Stealth spending on the rise as Election Day approaches
Thursday, October 18, 2012 - 13:45 Chip Somodevilla/Getty Images Romney campaign pins are on display for sale in the GOP gift shop during the third day of the Republican National Convention. The top two spending organizations taking advantage of the Citizens United decision are Republican backers. After the U.S. Supreme Court’s 2010 ruling that unleashed corporate and union spending on elections, there seemed to be a silver lining: the identity of those who fund all those annoying ads would be revealed to the public on a regular basis. It hasn’t quite worked out that way. Since Labor Day, spending by outside groups taking advantage of the high court’s Citizens United decision totaled a little more than $229 million, including unions. Forty-four percent of the total — $100 million — has come from non-disclosing, nonprofit corporations. The clearest example comes from the top two spenders. Both organizations are Republican backers. And they also happen to share the same ...
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Twitter CEO Dick Costolo on Jack Dorsey, ad revenue, going public
Friday, October 12, 2012 - 03:00 Justin Sullivan/Getty Images Twitter CEO Dick Costolo. Corner Office Interview: Biz Stone and Evan Williams Twitter unveils advertising platform Twitter and your privacy Twitter may block tweets in certain countries Listen: Twitter solves mobile ad riddle Twitter CEO Dick Costolo rarely gives interviews. But just a week after the Silicon Valley executive made headlines in The New York Times for alleging that Twitter founder Jack Dorsey’s role in the company was diminished, Marketplace Morning Report host Jeremy Hobson got more than 140 characters worth of answers from Costolo in a one-on-one interview. He answers questions about Dorsey’s current involvement with the company, Twitter's position on censorship, the company's advertising business, and he responds to rumors about Twitters plans to go public. Jeremy Hobson: It was created in 2006, it is the home of 140 character tweets and it now has hundreds of millions of users. I am talking, of course, about ...
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PODCAST: Adele goes Bond, Federal Reserve goes beige
Wednesday, October 10, 2012 - 10:12 LEON NEAL/AFP/Getty Images British singer-songwriter Adele accepts the British Female Solo Artist award at the BRIT Awards 2012 in London on February 21, 2012. This morning global markets are digesting the fact that the head of China's central bank will be a no-show at this week's meeting of the International Monetary Fund. The problem seems to be that that meeting is in Japan -- and China and Japan right now are facing off over disputed island territories. CostCo says profits jumped 27 percent last quarter. Whatever other problems there are in the global economy, American demand for 84-packs of toilet paper remains strong. Wal-Mart says sales on layaway are looking strong in advance of the holidays. YUM Brands says KFC is doing just fine in China, thank you very much -- the company raised its financial outlook for the year -- from "good" to "finger lickin' good." Later today the Federal Reserve rolls out the much anticipated "50 Shades of Beige" -- ...
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Let the debate spin begin
Thursday, October 4, 2012 - 10:08 YouTube/Screenshot Big Bird gets crushed by an anvil at the end of the new web video from liberal super PAC American Bridge 21st Century. The super PAC was one of the first outside spenders to put together a debate response. Within hours of the close of the first presidential debate Wednesday night, the liberal super PAC American Bridge 21st Century and the Republican National Committee fired off spin reports. The RNC’s “ Smirk ” shows clips edited together of GOP nominee Mitt Romney criticizing President Barack Obama on the deficit, middle class income, health care and other issues while the camera zooms in on Obama looking down at his notes with his lips pursed and the corners of his mouth slightly turned up. Obama was accused of smugness during a 2008 debate against his then-opponent, Secretary of State Hillary Clinton, and the Romney team alluded to The New York Times last week that Romney’s strategy included “luring the president ...
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