EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Chip Somodevilla/Getty Images/JOSH EDELSON/AFP via Getty
Facebook is stopping donations to political parties for at least three months, a spokesperson confirmed to Insider Monday. Axios first reported the news.
JP Morgan and Citibank had already made the move, while other companies have said they will cut off donations just to GOP lawmakers who objected to certifying Democrat Joe Biden as president.
Facebook last week suspended President Donald Trump s Facebook account indefinitely.
Facebook is temporarily stopping all donations to political parties after a mob of pro-Trump supporters violently stormed the US Capitol.
The company is pausing all donations to both Democrats and Republicans for at least the first quarter of 2021, a Facebook spokesman told Insider on Monday, by freezing all contributions to its political action committee (PAC). Axios first reported on the news.
COVID-19 rocks region
Historically, the Times Herald polls staff on the top 10 stories of the year to compile the list. This year, however, the poll only included places 2 through 10, as there was no question to what the top story of the year would be â the COVID-19 pandemic.
SARS-CoV-2, better known as COVID-19 or coronavirus, was first reported in China in December 2019. The first local mention of the disease was published in the Times Herald on Jan. 27, with health officials reporting they were trying to prepare for the disease if it came to the area.
It was not a case of if, but when.
When was the last time you heard someone say, âWow, I canât wait to see another campaign ad on TV?â
Yet in 2020, candidates spent about $14 billion on their campaigns. Letâs begin by defining campaign financing that is being practiced today. Communication Costs: This category applies primarily to unions, trade groups and other member organizations who expressly advocate the election or defeat of a federal candidate. Independent Expenditure, aka âDark Moneyâ: This is money spent on political advertising in support of or against a particular candidate from outside a candidateâs election organization. Generally, there is no limit placed on independent expenditures.
Millions raised and spent to sway Indiana voters in 2020 tribstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribstar.com Daily Mail and Mail on Sunday newspapers.