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Corporate Greed

News Story
11/5/2014
Posted by Mark Reback
It's hard to imagine that anyone in California had a worse election night than the folks at Consumer Watchdog. The non-profit advocacy group lost not one but two ballot propositions — seeing both Proposition 45 and 46 go down to defeat by wide margins. Proposition 45 would have given the insurance commissioner the power to reject...
News Story
11/5/2014
Posted by Mark Reback
It was obvious from the start that the cascade of corporate cash into ballot initiative campaigns in California this year would be overwhelming. The reality did not disappoint. That reality had to please the biggest spenders, notably the insurance companies and agents who defeated propositions 45 and 46, two pro-consumer healthcare measures. The...
News Story
11/5/2014
Posted by Mark Reback
Back in June, more than 60% of Californians supported it. But on Tuesday night, more than 60% of Californians voted against it. What went wrong with Proposition 45, the once popular rate-review ballot initiative? Here's a list of potential factors -- and it's hard to pick just one. It was outgunned Prop. 45 had several high-profile...
News Story
11/3/2014
Posted by Mark Reback
South Korean automakers Hyundai and Kia have agreed to penalties totaling an estimated $350 million for inflating fuel economy claims on 1.2 million vehicles, the Environmental Protection Agency said Monday. The penalty — the largest in Clean Air Act history — stemmed from an investigation by the EPA and the Department of Justice. In a...
News Release
11/2/2014
Posted by Harvey Rosenfield
Santa Monica, CA – Consumers who purchased Hyundai and Kia cars based on the companies’ misrepresentations about the fuel economy of several of their 2011, 2012 and 2013 model year vehicles will not receive any money from the government consent decree with the auto makers announced today, said advocates at Consumer Watchdog, the non-...
News Story
10/26/2014
Posted by Mark Reback
Apple may be one of the most valuable companies in the world, but in one area, it falls decidedly behind its rivals: its spending on lobbying the politicians of Washington. According to its latest lobbying disclosure filing, Apple spent a total of $1,010,000 on lobbying activities in the September quarter, significantly below the level of spending...
News Story
10/25/2014
Posted by Mark Reback
DaVita Healthcare Partners Inc. this week agreed to one of the largest ever anti-kickback settlements in the U.S. But even a $350 million penalty isn’t enough to satisfy Jamie Court’s sense of justice. The president of Consumer Watchdog wants to hold accountable the kidney doctors who bought ownership stakes in DaVita dialysis clinics...
News Story
10/23/2014
Posted by Mark Reback
Silicon Valley keeps playing the D.C. game. Tech and telecom giants including Google and Facebook spent millions on political lobbying in the three-month period from July to September, according to data released Tuesday. Google spent nearly $4 million on its efforts to win favor with lawmakers, up 17 percent over the same period last year (but...
News Release
10/21/2014
Posted by John M. Simpson
SANTA MONICA, CA – Google spent $3.94 million lobbying the federal government in the third quarter, off from its record $5.30 million in the previous quarter, but up 17 percent from $3.37 million in the comparable period in 2013, according to records just filed with the Clerk of the House of Representatives and analyzed today by Consumer...
News Story
10/10/2014
Posted by Mark Reback
defended Michael Peevey, the embattled president of the California Public Utilities Commission. The commission, which regulates California’s massive energy and telecommunications industries, had come under scrutiny for back-channel communications with Pacific Gas and Electric Co. following a gas line explosion that killed eight people in San...