Word: jerseys
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Dates: during 2000-2009
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Sure, times are tough for Republican incumbents all over the country, but you wouldn't want to be running Scott Garrett's congressional reelection campaign. Sure, he holds a seat in New Jersey's solidly Republican 5th district that has been GOP property for decades, and there are almost twice as many registered Republicans as Democrats in the affluent district. But who'd want to run for the party of an epically unpopular president when the opponent is a blind rabbi...
...June, House Majority Leader Steny Hoyer joined Shulman on the stump and personally delivered a check for $2,500, the second such contribution from his political action committee. A few days later, the Democratic Congressional Campaign Committee announced that New Jersey's 5th was being targeted as one of 20 "emerging races" the party believes are in play, and paid for a local anti-Garrett radio ad that tied the incumbent to President Bush. With roughly seven times as much cash on hand as its Republican counterpart, the DCCC hopes to open up previously uncompetitive seats in order to force...
...While Garrett may be the district's traditional choice, any political professional from either party will confirm that these are unconventional times. So, the fact that Shulman is anything but a conventional candidate may yet turn the race for New Jersey's 5th District into a humdinger...
...shot. As it happens, both now seem to be occurring. With some 30 of their members bailing out, Republicans are running a crop of entrepreneurs and CEOS (it helps for amateurs to pay their own way), including a concrete magnate in Illinois, a Lockheed Martin vice president in New Jersey and an 85-year-old Montana lawyer with eyebrows like hamsters who still counts as a rookie since he's yet to win office after 15 tries. Among the Democratic youngsters, there's a former Republican Iraq-war vet in Minnesota, a former ranch hand and Yale Ph.D. in Nebraska...
...feds are squeezing UBS for the names of other clients. More Swiss and Liechtenstein banks might be next in line for a federal look-see, their vaunted secrecy laws notwithstanding. In light of Birkenfeld's arrest, private bankers from Zurich and Geneva to the Isle of Jersey off the coast of England are assuming a bunker mentality. One private banker in London, caught up on events at UBS, responded, "My God, we're doomed." Says Reuven Avi-Yonah, a professor and director of the international tax program at University of Michigan Law School: "The whole world of private banking...