NEWS
December 5, 2012 | By James Rainey
From its formation in 2004, it always seemed more than a bit incongruous that the tea party political group FreedomWorks chose as its chairman one of the erstwhile top power players from the halls of Congress. Nothing Dick Armey did in eight years changed that perception, including the way he exited Washington-based FreedomWorks -- with an $8-million payout, according to the Associated Press, the kind of platinum parachute available only to the canniest and coziest of the capital's inside players.
OPINION
October 20, 2012
Re "Prop. 32's real purpose," Column, Oct. 18 George Skelton calls Proposition 32, which would prohibit unions from making payroll deductions to raise money for political spending, a "self-serving sham. " So should we continue to allow teachers unions to force their members to donate to their leaders' favorite political causes? Why must my wife, a first-grade teacher, contribute to political causes she doesn't like? How would Skelton feel if The Times effectively forced him to support Mitt Romney via a paycheck deduction?
CALIFORNIA | LOCAL
September 29, 2012 | By Michael J. Mishak, Los Angeles Times
SACRAMENTO - California voters appear poised to reject a November ballot measure that would ban political contributions by payroll deduction, according to a new USC Dornsife/Los Angeles Times poll. Forty-four percent of those surveyed said they opposed Proposition 32, which would eliminate the main fundraising tool of unions. Just 36% said they supported the measure, which would also bar corporations and unions from contributing directly to candidates. Proponents of the measure, having focused squarely on unions in two past attempts to end paycheck deductions for political purposes, adopted the language of the Occupy Wall Street movement this time around and rebranded their campaign as an effort to curb the power of special interests.
NEWS
May 7, 2012 | By Matea Gold
WASHINGTON -- Liberal philanthropist and financial guru George Soros is donating $1 million to American Bridge 21st Century, a “super PAC” that serves as a opposition research clearinghouse for pro-Democratic groups, his spokesman announced Monday evening. Soros' donation, first reported by the New York Times , is his first major political contribution of the 2012 cycle. He gave $175,000 last year to super PACs backing Democratic congressional candidates. Soros, whose worth is estimated at $22 billion by Forbes, is one of the most sought-after donors on the left.
BUSINESS
April 8, 2011 | Andrea Chang, Los Angeles Times
John Duran likes shopping at Target, but he hasn't walked through its doors since last summer. As a gay public official, Duran believes he must support a boycott against the retailer by gay rights activists. "I am one of those people now that no longer shops at Target," said Duran, West Hollywood's mayor pro tem. "I just can't in good conscience be seen there. " Real estate agent Tom Kraynak also stayed away from the retail chain — for a while. But he was among several gay shoppers at the West Hollywood Target recently who said it was time to move on. "We boycotted for a while," said Kraynak, 47. "But that only lasted for so long because we had to go to Target.
BUSINESS
April 5, 2011 | By Marc Lifsher, Los Angeles Times
Through the depths of the recession, major Wall Street banks and other financial institutions spent nearly $70 million in California to try to defeat or water down California legislation aimed at slowing real estate foreclosures. The money, spent on lobbying fees and political contributions, came from 2007 to 2010 — at the same time the banks were getting billions of dollars in federal taxpayer bailouts to keep them from collapsing. A report commissioned by the Alliance of Californians for Community Empowerment criticized the banks and mortgage lenders for spending the money in the political arena rather than working harder to keep people in their homes.