Monthly Archive for August, 2011

SEC proposal would disclose political donations by public companies

A proposal before the Securities and Exchange Commission that would require public companies to disclose political contributions has drawn some favorable comments from investors, but it won’t go a long way in meeting the demands of those advocating for more transparency in political fundraising.

A group of 10 law professors filed a formal petition asking the commission to require corporations to list political contributions in annual proxy statements sent to shareholders. The professors cite a growing interest among shareholders for disclosure of political contributions.

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Labor Secretary Hilda Solis says her SUV is made in America. Nope, Canada.

This story has been updated.

The Labor Secretary Hilda Solis on Wednesday drove herself into a bit of ditch — not literally, but politically — by claiming that her new government-issued SUV signals her support for American workers.

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Afternoon Fix: Sara Palin in, Christine O’Donnell for Iowa tea party rally

Sarah Palin is back on in Iowa and Christine O’Donnell has been disinvited (again), Allen West thinks Michele Bachmann made an “incredible faux pas,” and Jim DeMint has weighed in on Wisconsin.

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Independent panel warns failure to make contracting reforms risks more wartime waste and fraud

WASHINGTON — The U.S. has lost billions of dollars to waste and fraud in Iraq and Afghanistan and stands to repeat that in future wars without big changes in how the government awards and manages contracts for battlefield support and reconstruction projects, independent investigators said Wednesday.

The Wartime Contracting Commission urged Congress and the Obama administration to quickly put in place its recommendations to overhaul the contracting process and increase accountability. The commission even suggested that the joint House-Senate debt reduction committee take a close look at the proposals.

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N.Y. billing dispute reveals details of secret CIA rendition flights

On Aug. 12, 2003, a Gulfstream IV aircraft carrying six passengers took off from Dulles International Airport and flew to Bangkok with fueling stops in Cold Bay, Alaska, and Osaka, Japan.

Before it returned four days later, the plane also touched down in Afghanistan, Sri Lanka, the United Arab Emirates and Ireland. As these unusual flights happened, U.S. officials took custody of an Indonesian terrorist, Riduan Isamuddin, who had been captured in Thailand and would spend the next three years being shuttled among secret prisons operated by the CIA.

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Solyndra solar company fails after getting controversial federal loan guarantees

A company that served as a showcase for the Obama administration’s effort to create jobs in clean technology shut down Wednesday, leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans.

Solyndra, a California solar panel maker, had long been an administration favorite. Over the past two years, President Obama and Energy Secretary Steven Chu each had made congratulatory visits to the company’s Silicon Valley headquarters.

Although Wednesday’s announcement came as a surprise, House Republicans and government auditors had questioned the wisdom of the administration’s loan guarantees to the company, backed by capital from billionaire Democratic fundraiser George Kaiser. In July, a House subcommittee subpoenaed White House documents related to the guarantee, and after Wednesday’s developments, Republican lawmakers vowed to continue investigating.

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2012 primary calendar: Arizona starts the party

The 2012 presidential primary calendar is about to gel.

This Saturday is the deadline for Arizona Gov. Jan Brewer (R) to decide whether to move up her state’s primary to January. That decision represents what could be the first shoe to drop in another “front-loading” of the primary calendar that could include contests right after the New Year or even in December 2011.

But Arizona isn’t the only state threatening to crash the presidential party. In fact, there’s plenty of reason to believe some other states could advance their primaries as well.

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Gen. Petraeus warns against military cuts

Gen. David H. Petraeus warned at a pomp-filled retirement ceremony on Wednesday that the nation’s leaders, faced with tough budget decisions, should be careful not to cut the military’s budget too deeply in the years ahead.

The vast majority of the hour-long ceremony at Fort Myer in Arlington celebrated Petraeus’s 37 years of military service and his six years of leading troops in Iraq and Afghanistan since 2003. Military bands played, medals were awarded, and Petraeus issued a long list of thanks to his mentors, his peers and the troops who fought under his command.

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End of House Page Program is bittersweet for some lawmakers

A rare example of bipartisan agreement over cost-cutting is about to leave many members of Congress with a conundrum: Who will fill their water glasses, raise flags over the Capitol building and ring the bells that notify them that it’s time to vote?

Concerns about how such mundane tasks will henceforth happen weren’t enough to prevent House Speaker John A. Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) from a meeting of the minds earlier last month, when they made the House Page Program the latest victim of the austerity tide that has swept Washington. The program’s final day: Aug. 31, 2011.

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