General Electric

Feingold Challenges Jeffrey Immelt On New Position

e actually applaud this surprising move by former Wisconsin Democratic senator Russ Feingold (recall that Feingold was swept out of office last year in a tsunami of Tea Party expression). Just in case you're keeping score, here's the opening shot in the corporate corruption wing of the Obama School of Economic Whatevers: Friend, IT'S EVERYTHING THAT'S WRONG with corporate power today: News broke last week that General Electric, America’s largest corporation, made $14,200,000,000 in profits last year and paid $0 in taxes—that’s right, zero dollars in taxes. At the same time, C.E.O. Jeffrey Immelt saw his compensation double. Now I...

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Why the Media Blackout On New Energy Breakthrough?

CHEAPER ELECTRICITY OUGHT TO BE a topic of interest, you might think. But because the media is pushing uneconomical "green" technologies, you probably haven't heard of the discoveries which promise to make electricity generated by natural gas cheaper. Since 1992 the U.S. DOE has "invested" hundreds of millions of dollars into clean-burning, efficient "combined cycle" natural gas turbines made by GE and Westinghouse to power dynamos in central electricity generation stations. GE? I saw these massive generators being built for South American installations in person at a General Electric Jacksonville, FL plant. A very clever highschool friend whom I was...