Weekly Digest – November 23, 2014

Must Watch/Read

Of the 4,493 board members and CEOs of Fortune 500 corporations, more than four out of five contributed (many of the non-contributors were foreign nationals who were prohibited from giving).  All this money has flowed to Democrats as well as Republicans.  In fact, Democrats have increasingly relied on it. In the 2012 election cycle, the top .01 percent’s donations to Democrats were more than four times larger than all labor union donations to Democrats put together.  The richest .01 percent haven’t been donating out of the goodness of their hearts. They’ve donated out of goodness to their wallets.  Their political investments have paid off in the form of lower taxes on themselves and their businesses, subsidies for their corporations, government bailouts, federal prosecutions that end in settlements where companies don’t affirm or deny the facts and where executives don’t go to jail, watered-down regulations, and non-enforcement of antitrust laws.

Should Read:  Obamacare Edition

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