Skip to content
Search

Latest Stories

Follow Us:
Top Stories

Four takeaways from Biden’s experiment with fundraiser transparency

Four takeaways from Biden’s experiment with fundraiser transparency
Spencer Platt / Getty Staff

Reacting to criticism about the wave of big-money donors who have fueled his campaign, Joe Biden is allowing reporters into his fundraisers.

The former vice president's effort at transparency is designed to mollify Democratic voters worried about the pernicious effects that millionaires' cash can have on campaigns. And it creates some contrast with most of his presidential rivals, who are doing most of their fundraising from behind a curtain – by focusing on fundraising online and in smaller amounts not subject to disclosure.

The see-through nature of Biden's money machine is not comprehensive: Cameras are not allowed to film inside the mansions where the big donors mingle, some of the schmoozing is kept off limits, and it's "pool coverage" only, meaning a single reporter gets inside to take notes of the speeches and the atmospherics and that reporting is then shared for the rest of the press corps to use.


Still, those pool reports do peel back the curtain a bit on what goes on inside exclusive gatherings where donors pay thousands of dollars to get up close and personal with a top-tier national candidate. Four things that have become clear from the first handful of Biden events where the doors have been cracked ajar:

  1. The price may be steep, but at least the food is good. At the Los Angeles home of media executive Joe Waz and Cynthia Telles, who serves on boards affiliated with Kaiser Permanente, attendees were treated to ahi tuna ceviche and avocado, langoustine tail, and caviar.
  2. Just because the events are behind closed doors does not mean the public can't be heard. At the Telles-Waz event, about a dozen protesters from the union representing Kaiser's mental health clinicians could be heard chanting: "Kaiser, Kaiser, you can't hide: We can see your greedy side."
  3. The events don't lack for irony. In a swanky private room at the NoMad casino in Las Vegas, the hosts were MGM chief executive Jim Murren and his wife, Heather, an investor and former Wall Street analyst. Before introducing Biden, she lamented that "capitalism has been morphed into a system that concentrates wealth." At a breakfast gathering at an exclusive downtown Los Angeles social club, Biden lamented the Trump tax cut, widely seen as favoring the wealthy. "This God-awful tax cut – even though it may have benefited some of you – the God awful tax cut has not helped anybody who's real, anybody out there breaking their neck trying to figure out how to make the next meal."
  4. Joe is still Joe, no matter where he is. For the most part, Biden gave these high-dollar donors a version of the same stump speech he is giving to the huddled masses. And of course, he had to throw in references to the wisdom imparted by his grandfather: "Joey, keep the faith." And his grandmother: "No, Joey: Spread it. Go spread the faith."

Read More

house with red door
Cozy house with red door under a blue sky

Massive Racial Wealth Gap for Massachusetts Latino Families

BOSTON — A comprehensive statewide report released by the Federal Reserve Bank of Boston has exposed a staggering racial wealth gap in Massachusetts, revealing that Latino families hold a median net wealth of just $1,200.

The landmark study, titled “Family Wealth in Massachusetts,” indicates that despite the Commonwealth ranking near the top of national measures for median income, economic security remains profoundly stratified along racial lines. The findings show that the median net wealth of White families in the state stands at $549,200—an amount 458 times greater than that of typical Latino households.

Keep ReadingShow less
data server

Abstract image of a futuristic server with light blue and green LED lights.

Getty Images

The One Thing Both Sides of the Data Center Fight Already Agree On

In Festus, Missouri, a town that gave Donald Trump 67 percent of its vote, residents have filed to recall the mayor and three council members over a $6 billion data center. In New York, a Democratic governor has signed the first statewide moratorium on new ones. Across seven states, at least 33 recall campaigns are targeting as many as 58 local officials for the same reason, and the reason is not a party. It is a building.

That makes data centers the rarest thing in American politics right now: an issue where the folding chairs in a red county and a blue one are filled with people saying the same words. They are not saying "no technology." They are saying the box across the road raises their power bill, drains their water, takes the farm, and was negotiated behind a nondisclosure agreement before anyone in town knew its name. In Luther, Oklahoma, the moratorium passed only after word leaked that the mayor had been in closed talks with a developer for months. The anger is not about servers. It is about being handed a decision that was already made.

Keep ReadingShow less
​Young adult woman accessing artificial intelligence

Young adult woman accessing artificial intelligence, managing digital information, and exploring future technology within an office setting

Getty Images

When One Person Can Do the Work of a Team

The harder question is how many capable people organizations will need. My latest lesson about artificial intelligence did not come from a research report or technology conference. It came from running the Security and Sustainability Forum.

Until recently, I depended heavily on an assistant to manage much of the website and webinar production process. Now I can do many of those tasks myself with Claude and ChatGPT. They help me develop content, revise web pages, solve technical problems, and manage projects that once required considerably more human support.

Keep ReadingShow less