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...requiring corporations to subject all political spending to a shareholder vote, which would presumably cause such spending to grind to a halt. Yale professors Bruce Ackerman and Ian Ayres suggest denying federal contracts to corporations that engage in political spending, and Ackerman and Congressman David Wu have formulated a bill giving $50 campaign contribution vouchers to every taxpayer to balance out corporate influence...

Author: By Dylan R. Matthews | Title: The Limits of Good Government | 2/17/2010 | See Source »

...Senate–67 votes for an amendment, and 60 to break a filibuster on public financing–where minority leader Mitch McConnell has been a staunch opponent of all campaign finance reform efforts, and so chances are dim. Same for Ackerman and Wu’s bill, the cost of which should alienate swing Republicans. Van Hollen and Schumer’s and Ackerman and Ayres’ more modest suggestions could attract more support, though it’s always safer to bet that Congress will find an excuse not to act. But all are worthy...

Author: By Dylan R. Matthews | Title: The Limits of Good Government | 2/17/2010 | See Source »

Lobbyists’ most important means of influence, however, is personal. Lobbying firms and organizations are overwhelmingly composed of former House and Senate staffers of both parties and even former Congressmen and Senators. Take the health care debate as an example. The Senate health care bill was largely the baby of Senator Max Baucus, who, as Finance Committee chairman, had jurisdiction over the issue. Health industry interests, including pharmaceutical and insurance companies, hired a total of seven former Baucus aides to lobby him, including at least two of his former chiefs of staff. In total, the Washington Post counted...

Author: By Dylan R. Matthews | Title: The Limits of Good Government | 2/17/2010 | See Source »

Amanpour will join a list of Class Day speakers hailing from a wide spectrum of careers, from government officials like Chairman of the Federal Reserve Ben S. Bernanke '75 and Bill Clinton to comedians like Al Franken '73 and Conan O'Brien '85. Today Show co-anchor Matt Lauer spoke at last year's Class...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: Christiane Amanpour Named Class Day Speaker | 2/17/2010 | See Source »

...that, Washington's latest act of largesse, the Kerry-Lugar bill, has unintentionally riled the Pakistani army. The billions came with strings attached. The generals opposed one of the conditions of the bill: that the U.S. must be satisfied that the Pakistani military was fighting terrorism and not, as the legislation said, "subverting the political and judicial processes of Pakistan." Says Talat Masood, a retired general and military analyst in Islamabad: "Some in the army think this is intrusive and a loss to our sovereignty...

Author: /time Magazine | Title: Pakistanis See a Vast U.S. Conspiracy Against Them | 2/16/2010 | See Source »

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