Your daily dose of news and tidbits from the world of money in politics:
O�DONNELL ACCUSED OF PAYING RENT WITH CAMPAIGN FUNDS: Citizens for Responsibility and Ethics in Washington (CREW) has filed complaints with the U.S. Attorney�s Office in Delaware and the Federal Election Commission, asking them to investigate the finances of Tea Party-backed Christine O�Donnell, the Republican U.S. Senate nominee in the First State.
The complaint is outlined in a CREW press release, which states O�Donnell�s former campaign manager, David Keegan, said in a sworn statement that the U.S. Senate candidate paid two months of her rent out of campaign donations in 2009 because she was "out of money." On FEC forms, the expenditures are line-itemized as "expense reimbursements."
The Washington Post talked to O�Donnell, who said the claims are false. She has since said that she is no longer doing national interviews.
In terms of fund-raising, O�Donnell is trailed her Democratic opponent, Chris Coons, as of Aug. 25 -- the date campaign finance reports are last available. Coons has raised upwards of $1.6 million and still has more than $844,000 cash on hand leading up to the election. O�Donnell, through Aug. 25, reported slightly more than $20,000 left from her $376,000 raised.
But unconfirmed reports from the O'Donnell campaign suggest she's raised hundreds of thousands of new dollars since defeating her GOP primary opponent, Rep. Mike Castle (R-Del.), earlier this month. Castle had raised almost $3.5 million and spent $1.5 million of that total by the time of the primary.
GRASSROOTS MOVEMENT GETS BIG SPONSORSHIP: The Tea Party Patriots announced Tuesday a $1 million grant to build local Tea Party groups around the country. The sponsor of the grant remains anonymous, and the funds expire on Election Day, Slate magazine reported.
The funding cannot be used to endorse specific candidates, so organizers say they are still figuring out how to use the money appropriately. Around the country, 2,800 groups are eligible to apply for a grant, which supporters call "fertilizer for the grassroots."
Unlike the big-spending Tea Party Express political action committee (also known as the Our Country Deserves Better PAC) the Patriots, a so-called 501(c)4 organization, focus more on local movements and does not have a PAC of its own, the group�s site shows.
HOW MUCH DID YOUR VOTE COST?: Politics is a game you have to pay to play. However, a new chart by the Washington Post shows that having the most money doesn�t guarantee a "W" in the win-loss column.
The Post has taken the amount of campaign cash major self-funding candidates have raised and divided it by the number of votes they received in the election � essentially generating a number that they call, �dollars per vote.�
An interesting subject is Republican U.S. Senate hopeful, Carly Fiorina of California, who spent $5.5 million up until the primary and received almost a million votes -- giving her the smallest �dollars per vote� spent among candidates studied, with $6 per vote.
Have a news tip or link to pass along? We want to hear from you! E-mail us at press@crp.org.
If you walked into the average bookstore, you'd think that women rule the roost when it comes to personal finance. From Suze Orman's now-classic Women and Money to the more recent (and more colorfully titled) Bitches on a Budget, there's no shortage of do-it-yourself financial advice tailored to women.
Apparently, though, when women make the momentous move from self-help to seeking professional advice about investing and retirement, things go rapidly downhill. A recent study by the Boston Consulting Group revealed that women perceived themselves as receiving wealth management services at a level of quality that is inferior to that received by their male counterparts.
According to the study, women are the key decision-makers when it comes to 27% of the wealth worldwide: that's $20 trillion! But despite the massive chunk of power they wield, 55% of the women surveyed in the study said they felt their wealth manager could do a better job of advising them. Almost a quarter of the respondents said private banks needed "significant improvement" in the services they offer to women.
"The dissatisfaction stems from the unshakable perception that men get more attention, better advice, and sometimes even better terms and deals," according to study co-author Peter Damisch. "We heard this sense of subordination time and time again in our interviews."
This perceived disparity in service arose from several key disconnects in the relationships and communications between women and their financial advisers. Manisha Thakor, Chartered Financial Analyst and women's financial literacy advocate, offers some steps savvy female investors can take to avoid being under-served by their wealth managers and investment advisers:
1. Find your adviser and get your financial education from women-run resources.
The financial services industry is dominated by males and therefore the "DNA is structured around the male experience," Thakor explains, adding that she sees many firms making an effort to change this. Most financial advisers are men, who may not inherently understand the whole-life nature of the average woman's financial plans and needs. They also may have very different communication styles than their women clients.
Thakor recommends women use women-created resources like LearnVest and DailyWorth to educate themselves in order to avoid the intimidation factor when talking about investment products with their advisers. She also encourages women to consult Garrett Planning Network, founded by Certified Financial Planner Sheryl Garrett, to locate a local certified financial planner who works on an hourly-fee-only basis. Taking these steps, Thakor explains, may alleviate the concern expressed by many women in the BCG study that they were not being taken seriously or talked to on the same level as male clients by their financial advisers.
2. Expressly state your ideal career trajectory, then ask how you should alter your investment plans accordingly.
In the BCG study, women stated that their investment advisers fundamentally misunderstood what was actually important to them, and recommended a too-narrow range of inappropriate investment vehicles as a result. Many said their advisers assumed they had a lower risk tolerance than they actually did, or that their advisers focused on short-term results and disregarded their long-term goals, which often included time out to care for a child or parent.
Thakor offers women a script of sorts to remedy this communication disconnect. "Go in and say: "I want to be a mom and I may take X amount of time out of the work force," she advises. Then ask, "How do we adjust how much I need to save and how I should invest to compensate for this?"
3. Start saving early.
Reese Schonfeld: Third Quarter Cable <b>News</b>: Bad <b>News</b> for All <b>...</b>
Could it be that the decline in news viewers is symptomatic of a general and genuine disgust by news viewers who are just fed up with the kind of news being fed to them?
Movie <b>News</b> Quick Hits: Michael Caine Spins 'Inception's' Ending <b>...</b>
Still losing sleep pondering the ending of this summer's smash hit 'Inception'? Can't decide whether it's a dream or reality? Have insomnia over t.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: September 30 <b>...</b>
IN TODAY'S RADIO REPORT: Koala Chlamydia; Coal protests around the world; New Rules for offshore drilling; PLUS: The Governator slams Big Oil and corporate campaign cash ... All that and more in today's Green News Report! ...
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bench craft company rip off
Reese Schonfeld: Third Quarter Cable <b>News</b>: Bad <b>News</b> for All <b>...</b>
Could it be that the decline in news viewers is symptomatic of a general and genuine disgust by news viewers who are just fed up with the kind of news being fed to them?
Movie <b>News</b> Quick Hits: Michael Caine Spins 'Inception's' Ending <b>...</b>
Still losing sleep pondering the ending of this summer's smash hit 'Inception'? Can't decide whether it's a dream or reality? Have insomnia over t.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: September 30 <b>...</b>
IN TODAY'S RADIO REPORT: Koala Chlamydia; Coal protests around the world; New Rules for offshore drilling; PLUS: The Governator slams Big Oil and corporate campaign cash ... All that and more in today's Green News Report! ...
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Your daily dose of news and tidbits from the world of money in politics:
O�DONNELL ACCUSED OF PAYING RENT WITH CAMPAIGN FUNDS: Citizens for Responsibility and Ethics in Washington (CREW) has filed complaints with the U.S. Attorney�s Office in Delaware and the Federal Election Commission, asking them to investigate the finances of Tea Party-backed Christine O�Donnell, the Republican U.S. Senate nominee in the First State.
The complaint is outlined in a CREW press release, which states O�Donnell�s former campaign manager, David Keegan, said in a sworn statement that the U.S. Senate candidate paid two months of her rent out of campaign donations in 2009 because she was "out of money." On FEC forms, the expenditures are line-itemized as "expense reimbursements."
The Washington Post talked to O�Donnell, who said the claims are false. She has since said that she is no longer doing national interviews.
In terms of fund-raising, O�Donnell is trailed her Democratic opponent, Chris Coons, as of Aug. 25 -- the date campaign finance reports are last available. Coons has raised upwards of $1.6 million and still has more than $844,000 cash on hand leading up to the election. O�Donnell, through Aug. 25, reported slightly more than $20,000 left from her $376,000 raised.
But unconfirmed reports from the O'Donnell campaign suggest she's raised hundreds of thousands of new dollars since defeating her GOP primary opponent, Rep. Mike Castle (R-Del.), earlier this month. Castle had raised almost $3.5 million and spent $1.5 million of that total by the time of the primary.
GRASSROOTS MOVEMENT GETS BIG SPONSORSHIP: The Tea Party Patriots announced Tuesday a $1 million grant to build local Tea Party groups around the country. The sponsor of the grant remains anonymous, and the funds expire on Election Day, Slate magazine reported.
The funding cannot be used to endorse specific candidates, so organizers say they are still figuring out how to use the money appropriately. Around the country, 2,800 groups are eligible to apply for a grant, which supporters call "fertilizer for the grassroots."
Unlike the big-spending Tea Party Express political action committee (also known as the Our Country Deserves Better PAC) the Patriots, a so-called 501(c)4 organization, focus more on local movements and does not have a PAC of its own, the group�s site shows.
HOW MUCH DID YOUR VOTE COST?: Politics is a game you have to pay to play. However, a new chart by the Washington Post shows that having the most money doesn�t guarantee a "W" in the win-loss column.
The Post has taken the amount of campaign cash major self-funding candidates have raised and divided it by the number of votes they received in the election � essentially generating a number that they call, �dollars per vote.�
An interesting subject is Republican U.S. Senate hopeful, Carly Fiorina of California, who spent $5.5 million up until the primary and received almost a million votes -- giving her the smallest �dollars per vote� spent among candidates studied, with $6 per vote.
Have a news tip or link to pass along? We want to hear from you! E-mail us at press@crp.org.
If you walked into the average bookstore, you'd think that women rule the roost when it comes to personal finance. From Suze Orman's now-classic Women and Money to the more recent (and more colorfully titled) Bitches on a Budget, there's no shortage of do-it-yourself financial advice tailored to women.
Apparently, though, when women make the momentous move from self-help to seeking professional advice about investing and retirement, things go rapidly downhill. A recent study by the Boston Consulting Group revealed that women perceived themselves as receiving wealth management services at a level of quality that is inferior to that received by their male counterparts.
According to the study, women are the key decision-makers when it comes to 27% of the wealth worldwide: that's $20 trillion! But despite the massive chunk of power they wield, 55% of the women surveyed in the study said they felt their wealth manager could do a better job of advising them. Almost a quarter of the respondents said private banks needed "significant improvement" in the services they offer to women.
"The dissatisfaction stems from the unshakable perception that men get more attention, better advice, and sometimes even better terms and deals," according to study co-author Peter Damisch. "We heard this sense of subordination time and time again in our interviews."
This perceived disparity in service arose from several key disconnects in the relationships and communications between women and their financial advisers. Manisha Thakor, Chartered Financial Analyst and women's financial literacy advocate, offers some steps savvy female investors can take to avoid being under-served by their wealth managers and investment advisers:
1. Find your adviser and get your financial education from women-run resources.
The financial services industry is dominated by males and therefore the "DNA is structured around the male experience," Thakor explains, adding that she sees many firms making an effort to change this. Most financial advisers are men, who may not inherently understand the whole-life nature of the average woman's financial plans and needs. They also may have very different communication styles than their women clients.
Thakor recommends women use women-created resources like LearnVest and DailyWorth to educate themselves in order to avoid the intimidation factor when talking about investment products with their advisers. She also encourages women to consult Garrett Planning Network, founded by Certified Financial Planner Sheryl Garrett, to locate a local certified financial planner who works on an hourly-fee-only basis. Taking these steps, Thakor explains, may alleviate the concern expressed by many women in the BCG study that they were not being taken seriously or talked to on the same level as male clients by their financial advisers.
2. Expressly state your ideal career trajectory, then ask how you should alter your investment plans accordingly.
In the BCG study, women stated that their investment advisers fundamentally misunderstood what was actually important to them, and recommended a too-narrow range of inappropriate investment vehicles as a result. Many said their advisers assumed they had a lower risk tolerance than they actually did, or that their advisers focused on short-term results and disregarded their long-term goals, which often included time out to care for a child or parent.
Thakor offers women a script of sorts to remedy this communication disconnect. "Go in and say: "I want to be a mom and I may take X amount of time out of the work force," she advises. Then ask, "How do we adjust how much I need to save and how I should invest to compensate for this?"
3. Start saving early.
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Reese Schonfeld: Third Quarter Cable <b>News</b>: Bad <b>News</b> for All <b>...</b>
Could it be that the decline in news viewers is symptomatic of a general and genuine disgust by news viewers who are just fed up with the kind of news being fed to them?
Movie <b>News</b> Quick Hits: Michael Caine Spins 'Inception's' Ending <b>...</b>
Still losing sleep pondering the ending of this summer's smash hit 'Inception'? Can't decide whether it's a dream or reality? Have insomnia over t.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: September 30 <b>...</b>
IN TODAY'S RADIO REPORT: Koala Chlamydia; Coal protests around the world; New Rules for offshore drilling; PLUS: The Governator slams Big Oil and corporate campaign cash ... All that and more in today's Green News Report! ...
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Reese Schonfeld: Third Quarter Cable <b>News</b>: Bad <b>News</b> for All <b>...</b>
Could it be that the decline in news viewers is symptomatic of a general and genuine disgust by news viewers who are just fed up with the kind of news being fed to them?
Movie <b>News</b> Quick Hits: Michael Caine Spins 'Inception's' Ending <b>...</b>
Still losing sleep pondering the ending of this summer's smash hit 'Inception'? Can't decide whether it's a dream or reality? Have insomnia over t.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: September 30 <b>...</b>
IN TODAY'S RADIO REPORT: Koala Chlamydia; Coal protests around the world; New Rules for offshore drilling; PLUS: The Governator slams Big Oil and corporate campaign cash ... All that and more in today's Green News Report! ...
bench craft company rip off bench craft company rip off
Reese Schonfeld: Third Quarter Cable <b>News</b>: Bad <b>News</b> for All <b>...</b>
Could it be that the decline in news viewers is symptomatic of a general and genuine disgust by news viewers who are just fed up with the kind of news being fed to them?
Movie <b>News</b> Quick Hits: Michael Caine Spins 'Inception's' Ending <b>...</b>
Still losing sleep pondering the ending of this summer's smash hit 'Inception'? Can't decide whether it's a dream or reality? Have insomnia over t.
Brad Friedman and Desi Doyen: Green <b>News</b> Report: September 30 <b>...</b>
IN TODAY'S RADIO REPORT: Koala Chlamydia; Coal protests around the world; New Rules for offshore drilling; PLUS: The Governator slams Big Oil and corporate campaign cash ... All that and more in today's Green News Report! ...
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