California Treasurer Bill Lockyer, who never realized his ambition of governing the most-populous state, may remain a powerbroker after leaving office with $2.5 million in campaign funds and four decades in politics.
Mitt Romney has followed the playbook for winning the Republican presidential nomination to the letter. He raised more money than his opponents and built a national organization. He piled up endorsements from prominent party insiders. He proved he could win in a bellwether primary in New Hampshire and a major state in Florida.
Federal Reserve Chairman Ben S. Bernanke is predicting an election-year economy that’s neither here nor there: growth that disappoints yet keeps the U.S. from slipping back into the recession billionaire Bill Gross has indicated may happen.
Democrats have turned to an agenda that Republicans are calling class warfare, as President Barack Obama presses a “Buffett Rule” to tax the rich, Senate Democrats offer a millionaires’ tax instead and party leaders fulminate against Bank of America’s $5 debit-card service fee.
Republican front-runner Mitt Romney, who has cast the 2012 presidential campaign as “free enterprise on trial,” finds himself in a struggle over the role of capitalism in an unlikely place: within his own party.
Leland Yee, a candidate for San Francisco mayor, worked his way through the beauty salons and restaurants lining West Portal Avenue, asking shop owners about their business and listening attentively to the concerns of residents out for an afternoon manicure.