October 24, 2012 |
Renaissance Technologies, a specialized hedge fund company based in East Seatauket, N.Y., is home to two of the biggest political donors in the 2012 elections — and they are on opposite sides. James H. Simons, a theoretical mathematician who founded the $15 billion firm, has given at least $7.5 million to a variety of groups backing President Obama and other Democrats. Renaissance co-chief executive Robert L. Mercer, meanwhile, has given more than $3.5 million to super PACs supporting Republicans and also...
October 12, 2012 |
Republican nominee Mitt Romney and his allies are banking heavily on a high-risk, high-reward media strategy in the final weeks of the campaign, hoping that burying President Obama in ads will give them a crucial edge on Election Day. Ad purchases in the presidential race doubled or in some cases tripled last week in swing states such as Colorado, Florida, Iowa and Virginia, tracking data show. The surge is being driven by Romney and well-funded allies, who decided against running more ads earlier in the campaign in favor of a...
October 3, 2012 |
Have conservative groups bungled their chance to help defeat Barack Obama? Fueled with tens of millions of dollars in unlimited contributions, a network of GOP super PACs and nonprofit groups began the year with heady talk of bringing down President Obama with a ceaseless barrage of attack ads. But judging from the latest polls, the effort hasn't gone very well. Obama is holding a narrow lead over Republican nominee Mitt Romney nationally and appears to be...
September 27, 2012 |
George Soros, the liberal billionaire investor who has largely laid low during the 2012 elections, announced $1.5 million in pledged donations Thursday to a trio of super PACs backing President Obama and congressional Democrats, PAC officials said. Soros, who became nationally prominent in 2004 when he spent more than $20 million on independent groups supporting Sen. John F. Kerry (D-Mass.), will give $1 million to Priorities USA Action — which is supporting Obama — and $500,000 to Majority PAC and House...
September 20, 2012 |
The financial tide has turned against Republican presidential candidate Mitt Romney and his key allies, who spent more than they brought in and were outraised by President Obama during the month of August, according to disclosures filed Thursday. Romney's presidential campaign committee raised nearly $67 million last month — a strong figure — but spent about the same amount building its campaign organization and responding to a barrage of attack ads from Obama and his allies.
September 5, 2012 |
CHARLOTTE — Democratic Party leaders are working feverishly behind the scenes of their national convention here to cajole wealthy donors into giving more money, a sign of growing concern that a widening Republican financial advantage could doom President Obama and other Democratic candidates. The anxieties, expressed in back corridors and late-night bar-stool conversations, spilled into public view Wednesday with the announcement that Obama's former White House chief of staff, Chicago Mayor Rahm...