The midterm elections are still 2½ weeks away, but one set of 2010 winners can now be declared: monied interests that want to shape the government to their liking. If you’ve paid attention to the political back-and-forth of the past week, you know that the Obama White House and the Democratic National Committee have been [...]
A group of activist ministers in Ohio has asked the Internal Revenue Service to investigate the tax status of an outfit that sponsors the National Prayer Breakfast, saying that it took money six years ago from an alleged Islamic terrorist financier. ClergyVoice said in a letter to the IRS that the Fellowship Foundation violated its [...]
Emerging economies should consider steps to contain fund flows that could cause currency rallies and asset bubbles, the World Bank chief was quoted as saying, but the International Monetary Fund called such actions “undesirable,” Reuters reports. The contrasting views over capital controls come amid rising tension between emerging and developed economies over exchange rates, which [...]
Nancy Pelosi is hitting the road to raise money for the Democratic Party and for individual candidates in an eight-state swing between now and the November election. Pelosi’s office said the House speaker will attend fundraisers for the Democratic Congressional Campaign Committee in New York and Los Angeles, The New York Times reported. Later this [...]
Secretary of Health and Human Services Kathleen Sebelius said the flow of “anonymous” funds in political campaigns this year is “dangerous” because it makes it difficult for voters to know whose money is supporting which candidates. Sebelius spoke to reporters Thursday morning at a breakfast hosted by The Christian Science Monitor. “I really think the [...]
Bigger actually may be better — at least when it comes to hedge funds. Bridgewater Associates, already the biggest United States-based hedge fund, pulled in more new money in the first half of 2010 than any of its rivals, the industry magazine AR said in its annual Billion Dollar Club survey of American hedge funds [...]
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