Michael Keller shows off Treasury.io site at Sunlight offices.
Goldman Sachs and the political battle over aluminum
With the Senate Banking Committee already holding hearings over Goldman Sachs’ now-infamous aluminum market manipulations, Slate’s Matt Yglesias wonders if there may be a backlash. He notes that the victims are no longer the diffuse and poorly-organized residents of the mythologized “Main Street.” Instead, they are now the big industrial purchasers of aluminum, notably the big beverage companies and automakers. As Yglesias argues:
The key thing here is that while Goldman Sachs is a big company with political clout in the United States, so is MillerCoors. So is Coca-Cola. So are PepsiCo and the Dr Pepper Snapple Group. So is General Motors. When you get a situation where large industrial firms want the federal government to do something that banks don't to do, then the odds of the banks losing get pretty good.Yglesias has a good point. When resources and clout are substantial on both sides, resources and clout are much less likely to be determinative. When both sides have the money to get in the game, other factors (such as, say, the low public esteem of Goldman Sachs) may turn out to be equally important. Indeed, this could be a fascinating political battle, as business vs. business scraps often are. Who knows how it will play out? What we do know is what the current balance of resources looks like. And the current balance of resources comes down strongly on the side of securities and investment industry. Continue reading
Mapping the Global Transparency Ecosystem: Crowdsourcing for Clarity
In advocacy, knowing who your friends are is half the battle. With this in mind, Sunlight Foundation has gone about compiling and curating a list of international organizations working on open government issues in their own countries or regions, an effort that brings a touch of clarity to an unwieldy transparency ecosystem. The spreadsheet can be viewed here and any organization or project that is missing from the list is encouraged to fill out this brief survey. While Sunlight may be taking the lead here, we see this as a project that is by the community and for the community -- so please contribute!
After several months of gathering information from transparency-related organizations, our repository was made public in late May and was received with enthusiasm by many members of the community. Since its launch, over 40 organizations from every corner of the globe have requested that their work be included. We were happy to add them to the list and are excited to continue to hear from new organizations and new projects. We know there are a number of groups doing incredible work that are still not included on this list and we hope to hear from those organizations very soon.
Continue readingGang of Eight enlists K Street
The bipartisan group of senators known as the Gang of Eight is planning a sequel to their Senate approach to... View Article
Continue readingTo Combat Dark Money, States Must Focus on Disclosure
A recent story in the Huffington Post outlined state-level efforts to combat the Supreme Court’s Citizens United decision, even as reform... View Article
Continue readingWhat the banks’ three-year war on Dodd-Frank looks like
Graphics by Ben Chartoff and Amy Cesal. Network analysis by Alexander Furnas. In the three years since President Barack Obama signed the Dodd–Frank Wall Street Reform and Consumer Protection Act, federal regulators charged with implementing it have opened their doors to the biggest banks over and over again – 14 times as frequently as they have to representatives of consumer and pro-financial reform groups, a new Sunlight Foundation analysis finds. By most accounts, the banks’ besiege-the-regulators strategy has yielded rich rewards in sapping, slowing, and stymieing regulations intended to prevent another massive financial crisis. The emerging consensus is that Dodd-Frank implementation is limping, while the big banks are poised to return to being the most profitable industry in the U.S. Sunlight’s analysis is based on logs of Dodd-Frank meetings at the Commodities Futures Trading Commission, the Treasury, and the Federal Reserve Board., available through Sunlight’s Dodd-Frank Meetings Tracker. Because of problems with data quality and comprehensiveness, we had to exclude two other regulatory agencies (the Securities and Exchange Commission and the Federal Deposit Insurance Commission). And because of the time involved in data cleaning, we also excluded 22 percent of reported meetings – those that did not include “active” players. (By “active” we mean organizations that showed up at least five times in meeting logs.) For more on the data, see our methodology section at the end of this post, and read our companion piece, “Dodd-Frank meeting data need improvement.” Still, the imbalances our analysis reveals are so overwhelming that we can be confident that they are not merely a feature of the reporting practices.
Continue readingOne Year of Monitoring the World’s Parliaments
It has been just over a year since the PMO Leaders Conference convened an ever-growing community of activists working to open up their national and local parliaments. It has been a year since numerous individuals and groups participated in drafting the Declaration on Parliamentary Openness. It has been a year full of promise and success for the PMO community, but that’s not to say that we couldn’t do more to work together.
Continue readingStand your ground: More states considering self-defense statute at issue in Trayvon Martin case
More states are considering "shoot first" laws, while a majority of states have varying degrees of laws that allow self-defense.
Continue readingDon’t defund the E-gov fund
For the past several years we have been fighting to maintain funding for online transparency programs that the federal government supports through its E-gov fund. 2013 is no different. The fund supports important initiatives, including the IT Dashboard, Performance.gov, and more, that have been shown to improve government efficiency and accountability, saving at least $3 billion. In addition to helping the government save money, these technologies have been a boon to the private sector, creating jobs and releasing valuable information. President Obama requested $20.15 million for the E-gov fund in his FY 2014 budget request, but Congress is considering combining the fund with another fund and cutting its budget. This Wednesday, the House Appropriations Committee is going to mark up the FY 2014 Financial Services and General Government Appropriations bill that controls the E-gov fund's fate. If they choose to fully fund the E-gov fund, Congress will be making a smart investment in technology and transparency. We happily signed on to three letters to leaders of the House and Senate committees with the power to pay for the E-gov fund urging them to fully invest and allow these programs to thrive. You can find one, sent to the chair and ranking member of the Appropriations committee, here. The others, sent to relevant subcommittee chairmen in the House and Senate are embedded below.
Continue readingAbortion restrictions going viral?
As state lawmakers in Texas and North Carolina move towards enacting tough new limits on abortions, Sunlight decided to use some of our data tools to see how far the trend is spreading nationwide. To do so, we lifted key phrases from four of the most restrictive abortion bills that have either been enacted or considered recently and ran those terms through our Open States database, which surveys activity in all 50 state legislatures.