Tuesday, January 27, 2015

Also in the News: $$$$$$. And Politics

Also in the news: $$$$$$. And money's always anticipated progeny, politics:

1. The billionaire Koch brothers' network of wealthy conservative donors plans to raise $889 million for the 2016 elections, the Washington Post's Matea Gold and Politico's Ken Vogel reported Monday. 
2. The astonishing number is far more than an organized outside group network has ever raised during a political campaign cycle. Indeed, it's more than either the Democratic or Republican Party raised from 2011-2012, according to tallies by the Center for Responsive Politics placing the parties' fundraising at about $800 million each. 
3. Furthermore, unlike donations to political parties, the details of the Koch network's fundraising can be kept secret. The network has many members beyond Charles and David Koch, and while some of their names have leaked to the press, the names of others — and the amounts they contribute — are unknown.

Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen.

Note that though this article on the 80 richest people in the world features an AP photo of several members of the Saudi royal family, including Princess Amira, it also notes that the U.S. tops the list of the richest people in the world, with 35% of those 80 people. And it indicates that 70 of the richest 80 people in the world are men.

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