Janine Wedel - Unaccountable - How Elite Power Brokers Corrupt Our Finances, Freedom, and Security

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A groundbreaking book that challenges Americans to reevaluate our views on how corruption and private interest have infiltrated every level of society.
From the Tea Party to Occupy Wall Street, however divergentt heir political views, these groups seem united by one thing: outrage over a system of power and influence that they feel has stolen their livelihoods and liberties. Increasingly, protesters on both ends of the political spectrum and the media are using the word corrupt to describe an elusory system of power that has shed any accountability to those it was meant to help and govern.
But what does corruption and unaccountability mean in today's world? It is far more toxic and deeply rooted than bribery. From superPACs pouring secret money into our election system to companies buying better ratings from Standard & Poor's or the extreme influence of lobbyists in Congress, all embody a "new corruption" and remain unaccountable to our society's supposed watchdogs, which sit idly alongside the same groups that have brought the government, business, and much of the military into their pocket.

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31. William Ackman, “Who Wants to Be a Millionaire?” (http://www.businessweek.com/pdf/who_wants_to_be_a_millionaire.pdf).

32. Dan Ritter, “Has Bill Ackman’s Billion-Dollar Bet on Herbalife Gone Bad?” Wall St. Cheat Sheet, March 11, 2014 (http://wallstcheatsheet.com/business/has-bill-ackmans-billion-dollar-bet-on-herbalife-gone-bad.html/?a=viewall).

33. DealB%k, “Ackman vs. Herbalife, a History.” Dealb%k, New York Times, March 10, 2004 (http://dealbook.nytimes.com/2014/03/10/ackman-versus-herbalife-a-history/?_php=true&_type=blogs&_r=0).

34. Michael S. Schmidt, Eric Lipton, and Alexandra Stevenson, “After Big Bet, Hedge Fund Pulls the Levers of Power.” New York Times, March 9, 2014 (http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-will-fail-then-ackman-lobbying-to-bring-it-down.html; Dewey Square Group website: http://www.deweysquare.com/who-we-are/).

35. Eric Lipton, “The Herbalife War.” New York Times, March 9, 2014 (http://www.nytimes.com/interactive/2014/03/10/business/10ackman-herbalife-documents.html#document/p82/a148087).

36. Michael S. Schmidt, Eric Lipton, and Alexandra Stevenson, “After Big Bet, Hedge Fund Pulls the Levers of Power.” New York Times, March 9, 2014 (http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-will-fail-then-ackman-lobbying-to-bring-it-down).

37. Pershing Square Capital Management, L.P., “Facts About Herbalife” (http://factsaboutherbalife.com/) (explicit link with Ackman). “Is Herbalife A Pyramid Scheme?” (http://www.isherbalifeapyramid.com/http://herbalife-scam.com/).

38. Anti-Herbalife Coalition, Facebook Group, Joined Facebook October 2, 2011 (https://www.facebook.com/pages/Anti-Herbalife-coalition/297644976917815).

39. Matthew Mosk and Brian Ross, “Latino Group Demands Herbalife Probe.” ABC News, February 13, 2014 (http://abcnews.go.com/Blotter/latino-group-demands-herbalife-probe/story?id=22504371&singlePage=true).

40. Svea Herbst-Bayliss, “Ackman outspent by Herbalife in lobbying battle.” Reuters, March 9, 2014 (http://www.reuters.com/article/2014/03/09/us-herbalife-idUSBREA280OH20140309).

41. Michael S. Schmidt, Eric Lipton, and Alexandra Stevenson, “After Big Bet, Hedge Fund Pulls the Levers of Power.” New York Times , March 9, 2014 (http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-willfail-then-ackman-lobbying-to-bring-it-down).

42. Michelle Celarier, “Herbalife donated money to 5 supported Hispanic Groups.” New York Post, February 26, 2014 (http://nypost.com/2014/02/26/herbalife-donated-money-to-5-supportive-hispanic-groups/).

43. Michael S. Schmidt, Eric Lipton, and Alexandra Stevenson, “After Big Bet, Hedge Fund Pulls the Levers of Power.” New York Times, March 9, 2014 (http://www.nytimes.com/2014/03/10/business/staking-1-billion-that-herbalife-will-fail-then-ackman-lobbying-to-bring-it-down).

44. Michael Luo, “G.O.P. Allies Drive Ad Spending Disparity.” New York Times, September 13, 2010 (http://www.nytimes.com/2010/09/14/us/politics/14money.html?_r=0).

45. Andrew Mayersohn, “Four Years After Citizens United: The Fallout.” Opensecrets.org , January 21, 2014 (http://www.opensecrets.org/news/2014/01/four-years-after-citizens-united-the-fallout.html).

46. Michael Luo, “G.O.P. Allies Drive Ad Spending Disparity,” New York Times, September 13, 2010, http://www.nytimes.com/2010/09/14/us/politics/14money.html?_r=0.

47. Opensecrets.org, Political Nonprofits, updated June 23, 2014, http://www.opensecrets.org/outsidespending/nonprof_summ.php.

48. Andrew Mayersohn, “Four Years After Citizens United: The Fallout.” Opensecrets.org, January 21, 2014 (http://www.opensecrets.org/news/2014/01/four-years-after-citizens-united-the-fallout.html).

49. CrossroadsGPS (https://www.facebook.com/CrossroadsGPS).

50. Michael Beckel, “‘Shadow RNC’ American Crossroads Raises Millions in August from Wealthy Individuals, Corporations.” Opensecrets.org, September 20, 2010 (https://www.opensecrets.org/news/2010/09/american-crossroads-shadow-rnc.html).

51. Americans for Prosperity (https://www.facebook.com/fightback).

52. Matea Gold, “Koch-backed political network, built to shield donors, raised $400 million in 2012 elections.” Washington Post, January 5, 2014 (http://www.washingtonpost.com/politics/koch-backed-political-network-built-to-shield-donors-raised-400-million-in-2012-elections/2014/01/05/9e7cfd9a-719b-11e3-9389-09ef9944065e_story.html).

53. Ibid.

54. Eni Mustafaraj and Panagiotis Metaxas, “From Obscurity to Prominence in Minutes: Political Speech and Real-Time Search,” presented at WebSci 2010, Extending the Frontiers of Society On-Line, Raleigh, NC, April 26-27, 2010 (http://journal.webscience.org/317/2/websci10_submission_89.pdf).

55. Matea Gold, op. cit.

56. Liz Bartolomeo, “The Political Spending of 501(c)(4) Nonprofits in the 2012 Election.” Sunlight Foundation, May 21, 2013 (http://sunlightfoundation.com/blog/2013/05/21/the-political-spending-of-501c4-nonprofits-in-the-2012-election/).

57. Carl Hulse and Ashley Parker, “Koch Group, Spending Freely, Hones Attack on Government.” New York Times, March 20, 2014 (http://www.nytimes.com/2014/03/21/us/politics/koch-group-seeks-lasting-voice-for-small government.html).

58. The Republican strategist was Alex Vogel. Ron Moore, “Group Organizing for America and for Obama agenda.” Examiner, March 16, 2009 (http://www.examiner.com/article/group-organizing-for-america-and-for-obama-agenda).

59. Jim Rutenberg and Adam Nagourney, “Melding Obama’s Web to a YouTube Presidency.” New York Times, January 25, 2009 (http://www.nytimes.com/2009/01/26/us/politics/26grassroots.html?pagewanted=all).

60. Quoted in ibid., p. 243.

61. Ari Melber, “Year One of Organizing for America: The Permanent Field Campaign in a Digital Age.” techPresident, January 2010 (http://techpresident.com/ofayear1#toc Journalist Ari Melber).

62. Michael D. Shear, “Pro-Obama Group Enters Immigration Fray.” New York Times, March 25, 2013 (http://www.nytimes.com/2013/03/25/us/politics/organizing-for-action-group-joins-immigration-fray.html).

63. Ari Melber, “Year One of Organizing for America: The Permanent Field Campaign in a Digital Age.” techPresident, January 2010 (http://techpresident.com/ofayear1#toc Journalist Ari Melber).

64. Lydia DePillis, “Disorganized.” New Republic, October 29, 2009 (http://www.newrepublic.com/article/politics/disorganized).

65. For a recent look at patronage in American politics, see Martin Tolchin and Susan J. Tolchin, Pinstripe Patronage: Political Favoritism from the Clubhouse to the White House and Beyond . New York: Paradigm, 2010.

66. Sheldon Rampton, “Obama’s Netroots Goes to the Dogs?” PR Watch, Center for Media and Democracy, December 5, 2008 (http://www.prwatch.org/node/8037).

67. Chris Cillizza, “Obama Announces ‘Organizing for America.’” The Fix Blog, Washington Post, January 17, 2009 (http://voices.washingtonpost.com/thefix/white-house/obama-announces-organizing-for.html).

68. Melber, op. cit.

69. Nicholas Confessore, “Obama’s Backers Seek Big Donors to Press Agenda.” New York Times, February 22, 2013 (http://www.nytimes.com/2013/02/23/us/politics/obamas-backers-seek-deep-pockets-to-press-agenda.html?pagewanted=all).

70. Mike McIntire, “Pro-Obama Group Details Fund-Raising and Policy Goals.” Posted on The Caucus Blog, New York Times, March 26, 2013 (http://thecaucus.blogs.nytimes.com/2013/03/26/pro-obama-group-details-fund-raising-and-policy-goals/).

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