Debt is the new black.
News Items covers four subjects: (1) World in Disarray, (2) Financialization of Everything, (3) Advances in Science and Technology, and (4) Electoral politics, foreign and domestic. Six days a week, not Sundays. Weekdays by ~6:45am ET. Saturdays: sometime in the morning, usually.
1. More than $1.6 billion has been spent or booked on TV ads in a dozen Senate races, with $3 out of every $4 being spent in six states — Georgia, Pennsylvania, Arizona, Wisconsin, Nevada and Ohio, according to an NPR analysis of data provided by the ad-tracking firm AdImpact. Most of that money is coming from dark money outside groups with little-to-no donor transparency — and Republicans are getting a huge boost from them. Outside groups have poured in nearly $1 billion to buoy GOP Senate candidates. Just how important have these groups been to Republicans? Eighty-six percent of the money going toward pro-GOP TV ads is coming from these outside groups, compared to 55% for Democrats. Put simply: If it weren't for these outside groups, Republican candidates would be swamped on the airwaves. The concentrated ad spending is reflective of just how narrow the fight for control of the Senate is. Republicans need a net pickup of two Senate seats to win a majority, and many of the top races will likely be decided by only a few percentage points. So the campaigns and outside groups are pouring in tens, if not hundreds, of millions of dollars in each state to sway the ever-shrinking percentage of persuadable voters. (Source: npr.org, italics mine)
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