GM's Earth-Shattering Revelation, Mega Millions News And More

Friday, March 30, 2012
After getting called out by an environmental group, General Motors has pulled support from the Heartland Institute, a Chicago-based nonprofit well-known for attacking the science behind global warming and climate change.

The automaker told the Heartland Institute last week that it won't be making further donations, spokesman Greg Martin said. At a speech earlier this month, GM CEO Dan Akerson said his company is running its business under the assumption that climate change is real.
States Salivating Over Possible Tax Windfall From Mega Millions Winners
Author Of Scathing Goldman Op-Ed Lands Lucrative Book Deal
How The Tax Man Is Losing Billions
We Burned Through Our Savings
BLOG POSTS
Robert Reich: Whose Recovery?
The economy grew at a 3 percent annual rate last quarter. Personal income also jumped. Americans raked in over $13 trillion. Yet it's almost a certainty that all the gains went to the top 10 percent, and the lion's share to the top 1 percent.
Adam Hanft: Foxconn and the Curious Silence of Social Media
Seduction wins over obligation. Based on the minimal level of visible, practical outrage -- boycotts, petitions, any social storm at all -- it's clear that the manifold pleasures we derive from Apple's products are blinding us.
Raymond J. Learsy: The Price of Oil: Saudi Hypocrisy, Our Gullibility
One is compelled to pull out that old chestnut, "There he goes again." The personage of a Saudi oil spokesman entertaining us to one of his seminal dissertations, expounding on Saudi Arabia's concerns for the well being of all mankind.
Tom Doctoroff: Is China Inc. Corporate America's Enemy?
The Chinese are (not) coming! It will be decades before Chinese corporations -- even in strategic industries such as renewable energy or information technology -- beat American, Western, and European companies on their own turf. Indeed, it may never happen at all.
Jared Bernstein: The Myth of the Myth of the Disappearing Middle Class
"The myth of the disappearing middle class" is a canard. Indeed, most living standards analysts think of the middle class as some chunk in the middle of the income distribution -- say the middle fifth or some variation therein -- which of course cannot by definition "disappear." I've been writing about middle class economics for decades and not once did I or my colleagues argue "disappearance." However, we did, and do, argue that the wage and income growth of middle class workers and families has weakened over time -- that the middle class has become increasingly squeezed. To understand the middle class squeeze, you've got to look at wages and hours.
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