Looks like Chris made a boo-boo:
A PandoDaily investigation has discovered evidence that Gov. Chris Christie’s pending deal to award a $300 million pension management contract to a controversial hedge fund is in violation of state anti-corruption laws.
New Jersey state pay-to-play statutes prohibit state contractors from directly or indirectly financially supporting the election campaigns of state officials. Those statutes also explicitly prohibit the use of outside groups or family members to circumvent that ban.
Additionally, separate Department of Treasury rules appear to prohibit public pension contracts from being awarded to investment firms whose employees have made significant financial contributions to political entities organized to operate in New Jersey state elections. Those laws also bar investment firms doing business with the state from making contributions “for the purpose of influencing any election for State office.”
Yet, late last month, the New Jersey State Investment Council moved to award a controversial $300 million investment contract to Chatham Asset Management, despite the fact that Chatham’s principal, and a woman living at his address and sharing his surname, donated more than $50,000 to a Republican election group that oversaw major portions of Gov. Christie’s 2013 re-election operation. The proposed investment is already highly controversial given the hedge fund also reportedly owns a stake in the Atlantic City casino, Revel.
That my output is marginal these days. That’s because something’s wrong with me, and I don’t know what. My thyroid levels are fine, so it’s probably not that. I’m really, really exhausted — as in, after eight hours’ sleep, I wake up and an hour later, I wish I could go back to bed. The last time I felt this bad, it was 1990 or so, and I had Lyme disease. Except that I don’t. All blood work was normal.
And it’s not depression — other than I’m depressed that no one seems to know what’s wrong, and I’m dragging around all day. My brain’s foggy, I have no stamina and even though I go to the gym, I’m not building up any endurance at all. It feels almost as if my muscles stop working — which is what got my attention.
Anyway, that’s why I’m not writing as much. I’m tired, and cranky, and I wish Dr. House would pay me a house call. (And that he took my insurance!)
Apr 18th, 2014 at 1:30 pm by susie
In this clip, economist Paul Krugman tells Bill that America is on the road to becoming a society controlled not by self-made men or women, but by their offspring. “Those of you who talk about the 1 percent, you don’t really get what’s going on. You’re living in the past. You’re living in the ’80s. You think that Gordon Gekko is the future,” he says, referring to the character in Wall Street, who became a symbol of unrestrained greed.
“[R]ight now, what we’re really talking about is Gordon Gekko’s son or daughter. We’re talking about inherited wealth playing an ever-growing role,” he concludes. Watch the entire show to learn more about what the Nobel prize winning economist has to say about Thomas Piketty’s new book, Capital in the Twenty-First Century.