While Sheldon Adelson and the Koch brothers have become emblematic of outside spending at the national level, it is local outside spending that could have the greatest impact on policy.
Jerry Perenchio is California's homegrown Sheldon Adelson, and he's using his fortune to decide the future of the nation's most populous state. California's income inequality is among the worst in the country. And as the ongoing fight over Proposition 30 shows, that often translates into political inequality.
As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.
There's little evidence that Wall Street's changed since 2008. The drumbeat of flagrant financial crimes has continued unabated in the year since Occupy Wall Street’s inception. As Senior Fellow Wallace Turbeville aptly illustrates, the culture of the "alpha" remains.