Future Fund News
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Patriot Majority USA, a social welfare nonprofit, told the Internal Revenue Service that its mission is “to encourage a discussion of economic issues.” In exchange for keeping its donors private and paying fewer taxes, it must limit its involvement in politics.
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West Virginia Governor Earl Ray Tomblin said for the first time that he will expand Medicaid under President Barack Obama’s health-care law.
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Australian Prime Minister Julia Gillard yesterday unveiled a plan to boost education spending by A$14.5 billion ($15.2 billion) over six years in what she called the biggest overhaul of school funding in 40 years.
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The Australian Greens, who helped Prime Minister Julia Gillard win power, want the government’s Future Fund investment program changed to prevent the holding of tobacco company shares.
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Creditors are teaming up with equity holders in threatening to stop investing in Norway if it goes ahead with a proposed cut in gas infrastructure income.
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Australia will cap school-related tax breaks as part of more than A$2 billion ($2.1 billion) in cuts to university support as it seeks to curb spending in next year’s budget.
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Australia’s sovereign wealth fund offered to buy the assets of the country’s largest listed infrastructure fund for A$2 billion ($2.1 billion), seeking steady earnings from airports across the nation.
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Australia, which is introducing some of the toughest anti-smoking laws in the world, invested A$147.7 million ($148.2 million) in shares of tobacco companies including British American Tobacco Plc to pay for politicians’ retirement.
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Ben Nelson doesn’t face re-election to the U.S. Senate for another year and won’t know his opponent until next May. Yet advertising attacks on the second-term Democrat began months ago.
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Sean Noble, a former congressional aide, had an account ready when the U.S. Supreme Court ruled in 2010 that corporations could join wealthy donors and spend freely in federal elections. In less than a year, he had $62 million at his disposal.
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