$4 million to $7 million
Amount that a single trader lost in the final weeks of the 2012 election placing 1.2 million Intrade bets on Mitt Romney, according to a new academic paper examining presidential betting — perhaps to “make the Republican nominee’s chance of victory appear brighter,” the Wall Street Journal reports.
Late last week, the Minneapolis Post and other outlets reported that the FBI has now joined the investigation into alleged corrupt activities by Tea Party Caucus Chairperson Michele Bachmann during her failed presidential campaign last year: The FBI joins the Office of Congressional Ethics, the Federal Elections Commission and an Iowa state Senate ethics committee [...]
It seemed to come as a great shock when it was recently revealed that the Internal Revenue Service (IRS) examines some taxpayers more closely than others. Really? Because no one has ever objected to the IRS targeting some tax returns for audit. Among them: Millionaires (in fiscal 2011, the IRS audited 12.5% of them) People [...]
For the sake of argument, let’s say there are no coincidences in this world (an idea otherwise known as Trish’s Law of No Coincidences). If you disagree, then please explain to me how Americans choose the name “Hope” for the young Clydesdale featured in the 2013 Budweiser Super Bowl ad, which was born the weekend [...]
As the country gathers tonight to watch the big game — and the million dollar ads — let’s not forget this little gritty little ditty from only one year ago. The ad was widely misinterpreted as Clint Eastwood endorsing the Obama administration’s decision to bail out Chrysler (and GM), despite many Republicans, including eventual presidential [...]
Although California’s new online voter registration system did not open until September last year and was only available for 45 days, it accounted for more than half of the 1.4 million new voters who registered in advance of the November elections. The number of registered Republicans in California dropped below 30 percent for the first [...]
We’ve heard it before. “Compassionate conservatism” springs to mind. But the GOP’s search for reasons behind the trouncing it took in the 2012 elections will continue to prove fruitless as long as the party keeps coming up with the reassuring but false answer that they just need to improve their talking points. Steve Benen, on [...]