DNC chairwoman mum on 2012 convention fundraising

RALEIGH (AP) – The head of the Democratic National Committee is distancing herself from the effort to raise money for her party’s 2012 convention in Charlotte, which fell millions short despite breaking a pledge to forgo cash from special interests.

At a campaign event Thursday in North Carolina, DNC Chairwoman Debbie Wasserman Shultz said she knows nothing about the sources for the $24 million raised by the convention’s host committee, an amount well short of its $36.7 million goal. To make up the gap, organizers spent $5 million donated by corporations to rent the convention hall and borrowed $8 million more from a credit line underwritten by a corporate partner.

Wasserman Shultz pledged in Charlotte last year that the convention would be paid for without money from corporations, lobbyists or political action committees.

POST A COMMENT

Most Important Opinions

Tort/Negligence – STCA – Schools & School Boards – Bus/Van Collision – Right of Way – Bus Driver’s Lookout (access required)

Bartlett v. Wayne County Board of Education Plaintiffs contend that the majority of eyewitnesses in this case testified that the responding officer’s diagram depicting the accident scene was accurate, that the diagram demonstrates plaintiffs’ “van had to have been almost directly in front of the bus at the time [the bus driver] started her turn,” and that this evidence conclusively established that the bus driver failed to yield the right-of-way to plaintiffs’ van.

Taxation – State Income — U.S. Treasury Bonds – Market Discount Income – First Impression — Interest (access required)

Fidelity Bank v. North Carolina Department of Revenue Even though the N.C. Revenue Act uses the Internal Revenue Code to determine state net income, and even though the Code treats “market discount income” on U.S. Treasury bonds as interest for purposes of the Code, under the N.C. Revenue Act market discount income on U.S. Treasury bonds is treated as income rather than interest.

Contract – Forum Selection Clause – Arbitration – Labor & Employment (access required)

Apex Tool Group, LLC v. Ingersoll-Rand Co. Neither plaintiff nor the individual defendants are Texas residents; nevertheless, each of the individual defendants’ employment agreements includes an unambiguous and mandatory forum selection clause, which says any lawsuit involving the agreement must be brought in Harris County, Texas. The employment agreements were entered into by plaintiff’s predecessor and the individual defendants, who apparently did not live in Texas when they entered into the contracts and thus apparently anticipated interstate travel in the event of a trial.