EU plans to send €90 billion aid package to Ukraine in two years, as the Kremlin allocates 40% of its budget for war in 2026. This paints a stark picture of the global landscape, doesn’t it? It’s a tale of two realities: one of generous aid and another of staggering military expenditure. The European Union’s commitment to provide €90 billion in financial assistance to Ukraine over the next two years is a massive undertaking, signifying a strong dedication to supporting the nation during its ongoing struggle.
The contrast with the Kremlin’s financial priorities is striking. News that Russia is allocating around 40% of its budget towards defense-related spending, and potentially even more as the war continues, is truly astounding.… Continue reading
Donald Trump is utilizing his presidency to financially benefit himself, directing campaign funds towards his own businesses. In the ten months since retaking office, the Republican National Committee and MAGA Inc. have spent over $857,000 at Trump’s properties. These expenditures are a part of a larger pattern where various GOP committees and candidates direct funds towards Trump’s businesses. He is also raising substantial sums for his political committees, including $28.1 million for a leadership PAC and $176.9 million for a super PAC.
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Nike co-founder Phil Knight recently donated $3 million to the Bring Balance to Salem PAC, aiming to elect Republicans to the Oregon Legislature, representing his largest single political contribution in the state. This donation significantly boosted the PAC’s cash reserves, bringing the total to $3.93 million. Knight’s support for the PAC reflects his ongoing effort to diminish the Democratic supermajorities in the Oregon Legislature, a trend he began in 2022 with substantial donations. Previously, Knight also contributed to candidates like Betsy Johnson and Christine Drazan during the 2022 election cycle.
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A new investigation published by the Washington Post reveals that a small group of billionaires has significantly influenced the American political system by contributing billions of dollars to elections. Over the past decade, the top 20 billionaire donors spent nearly $5 billion, primarily supporting Republican candidates who often enact policies benefiting their benefactors, such as tax cuts. This trend is exacerbated by Supreme Court decisions like *Citizens United*, which removed campaign finance restrictions. A public survey found that a majority of Americans view this level of spending negatively and believe billionaires have a detrimental impact on society.
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Grammy-winning rapper Pras Michel of the Fugees has been sentenced to 14 years in prison for illegally funneling millions in foreign contributions to Barack Obama’s 2012 reelection campaign. The 52-year-old was convicted on 10 counts, including conspiracy and acting as an unregistered agent of a foreign government, following a trial in which actor Leonardo DiCaprio testified. Prosecutors sought a life sentence, citing the breadth of Michel’s crimes and greed, while his defense argued for a much shorter sentence and will appeal the conviction. Michel obtained over $120 million from Malaysian billionaire Low Taek Jho and attempted to obstruct a Justice Department investigation, leading to the court’s decision.
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Mayor-elect Zohran Mamdani announced on social media that he is seeking donations to fund his transition into office. Having raised $1 million, the campaign needs an additional $3 million to cover expenses like vetting resumes and planning policy implementation. Unlike the campaign, transitions do not receive public matching fees, prompting Mamdani to emphasize his reliance on smaller donations, with an average of $77 per donation so far, in contrast to Mayor Eric Adams’ significantly higher average donation amount. Mamdani hopes to use the funds to ensure a smooth transition, allowing his team to start delivering on day one.
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In response to mounting concerns, Senators Elizabeth Warren and Robert Garcia introduced the Stop Ballroom Bribery Act, targeting apparent corruption surrounding President Trump’s $300 million White House ballroom project. This legislation aims to restrict donations from entities with potential conflicts of interest and prevent quid-pro-quo arrangements, as key donors have business interests before the administration. The bill seeks to ensure transparency by requiring the disclosure of meetings with senior federal officials and the publication of all donations. Furthermore, it imposes pre- and post-donation restrictions, including a two-year cooling-off period for lobbyists and banning anonymous donations, with provisions for enforcement and penalties.
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Responding to President Trump’s solicitation of private funds for a $300 million White House ballroom project, Democrats introduced the “Stop Ballroom Bribery Act.” This bill, sponsored by Senator Elizabeth Warren and Representative Robert Garcia, aims to prevent potential influence peddling and ensure transparency by prohibiting the president from soliciting donations, banning anonymous donors, and establishing a “cooling-off period” for donors lobbying the government. The legislation would also restrict donations from entities with business before the government. Despite facing long odds due to Republican majorities, the bill reflects concerns over potential pay-to-play schemes and seeks to obtain more information about the contributions made to the ballroom project.
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A consumer rights watchdog reports that a majority of the corporations funding the construction of the new Trump White House ballroom already held lucrative government contracts prior to their donations. The report, titled “Banquet of Greed,” reveals that two-thirds of the known corporate donors collectively received $279 billion in federal contracts over five years, with Lockheed Martin accounting for $191 billion of that sum. These contributions, the report argues, create inescapable conflicts of interest as the administration proceeds with the privately financed project while also potentially looking like a down payment on favorable treatment. Additionally, the administration has reportedly worked to keep some donor names off a public list, despite previous promises of transparency.
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The article details how Dashiell Hammett’s experiences in Montana, where he witnessed corporations influencing state government, shaped his views and later his writing. Now, Montanans are proposing the Transparent Election Initiative, aiming to limit corporate involvement in elections. This initiative utilizes the argument that states grant corporations their powers and, therefore, can restrict their influence, as detailed in a paper by Tom Moore. This approach, rooted in historical Supreme Court decisions, could potentially negate the effects of Citizens United by changing state laws governing corporate charters, ultimately pushing public discourse towards more egalitarian politics.
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Matt Underwood 
John Q. Hosedrinker