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Keyword: generalelectric

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  • GE, Massachusetts, and the Corruption of Crony Capitalism

    01/20/2016 8:12:39 AM PST · by Kaslin · 27 replies
    Townhall.com ^ | January 20, 2016 | Jeff Jacoby
    As General Electric gears up to move its headquarters from Fairfield, Conn., to Boston, the people and communities being left behind are dreading the pain to come. John Engel, a real estate agent and town councilor in nearby New Canaan, told public radio's "Marketplace" that the departure of 800 GE executives, most of whom will likely list their homes for sale, will send the local housing market staggering. Once the region loses millions of dollars in disposable income, it will ineluctably lose much of the business those dollars sustained. There will be fewer patrons to fill local restaurants, for example,...
  • GE Cuts Texas Jobs, Sees Better Climate ó In France

    09/15/2015 3:02:56 PM PDT · by entropy12 · 17 replies
    Investor's Business Daily ^ | Today, 2015-09-15 | CIARAN MCEVOY
    Blaming Congress' impasse on the Export-Import Bank, General Electric (NYSE:GE) said that it will move 500 U.S. jobs, some of which are deep in the heart of Texas, overseas to Europe and China in order to avoid losing business to foreign companies. The Lone Star State is one of the losers in GE's announcement Tuesday, as the U.S.-based jobs will be shipped from Texas, South Carolina, New York and Maine to France, Hungary and China. Lawmakers from Texas also have been vocal critics of the Ex-Im Bank.
  • GE rules out relocation to Dallas because of Texas politiciansí views, report says

    08/30/2015 8:07:02 AM PDT · by 2ndDivisionVet · 51 replies
    The Dallas Morning News ^ | August 29 2015 | Michael A. Lindenberger
    Neither Dallas Mayor Mike Rawlings nor officials from General Electric would confirm on Friday reports that General Electric Co. had decided against relocating its global headquarters to the city because of Texas politiciansí opposition to the Export-Import Bank. Republicans Rep. Jeb Hensarling and Sen. Ted Cruz have each been outspoken in their opposition to the Ex-Im Bank, a federal agency that offers loans, loan guarantees and credit insurance to help U.S. firms sell their products overseas. Hensarlingís opposition to the bank has grown from a small movement two years ago to a full-scale rebellion, dismaying the bankís supporters among major...
  • [New SEC Rule] Companies will be required to reveal CEOsí versus workersí pay

    08/06/2015 3:39:04 AM PDT · by markomalley · 12 replies
    Bend Bulletin ^ | 8/6/15 | Peter Eavis
    The chief executive of General Electric raked in a $37.3 million pay package last year, a large sum by any standard. But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below. That will soon change. After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on...
  • Boeing, GE cut off donations to Ex-Im foes

    08/05/2015 8:45:59 PM PDT · by entropy12 · 22 replies
    Politico ^ | 8/5/15 | ANNA PALMER and JEREMY HERB
    When House Majority Leader Kevin McCarthy headlined a fundraiser in early June the room was packed with defense industry lobbyists, but reps from one megacontractor were missing ó Boeing. Not only was Boeing absent at that fundraiser, the contractor has cut off all political contributions to the No. 2 House Republican over his support for killing the Export-Import Bank, which facilitates billions of dollars in low-interest loans to U.S. exporters like Boeing. General Electric, also a major supporter of renewing Ex-Im and a benefactor of the agency, has followed suit and has not contributed to the California Republican this year....
  • Carter to face Indian demand for engine technology

    05/31/2015 10:19:51 PM PDT · by sukhoi-30mki · 7 replies
    Business Standard ^ | June 1, 2015 | Ajai Shukla
    The US-India defence relationship needs an engine to drive it, say leaders on both sides. But there are different perceptions on what that engine might be. Americans believe the engine should be the "Defence Trade and Technology Initiative" (DTTI), a high-level committee of officials from both sides that moots projects for working together, and removes bureaucratic roadblocks. In January, when President Barack Obama met Prime Minister Narendra Modi in New Delhi, they "emphasised the ongoing importance of the (DTTI) in developing new areas of technology cooperation", according to a joint statement issued at that time. Indian officials are focused on...
  • The Hartford Way: Keep Raising Taxes In Connecticut

    06/06/2015 7:47:18 AM PDT · by Hojczyk · 17 replies
    IBD ^ | June 5,2015 | EDITORIAL
    So now several of the largest corporations in the state, including Yankee mainstays such as insurance giants Aetna and Travelers, as well as General Electric, are threatening to leave and get out of this abusive relationship. GE's CEO Jeff Immelt told his thousands of Connecticut-based employees that he has put together a team to evaluate a move to another state with "a more pro-business environment." He says the company's state taxes have increased five times since 2011 and the new hike would impose "significant and retroactive tax increases for businesses." Aetna complained that it already pays $65 million a year...
  • Connecticut Democrats stand by business tax changes

    06/04/2015 11:44:25 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Jun 4, 2015 6:59 PM EDT | Susan Haigh and Pat Eaton-Robb
    Connecticutís Democratic leaders were willing Thursday to make minor changes to the business taxes that prompted some major employers to threaten to leave the state, but said they wonít roll the taxes back and expressed doubt that any of the firms would move. [Ö] The plan includes numerous business tax changes, including higher taxes on computer and data processing services, limits on tax credits, limits on when losses can be reported, and how business income is reported. Meanwhile, Jeffrey Immelt, CEO of General Electric Co., sent an email to employees Thursday, saying he has assembled an ďexploratory teamĒ to review...
  • Worldís Largest Indoor Farm In Japan Produces 100 Times More Food Than Other Farms [Video]

    05/21/2015 12:41:29 PM PDT · by 2ndDivisionVet · 25 replies
    The Inquisitr News ^ | January 27, 2015 | Jan Omega
    When it comes to farming, there is no better time than now to get into the field. Thanks to technological advances ushered in by the green movement, farming has evolved from a traditional means to sustain a personal living to a science with the potential to feed millions. The Inquisitr previously reported on how technology-assisted farming has become a blessing to others. Former NFL football player, Jason Brown, watched DIY videos on Youtube to learn how to grow 46,000 pounds of sweet potatoes and 10,000 pounds of cucumbers, which he donated to pantries and kitchens. In Irvine, California, an entire...
  • Jack Welch: We Talked about Brian Williams Replacing Jay Leno (Likes Ted Cruz)

    04/15/2015 8:43:43 AM PDT · by 2ndDivisionVet · 13 replies
    Fox News Radio ^ | April 15, 2015 | Brian Kilmeade
    Former CEO of GM Jack Welch and wife Suzy, authors of ďThe Real-Life MBA: Your No-BS Guide to Winning the Game, Building a Team, and Growing Your CareerĒ, talked to Brian on Kilmeade and Friends about why they wrote the book.---snip--- (AUDIO-AT-LINK)On the 2016 GOP Presidential candidates, Jack Welch told Brian that he is taking a very interesting and deep look into Senator Ted Cruz (R-TX) because he likes what he stands for, has guts, and does what he says....
  • Sanders blasts U.S Corporations for Dodging Taxes

    04/12/2015 9:16:07 AM PDT · by Wolfie · 84 replies
    Senate Budget Committee ^ | April 09, 2015
    Sanders blasts U.S Corporations for Dodging Taxes BURLINGTON, Vt., April 9 Ė Sen. Bernie Sanders (I-Vt.), the Senate Budget Committee ranking member, today issued the following statement on new data showing the extent to which some American companies are avoiding taxes: ďI applaud Citizens for Tax Justice for releasing new data today revealing the unfairness of our tax system and the fact that a number of the biggest and most-well known corporations in America continue to pay little or nothing in taxes. At a time when we have massive wealth and income inequality, and when corporate profits are soaring, it...
  • Romancing the Stone ... Mark Steyn

    03/02/2015 11:08:16 PM PST · by Rummyfan · 10 replies
    Steyn Online ^ | 2 Mar 2015 | Mark Steyn
    I'm a little under the weather (which is not as chronic as being under the climate), but I wanted to add something to what I said the other day about thug operator Raķl Grijalva, Democrat Representative from Arizona and Ranking Member of the House UnEnvironmental Activities Committee. It is not a small thing when even a jumped-up twerp hack announces that the national legislature of the world's superpower is targeting seven private citizens for disagreeing with him. In this case Commissar Grijalva is clamping the electrodes to various climate scientists - Robert Balling, John Christy, Judith Curry, Steven Hayward, David...
  • Vox Writer Wants 'Anti-Democratic' U.S. Senate Abolished

    01/03/2015 3:00:56 PM PST · by PJ-Comix · 51 replies
    NewsBusters ^ | January 3, 2015 | P.J. Gladnick
    WAAAAAAH!!! I don't like my Windows 8 so I think I'll dump it! Okay, no big deal. Most of us are not pleased with that operating system. However, Dylan Matthews of General Electric Vox displays the same glibness which, while perhaps appropriate to switching computer operating systems, is completely absurd when wanting to toss over 200 years of constitutional federalism overboard by deciding to abolish the U.S. Senate because he has decided it is "anti-democratic." Here is Dylan making the case that the Founding Fathers were in error:
  • Is It Time to Put Jeffrey Immelt's Face on Milk Cartons?

    10/18/2012 4:00:19 AM PDT · by PJ-Comix · 8 replies
    Self | October 18, 2012 | PJ-Comix
    Is it time yet to put the face of Obama's Jobs Adviser, Jeffrey Immelt, on milk cartons? Have you noticed that he is MIA? Could it be that Obama's own jobs adviser is out of sight because he really supports Mitt Romney?
  • Feds Looking for Company to Run 'National Data Warehouse' for Obamacare, Medicare

    01/02/2015 6:42:36 PM PST · by 9thLife · 30 replies
    The Weekly Standard via Drudge ^ | JAN 2, 2015 | JERYL BIER
    The Department of Health and Human Services (HHS) is looking for vendors to run its "National Data Warehouse," a database for "capturing, aggregating, and analyzing information" related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces. Although the database primarily consists of quality control metrics related to individuals' interactions with customer service, potential contractors are to "[d]emonstrate ... experience with scalability and security in protecting data and information with customer, person-sensitive information including Personal Health Information and Personally Identifiable information (personal health records, etc.)." Vendors are also instructed that one of the requirements of a possible future...
  • DID THE KENNEDY ADMINISTRATION TRY TO DRIVE REAGAN OFF THE AIR?

    12/07/2014 6:43:03 PM PST · by smoothsailing · 26 replies
    Power Line ^ | 12-6-2014 | John Hinderaker
    DECEMBER 6, 2014 BY JOHN HINDERAKER Did the Kennedy Administration Try to Drive Reagan Off the Air? Ronald Reagan apparently detested Bobby Kennedy, another sign of Reagan‚Äôs good judgment since Kennedy was an awful human being. But this is something I hadn‚Äôt heard before: Michael Reagan says that Bobby leaned on General Electric to get Reagan off television: [A] few months after [subpoenaing Reagan before a grand jury], Kennedy tried to get him fired from General Electric Theater. Or, at least, that¬ís what Reagan believed. ‚ÄúDad told us he had just lost his job with GE,‚ÄĚ Reed recalls Reagan son...
  • Electrolux to Buy GE Appliances Business for $3.3 Billion

    09/08/2014 12:47:59 PM PDT · by WesternCulture · 27 replies
    online.wsj.com ^ | 09/08/2014 | Jens Hansegard and James R. Hagerty
    Electrolux AB has agreed to pay $3.3 billion to acquire General Electric Co.'s appliances business, a move that would put the Swedish group head-to-head with Whirlpool Corp. at the top of the U.S. market for white goods. The deal is the largest ever by Electrolux and comes amid consolidation among makers of stoves, dishwashers and washing machines. Whirlpool agreed to pay more than $1 billion this summer to acquire a majority stake in Italian company Indesit Co. , a purchase that would roughly double Whirlpool's business in Europe. Electrolux shares surged 5.1% in Stockholm on news of the deal.
  • Ex-Im critics sharpen knives for hearing (will bring up suspended bank officials and kickbacks)

    06/25/2014 4:05:33 AM PDT · by Cincinatus' Wife · 5 replies
    The Hill ^ | June 25, 2014 | Vicki Needham
    Criticism will rain down Wednesday on the Export-Import Bank as members of an influential House panel debate whether itís time to disband the agency. Fred Hochberg, the chairman of the embattled bank, will square off in testimony against House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who is leading the charge to let the bankís charter expire in September. Hensarling and other members are likely to press Hochberg about reports that the bank has suspended or removed four officials for taking kickbacks, a controversy that could strengthen the hand of Ex-Imís foes. Business supporters swarmed Capitol Hill ahead of the...
  • GE Crushes Obama's War on Coal

    05/03/2014 12:10:39 PM PDT · by Kaslin · 28 replies
    Townhall.com ^ | May 3, 2014 | Charles Payne
    em>"Probably for the next decade, the most dominate technology around the world will be coal..." -Jeff Immelt The fastest growing source of energy in the world last year was coal, and it is going to stay that way for a very long time. With that in mind, one has to wonder why President Obama has insisted on the gut-wrenching destruction of the coal industry that has costs thousands of jobs, and has sent electricity costs to all-time highs. This, combined with last month's report from the International Energy Agency, state that reaching the goal of carbon emission reduction would cost...
  • General Electric funneling billions into new energy infrastructure

    04/09/2014 8:28:32 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | April 9, 2014 | Collin Eaton
    A natural gas pipeline stretching 435 miles across Mexicoís Yucatan Peninsula is just one piece of General Electricís multibillion-dollar bid to shore up energy infrastructure in North America, where an oil and gas boom has drawn a wave of investments to new pipelines. GEís energy investing arm has more than $3 billion tied up in 43,500 miles of pipeline, the largest U.S. liquefied natural gas export facility and other energy transportation and storage ventures. But it has started to shift its attention to early-stage ventures as U.S. and Canadian pipeline operators collect billions for new projects that link remote shale...
  • Here's Why Warren Buffett and General Electric Are Betting Big on Natural Gas

    04/07/2014 5:33:14 AM PDT · by thackney · 7 replies
    Motley Fool ^ | March 30, 2014 | Jason Hall
    "Our confidence is justified both by our past experience and by the knowledge that society will forever need massive investments in both transportation and energy." -- Warren Buffett, 2013 letter to Berkshire Hathaway shareholders According to the company's most recent fact sheet, Berkshire Hathaway subsidiary BNSF Railways ships enough coal every year to power 10% of America's houses, and enough crude oil to fill the gas tanks of nearly 650,000 cars every day. Transporting energy is pretty important to BNSF, and BNSF is pretty important to Berkshire, having generated some $3.8 billion in net income in 2013. At the same...
  • Cruel, Heartless Obama Mocks his Most Loyal, Unquestioning Supporters

    02/01/2014 2:16:12 PM PST · by DouglasKC · 18 replies
    Yahoo News ^ | 2/1/2014 | Daily Caller
    In a speech in Wisconsin on Thursday, President Barack Obama insulted perhaps the most fervent members of his political base: art history majors. The politically clumsy moment occurred during the presidentís remarks at General Electricís Waukesha Gas Engines facility. After extolling his own economic policies at some length, Obama observed that ďmanufacturing jobs typically pay wellĒ in the United States. ďWe want to encourage more of them,Ē he said. Then, he began to speak ó apparently extemporaneously ó about the benefits of working in Americaís ever-diminishing manufacturing sector.
  • The Fire at the Brown's Ferry Nuclear Power Station

    01/17/2014 10:38:17 PM PST · by logi_cal869 · 7 replies
    How a Candle Caused a Nuclear Emergency At noon on March 22, 1975, both Units 1 and 2 at the Brown's Ferry plant in Alabama were operating at full power, delivering 2200 megawatts of electricity to the Tennessee Valley Authority. Just below the plant's control room, two electricians were trying to seal air leaks in the cable spreading room, where the electrical cables that control the two reactors are separated and routed through different tunnels to the reactor buildings. They were using strips of spongy foam rubber to seal the leaks. They were also using candles to determine whether or...
  • The Poisonous Employee-Ranking System That Helps Explain Microsoftís Decline

    08/25/2013 6:24:11 AM PDT · by SunkenCiv · 170 replies
    Slate ^ | Friday, August 23, 2013 | Will Oremus
    There were many reasons for the decline of Microsoft under Steve Ballmer, including, as I wrote this morning, its lack of focus and its habit of chasing trends rather than creating them. But one thatís not obvious to outsiders was the companyís employee evaluation system, known as ďstack ranking.Ē The systemóand its poisonous effects on Microsoftís corporate cultureówas best explained in an outstanding Vanity Fair feature by Kurt Eichenwald last year... So while Google was encouraging its employees to spend 20 percent of their time to work on ideas that excited them personally, Ballmer was inadvertently encouraging his to spend...
  • General Electric gets out of the TV business

    02/12/2013 9:19:57 PM PST · by Olog-hai · 27 replies
    Associated Press ^ | Feb 12, 2013 9:31 PM EST | Scott Mayerowitz
    General Electric is saying goodbye to 30 Rockóthe building and the TV business born there. Itís another step in GEís efforts to focus on less glamorousóbut theoretically more profitableóventures such as manufacturing medical imaging equipment, airplane engines and electrical generators. Ö GE is giving up its stake in one of Americaís best-known brands. The sale includes the NBC broadcast network, which airs everything from ďLaw & OrderĒ to ďThe OfficeĒ and ďThe Biggest Loser.Ē The company also owns cable networks Bravo, CNBC, Telemundo, USA and the Golf Channel. Thereís also Universal Pictures, which over its 100 years has offered movies...
  • Obama Jobs Council hits 1 year without official meeting

    01/18/2013 5:37:49 PM PST · by george76 · 14 replies
    POLITICO ^ | 1/18/13 | JOSH GERSTEIN
    Barack Obama's Jobs Council hit a notable milestone on Thursday: one year without an official meeting. The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure. The group, formally known as the President's Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for a White House session where it presented formal recommendations to Obama. It was the panel's fourth official meeting since it was created in early 2011. A spokesman for Jobs Council chairman Jeffrey Immelt, who's the CEO of General Electric, referred questions about the panel's future to...
  • Retro-Engineering: Photos of 1967 General Electric 'Hardiman' Electric Exoskeleton

    01/15/2013 7:18:30 PM PST · by DogByte6RER · 11 replies
    Cybernetic Zoo ^ | 1967 | Cybernetic Zoo
    G.E. Hardiman I Ė Ralph Mosher (American) Hardiman is a name derived somehow, from "Human Augmentation Research and Development Investigation." and Man from MANipulator. Sometimes written as HardiMan, Hardi-Man, Hardi Man, Hardiman I. Said to also be officially called the "Powered Exo-skeleton." Note: some reports suggest that only one arm of Hardiman's was built. The above photo usually accompanies that comment, but it is incorrect. A complete Hardiman was built with both arms, but the comment refers to the earlier tests of just the single, upper manipulator. Later, even when the full machine was built, one side was made static,...
  • Defect found in Boeing GE engine not isolated

    09/15/2012 7:55:47 PM PDT · by smokingfrog · 52 replies
    Aiken Standard ^ | 15 Sept 2012 | Brendan Kearney
    The engine installed on every Boeing 787 built in South Carolina so far has a problem. The first sign something was wrong came on a Saturday afternoon in July when the second locally made Dreamliner experienced a pre-flight engine failure as it accelerated down the runway at Charleston International Airport. A month and a half later, the extent of the defect has become clearer ó and bigger. The North Charleston incident was not isolated, as had been the original hope. Instead, two other General Electric-made GEnx engines have been found to suffer from a similar defect in the drive shaft....
  • GE recalls 1.3 million dishwashers due to fire hazard

    08/13/2012 7:20:41 PM PDT · by deltaromeo11 · 12 replies
    Consumer Reports ^ | August 9, 2012 | Consumer Reports
    GE Appliances has recalled about 1.3 million of its GE, GE Adora, GE Eterna, GE Profile, and Hotpoint dishwashers because an electrical failure in the heating element can pose a fire hazard. GE has received 15 reports of heating element failures, including seven reports of fires, three of which caused extensive property damage. No injuries have been reported, according to the Consumer Product Safety Commission. None of these recalled dishwashers are in our current Ratings. Sold for $350 to $850 at appliance dealers, builder distributors, and other stores nationwide from March 2006 through August 2009, the recalled dishwashers came in...
  • Obama has investments in companies that ship jobs overseas

    07/17/2012 11:35:25 AM PDT · by Free ThinkerNY · 2 replies
    The Washington Examiner ^ | July 17, 2012 | Philip Klein
    President Obama has accused Mitt Romney of raking in profits from investing in companies that ship American jobs overseas, but according to his most recent financial disclosure, he and First Lady Michelle Obama have hundreds of thousands of dollars in a mutual fund that has large holdings in corporations that outsource jobs. ď(Romney) invested in companies that have been called Ďpioneersí of outsourcing,Ē Obama said at a Saturday campaign event in Glen Allen, Va. ďI donít want a pioneer in outsourcing. I want some insourcing.Ē But Obamaís own portfolio shows a willingness to invest in American corporations that have shifted...
  • NY Times Chevy Volt Criticism Confounds Proponents

    04/09/2012 11:40:13 AM PDT · by jazusamo · 63 replies
    National Legal & Policy Center ^ | April 9, 2012 | Mark Modica
    The report by the NY Times that it would take up to 27 years for Chevy Volt buyers to save enough money in gas costs to make up for the high price of the car must be very confusing for apologists of the vehicle. The normal defense for any criticism is to accuse sources of having a right wing hate of the car. But the NY Times? The very vocal Volt defenders, who are quick to attack anyone who doesn't agree that the car is a technological marvel worthy of billions of dollars of taxpayer largess, will have to...
  • The Education of Jeffrey Immelt?

    03/20/2012 12:55:34 PM PDT · by Kaslin · 18 replies · 1+ views
    Rush Limbaugh.com ^ | March 20, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Charles Gasparino with a piece in the New York Post today. "Back when he agreed to advise the Obama [regime] on economics, General Electric CEO Jeff Immelt told friends that he thought it would be good for GE and good for the country. A life-long Republican, Immelt said he believed he could at the very least moderate the president's distinctly anti-business instincts. That was three years ago; these days Immelt is telling friends something quite different. Sure, GE has managed to feast on federal subsidies, particularly the 'green-energy' giveaways that are Obamanomics' hallmark." Yeah, there's no question...
  • GE rejects Republicansí climate change doubts

    03/12/2012 5:22:30 AM PDT · by Jimmy Valentine's brother · 45 replies · 1+ views
    Financial Times ^ | 11 March 2012 | Pilita Clark
    General Electric has brushed aside the doubts leading Republican presidential contenders have raised about climate science. The US industrial and financial conglomerate said it had long seen climate change as a valid concern after an internal evaluation of the scientific case in 2005. (Snip) Observers have attributed the partyís shift since the last election to a range of factors, including the rise of the anti-regulatory Tea Party and fears about unemployment. Others suggest the change is due to fossil fuel interests using so-called super PACs Ė the new generation of political action committees empowered by a 2010 Supreme Court ruling...
  • Dear GE, GM and Obama: We're Not as Dumb as You

    03/06/2012 5:54:17 AM PST · by Kaslin · 22 replies
    Townhall.com ^ | March 6, 2012 | John Ransom
    When GE announced at the end of February that it would be bailing out General Motorís green car strategy by ordering 12,000 electric-gasoline powered Chevy Volts for their fleet, it was more than just Government Electric doing a solid for Government Motors doing a solid for the Government Owners in the Obama administration. Rather it was an admission of failure by the monetization arm of the Green Conspiracy to control market behavior. While GM bet that Volt would be ďa magnet around everything we are trying to do to showcase our brand,Ē so far itís been a millstone for the...
  • GE Steps Up Support for GM Chevy Volt Folly (Excellent piece)

    02/20/2012 12:27:26 PM PST · by jazusamo · 49 replies · 1+ views
    National Legal & Policy Center ^ | February 20, 2012 | Mark Modica
    Last week, Greencarreports.com reported that crony corporation, General Electric, will be purchasing only Chevy Volts for employee use. The move will help General Motors proclaim that the Volt is a success (and help ensure that GE sells more charging stations) as thousands of orders for the vehicle hit the books, conveniently timed to coincide with the run up to the 2012 presidential election. The Volt has not caught on with the majority of consumers as the benefits of traveling 20 to 45 miles on an electric charge before getting about 30 miles per gallon on premium fuel do not...
  • GE Employees Get Chevy Volt Electric Cars, All-Gas Use OKed Sometimes

    02/16/2012 9:36:48 AM PST · by jazusamo · 38 replies
    Green Car Reports ^ | February 16, 2012 | John Voelcker
    Sixteen months ago, General Electric announced it would place the "largest order in history" for electric cars , to be used by its employees who are issued company cars. Now, those cars are starting to arrive and be placed with employees. And where changes are made, personnel policies are sure to follow. A person inside GE recently forwarded a memo to us that covers some of the nuts and bolts of using the 2012 Chevrolet Volt range-extended electric car. It's from the fleet operations manager for GE Healthcare. Among the interesting points: "All sedans ordered in 2012 will be...
  • UAW continues protesting right-wing social policies

    02/11/2012 12:02:11 PM PST · by madison10 · 24 replies
    Oakland Press ^ | February 10, 2012 | JOSEPH SZCZESNY
    The United Auto Workers plans to take part in more non-violent protests in its fight against what it calls right-wing policies that have hurt the middle class. UAW president Bob King told a crowd of more than 500 at the 75th anniversary of union's first contract with General Motors that more direct action like such as the Flint sit-down strike of 1937 is needed today. ďTheyíre trying to shred the social contract,Ē King said at the event held in Flint. ďWe donít spend too much. This is still a rich country The problem is weíve lost our moral compass,Ē said...
  • The GE Years: What Made Reagan Reagan [Newt said this book explained Ronald Reagan's leadership]

    01/26/2012 4:48:31 AM PST · by Cincinatus' Wife · 19 replies
    George Mason University History News Network ^ | January 8, 2007 | Thomas W. Evans
    After Novemberís elections, Senator John McCain, former Congressman Dick Armey and others called for a return to the principles and policies of Ronald Reagan. At the time these policies were first advanced, many observers believed they constituted a revolution. But how did Reagan himself come to these views and where did he learn to translate them from one manís vision into governmental policies and acts? In my book, The Education of Ronald Reagan: The General Electric Years and the Untold Story of his Conversion to Conservatism, I trace Reaganís evolution from liberal to conservative, from actor to politician. The changes...
  • CFL bulbs: Shedding Light on Misleading Performance Claims (EPA's claims about CFL's are bogus)

    01/14/2012 8:08:34 PM PST · by Robert A. Cook, PE · 185 replies · 1+ views
    By Kirk Myers, Seminole County Environmental News Examiner This article, the second in a series, focuses on the misleading performance claims surrounding the ¬ďmore energy efficient¬Ē compact fluorescent light (CFL) bulbs now replacing traditional incandescent bulbs. These potentially harmful mercury-filled lamps (see my previous column describing the dangers) are being forced on consumers by the U.S. congress with support from the Green Lobby and light-bulb manufacturers like GE, Sylvania and Phillips. These and other manufacturers stand to make huge profits selling the more expensive CFLs (more on that issue in my next column). There is a growing body of evidence...
  • The Occupation Should Be On White House Grounds

    11/21/2011 6:33:24 PM PST · by raptor22 · 5 replies
    Investor's Business Daily ^ | November 21m 2011 | IBD staff
    Crony Capitalism: As the president embraces Occupy Wall Street, his favorite corporation paid no taxes in 2010 on $14 billion in profits, much of it overseas. Meanwhile, 20,000 jobs for the 99% go unfilled. At a recent town hall meeting, Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, reminded constituents of a story that broke earlier in the year ó that General Electric paid no taxes on profit of $14 billion, $9 billion of which was earned overseas. Ryan related how he had asked a GE tax officer the length of GE's tax filing. The tax guy said...
  • Immelt at the U.S. Naval Academy Spewing Lies

    10/20/2011 8:45:36 PM PDT · by usnadad · 7 replies
    Noting that weíre celebrating the Reagan centennial, he praised President Reagan for being both ďtough-minded and hopeful,Ē and also ďwilling to work with his detractors.Ē That approach, said Immelt, should also be a model of leadership in the 21st century, which ďis about building bigger and diverse teams; teams that accomplish tough missions with a culture of respect.Ē
  • Tea-Party Attacks Put GE on Defense

    10/10/2011 12:39:25 PM PDT · by reaganaut1 · 40 replies
    Wall Street Journal ^ | OCTOBER 10, 2011 | KATE LINEBAUGH
    General Electric Co., where Ronald Reagan honed his communication skills as a company spokesman, is struggling to fend off attacks from conservatives over its relationship with the Obama administration and ventures in China, raising concerns inside GE that the controversy could damage its brand. Former Republican Alaska Gov. Sarah Palin last month slammed GE for being "the poster child of corporate welfare and crony capitalism." Presidential candidate Newt Gingrich used GE as an applause line during the Republican debate sponsored by the tea party in September. And Fox News television personality Bill O'Reilly has derided the conglomerate and Chief Executive...
  • Obama invites GE's Immelt to jobs speech

    09/08/2011 12:33:37 PM PDT · by Free ThinkerNY · 11 replies
    Washington Times ^ | Sept. 8, 2011 | Dave Boyer
    The White House's invited guests who will hear President Obama speak to Congress tonight about creating jobs for the common man include a CEO under fire for moving jobs to China and a mayor who recently built a six-foot wall around his mansion. Jeffrey Immelt, chairman of GE and head of the president's jobs council, tops the list of invited guests who will listen to Mr. Obama's speech from the first lady's box in the House chamber. Mr. Immelt has been criticized for GE's plan to move the headquarters of its x-ray business to Beijing; Rep. Dennis J. Kucinich, Ohio...
  • Kucinich to Immelt: Resign (the rookie Hussein's Jobs Czar under fire)

    09/06/2011 5:25:29 AM PDT · by Libloather · 16 replies
    The Street ^ | 8/26/11 | Dan Freed
    Kucinich to Immelt: ResignBy Dan Freed 08/26/11 - 01:22 PM EDT NEW YORK (TheStreet) -- General Electric chief Jeffrey Immelt should resign from his position as head of the President's Council on Jobs and Competitiveness because many of his company's goals conflict with the council's goal of boosting U.S. employment and economic output, Rep. Dennis Kucinich (D-Ohio) argued Wednesday in a little-noticed press release. "If he does not resign, the White House should remove him," Kucinich said in the statement. Kucinich's statements came in response to a story in the Washington Post describing General Electric's transfer of sophisticated aviation technologies...
  • Laser Advances in Nuclear Fuel Stir Terror Fear

    08/21/2011 9:28:54 PM PDT · by neverdem · 25 replies
    NY Times ^ | August 20, 2011 | WILLIAM J. BROAD
    Scientists have long sought easier ways to make the costly material known as enriched uranium ó the fuel of nuclear reactors and bombs, now produced only in giant industrial plants. One idea, a half-century old, has been to do it with nothing more substantial than lasers and their rays of concentrated light. This futuristic approach has always proved too expensive and difficult for anything but laboratory experimentation. Until now. In a little-known effort, General Electric has successfully tested laser enrichment for two years and is seeking federal permission to build a $1 billion plant that would make reactor fuel by...
  • GE's Immelt Blames at Home, Employs Abroad

    07/29/2011 11:26:43 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | July 29, 2011 | Paul Chesser
    General Electric announced this week it will relocate its X-ray business to Beijing in order to capitalize on the burgeoning Chinese health care market.Bravo for them. Kudos. Iím sure itís a smart business move for the company Ė just like not paying taxes in the U.S., rent seeking for ďGreenĒ subsidies and mandates, and reducing American jobs are also bottom-line wise. But letís please stop listening to GE CEO Jeffery Immelt (if he ever was really taken seriously), who is the head of President Obamaís Council on Jobs and Competitiveness, whenever he tries to lecture other American corporations on...
  • GE moving X-ray business to China

    General Electric Co.ís health care unit, the worldís biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing. Tweet 14 people Tweeted this.ShareThis .ďA handfulíí of top managers will move to the Chinese capital and there wonít be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare. The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six ďcustomer innovationíí and development centers. The division should have ďdouble-digitíí growth rates as the country converts from film and analog to digital...
  • Fox paid $4.8 billion in taxes, MSNBC $0 (story worse than headline)

    07/16/2011 2:21:30 PM PDT · by NYer · 12 replies
    Daily Mail ^ | July 15, 2011 | Don Surber
    The parent company of Fox News ‚ÄĒ News Corp. ‚ÄĒ paid the U.S. government $4.8 billion in taxes over the last four tax years (2007-2010). GE, which owned most of MSNBC until late last year, paid zero taxes in 2010.In fact, GE received a $3.2 billion welfare check from Uncle Sam.From Pulitzer Prize winner David Cay Johnston: (Reuters) ‚ÄĒ Readers, I apologize. The premise of my debut column for Reuters, on News Corp‚Äôs taxes, was wrong, 100 percent dead wrong.Rupert Murdoch‚Äôs News Corp did not get a $4.8 billion tax refund for the past four years, as I reported. Instead,...
  • House turns off light bulb standards by voice vote

    07/15/2011 3:36:26 PM PDT · by NRG1973 · 218 replies
    The Politco ^ | July 15, 2011 | DARREN GOODE
    The House on Friday morning moved to block federal light bulb efficiency standards without even a roll call vote. An amendment from Rep. Michael Burgess (R-Texas) defunding the Energy Department's standards for traditional incandescent light bulbs to be 30 percent more energy efficient starting next year was approved rather anticlimactically by voice vote. The success of the amendment appeared inevitable in the House, where the fate of the incandescent light bulb became a symbol in the fight against federal regulations. Democrats and the White House have opposed the move to block the standards, which were included in a 2007 energy...
  • Will Lockheed's Rival Crash and Burn?

    07/07/2011 11:11:41 AM PDT · by sukhoi-30mki · 4 replies
    The Motley Fool ^ | 07/07/2011 | Rich Smith
    Will Lockheed's Rival Crash and Burn? By Rich Smith Investors know the saying: "Bulls make money, bears make money, but pigs get slaughtered." If you stumble onto a "good thing," don't get greedy -- take a fair profit. France's Dassault would be wise to heed that lesson. Yesterday, DefenseNews.com reported that Dassault has run into trouble in negotiations to sell the United Arab Emirates a fleet of Rafale fighter jets. The UAE wanted to purchase several dozen of the jets to replace its 63 French Mirage fighters. But a deal that was supposed to cost somewhere between $2.5 billion and...