Liberal Super PACs spent twice as much as conservative Super PACs in federal races in 2013, according to a Center for Responsive Politics tally of independent spending.
Billionaire environmentalist and vulture capitalist Tom Steyer spent nearly as much money on elections in Virginia last week as the Republican Party’s gubernatorial campaign arm.
Politico has named 2013 the “year of the liberal billionaire,” with wealthy left-leaning billionaires spending well over $25 million pushing progressive candidates and causes.
Liberal billionaire George Soros has joined the finance council of Ready for Hillary, the Super PAC rallying support for a potential presidential bid by Hillary Clinton, the Washington Post reports.
Looking for a distraction from the government shutdown and debt ceiling debate? I urge you to read Vanity Fair’s latest advertisement for “The New Establishment,” a list of “50 Titans Disrupting Media, Technology, and Culture,” the century-old magazine’s annual mash-note to the rich and powerful and self-satisfied. These disrupters innovate technologies, set the trends, define the limits of acceptable conversation in culture and politics and society, and pour money into the network of liberal foundations and Democratic campaigns around which our world is increasingly organized. They are the winners in the cognitive lottery that is the New Economy, the men and women creating and shaping, by accident and by design, the “New Feudalism” described so well by Joel Kotkin in The Daily Beast. It’s good to know their names.
The Orange County District Attorney’s Office this week raided the offices of a major financier to President Barack Obama’s reelection campaign as part of an unknown investigation, according to TPM.
Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven years from decision-making roles at Fidelity & Guaranty Life Insurance, a unit of his firm, New York officials said on Monday.
DreamWorks Animation CEO Jeffrey Katzenberg raised $1 million for Kentucky’s Democratic Senate candidate Alison Lundergan Grimes, according to the Hollywood Reporter.
Two-thirds of the 62 groups that donated to President Barack Obama’s inauguration and were required to disclose those donations failed to do so, according to a new report.
Democratic Congressional candidate Sean Eldridge will fundraise Wednesday night at the home of a Goldman Sachs executive.