Recent Posts

Brian Frank – Chad Connelly’s Chosen Villain

As a result of a controversy created by Chad Connelly as he seeks to be re-elected as state party chairman at next week’s SCGOP convention, I decided to take a closer look at Connelly’s designated antagonist Brian Frank.

As we reported yesterday, Connelly viciously attacked Frank through e-mails last week and during the Cherokee County GOP meeting Monday night (captured on video).

The only apparent reason for these attacks is that Frank has been actively supporting Connelly’s opponent for the post of state party chairman, Sam Harms, primarily through the use of You Tube and Facebook.

During Connelly’s diatribes, he has inferred Frank is similar to the recent ‘Boston bombers’, accused him of “rant(ing) endlessly hateful stuff” and said Frank “has threatened me and my family.”

It is interesting to note that Frank attended the Cherokee County GOP meeting Monday night without speaking to Connelly. When Frank was prevented from taking video of Connelly’s speech, he chose to leave the meeting. It was only after Frank’s departure that Connelly, pointing to Frank’s empty chair, gave his 47 second rant against Frank, which was captured on video by another individual.

Continue Reading →

Reflections on Boston

I was one of the fortunate ones to be born in the City on a Hill, and have never forgotten that Boston was my birth city.

There might be over 900 miles between me and Boston currently, but there is no getting away from the city of your birth, especially when you still have family who reside there.

Especially, on a day like Monday, which was Patriots’ Day in Boston. The holiday commemorates the Battles of Lexington and Concord, the first battles of the American Revolutionary War.

And, unfortunately, it is a day that will forever be linked to tragedy and terrorism as someone thought it would be cute to set up bombs near the finish line of the Boston Marathon.

I tried the best I could Monday to ignore news coverage, but there was no getting past the words bomb and Boston, I had to look.

And, I began to cry.

Continue Reading →

Supreme Showdown Over State Pension Fund (Updated)

S.C. Treasurer Curtis Loftis and the S.C. Retirement System Investment Commission will have a showdown in court Tuesday April 16th over transparency of retirement funds.

The commission, of which Loftis is a voting member, is suing Loftis in his position as custodian of the trust fund. The S.C. Supreme Court has accepted original jurisdiction on the case and has agreed to expedite a decision.

The court is holding in abeyance a decision whether documents and exhibits associated with the case will be allowed under seal or whether they will be part of the public record of the case.

At issue is Loftis’ refusal to sign a $50 million check for an “alternative investment” of state pension funds managed by investment firm Warburg Pincus. Loftis said he would not sign the check until the attorney for the SCRSIC has officially notified him in writing that all fees and other charges associated with the proposed investment are those approved by vote of the commissioners.

Continue Reading →

Awendaw’s Missing Money Partie Deux

According to a source with significant knowledge of the town’s finances who spoke on conditions of anonymity, Nichols had done audits of four prior years, all at the same time, after the S.C. Municipal Association had gotten the town’s financial records in order. The town, reportedly, had not had audits performed on an annual basis since the 2002-03 time frame.

Mr. Nichols reported nine significant deficiencies with town records. The lack of documentation and the lack of internal controls led Nichols to issue an adverse opinion on the audit.

According to the source, 41 percent of the town’s transactions were not approved with 30 percent of the funds spent not approved, a sum of over $200,000, according to our source.

Continue Reading →
Governor Nikki Haley’s EthicsReforms – Style Trumps Substance

Haley’s Ethics – Style Trumps Substance

Gov. Nikki Haley’s run around the state this week promoting ethics reform was a perfect example of disingenuous political posturing.

Haley must be given credit for several things. She knows how to define the message and present herself in the best possible political light. After this week’s demonstration, one could almost think Haley supports real ethics reform.

Nothing could be further from the truth. She supposedly supports transparency in government while her administration continuously refuses to follow the guidelines of the state’s weak freedom of information act.

Continue Reading →
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 →
1 … 127 128 129 130 131 … 149