Posted inMoney and Politics

Video: The Sacramento Squeeze

When California politicians talk about “juice,” they don’t always mean citrus. In Sacramento, the state capital, “juice” often refers to campaign cash and political clout. Our new animated video takes a look at how the speaker of the Assembly, John A. Pérez, squeezes the juice. Guess what? California’s Assembly Democrats pumped $5.8 million into 2012 […]

Posted inMoney and Politics

Gender doesn’t give LA mayoral contender a boost with women donors

Los Angeles mayoral candidates Eric Garcetti and Wendy Greuel have raised almost equal amounts of money from women. In total contributions for the primary and  runoff elections, Greuel has raised .45 million from women compared with Garcetti’s .4 million, according to campaign finance records through May 4.Associated Press photo, Wendy Greuel campaign file photo The […]

Posted inMoney and Politics

California speaker gives Assembly’s juiciest jobs to biggest fundraisers

Assemblyman Chris Holden (left), D-Pasadena, talks to Speaker John A. Pérez during a legislative session at the state Capitol in Sacramento, Calif. The freshman legislator donated 9,000 to Pérez’s targeted 2012 campaigns, and the speaker chose Holden to be majority whip.Max Whittaker / Prime In May 2012 and again in June, Speaker John A. Pérez […]

Posted inMoney and Politics

Interest groups play major role in Democrats’ campaign funds, analysis finds

When they needed political money – to make donations urged by Speaker John A. Pérez and to pay for their 2012 campaigns – Democrats in the California Assembly turned to interest groups with a big stake in state government decisions, a Center for Investigative Reporting analysis shows. For last year’s state elections, Assembly Democrats together […]

Posted inMoney and Politics

How we analyzed Democratic legislators’ fundraising

When Speaker John A. Pérez asked Democrats in the California Assembly to make political donations, how did lawmakers respond? Were lawmakers who gave large sums rewarded with powerful positions in the new Legislature? What were the outcomes for lawmakers who didn’t give? For this report on campaign finance dynamics during the 2012 state election, the […]

Posted inMoney and Politics

Error claims cast doubt on Bank of America foreclosures in Bay Area

Joji Thomas was desperate to save his home. The San Francisco mechanical engineer sold his car, tapped into his wife’s savings and begged friends for money. In July, to stave off foreclosure, he bought a $27,777.85 cashier’s check and mailed it to Bank of America.  Joji Thomas (right) directs movers as he packs up his […]

Posted inMoney and Politics

Subsidiaries handling foreclosures pay off for Bank of America

Bank of America has found a way to make money through foreclosures by using a complicated web of subsidiaries. The process begins with a company called ReconTrust, which handles 1 in 5 Bay Area foreclosures. Charlotte, N.C.-based Bank of America plays the largest role of any bank in Bay Area foreclosures. From July 2008 through October, […]

Posted inMoney and Politics, National Security

Government secrecy orders on patents keep lid on inventions

This photo illustration is based on James Greer’s patent application for technology that could detect objects, including stealth aircraft. He lived under a secrecy order for eight years.Jaena Rae Cabrera/Center for Investigative Reporting More than 10 years ago, Robert Gold sought to do what many Americans have dreamed of their whole lives: patent an idea. […]

Posted inMoney and Politics

Corporations, free-market nonprofits foot bill for judicial seminars

Conservative foundations, multinational oil companies and a prescription drugmaker were the most frequent sponsors of more than 100 expense-paid educational seminars attended by federal judges over a 4 1/2-year period, according to a Center for Public Integrity investigation. Among the seminar titles were “The Moral Foundations of Capitalism,” “Corporations and the Limits of Criminal Law” […]