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Fund Raising

NEWS
September 9, 2011 | By Tom Hamburger
Mississippi Gov. Haley Barbour, perhaps the most prodigious fund-raiser the GOP has ever seen, will be joining forces with politically powerful Crossroads groups, the independent campaign organization that helped tilt several congressional races to the GOP in 2010. In announcing his arrival, the organization also disclosed its plans to double its previously announced fund-raising goal for 2010, meaning it hopes to raise over $200 million. The news is yet another sign that independent political groups that can raise unlimited sums from corporate, individual and union donors will play a bigger role than ever in the upcoming election, possibly overshadowing traditional campaign and party organizations in some races.
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NEWS
August 31, 2011 | By Maeve Reston and James Oliphant
While Congress likely will be grappling with his jobs package, President Obama plans to make a western swing late next month, one that will include fund-raisers in Hollywood and La Jolla. The fund-raisers will be held Sept. 26 and will come as part of a three-day trip that is scheduled to bring Obama to Seattle the day before and Denver on the 27th. According to the Hollywood Reporter, Obama will court entertainment industry insiders at events at the House of Blues on Sunset Boulevard and then later at the Fig & Olive restaurant on Melrose Place.
BUSINESS
July 21, 2011 | By Joe Flint, Los Angeles Times
Looking to build some good will with British lawmakers, News Corp. said it would no longer pay legal bills for Glenn Mulcaire, the private investigator convicted in 2007 of hacking into phones for the media giant's now closed News of the World tabloid. In a statement, News Corp.'s Management and Standards Committee, the media company's in-house watchdog, said it had decided to "terminate any arrangement to pay the legal fees of Glenn Mulcaire with immediate effect. " That News Corp.
NEWS
July 15, 2011 | By Matea Gold
The long-shot nature of Rick Santorum's presidential bid was underscored Friday when the former U.S. senator from Pennsylvania revealed his fund-raising haul from the last quarter: a paltry $582,000. Santorum spent $353,000, leaving him with just $229,000 on hand, according to documents his campaign filed with the Federal Election Commission . Just under a quarter of the donations he received were in increments less than $200. Not surprisingly, the largest share of his money -- $161,000 -- came from Pennsylvania.
NEWS
May 25, 2011 | By Peter Nicholas, Washington Bureau
President Obama's Jewish fund-raising network is trying to calm uneasy donors who fear that his blueprint for Middle East peace would jeopardize Israel’s security.  Although Obama's core fund-raising volunteers aren’t panicking, they say his outline for a peace deal has created unexpected obstacles that make it more difficult to meet short-term fund-raising targets. Obama laid out his vision of a Middle East peace accord in two addresses over the last week: a major speech Thursday and then a kind of do-over before the powerful pro-Israel lobby AIPAC on Sunday.
CALIFORNIA | LOCAL
April 12, 2011 | Maria L. La Ganga and Gale Holland
Steven Perez, 16 and smiling, was every inch the Dodgers fan. Dodgers gear. Dodger blue threaded through the bands of his braces. The Oakdale High School student didn't think twice about sporting his team's colors. He was, after all, at AT&T Park, home of the San Francisco Giants. On Monday night, however, he was in a distinct minority. The boys from Chavez Ravine -- the Giants' rivals for more than 100 years -- were in town for the first time since San Francisco season-ticket-holder Bryan Stow was savagely beaten at Dodger Stadium on opening day, and the festivities were tinged with tension.
NEWS
March 8, 2011 | By James Oliphant, Washington Bureau
NPR is distancing itself from remarks made by a fund-raising executive who said the American "tea party" movement is a comprised of "white, middle-America gun-toting" and "seriously racist, racist" people. The comments, apparently made by Ron Schiller, NPR's exiting vice president for development, were recorded in a "sting" set up by conservative activist James O'Keefe, best known for mounting a similar prank on ACORN. They came as part of a recent lunch in Washington Schiller had with two men posing as members of the "Muslim Action Education Center," a fictitious organization the men claimed had ties to the "Muslim Brotherhood of America.
BUSINESS
December 1, 2010 | By Tom Petruno, Los Angeles Times
Los Angeles-based mutual fund giant American Funds took 80 years to create just 30 fund portfolios. Now it's launching three funds in the span of three months. The sudden burst of activity has raised eyebrows in the investment business because it comes as American Funds continues to suffer cash outflows from its bread-and-butter stock funds, which for decades had been among the industry's most popular with small investors. With the public largely turning its back on U.S. stocks since 2008, American's new funds will offer investors more of what they've wanted for the last two years: bonds.
NATIONAL
November 30, 2010 | By David G. Savage, Tribune Washington Bureau
The Supreme Court announced Monday it will hear a challenge to Arizona's public funding of state campaigns, setting the stage for a ruling that could doom efforts to limit the impact of private money in elections. The court's decision next year will be the latest in a series of campaign-funding law rulings, in which the conservative majority has struck down both state and federal laws while saying that that free speech calls for free spending in politics. In January the justices struck down the 63-year-old federal law that barred businesses and unions from funding election ads. Good-government reformers have held out the hope that taxpayer funding of campaigns could keep candidates focused on the interests of ordinary voters, rather than on the special interests of their big donors.
CALIFORNIA | LOCAL
October 16, 2010 | Maeve Reston
Heading into the final stretch of the campaign, Democratic Sen. Barbara Boxer continued to dominate fundraising in her race for reelection, maintaining a more than a 3-1 cash advantage over Republican Carly Fiorina at the end of the third quarter. But the two rivals raised money at a virtually even clip between July and September, at a time when the national party and outside groups began chipping in millions of dollars to help Fiorina cut into Boxer's cash advantage. Boxer has held the upper hand over the wealthy former Hewlett-Packard chief executive since the end of last year, storming into the general election phase of the campaign with nearly $10 million at her disposal after Fiorina nearly drained her campaign treasury in a bruising three-way primary.
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