Muckraked

Archive for the ‘Business’ Category

9 Out of 10 Food Safety Testing Labs Diss Congressional Investigators

On Thursday, the Subcommittee on Oversight and Investigations will hold a hearing titled “American Lives Still at Risk: When Will FDA’s Food Protection Plan Be Fully Funded and Implemented?”
The Committee’s eighth hearing on food safety will assess the Food and Drug Administration’s (FDA) progress in implementing and funding the Administration’s Food Protection Plan. It will [...]

Popularity: 9%

Hearing on FEMA’s Toxic Trailers Scheduled For Tomorrow

As a follow-up to last year’s hearing on FEMA’s toxic trailers, House Oversight Committee Chairman Henry Waxman just announced a hearing tomorrow regarding the elevated levels of formaldehyde in the travel trailers FEMA provided to victims of Hurricane Katrina.
Waxman sent letters to four manufacturers of the travel trailers - Gulf Stream Coach, Pilgrim International, Keystone [...]

Popularity: 11%

The Fighter Jet’s $7B Weight-Loss Program

Today, the Senate Armed Services Committee held a hearing to get to the bottom of a recent GAO analysis that 95 major weapons programs had cost overruns totalling $295 billion.
Among the examples: the Marine version of the Joint Strike Fighter (F-35) which is supposed to take off vertically and take off from short runways. According [...]

Popularity: 34%

Istook on Former Aide’s Guilty Plea: ‘Surprised’ and ‘Shocked’

Former Rep. Ernest Istook’s longtime aide, John Albaugh, pled guilty this afternoon to conspiracy for accepting dinners, drinks and tickets to sport events and campaign contributions from Jack Abramoff’s lobbying firm which was seeking specific legislation and action from Congress for transportation legislation.
Tonight, Istook issued the following statement:
“I am as surprised and as shocked as [...]

Popularity: 30%

Video of the Day: IBM Tax Breaks Criticized By Its Workers

About 30 people, most of them IBM employees, contract workers and union reps, showed up at a public hearing this morning at the Dutchess County Industrial Development Agency to condemn the company’s new tax deal with the county as “corporate welfare.”
“I think it’s a bad deal,” Joel Tyner, a county legislator for Rhinebeck and Clinton, [...]

Popularity: 31%

Between the Lines: McCain Adviser’s Link to Olmert Scandal

Unmentioned in the New York Times’s illuminating story about McCain adviser Rick Davis’s lobbying activity are the recent revelations about his onetime client, ImageSat.
Davis’s firm, Davis Manafort, received $120,000 to lobby for Imagesat, an Israeli company which sells satellite imagery, on both defense and domestic security issues in 2004 and 2005.
Imagesat has been in the [...]

Popularity: 8%

Trouble in the Air? Airlines Hired 1/3 Fewer Maintenance Workers

Headlines in recent weeks have been dominated by accounts of FAA inspectors who were punished for raising concerns about possible safety problems with airplanes operated by Southwest and American Airlines.
Today’s report from the Bureau of Transportation Statistics provides a possible clue as to the source of those problems: “passenger airlines employed 4 percent fewer pilots [...]

Popularity: 5%

Earmark Alert: $3.6B
For Unwanted C-17 Planes

Tucked in the emergency Iraq supplemental funding bill is $3.6 billion for 15 new C-17 cargo planes.
That’s despite the fact that the Pentagon never requested the planes, which don’t play much of a role in military operations in Iraq.
Instead, the funding is intended to keep the C-17 production line rolling and safeguard jobs at their Long [...]

Popularity: 12%

Turning the Page: “Convictions”
Was Enron Task Force Politicized?

Former federal prosecutor John Kroger, who’s currently running for attorney general of Oregon, details his career taking down the mob and white-collar criminals in his new book, “Convictions: A Prosecutor’s Battles Against Mafia Killers, Drug Kingpins, and Enron Thieves.”
One of the most interesting anecdotes concerns his application to join the Justice Department’s Enron Task Force [...]

Popularity: 3%

Just in Time for Kentucky Derby,
$500M Benefit For Racehorse Owners

Racehorse owners at this weekend’s Kentucky Derby are sure to be raising their mint juleps to toast the special gift they’re getting from Senator Mitch McConnell in the current farm bill before Congress.
According to Taxpayers for Common Sense, McConnell and some of his colleagues secured $500 million in depreciation and capital gains tax breaks for racehorse owners in the [...]

Popularity: 5%