Join 3,553 readers in helping fund MetaFilter (Hide)

52 posts tagged with money and politics. (View popular tags)
Displaying 1 through 50 of 52. Subscribe:

Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Some are red. Some are blue. All are green.

Greenhouse is a browser app for Firefox, Chrome, and Safari that allows you to mouse over any Congressperson's name in your browser to reveal where their campaign money comes from. [more inside]
posted by sockermom on Jun 24, 2014 - 23 comments

Mayday, Mayday, democracy in danger . . .

The Mayday SuperPAC. Yesterday Lawrence Lessig announced the launch of the Mayday SuperPAC, "The SuperPAC to end all SuperPACs." Its ultimate goal is to achieve constitutional campaign finance reform. They've set out specific funding goals--$1 million in 30 days, $5 million in the next 30--which will be matched by Lessig and other (currently) anonymous funders once achieved. Their initial goal is to influence races in five House districts and if successful they hope to expand in 2016.
posted by schroedinger on May 2, 2014 - 94 comments

Evenly distribute the future: Issuing more bio-survival tickets

VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
posted by kliuless on Apr 18, 2014 - 20 comments

Affluence and Influence

Gilens and Page analyze 1,779 policy outcomes over a period of more than 20 years. They conclude that “economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence.” Average citizens have “little or no independent influence” on the policy-making process? This must be an overstatement of Gilens’s and Page’s findings, no? Alas, no... (pdf)
posted by anazgnos on Apr 12, 2014 - 34 comments

Aggregate Demand Management: "pass a law allowing the Fed to cut checks"

Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
posted by kliuless on Mar 16, 2014 - 19 comments

London Calling

Britain will betray the United States and Ukraine to keep laundering dirty Russian money. "The city has changed. The buses are still dirty, the people are still passive-aggressive, but something about London has changed. You can see signs of it everywhere. The townhouses in the capital’s poshest districts are empty; they have been sold to Russian oligarchs and Qatari princes."
posted by four panels on Mar 8, 2014 - 67 comments

A government of the many, not a government of money

The “Government by the People Act”, proposed by N. Pelosi and J. Sarbanes in a WP op-ed, is presented as one of the first concrete steps towards the removal of the influence of quasi-unlimited money in US politics. The act doesn’t limit the amount of money that corporations, PACs, etc can pay but rather takes the opposite approach, by encouraging and subsidizing citizen participation. The influence of money on American politics has exploded since the Citizens United ruling… resulting in often disturbing bias. [more inside]
posted by Riton on Feb 5, 2014 - 52 comments

I Have a Chinese Banknote That Everyone in China Is Scared Of

In China, there are certain "bad notes" that frighten people and are refused as legal tender. Why?
posted by reenum on Jan 16, 2014 - 77 comments

Where Are the People?

The waning influence of evangelical Christianity can be seen through the story of Orange County's Crystal Cathedral.
posted by reenum on Dec 16, 2013 - 59 comments

McCutcheon v. FEC

Supreme Court to consider lifting campaign contribution limits. Reversing McCutcheon v. Federal Election Commission would allow unlimited individual campaign contributions.
posted by kliuless on Oct 7, 2013 - 101 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

"Victory as recorded on those screens made them feel like Masters of the Universe."

Eunuchs of the Universe: Tom Wolfe on Wall Street Today: [Daily Beast]
"As America teeters on a cliff, Tom Wolfe draws up a sterling indictment of our unscrupulous financial culture. Twenty-five years after Bonfire of the Vanities, the author returns to Wall Street to see what happened to the Masters of the Universe."

posted by Fizz on Jan 4, 2013 - 35 comments

Money, Power and Politics

In last night's episode of Independent Lens on PBS, filmmaker Alex Gibney presented the case that America's richest citizens have "rigged the game in their favor," and created unprecedented inequality in the United States. "Park Avenue: Money, Power and the American Dream" [video, website]
posted by nowhere man on Nov 13, 2012 - 51 comments

What's wrong and how to fix it.

It’s not as though as a society we have become that much stupider than our forbears; it’s because we have become that much more corrupt.

Adam Garfinkle
discusses American political dysfunction in one, two, three parts.
posted by Shit Parade on Oct 27, 2012 - 13 comments

“A Republic, if You Can Keep It”

"[T]he corrupting influence of money is the first problem facing this nation. That unless we solve this problem, we won’t solve anything else... The Framers, Lessig says, had just one kind of dependence in mind for members of Congress: a dependence on the people. He quotes The Federalist (the then-anonymous essays by Alexander Hamilton, James Madison, and John Jay that are often used as a contemporary account of the Framers’ intentions) to make this point: number 52 describes the House of Representatives as that “branch of the federal government which ought to be dependent on the people alone” (emphasis added). But in the last two decades, Lessig writes, members of Congress have developed a fearsome dependency: campaign cash. The total amount spent on campaigns by all candidates for Congress in 2010 was $1.8 billion. Fundraising has become a way of life..." (via 3 Quarks Daily)
posted by caddis on Aug 1, 2012 - 48 comments

"Whereas the left is always in danger of talking itself into the ground."

What's also obvious is that this phase of Occupy, with talk of credit unions and occupying the SEC, while eminently worthy, is also kind of boring, especially when compared to the thrill of Occupy's park phase. Some, though, are ready to move on. "It's easy to go back to the park occupation and fetishize it, in a way," says Occupy Chicago's Brian Bean. "I prefer not to run a mini-society – I want to run society." - The Battle For The Soul Of Occupy Wall Street - Rolling Stone - Mark Binelli.
posted by The Whelk on Jun 30, 2012 - 193 comments

the dawn of a Star Trek generation

In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
posted by kliuless on Jun 22, 2012 - 117 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

83% male with an average net worth of $5 million

What Congress Would Look Like If It [Demographically] Represented America (full size infographic). Net worth of lawmakers (related, previously).
posted by OverlappingElvis on Apr 21, 2011 - 72 comments

It's the Inequality, Stupid

Eight charts that explain everything that's wrong with America from Motherjones.com
posted by blue_beetle on Feb 22, 2011 - 103 comments

Public Policy, Political Organization, and the Precipitous Rise of Top Incomes in the United States

Winner-Take-All Politics [1,2] (PDF) - "The sources of American economic inequality are largely political – the result of deliberate political decisions to shape markets in ways that benefit the already-privileged at the expense of a more-or-less unaware public." (via bd) [more inside]
posted by kliuless on Oct 21, 2010 - 47 comments

Be it resolved that financial 'innovation' does not boost economic growth

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

Adnan's World

Adnan Khashoggi was one of the high society news makers in the 80's, considered by some to be on Donald Trump's level. While things have gone alright for the Donald, Khashoggi hasn't done as well... [more inside]
posted by reenum on Dec 14, 2009 - 19 comments

it's good to be a banksta

Simon Johnson on Bill Moyers [1] (and, prolifically, making the public media rounds on npr [2]) tackling the bailout of the American Oligarchs, a.k.a. banksters... [more inside]
posted by kliuless on Feb 14, 2009 - 16 comments

AAA?

Anatomy of a Meltdown - Ben Bernanke and the financial crisis (in one page)
posted by Gyan on Nov 24, 2008 - 61 comments

Prop. 8 is a money boon

While millions are flowing into California on both sides of the gay marriage battle, California's anti-gay leaders are raking it in through their nonprofit orgs.
posted by nospecialfx on Sep 9, 2008 - 80 comments

Who wants to be a millionaire?

Many people are up in arms (heh) over the Supreme Court's decision regarding gun control, but rather less press is being given to another opinion handed down today: Davis v. FEC. The issue was the constitutionality of the "Millionaire's Amendment", which allowed for political candidates facing self-funding challengers who intended to spend more than $350,000 to raise more money from individual donors than they would otherwise be allowed to do. In a 5-4 decision, the court found the law unconstitutional. [more inside]
posted by Bromius on Jun 26, 2008 - 16 comments

Stories of where US stimulus checks are going

HowISpentMyStimulus.com In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. We hope this website helps shed some light on where the stimulus money is going.
posted by ThePinkSuperhero on May 31, 2008 - 77 comments

$3 Trillion Shopping Spree

The $3 Trillion Shopping Spree. "The occupation of Iraq will cost $3 trillion, America's most expensive conflict since WWII. Can YOU spend that money better? Here's your chance to go on a virtual $3 trillion shopping spree and prove it!" [Via Gristmill.]
posted by homunculus on May 10, 2008 - 66 comments

What's the difference between Democratic and Republican congressmen? $55,000.

Want to live it up at the U.S. party conventions and get access to Senators and Congressmen? USA Today has posted the campaign committee price lists:
Democratic Senate and Congress
Republican Senate and Congress

If you've got the dough, you may conveniently request a convention package online from the Democratic Senatorial Campaign Committee. The National Republican Congressional Committee and the NRSC have other price lists on their sites, but it seems like the DSCC and DCCC sites keep theirs under wraps.
posted by TheOnlyCoolTim on May 1, 2008 - 10 comments

Inflation in Zimbabwe

Inflation in Zimbabwe recently reached 160,000%. Get in on the ground floor now by purchasing a $50,000,000 bill (currently selling for 20,000x its value). Dare to become a millionaire!
posted by splatta on Apr 7, 2008 - 93 comments

Economic Consequences

The Economic Consequences of Mr. Bush. "The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup." [Via Firedoglake.]
posted by homunculus on Nov 18, 2007 - 70 comments

$9 billion missing

Billions over Baghdad. "Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled."
posted by homunculus on Sep 27, 2007 - 50 comments

Mo' money, mo' legislation

Is there a link between donations given and bills passed? MAPLight.org aims to help you find out, giving you the ability to compare contributions with how legislators voted. [Via]
posted by djgh on Aug 15, 2007 - 38 comments

"50% of all Saudi fighters in Iraq come here as suicide bombers"

The "same people who attacked us on 9/11"? It may be the very latest talking point from the Administration, but it's actually true--altho it's not Al Qaeda in Iraq, but Saudis. Although Bush administration officials have frequently lashed out at Syria and Iran, accusing it of helping insurgents and militias here, the largest number of foreign fighters and suicide bombers in Iraq come from a third neighbor, Saudi Arabia ... A historical note: 15 of the 19 hijackers on 9/11 were Saudis.
posted by amberglow on Jul 16, 2007 - 84 comments

When Scientists Go Bad

When Scientists Go Bad
posted by MetaMonkey on Oct 27, 2006 - 26 comments

How Rich is Too Rich For Democracy?

How Rich is Too Rich For Democracy? At what point does great wealth held in a few hands actually harm democracy, threatening to turn a democratic republic into an oligarchy? It's a debate we haven't had freely and openly in this nation for nearly a century, and last week, by voting to end the Estate Tax, House Republicans tried to ensure that it wouldn't be had again in this generation. But it's a debate that's vital to the survival of democracy in America. In a letter to Joseph Milligan on April 6, 1816, Thomas Jefferson explicitly suggested that if individuals became so rich that their wealth could influence or challenge government, then their wealth should be decreased upon their death. He wrote, "If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree..."
posted by mk1gti on Apr 20, 2005 - 65 comments

$$$...

Social Security Benefit Cuts Calculator. As President Bush barnstorms the country for Wall Street, you can find out what effects the proposed changes will have on your current benefits.
posted by Mean Mr. Bucket on Feb 17, 2005 - 61 comments

SS Trust Fund

Yesterday President Bush said, "Some in our country think that Social Security is a trust fund -- in other words, there's a pile of money being accumulated. That's just simply not true. The money -- payroll taxes going into the Social Security are spent." Is he advocating that the US default on its Treasury bonds?
posted by Sixtieslibber on Feb 10, 2005 - 115 comments

Send me someplace sunny...

Campaign Contributions and U.S. Ambassadors
In 1972 President Nixon appointed thirteen noncareer ambassadors to Western European countries; eight of them had contributed at least $50,000 to his reelection campaign...(-Source, scroll to item 2.)
In 1980 a federal law was created to combat this, stating that ambassadors must "possess clearly demonstrated competence, including, to the maximum extent practicable, a useful knowledge of the principal language or dialect of the country in which the individual is to serve, and knowledge and understanding of the history, the culture, the economic and political institutions and the interest of that country and its people. … Contributions to political campaigns should not be a factor in the appointment."
Currently 1/4 to 1/3 of U.S. Ambassadors are noncareer appointees, not experienced diplomats, causing criticism since the attacks on the Pentagon and the World Trade Center. Critics point out that neither the Pentagon, the CIA nor any other U.S. government agency must shoulder the burden of a significant cadre of "nonprofessionals" encumbering senior field positions. (-Source.)

HERE is the current tally of Embassy Row and their campaign contributions, including Clark Randt, Jr, former Geo W Yale fraternity brother who defended Bush against drug allegations during Bush's last campaign. "Rangers" and "Pioneers" abound. Mauritius is sunny, tropical, and expensive. (Inspired by this AskMe question.)
posted by Shane on Oct 14, 2004 - 14 comments

campaign contributions

Who is funding a candidate and for how much. You can search by name or zip code to find out. Here is a link to prominent pittsburgh people that have contributed.
posted by Raichle on Sep 29, 2004 - 15 comments

It's just money

What's a bigger waste of taxpayer money: Throwing a concert in a tunnel for a public works project years late and over budget or putting on a New Year's fireworks display for TV cameras only?
posted by MediaMan on Dec 9, 2003 - 23 comments

Fundrace

Fundrace. Innovative rankings and maps about presidential candidates. The maps are especially cool.
posted by monju_bosatsu on Nov 10, 2003 - 14 comments

Political Contributions

Who gives how much to whom. For those like me who have been wondering about the claim that Republicans get more of their funding from ordinary people and the Democrats get more from foundations and rich individuals here is where we can find out. So far, I have found some surprises.
posted by donfactor on Nov 5, 2003 - 36 comments

It's fun to watch your tax dollars put politicians in office.

It's fun to watch your tax dollars put politicians in office. "Cheney has been the White House road warrior this year, hauling in more than $22 million for Republicans in 74 campaign appearances"
posted by the fire you left me on Oct 23, 2002 - 14 comments

About Face: The Role of the Arms Lobby In the Bush Administration's Radical Reversal of Two Decades of U.S. Nuclear Policy.

About Face: The Role of the Arms Lobby In the Bush Administration's Radical Reversal of Two Decades of U.S. Nuclear Policy. A detailed look at their relationship and the influence of the defense industry on the policies which they profit from.
posted by homunculus on Aug 13, 2002 - 7 comments

President Bush signed the campaign finance reform bill

President Bush signed the campaign finance reform bill today. Sen. Mitch McConnell, R-Ky immediately filed a lawsuit to stop the bill. Campaign finance reform is one of the most widely popular bills with over 75% of voters supporting it. Why are some legislators so desperate to stop it? Maybe it's because television broadcasters don't want to lose the money paid to air political commercials.
posted by patrickje on Mar 27, 2002 - 22 comments

Enron's historical precidents.

Enron's historical precidents. This L.A. Times article discusses the historical precidents to the Enron debacle. My favorite (among lots of good stuff):

"Like Enron, ITT was a big campaign contributor. But Geneen's idea of how to use political influence made Lay and associates look like choir boys. In 1970, the company offered Republicans $1 million and consulted heavily with the Nixon White House and the CIA when Chile's new socialist president, Salvador Allende, threatened to seize the ITT-owned Chilean Telephone Co. Allende was overthrown with U.S. aid."
posted by electro on Feb 22, 2002 - 9 comments

Page: 1 2