When Facebook filed for an Initial Public Offering (IPO) in February, Mark Zuckerberg wrote a public letter outlining Facebook’s mission: to bring the world closer together. With the additional investment money that an IPO would bring, he explained, Facebook would have the resources to better reach that goal.
Or, to put it another way, when Facebook goes public, it stands to make a whole lot of money. IPO’s can be a good way for companies
to have access to a lot of funding fast, Continue reading
To point out the absurdities of Super PACs, the comedian Stephen Colbert jumped in the fray, and formed his own. Initially called the Citizens for a Better Tomorrow (he’s been switching the name around) it’s kind of a joke but also technically legitimate, with over a million dollars collected in donations already! In promoting it, Colbert emphasizes the very loose rules. Take a look:
Watch Outside Super PACs Poised to Dominate 2012 Spending on PBS. See more from PBS NewsHour.
If there’s anything you should remember about U.S. campaign finance law, it’s this:
For almost every set rule, there is most likely a loophole for getting around that rule.
Keeping track of America’s campaign finance laws is really difficult. Why? Continue reading
In early November San Franciscans chose their mayor through an electoral process called ranked-choice voting (RCV). Also known as “instant run-off voting,” voters were tasked with picking three candidates (instead of one), and ranking them in order of preference, thus eliminating the need for a separate runoff election. It’s the first time San Francisco used this system to decide a competitive mayor’s race (RCV was used in San Francisco’s last mayoral election, in 2007, but because Gavin Newsom won in a landslide, the system wasn’t really put to the test).