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The Motion Picture Association of America is willing to change some of the language to tone-down the controversial, much-maligned Stop Online Piracy Act that it supports, according to a report in the New York Times late Wednesday.
MPAA exec Michael O'Leary said in an afternoon press call that the agency “will come forward with language that will address some of the legitimate concerns,” of those opposed to the bill, including Google, Facebook, Yahoo, Zynga and myriad other Web companies and advocacy groups.
Last night, 60 Minutes aired an interview with former lobbyist Jack Abramoff that describes just how deeply and systemically corrupt the lawmaking process in Washington D.C. is. Here's the sad, sad truth about Congress, straight from the horse's mouth.Read Full Article Comments (15)
The conclusions will probably come as a surprise exactly none of you, but a new study from the International Monetary Fund on the influence of campaign donations and lobbying politics is worth a mention because of the completeness of the research and the authority of its source. Two IMF economists, Deniz Igan and Prachi Mishra, have been examining how the targeted political activities of financial corporations between 1999 and 2006 affected how Congress voted on bills that strengthened or loosened regulation of Wall Street leading up to the 2008 crisis. They found -- surprise! -- that the more the corporations spent on campaign donations and lobbying, the more likely Congress was to vote in favor of deregulation. Furthermore, they found that the money Wall Street spent on lobbying members of Congress who were connected to Wall Street, either from having worked there in the past or through a former staff member who had gone through the revolving door to K Street, had a much stronger effect on their voting than on those who had no Wall Street connectionsRead Full Article Comments (18)
One of the best ways for a corporation to affect government policy is to hire lobbyists with personal connections to the people they will be lobbying. Not surprisingly, this is one of the technique the big financial companies have been using to fight financial reform legislation. Last year, 71% of the lobbyists hired by the six biggest bank-holding companies were former government officials, the Sunlight Foundation's Paul Blumenthal reports.Read Full Article Comments (6)
As the summer of the Democrats' discontent winds to a close, the head count for health care reform in the Senate begins in earnest. One of the key Democratic senators on the fence is Sen. Blanche Lincoln, a member of the Senate Finance Committee and one of the most vulnerable Democrats in the 2010 election. Lincoln jumped into the news today with a quote to a reporter stating her opposition to a public option plan in a health care reform bill. "I would not support a solely government-funded public option. We can't afford that," Lincoln said. The senior Arkansas senator is also the top recipient of campaign contributions from the health industry among senators this year.Read Full Article Comments (7)