Last year, a new company called Lightsquared promised an innovative business model that would dramatically lower cell phone costs and improve the quality of service, threatening the incumbent phone operators like AT&T and Verizon.  Lightsquared used a new technology involving satellites and spectrum, and was a textbook example of how markets can benefit the public through competition. 
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In recent weeks, the American Legislative Exchange Council  (ALEC) — a powerful and secretive corporate-funded organization that writes legislation and gets state legislatures to pass its bills — has come under increasing scrutiny. As media outlets and commentators from the left, right, and center have come to scrutinize the organization, they have frequently referred to
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Congressmen Michael McCaul and Kenny Marchant of Texas and Richard Hanna of New York all have two things in common. One, according to their personal financial disclosures, they own stock in defense contractor Pratt and Whitney. Two, they are all members of the F-35 Caucus, a group of Congressmen dedicated to awarding more contracts to
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Since former Congressman Steve Gunderson (R-WI) was named in January as the new head of the largest for-profit college association, APSCU, there has been talk that he might take a “kinder, gentler” approach to leading the troubled industry, which has pursued a take-no-prisoners lobbying approach in Washington. But having read Gunderson’s pronouncements in recent months, and
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Senator Jim DeMint (R-SC) has plenty of views that one might consider pro-corporate, including his calls for Social Security privatization and across-the-board deregulation of industry. But even DeMint, a committed budget-cutter, acknowledges that the root of the problem in Washington D.C., from wasteful spending to laws that trample on individual rights, are a product of
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Harold Simmons has spent $16 million so far this election season, making him one of the biggest presidential super PAC sugar daddies. Simmons recently said he was prepared to spend at least $36 million to beat President Obama, “for the good of the country.” But Simmons isn’t just spreading his wealth to help others. He’s hoping
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Mitt Romney announced yesterday that Ed Gillespie, a corporate lobbyist and former Republican Party chair, will become his senior advisor. Gillespie joins a kitchen cabinet of other “senior advisors” to the Romney campaign who double as influence peddlers. But in Gillespie’s case, he no longer discloses the names of his clients, which raises the question:
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Last week, the Food and Drug Administration (FDA) quietly rejected a petition to ban bisphenol-A (BPA) in food packaging, four years after the Natural Resources Defense Council (NRDC) asked the agency to outlaw the toxin. The agency said that “there is not compelling scientific evidence to justify new restrictions” on the chemical, which is used
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