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.

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"

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.

Excerpts from this story referencing "bank":

"… plays a perpetual second fiddle to JPMorgan Chase & Co., the only U.S. bank that holds more assets. A few blocks north, however, at the New York Metr …"

"… rovision of money transfers, e-messaging and some telephone services. The bank’s monopoly extends across the federal Bureau of Prisons system — 121 i …"

"… which include earnings from jobs and money their families send them. The banks’ exclusive deals came not from the Bureau of Prisons, but from the U.S. …"

"… de cards for federal prisons. Fees from former inmates make up most of the bank’s compensation for these cards, documents show. A separate Treasury docu …"

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 "Internet connections":

"… ssachusetts, to Clallam County, Washington, currently offer fiber or cable Internet connections to their communities, according to the Institute for Local Self-Reliance, …"

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 "Verizon Communications":

"… imed at making the combined company a more formidable competitor to giants Verizon Communications Inc. and AT&T Inc., which together claim 68 percent of U.S. wireless s …"

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 "Internet":

"… way. It began when Senior Reporter Allan Holmes, who covers broadband and Internet governance, was working on an investigation into corporate concentration i …"

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 "Pennsylvania":

"… most from top universities including Yale, Columbia, and the University of Pennsylvania. One of the key studies the company has cited during its meetings with th …"

"… rbach, who studies Internet and communications policy at the University of Pennsylvania’s Wharton School of Business. “This is their core competency, and the …"

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 "Internet":

"… stead of fighting the deal — which would create a cable TV and broadband Internet provider with 30 million customers and a television network — rivals lik …"

"… such deals, may trade off having a smaller number of cable television and Internet service providers for agreements that the remaining companies won’t bloc …"

"… roviders for agreements that the remaining companies won’t block or slow Internet traffic for their personal gain. That’s the guarantee of a free and open …"

"… traffic for their personal gain. That’s the guarantee of a free and open Internet that President Obama has pursued since being first elected in 2008. Chart …"

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 "the Boeing":

"… ent tax deal, received $58,718 in contributions for his 2012 campaign from the Boeing's political action commiteee and its employees — second most among …"

"… elected officials. A spokeswoman for Inslee said he has publicly defended the Boeing subsidy. “For every dollar we put into that, we’re going to get $3 ba …"

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.

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 "Citizens United v. Federal Election Commission":

"… 85 million to $173 million. See here for more. The U.S. Supreme Court’s Citizens United v. Federal Election Commission ruling in 2010 did not, as some warned, unleash a flood of corporate money …"

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.

Excerpts from this story referencing "Verizon Communications":

"… onsive Politics. In 2011, AT&T spent $20.2 million and ranked eighth. Verizon Communications was close behind, having spent $15.2 million in 2012 and placing 15th on t …"

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.

Excerpts from this story referencing "U.S. Treasury":

"… ons of dollars in compensation that was not part of the original deal. …"

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 "Broadcasting":

"… in its effort to prevent Rupert Murdoch’s News Corp., the parent of Fox Broadcasting Co. and the owner of a New York City television station, from gaining a wa …"

"… l fight with the country’s largest Christian television network, Trinity Broadcasting Network (TBN). Known for its broadcasts of televangelists like Jimmy Swag …"

"… oston station for $5 million, according to a report in the trade newspaper Broadcasting & Cable. The story noted that Honig was able to begin paying himself a …"

"… last year to Christian broadcaster Salem Communications. In 2010, Trinity Broadcasting Network donated 147 low-power television stations to MMTC. That year MMTC …"

'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 "U.S. Environmental Protection Agency":

"… gulators have encouraged this casual attitude, some say. For decades, the U.S. Environmental Protection Agency and state regulatory agencies have effectively ignored the emissions. Offi …"

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

Excerpts from this story referencing "Securities and Exchange Commission":

"… al judges in the Southern District of New York, the jurisdiction where the Securities and Exchange Commission sued Citigroup for knowingly selling toxic mortgage securities to clients. …"

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

By Rochelle Sharpe

Medical experts say measure signed by Perry requires unnecessary testing

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 "Securities and Exchange Commission":

"… e sitting on billions of dollars of liquid assets. In new filings with the Securities and Exchange Commission and conference calls with Wall Street analysts, some big players flatly sa …"

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 "broadband":

"… ile merger.”Martin went on to praise the potential expansion of wireless broadband service that AT&T Inc. has said the purchase of its smaller rival will …"

"… e — which will provide the girls we serve with more access to the mobile broadband connections that will connect them to the world,” Angela Patton, Camp Di …"

"… nization wrote. “Please consider all the good that an increased wireless broadband network can do for the kids, for the future.”In an interview, Gordon sai …"

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

Excerpts from this story referencing "Fannie Mae":

"… e Federal Housing Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Ban …"

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 "the Boeing":

"… anned to award the multi-billion-dollar contract for a new tanker based on the Boeing 767 as a “sole source,” meaning there would be no opportunity for a fo …"

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

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 "Fannie Mae":

"… disputes over mortgages, including its recent $2.8 billion settlement with Fannie Mae and Freddie Mac.‘Hot Project’Galinsky filed the first in a series of S …"

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

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

Excerpts from this story referencing "federal government":

"… als. Daley co-chaired a U.S. Chamber of Commerce commission that urged the federal government to revise the 2002 Sarbanes-Oxley corporate reform law and protect corpora …"

"… companies, were being endangered by the risk of criminal indictment by the federal government or by “mega-claims” filed by class-action attorneys.Critics at the tim …"

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 "New York Times":

"… ecretive, trillion-dollar world of derivatives trading is spotlighted in a New York Times story about the monthly meetings ICE Trust holds with nine bankers. The so …"

"… s not a better job in the world,” Moynihan said in an interview with the New York Times one year after taking the top job at the biggest U.S. bank.The numbers tel …"

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