NY Congressman Michael Grimm Arrested by FBI

Apr 28, 2014, 12:30 pm EST

On Monday, Michael Grimm, a Republican congressman from New York, surrendered to FBI agents as federal prosecutors unsealed a 20-count indictment against him. Source: Wikipedia

Michael Grimm, who represents New York’s Staten Island and part of Brooklyn, is expected to be arraigned later in the day on conspiracy, obstruction, mail fraud and perjury charges at a federal court in Brooklyn. Prosecutors accuse Michael Grimm of hiding more than $1 million in gross receipts at his Healthalicious restaurant from federal and state taxes, USA TODAY notes.

A former FBI agent, Michael Grimm was denounced by George Venizelos, the FBI’s New York field office assistant director, who said, “He cheated, evaded and then lied.” Read 

U.S. Postal Workers Protest Staples-Post Office Partnership

Apr 25, 2014, 9:46 am EST

U.S. postal workers protested at 50 Staples (SPLS) locations over a partnership between the United States Postal Service (USPS) and the retailer.

The partnership between the USPS and Staples has post office stores opening inside around 80 of the retail chain’s locations. The program lets people buy stamps, send packages and use Priority and certified mail all from inside a Staples store. Hundreds of postal workers turned out to protest these new locations, reports Salt Lake Tribune.

The issue that postal workers have with the Staples and USPS partnership is that the in-store post offices aren’t manned by postal employees. Instead, the deal has Staples employees manning the counters. Postal unions claim that this is the first step to taking away jobs from trained postal employees and privatizing mail, Salt Lake Tribune notes. Read 

Say What? IRS Gives Bonuses to Disciplined Employees

Apr 23, 2014, 12:03 pm EST

The Internal Revenue Service (IRS) gave $1.1 million in bonuses to employees with back taxes.

According to an inspector general’s report, the IRS gave out the $1.1 million in bonuses in a two-year period to over 1,100 employees that owed back taxes. These same employees also received pay increases at a faster rate than what is normal and 10,000 hours of additional time off, reports The Los Angeles Times.

The 1,100 employees that owed back taxes were part of a group of 2,800 IRS employees that were disciplined and then received bonuses not even a year later. The inspector general that filed the report has advised the IRS to make a policy change that would affect how bonuses are handed out to employees that have back taxes, L.A. Times notes. Read 

Obamacare Enrollment Hits 8 Million

Apr 18, 2014, 9:57 am EST

With Obamacare enrollment now at 8 million, President Barack Obama said the partisan debate over the controversial healthcare law should finally come to a close.

The Obama administration’s original target for health coverage on the government-run exchanges was 7 million enrollees — for the first year of the mandate for individuals to carry insurance.

The Affordable Care Act — dubbed Obamacare by the GOP — has produced the largest increase in healthcare coverage that the United States has seen since Medicare and Medicaid were rolled out. Read 

The Mozilla Controversy: Should CEOs Get Political?

Apr 18, 2014, 9:55 am EST

If you blinked, you probably missed the tenure of Mozilla CEO Brendan Eich, who took the helm of the software group March 24, then resigned less than two weeks later. The quick ouster was prompted by protests from several company staffers, as well as dating site OKCupid, over the fact that Eich had made a $1,000 donation to support California’s Proposition 8 a few years ago.

For those who don’t remember, Prop 8 was the state’s controversial ballot initiative to banned same-sex marriage.

However, rather than get into the topic of gay marriage, I’m actually more interested in what this case and others say about the politics of senior management of various companies, public and private. Read 

Bloomberg Plans to Spend $50M to Gun Control Group to Fight NRA

Apr 16, 2014, 5:00 pm EST

Former New York Mayor Michael Bloomberg is looking to spend a hefty sum to fight the National Rifle Association (NRA). Source: mailto:letters@investorplace.com

He is looking to spend $50 million and build a grassroots network in an attempt to pass stricter gun control laws. Mayor Bloomberg wants to create an expanded and more thorough background check system for gun buyers on a state and national level.

He will absorb the funds of the group which will be called Everytown for Gun Safety. The group is an umbrella group of Mayors Against Illegal Guns and Moms Demand Action for Gun Sense in America. Read 

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