Study: Hedge Funds Taking Over Pension Fund Investments, Increasing Risk

By: Wednesday June 4, 2014 9:47 am

Recently Pando Daily broke a story about Governor Christie’s Administration violating pay to play laws by rewarding political donors with New Jersey Pension Fund contracts. The gist being that after General Catalyst employee Charles Baker donated money to the NJ GOP, General Catalyst received roughly $15 million to invest on behalf of retirees. While the [...]

Report: Chris Christie May Have Violated Pay To Play Laws

By: Friday May 9, 2014 7:58 am

A report that broke early today at Pando Daily lays out a case that New Jersey Governor Chris Christie violated state and federal laws for giving benefits in exchange for campaign contributions or pay to play. According to the story Charles Baker, as an executive and partner at General Catalyst Partners, made a “$10,000¬†contribution to [...]

Google Buying More Influence In Washington

By: Monday April 14, 2014 6:04 am

So much for don’t be evil. According to a report in the Washington Post¬† Google has become a powerhouse in the game of corporate influence peddling. From lobbying to contributions to funding think tanks Google has been cynically buying influence to influence regulators in the federal government even to the point of organizing Google friendly [...]

Comcast PAC Gave Money To Senators Looking At Time Warner Merger

By: Friday April 11, 2014 12:01 pm

Though recent Supreme Court decisions have many focused on new avenues for money to influence American politics it is worth keeping in mind that the old avenues are pretty expansive. There is perhaps no clearer recent example of legalized bribery than the report today by Ars Technica that Comcast’s PAC gave money to every senator [...]

Supreme Court Strikes Down Yet Another Campaign Contribution Regulation On 1%

By: Wednesday April 2, 2014 10:24 am

There has always been a debate in America as to whether the country is, in truth, a republic with a substantive democracy or an oligarchy with an essentially procedural democracy where real outcomes are determined outside the formal electoral process – today the Supreme Court did its best to ensure the latter striking down yet [...]

China Corruption Reporting Becoming Impossible; JPMorgan Banker In China Resigns Amidst Probe

By: Tuesday March 25, 2014 11:18 am

As the world watches Ukraine, the US establishment press pumps out pieces on the horrors of contemporary Russia. Meanwhile, the perilous situation for press freedom in China degenerates further. Unlike Russia, China has gone head first into neoliberalism making partnerships with many prominent Wall Street firms like JPMorgan, which apparently has dissipated the more venomous [...]

Shadow Lobbying System Exposed

By: Friday February 21, 2014 5:45 am

Corruption is nothing if not resilient. Though official lobbying has faced some token regulation it has been revealed in a must read piece by Lee Fang that there now exists an entire shadow lobbying system that dwarfs the official one. Lobbyists are deregistering but not really stopping their lobbying work. While the number of official [...]

Public Interest Group Sues Justice Department Over JPMorgan Settlement

By: Monday February 10, 2014 11:09 am

As a high ranking JPMorgan official is being forced to step down from a CFTC advisory board it is being reported that Better Markets, a public interest group, is suing the Justice Department over its pathetic settlement with JPMorgan for fraud in the mortgage securities market. The DOJ settlement gives JPMorgan “blanket civil immunity”, a [...]

Rudy Guiliani’s Advocacy Of Governor Christie Comes With Price Tag

By: Monday February 10, 2014 8:35 am

While most Republicans have kept their distance from Governor Chris Christie the former Mayor of New York City, Rudy Guiliani, has been willing to go on TV and other media outlets to push back against growing allegations of misconduct. Though his defense has not always been perfect, it has been consistent leading many to wonder [...]

China’s Communist Elite Caught Using Offshore Bank Accounts

By: Wednesday January 22, 2014 10:21 am

Many have postulated a theory of convergence regarding Communist China and the United States, that the countries will become more like each other than different. That the interconnectedness of their economies will transform both countries into mirror images. Obviously it is hard to measure some of these phenomena but two things are clearly alike now [...]

Sheldon Adelson To Use Campaign Contributions To Go After Online Competitors

By: Monday November 18, 2013 5:59 am

Casino baron Sheldon Adelson, a walking indictment of the Citizens United ruling, has decided to use his billions to influence government officials to crackdown on internet gambling. Adelson had previously come to the public’s attention by spending hundreds of millions of dollars against President Obama in 2012 using, among other things, Super PACs. The new [...]

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