”UNLESS YOU CAN AFFORD TO PARTAKE IN OUR CUSTOMS AND CONVENTIONS, YOU ARE NOT WELCOME HERE.“ Damien Shannon describes this as the operative “policy” of Oxford University in England. He was rejected for admission because he could not raise 12,000 pounds a year in personal income available to support the “customs and conventions” which [...]
The frenetic pace in which big money is pouring into this year’s presidential and congressional campaigns is steadily increasing with less than two months until Election Day after already setting new records. Both sides are relying on a limited number of wealthy donors like never before to bankroll a torrent of advertising backing Barack Obama [...]
“EVEN THEIR YACHT DIDN’T WANT TO PAY TAXES.” As part of its “shadow convention” project to show what vital issues are being avoided at the Republican and Democratic national conventions, Huffington Post runs a piece describing wherein lies the real policitical “action” around the GOP event in Tampa. While Romney intones the usual “morning [...]
The 2012 election will be the most expensive in history thanks to fewer regulations on political fundraising, and the national party conventions that kick off this week with the Republicans gathering in Tampa are similarly being transformed by the avalanche of big money and corporate largess. The Republican National Convention in Florida and next week’s [...]
In the avalanche of money being raised and spent on the 2012 election campaign, from local elections to congressional races to the battle for the White House, the most significant players have turned out to be groups with the innocuous title of “social welfare” organizations that use every tax and campaign finance loophole on the [...]
“IT SHOWS HOW MUCH DESIRE THERE IS FOR SECRECY AMONG HUGE DONORS WHO WANT TO BE ABLE TO SPEND MONEY TO INFLUENCE THIS ELECTION WITHOUT LEAVING ANY FINGERPRINTS.” So-called “social welfare” nonprofits groups are spending more money to influence the 2012 election than the super-PACs loosely connected to the actual campaigns, a new report [...]
The 2012 election is almost guaranteed to be historic in terms of money raised and spent on behalf of the two major-party candidates. But a record amount of the presidential campaign cash meant to court voters and used by special interests to gain influence is secret or unlimited, and nearly all of it is delivered [...]
The supposedly “cheap” energy produced from American coal has come with a price no one imagined would still be plaguing mining regions; decades after federal regulations were supposed to eradicate it, the gruesome and deadly black lung disease is spreading across Appalachia. Officially known as coal workers’ pneumoconiosis, the affliction is killing thousands of miners, mostly [...]
` THE END OF EURO AUSTERITY: NEW FRENCH GOVERNMENT ORDERS UP HIGHER TAXES ON THE RICH AND POWERFUL (Business Week) ` The program of mass fiscal austerity imposed by Germany and Eurozone financial leaders on European nations struggling through the continent’s crippling debt crisis and recession appears to be dead, with policy changes from the new French government taking aim at the core [...]
At a pace much faster than anyone could have projected, the landscape of campaign finance in American politics has undergone a dramatic transformation to a point where deregulated outside groups hold a distinct advantage over individual campaign war chests. The monumental presidential contest of 2012 appears to be the dawn of the super-PAC age in [...]
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