Business

A Congress Only CEOs Could Love

A Congress Only CEOs Could Love
House Republicans, with help from some Wall Street-friendly Democrats, are rushing to repeal the most promising Dodd-Frank Act check on excessive executive pay. You won’t believe their rationale.
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Post Explosion, TX Still Has a 'Fertilizer Happens' Plan

Post Explosion, TX Still Has a 'Fertilizer Happens' Plan
As Gov. Rick Perry touts the Texas Miracle to lure businesses from New York, Sen. Barbara Boxer will hold a hearing this week on the fertilizer plant explosion in West, Texas. But back home in Texas where 16 fertilizer plants are as large as the one in West, officials are putting the lazy in laissez-faire by adopting a voluntary "fertilizer happens" plan.
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Walmart's Model to Milk Millions from CA Taxpayers

Walmart's Model to Milk Millions from CA Taxpayers
Walmart’s expansion strategy for Los Angeles and other urban areas has been to avoid public oversight by choosing real estate that doesn’t require public review — and, where possible, to secure public subsidies, often with little public scrutiny. Once Walmart employees start to receive public assistance to the tune of $5,815 per employee, will the superstores really be worth it to their communities?
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Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development

Allegedly Pro-Business Christie Investing One Quarter What His Dem Predecessor Did in Small Business Development
There's a myth out there, repeated often by Democrats endorsing Governor Chris Christie, that Christie is supportive of business in New Jersey. Apparently, that only means big business.
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Walmart Accepted Clothing from Banned Bangladesh Factories

Walmart Accepted Clothing from Banned Bangladesh Factories
The world's largest retailer, Walmart, last month released a list of more than 200 factories it said it had barred from producing its merchandise because of serious or repeated safety problems, labor violations or unauthorized subcontracting. But at least two of the factories on the list have continued to send massive shipments of sports bras and girls' dresses to Walmart stores in recent months, according to interviews and U.S. customs records.
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World Wide Renewable Energy Capacity Now Equivalent to 1,500 Nuclear Reactors

World Wide Renewable Energy Capacity Now Equivalent to 1,500 Nuclear Reactors
Global energy-generating capacity from renewable sources rose by 115 gigawatts in 2012, compared with 105 gigawatts the previous year, which is great news for both consumers and the environment. The bad news for American workers? China is leading the way.
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The AP
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Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas

Economic Meltdown: Nuclear Plants Closing in Favor of Natural Gas
Around the country, nuclear power plants are shuttering their doors as the cost of regulations and repairs skyrocket. For major utility corporations, natural gas is a cheaper alternative.
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The AP
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Newark Picks Shop-Rite over Walmart as Wally World Protests Grow

Newark Picks Shop-Rite over Walmart as Wally World Protests Grow
Brick City is getting itself a nice new shopping center and everyone is a little relieved that it's not Walmart.
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Will FBI Nominee James Comey Make Investigating Financial Fraud A Priority?

Will FBI Nominee James Comey Make Investigating Financial Fraud A Priority?
News broke last week that President Obama will be nominating former Bush Deputy Attorney General to head the Federal Bureau of Investigation (FBI). Comey’s nomination has stirred a debate about civil liberties and the surveillance state, but one issue that has not arisen is what he plans to do about the bureau’s approach to financial fraud.
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American FAILout: Pulitzer Winner Laments the Fact That Banks Are Still Too Big

American FAILout: Pulitzer Winner Laments the Fact That Banks Are Still Too Big
Pulitzer-Prize-winning New York Times columnist Gretchen Morgenson tells Bill Moyers that, five years after the country's economic near-collapse, banks are still too big to fail, too big to manage, and too big to trust. Watch the video above and stare slack jawed at the audacity of these mega-companies that Morgenson points out below.
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