News Articles By Lisa Graves

Pete Peterson’s Chorus of Calamity

Peter G. PetersonFix the Debt financier Peter G. Peterson knows a thing or two about debt: he's an expert at creating it. Peterson founded the private equity firm Blackstone Group in 1985 with Stephen Schwarzman (who compared raising taxes to "when Hitler invaded Poland"). Private equity firms don't contribute much to the economy; they don't make cars or milk the cows. Too frequently, they buy firms to loot them. After a leveraged buyout, they can leave companies so loaded up with debt they are forced to immediately slash their workforce or employees' retirement security.

Press Advisory: Exposing ALEC’s Economic Agenda in the States

Washington— On Wednesday, February 13, 2013, the Economic Policy Institute will host a media conference call on the economic policy agenda promoted by the American Legislative Exchange Council (ALEC)—an agenda that would weaken state economies, harm working families and put the interests of corporations and the most affluent households before the common good.

What Is Visa Hiding? Majority Shareholders Thwart Effort to Require More Disclosure of Money Spent on ALEC

ALEC brochure lists VISA as a major underwriterA majority of Visa shareholders rejected an effort to require the company to provide more disclosure about its role in the American Legislative Exchange Council (ALEC) and related lobbying activities. Boston Common Asset Management, an investment firm focused on socially responsible investing, and the Unitarian Universalist Association of Congregations (UUA), a religious organization that affirms the inherent capacity for good in human beings, filed a resolution to require the company to disclose all payments used for lobbying purposes, including payments to groups like ALEC. In all, over 100 million votes were cast in favor of the resolution -- 37% -- but that substantial outpouring of support for greater transparency accounted for less than a majority of the votes cast by Visa shareholders.

A 25% Cut for the Pentagon? Key Dems Say Unnecessary Defense Spending Is Crippling the U.S. and Should Be Part of Debt Debate

The largest Democratic Party organization in the nation has called on Congress to support a 25% cut in Pentagon spending. The California Democratic Party -- which includes more than 2,000 representatives of the state's more than seven million Democrats -- adopted this policy in the past year in the face of threats by Republicans in Congress to refuse to allow the U.S. to increase its credit limit.

"Energy In Depth" – A Reporters' Guide to Its Founding, Funding, and Flacks

What is Energy In Depth, really? EID describes itself as "a research, education and public outreach campaign focused on getting the facts out" about hydraulic fracturing, widely known as "fracking." It's a website created by a trade group for the gas industry -- the "Independent Petroleum Association of America" (IPAA) -- and a public relations firm.

Taxpayer-Enriched Companies Back Jeb Bush's Foundation for Excellence in Education, its Buddy ALEC, and Their "Reforms"

This week in Washington, DC, Jeb Bush's "Foundation for Excellence in Education" (FEE) is meeting just five blocks away from the post-election conference of the American Legislative Exchange Council (ALEC), the controversial corporate bill mill working on profitizing public education among other legislative changes, but the ties between the two groups are even closer.

Pages

Subscribe to Lisa Graves's News Articles