In this morning's news...
Corporations to Disclose Political Spending?
A ballot campaign is trying to amend the state constitution to require businesses to tell the public when they run their own political ads. A petition drive will try to put the question to voters on the November ballot. Rick Pluta reports:
The amendment takes aim at the 2010 Citizens United U.S. Supreme Court decision that allows unlimited political expenditures by corporations as a long as they are not coordinated with a candidate’s campaign. The amendment would require businesses to report political expenditures within 24 hours and identify themselves on their ads. Unions are specifically excluded. Benson says labor organizations are bound by other disclosure laws.
A group of anti-foreclosure activists says Chase bank continues to wrongly foreclose on people’s homes. And as part of the “Occupy our Homes” movement, they plan to fight for eight Metro Detroit homeowners they say are victims. “Chase bank and other mortgage lenders signed a consent agreement with the federal government in the wake of the national foreclosure crisis. The group says they want Chase to work with the homeowners—but they’ll physically defend the home from foreclosure if necessary. They’re also taking up the case of seven other families across Metro Detroit,” Sarah Cwiek reports.
Detroit businessman Bobby Ferguson, a friend of former Detroit Mayor Kwame Kilpatrick, obtained more than $55 million through extortion and other illegal conduct, according to federal records. “The allegations surfaced in a seizure warrant affidavit that was unsealed Thursday… The affidavit provides the most detailed account to date of the alleged trail running through the racketeering conspiracy case against Ferguson and Kilpatrick. It says Ferguson spent a fraction of the cash on his kids' college education, his girlfriend and construction equipment. The 43-year-old Ferguson is awaiting trial in separate federal corruption and bid-rigging cases,” the Associated Press reports.