Archive for category Money
Hello. Wait around a moment. Those conservative groups focused through the IRS could be seeking a bit profit the actual aftermath, say twenty six high-quality lover folks frontrunners that are with brand-new laws in order to repay the actual grass-roots folks. The parti which includes Rich Viguerie, James Dobson, Rob Reed, Phyllis Schlafly, Jesse Bossie and also Whilst gary Käfig have called Home Presenter Steve A. Boehner as well as Senate Republican innovator Mitch McConnell, advising the actual congress which oversight proceedings are well as well as fine. However wheres the money?
These types of initiatives, although good, have an obvious deficit; do not require could make whole individuals agencies and individuals who suffered discrimination or who have been see specific from the Obama administrations INTERNAL REVENUE SERVICE. Several organizations sustained hundreds and hundreds of money in unnecessary legitimate and also taxation preparing fees pursuing their own not for revenue taxation permission. Others simply gave up as well as folded away their own businesses when confronted with the particular difficult monetary problem, the girls states in a notice.
We expect that when it comes to the particular concentrating on of green tea party, patriot and conventional teams, Jewish groups supporting regarding Israel, directly to life agencies and others who were abused by the IRS . GOV due to their policy variations using the Obama administration the only real solution will be laws to be whole simply by reimbursing them for his or her away from wallet charges likely various other damages they will endured as a result of the IRS, these people recommend.
THE REST OF THE HISTORY
Since daily goes, People in america are with more questions about the INTERNAL REVENUE SERVICE focusing on associated with conventional teams and also bestower and exactly what the particular Light House and Treasury Section realized so when, says Republican State Committee in charge of a particular competition, golf course, rules of golf committee, etc. Leader Reince Priebus, who have requested under one building attorney Jonathan Waclawski to submit a Flexibility info Act demand using the IRS to access the bottom of things.
The particular get continues to be sent, asking for correspondence among IRS staff as well as officials, courting coming from January. one, the year 2010, via Wednesday. The actual firm provides twenty times to reply.
There’s plainly something severe the actual U . s . folks are not being informed, according to the feisty Mr Priebus, who has also organized some sort of general public case to require responsibility from the Obama administration that has, the actual request states, gone fake.
Shape-shifting through generous darkish funds organizations appears supposed to befuddle, say Robert Maguire as well as Viveca Novak, equally experts along with Open up Techniques, an online watchdog that records money in national politics.
2 generous tax-exempt groups, People for Power as well as Security as well as Patriot Vast majority, have wiped out on their own away and also re-established multiple times, as well as came up numerous offshoots which abide by different units of rules. Much more them practically not possible to for your typical resident and maybe for the INTERNAL REVENUE SERVICE, too, the particular pair observe.
Unlike, perhaps, the aforementioned conventional groups that were looked at by the federal government company.
The 2 generous teams which have washed out in and out of the political scene mysteriously and repeatedly more than many years carry names that few would relate, at first glance, along with developing leads to, the actual authors state. These people monitor the sensation within interesting but severe detail here: Opensecrets. org
WHITENED HOUSE FREEZE
The particular vacation industry mourns the particular drop-off of visitors at the White-colored House. Even before the actual sequester-imposed end in order to open public trips, six of 10 People in america were not going to the actual historic website as well as others.
The entire number of People in america who have went to their countrys most well-known sites is merely staggering, however what is much more astonishing is that much more people have went to Vegas than the Whitened Home, which final many years study discovered to be overlooked through 58 % of american citizens, states Clem Bason, chief executive of the Hotwire Group, a discount traveling website.
Tale Carries on rarr;
Look at Whole Tale
The particular English lender Common Chartered attained an offer together with federal and also state prosecutors upon Wednesday over claims which it got illegitimately funneled money with regard to Iranian banking companies and also corporations.
The particular 150-year-old lender will pay $327 , 000, 000 to settle promises through the Rights Section, the particular New york district attorney’ h workplace, the Government Reserve Financial institution of latest You are able to and also the Treasury Department. The actual settlement deals integrated the deferred criminal prosecution agreement with the Proper rights Division, which charged the financial institution associated with “concealing” their neckties in order to endorsed places just like Usa and also Sudan.
“You cannot do it, is actually against the law now Common Rented will be placed in order to account, inch Lanny A. Breuer, mind from the Proper rights Department’s criminal department, said in an interview.
TALLAHASSEE, Fla. —
No tickets matched the four winning numbers plus the Mega Ball, so the jackpot rolled over to an estimated $1 million in the Mega Money game, the Florida Lottery said Saturday.
Six tickets won $1,220.50 each for picking 4-of-4; 39 tickets won $411.50 each for picking 3-of-4 plus the Mega Ball number; 1,070 tickets won $44.50 each for picking 3-of-4; 1,326 tickets won $25 each for picking 2-of-4 plus the Mega Ball; 11,064 won $3 each for matching one number plus the Mega Ball; 30,622 tickets won $2 each for picking 2-of-4; and 24,944 won a free Quick Pick ticket for matching the Mega Ball.
The numbers drawn Friday night were 06-10-22-38 and the Mega Ball was 14.
It didn’t buy ads supporting the incumbent Democrat, Sen. Jon Tester. Instead, it put up radio and TV commercials that urged voters to choose the third-party candidate, libertarian DanCox, describing Cox as the real conservative or the true conservative.
Where did the group’s money come from? Nobody knows.
The pro-Cox ads were part of a national pattern in which groups that did not disclose their donors, including social welfare nonprofits and trade associations, played a larger role than ever before in trying to sway US elections. Throughout the 2012 election, ProPublica has focused on the growing importance of this so-called dark money in national and local races.
Such spending played a greater role in the Montana Senate race than almost any other. With control of the US Senate potentially at stake, candidates, parties and independent groups spent more than $51 million on this contest, all to win over fewer than 500,000 voters. That’s twice as much as was spent when Tester was elected in 2006.
Almost one quarter of that was dark money, donated secretly to nonprofits.
It just seems so out of place here, said Democrat Brian Schweitzer, the governor of Montana who leaves office at the end of this year. About one hundred dollars spent for every person who cast a vote. Pretty spectacular, huh? And most of it, we don’t have any idea where it came from. Day after the election, they closed up shop and disappeared into the dark.
Political insiders say the Montana Senate race provided a particularly telling glimpse at how campaigns are run in the no-holds-barred climate created by the Supreme Court’s 2010 Citizens United decision, giving a real-world counterpoint to the court’s assertion that voters could learn all they needed to know about campaign funding from disclosure.
In many ways, Montana was a microcosm of how outside spending worked nationally, but it also points to the future. Candidates will be forced to start raising money earlier to compete in an arms race with outside groups. Voters will be bombarded with TV ads, mailers and phone calls. And then on Election Day, they will be largely left in the dark, unable to determine who’s behind which message.
All told, 64 outside groups poured $21 million into the Montana Senate election, almost as much as the candidates. Party committees spent another $8.9 million on the race.
The groups started spending money a year before either candidate put up a TV ad, defining the issues and marginalizing the role of political parties. In a state where ads were cheap, they took to the airwaves. More TV commercials ran in the Montana race between June and the election than in any other Senate contest nationwide.
The Montana Senate race also shows how liberal groups have learned to play the outside money game — despite griping by Democratic officials about the influence of such organizations.
Liberal outside groups spent $10.2 million on the race, almost as much as conservatives. Conservatives spent almost twice as much from anonymous donors, but the $4.2 million in dark money that liberal groups pumped into Montana significantly outstripped the left’s spending in many other races nationwide.
As in other key states, conservative groups devoted the bulk of their money in Montana to TV and radio ads. But sometimes the ads came across as generic and missed their mark.
Liberal groups set up field offices, knocked on doors, featured Montana in their names or put horses in their TV ads. Many of them, including Montana Hunters and Anglers, were tied to a consultancy firm where a good friend of Jim Messina, President Barack Obama’s campaign manager, is a partner.
The end result? Tester beat Republican Rep. Denny Rehberg by a narrow margin. And the libertarian Cox, who had so little money he didn’t even have to report to federal election authorities, picked up more votes than any other libertarian in a competitive race on the Montana ballot.
Montana Republicans blamed Montana Hunters and Anglers, made up of a super PAC and a sister dark money nonprofit, for tipping the race. Even though super PACs have to report their donors, the Montana Hunters and Anglers super PAC functioned almost like a dark money group. Records show its major donors included an environmentalist group that didn’t report its donors and two super PACs that in turn raised the bulk of their money from the environmentalist group, other dark money groups and unions.
Part of what’s frustrating to me is I look at Montana Hunters and Anglers and say, ‘That is not fair,’ said Bowen Greenwood, executive director for the Montana Republican Party. I am a hunter. I know plenty of hunters. And Montana hunters don’t have their positions. It would be fairer if it was called Montana Environmental Activists. That would change the effect of their ads.
Cox and Tester deny the group’s efforts swung the race. No one from Montana Hunters and Anglers returned calls for comment.
Tester, who’s argued that all groups spending on elections should disclose their donors and also pushed against super PACs, said he wasn’t familiar with any of the outside groups running ads. By law, candidates are not allowed to coordinate with outside spending groups, which are supposed to be independent.
Despite his ambivalence, he said he was glad the outside groups jumped in.
If we wouldn’t have had folks come in on our side, it would have been much tougher to keep a message out there, Tester said. We had no control over what they were saying. But by the same token, I think probably in the end if you look at it, they were helpful.
* * *
Montana has long prided itself on a refusal to be pigeonholed. It’s the kind of place that votes Republican for president but elects Democrats to state office. Politicians wear bolo ties, tout their Montana credentials and use words like hell and crap. People introduce themselves by saying what generation Montanan they are.
Consistently, the state fights against any mandate that smacks of Washington meddling, from the federal speed limit to the Citizens United ruling in early 2010, which opened the door to corporations and unions spending unlimited money on independent ads, echoing an earlier court ruling that equated money with free speech.
Before that, Montana had one of the country’s toughest campaign finance laws, dating back 100 years, to the time of the copper kings. After one of those kings bribed state lawmakers to back him as senator, the state banned corporate political spending.
Even after Citizens United, the Montana Supreme Court insisted that Montana’s legacy of corruption justified keeping the ban. In June, the US Supreme Court squashed that move, saying the Citizens United decision applied to every state in the nation.
By then, dark money groups were already weighing in on Montana’s Senate race.
The TV ads started in March 2011, the month after Rehberg announced. The Environmental Defense Action Fund attacked Rehberg for his stance on mercury emissions. The Electronic Payments Coalition praised Tester for his push to delay implementing new debit-card swipe fees.
The thing that surprised me a little bit was how early they got involved, said David Parker, an associate professor of political science at Montana State University who tracked all 160 TV commercials as part of a book he is writing on the race. And I think that was critical, because very early on, they were able to establish the contours of this race. The candidates were just busy putting their organizations together and raising money.
Most of the money spent in 2011 on TV ads came from groups that didn’t have to report their donors. They also didn’t have to report their ads to the Federal Election Commission, because they didn’t specifically tell voters to vote for or against a candidate. Instead of saying Vote for Rehberg, they said things like Call Jon Tester. Tell him to stop supporting President Barack Obama. Ads like that only have to be reported to the FEC if they air during the two months before an election.
The only way to compile data on such ad spending is by visiting TV stations, which Parker did. ProPublica helped him collect information on the last round of ads.
Parker’s data shows that several heavyweight conservative groups entered the fray in mid-2011 to try to cast Tester, whom they saw as vulnerable, as a big spender.
Crossroads GPS, the dark money group launched by GOP strategist Karl Rove, ran two ads in July 2011 similar to those attacking Democrats in other states for supporting excessive spending.
Also that month, a conservative group called Concerned Women for America Legislative Action Committee ran a sarcastic ad about a new miracle drug called Spenditol, Washington’s answer to America’s problems. Call Sen. Jon Tester, the ad said. Tell him, stop spending it all. Similar ads ran against Democratic senators up for election in tight races in Florida, Nebraska and Ohio.
Several ads run by conservative groups backfired, messing up in ways that irked Montanans.
The National Republican Senatorial Committee — a party committee that reports its donors — ran an ad that appeared to show Tester with all five digits on his left hand. (Tester is well known for having lost three fingers in a childhood accident involving a meat grinder.) The US Chamber of Commerce misspelled Tester’s first name. A Montana cable operator yanked a Crossroads ad for claims the operator deemed false.
The first one that burned me really bad was from the US Chamber, said Verner Bertelsen, a former Republican state legislator and Montana secretary of state. I thought — you buggers! We don’t need you to come in here and tell us who to vote for.
Starting in July 2011, three new liberal dark money groups ran ads. Patriot Majority USA criticized Republicans for allegedly planning to cut Medicare and help to seniors. The Partnership to Protect Medicare praised Tester for opposing Medicare cuts.
And in October, weeks after forming, the dark money side of Montana Hunters and Anglers, Montana Hunters and Anglers Action!, launched its first TV ad, starring Land Tawney, the group’s gap-toothed and camouflage-sporting president, who also served on the Sportsmen’s Advisory Panel for Tester. At the time, the super PAC side of the group was basically dormant.
The new Hunters ad accused Rehberg of pushing a bill – House bill 1505 – that supposedly would give Washington politicians control of access to public lands in Montana. Rehberg, one of 60 cosponsors, argued the legislation was necessary to help the Department of Homeland Security protect the state from illegal immigrants, drug smugglers and terrorists.
Nobody in Montana was talking about that bill, Greenwood said. I’ve only heard it talked about in campaign ads. And it played a role throughout the election.
* * *
The gusher of outside money into Montana’s Senate race was part of a larger pattern. Nationally, in addition to the $5.1 billion spent by candidates and parties, almost 700 outside spending groups dumped more than $1 billion into federal elections in the 2012 cycle, FEC filings show.
Of that, about $322 million was dark money, most of it from 153 social welfare nonprofits, groups that could spend money on politics as long as social welfare — not politics — was their primary purpose.
Relating those numbers to previous elections is a largely pointless exercise, akin to comparing statistics from baseball and lacrosse. The Citizens United ruling changed the game, opening the door to unlimited corporate donations to super PACs and to a new breed of more politically active nonprofits.
Instead of being in a boxing match in a ring, you’re in a dark alley being hit by four or five people, and you don’t know who they are, said Michael Sargeant, the executive director of the Democratic Legislative Campaign Committee, which helps Democrats run for state offices.
Some of the players in the 2012 cycle were longtime activist organizations such as the liberal Sierra Club and the conservative National Right to Life Committee, with clear social welfare missions and only a limited amount of political spending. Other dark money groups were juggernauts like Crossroads GPS and Americans for Prosperity, founded years ago by conservative billionaire brothers Charles and David Koch, which crank up their fundraising during election years and devote more money to election ads than other nonprofits.
Finding out about some of the less prominent nonprofits was no easy feat. Many were formed out of post-office boxes or law firms. On their applications to the Internal Revenue Service, they minimized or even denied any political activity.
Documents for pop-up nonprofits like the conservative America Is Not Stupid and A Better America Now, both of which formed in 2011, led back to a Florida law firm that offered no explanations. The Citizens for Strength and Security Action Fund, a liberal pop-up group that spent millions on elections in 2010, closed down in 2011. In its place came a new group: the Citizens for Strength and Security Fund, which earlier this year bought almost $900,000 in ads attacking Rehberg and the Republican Senate candidate in New Mexico.
Groups picked names that seemed designed to confuse: Patriot Majority USA is liberal. Patriotic Veterans is conservative. Common Sense Issues backed conservatives. Common Sense Movement backed a Democrat.
As in the 2010 midterms, the dark money spent in 2012 had a partisan tilt. Conservative groups accounted for about 84 percent of the spending reported to the FEC — mainly through Crossroads GPS, Americans for Prosperity and the US Chamber of Commerce. Liberal groups spent 12 percent of the dark money. Nonpartisan groups made up the rest.
Despite shelling out hundreds of millions of dollars, conservatives lost big. Only about 14 percent of conservative dark money went to support winners.
Still, campaign-finance reformers say it’s a mistake to minimize the influence of this money.
What these donors were buying was access and influence, not only to the candidates but to the party machine, said Paul S. Ryan, senior counsel for the Campaign Legal Center. And they will get that access. On the Republican side, you have people lining up to kiss the ring of (billionaire donor) Sheldon Adelson. And on the Democratic side, you have even people critical of these groups meeting with the funders of these groups. This money is not going away.
Even though liberal groups spent far less than conservative ones, they had a higher success rate. About 70 percent backed winning candidates.
Some Democrats have shown distaste for the dark-money arts, pushing for more transparency. But liberal strategists are preparing to ramp up their efforts before the next election, unless the IRS, Congress or the courts change the rules.
We probably have a lot less comfort with some of the existing rules that allow for the Koch brothers to write unlimited checks to these groups, said Navin Nayak, the senior vice president for campaigns at the League of Conservation Voters, a liberal social welfare nonprofit for more than 40 years. But as long as these are the rules, we’re certainly going do our best to make sure we’re competitive and that our candidates have a shot at winning. We’re certainly not going to cede the playing field to the Koch brothers.
* * *
By the time Tester and Rehberg started buying TV ads, outside groups had been defining the race for a year.
Rehberg, 57, a six-term congressman and rancher often pictured wearing a cowboy hat and a plaid shirt, was portrayed as voting five times to increase his pay and charging an SUV to taxpayers. Tester, 56, a farmer with a flat top, was dinged for voting with Obama 95 percent of the time.
Tester’s campaign went up with ads in March, mainly to counter the outside messages.
The original plans were going up 60 or 90 days later than that, Tester said. But it was importantWe had to remind people of who I am.
His early ads highlighted his Montana roots, depicting him riding a combine on his farm and packing up Montana beef to carry back to Washington.
Rehberg had less money, so his earliest TV ads, which mainly attacked Tester, went up in May.
Neither Rehberg nor anyone from his media staff responded to requests for an interview on his views on campaign finance. In the past, he has said he supports the Citizens United ruling.
Meanwhile, conservative groups bought TV ads that hit at Tester but stopped just short of telling people how to vote. For instance, the conservative 60 Plus Association spent almost $500,000 buying TV ads featuring crooner Pat Boone criticizing Tester over the health care law. None of that was reported to the FEC.
Over the summer, the Concerned Women for America’s legislative committee, Crossroads GPS and the US Chamber of Commerce all weighed in. The TV spots were overwhelmingly negative, and many of them were cookie-cutter ads, similar to those that ran in other states against Democrats.
Liberal groups bought TV ads, too, but that was only part of their game plan. They spent their dark money on retail politics, hitting the streets and knocking on doors.
In January, the League of Conservation Voters set up two offices in Montana — one in Missoula and one in Billings. It canvassed voters and hired a full-time organizer, reaching out to 28,000 sporadic voters to urge them to vote early by mail.
Lindsay Love, the spokeswoman at Planned Parenthood Advocates of Montana, another nonprofit that doesn’t report its donors for election spending, said the group targeted 41,000 female voters. More than 1,500 people ended up knocking on 28,500 doors and making 162,000 phone calls, she said. The group sent out about 470,000 pieces of mail.
It’s hard to unpack this, Parker said. But it’s fascinating to look at groups like the League, unions and Planned Parenthood. By and large, they did phones, canvassing, mail, very little TV. One of the best ways to get out the vote is personalized contact.
Many liberal groups active in Montana, including Montana Hunters and Anglers, were connected through Hilltop Public Solutions, a Beltway consulting firm.
Barrett Kaiser, a former aide to Montana’s other Democratic senator, Max Baucus, is a partner at Hilltop and runs its office in Billings. The Hilltop website notes that Kaiser helped with Tester’s upset Senate win in 2006. Kaiser is also a good friend of Messina, the manager of Obama’s 2012 campaign, who also once worked for Baucus.
Kaiser was on the board of the Montana Hunters and Anglers dark money group. Another Hilltop employee in Billings served as the treasurer for the Montana Hunters and Anglers super PAC.
Hilltop partners in Washington also helped run two other dark money groups that spent money on the Montana race: the Citizens for Strength and Security Fund and the Partnership to Protect Medicare.
The League of Conservation Voters and Planned Parenthood Advocates of Montana paid management fees to Hilltop.
No one from Hilltop returned calls, but Nayak and Love said they worked with Hilltop independently of other groups.
Outside groups are allowed to coordinate with each other or use the same consultants — they’re just not allowed to coordinate with a candidate. By working together, groups can disguise who is actually behind an ad.
In early July, for instance, the League of Conservation Voters gave $410,000 to the Montana Hunters and Anglers super PAC — almost all the money the group raised as of that date.
When the super PAC spent the money on TV ads against Rehberg later that month, the spots were paid for by what appeared to be an organization of Montana hunters, not some Washington-based conservationist group. Nayak said that was not a coincidence.
We figured having a local brand like that and partnering with them on local issues made more sense than having a DC brand, he said.
Nayak said the League did not donate money for the later ads pushing Cox, the libertarian.
It’s not clear where that money came from. The dark money side of Montana Hunters and Anglers paid for the radio ads. The super PAC bought the TV ads and had to disclose its donors, but FEC filings show its money came mainly from two other super PACs, which in turn reported getting most of their money from unions and dark money groups, including the League.
* * *
As the Montana Senate race approached its climax, as many as five fliers landed in voters’ mailboxes daily. Robocalls, supposedly illegal in Montana, interrupted meals. Strangers knocked on doors, promising free pizza for voting. People turned off their TVs, dumped their mail without looking at it and stopped answering the phone.
My ex and I moved in together, because he had cancer and I took care of him, said Louise McMillin, 51, who lives in the university district in Missoula. He kept getting polling calls as he was dying. After he died, I kept saying, ‘He’s dead, could you take his name off the list?’ And they said, ‘Sure, sure.’ And they kept calling.
The race stayed tight. Demand for TV ad slots spiked, so the TV stations started raising their prices. The law required them to charge candidates their lowest rate. But outside groups? They could be hit up for whatever the market would bear.
Rehberg’s campaign paid $400 to run a 30-second ad during the show Blue Bloods on Oct. 19 on the CBS affiliate in Great Falls. A week later, Crossroads GPS paid $2,000 for a slot during the same show.
Anything was fair game for the ads. One, from the super PAC Now Or Never, made fun of Tester’s buzz cut, then showed his hair growing down to his shoulders, a bizarre sequence apparently designed to signal his ties to Obama. Another ad, from the dark money group America Is Not Stupid, featured a baby with a gravelly voice saying he didn’t know what smelled worse, his diaper or Tester.
By the middle of October, people were just so tuned out and quite frankly disgusted by all these third-party ads, said Ted Dick, the executive director of the Montana Democratic Party. We found that face-to-face conversations toward the end were most persuasive and effective. That’s the lesson we’re taking forward.
There are other lessons. Tester said the Montana race made clear that candidates will have to raise money sooner, and go up with TV ads faster. Although uncomfortable with outside money, Tester also said it’s just the way things are now, even on the liberal side.
I mean, look, they did it, he said. And with as many ads that were against me, I was glad they did. But it needs to be transparent. I mean, everybody’s needs to be transparent It’s important to know who’s spending money on who so you know why they’re doing it. And the way the system is set up right now, there is no transparency. Very little.
Campaign finance reformers agree that knowing who is behind a message helps people assess it.
One example: Two postcards sent to thousands of Montanans just before the election didn’t include the required notice saying who paid for them. One said Rehberg had wasted hundreds of millions of our tax dollars on pork barrel projects, and urged people to vote for Cox, a champion for fiscal responsibility. The other called Rehberg the king of pork and told people to vote for Cox.
Cox said he didn’t send them. The bulk-mail permit on the postcards came back to a Las Vegas company called PDQ Printing, according to the US Postal Service. In an online manual, PDQ describes itself as Nevada’s preeminent Union printer. No one there returned phone calls.
Greenwood, the head of the Montana Republican Party, filed a complaint with the FEC over the mailers. The complaint blames liberal groups and says they engaged in a duplicitous strategy of supporting the libertarian candidate, Dan Cox, in a desperate attempt to siphon votes from Rehberg.
More than likely, that complaint won’t be resolved for years.
Greenwood said he didn’t think disclosure was a cure-all. But he also said the current system marginalized political parties.
Whether it’s Montana Hunters and Anglers or (the conservative super PAC) American Crossroads, they are not responsive to the grassroots, Greenwood said. These are the professionals and the money men who are not responsive at all to people. The system as it is now does not reflect what people want.
Besides picking between Tester and Rehberg, Montanans got a chance in this election to say how they want the system to work. On the ballot was an initiative — largely symbolic in light of recent court decisions — that declared that corporations are not human beings and banned corporate money in politics.
Gov. Schweitzer, a Democrat, and Bertelsen, the former Republican secretary of state, campaigned for the initiative. In a shocker for backers, almost 75 percent of voters supported it.
I realized it absolutely didn’t have any legal basis to do anything dramatic, said Bertelsen, who is 94. But it’s a case of saying, ‘We don’t like it.’ I guess we could just sit down and not say a word. But the Supreme Court — I think they made a mistake. Money isn’t speech, anyhow. It’s just money.
USA TODAY contributor Regina Lewis tells you the best days of the week to look for deals.(Photo: USA TODAY)
- The best deals on electronics can often be found at the beginning of the week
- Midweek may be the best time to shop for jewelry
- The best deals on appliances can be found on weekends
Its called dynamic pricing – the ability for retailers to adjust prices on the fly. In a competitive search-driven online shopping world, having the best price listed at the top of search results can be make or break.
Thats why when more people are in the market for something and are actively price comparison shopping, the lower the price may get as retailers vie for the best spot in search results.
WIth that in mind, this Money Quick Tips looks at the best days of the week to score deals and the surprising reasons behind price drops in popular categories.
o Mondays are a good day for electronics as manufacturers roll out new promotions for the week and consumers are back online at work.
o Jewelry can be a good item to shop for midweek.
o Appliances can cost less on Sundays as many consumers have home improvement on their minds on the weekend.
Get more information from Extrabux.com on pricing and the best days of the weeks to shop: The cheapest days of the week to shop online.
Regina Lewis is a national television contributor and host of USA Todays new daily Money Quick Tips. Follow her on Twitter: @ReginaLewis.
BUFFALO, NYUS Attorney William J. Hochul, Jr. announced today that Will Johnson, 31, of League City, Texas, pleaded guilty before US District Judge William M. Skretny to conspiracy to possess with intent to distribute, and to distribute, kilograms of cocaine and to money laundering conspiracy. Johnson was arrested along with 17 others in August 2010 for narcotics trafficking. The drug conspiracy charge against Johnson carries a mandatory minimum penalty of 10 years in prison up to life, a $5,000,000 fine, or both; and the money laundering conspiracy carries a penalty of up to 20 years in prison, a $250,000 fine, or both.
Assistant US Attorney Mary Catherine Baumgarten, who is handling the case, stated that Johnson, originally from the city of Buffalo, obtained kilograms of cocaine in Houston and then utilized others to distribute that cocaine in the Buffalo and elsewhere in the Western New York. In July 2010, law enforcement officers executed search warrants at locations including an apartment leased by Johnson in Missouri City, Texas, and his residence located in League City, Texas. Agents seized cocaine and plastic wrappers consistent with the packaging of kilograms of cocaine, $55,000, one .44 caliber loaded handgun, and boxes of assorted rounds of ammunition.
The investigation further revealed that Johnson deposited and transferred funds generated as a result of his drug trafficking through and to financial institutions, such as when he paid approximately $13,000 to a used car lot in Buffalo to purchase a 2004 Escalade motor vehicle. Johnson also arranged to have cash deposits of $20,000 into bank accounts, which thereafter were used as a down payment for his residence in League City, Texas.
As part of the plea, Johnson agreed to forfeit $203,000 in drug proceeds, including $57,000 seized by law enforcement officers in the state of Texas in July 2010, along with a firearm and various ammunition.
The plea is the result of an investigation by the Drug Enforcement Administration, under the direction of Special Agent in Charge Brian R. Crowell, New York Field Division; the Federal Bureau of Investigation, under the direction of Special Agent in Charge Christopher M. Piehota; Immigration and Customs Enforcement, Homeland Security Investigations, under the direction of Special Agent in Charge James C. Spero; the Niagara County Drug Task Force, under the direction of Sheriff James Votour, Internal Revenue Service-Criminal Investigation, under the direction of Special Agent in Charge Toni Weirauch; and the Niagara Frontier Transportation Authority Transit Police, under the direction of Chief George Gast.
Sentencing is scheduled for April 10, 2013, at 9:00 am before Judge Skretny.
Cuomo: New York will get the majority of it.
Capital Tonight (@CapitalTonight) December 7, 2012
Several days after hurricane Sandy slammed into the tri-state area, President Obama toured the devastated shore with New Jersey Governor Chris Christie and promised to deliver support. Last Friday, six weeks after the storm, the White House sent a $60 billion supplemental budget request to Capitol Hill for recovery funds. The request is likely to get tangled up in ongoing budget and debt-limit wrangling and intra-state politics. New York’s governor Andrew Cuomo is already showing some sharp elbows, as seen in the tweet above from his press conference last Friday with New York’s congressional delegation. Take that Chris Christie.
There seems to be a semi-resigned attitude among the senators from the affected states. Senators Charles Schumer (D-NY), Frank Lautenberg (D-NJ), Bob Menendez (D-NJ) and Kirsten Gillibrand (D-NY) said in a statement:
This is going to be a tough fight in the Congress given the fiscal cliff, and some members have not been friendly to disaster relief, they added.
Not too friendly, the senators say? Here is what The Hill is reporting:
[House] Appropriations Chairman Hal Rogers (R-KY) said the needs of the victims have to be balanced with fiscal prudence. “It is also our responsibility during these tight-budget times to make sure that the victims of this storm are getting the most of every single recovery dollar, and to ensure that disaster funds are timed and targeted in the most efficient and appropriate manner, he said.
This sounds like Rogers intends to take a scalpel to the Sandy funding request. Paging through the request, one sees what looks like sweetheart projects such as the $23 million in cost-share assistance to landowners for tree plantings. Disaster funds are appropriated through various federal agencies. Republicans may want to scrutinize large and small items in the request.
The really big line items, and likely places of partisan challenge, are for items like the $15 billion request for Housing and Urban Development’s Community Development Fund monies. It’s a little fuzzy how and for whom these funds would be allocated. Funding this request would require a change to the law, because HUD does not have permanent authorization for a disaster program. This is another place that could stall passage of the funding.
Politico reported on the broader dynamics of passing the funding request:
At one level, Obama appears genuinely committed to helping the states recover. But he is already in difficult deficit reduction talks with House Republicans. Moreover, of the 18 senators representing the nine states most affected by the Oct. 29 storm, only one, New Hampshire Sen. Kelly Ayotte, is a Republican. And this could make it harder to get the required 60 votes to designate the money as emergency spending, exempt from the 2011 debt accords.
It is clear that the request has already been narrowed in power. Though Governor Christie did not hold a press conference that specifically addressed funding for Sandy relief, he did address his hopes for disaster funding for small businesses at a press conference for two judicial candidates today (my transcript of the presser):
I’m relying on the congressional delegation to get it passed in the form it is currently in by December 21 I argued with the President for the Small Business Administration business program to be a grant program and not a loan program. Jersey shore businesses live season to season and have debt already. Cuomo and I argued for the block grant program together. I havent reviewed the package yet things are moving fast down there.
Essentially, Christie wants New Jersey small businesses to receive money grants, and this is not the normal protocol for the Small Business Administration. The SBA normally makes loans to businesses that have suffered business losses. The White House request seems to back up Christie by saying that SBA grants should not be given except in special circumstances to restore revenue to small businesses.
I can imagine House Appropriations Chairman Hal Rogers taking out his big read pen and quickly crossing this item off the request. It is hard to see Congress agreeing to give businesses money to cover lost revenue. Republicans will likely argue that is what commercial insurance is for, not the federal government.
New York Mayor Michael Bloomberg has said some non-partisan things about the funding request, but he seems to have stayed out of the game publicly. A big disappointment for many New York and New Jersey homeowners will likely be that the funding request is specifically limited to rebuilding primary residences and not weekend getaways. Taxpayers across America would howl at rebuilding their second homes in Snooki’s “Jersey Shore” community.
The other item that Congressional Republicans will examine closely is the president’s request for the government to fund 90% of repairs versus the customary 75%. Governor Christie was insisting that the federal government repay 100% of the costs.
Congress may not finish the request before they adjourn on December 21. And what Washington allocates may be far less than requested. New York and New Jersey will rebuild, it may just take a longer time to recover.
Strike Debt: Who pays for Sandy?
Executive Office of the President: Supplemental Request for Hurricane Sandy
n>(Reuters) : Lender of The united states Corp (BAC. N) is ramping up the rewards in order to inspire agents in order to convince their own customers to fully make use of a lot of banks choices. The particular stable can also be sweetening bonuses for agents to maintain the customer cash they will control in the steady when they stop working.
In the 2013 payment plan, declared to agents Monday morning, the organization outlined strategies to get rid of the actual cover on awards provided to advisers regarding getting a lot more fee-based assets, as well as other financial, lending as well as annuitized goods.
Merrill furthermore improved the particular expected pay out with regard to advisors which keep their particular consumer balances in the firm after they retire. Often , broker agents will become self-sufficient advisors or even market their books of enterprise to a self-sufficient admonitory firm, pulling vast sums associated with bucks within assets from the securities firm. Expert advisers typically manage a bigger swimming pool regarding resources in an organization as well as preserving these gives a needed source of earnings.
The alterations be met with riches management businesses are increasingly seen as a key revenue driver for many major Wall Street firms.
Just what theyre doing is attempting to obtain advisors to be able to diversify their particular client resources beyond the traditional Merrill Lynch merchandise offering, mentioned Indicate Albers, a previous Merrill intricate administrator which today runs their own firm, Albers Acquaintances Consulting. Its obviously their particular attempt to… influence all of those other bank.
Loan company of The usa acquired Merrill Lynch in early this year in the middle of the financial disaster. Ever since then, although, advisors have at times bristled in feeling forced to pitch loan company products and response to customers of their problems more than their father or mother company.
The particular Strategic Growth Award, right now uncapped, will change primary with regard to making the reward much more toward growth within places such as fee-based property and financing, as opposed to merely improving net new cash, previously any pillar in the award.
That forces them to put (the assets) to function to be paid out, Albers mentioned. The particular company make money insurance firms resources that are committed to fee items.
So , for example , if an adviser were to generate the $10 mil bank account almost all committed to Treasury expenses, that are not fee-based resources, people new dollars will no longer count up on the award.
In order to retain consumer assets on the steady, Merrill furthermore elevated their funds payout regarding agents that abandon their consumer records with the company after they retire.
Advisors is now able to expect a standard funds pay out above four many years of among 100 percent in order to one hundred sixty % of the annual production, upward from a regular of 70% in order to 80 percent.
The actual payment is offered as an element of the Merrill plan geared towards advisors fifty five as well as old once they depart the company. Which bonus may help Merrill hold onto valuable customer property of experienced advisors — anyone who has been with the actual organization for a few decades – who usually choose to proceed impartial just before heading off in order to profit from their particular publications associated with company and selling that to get a higher payout than standard agents may offer you.
Interviewers utilize which like an enrolling device, stated ex – Merrill department manager Anthony Stratton.
Merrill would not make becomes the payout main grid, which refers to the chart employed by brokerage organizations to determine the main approach advisors get compensated. Morgan Stanley and also UBS additionally failed to create becomes their particular grid.
Merrill also managed their controversial $250, 200 minimum amount client accounts sizing – the actual minimal associated with complaintant accounts in order for the advisor to be paid profits or perhaps charges on the bank account. It had been launched this past year inside a move to encourage advisers to focus on higher-net-worth consumers. The line was elevated from $1000, 500, typically the particular minimal bank account dimension that advisors from Morgan Stanley are compensated on. UBS stored its minimum bank account dimension in $75, 500.
(Reporting Through Ashley Lau inside Nyc; Editing and enhancing through Jennifer Merritt, Bernard Orr)
Will Jay Cutler turn into a former Chi town Has quarterback following the 2013 period, if he can be an unhindered free agent?
One previous Has quarterback considers they would be foolish to be able to make a deal an abundant long lasting handle Cutler, even when it indicates shedding him or her.
Internet marketing not offering The writer Cutler any new funds, John Callier mentioned Mon around the McNeil as well as Spiegel Display upon WSCR-AM 670. The reason why the heck would certainly the actual Has offer Jay Cutler virtually any brand new funds? The particular guy is going to make $8. 50 mil next season as well as find it difficult to remain on the field.
Callier invested 4 seasons with all the Carries and also brought these to a playoff appearance inside the 2001 time of year.
The the medical, No . 1 this individual find it difficult to remain on the field, Burns said regarding Cutler. Right this moment, youre discovering Russell Milson get out in Seattle. Youre finding RG III make an impression on presently there in Buenos aires. Therefore any kind of talk of any kind of hometown special discounts in case any person gets a discount, its the actual Carries business with what they provide The author Cutler.
You can draft some guy, whether its this coming year or even the coming year or the subsequent yr, enabling The writer Cutler enjoy back memories. Jay Cutler must prove he is able to stick to area. Since the leg damage (in the particular the year of 2010 NFC Tournament Game), hes had a damaged thumb, hes had a ribs injuries now hes got any concussion background, which can be the kiss associated with dying within the National Football League…. Why would the actual Carries give The author Cutler 100 dollar , 000, 000 when they may give a fresh draft choose three-quarters under which. They are able to offer a guy $25 mil, which can be around $75 , 000, 000 less than exactly what theyd give The author Cutler, until he proves they can stay fit.
– Posted Wednesday, 15 December 2012 Resource: GoldSeek. com
Through Whilst gary Tanashian
With the dear financial frontrunners just two days from bestowing you, their own latest financial sorcery, you should be conscious of the money source dynamics being used. Soon FOMC will certainly both ramp producing published money, suspend back and play coy although enabling the existing $40 billion dollars in MBS carry the load or heaven prohibit, talk in certain kind of austere way within a bizarre sport associated with brinksmanship.
Funds Provide Dialogue Through NFTRH 215:
Shifting, here is how one funds offer indicator first got it wrong?
People who desire to water pump a person up concerning hyperinflation will likely explain to you the particular stand-alone M2 money supply graph. See? They are filling it with air!
Individuals who want you upon Staff Inflation will show you the actual long-term and impulsively decreasing view associated with M2?s acceleration.
Actually, the Altered Monetary Bottom is apparently the view which is the majority of in accordance with fact. It has been stagnating because 2011. Here?s the blown up view?
The actual ramp directly into early spring regarding 2011 entered concert with a noisy time while pumpiing anticipation have been rising, the Relationship California king had been heading lengthy on interest rates (short the long bond), a brand new Austerity movement got thrust John Ryan to the highlight and also enemies together with pitchforks had been with ?Helicopter Ben?s? mind.
Whatever we have got inside the data directly above may be the resulting come down, along with monetary inflation blow horns being replaced with an inflationary backdrop. The actual Fed has announced a QE functioning in Sept, that was fulfilled by the broken of euphoria within the precious metals as well as market segments generally. But the actuality business Perspective and I assume Dennis Gartman?s theory associated with COMPACT DISKS growing out the backside front door in the funds supply shack provides damp the particular QE impact.
The chart is in loan consolidation in just a massive increase. Just as when we have been reading a stock graph and or chart, we have no reason to trust fashionable has ended. In case the Foundation starts declining, and then we should not stand above the data and now we should not rally to a potential final slaughter. We ought to say ?the Bottom is actually decreasing and possibly our own current assumptions are usually wrong?.
But since associated with right now, to be able to project any decrease inside Financial Base will be genuine wishful thinking about from the deflationist?s standpoint once we consider what the actual FOMC has frequently explained (ofcourse not in a lot of words) it will eventually promote monetary inflation. FOMC has stated which pumpiing dampener Operation Twist is a result of System.Drawing.Bitmap Dec, 2008. Gold and silver are already obtaining clobbered recently as being a seemingly huge as well as powerful interests lined up towards all of them in to, and as the actual QE3 statement.
Perceptions individuals. If the big trends stick to monitor, then a current uncertainty is just concerning ideas and awareness administration. Consider back to 1 ) 5+ in years past when, at the idée of the platinum insects and inflationists they will desired to hang up the truly amazing inflator, ?Helicopter Ben? from the highest yardarm. ?How you want me right now? ? says Dan.
Remain calm with all the method since the sport changes. You can only remain calm should you be powerful as well as this racquet you can only become powerful if you feel such as a ttacker. You can only believe just like a predator when you handle threat. View, it all returns close to.
Money Provide Conversation Through NFTRH 216:
Op/Twist Ending? What subsequent?
I actually discovered in the beginning never to trust any Main Bank who is wrapped up in lies as well as deceit. In the modern time, that could mean a lot of them. The actual outliers love Fisher, Bullard along with other ?bad cops? are likely something even better. However I question whether they just do not just work as windowpane outfitting to keep up looks of the good debate.
FOMC has stated that Op/Twist may run through year-end, 2011 and has not really pointed out it will likely be reconditioned. In case the selling associated with short-term Treasury connection tools is actually taken out of the current Treasury and also MBS asset purchase routines, the actual inflationary impact must by description be increased. That is because monetary inflation is definitely a growing cash source, not really the particular knock-on cost results that the media and the auto industry will loud down the road.
If FOMC declines the particular entirety of Distort nonetheless such as the purchases regarding long-term T bonds, this could leave $30 million of MBS being sopped way up monthly and net sale of the current Op/Twist, this has certainly not recently been ramping the actual ?adjusted? money supply as yet. Dennis Gartman says this is due to since ?new? provides are bought good old types are maturing from the publications, getting the Fed?s balance sheet stable.
The above is really a much more close up see from the Modified Financial Bottom data proven the other day. Remember that the BOTTOM is still inside a combination which started inside mid-2011 following ramping up in to early on 2011. The view previously mentioned implies that while the FOUNDATION has not broken loan consolidation, it has elevated since the Given announced it might buy MBS to aid the economy. A brand new uptrend would need to start off someplace, in fact. Has it started?
In the end of Perspective would keep the BASE to go on its happy way because cash is published to get mortgage loan ?assets?. Once more, ideas should tune out the hyper-inflationists which only want us all to look at the straight M2 slope and also the deflationists who does taunt us along with M2?s decreasing speed. Lacking further asset purchases (such Twist-free long lasting Treasury bonds), the bottom could have began to increase alone.
NFTRH could keep the actual inflated short-term view of the BOTTOM front side as well as middle going forward. Gold and silver coins bulls? which one 5+ year long loan consolidation within financial bottom is the major reason behind the particular 1 ) 5+ uncomfortableness experienced by the precious metals sector.
Regular stock market players have experienced an edge which i think that has to do with the proper purchasing of long lasting To a genuine (keeping cheaply crucial extensive interest rates low, at the expense regarding fewer ideal immediate interest rates).
Stocks and shares is reflecting the actual value of businesses and the capacity to function within the economic climate, in the end. Gold is a reflection of the particular monetary backdrop. Perspective has provided the added advantage (for the inventory market) regarding artwork any gold-bearish picture while demonstrating that pumpiing will be anything but any threat at the moment.
Now we are recorded the particular brink associated with much more sincere and monetary policy functions if Distort should indeed be planning to finish. At the very least there should be $30 million within MBS per month being monetized. FOMC may postpone about adding straight, unsanitized monetization of Treasury an actual to keep up performances for now. Or, they could simply let the short term relationship revenue percentage of Perspective end although staying in touch the actual long lasting T relationship purchases.
Either way, seems as though we will acquire pumpiing sooner or later. This pumpiing could be average or severe. We have to watch the modified cash source information like those above to verify if the actual combination can certainly break towards the benefit.
Whilst gary Tanashian
– Posted Wednesday, 10 Dec 2008 Delicious This post Supply: GoldSeek. com