Hedge fund Billionaire Bill Ackman targets Harvard's Claudine Gay in controversial campaign | WION
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Bill Ackman is the CEO and Portfolio Manager of Pershing Square Capital Management, L.P., an SEC registered investment adviser founded in 2003. Pershing Square is a concentrated research-intensive fundamental value investor in long and occasionally short investments in the public markets. Prior to forming Pershing Square, Mr. Ackman co-founded Gotham Partners Management Co., LLC, an investment adviser that managed public and private equity hedge fund portfolios. Prior to Gotham Partners, Mr. Ackman began his career in real estate investment banking at Ackman Brothers & Singer, Inc. Mr. Ackman received an MBA from the Harvard Business School and a Bachelor of Arts magna cum laude from Harvard College.
Mr. Ackman is Chairman of The Howard Hughes Corporation (NYSE:HHC) and a member of the board of Universal Music Group N.V. (NA:UMG). He serves as a member of the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York, and a member of the Board of Dean’s Advisors of the Harvard Business School.
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Biden challenger Dean Phillips faces FEC complaint lodged by left-wing group
Watchdog group Campaign for Accountability alleges Democratic presidential candidate Dean Phillips' campaign improperly coordinated with a super PAC
A left-wing watchdog group has accused the presidential campaign of Rep. Dean Phillips, D-Minn., of illegally coordinating with a super PAC.
Campaign for Accountability on Wednesday announced that it has filed a complaint with the Federal Elections Commission (FEC), demanding an investigation into Phillips' campaign, the super PAC Pass the Torch USA Inc. and former Republican strategist Steve Schmidt for alleged violations of federal election law.
The complaint alleges that Schmidt flouted election regulations when he formed Pass the Torch USA Inc. just two weeks after leaving an advisory role with the campaign. The non-profit organization asserts evidence "strongly suggests" that he made $450,000 in coordinated communications with the campaign.
Campaign for Accountability claims the PAC falsely reported the communications as an independent expenditure and "failed to disclose as in-kind contributions."
DEMOCRAT DEAN PHILLIPS ATTACKS BIDEN FOR TRYING TO UPEND TRADITIONAL PRIMARY ELECTION PROCESS
"Candidates and their committees cannot coordinate strategy with super PACs. When the architect of the Phillip’s campaign suddenly moves over to lead a super PAC supporting Phillip’s candidacy the moment the ink on the blueprint is dry, the coordination is clear," said Michelle Kuppersmith, Campaign for Accountability executive director.
The FEC complaint was first reported by Axios.
In a statement, the Phillips campaign called the allegations "baseless."
DEAN PHILLIPS CALLS BIDEN POSSIBLY ‘UNELECTABLE’ IN 2024 AFTER GOP IMPEACHMENT INQUIRY
"The complaint is baseless and does not allege a single specific example of coordination," a campaign spokesman told Fox News Digital. "All it takes is one look at our paid TV ads to see how different the strategies of these two entities are. Regardless, we can say without question that the campaign has at all times complied with the law and has not engaged in any coordination with Pass the Torch, Steve Schmidt or any other party."
Campaign for Accountability noted that Pass the Torch ran an ad campaign that echoed themes from Phillips' campaign, including the message "It's time to pass the torch to a new generation of American leaders." The group said this message was developed by Schmidt for Phillips, who is challenging President Biden for the 2024 Democratic presidential nomination.
"If the communications by Pass the Torch had been created, produced or distributed after substantial discussions between Schmidt and Phillips, it would constitute a prohibited coordinated communication," the group said.
The complaint suggests that alleged improper coordination between Pass the Torch and the Phillips campaign may have violated FEC rules against accepting prohibited contributions and reporting requirements for in-kind contributions.
"The FEC should immediately investigate whether Schmidt, Pass the Torch, and Dean 24 violated the law and, if so, seek appropriate sanctions," Kuppersmith said.
Phillips launched his long-shot bid to challenge Biden in October but so far has not gained much traction in the polls against the incumbent president.
David M. Shribman: The real power of the write-in campaign
CONCORD — There is a phony political contest going on here, just below the radar, that Joe Biden can only lose.
He almost certainly won't; but there's danger anyhow in the companion to the bruising New Hampshire primary, where four Republicans are desperately trying to defeat a former president, Donald Trump, but probably won't.
Biden's allies — mostly establishment Democratic figures, some of whom might welcome his withdrawal — are ramping up a write-in campaign in New Hampshire to permit him to prevail in a contest that he says shouldn't matter and that he took steps to ensure wouldn't matter — unless of course he loses.
Months ago, the president, who finished fifth here in 2000, ordered Democrats to begin their primary contests in South Carolina rather than New Hampshire, which has held the first primary for more than a century. Thus the results of this month's contest won't count in the struggle for delegates at the Democratic convention.
But he, or rather his surrogates, are competing anyway. Just the other day, Gov. J.B. Pritzker of Illinois — ssshhhh! He might run for president if Biden demurs — sent out an appeal to Democrats arguing this write-in campaign was "truly, vitally important."
This is a big risk, even if Biden's opponents are the self-help author Marianne Williamson and little-known Rep. Dean Phillips of Minnesota. New Hampshire will allow pretty much anyone to vote in the GOP primary, and Trump opponents might be happier casting a ballot for former Gov. Nikki Haley than a meaningless write-in for Biden.
And then there is the 1968 flashing caution light.
President Lyndon Johnson didn't compete in New Hampshire then, but a similar write-in campaign was underway anyway. Johnson's team was worried enough to conduct private polls that suggested his lone opponent, Sen. Eugene McCarthy of Minnesota, might manage 18%. "I never allowed my name to go on the ticket in New Hampshire," the president said later in an oral history for his presidential library. "If I had, I have no doubt that I would have won New Hampshire 2-to-1."
But he didn't, and he didn't.
McCarthy came within 230 votes of defeating Johnson.
There was trouble for LBJ from the start. "He had never spent a winter's morning standing outside the Brown Paper Co. in Berlin greeting workers arriving for their shift," Charles Brereton wrote in his 1987 "First in the Nation." "Nor had he ever strolled up and down a Main Street greeting shoppers or merchants."
Two days before the primary, Johnson bid Lady Bird to their bedroom. He had gone for a nap but couldn't sleep. Maybe it was because of the conversation the couple had had earlier in the day. She asked him, not in a querulous way but in a curious way, "Suppose someone else were elected president, what could 'X' do that you could not do?"
Johnson's answer: "He could unite the country and start getting some things done. That would last about a year, maybe two years."
In her diary, Mrs. Johnson engaged in deep reflection. "I think that is what weighs heaviest on Lyndon's mind. Can he unite the country, or is there simply too much built-up antagonism, division, a general malaise, which may have the Presidency — or this President — irrevocably as its focal point?"
A month earlier, U.S. News and World Report had said, "At this point, there is just one near certainty about the '68 elections ... Lyndon Johnson, health permitting, will be the Democratic nominee." Chicago Daily News columnist Carl Rowan wrote at about the same time that the chances that the president wouldn't run "can't be better than a million to one."
The Johnsons — husband and wife, daughters Lynda and Luci — had discussed the trajectory of the presidency frequently, repeatedly vetting the question of whether they might leave the White House at the end of Johnson's first term, in January 1969. Mrs. Johnson was clear-eyed about it; one full term was enough. Luci worried about her father's health. Lynda preferred that he demur. As early as September 1967, 14 months before the election, press secretary George Christian was noodling around with a withdrawal statement. Gov. John Connolly was recruited to help.
Johnson shared his doubts about another term with, among others, Secretary of State Dean Rusk and Secretary of Defense Robert McNamara. The president was preoccupied with the question of whether the American combatants in Vietnam would feel let down. Gen. William Westmoreland assured him they wouldn't.
Meanwhile, Horace Busby was working on the language the president might use to announce such a decision, perhaps during his State of the Union Address. Many years ago, Busby, who had become a very good source of mine, told me that he wasn't sure whether Johnson would use that occasion. In the event, the president forgot to bring the statement with him to the Capitol.
On March 31, in a nationally televised address on Vietnam, he said: "With America's sons in the fields far away, with America's future under challenge right here at home, with our hopes and the world's hopes for peace in the balance every day, I do not believe that I should devote an hour or a day of my time to any personal partisan causes or to any duties other than the awesome duties of this office."
He said in his memoir: "I had used the power of the Presidency proudly, and I used every ounce of it I had. I used it to establish programs that gave thousands of youngsters a head start in school, that enabled thousands of old folks to live in clean nursing homes, that brought justice to the Negro and hope to the poor, that forced the nation to face the growing problems of pollution."
He continued, in language that might give Biden jitters, or courage:
"In this exercise of power, I knew a satisfaction that only a limited number of men have ever known, and that I could have had in no other way. Men, myself included, do not lightly give up the opportunity to achieve so much lasting good, but a man who uses power effectively must also be a realist. He must understand that by spending power, he dissipates it."
A botched write-in campaign helped nudge Johnson out of a reelection campaign. It could happen again. It probably won't, but it could.
•••
David M. Shribman is the former executive editor of the Pittsburgh Post-Gazette.
Gary Franks: ‘Where have you gone Joe DiMaggio?’ or Clinton, Bush, and Obama
I am
asking the living and healthy past presidents of the United States,
except for Donald Trump (a presidential candidate) to step up, help, and
contribute to America again as advisors or as prominent and experienced
Americans who can influence others. Unconventional times warrant
unconventional solutions.
Long after leaving office former Secretary of State Henry Kissinger continued to advise our nation’s leaders until his death last year at the age of 100. He did so privately, at times publicly, and always respectfully.
Some of the lyrics to Simon and Garfinkel’s hit song Mrs. Robinson go like this, “Where have you gone Joe DiMaggio? Our nation turns its lonely eyes to you.” Well, where have you gone former Presidents Bill Clinton, George W. Bush, and Barack Obama?
Admittedly, each of you have had your detractors, but the following two things are undeniable about you:
1. You kept us from being on the verge of World War III. We did not have two areas of the world with conflicts that could easily escalate (like we do now – Eastern Europe and the Middle East).
2. When you all were in office, we did not have a total disaster at our southern border with Mexico. From any objective observer’s perspective, today that border is like a Trojan Horse, disguising an unarmed but war-like invasion.
The record is clear. Since President Joe Biden entered the White House, an unprecedented number – millions perhaps – have crossed over our border illegally. More than 100,000 Americans have been killed by Fentanyl in a single year because of drug trafficking along the border. Gang-related activities in our cities, fueled by what’s happening on the border, have taken the lives of countless people as well.
Let us not forget, the cost of caring for illegal immigrants comes from money we do not have. Funds are borrowed and added to our $34 trillion national debt and are crippling our major cities and border states.
Unlike any other time in U.S. history, we have challenges before us that drastically need all the talent and brain power we can muster.
Seeing these problems and doing nothing makes us all complicit.
It cannot be any clearer. Help is needed for the Biden administration. Octogenarians like Biden and Senate Republican Leader Senator Mitch McConnell, along with a Congress that believes the tail should be wagging the dog, are all not what they used to be.
Biden’s cabinet members are a mere reflection of Biden with a few independent thoughts. Mostly, they wait for directions from Biden who reportedly holds meetings only from 10 a.m. to 4p.m.
For example, it took three years before Biden sent his top officials to Mexico to discuss the border crisis with that country’s president.
This begs some questions: Is Biden faithfully executing the office of president? Is he preserving and protecting America?
He may be working up to the best of his ability however, as America’s oldest president.
Where are we today? I am concerned about our national security. Terrorist threats to America are at remarkably elevated levels as recently reported by FBI Director Christopher Wray.
Last year while Russia was fighting Ukraine, it was reported that more than 7,000 Russians illegally crossed into America via our porous border with Mexico.
Last year while China was spying on America with an air balloon, which our government allowed to travel across America (as the Chinese have been trying to establish a base in Western Hemisphere), it was reported that 24,000 Chinese nationals crossed illegally into America from Mexico.
The solution is to be like a plumber. Shut off the water. We have a broken pipe, a broken system. Stop the flow of people and then fix the problem – at its source. We should be prepared to use our troops to stop anyone from entering America at the southern border until new legislation is adopted. To let the water keep flowing while we try to fix the overall problem (which could take awhile) is irrational. Not a plumber on the planet would do that.
Part two of the immediate solution: strictly enforce the law that penalizes employers for hiring illegal immigrants. We should substantially increase the penalty against employers who break the law.
As for illegal immigrants, why reward them for breaking the law when we treat them better than Americans or those attempting to come to America legally?
If we took this aggressive approach we would have positive change.
Without jobs, most illegal immigrants would want to exit America as quickly as they entered. Giving illegal immigrants jobs or welfare only encourages more illegal immigrants to come to America. We must remember that the workforce participation rate for Americans is only 62% – far worse than it was in the last century. Americans need training and work. The unemployment rate only measures those who are actively seeking employment (leaving out many others).
Relatively speaking, all other issues are merely simple politics. We have had high (and burdensome) inflation resulting in a 20% increase in the cost of goods and services since 2021. Our interest rates have doubled. But both issues can be corrected in the November election.
However, preventing World War III and protecting our border cannot wait until November. We have to correct these elephants in the room now, and fast. These threats will not go anywhere unless we remove them.
Past presidents, we need you now, at least as much as we needed you when you served in the White House. Your talents and abilities have not measurably waned. Heck, for starters, you are all younger than Biden and your mental acumen is far sharper.
•••
Gary Franks served three terms as U.S. representative for Connecticut’s 5th District. He was the first Black Republican elected to the House in nearly 60 years and New England’s first Black member of the House. Host: podcast "We Speak Frankly." Author: "With God, For God, and For Country." @GaryFranks
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https://www.thewellnews.com/opinions/bob-dole-the-gentleman-from-kansas/
Bob Dole – the Gentleman From Kansas
COMMENTARY
My children often look at me as having lived the Forrest Gump type life with regard to people I have met, worked with, or befriended. Bob Dole is one of those great men.
Senator Robert “Bob” Dole holds a meaningful though enigmatic place in my political life as he was never my first choice for the Republican nomination for president. I am embarrassed to say today that he was always my third choice. Yet he had a positive impact on my 12 years as an elected official, and especially the six years I worked with him in Congress. I was a tireless worker for his candidacy for president in 1996.
Since Bob Dole’s career spanned more than 50 years, I was in high school when I first heard his name. And I was just out of college when he first ran for national office as the GOP vice presidential candidate.
He had earned the nickname of being a “hatchet” man for his attacks on opponents during the 1976 presidential election between Democrat Jimmy Carter and incumbent Republican president Gerald Ford. He was also a defender of President Nixon as the Republican National Committee Chair, and a staunch conservative.
I always tell folks that Republican Party candidates have “substance” with a little style and the Democrat Party candidates have “style” with a little substance. The public is good at deciphering between the two qualities, giving Republicans a six to four edge over Democrats in winning the White House during the last 50 years. Democrat victories usually entail individuals with a lot of style, the current occupant – President Joe Biden – being the exception. I say with affection that “boring” could describe all the GOP presidents, the last – former president Donald Trump – being the exception.
Bob Dole was not that “warm and fuzzy” guy. But for me he had his own charm. He was a war hero, loyal friend, honest and patriotic. A man with immense integrity, he could measure people quickly.
He took on political fights and led the charge in a variety of noteworthy areas. Americans with Disabilities Act is his signature achievement, but he also led the passage of every civil rights bill starting in the 1960s. He helped ensure that a higher percentage of Republicans in Congress voted in favor of these bills than Democrats. He supported the Voting Rights Act. He advocated to make Martin Luther King Jr. Day into a national holiday. He pushed legislation to quickly eradicate the rash of black church burnings when I was in Congress. His thumb print can be found on a lot of meaningful, life-changing legislation over a half century.
He was GOP leader in the Senate for about a decade, leaving Congress in 1996. Back then, Congress passed legislation via Regular Order and normally in a timely manner. Today, and since the last 25 years, Congress has merely kicked the can down the road. They have failed to do the most basic part of their job as members of Congress when it comes to spending bills.
Regular Order fosters bipartisanship as each subcommittee chair would typically ascertain support from both parties before presenting the spending bill to the full committee and ultimately to the House or Senate floor for passage.
Today, the loudest voice in the room gets all the attention and raises the most campaign money, not necessarily the best and brightest. The use of Regular Order in Congress would reveal true talent, and those with the most potential to be productive members of Congress and future leaders. Mr. Dole understood this fact.
Back in 1983 Dole led the bipartisan effort to keep Social Security solvent until the year 2029, something current members of Congress refuse to tackle.
Lastly, the other bond we shared was over the 1996 election. Dole ended his career in Congress voluntarily, on his own terms, by resigning. Conversely, that same year, my elected career ended involuntarily when I lost my bid for a fourth term in Congress. God knows best.
A new era in politics had begun. For Republicans, the media seemed to join the unions as a de facto appendage of the Democratic Party. Cable news had arrived. A charismatic incumbent – President Bill Clinton – would go on to beat Bob Dole by nine points in the 1996 election.
A pivotal issue was Medicare. President Clinton, with the help of the media, had convinced the public that Republican efforts to save Medicare (which the Congressional Budget Office now says can remain solvent only until 2024) amounted to a big cut in Medicare spending. In reality, the GOP wanted to slow the growth of Medicare. Both parties were seeking to increase Medicare spending.
Yes, a new era of politics was beginning, where half-truths and distortions were becoming commonplace.
America needs more Bob Doles. He was a gentleman, a leader willing to take on any foe, domestic or foreign, a worker fighting for “Americans first,” and a pragmatist. He realized that compromise and bipartisanship bring Americans together, making us a stronger nation and ensuring our greatness for decades to come.
Gary Franks served three terms as U.S. representative for Connecticut’s 5th District. He was the first Black Republican elected to the House in nearly 60 years and New England’s first Black member of the House. Host: podcast “We Speak Frankly.” Author: “With God, For God, and For Country.” @GaryFranks
©2021 Gary Franks. Distributed by Tribune Content Agency, LLC.
October 13, 2018
THE WELL NEWS ANNOUNCES HIRING OF MANAGING DIRECTOR
WASHINGTON – The Well News is pleased to announce the addition of Christina Paulos as our new managing director. Paulos brings over a decade of experience in operations and business development to The Well News from her work with multiple small and medium sized organizations in Washington, DC, California, and Idaho.
The Well News is a digital-first national media outlet dedicated to providing unique reporting, elevating policy, and insights from leaders who are driving thoughtful discussion and real change throughout the country. At a time when so much of media coverage is focused on the views of those on the far right and far left, TWN strives to cover the business, policy and thought leaders across the country who are actually getting things done. Their goal is to cut through the noise and provide accurate, interesting and exclusive coverage of the issues that impact our lives every day and the people who are taking real steps to make change for the better.
Most recently, at RealClear Media Group, Paulos oversaw operations and spent more than six years developing the respected and nonpartisan news outlet’s audience, products, polling syndication, and strategic partnerships.
“We relied on Christina’s energy and vision every day for the past six years,” said RealClear executive editor Carl Cannon. “She was a versatile, competent, caring, innovative, and resourceful colleague. Indispensable, really. A rock star.”
Paulos’ intellectual intensity and natural leadership abilities will enable her to bridge divides that grow wider on a daily basis. Her track record of finding sustainable models to fund journalism will help The Well News position itself as a thought leader and key influencer in today’s challenging news environment.
Before joining RealClearMedia, Paulos worked as a research assistant at the Transatlantic Academy, a research partnership between the German Marshall Fund of the United States (GMF) and the ZEIT-Stiftung Ebelin und Gerd Bucerius; she coordinated the Jarbidge Resource Management Plan at the U.S. Department of Interior, Bureau of Land Management. Paulos holds a bachelor’s degree in international relations, with a focus in international business, from the University of San Diego.
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Contact:
Sean Trambley
For more information, email Press@TheWellNews.com
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