Thursday, November 20, 2014

Arizona sues GM over alleged drop in car values

Arizona’s attorney general is suing General Motors Co. for about $3 billion, saying it sold millions of unsafe vehicles and should be forced to compensate the state over the alleged lost value of vehicles.

The lawsuit was filed Wednesday by Attorney General Tom Horne under the Arizona Consumer Fraud Act and seeks about $3 billion from GM based on the about 300,000 GM vehicles registered in Arizona that have been recalled this year.

But that money wouldn’t go to owners of the cars and trucks; instead Horne in a telephone interview said if successful in the suit, money recovered would go to the state and could fund things such as education. He said any recovery likely would be less, but still substantial.

http://www.detroitnews.com/story/business/autos/general-motors/2014/11/20/arizona-sues-gm-alleged-drop-car-values/19319675/

CNN: Obama's immigration plan

CNN: McConnell: Executive action ignores law



Join me in thanking President Obama for doing the right thing on immigration

Dear Sonia,Gente

Please join me and thank the President for keeping his promise by letting hardworking, taxpaying undocumented immigrants temporarily stay in the country they sustain with their sweat and sacrifice.

My husband, Cesar Chavez, and I decided to move back to Delano to begin organizing the United Farm Workers in 1962. Thousands came to work with our movement once the Delano Grape Strike started in 1965, 50 years ago in 2015. Millions of good people in North America supported us by boycotting grapes and other products.

All these years, I chose to stay in the background. I walked picket lines, managed our credit union and cared for our eight children. Cesar respected my privacy. I never spoke in public, talked with reporters or got involved in politics.

That changed when President Obama came to dedicate the Cesar E. Chavez National Monument at the Tehachapi Mountain town of Keene, Calif. near Bakersfield in October 2012. That’s where Cesar lived and worked his last quarter century, and where he is buried. As we walked away from paying respects at my husband’s gravesite, with the President holding my arm, I asked, “Mr. President, will you promise you will do something on immigration reform?”

“Yes, Mrs. Chavez, I promise I will,” he said.

Today, President Obama kept his promise to me and to the American people by using his power to help many of the immigrants who toil in our fields, make beds, clean rooms, cook meals, work in construction and manufacturing, and care for our young and elderly. They serve our country in the military. I’ve known the farm workers all my life. Like other immigrants, they take jobs most other Americans won’t take for pay most other Americans won’t accept and under conditions most other Americans won’t tolerate. Big parts of our economy can’t survive without immigrants.

Saturday, November 15, 2014

AT&T Plans to Reach Into the Pockets of the World’s Second-Richest Man


Between former Microsoft CEO Bill Gates and current Berkshire Hathaway CEO Warren Buffett lies the world's second-richest man: American Movil's (NYSE: AMX ) Carlos Slim. With a business background instilled by his father, a prominent businessmen in his own right, Carlos Slim started his empire with successful investments in construction, mining, retail, food, and tobacco.

These early investments put Slim in an opportune place during Mexico's 1982 economic crisis. In a classic "buy when there's blood in the streets" move, the magnate bought major Mexican businesses Reynolds Aluminio and General Tire, and acquired large stakes in the Mexican arm of British American Tobacco and The Hershey Company in the aftermath. Those businesses gave Slim the capital and reputation to buy government-owned landline company Telmex from the Mexican government in the early '90s.

Eventually, Slim would found American Movil, the company that would propel him to the top of the billionaire's list. But now AT&T (NYSE: T ) appears to want to take on Slim in his home country. By paying $2.5 billion to acquire Mexican wireless provider Iusacell, the company plans to mount the most serious challenge to Slim's empire yet

That said, AT&T is excited for the opportunity. It appears AT&T will use its United States network to pull in Mexican subscribers. CEO Randall Stephenson commented [emphasis added]:

Our acquisition of Iusacell is a direct result of the reforms put in place by President Pena Nieto to encourage more competition and more investment in Mexico ... Iusacell gives us a unique opportunity to create the first-ever North American Mobile Service area covering over 400 million consumers and businesses in Mexico and the United States. It won't matter which country you're in or which country you're calling -- it will all be one network, one customer experience.

http://www.fool.com/investing/general/2014/11/15/att-plans-to-reach-into-the-pockets-of-the-worlds.aspx

Thursday, November 6, 2014

Pink’s Hot Dogs Celebrates 75th Anniversary With 75-Cent Chili Dogs For 7 Days


LOS ANGELES (CBSLA.com) — Pink’s Hot Dogs in Hollywood is known for several things.

For starters, long lines and great chili dogs.

To celebrate its 75th anniversary at La Brea and Melrose, the famous hot dog stand is going to offer 75-cent hot dogs for 75 minutes for seven days, starting Friday.

Great! Longer lines! The promotion starts each night at 7 p.m.

http://losangeles.cbslocal.com/2014/11/05/pinks-hot-dogs-celebrates-75th-anniversary-with-75-chili-dogs-for-7-days/

Tuesday, November 4, 2014

Kentucky's Mitch McConnell wins another term in U.S. Senate


Los Angeles Times | November 4, 2014 | 4:15 PM

Republican leader Mitch McConnell moved closer to the job he has always wanted, winning another Senate term on a night he hopes to become majority-leader-in-waiting. McConnell defeated Democrat Alison Lundergan Grimes and the arrayed power of the national Democratic Party. The Associated Press projected the result.

Polls showed the race to be tight until the last few weeks, when the Senate minority leader opened up a small but consistent lead, helped by an artfully played GOP campaign and Lundergan Grimes’ refusal to answer when asked repeatedly if she had voted for President Obama.

As in other states, the unpopular Obama served as a detriment to the Democratic campaign and a predictable foil for the Republican candidate.

For the latest information, go to www.latimes.com/politics.

Republicans take control of U.S. Senate

Los Angeles Times | November 4, 2014 | 8:40 PM

Republicans seized control of the Senate, winning back the chamber they surrendered to Democrats in 2006.

The win was not unexpected, as both history and the political map favored the GOP. The party out of power typically wins congressional seats in the midterm election, especially in the sixth year of a presidency.

In addition, most of the election played on political terrain favoring the GOP. Democrats had to defend far more seats, and most of the competitive races were in states President Obama lost in 2012.

For the latest information go to www.latimes.com/politics.

Proposition 2, to build state rainy-day fund, passes

Los Angeles Times | November 4, 2014 | 9:20 PM

Placed on the ballot by Gov. Jerry Brown and the Legislature, this measure will require state officials to put aside at least 1.5% of the general fund every year.

Money may be withdrawn only when the governor and the Legislature declare a fiscal emergency.

For the latest information go to www.latimes.com.

Proposition 1, the water bond measure, passes

Los Angeles Times | November 4, 2014 | 8:55 PM

Proposition 1 has been approved, AP reports. It gives state officials permission to borrow more than $7 billion to pay for an upgrade of California's giant water system.

Some of the money will be allocated to the protection and restoration of wildlife habitat and watersheds.

For the latest information, go to www.latimes.com.

Proposition 47, reducing penalties for some crimes, passes

Los Angeles Times | November 4, 2014 | 9:07 PM

Proposition 47 has been approved, AP reports. Penalties for some common crimes in California will be changed from felonies to misdemeanors under the measure.

Those crimes include drug possession and, when less than $950 is involved: shoplifting, check and credit fraud, forgery, theft and possession of stolen goods.

For the latest information, go to www.latimes.com.