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Keyword: generalelectric

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  • 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 it’s 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 bank’s 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-Im’s 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 Mexico’s Yucatan Peninsula is just one piece of General Electric’s 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. GE’s 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 president’s remarks at General Electric’s Waukesha Gas Engines facility. After extolling his own economic policies at some length, Obama observed that “manufacturing jobs typically pay well” in the United States. “We want to encourage more of them,” he said. Then, he began to speak — apparently extemporaneously — about the benefits of working in America’s 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 Microsoft’s 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 that’s not obvious to outsiders was the company’s employee evaluation system, known as “stack ranking.” The system—and its poisonous effects on Microsoft’s corporate culture—was 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 Rock—the building and the TV business born there. It’s another step in GE’s efforts to focus on less glamorous—but theoretically more profitable—ventures such as manufacturing medical imaging equipment, airplane engines and electrical generators. … GE is giving up its stake in one of America’s best-known brands. The sale includes the NBC broadcast network, which airs everything from “Law & Order” to “The Office” and “The Biggest Loser.” The company also owns cable networks Bravo, CNBC, Telemundo, USA and the Golf Channel. There’s 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 – 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 — 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. “(Romney) invested in companies that have been called ‘pioneers’ of outsourcing,” Obama said at a Saturday campaign event in Glen Allen, Va. “I don’t want a pioneer in outsourcing. I want some insourcing.” But Obama’s 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 Republicans’ 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 party’s 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 – 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 Motor’s 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 “a magnet around everything we are trying to do to showcase our brand,” so far it’s 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. “They’re trying to shred the social contract,” King said at the event held in Flint. “We don’t spend too much. This is still a rich country The problem is we’ve lost our moral compass,” 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 November’s 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 man’s 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 Reagan’s 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 “more energy efficient” 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 — 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 we’re celebrating the Reagan centennial, he praised President Reagan for being both “tough-minded and hopeful,” and also “willing to work with his detractors.” That approach, said Immelt, should also be a model of leadership in the 21st century, which “is about building bigger and diverse teams; teams that accomplish tough missions with a culture of respect.”
  • 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 — 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. I’m sure it’s a smart business move for the company – just like not paying taxes in the U.S., rent seeking for “Green” subsidies and mandates, and reducing American jobs are also bottom-line wise. But let’s please stop listening to GE CEO Jeffery Immelt (if he ever was really taken seriously), who is the head of President Obama’s Council on Jobs and Competitiveness, whenever he tries to lecture other American corporations on...
  • GE moving X-ray business to China

    General Electric Co.’s health care unit, the world’s 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 .“A handful’’ of top managers will move to the Chinese capital and there won’t 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 “customer innovation’’ and development centers. The division should have “double-digit’’ 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 — News Corp. — 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) — Readers, I apologize. The premise of my debut column for Reuters, on News Corp’s taxes, was wrong, 100 percent dead wrong.Rupert Murdoch’s 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...
  • Fred Upton’s Broken Light Bulb Promise Another Example of the Failure of Republican Leadership

    06/13/2011 3:09:27 PM PDT · by radioone · 22 replies
    Broadside Books ^ | 6-13-11 | Michael Patrick Leahy
    Late last year, Republican Congressman Fred Upton, who co-sponsored the infamous ban on the current generation of inexpensive incandescent light bulbs included in the 2007 Energy Independence and Security Act, was desperate to secure conservative support for his bid to become Chairman of the Energy and Commerce Committee, the same committee in which he had introduced the despised ban three years earlier. He therefore promised that one of his first acts would be to advance legislation that would repeal the very light bulb ban he had once championed. Upton’s ploy succeeded, and in January of this year, Speaker of the...
  • Obama names businessman Bryson to Commerce post

    05/31/2011 8:41:36 AM PDT · by sunmars · 33 replies
    WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.
  • The Dangers of CFLs Even Greater Than Previously Known

    05/19/2011 5:14:39 AM PDT · by Tolerance Sucks Rocks · 57 replies
    The American Thinker ^ | May 19, 2011 | Edmund Contoski
    New evidence of CFLs causing fires -- even exploding -- as well as new environmental concerns have come to light since my article The CFL Fraud published.  Here are some of the additional fires:  "I had one of these CFL's in my garage socket, and it blew a component (not the glass corkscrew) and caught fire.  Fortunately, I was standing four feet away at the time.  I turned off the power and smothered the bulb with a towel." LINK "I heard a sizzling sound like bacon, looked in the direction of the sound and watch the CFL burst into flame...
  • GE's Profit Jumps 77%

    04/21/2011 5:59:04 AM PDT · by pillut48 · 38 replies · 1+ views
    Wall Street Journal ^ | APRIL 21, 2011, 8:36 A.M. ET | BOB SECHLER
    General Electric Co. reported a 77% increase in first-quarter earnings, lifted by marked improvement at its GE Capital financing arm and gains at most of its industrial units. The company also boosted its quarterly dividend by a penny to 15 cents. The move marks GE's third dividend increase in the past year, although the payout remains well short of GE's 31-cent dividend before the financial crisis and economic downturn. Many companies have been boosting dividends, looking to give cash back to shareholders as the need to hoard it wanes amid an improved economy.
  • General Electric Profits Up 77% But Company Avoids Paying a Penny in Taxes

    04/21/2011 9:55:37 AM PDT · by ilovesarah2012 · 29 replies
    favstocks.com ^ | April 21, 2011 | Jonathan Turley
    President Barack Obama has been unabashed in his close association with General Electric CEO Jeffrey R. Immelt, including naming him to head the President’s Council on Jobs and Competitiveness. Obama has continued to shower such honors and attention on Immelt despite the fact that GE has avoided paying ANY taxes. Indeed, GE has demanded a tax benefit of $3.2 billion. Now, GE has posted a 77% increase in profits while paying less taxes than any of its factory workers. Investors are doing well even if the taxpayers are getting killed. The company increased its quarterly dividend for the third time...
  • G.E. Paid No U.S. Taxes in 2010

    03/25/2011 9:53:36 AM PDT · by xtinct · 106 replies
    Weekly Standard ^ | 3/25/2011 | Daniel Halper
    General Electric paid no American taxes in 2010, the New York Times reports: The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion. That may be hard to fathom for the millions of American business owners and households now preparing their own returns, but low taxes are nothing new for G.E. The company has been cutting the percentage of its American profits paid to the Internal Revenue Service for years, resulting in...
  • Corporate Welfare

    03/23/2011 4:19:34 AM PDT · by Kaslin · 35 replies
    Townhall.com ^ | March 23, 2011 | John Stossel
    In America today, the biggest recipients of handouts are not poor people. They're corporations. General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama's Economic Recovery Advisory Board. He's a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?) "Jeff Immelt is perhaps the CEO who is most cozy with President Obama," says journalist Tim Carney. "General Electric is structuring their business around where government is going ... high-speed rail, solar, wind....
  • GE Not Exposed to Nuclear Liability in Japan (Despite known flawed design)

    03/16/2011 3:36:49 AM PDT · by tobyhill · 67 replies
    Fox News ^ | 3/16/2011 | By Matt Egan
    Thanks to a nuclear-industry practice known as channeling law, General Electric (GE: 19.59, 0.00, 0.00%) doesn’t appear to be on the hook for liabilities related to the nuclear crisis at Japanese reactors designed 40 years ago by the blue-chip conglomerate. Since the magnitude 9.0 earthquake that has paralyzed Japan, GE’s stock has slumped as much as 7.4%, in part due to worries about its legal exposure to the Fukushima Daiichi nuclear facility, which is said to be teetering near a nuclear catastrophe. However, analysts believe GE has little to worry about from a legal perspective and its bottom line may...
  • Experts Had Long Criticized Potential Weakness in Design of Stricken Reactor (Corrupt GE)

    03/15/2011 7:55:45 PM PDT · by Frantzie · 30 replies · 1+ views
    NY Slimes ^ | 3-15-2011 | Tom Zeller Jr.
    The warnings were stark and issued repeatedly as far back as 1972: If the cooling systems ever failed at a “Mark 1” nuclear reactor, the primary containment vessel surrounding the reactor would probably burst as the fuel rods inside overheated. Dangerous radiation would spew into the environment.
  • Shocker: General Electric Gets Waiver From EPA Regulations

    02/11/2011 3:39:49 PM PST · by george76 · 28 replies
    sa ^ | February 3, 2011 | Rob Port
    Some 40% of the roughly 700 waivers issued on Obamacare have gone to the Democrats’ liberal allies in the labor unions who, ironically enough, campaigned long and hard to get Obamacare passed. But now we learn that waivers from Obamacare isn’t where the cronyism is going to end. Guess who just got a big, fat waiver from new EPA rules? Why, none other Obama’s good friend General Electric whose CEO Jeff Immelt is one of Obama’s economic advisers. I wonder how long it will take someone to challenge this selective enforcement of the law in court. After all, it surely...
  • EDITORIAL: Obama's crony capitalism--Government Electric, Government Motors; what industry is next?

    01/24/2011 5:22:51 PM PST · by jazusamo · 20 replies
    The Washington Times ^ | January 24, 2011 | Editorial
    President Obama is continuing his outreach to American business, though the principal business he wants to reach out to is General Electric. Mr. Obama seems to have decided that what's good for GE is good for America, or at least for himself. It has been a banner year in government largesse for America's fourth-largest corporation. This month, the Federal Communications Commission approved the 51 percent/49 percent NBC Universal joint venture between Comcast and GE. Last week, GE announced a White House-backed plan for another joint venture with a Chinese avionics company. Mr. Obama capped the good news by naming GE...
  • Trading Away Secrets

    01/19/2011 5:07:09 PM PST · by Kaslin · 19 replies
    IBD Editorials ^ | January 19, 2011 | Staff
    Technology Transfer: During the visit of China's president, and as China's new stealth fighter takes to the sky, America's top jet engine manufacturer agrees to provide Beijing with state-of-the-art aircraft technology. The aircraft industry remains one of America's strongest manufacturing sectors, providing needed jobs and industrial sales. Already buffeted by the heavily subsidized European Airbus, it may also face stiffer competition one day from a Chinese behemoth buying what American technology it cannot steal. General Electric plans this week to sign a joint-venture agreement under which it will share its most sophisticated airplane electronics, including technology from Boeing's 787 Dreamliner,...
  • Chris Matthews Uses Palin Reindeer Shooting Footage As A Convincing Excuse.How Pathetic!

    01/14/2011 3:49:33 PM PST · by TheTeaPartyChannel · 24 replies · 1+ views
    Last Night On "TingleBall", Chris Matthews continued his rants on Sarah Palin as if she was the primary culprit behind the Saturday Shootings. He put together a compilation Sarah Palin video with bits of her "Reloading Related Remarks",and in the video,there is a carefully edited bit of Palin shooting the caribou/reindeer.The shooting of the deer was the focus.Chrissy Tingles Matthews actually thinks that the average American will believe that Sarah Palin shooting the deer is the Primary Reason A Lunatic Went On A Shooting Spree In Tuscon! Could a cable news anchor BE ANY MORE IGNORANT? !!
  • JSF Alternate Engine Hits Congressional Headwinds

    12/16/2010 9:25:55 PM PST · by ErnstStavroBlofeld · 2+ views
    Aviation Week ans Space Technology ^ | 12/15/2010 | Michael Bruno
    The General Electric-Rolls Royce F136 alternate engine for the Joint Strike Fighter program looked increasingly vulnerable Dec. 15 when efforts to prolong the controversial program appeared to be losing steam in Congress. In separate but related actions Dec. 14-15, defense lawmakers and their aides said they have worked out a quick compromise to help pass defense authorization legislation for Fiscal 2011, not including an earmark for the engine, while a Senate Democratic appropriations proposal that included F136 language ran into growing conservative opposition. The authorization measure – stripped down after a provision to repeal Don’t Ask, Don’t Tell policy stopped...
  • GE-Rolls Cleared For More JSF Engine Tests

    12/06/2010 3:34:24 PM PST · by ErnstStavroBlofeld · 1 replies
    Aviation Week and Space Technology ^ | 12/6/2010 | Guy Norris
    General Electric and Rolls-Royce have been granted a two-week breathing space by the F-35 Joint Program Office (JPO) to continue tests of the endangered F136 Joint Strike Fighter alternate engine. GE-Rolls says the JPO “has enabled us to find a way to stretch the funding” for continued testing of the F136 until Dec. 17, the date earlier indicated as a possible extension by the development team. The change was made possible, the JPO says, by the program execution to date. “The JPO has modified the contract accordingly, and there is no indication that a stop-work order will be issued,” GE-Rolls...
  • Mayor demands apology after Limbaugh takes shot at Bristol (city in CT, not Palin)

    12/06/2010 8:44:38 AM PST · by Tolerance Sucks Rocks · 51 replies · 2+ views
    The Bristol Press ^ | December 5, 2010 | Steve Collins
    BRISTOL — America’s most popular radio talk show host, Rush Limbaugh, blasted Bristol the other day for supposedly making off with some of the $3.3 trillion in loans given to businesses by the Federal Reserve during the recession. While the charge is false – even absurd given the city’s paltry place in the financial arena – Limbaugh didn’t stop there. He described Bristol to his millions of listeners as nothing more than ESPN. “That’s all that’s there: ESPN and a couple of cheap hotels,” Limbaugh said on his nationally syndicated show Thursday. That was more than enough to stir Bristol’s...
  • Dogfight Erupts Over Costly Jet Engine .

    11/29/2010 11:14:56 PM PST · by ErnstStavroBlofeld · 8 replies · 1+ views
    Wall Street Journal ^ | 11/30/2010 | Nathan Hodge
    An important skirmish in the battle over military spending is taking place in this industrial suburb of Cincinnati. At stake is a program to develop an alternate engine for the Joint Strike Fighter, a stealthy, supersonic jet supposed to be the backbone of the U.S. fighter fleet for the next three decades. For the past four years, Congress has funded the development of the second engine against the wishes of the Pentagon, which maintains that only a Pratt & Whitney engine should be funded. View Full Image Reuters Congress could decide within days whether to fund a second engine for...