I’m always so excited when Paul Ryan unveils another budget proposal. It’s so much fun, guessing which helpless and vulnerable segment of the electorate he’s going to shaft next!
That they do anything?
Goldman Sachs Group Inc. (GS)’s directors must investigate a former employee’s allegations about a change in the firm’s culture, Jacki Zehner, who was a partner when she left the company in 2002, wrote on her blog.
Zehner said she doesn’t know Greg Smith, the derivatives salesman whose New York Timesop-ed piece blamed Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn for fostering a “toxic and destructive” environment, causing Smith to quit last week. Zehner, who worked at Goldman Sachs for 14 years, wrote that she’s heard from “many people” in the past few years that the firm is emphasizing profits over character.
“These are very serious accusations from a credible person in my view and I hope it does indeed provide a ‘wake-up’ call to the board of directors,” wrote Zehner, who was the first female trader promoted to partner and is married to a former partner. She is now CEO and president of Women Moving Millions, a non- profit supporting the advancement of women and girls worldwide.
“It is the board that is accountable to shareholders and before they take another paycheck I hope they ask a heck of a lot of questions and get honest answers,” Zehner, 47, wrote in her March 16 commentary.
Intel’s former chief on how we can bring jobs back.
Why the violence? Maybe because NYC’s Little Caesar, Michael Bloomberg, simply wanted to remind the world that his Praetorian Guard is ready to resume kicking ass and ignoring Constitutional rights. More here.
Not good news, especially if Romney is the nominee and sucks up the Wall Street cash. (No wonder he’s got that old time Super PAC religion now.)
You don’t suppose the president is desperate enough to, oh, I don’t know, do stuff to help plain old working people that will inspire them to contribute to his campaign, do you? I guess we’ll see:
President Obama is struggling to draw in big-dollar donations, with half as many people writing large checks to his campaign than at this point four years ago.
Obama is outpacing his Republican rivals in fundraising overall, and his advisers have concentrated on amassing small-dollar backers, part of a strategy to get more people invested in the reelection effort. At the end of January, 1.4 million people had donated to the Obama campaign, responding to appeals for contributions as small as $2.
But Obama lags behind Republican front-runner Mitt Romney in finding donors willing to give $2,000 or more — a surprising development for a sitting president, and one that could signal more worrisome financial problems heading into the general election. At this point in the last election cycle, Obama had received such large donations from more than 23,000 supporters, more than double the 11,000 who have given him that much this time. President George W. Bush had more than four times that number of big donations at this point in his reelection.
Democrats see a variety of possible explanations for such a dramatic drop in big-dollar contributions. The ailing economy has dampened fundraising overall. Some wealthy liberals and Wall Street executives alike have grown disaffected with the president over time. And the extended Republican primary has shined a spotlight on a field of potential rivals that many Democrats believe Obama will easily beat.
“Some people think these Republicans are easy marks, and they aren’t taking it as seriously as they need to yet,” said Judy Wise, one of Obama’s “bundlers,” the campaign term for people who host events and gather checks from other donors.
Whatever the reason, Obama appears to be redoubling his efforts to extract bigger contributions from his support base. He has stepped up his fundraising events in recent weeks, taking swings through several different regions for more than 40 events in 2012. On Friday, the president did five events in two states with an expected haul of at least $5.5 million.
Why, it seems like just yesterday that the same thing was happening with the Democratic primary!