Free Republic

"The tombstone for General Motors really should have read 1908-2008." "That’s because December 2008 is when the bell finally tolled for GM – when the marketplace determined that a combination of poor management decisions, union pressures and a slumping economy had made the automotive giant’s continued existence mathematically impossible."

Libertarian group uses nonprofit status to avoid revealing source of $1.5 million spent to preserve state's term limits -- SACRAMENTO -- Just a few days after Insurance Commissioner Steve Poizner's widely heralded takeover of the No on Proposition 93 campaign, a Virginia-based nonprofit organization quietly chipped in $1.5 million to the cause. The group, U.S. Term Limits, spends considerable effort and money across the country trying to fend off attempts to weaken term limits laws, such as Prop. 93 -- which will appear on the February ballot -- in California. And the group tries to do so while steering clear...

A network of tax-exempt advocacy groups -- all with ties to a New York real estate investor -- is funneling millions of dollars to the campaign for a California property rights measure in a way that cloaks the identity and number of financial supporters. The intricate financial web is the source of nearly all the money used to promote Proposition 90, an initiative on the November ballot aimed in part at curbing the power of government to seize private property. The financing network has spent more than $14.6 million around the country since late last year on 20 initiative drives,...