.
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