Word: rnc
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Dates: during 1980-1989
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...Boesky scandal may well accelerate that trend. Says Bill Kasten, an account executive in the Chicago offices of the E.F. Hutton investment firm: "Smaller investors now think that they're just crumbs in the pie, that they have no control." Agrees Robert Nichols, president of Los Angeles-based RNC Capital Management: "If we don't restore the public's confidence, the public is going to exit and not come back...
Concerned that ABC, CBS and NBC will cut away to adventure series, the G.O.P. has formed its own Republican National Committee network (RNC) to cover the convention. With ten cameras and a staff of 40, RNC is offering commentary-free, live feeds of the podium action to any television and radio station or groups of stations willing to pay a nominal fee of about $200. So far, the Republicans have signed up 38 television groups, including CSpan, Group W and PBS, and two large radio groups, Mutual Broadcasting System and Associated Press. In all, an estimated 1,048 television stations...
...Republicans have been quick to turn these advanced solicitation tactics to their success. According to RNC officials, the bulk of the $35 million they collected during 1983 came from donations of $50 or less. That sum is more than twice the $17 million the committee collected in advance of the 1980 race...
...only technology, but also politics, have paved the way for the successful GOP shakedown The invasion of Grenada and downing of the Korean Airlines jet by the Soviet Union created a surge in Reagan's popularity that found its financial expression in campaign contributions, RNC financial director Philip Smith says...
Most of the RNC's contributions are solicited through direct mailings run by outside consulting firms. The committee snags roughly 20 percent of its donations from several business donor organizations, such as the "Republican Eagle program," whose members each contribute between $10,000 and the legal maximum...