Healthcare Giants Dominate Lobbying in Pennsylvania

In Pennsylvania, healthcare profiteers top the list of the most aggressive spenders on lobbying in the state. In 2022, nearly $30 million was spent on direct healthcare lobbying, about $11 million was spent on Medicare and Medicaid, and over $13 million was spent on insurance lobbying. Together, that’s more than the total lobbying spending on energy, the state budget, and education combined.

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Vulture Fund Feminism

A newly-reported contract between Madeleine Albright’s consulting firm and a major Wall Street hedge fund has only been a footnote in presidential campaign coverage, but it speaks volumes about how elites in both parties find common ground above the fray of partisan bickering and gridlock that tends to dominate the news cycle. A consulting firm …

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Former SEC Chair’s shift at Promontory Financial raises questions about revolving door

Last month former SEC Chair Mary Schapiro made an unexpected change to her employment in the private sector, moving from an executive position to an advisory role at Promontory Financial, the regulatory consulting firm that both services Wall Street’s compliance needs and serves at the top tier revolving door destination for former financial regulators. While it …

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New CEOs, same door

On Sunday the Washington Post reported on the “new crop” of defense industry CEOs from the last two years, highlighting the industry’s troubled waters and desire for steady hands to brave the sequester. According to American Security Project fellow August Cole, the best strategy for navigating the coming changes would be one of relationship building: …

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Of buddies and buyouts: Carlyle Group’s revolving door

Private equity firm The Carlyle Group recently announced that it was bringing on former Federal Communications Commission chairman Julius Genachowski as a managing director and partner in its buyout group. As well-connected hires go, Carlyle couldn’t do much better than Genachowski; a friend and basketball buddy of Obama since his Harvard Law Review days, he led …

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Pa. DEP and PUC heads keynote gas industry events

This fall, Blank Rome LLP, a Pennsylvania-based law and lobbying firm, held two events titled “Environmental Issues Affecting Midstream & Downstream Oil & Gas Development.” The events, one in Philadelphia and one in Harrisburg, were co-hosted by Hull & Associates, a shale oil and gas project management and consulting firm, and featured a slew of …

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Who’s spying on nonprofits for corporate America?

The Center for Corporate Policy recently released a report demonstrating how large corporations hire former law enforcement officials to spy on nonprofit organizations considered to be a threat to them. We added all of the firms in the report to a list in LittleSis–Corporate Espionage Firms–to take a closer look at some of the people …

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Geithner does the Rubin Shuffle

The cooling-off period is over for former Treasury Secretary Tim Geithner, who is joining the private equity firm Warburg Pincus as president and managing director. Geithner had initially joined the Council on Foreign Relations as a senior fellow after leaving the Treasury Department early this year. He had taken several plum speaking engagements at Wall …

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JPMorgan negotiates through the revolving door

It is quickly becoming clear that JPMorgan’s tentative $13 billion settlement with the Department of Justice is not the massive, overly-punitive sanction that some press reports have made it out to be. The weaknesses in the deal may be explained in part by the fact that in arranging the settlement, JPMorgan was negotiating through the …

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