Thursday, July 22, 2010

personal finance blog



To hear Sarah Palin tell it, she and her mama grizzlies are people-powered, grassroots examples of how Americans can get involved in politics. But a close look at SarahPAC's campaign finance report shows she spends her donations on the same old, standard consultants as every other politician. And like many others, she still finds ways to keep her inner circle in the money.



She pulled in just shy of $866,000 in donations from people hailing from Kissimmee, Florida to Rancho Palos Verdes, California. But Marylander Laurie Beitman's $35 and the bulk of Palin's small-dollar donations is going to more than Republican candidates the former Alaska governor wants to see win this fall. By our count, Palin spent nearly $400,000 on consultants, lobbying firms and the standard direct mail and fundraising firms politicians frequently use. (The AP had a stricter consulting tally, $210,000.) Just about the only maverick-style item she purchased was $4,000 worth of sausage.


Palin spent $30,000 on "consulting, national and international issues" with Randy Scheunemann's Orion Strategies, a lobbying firm representing foreign governments.



Then there's Rebecca Mansour's Aries Petra Consulting, which Palin paid $22,000 for "internet messaging" to write those infamous Palin Facebook messages. Politico describes Mansour as a "Los Angeles screenwriter and political neophyte whose creation of the popular cheerleading blog Conservatives4Palin endeared her to Palin's inner circle."



She paid NorthStar Strategies, the firm owned by her campaign body man and former Bush administration alum Jason Recher $36,000 for "logistics political consulting."



Former press aide Meg Stapleton's IzzyLene Consulting received $2,500 for media consulting.



Palin paid $35,000 to Grey Strategies, a Columbus firm that helped her with media, logistics and political consulting. It appears to now be a newly merged firm called Grey Shockley, run by lobbyists Doug McMarlin and Leslie Beyer. According to Hotline on Call, McMarlin also travels with Palin.



True North L'Attitudes, a consulting firm created in February by an Anchorage woman named Robyn Engibous, got more than $10,000 for scheduling. Engibous, a former staffer for Sen. Ted Stevens (R-AK), also got almost $1,400 in reimbursements for office supplies and mileage.



Palin has made much of her personal wealth in speaking fees, which reportedly run up to $100,000 per speech. For speechwriting services this past quarter, her PAC paid $3,700 to Lindsay Hayes. Hayes wrote speeches for Palin during the presidential campaign; she also was a speechwriter for Sen. Stevens for several years.



SarahPAC gave another $5,000 for "clerical" work to Ivy Frye, a close confidant of Palin's who has been with her since her campaign for governor and who Palin hired as an aide in the governor's office. In addition to the $5,000, SarahPAC gave Frye almost $1,500 to reimburse her for postage and copies. In the first quarter of 2010, she paid Frye $15,000 for clerical work and more than $3,000 in reimbursement for printing and shipping costs.



The PAC also pays a $10,000 monthly legal retainer, totaling $30,000 for the quarter, to the Palin family lawyer, Thomas Van Flein. Van Flein was Palin's personal lawyer while she was governor, defending her against ethics complaints. He also represented Palin's daughter, Bristol Palin, when she tried to get child support from Levi Johnston earlier this year.



Check out our past coverage of Palin's "brain trust" of advisers here.






As you’ll read tomorrow (or Monday), I’ve entered a new phase in my life. After years of hard work and long hours building this blog (time that I’ve enjoyed), I’ve been shifting things around so that I have more free time. As a result, I’m going to have more time to devote to creating quality blog posts, instead of rushing around at the last minute looking for something to write about.


Because of this, it’s time yet again to take requests. I do this about once a year, and it’s a great way to get a feel for what GRS readers are interested in. I’d be grateful if you’d take the time to leave a comment below with topic suggestions or article requests. It doesn’t matter if we’ve covered the subject in the past. If you’d like me (or one of the other GRS staff) to write about it, let me know.


Have there been too many articles about credit cards? Too few articles about credit cards? Would you like to know more about individual savings accounts? Do you like the articles about the psychology of spending? Would it be helpful to have somebody come in to explain insurance concepts in plain English? Should I try to persuade my wife to share more of her recipes now and then? Let me know what you’d like to read about!


While you’re all providing feedback about the site, here are a few recent articles of note:


Over at The Simple Dollar, Trent and his readers had a thoughtful discussion about the obligations of wealth. “I think there is some inherent distrust of the rich in the mainstream of American society,” Trent writes as he describes how a wealthy person can keep from alienating his friends. There’s so much to say about this topic; I’m tempted to write an entire article about it.


GRS reader Steven writes a blog called Hundred Goals, which is about achieving your goals while managing your finances. After Sierra’s post this morning about travel, he dropped me a line to let me know that he has a recent article about how to have a great vacation.


Speaking of vacation, my pal Jason over at No Credit Needed spent time compiling day-use fees and free days for state parks across the United States. Handy page to bookmark!


And here’s more travel! At The Art of Non-Conformity, my good friend Chris Guillebeau has posted a beginner’s guide to travel hacking. I’ve been asking him to share this info for a long time; now I’ve got to take responsibility to use the knowledge he’s shared.


Finally, I’ve been giving a lot of interviews lately. I’m much more comfortable with these than I used to be. (They used to scare me to death!) Some examples:



  • Colleen from The Frisky interviewed me about how to save money even when you’re living paycheck to paycheck. This is a tough quandary, something I’m asked about a lot.


  • In an interview with BeFrugal, I discuss frugality, happiness, and conscious spending. (Note: “the ballot” should be “the balance” — I must have mumbled.)


  • Jeff Rose at Good Financial Cents also interviewed me. This interview is very much about the process of writing a book, which may or may not interest you.


  • I also spoke with Beverly Harzog from Card Ratings. We chatted about credit cards, of course, but also about other aspects of personal finance.


  • Finally, USA Weekend has a short piece on how to give your 401(k) a midyear check, for which author Richard Eisenberg interviewed me back in May. This is a perfect example of how much work goes into even a small newspaper article. Eisenberg spent 20-30 minutes on the phone with me, and I’m sure he did the same with the other folks he quotes. Plus, I’ll bet he spent a lot of time writing. I wouldn’t be surprised if there were 4-6 hours in this small piece.


Okay, one last thing before I go. Tim pointed me to a two-year-old New York Times series about the debt trap, which includes an interactive infographic showing average household debt loads over the past century.


That’s enough links for today. Please do leave a comment with topic requests or other feedback. Meanwhile, it’s time for me to go do some yardwork…










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Reid Abandons Cap &amp; Trade in Face of Bipartisan Opposition « The <b>...</b>

Hitting a wall of bipartisan opposition to placing a price on carbon, even if just in the utility.

Brad Friedman and Desi Doyen: Green <b>News</b> Report: July 22, 2010 (Audio)

IN 'GREEN NEWS EXTRA' (see links below): Kansas heat wave kills 2000 cattle; Hundreds of dead penguins wash up on Brazilian coast; Does Egypt own the Nile? water battle brewing; Poo Power: generating electricity from sewage?; ...

Navigate The 3D Globe of <b>News</b>

TV network ABC has released a custom ABC News iPad app that's interesting for two reasons—its clever use of HTML5 and the amazing rotating Globe of News.


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Look What This Canadian Black Squirrel Is Doing - Part 1 by adawnjournal































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