The Hidden Way Corporations, Billionaire Execs, Fund Republicans Who Claimed Voter Fraud
By David Sirota, Andrew Perez, Walker Bragman and Julia Rock
On 1/14/21 at 2:53 PM EST
In response to the violent insurrection at the U.S. Capitol, the Charles Schwab Corporation yesterday announced it will shut down its political action committee, which gave less than a quarter million dollars to Republican lawmakers in 2020. In light of a divided political climate and an increase in attacks on those participating in the political process, the company said, we believe a clear and apolitical position is in the best interest of our clients, employees, stockholders and the communities in which we operate.
Billionaire donors hold more sway than companies in the increasingly expensive business of Washington elections. Firms from JPMorgan to AT&T are rethinking political donations after last week's Capitol violence. But it’s people like the late Sheldon Adelson and Mike Bloomberg.
Why investors shrugged off the Capitol riots
11 Jan, 2021 08:30 PM
5 minutes to read
The actions of pro-Trump insurgents didn t dampen market enthusiasm. Photo / Getty Images
Financial Times
By: Rana Foroohar Normally when a financial market rises amid a coup or extreme political instability, it is because the leftists are out and the animal spirits of business have been released. But last week in the US there was a different kind of result. Stock markets rallied, even as a group of pro-Donald Trump insurgents rampaged through the US Capitol. The reason, in brief, is that investors were cheering that a new Democratic administration that also controls Congress is about to take over.
After Wednesday’s events on Capitol Hill, the true cost of the balancing act from big business leaders was plain to see, even through the tear gas wafting in
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