The Securities and Exchange Commission filed a subpoena against electric vehicle company ECOtality in October of 2010, requesting documents relating to its investigation into insider trading by some of the company’s top executives. The name of at least one of those individuals has now been revealed. ECOtality is a poster …
President Barack Obama deflected blame for high gas prices yesterday, by blaming American consumers for their automobile choices. According to the AP, at an event at a wind turbine plant, “Obama needled one questioner who asked about gas prices.” Obama laughingly said: “If you’re complaining about the price of gas …
Government mandates, preferences and subsidies don’t work. Here’s another example. When gas prices hit record levels over the summer, companies were furiously pumping out oil to meet surging global demand. As the economy took a turn for the worse and demand slowed, there was a noticeable lag as companies continued …
As President Obama and Congress are starting to learn, it isn’t easy running American businesses from Washington. This week AIG threw bonuses in the faces of their new CEO’s on Capitol Hill, after Senator Chris Dodd (D-CT) specifically legislated that they could do just that. Senator Dodd is apparently wishing …
