Begich Decries ‘Outsiders’ but Enjoys Support from Billionaire Dems

Pro-Begich super PAC funded by Bloomberg, Katzenberg, Podesta
U.S. Sen. Mark Begich (D., Alaska) / AP

A super PAC with ties to Senate Majority Leader Harry Reid (D., Nev.) and financed by liberal billionaires from New York and Washington, D.C., is dropping huge sums to help reelect a vulnerable Democratic senator who has decried out-of-state influence in the race.

White House: DreamWorks Event Unrelated to Political Support

DreamWorks CEO Jeffrey Katzenberg has contributed millions to support Obama
Jeffrey Katzenberg, President Obama / AP

White House spokesman Josh Earnest on Monday denied that DreamWorks CEO Jeffrey Katzenberg’s financial support for President Barack Obama had any bearing on Obama’s decision to hold an event at the company’s headquarters on Tuesday.

The Secret Masters

Column: Meet the liberal billionaires who rule your world
Billionaires Michael Bloomberg, Jeffrey Katzenberg, and Tom Steyer

The timing of a story by the campaign finance reporters of the New York Times, and its placement in the paper’s national edition, is fraught with meaning. Articles in which the totemic names “Koch” or “Adelson” appear have a habit of being published in the prime time of an election cycle, and share the uncanny ability to float, bubble-like, to the front-page. Stories that deal with the liberal moneymen who finance the Democratic Party and its affiliates, by contrast, tend to appear after the fact or when nobody is looking, and, like ballast, fall to the back of the A section, obscured by ads for Tiffany’s, Burberry, and Zegna. I wonder why.

3D Is the Worst and Audiences Are Rejecting It


Pacific Rim (which I give a mostly positive review here) is the latest in a string of big budget 3D flicks to hit screens this summer. At least in DC, critics are typically not given the chance to preview these films in 2D: It’s 3D or nothing. That was not the case for Pacific Rim: critics could choose between 2D and 3D. I literally can’t remember* the last time this happened (a critic friend suggested Green Lantern or possibly even Avatar).

Needless to say, I found this development intriguing. Perhaps studios are growing to understand that they are needlessly antagonizing critics (and, far more importantly, audiences) by trying to cram 3D down our throats. And what do I see today?

The Caste

Column: Meet the men and women who really run the world
2012 Fortune Global Forum / AP

When President Obama greets Chinese leader Xi Jinping at the Sunnylands estate in California today, another, arguably more important meeting will be taking place across the Pacific Ocean, in the central Chinese city of Chengdu. The Fortune Global Forum, an invitation-only conference of Fortune 500 CEOs, Chinese elites, and fashionable journalists, began on June 6 at the Shangri-La luxury hotel along the Jin River. The forum concludes on June 8. If there is an event that better explains the feeling of estrangement and frustration and cynicism ordinary Americans feel toward the men and women who govern and manage them, I can’t think of it.

Katzenberg Finds Chinese Partner


DreamWorks Animation chief executive officer Jeffrey Katzenberg, President Barack Obama’s biggest supporter, confirmed at the Fortune Global Forum in Chengdu, China, that DreamWorks is partnering with Wanda Group, the largest owner of movie theaters in China.