Pelosi, McCarthy big-money marketing campaign donors giving early, with Home up for grabs

Nancy Pelosi and Kevin McCarthy

Reuters

With the midterm elections more than a year away, wealthy donors have already begun giving massive checks to committees linked to Democratic House spokeswoman Nancy Pelosi and Republican minority leader Kevin McCarthy, according to new records.

The Federal Election Commission’s second quarter record of fundraisers related to Pelosi, McCarthy, and House leadership paints a picture of party officials and funders realizing the need to fund these campaign committees heavily, with the House of Representatives Chamber in 2022 to Choice is available. The Democrats, who hold the majority, lost seats in the 2020 election and the Republicans are trying to capitalize on it.

The Associated press reported that the Republican campaign arm, the National Republican Congressional Committee [NRCC], trumped his rival for the Democrats in the House of Representatives, the Democratic Congress campaign committee [DCCC], in the second quarter.

McCarthy and Pelosi campaigners did not respond to requests for comment.

Take Back the House 2022, a joint fundraising committee for the NRCC, McCarthy and other House Republicans, posted over $ 8 million in profit from April through June. This was due to donations from influential donors, including those on Wall Street like Nelson Peltz, the CEO of investment firm Trian Partners, who donated $ 50,000 to the committee in June.

Citadel CEO Ken Griffin donated over $ 500,000 to the committee that month. Steven Roth, the CEO of Vornado Realty and an ally of former President Donald Trump, gave $ 250,000 in May. Robert Day, the CEO of investment real estate firm Oakmont Corp., gave the group $ 100,000 in the same month. Howard Lutnick, the CEO of financial services firm Cantor Fitzgerald, donated over $ 700,000 to the committee in June, records show.

McCarthy’s leadership PAC, which also raises money for the NRCC and Take Back the House, also saw large donations from big donors last quarter as the GOP seeks to recapture the majority. The committee, the McCarthy Victory Fund, has raised just over $ 2.3 million in the past three months.

Peter Thiel, an investor billionaire who had previous alliances with Trump and recently increased his contributions to GOP candidates, donated just over $ 47,000 to the McCarthy Victory Fund in April. Doug Leone, an executive with venture capital firm Sequoia Capital, donated $ 125,000 to the committee in May. Leone renounced his support for Trump following the deadly January 6 riot on Capitol Hill. David Urban, a longtime Trump confidante and now a senior executive at Chinese tech company ByteDance, gave the committee $ 5,000 in June.

Pelosi also saw how much money flowed into their joint donation account. The Nancy Pelosi Victory Fund, which raises funds for the DCCC, raised over $ 4 million in the second quarter.

Legendary film producer Steven Spielberg donated $ 150,000 to the Fundraising Committee in April. In the same month, his film colleague Jeffrey Katzenberg donated $ 100,000. Eric Schmidt, the former CEO of Google, donated over $ 44,000 to the committee in June. Real estate giant George Marcus contributed over $ 260,000 that same month.

Realtors behind big-money push for Florida inexpensive housing modification

click to enlarge

Brokerage groups have invested another $ 8 million to put a proposed constitutional amendment on the 2022 ballot that would ensure money for affordable housing programs, a newly filed financial report shows.

Florida Realtors group raised $ 5 million to the Floridians for Housing Political Committee in June, while the National Association of Realtors raised another $ 3 million. Florida Realtors had previously contributed $ 5 million, bringing the total amount raised by the committee to $ 13 million.

The committee also paid $ 2.5 million to SGS, Inc., a Gainesville company, in June. While the financial report filed with the state electoral department contains little information about spending, most of the funds raised by the committee this year will likely go towards collecting petition signatures.

To get to the vote, supporters of the proposed change must submit 891,589 valid petition signatures by February 1. As a preliminary step, the committee is required to file 222,898 signatures to trigger a pivotal review of the proposed ballot wording by the Florida Supreme Court.

On Wednesday afternoon, the election department’s website showed that 106 valid signatures had been counted for the initiative.

The proposed constitutional amendment comes after years of frustration in the real estate industry and, among other things, legislative decisions to use money from a government trust fund for affordable housing called the Sadowski Trust Fund for other purposes.

If 60 percent of voters approve, the proposed electoral measure in the Florida Constitution would establish the State Housing Trust Fund and the Local Government Housing Trust Fund. It would require the trust funds to receive at least 25 percent of the revenue from deed taxes – which are levied on real estate transactions – and would detail how the money could be used to create affordable housing.

The housing proposal would likely be one of the most high-profile initiatives in the November 2022 vote, coming after Republican lawmakers took a series of steps to make constitutional amendments harder to pass.

These steps included the passage of a law that year that Set a contribution limit of $ 3,000 to political committees that collect petition signatures for election initiatives. The limit would make it much more difficult – critics say impossible – to collect the required signatures on the petition.

Florida Governor Ron DeSantis halves the money for a fund for affordable housing

Florida Governor Ron DeSantis halves the money for a fund for affordable housing

By Alex Galbraith and NSF

Blogs

The law (SB 1890) was due to go into effect July 1, after millions of dollars were paid to the Affordable Housing Initiative. But U.S. District Judge Allen Winsor blocked the law last week, saying it violated the First Amendment.

Political committees are required to submit updated financial reports to the Elections Department on Monday. Another proposed constitutional amendment that could raise large sums of money is an initiative to legalize sports betting across Florida.

DraftKings and FanDuel, two major online sports betting platforms, support the proposal that taxes on sports betting must flow into education. The Florida Education Champions political body, which leads the initiative, hadn’t released a financial report by Wednesday afternoon.


Stay up to date with the latest news and views from Central Florida with our weekly edition Newsletter, and think about it Support this free publication. Our small but fine team works tirelessly to bring you the news from Central Florida, and every little bit helps.

Eagles focusing on big-money deal for tight finish Dallas Goedert as Zach Ertz prepares to maneuver on, per report

NFL: Philadelphia Eagles with the Minnesota VikingsUSATSI

The expected split between Zach Ertz and the Eagle has been postponed for months as Philadelphia hopes for better compensation in a potential deal, but for anyone skeptical of Ertz’s future exit, John McMullen of SI.com’s EagleMaven reports that the team has already taken several steps to prepare for 2021 and beyond without the long-term tight end. This also includes striving for a “big money contract extension” for Ertz’s tight-end colleagues Dallas Goedert, as well as informing Ertz that Goedert will take the majority of the snapshots at the position, regardless of who is on the list.

“Both sides want to move on,” McMullen wrote this week, “but Eagles (General Manager) Howie Roseman has continued to play hard when it comes to Ertz’s worth … What we do know is that the Eagles plan for life to Ertz and tries to work out a (deal) with Goedert. What’s more, the team has informed Ertz that Goedert will definitely get the lion’s share of the snapshots at the position. “

Please tick the opt-in box to confirm that you would like to subscribe.

Meanwhile, New Eagles coach Nick Sirianni wants to “get away from a two-tight-end-centered offensive and get more speed on the field,” reported McMullen. Philadelphia recently re-signed the Veterans Reserve Richard Rodgerswho would likely open as the team’s # 2 tight end in 2021 if Ertz is dealt or released.

The reasons for Ertz’s expected departure have been amply set out this off-season; the three-time pro bowler will forever be a Philadelphia legend for eight years of consistent production Super bowl LII performance, but at 30, after an injury and looking for a new setting and maybe a new contract, the ship has already sailed unofficially. As for Goedert, the former second-round pick admitted in June that he was hey Talks about a new deal started.

Goedert, 26, will join the Free Agency after this season. The Eagles could potentially use the 2022 Franchise Tag. forecast to be $ 11.3 millionto keep it after 2021. A long term contract could net him something on the order of $ 12 million to $ 14 million per season, making him one of the NFL‘s four highest paid players in his position, according to other tight ends Hunter Henry and Jonnu Smith redeemed on deals Pay $ 12.5 million a year this off-season. The Eagles would save $ 8.5 million this year by cutting or bargaining Ertz.

Rating the three QBs subsequent up for big-money contracts after Dak Prescott’s monster Dallas deal

Dak Prescott made NFL history this week by securing $ 126 million in guaranteed money as part of his $ 160 million renewal Dallas Cowboys. The quarterback is also now the second highest paid player in his position, just behind him Kansas City Chiefs Superstar Patrick Mahomes. But Dak’s big deal probably won’t be the last of the 2021 off-season.

While the Cowboys waited a long time to jail their previous fourth-round draft pick, a handful of other teams won’t want to pull out inevitable extensions for their own young callers, especially if long-term deals could fall short-term salary cap place at a time , in which teams are struggling with pandemic-related cuts. We consider three QBs in particular: The BrownsBaker Mayfield, the billsJosh Allen, and the RavensLamar Jacksonwho all have rookie contracts that expire after 2021.

All three QBs could potentially be maintained through 2023 without large cash extensions. Each of their respective teams can exercise options for the fifth year as well as potential franchise tags for the following year during this off-season. However, the cheaper route means paying sooner rather than later. And right now, all three QBs from the 2018 Design Class are virtual locks to keep up to date.

With that in mind, who among Mayfield, Allen and Jackson are most likely to get the biggest deal?

Let’s first consider their respective effects after three seasons in the NFL::

  • Number 1 in 2018, Mayfield was by far the trio’s “pedestrian” and suffered a huge drop after a promising rookie year before bouncing back in 2020. But he was also quietly the most productive passerby of the bunch over three years. His arm and size aren’t nearly as mind-blowing as everyone’s, but he leads the group in touchdown passes and yards per game. Mayfield was a rather sturdy game manager for Cleveland’s fatal offense in 2020 and looked far more comfortable.
  • Anyone who finished 7th has seen the most meteoric rise, from boom-or-bust playmaker to legitimate MVP candidate. His talent for overtime will always put his game at risk, but he silenced hordes of critics pre-draft and early career by increasing his accuracy in late 2019 and 2020. An on-site bulldozer leading the trio in a hurry.It’s the safest, most exciting thing the Bills have had its focus on in decades, and it’s debatable whether its cap is the highest of the group.
  • Jackson, who stayed in the draft until No. 32, is the most physically gifted of the group, as his record marks show. Kyler Murray is on the way, but there’s no QB in the NFL who can move like Jackson; Its speed and change of direction can instantly change a game. He also has the best starting record of any QB here by far, although his playoff performances have been a lot less inspiring. The question with Jackson is whether he can consistently find his way to victory.

Here is a breakdown of all three QB numbers by three seasons:

Baker Mayfield

45

23-22 (1-1)

75 43 241.6 61.9 89.1 437 (4)

Josh Allen

43

28-15 (2-2)

67 31 220.6 61.8 90.4 1,562 (25)

Lamar Jackson

37

30-7 (1-3)

68 18th 154.0 64.0 102.6 2,906 (19)

If one thing should be clear, it is that all three are due and big money renewals will almost certainly be received. But this is how we would estimate their chances of actually resetting the market that Mahomes set with its $ 450 million mega-deal in 2020:

3. Baker Mayfield (Browns)

Projected Deal: Four years, $ 134 million ($ 33.5 million per year)

It is the most difficult to project just because its trajectory was less clear. Do / should the Browns want to keep him? Yes. He’s proven in 2020 that he can adapt to various roles at the Center, and he’s got Moxie to point out guard-like duties in Kevin Stefanski’s offense. But should the Browns buy the option, he’s next Russell Wilson? We’re not so sure, and probably not either. A four-year deal would allow both sides to reassess when Mayfield is only 30 years old. An annual average of $ 33.5 million would mark him the fifth or sixth highest paid QB, roughly equivalent or ahead Jared Goff ($ 33.5 million), Aaron Rodgers ($ 33.5 million), Kirk cousins ($ 33 ​​million) and Carson Wentz ($ 32M), but just behind proven QBs like Deshaun Watson ($ 39 million) and Wilson ($ 35 million).

2. Josh Allen (Bills)

Projected Deal: Four years, $ 168 million ($ 42 million a year)

Prescott’s deal has certainly helped everyone who will almost certainly turn in more than $ 40 million per season, considering he’s about three years younger and has better playing ability, let alone a current offer for one AFC title game. The fact that he’s only gotten better each season in the NFL also gives his representation a lot of leverage; What other young QB outside of Mahomes and maybe Watson is on a clearer upward trend to an MVP-level star? Buffalo probably won’t keep up with Mahomes’ annual average, considering Allen still has big playoff games to win, but the money should make him a guaranteed top-3 QB with the highest wages.

1. Lamar Jackson (ravens)

Trying to choose between Allen and Jackson for the next bigger deal is like flipping a coin, and many employees would prefer Allen to walk over Jackson’s legs. To be clear, Allen could very well top this list in terms of new money because in reality he looks more like the whole package during his ascent. But Jackson has a few things in his favor. For one thing, he’s incredibly young; He just turned 24, which means that even a four-year contract would get him back on the market at 28. His athleticism, we have found, is also unparalleled, giving the Ravens one or two of the best pure, transcendent talents in the NFL. For all the hassle he gets for his early playoff starts and inconsistent air numbers, Jackson is closest to Mahomes’ level in terms of physical aptitudes, and that will give him as much leeway – most of it justified – as he evolves .

Projected Deal: Four years, $ 170 million ($ 42.5 million per year)

Bitcoin Hits Highest Degree in Two Weeks as Huge-Cash Bets Circulate

(Bloomberg) – Bitcoin flirted at the $ 54,000 level, hitting a two-week high on Tuesday, aided by further signs of institutional interest in the largest cryptocurrency.

The digital token rose as much as 4.3% and was trading at around USD 53,900 as of 12:54 p.m. in Hong Kong. Rival Ether also jumped, extending a two-day rally in the Bloomberg Galaxy Crypto Index to around 13%.

“The uptrend in Bitcoin and Ethereum is back as more and more big money bets flow into cryptocurrencies,” wrote Edward Moya, senior market analyst at Oanda, in an email. “The institutional interest still seems to be strong.”

The narrative that longer-term investors like family offices, insurers, and corporate treasurers are adding to the risk of tokens is controversial but growing in importance. Goldman Sachs Group Inc. recently announced that there is significant demand from institutions working to restart their cryptocurrency trading desk.

This marks the current bull run in Bitcoin as different from the 2017 bubble, which Goldman Sachs said burst. For skeptics, the crypto rally is a prime example of speculative froth triggered by huge impulses that could quickly unwind as financial conditions tighten.

Bitcoin is in a “strong position” to hit $ 75,000, Evercore ISI strategist Rich Ross wrote in a note. The cryptocurrency has seen some wild swings and is currently around $ 4,500 off a record $ 58,350 that was hit on Feb.21. It is up nearly 600% over the past year, a rally that dwarfs more traditional assets.

Ether, the second largest token, has focused on the prospect of reducing supply in the face of an ongoing upgrade to the connected Ethereum blockchain.

$ 1 billion

On Monday, NYDIG, a provider of bitcoin custody services to institutions, announced that life, annuity and property / casualty insurers have direct and indirect bitcoin exposure of more than $ 1 billion on their platform.

NYDIG also announced a $ 200 million growth equity round led by strategic partners including Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual and Soros Fund Management, among others.

The story goes on

In the past few days, oil billionaire Kjell Inge Rokke has spoken out in favor of Bitcoin. Rokkes Aker ASA is starting a new company to realize its potential. At the weekend, the Chinese beauty app Meitu Inc. announced that it had invested in Ether and Bitcoin. Last month, Tesla Inc. announced it had invested $ 1.5 billion in Bitcoin.

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead of the curve with the most trusted business news source.

© 2021 Bloomberg LP

This March, most city assembly ballots will forgo big-money requests

A sign in Brattleboro advertises the upcoming local elections on March 2nd. Photo by Kevin O’Connor / VTDigger

Last March, Vermont’s 28 communities with residents of 5,000 or more voted on special one-time spending requests – from new schools to infrastructure improvements to public swimming pools $ 250 million.

In this pandemic year, the same communities that are now proposing less than a tenth of that amount for anything beyond their regular budget are focusing on issues without high prices.

Eight of the state’s most populous hubs – Bennington, Brattleboro, Burlington, Lyndon, Middlebury, Montpelier, Waterbury and Winooski – will vote on March 2nd to allow local recreational marijuana sales from 2022.

Vermont became the eleventh state to legalize such business last fall the law requires Municipalities must “sign up” before retailers can obtain the permits they need to operate.

“To start a retail cannabis business, people will have to make significant investments in time, effort and money, and people will be reluctant to make these types of investments in a city unless they can be confident that I am allowed open, ”Middlebury attorney Dave Silberman recently told the website Heady Vermont.

The question will also appear in the smaller communities of Barton, Berlin, Brandon, Brownington, Danby, Danville, Duxbury, Lyndon, Newport City, Pawlet, Pownal, Randolph, Richmond, Salisbury, and Waitsfield, according to a VTDigger survey.

In other matters, Vermont’s largest city, Burlington will consider whether the charter should be amended to protect tenants of residential buildings from evictions without “just cause”, to make a ranking vote for the election of their council members and to regulate the thermal energy systems in residential and commercial buildings.

The nearby town of Essex and its village of Essex Junction will decide whether merge into one community with a common governance structure that supporters say would reduce costs. About 70% of the village voters approved the plan last November, which resulted in the election in the larger city.

Winooski will consider an advisory article on asking the state to suspend Vermont Air National Guard F-35 training flights, which have since been causing a high level of noise from 2019.

VTDigger is drawn by:

Barre City that has faced controversial debate Calls to raise the Black Lives Matter and police-friendly “Thin Blue Line” flags will vote on whether to limit selection of public property to banners from the community, state, state and National League of Prisoner of War / MIA families .

In southern Vermont, Bennington will think again A proposal that was rejected in 2018 and 2019 to replace the current city government system with a mayor and consider a new “Penny for Parks” reserve fund that adds a cent to the property tax rate to generate $ 100,000 annually for recreational improvements.

For its part, Brattleboro will decide whether to join a growing number of communities asking lawmakers to allow them Adopt local charter regulations approved by the state for other communities.

Several cities propose special one-time expenditure claims, but they are not as costly as in the recent past.

South BurlingtonThe company, which last year turned down a $ 210 million plan to build a new middle and high school and sports center, is targeting $ 4 million for a series of highway improvements and another $ 2.5 million -Dollars for the replacement of a school roof and associated construction work.

St. Albans CityThe company, which unsuccessfully proposed a community pool with the neighboring city of St. Albans last year, will consider tackling the $ 5 million project on its own. She will also vote on a $ 1.5 million street image improvement plan and $ 2.3 million drinking water reservoir – all from other sources, including the local option tax.

St. Albans citywill, in turn, vote on the construction of a new $ 4.5 million town hall Shelburne will decide whether to spend $ 1.12 million to buy land for a potential fire and rescue station.

The March polls in 27 of the state’s 28 largest parishes (St. Johnsbury won’t vote until April 6th) also elects local leaders like the Mayor, with incumbents Miro Weinberger in Burlington and David Allaire in Rutland City facing challengers .

And several communities will be considering moving on with federated school districts formed as part of the State Act 46 consolidation effort.

Brattleboro and the other towns in the Windham Southeast School District, Dummerston, Guilford and Putney, for example, will decide whether to dissolve the union that was formed two years ago. The question is asked less because of specific problems than to give residents the opportunity to weigh up whether they want a continuation or a change.

“This is like looking back at us,” said Kelly Young, director of Windham Southeast, at a recent meeting.

Middlebury and other towns in the Addison Central School District in Bridport, Cornwall, Salisbury, Shoreham and Weybridge will vote on whether neighboring Ripton can be eliminated from their ranks. That idea got good words from an unlikely source: the district itself.
“A possible Ripton retreat”, be Impact assessment Says: “could result in a small saving in education spending per balanced student for the remaining cities.”

Are you missing out on the newest bullet? Subscribe here to receive a weekly email with all of VTDigger’s political reports. And in case you can’t get enough of the statehouse, sign up for the final reading for an overview of the day’s news in the legislature.

Ross Tucker Questions If Brandon Scherff’s Worth Is Value a Massive-Cash Contract – NBC4 Washington

Ross Tucker asks if Scherff’s worth is worth a big deal originally published on NBC Sports Washington

When Brandon Scherff joins the freelance agency this off-season, it seems like a breeze for the Washington Football team to be working to bring him back.

The veteran security guard has had a first-team all-pro season in which he was instrumental in helping Washington return to the playoffs. In addition, Scherff has stated that he wants to stay in Burgundy and gold and see the transformation of the franchise through. While his next contract is going to be expensive, it’s worth locking him up and securing the offensive line, isn’t it?

Former NFL offensive lineman Ross Tucker isn’t so sure if that’s the case. Keep talking 106.7 “BMitch & Finlay” by the fan He stated that the award may not be worth the reward.

“When I see guards being projected like $ 16 million a year, I think he’s a really good player. I sometimes wonder if a security guard … if a security guard really offers that much value, “Tucker said.” Especially someone who was just as much in the line-up as Brandon. “

His point of view of what a guard means to an NFL team doesn’t come from the outside, as Tucker played in that position for most of his five-year career. He understands it’s important for an offensive line, but in terms of financial compensation, he doesn’t see Scherff’s planned salary as equivalent to what he appreciates the position.

As Tucker explained, this has in part to do with Scherff’s injury history. Despite his success over the years, the security guard hasn’t played a full season for Washington since 2016. The wear and tear on Scherff and his inability to temporarily stay in the field have made Tucker fear that a big treaty could come back to bite Washington.

Download and subscribe to the Washington Football Talk podcast

Tucker’s opinion also comes from what he’s seen in the league when it comes to dealing with guards. He noted that New York Giants security guard Kevin Zeitler, who signed a three-year contract in 2019 with an average salary of around $ 10.6 million, and Andrew Norwell’s average cost of $ 13.3 million a year lately emerged as potential cap shedding measures.

These teams once thought these somewhat expensive contracts were worth it, but just a few years later it’s a commitment that organizations aren’t sure they can move on.

Seeing this, Tucker doesn’t want Washington to get into a similar situation. He has no problem with Scherff making the money the current market allows. He’s just not sure if it’s an investment that will pay off later.

“We all know that O-Line is really important, D-Line is really important. You’re good at D-Line, you don’t want to let people like Brandon Scherff go. But I feel like most of the teams that pay the top of the market for these guards say a year or two later, “Are we really getting our money’s worth there?” Tucker said.