Bloomberg: Lawyers Raking In Cash As Campaign Spending Hits Records Every four years, a new mix of politicians assembles to compete for the opportunity to run for president. While the candidates’ names and faces change, the lawyers stay the same. Mother Jones: Meet the Front Group Leading the Fight Against Taxing the Rich Often cited
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Associated Press: Democratic Convention Benefits From Corporate Cash Bank of America, Wells Fargo and Duke Energy have all sent checks to New American City Inc., a non-profit entity being run by top officials on the convention host committee. Corporate money is bankrolling operations in direct support of the convention, including paying the salaries of the
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Politico: DISCLOSE Act fails again in Senate Senate Democrats on Monday lost another attempt to pass legislation forcing donors of groups that bankroll most election ads to be revealed. But Democrats, led by New York Sen. Charles Schumer, pledged to hold the Senate floor hostage and continue the debate well into the night. The DISCLOSE Act,
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United Republic, which sponsors Republic Report, has partnered up with Link TV to send one citizen reporter to the 2012 Republican and Democratic national conventions in Tampa and Charlotte on August 29 and September 3. The chosen citizen reporter will be a volunteer who will report on the conventions through the lens of money in
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iWatch: Vote set for quixotic bill that would reveal attack ad funders A bill designed to reveal the donors behind anonymously funded political attack ads is scheduled to hit the floor of the Senate Monday — however, the legislation has virtually no chance of passing, and even if it did pass, it still wouldn’t go
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Bloomberg BusinessWeek: Campaign Fundraisers: You’re Cordially Excluded There are many aspects of our money-soaked political culture to worry about. One that we seem to be getting awfully comfortable with is the off-the-record fundraiser, which consumes an increasing amount of presidential candidates’ time and energy. Raising money under a cloak of silence suggests that candidates have one
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Washington Post: Money gap may not matter so much in November Obama probably will be similarly outspent in the end, but given the near-parity in bank accounts on both sides, it won’t make much difference. “Nobody’s going to win or lose this election on the basis of not having enough money,” said Bob Biersack, a
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New York Times:  The Spreading Scourge of Corporate Corruption The misconduct of the financial industry no longer surprises most Americans. Only about one in five has much trust in banks, according to Gallup polls, about half the level in 2007. And it’s not just banks that are frowned upon. Trust in big business overall is declining.
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