Center report spurs investigation of Bank of America, JPMorgan prison deals

By Daniel Wagner

No-bid contracts with Bank of America and JPMorgan under government scrutiny after Center report.

Excerpts from this story referencing "Senate":

"… edom of Information Act request. Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. The audit may expand to encompass other fin …"

Senator questions Bank of America’s no-bid prison deal

By Daniel Wagner

After a Center report, Sen. Charles Grassley, R-Iowa, says Bank of America's no-bid prison banking deal "raises significant questions"

Excerpts from this story referencing "Senate":

"… s significant questions.” Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. Prisons account for more than one-fourth of …"

Megabanks have prison financial services market locked up

By Daniel Wagner

Bank of America and JP Morgan Chase & Co. avoid competitive bidding process in contracts serving federal prisoners.

How big telecom smothers city-run broadband

By Allan Holmes

Municipal broadband boosts business, but often stops at city limits thanks to lobbying muscle of telecom giants.

Excerpts from this story referencing "Massachusetts":

"… t. City-provided broadband widespread More than 130 cities from Norwood, Massachusetts, to Clallam County, Washington, currently offer fiber or cable Internet co …"

Potential Sprint, T-Mobile marriage threatens consumer gains

By Allan Holmes

Sprint, T-Mobile fought to maintain competition, merger talks show they're giving in.

Excerpts from this story referencing "T-Mobile USA Inc.":

"… sions here regarding the reserved spectrum provisions.” …"

Name calling won't silence investigative reporting

By Bill Buzenberg

How a Verizon flack's tweet clinched more readers for our wireless investigation.

Excerpts from this story referencing "reporter":

"… appened a week ago when a corporate spokesman slammed one of our excellent reporters via Twitter, labeling him “lazy and unethical.” Ed McFadden of Verizo …"

"… report was published, he tweeted “This happens when a lazy and unethical reporter writes with something other than his crayons.”  Enter John Dunbar, …"

Wireless companies fight for their futures

By Allan Holmes

A rare auction of wireless spectrum may determine who controls your cell phone.

Excerpts from this story referencing "Congress":

"… ket, respectively, according to the report. Competition or revenue? When Congress ordered the FCC in 2012 to hold the spectrum auction, the goals were to in …"

"… $2.8 million in 2013. The spending pays for lobbyists to visit members of Congress, or to urge them to call or write the agency. Sen. Chuck Schumer, D-N.Y., …"

"… bert Latta from Ohio, received among the largest campaign contributions in Congress from AT&T’s and Verizon’s PACs for the 2012 elections — a total …"

"… ary of commerce in the Clinton administration and a former director of the Congressional Budget Office, Congress’ economic research arm — published a  …"

Comcast, Time Warner rivals may see opportunity in mega-merger

By Allan Holmes

The Comcast-Time Warner merger may be embraced by industry rivals who see an opportunity for their own deals.

Excerpts from this story referencing "consumer advocacy":

"… ur deals, said Harold Feld, a senior vice president at Public Knowledge, a consumer advocacy group in Washington. AT&T Inc. and Verizon Communications Inc., the b …"

Corporate subsidy deals don’t always deliver

By Julie Patel

Popular business incentive programs can help politicians win favor with voters and companies.

Excerpts from this story referencing "Jay Inslee":

"… three state subsidies over time have gone to Boeing from Washington. Gov. Jay Inslee, a Democrat who pushed for the recent tax deal, received $58,718 in contri …"

T-Mobile’s lobbying spending may be paying off

By Allan Holmes

The No. 4 wireless carrier sees its lobbying investments paying off in D.C.

Excerpts from this story referencing "Senate":

"… nt $5.2 million on lobbying in 2013, according to the latest filing in the Senate’s Lobbying Disclosure Act Database. That’s almost unchanged from the p …"

Top U.S. corporations funneled $173 million to political nonprofits

By Michael Beckel

Analysis of company disclosures reveals steady flow of cash from corporations to social welfare organizations, trade associations.

Excerpts from this story referencing "Edison Electric Institute":

"… disclosed sizable payments to two other trade groups, $3.4 million to the Edison Electric Institute and about $578,000 to the American Gas Association. Adams said Exelon’s …"

AT&T buoyed in lobbying push against spectrum auction limits

By Allan Holmes

Expect telecom giant to fight FCC on spectrum auction limits following T-Mobile airwaves purchase.

IMPACT: Treasury to open Comerica deal to new bids after CPI report

By Daniel Wagner

Multimillion-dollar government deal with Comerica will be re-bid in 2015 after reports of lack of transparency and competition.

Civil rights group's FCC positions reflect industry funding, critics say

By Jason McLure

Civil rights organization often agrees with industry backers on FCC issues.

Excerpts from this story referencing "CBS Corp.":

"… close was the hundreds of thousands of dollars his group had received from CBS Corp., radio giant Clear Channel Communications Inc., Rupert Murdoch's News Corp …"

"… report also said that rival brokers were complaining that one MMTC client, CBS Corp., did not typically use brokers and had retained Honig “only to curry fav …"

'Upset' emissions: Flares in the air, worry on the ground

By Kristen Lombardi and Andrea Fuller

Residents living along the chemical corridor of Texas and Louisiana often encounter 'upset' emissions -- triggering pollution, health fears.

Excerpts from this story referencing "Baytown, Texas":

"… , but has testified in pre-trial discovery. ‘An Invisible Poison’ In Baytown, Texas, about 250 miles from Baton Rouge, ExxonMobil operates the nation’s larg …"

Warehouse worker lawsuit targets Walmart

By Jim Morris and Adithya Sambamurthy

Warehouse laborers, citing oppressive conditions and unpaid wages, contend Walmart is among those responsible.

Excerpts from this story referencing "Labor":

"… about inaccurate pay stubs, investigators with the California Division of Labor Standards Enforcement raided the complex Oct. 12, 2011. The agency cited S …"

"… know what they had earned for the work that they were doing,” California Labor Commissioner Julie Su, who ordered the raid, said in an interview. “We f …"

Surveillance requests to cellphone carriers surge

By The Associated Press

Police agencies made 1.3 million surveillance requests to US cellphone carriers in 2011

Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

SEC has long history of settling cases without requiring companies to admit guilt

Heart testing bill signed by Perry required unnecessary tests, critics charge

By Rochelle Sharpe

Medical experts say measure signed by Perry requires unnecessary testing

Excerpts from this story referencing "Morteza Naghavi":

"… ome scientists in the group could profit from a surge in imaging tests.Dr. Morteza Naghavi, SHAPE's founder, has launched several medical companies including CardioN …"

As they lobby for a tax holiday, some big multinational players say they've got plenty of cash on hand

By John Aloysius Farrell and Aaron Mehta

Big corporations seeking tax holiday are sitting on billions in U.S.

Excerpts from this story referencing "Microsoft":

"… , some big players flatly say they don’t need the tax holiday.Firms like Microsoft and Oracle, Google and Apple have tens of billions in cash stashed offshor …"

"… rrently do not intend nor foresee a need to repatriate these funds,” the Microsoft Corp. said in its latest quarterly report. “We expect existing domestic …"

"… investments, and cash flow from operations to continue to be sufficient.”Microsoft said it had $57.4 billion in cash and other liquid sources on hand, with $ …"

"… kept overseas.Though it rests in offshore accounts, the lion’s share of Microsoft’s money is already invested in U.S. assets. The firm says it has socked …"

Charities supporting AT&T’s buyout of T-Mobile have financial incentive

By Jason McLure

Charities that received big dollars from AT&T supporting phone giant's buyout of T-Mobile

Excerpts from this story referencing "official":

"… rls on a five-week summer retreat. She wrote to the FCC after the AT&T official who handles donations to her organization briefed her on the deal.In need …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Windfalls of war: Taxpayers get hammered by Pentagon attempts to "one-stop-shop"

By Sharon Weinberger

Pentagon abused its sole-source authority on weapons from tankers to choppers

Excerpts from this story referencing "chief financial officer":

"… the tanker negotiations, had also conducted job talks with Boeing’s then-chief financial officer, breaking federal conflict-of-interest laws. Druyun, who pleaded guilty an …"

Dodd-Frank author is proudest of "skin in the game" requirement for mortgage securitizers

By Shirley Gao

Rep. Barney Frank defends Dodd-Frank law as first anniversary nears

DuPont considered, then rejected, safer handling method for chemical that killed worker

By Jim Morris

DuPont ignored near-miss accidents, poor maintenance at W. Virginia planted to poor maintenance

Boeing pocketed millions by overcharging Army, IG report finds

By Ben Wieder

Boeing overcharged the Army $13 million for helicopter parts

Excerpts from this story referencing "Boeing":

"… 02 in Pentagon contracts in fiscal 2009, according to Government Executive. …"

"… the Army could fulfill more than $200 million worth of current and future Boeing orders with its own inventory, but that there are no Pentagon policies com …"

"… icies compelling the use of inventory rather than making outside purchases.Boeing, the second largest Pentagon contractor in fiscal year 2010, overcharged t …"

"… e contractor, the practice is not forbidden.The report also indicates that Boeing frequently negotiated lower prices from its suppliers shortly after signin …"

Bank of America, tech VP clash over money-laundering detection

By Michael Hudson

Bank of America Corp. faces myriad disputes with whistleblowers, state attorneys general, and homeowners after surviving the U.S. financial

Excerpts from this story referencing "inspector":

"… h. The lawsuit, which resulted from a joint investigation with the special inspector general for the federal bailout program, claims bank officials hid massive …"

Customers close accounts to protest Wall Street, abusive lending practices

Angry at Wall Street over the financial crisis and consumer credit practices seen as predatory, some consumers have opted to close their acc

Excerpts from this story referencing "big banks":

"… longer, but closed its doors for good in 2009.Dalyrmple said he blames the big banks and their political enablers for credit freeze that killed his business. …"

"… he liberal-leaning group Move Your Money, which advocates for customers of big banks to move their accounts to small banks and credit unions. (Santiago has pen …"

"… ing Bank Ties Not EasyHowever angry customers may be with Wall Street, the big banks still have the upper hand.Account holders with smaller balances may find t …"

Obama’s new chief of staff sought to loosen post-Enron corporate reforms

By Michael Hudson

William M. Daley, President Barack Obama's new chief of staff, is a major Wall Street player who sought to loosen corporate reform laws and

Reform reading: Big banks take on CFTC over policing of derivatives

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law. ...

Excerpts from this story referencing "Countrywide":

"… rking just on mortgage defaults – many inherited with the acquisition of Countrywide.Critics of Moynihan complain that he needs to raise his profile to build m …"

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