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The chief executive of General Electric raked in a $37.3 million pay package last year, a large sum by any standard. But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below. That will soon change. After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on...

When House Majority Leader Kevin McCarthy headlined a fundraiser in early June the room was packed with defense industry lobbyists, but reps from one megacontractor were missing — Boeing. Not only was Boeing absent at that fundraiser, the contractor has cut off all political contributions to the No. 2 House Republican over his support for killing the Export-Import Bank, which facilitates billions of dollars in low-interest loans to U.S. exporters like Boeing. General Electric, also a major supporter of renewing Ex-Im and a benefactor of the agency, has followed suit and has not contributed to the California Republican this year....

The US-India defence relationship needs an engine to drive it, say leaders on both sides. But there are different perceptions on what that engine might be. Americans believe the engine should be the "Defence Trade and Technology Initiative" (DTTI), a high-level committee of officials from both sides that moots projects for working together, and removes bureaucratic roadblocks. In January, when President Barack Obama met Prime Minister Narendra Modi in New Delhi, they "emphasised the ongoing importance of the (DTTI) in developing new areas of technology cooperation", according to a joint statement issued at that time. Indian officials are focused on...

So now several of the largest corporations in the state, including Yankee mainstays such as insurance giants Aetna and Travelers, as well as General Electric, are threatening to leave and get out of this abusive relationship. GE's CEO Jeff Immelt told his thousands of Connecticut-based employees that he has put together a team to evaluate a move to another state with "a more pro-business environment." He says the company's state taxes have increased five times since 2011 and the new hike would impose "significant and retroactive tax increases for businesses." Aetna complained that it already pays $65 million a year...

Connecticut’s Democratic leaders were willing Thursday to make minor changes to the business taxes that prompted some major employers to threaten to leave the state, but said they won’t roll the taxes back and expressed doubt that any of the firms would move. […] The plan includes numerous business tax changes, including higher taxes on computer and data processing services, limits on tax credits, limits on when losses can be reported, and how business income is reported. Meanwhile, Jeffrey Immelt, CEO of General Electric Co., sent an email to employees Thursday, saying he has assembled an “exploratory team” to review...

When it comes to farming, there is no better time than now to get into the field. Thanks to technological advances ushered in by the green movement, farming has evolved from a traditional means to sustain a personal living to a science with the potential to feed millions. The Inquisitr previously reported on how technology-assisted farming has become a blessing to others. Former NFL football player, Jason Brown, watched DIY videos on Youtube to learn how to grow 46,000 pounds of sweet potatoes and 10,000 pounds of cucumbers, which he donated to pantries and kitchens. In Irvine, California, an entire...

Former CEO of GM Jack Welch and wife Suzy, authors of “The Real-Life MBA: Your No-BS Guide to Winning the Game, Building a Team, and Growing Your Career”, talked to Brian on Kilmeade and Friends about why they wrote the book.---snip--- (AUDIO-AT-LINK)On the 2016 GOP Presidential candidates, Jack Welch told Brian that he is taking a very interesting and deep look into Senator Ted Cruz (R-TX) because he likes what he stands for, has guts, and does what he says....

Sanders blasts U.S Corporations for Dodging Taxes BURLINGTON, Vt., April 9 – Sen. Bernie Sanders (I-Vt.), the Senate Budget Committee ranking member, today issued the following statement on new data showing the extent to which some American companies are avoiding taxes: “I applaud Citizens for Tax Justice for releasing new data today revealing the unfairness of our tax system and the fact that a number of the biggest and most-well known corporations in America continue to pay little or nothing in taxes. At a time when we have massive wealth and income inequality, and when corporate profits are soaring, it...

I'm a little under the weather (which is not as chronic as being under the climate), but I wanted to add something to what I said the other day about thug operator Raúl Grijalva, Democrat Representative from Arizona and Ranking Member of the House UnEnvironmental Activities Committee. It is not a small thing when even a jumped-up twerp hack announces that the national legislature of the world's superpower is targeting seven private citizens for disagreeing with him. In this case Commissar Grijalva is clamping the electrodes to various climate scientists - Robert Balling, John Christy, Judith Curry, Steven Hayward, David...

WAAAAAAH!!! I don't like my Windows 8 so I think I'll dump it! Okay, no big deal. Most of us are not pleased with that operating system. However, Dylan Matthews of General Electric Vox displays the same glibness which, while perhaps appropriate to switching computer operating systems, is completely absurd when wanting to toss over 200 years of constitutional federalism overboard by deciding to abolish the U.S. Senate because he has decided it is "anti-democratic." Here is Dylan making the case that the Founding Fathers were in error:

Is it time yet to put the face of Obama's Jobs Adviser, Jeffrey Immelt, on milk cartons? Have you noticed that he is MIA? Could it be that Obama's own jobs adviser is out of sight because he really supports Mitt Romney?

The Department of Health and Human Services (HHS) is looking for vendors to run its "National Data Warehouse," a database for "capturing, aggregating, and analyzing information" related to beneficiary and customer experiences with Medicare and the federal Obamacare marketplaces. Although the database primarily consists of quality control metrics related to individuals' interactions with customer service, potential contractors are to "[d]emonstrate ... experience with scalability and security in protecting data and information with customer, person-sensitive information including Personal Health Information and Personally Identifiable information (personal health records, etc.)." Vendors are also instructed that one of the requirements of a possible future...

DECEMBER 6, 2014 BY JOHN HINDERAKER Did the Kennedy Administration Try to Drive Reagan Off the Air? Ronald Reagan apparently detested Bobby Kennedy, another sign of Reagan’s good judgment since Kennedy was an awful human being. But this is something I hadn’t heard before: Michael Reagan says that Bobby leaned on General Electric to get Reagan off television: [A] few months after [subpoenaing Reagan before a grand jury], Kennedy tried to get him fired from General Electric Theater. Or, at least, that’s what Reagan believed. “Dad told us he had just lost his job with GE,” Reed recalls Reagan son...

Electrolux AB has agreed to pay $3.3 billion to acquire General Electric Co.'s appliances business, a move that would put the Swedish group head-to-head with Whirlpool Corp. at the top of the U.S. market for white goods. The deal is the largest ever by Electrolux and comes amid consolidation among makers of stoves, dishwashers and washing machines. Whirlpool agreed to pay more than $1 billion this summer to acquire a majority stake in Italian company Indesit Co. , a purchase that would roughly double Whirlpool's business in Europe. Electrolux shares surged 5.1% in Stockholm on news of the deal.

Criticism will rain down Wednesday on the Export-Import Bank as members of an influential House panel debate whether it’s time to disband the agency. Fred Hochberg, the chairman of the embattled bank, will square off in testimony against House Financial Services Committee Chairman Jeb Hensarling (R-Texas), who is leading the charge to let the bank’s charter expire in September. Hensarling and other members are likely to press Hochberg about reports that the bank has suspended or removed four officials for taking kickbacks, a controversy that could strengthen the hand of Ex-Im’s foes. Business supporters swarmed Capitol Hill ahead of the...

em>"Probably for the next decade, the most dominate technology around the world will be coal..." -Jeff Immelt The fastest growing source of energy in the world last year was coal, and it is going to stay that way for a very long time. With that in mind, one has to wonder why President Obama has insisted on the gut-wrenching destruction of the coal industry that has costs thousands of jobs, and has sent electricity costs to all-time highs. This, combined with last month's report from the International Energy Agency, state that reaching the goal of carbon emission reduction would cost...

A natural gas pipeline stretching 435 miles across Mexico’s Yucatan Peninsula is just one piece of General Electric’s multibillion-dollar bid to shore up energy infrastructure in North America, where an oil and gas boom has drawn a wave of investments to new pipelines. GE’s energy investing arm has more than $3 billion tied up in 43,500 miles of pipeline, the largest U.S. liquefied natural gas export facility and other energy transportation and storage ventures. But it has started to shift its attention to early-stage ventures as U.S. and Canadian pipeline operators collect billions for new projects that link remote shale...

"Our confidence is justified both by our past experience and by the knowledge that society will forever need massive investments in both transportation and energy." -- Warren Buffett, 2013 letter to Berkshire Hathaway shareholders According to the company's most recent fact sheet, Berkshire Hathaway subsidiary BNSF Railways ships enough coal every year to power 10% of America's houses, and enough crude oil to fill the gas tanks of nearly 650,000 cars every day. Transporting energy is pretty important to BNSF, and BNSF is pretty important to Berkshire, having generated some $3.8 billion in net income in 2013. At the same...

In a speech in Wisconsin on Thursday, President Barack Obama insulted perhaps the most fervent members of his political base: art history majors. The politically clumsy moment occurred during the president’s remarks at General Electric’s Waukesha Gas Engines facility. After extolling his own economic policies at some length, Obama observed that “manufacturing jobs typically pay well” in the United States. “We want to encourage more of them,” he said. Then, he began to speak — apparently extemporaneously — about the benefits of working in America’s ever-diminishing manufacturing sector.

How a Candle Caused a Nuclear Emergency At noon on March 22, 1975, both Units 1 and 2 at the Brown's Ferry plant in Alabama were operating at full power, delivering 2200 megawatts of electricity to the Tennessee Valley Authority. Just below the plant's control room, two electricians were trying to seal air leaks in the cable spreading room, where the electrical cables that control the two reactors are separated and routed through different tunnels to the reactor buildings. They were using strips of spongy foam rubber to seal the leaks. They were also using candles to determine whether or...