Extra Extra : Campaign Finance

California speaker gave jobs to big donors

A Center for Investigative Reporting analysis of more than 38,000 contributions to California Assembly Democrats in the 2011-12 campaign shows a link between donations to Speaker John A. Pérez's targeted races and a lawmaker’s prospects for important legislative assignments.

Among CIR's findings is that mega-donors to Pérez’s targets – three lawmakers who gave more than $250,000 – obtained positions of power.

Obama's choice for Federal Housing Finance Agency head under fire

The Center for Public Integrity reports that "Rep. Mel Watt, the North Carolina Democrat whom President Barack Obama has appointed to oversee mortgage finance giants Fannie Mae and Freddie Mac has received more campaign money from financial interests than any other industry or special interest."

"Since he entered Congress in 1992, Watt has received $1.33 million in campaign contributions from the finance, real estate and insurance industries, according to the Center for Responsive Politics, a nonprofit research group that tracks money in politics."

Extra Extra Monday: Secrecy for sale, a drone deal sealed in blood, bad business loans and ad rates that don't add up

Secrecy for Sale: Inside the Global Offshore Money Maze | ICIJ
“A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over. The secret records obtained by the International Consortium of Investigative Journalists lay bare the names behind covert companies and private trusts in the British Virgin Islands, the Cook Islands and other offshore hideaways.”

A Secret Deal on Drones, Sealed in Blood | The New York Times
"The C.I.A.’s covert drone war in Pakistan began ...

Read more ...

U-T political ad rates don’t add up

"inewsource and KPBS audited ads in the U-T every day between Labor Day and Election Day 2012 and compared the list with campaign finance records. The results show varied payments for ads, indicating the U-T may have offered bargains to the anti-Filner campaign and to other candidates and issues the newspaper endorsed," according to the investigation.

U-T San Diego may have offered bargain ad deals to candidates they endorsed.

Tom Shephard, a political consultant for Bob Filner, a Democrat running for mayor of San Diego, noticed a lot of full page newspaper ads attacking his client; ads that he was quoted $8,000 for.

"Amita Sharma and Ryann Growchowski, with inewsource and KPBS, audited ads in the San Diego Union-Tribune every day between Labor Day and Election Day 2012 and compared the list with campaign finance records. The results show varied payments for ads, indicating the U-T may have offered bargains to the anti-Filner campaign and to other candidates and issues the newspaper endorsed."

Update: California's Fair Political ...

Read more ...

Extra Extra Monday: Medical bills, hyperengineered food and private prison cash

Time
Bitter Pill: Why medical bills are killing us
“Breaking these trillions down into real bills going to real patients cuts through the ideological debate over health care policy. By dissecting the bills that people like Sean Recchi face, we can see exactly how and why we are overspending, where the money is going and how to get it back. We just have to follow the money.”

New York Times Magazine
The Extraordinary Science of Addictive Junk Food
“Inside the hyperengineered, savagely marketed, addiction-creating battle for American ‘stomach share.’”

Columbia Journalism Review
Immigration reform and private prison cash

“Key lawmakers ...

Read more ...

Big donors win big contracts on San Diego school bonds

The Voice of San Diego and NBC 7 San Diego report that in 13 of 17 local school districts that have issued bonds since 2006, there is a significant correlation between the district's major donors and the companies that won work. More than 70 percent of companies that donated more than $5,000 to bond campaigns also won bond-funded contracts, according to the report. In collaboration, the reporters "looked at every school bond campaign in San Diego County since 2006, and focused on companies that donated more than $5,000 to campaigns. Then we approached each district to see ...

Read more ...