Opinion

Stories I’d like to see

Newt’s new gigs, following the Sandy money, and hedge-fund matchmakers

Steven Brill
Jan 29, 2013 13:05 UTC

1.     Newt’s new gigs:

One of my favorite side stories of last year’s presidential campaign had to do with the details that emerged about all the money Newt Gingrich had been making in recent years from speeches, books and lobbying (which he insisted was merely consulting or “advocacy”). As I wrote at the time , Gingrich’s release of his tax returns (when he was taunting Mitt Romney to do the same) was so intriguing because most of his $3.1 million in 2011 income was derived from something called Gingrich Holdings Inc. This was the clearinghouse for his various activities, and it presented him ample opportunity to get tax breaks by routing all kinds of personal expenses through his private corporation. It was an only-in-Washington success story.

With his losing campaign having diminished whatever luster Gingrich might have had, it would be interesting to see whether and how he and his wife, Calista, have revived Newt Inc. Washington seems to be a place where even the politicians pushed furthest to the sidelines can make a good living off of who they once were, who they know and, in the case of books and speeches, their true believers. Gingrich post-2012 puts that theory to a new and interesting test.

What kind of gigs has the former speaker lined up? Where has he been making the rounds trying to land “consulting” retainers? Who’s turned him down and who’s signed him up?

And while we’re contemplating the fate of pols pushed offstage, can’t someone get the scoop on what Mitt Romney is up to?

2. Watching the Sandy money:

With the Senate following the House of Representatives this week in passing a $50 billion aid package aimed at repairing the damage done by hurricane Sandy, it’s time for the New York and New Jersey press to gear up and follow all that money. It’s the kind of story the New York Post is usually good at, but everyone should be on the case.

A working legislature, post informant life and Wal-Mart’s guns

Steven Brill
Jan 15, 2013 04:30 UTC

A legislature that works:

Maybe it’s because I live in New York and have to read all the time about what may be the world’s two most dysfunctional legislative bodies – in Albany and Washington. But I wish a reporter for a national news organization would try to find the country’s best state legislature. A place where Democrats and Republicans actually work together. A place where money isn’t everything, and where everything isn’t done at the 11th hour, or later, followed by an orgy of self-congratulation.

We’ve got 50 states. They can’t all be governed by lawmakers who embarrass their constituents. Which ones function well, and why? What conflict-of-interest, campaign-spending or other rules do they have that help keep things in line? What makes them different, and how can we export their success to the rest of our capitals?

The afterlife of a Wall Street rat:

“Mr. Wang’s lawyer said his client is ‘isolated and broke’ following his cooperation.”

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