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allil
Thursday August 21, 2008
Personal Finances
Top Assets, 2006
Any legal ownership a person has in a company or property is classified
as an asset, including brokerage accounts, corporate bonds and stocks. For the most part,
lawmakers seem to have a stake in big-name, recognizable companies and properties. They
need to report only assets worth more than $1,000 at the end of the calendar year, or
producing more than $200 of income. (One note about mutual funds: Filers are not required
to provide detail on funds' individual holdings.) Any purchases, sales or exchanges of
assets during the year of more than $1,000 must be disclosed as transactions. Reporting
the value of a primary residence, unless it produces income, is not required.
The chart here shows the companies into which lawmakers have invested
the most. They are not required to report the exact value of the holding, but instead
just check a box indicating the range of values into which the asset falls. Valuation
of very large assets is limited by the top range being over $50 million. When further
research definitively revealed a more accurate figure, it was used in place of the range.
| Rank | Firm | Minimum Value | Average | Maximum Value | | 1 | Financial Guaranty Corp | $50,000,001 | $50,000,001 | $50,000,001 | | 2 | Greene Properties | $25,000,001 | $37,500,000 | $50,000,000 | | 3 | Clear Channel Communications | $11,468,205 | $33,760,701 | $56,053,198 | | 4 | Front Range Capital Corp | $10,100,003 | $30,175,001 | $50,250,000 | | 5 | Procter & Gamble | $8,737,884 | $25,340,855 | $41,943,847 | | 6 | Processed Foods Corp | $6,000,002 | $18,000,001 | $30,000,000 | | 7 | Walgreen Co | $5,705,444 | $16,128,936 | $26,552,434 | | 8 | Trinity Industries | $5,190,081 | $15,190,080 | $25,190,080 | | 9 | US Bank (US Bancorp) | $5,050,002 | $15,075,000 | $25,100,000 | | 10 | Watermark Properties | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | VB Investments/Pointe West | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | VB Motor Yachts | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Tiffany Manor | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Rehberg Ranch Land & Livestock | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Rehberg Ranch LLC | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Smith Frozen Foods | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Jamatt Properties | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Lighthouse Toyota | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Gillmor Financial Services | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Grayling Industries | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | 1299 LC | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | 201 021 22, 201 032 01, 200 051 42 & 200 | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | 600 LC | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Aircraft Holding & Leasing LLC | $5,000,001 | $15,000,000 | $25,000,000 | | 10 | Apartment complex | $5,000,001 | $15,000,000 | $25,000,000 |
This
table lists the 25 biggest assets of businesses, real estate, stocks
and corporate bonds. It does not include cash, blind trusts, bank
accounts, mutual funds or other diversified financial instruments. Note:
Senate, House and Executive branch rules require the disclosure of
items belonging to the filer’s spouse and/or dependent children. When
present, those items are displayed on this page and are included in all
calculations throughout this section.
| | Posted by alfred at 10:33 AM - | |
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Lobbying Database
In addition to campaign
contributions to elected officials and candidates, companies, labor
unions, and other organizations spend billions of dollars each year to
lobby Congress and federal agencies. Some special interests retain
lobbying firms, many of them located along Washington's legendary K
Street; others have lobbyists working in-house. We've got totals spent
on lobbying, beginning in 1998, for everyone from AAI Corp. to Zurich
Financial.
You can use the options below to search through our database in four ways: search by name for a company,
lobbying firm or individual lobbyist; search for the total spending by a particular industry; search for
the total spending by lobbyists on a specific issue; or view the amount spent to lobby a particular
government agency.
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Number of Lobbyists
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| 1998 |  | 10,689 | | 1999 |  | 13,674 | | 2000 |  | 12,664 | | 2001 |  | 11,986 | | 2002 |  | 12,264 | | 2003 |  | 13,067 | | 2004 |  | 13,324 | | 2005 |  | 14,445 | | 2006 |  | 15,462 | | 2007 |  | 15,731 | | 2008 |  | 16,982 | |
Feel
free to distribute or cite this material, but please credit the Center
for Responsive Politics. For permission to reprint for commercial uses,
such as textbooks, contact the Center.
| | Posted by alfred at 10:22 AM - | |
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Lobbying Database
In addition to campaign
contributions to elected officials and candidates, companies, labor
unions, and other organizations spend billions of dollars each year to
lobby Congress and federal agencies. Some special interests retain
lobbying firms, many of them located along Washington's legendary K
Street; others have lobbyists working in-house. We've got totals spent
on lobbying, beginning in 1998, for everyone from AAI Corp. to Zurich
Financial.
You can use the options below to search through our database in four ways: search by name for a company,
lobbying firm or individual lobbyist; search for the total spending by a particular industry; search for
the total spending by lobbyists on a specific issue; or view the amount spent to lobby a particular
government agency.
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Number of Lobbyists
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| 1998 |  | 10,689 | | 1999 |  | 13,674 | | 2000 |  | 12,664 | | 2001 |  | 11,986 | | 2002 |  | 12,264 | | 2003 |  | 13,067 | | 2004 |  | 13,324 | | 2005 |  | 14,445 | | 2006 |  | 15,462 | | 2007 |  | 15,731 | | 2008 |  | 16,982 | |
Feel
free to distribute or cite this material, but please credit the Center
for Responsive Politics. For permission to reprint for commercial uses,
such as textbooks, contact the Center.
| | Posted by alfred at 10:21 AM - | |
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Published on August 20, 2008 5:36 PM
United States passports don't just get humans over the border--they're also the currency needed to move, well, currency into American politics. Although presidential candidates are prohibited from receiving contributions from individuals who aren't American citizens (or don't have green cards), the Associated Press has found that some foreign contributions have made their way into Barack Obama's coffers. ... (Continue)
Published on August 20, 2008 5:12 PM
In some ways, it's advantageous for John McCain to point out the ways he differs with the current president. But, financially, McCain's differences with President Bush haven't entirely helped him. Bloomberg used data from CRP recently to analyze the industries that played a pivotal role in financing Bush's re-election race in 2004 but that are backing Barack Obama this time around. ... (Continue)
Published on August 20, 2008 11:32 AM
Published on August 20, 2008 9:42 AM
Published on August 19, 2008 3:58 PM
Published on August 15, 2008 6:53 PM | | Posted by alfred at 9:55 AM - | |
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The Office of Inspector General’s report details scrutiny of a
program known as Comprehensive Error Rate Testing, or CERT, that audits
a sample of Medicare claims submitted by sellers of durable medical
equipment. That program is supposed to randomly choose claims and
review the medical records and other documents supporting submitted
claims to determine whether payment is justified.
According
to the inspector general’s report, officials at Medicare instructed
AdvanceMed to disregard those policies. Instead, AdvanceMed was told to
examine only the documents submitted by the companies selling the
medical equipment, rather than verify those documents against
physicians’ records. Medicare reported to Congress that, for the
fiscal year of 2006, AdvanceMed’s investigations had found that only
7.5 percent of claims paid by Medicare were not supported by
appropriate documentation. But the inspector general’s review indicated
that the actual error rate was closer to 31.5 percent. For
instance, according to the report, the Office of Inspector General
examined a claim for an electric wheelchair that AdvanceMed had said
was appropriate. The inspector general’s investigation revealed that
the physician who was listed as having prescribed the wheelchair had no
knowledge of the prescription. The person who received the
wheelchair said that he had never met with the physician, that he did
not need a wheelchair and that he had never used it, according to the
report. His wife had also received a wheelchair that she had not asked
for and never used. Equipment sellers can pocket more than $2,500 every time they send a powered wheelchair to a patient and bill Medicare. “This is like letting the fox guard the henhouse,” said Malcolm Sparrow, a Harvard University
professor who focuses on health care fraud. “The supplier has an
incentive to supply fabricated documents or to imply that medical
records support a purchase when they don’t. If you don’t ask the
physician or ask for medical records, you can’t really verify anything.”
| | Posted by alfred at 8:20 AM - | |
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