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Tag Archive: Lobbying

Why has lobbying grown and made DC rich?

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The news that seven of the ten highest income counties in the U.S. are in the Washington, DC area has prompted Wonkblog’s Dylan Matthews to investigate why the DC wage premium has grown. In digging through the data, he finds that the growing wage premium correlates most closely with growth of lobbying spending that “The rise of influence-peddling more broadly, more than just lobbying, is likely what’s driving this correlation.” Sounds quite probable to me. Ross Douthat is likewise convinced that DC’s increasing wealth comes “from the growing armies of lobbyists and lawyers, contractors and consultants, who make their living advising and influencing and facilitating the public sector’s work.” And Matt Yglesias, with a nod to Will Wilkinson, believes that “the area's rising affluence seems clearly to be linked to the rising investment in influence peddling that characterizes American politics and the economy” All of this begs the question, however, as to why lobbying would have taken off now, in this last decade or so? This was the question that I tackled in my Ph.D. dissertation (and soon, ahem, eventually, book). The short answer is that over the last two decades, corporate America came to see the value of politics and learned to play the Washington game.

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Four years after Lehman Brothers collapse, financial industry still works its political will

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Like the assassination of Archduke Franz Ferdinand that touched off World War I, the collapse of Lehman Brothers, the largest underwriter of bonds backed by subprime loans when it declared bankruptcy on Sept. 15, 2008, was an event whose repercussions extended far beyond its executives, investors and creditors. It touched off a financial crisis that's affected employment and earnings of the middle class.

The bankruptcy of the 158-year-old Lehman Brothers wasn't the first sign of trouble in the economy, or in the mortgage backed securities market--the bad investments that brought the firm down. More than a year earlier ...

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Corporate funded nonprofit works at nexus of politics and entertainment

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A corporate-funded nonprofit organization that operates out of a Washington, DC lobbying firm's offices and describes itself as working in the "nexus between the entertainment community and Washington" will be helping to host a "high-profile evening event" on Tuesday at the Democratic convention in Charlotte.Artists and Athletes logo

The Artists and Athletes Alliance is one of the cosponsors of  an "In the Know VIP session"  organized by The Hill, a newspaper that covers Congress. The session will feature political gossip columnist Judy Kurtz.

Artists and Athletes specializes in bringing athletes and entertainers together with politicians, government executives and the media. Founded in ...

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Bank accused of Iran money laundering lobbies in US

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Standard Chartered Bank, a British bank with a U.S. division that is suspected by the New York State Department of Financial Services of laundering $250 billion dollars to Iran, has been trying to influence U.S. policy through lobbying, but exactly what the bank is trying to accomplish remains vague.

So far this year, Standard Chartered Bank has spent $90,000 to hire mega-lobbying firm The Glover Park Group, according to Senate records. Complying with regulations, the Glover Park Group has filed lobbying reports quarterly.

Since 2000, records obtained from the Senate and Sunlight's Influence Explorer reveal, Standard ...

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Special interests honor Congress, executive branch with nearly $19 million in 2011

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Spurred by reports that Smartphone software made by Google and Apple could violate users' privacy, a Senate Judiciary subcommittee called executives from the companies to testify in May 2011. For the most part, the senators were uncharacteristically deferential to the hi-tech titans appearing before their panel. In his brief opening statement, ranking member Tom Coburn, R-Okla., said, “We need a whole lot more information and knowledge in terms of those of us on the legislative side before we come to conclusions about what needs to be done.”

One day later, Coburn was recognized at a Consumer Electronics Association event for ...

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Graphic: Which officials were honored the most in 2011?

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Companies, associations and the lobbyists employed by them contributed almost $19 million to charities in honor of federal officials last year, the vast majority of it for members of Congress. You can read the full report on 2011's honorary giving here.

To find out which lawmakers and cabinet members were honored most, or to see which interests paid the most in honorary expenses last year, search the interactive graphic below. You can even filter the graphic for lawmakers from your home state.

 

 

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CFC (Combined Federal Campaign) Today 59063

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