Recent Posts

SCGOP Must Sacrifice Leadership to Preserve the Party

Sacrifice Leadership, Preserve the Party

This election cycle has not been a simple one. Many disqualified candidates and several unsuccessful appearances in court by party attorneys have made headlines.

However, in his most outrageous action yet, state GOP Chairman Chad Connelly recently took it upon himself to disqualify Ed Harris as the party nominee for S.C. House District 3, even though Harris is fully qualified.

Harris was certified to be on the ballot, won the primary election and withstood a challenge to certification as the Republican nominee. Yet, faced with the threat of a lawsuit and another hearing before the Supreme Court, Connelly folded like a cheap suit and disqualified Harris at the 11th hour.

Continue Reading →
Demand S.C. Public Pension Fund Audit

Demand S.C. Public Pension Fund Audit

A complete audit of the S.C. Retirement System Investment Commission and its internal policies should be undertaken by an outside firm as a result of last week’s discussion before the state Budget and Control Board. This discussion came only days after commission chairman Reynolds Williams became the focus of investigations by both SLED and the S.C. Ethics Commission.

The commission is responsible for making the investment decisions for the state’s $25 billion public retirement investment fund. In addition to tracking the funds themselves, an audit of risk assessment, due diligence, evacuation and cross trades, among other things, should be looked at by outside professionals.

Continue Reading →
MBIA

Is Myrtle Beach Tourism Tax Working?

Local television stations carry daily ads telling us the Myrtle Beach tourism tax is ‘working.’ The ads are run by the Myrtle Beach Area Chamber of Commerce and its associated entities in the hospitality and business community.

Beneficiary of approximately $18 million per year from revenue generated by the tax, the Chamber has good reason to advertise the tourism tax is working. Its marketing arm, the Myrtle Beach Area Convention and Visitors Bureau receives the proceeds from the tax to spend in ‘out-of-area’ advertising to promote tourism to the Grand Strand.

But, going beyond the advertising message (dare we call it propaganda?) one has to ask how is the tax working.

Continue Reading →
Gary Sinise, A Really Good Guy

The Bob Hope Of Our Time

Gary Sinise, A Really Good Guy!

With the exceptions of Bob Hope and Martha Raye, there may be no other American entertainer who has served our armed forces more. That person is Gary Sinise, actor, director, producer writer, musician, a bit of a down home, foot-shuffling, aw-shucks guy from the Midwest who has probably spent as much time in war zones as many members of our over-worked military, and certainly more than any Member of Congress. Sinise is one of those rare humans who is easy to sum up in quick terms: a really good guy. Or if you wish to add accolades as I’m sure many in the military would: a really damned good guy, among many other unpublishable terms of praise.

Continue Reading →
"Public pensions must be more transparent, accountable." Curtis M. Loftis Jr.

Better Oversight, More Transparency Required

“The treasurer has a legitimate concern. He has the right, if he is putting his signature on there, to have staff to give him confidence that what he is doing is right for the people of the state.” Governor Nikki Haley

Better oversight and more transparency of investment decisions for the state’s $25 billion pension fund may result from a vote taken by the S.C. Budget and Control Board Thursday.

The board, chaired by Gov. Nikki Haley and including Treasurer Curtis Loftis, Comptroller General Richard Eckstrom, Senate Finance Committee Chairman Hugh Leatherman and House Ways and Means Committee Chairman Brian White as members, unanimously (5-0) approved a motion by Loftis to “hire a counsel to determine the fiduciary and statutory responsibilities of all trustees, custodians and commission members” with regard to investment decisions and contracts of the pension fund.

Continue Reading →
Mark Keel, SLED Raid Internet Cafe's

SLED Raids Internet Sweepstakes Cafes

Two internet sweepstakes cafes, one in Richland County and one in Lexington County, were raided and shut down yesterday for illegal gambling by a combination of SLED agents and sheriff’s deputies.

End of problem right? Business owners trying to get around the state ban on gambling, except of course for the lottery, are now out of business.

Not really. Despite yesterday’s raids, an earlier opinion from Attorney General Alan Wilson that sweepstakes cafes are illegal gambling and confident statements by SLED chief Mark Keel that the games are illegal, they are NOT gambling.

In point of fact they are worse, but we’ll get to that later.

Continue Reading →
The Investigation of Reynolds Williams and the $25 Billion S.C. Public Pension Fund Moves Forward

Williams Investigation Moves Forward

An investigation of alleged misconduct and conflict of interest against S.C. Retirement System Investment Commission chairman Reynolds Williams moved forward Tuesday when the S.C. Attorney General’s office requested SLED and the S.C. Ethics Commission to investigate the charges.

A Statement from AG Wilson’s Office: Based upon the nature of the allegations in the Treasurer’s letter, we are today forwarding the material we have on file to both SLED and the State Ethics Commission. (The Treasurer’s letter alleges activity that would fall under each authority, criminal and ethical.) When both entities have completed their reviews, we will then determine what, if any, prosecutorial action is warranted.

Enumerated in a letter from S.C. Treasurer Curtis Loftis to Attorney General Alan Wilson, the allegations stem from work Williams’ law firm did for American Timberlands, LLC while the company was being considered as a partner on an investment by the SCRSIC.

Continue Reading →
Reynolds Williams, The Timber Company And Our $25 Billion Pension Fund

Reynolds Williams and… that timber company

S.C. Treasurer Curtis Loftis has requested S.C. Attorney General Alan Wilson to investigate the actions of S.C. Retirement System Investment Commission chairman Reynolds Williams with respect to a joint investment the commission made with American Timberlands, LLC.

Loftis said the investment seemed straightforward at the time, but information he became privy to after the commission vote brings to light possible conflict of interest problems for Williams and possible criminal violations.

The investment commission took up the matter of the investment during its November 2011 Wampee Reteat and business meeting. Commission members, less Williams who was not present for the vote, approved the investment.

Continue Reading →
Nikki Haley and The State, Simpatico in Every Respect

Nikki Haley and The State, Simpatico…

It is obvious that Gov. Nikki Haley has a direct, sympathetic line into the editorial rooms of the mainstream media.

Please read, Will lightning rod Knotts retire soon?, Haley relishes role of ‘kingmaker’ and or Haley dodges political jabs, lands on feet (See links below).

Sunday we heard that Haley’s hopes of being Mitt Romney’s vice presidential nominee are stronger than ever after she was cleared of ethics charges by a two day investigation.

Let’s be clear, Haley was not ever tried for ethics charges against her. The “two day investigation” was nothing but a staged, friendly hearing before a House Ethics Committee pre-destined to dismiss the charges.

No witnesses were called to make a case against her. How can you have an investigation when the only witnesses called were those that would exonerate her?

Continue Reading →
Kathleen Parker: Words vs. Deeds

Kathleen Parker: Words vs. Deeds

South Carolina politics never fail to bemuse. A recent ethics imbroglio between Republican Gov. Nikki Haley and GOP activist John Rainey is a case in point.

The squabble would be of passing interest if Haley weren’t a rising star often mentioned on lists of potential vice presidential candidates. And had she not called Rainey, a nationally recognized philanthropist and community bridge-builder, a “racist, sexist bigot.” Such charges deserve clarification and context.

Haley made the remarks during a state House Ethics Committee hearing that was prompted by a complaint Rainey filed alleging that Haley had lobbied illegally while she was a legislator. (Haley has been cleared of any wrongdoing .) Her invectives toward Rainey, though perhaps understandable given an exchange between them (about which more anon), are contradicted by his record. Rainey is anything but racist, sexist or bigoted.

Continue Reading →
1 … 49 50 51 52 53 … 69