While much of the buzz around Facebook has been geographically centered on Wall Street, perhaps just as lucrative for the company are the ties it’s creating in Washington. The social media giant has upped its lobbying game, spending a record amount on federal lobbying in the first quarter of 2012. But everyone knows that the
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Here’s a great catch from the Environmental Law & Policy Center in Chicago. A coal group posted a Craigslist ad offering people $50 to wear pro-coal t-shirts at an upcoming EPA meeting in Illinois. The posting has been deleted, but here’s a screenshot: A local Sierra Club blog took pictures of people wearing the shirt
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Politico’s Ben White yesterday reported that a lobby group for the private equity industry is unleashing an effort this week to “push back” against criticism of Mitt Romney’s record at the private equity firm he founded, Bain Capital: FIRST LOOK: PRIVATE EQUITY FIGHTS BACK – The Private Equity Growth Capital Council is releasing a new
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Standing before soldiers at Fort Stewart, Georgia, last month, President Obama signed an executive order to protect U.S. troops, veterans, and their families from predatory abuses by some for-profit colleges. Obama delivered powerful remarks, charging that such for-profit schools “aren’t interested in helping you…. They are interested in getting the money.” He called the schools’ conduct “disgraceful” and
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Mitt Romney has just released his plan for educating America’s young people, and it’s wholly consistent with his overall philosophy: Allow money to dominate politics, and everything will work out great. Except that, when it comes to policies on college education, we tried that approach under George W. Bush, and it was a disaster for
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Brian Moran, the chairman of the Virginia Democratic Party, has been taking heat over the fact that he also serves as a lobbyist for the Association of Private Sector Colleges and Universities (APSCU), a trade group representing for-profit colleges. APSCU is engaged in an ongoing battle against President Obama’s efforts to hold its member schools accountable
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Late last year, the Montana high court, citing the state’s long history of corporate money corrupting politics, defied the U.S. Supreme Court’s Citizens United decision and continued enforcing the state’s 100-year old law banning corporate involvement in state elections. The Supreme Court has blocked the Montana court’s decision pending on its own determination as to
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The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing for two hearings with regulators, and Senator Tim Johnson (D-SD), chair of the committee, is hoping that Jamie Dimon will testify in the near
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