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Pennsylvania’s GOP Senate primary draws backing from some of Wall Street’s biggest billionaires, making it one of the most expensive midterm races

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Pennsylvania’s GOP Senate primary draws backing from some of Wall Street’s biggest billionaires, making it one of the most expensive midterm races


Wall Road executives are pouring thousands and thousands of {dollars} into the Republican main race for Pennsylvania’s open U.S. Senate seat — the place veteran doctor Dr. Mehmet Ouncesand former Bridgewater CEO Dave McCormick lead within the polls — making the first some of the costly within the 2022 midterm elections.

In the course of the first quarter, dozens of the lads’s allies and shut associates — present and former Wall Road CEOs and executives — have hosted fundraisers, directed contributions to their campaigns and donated on to the candidates and political motion committees supporting their bids, in response to Federal Election Fee filings, invites to personal fundraisers, and interviews with individuals near each males, a few of whom requested to not be named with a view to converse freely.

The race to exchange retiring GOP Sen. Pat Toomey is a important one that might assist decide the steadiness of energy within the chamber, which is evenly divided between Republicans and Democrats. The Prepare dinner Political Report marks the Senate seat as a toss-up, and a Actual Clear Politics common of polls exhibits McCormick with an edge over Ounceswithin the Republican main.

The competition has drawn assist from executives at Goldman Sachs in addition to billionaire CEOs at Blackstone Group and Citadel, amongst others.

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Greater than $45 million has been spent thus far on TV, radio and digital advertisements within the GOP main, in response to information offered by advert tracker AdImpact. Oz, McCormick and Honor Pennsylvania, an excellent PAC backing McCormick, have every spent over $11 million on advertisements within the main race. American Management Motion, an identical tremendous PAC backing Oz, has spent simply over $3 million on promoting within the main thus far.

Tremendous PACs are instruments for allies to supply exterior assist for federal candidates. Although the campaigns do not management how they spend their cash, tremendous PACs can elevate and spend an infinite sum of money backing their most popular nominee.

Each males have been extremely nicely linked earlier than getting into politics. Oz, because the host of “The Dr. OuncesShow,” had an extended and profitable TV profession nurtured by Oprah Winfrey, whereas McCormick ran Bridgewater, one of many world’s largest hedge funds. McCormick’s spouse, Dina Powell McCormick, is an govt at Wall Road big Goldman Sachs.

With connections like that, it hasn’t been troublesome for both candidate to boost cash. Ouncess marketing campaign has raised over $13 million thus far, with $7.5 million within the first quarter that included an almost $6 million mortgage from Oz. McCormick’s marketing campaign, in the meantime, raised $11 million within the first quarter, which features a mortgage of slightly below $7 million from the candidate, who formally entered the race in January.

Executives at Goldman have been backing McCormick’s marketing campaign, with practically 60 of the agency’s leaders donating on to his operation, FEC data present. Goldman CEO David Solomon hosted a fundraiser for the candidate in February, whereas John Rogers, chief of employees and secretary to Goldman’s board of administrators, has been encouraging different Goldman leaders to donate to the marketing campaign, in response to individuals aware of the matter.

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Solomon personally gave $5,800 to McCormick’s marketing campaign in January. Rogers donated $50,000 late final yr to the pro-McCormick Honor Pennsylvania, in response to election data. Not like marketing campaign donations, that are capped at $5,800 per candidate per election cycle, donors may give an infinite sum of money to tremendous PACs beneath marketing campaign finance guidelines.

Rogers was additionally amongst a gaggle of enterprise leaders in January who co-hosted a fundraiser in New York for McCormick’s marketing campaign, in response to a duplicate of the invitation.

A spokesperson for Goldman didn’t reply to requests for remark.

Mike Novogratz, the CEO of Galaxy Digital and a detailed good friend of each McCormicks, informed CNBC he senses the Wall Road assist comes from what he says is the idea that the previous Bridgewater CEO’s insurance policies are extra “middle proper.” Information present he has but to donate to McCormick’s marketing campaign.

“Wall Road is centrist,” Novogratz stated in explaining the backing.

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Wall Road companies usually again candidates on either side of the aisle. Goldman’s political motion committee and its workers, as an illustration, donated a mixed $1 million to Barack Obama’s marketing campaign when he first ran for president in 2008, in response to the Heart for Responsive Politics. President Joe Biden noticed greater than $70 million from Wall Road in his run for the White Home.

McCormick is seen as a potential ally in Washington to enterprise leaders if he have been to win the overall election in November.

“Supporting Dave is a simple name for a lot of enterprise execs,” Reginald Brown, a companion on the legislation agency Kirkland Ellis, stated in an e-mail. Brown gave $5,800 to McCormick’s marketing campaign in January, FEC filings present. “There is a sturdy sense that he will not be a free cannon and is able to be a statesman in a really difficult world.”

“Dr. Ouncesis a TV persona who served on the President’s Council on Health. Not a tough alternative for pragmatic enterprise leaders,” Brown stated. Ouncessat on former President Donald Trump’s Council on Sports activities, Vitamin and Health earlier than Biden dropped him.

A number of Wall Road billionaires appear to agree on McCormick.

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Ken Griffin, the CEO of Chicago-based funding agency Citadel, has donated $7.5 million to the pro-McCormick tremendous PAC thus far, together with $2.5 million in March.

Blackstone CEO Steve Schwarzman gave the pro-McCormick group $500,000 in February, and Paul Singer, founding father of hedge fund big Elliot Administration, donated $1 million that very same month.

Nelson Peltz, the co-founder of funding agency Trian Companions, contributed $80,000 to the pro-Ouncessuper PAC within the first three months of the yr. Billionaire hedge fund founder John Paulson donated $5,800 on to Ouncess marketing campaign.

American Management Motion, the PAC solely backing Ouncess marketing campaign, has spent over $3 million taking purpose at McCormick, in response to information from the nonpartisan Heart for Responsive Politics.

Representatives for Schwarzman, Singer, Peltz and Paulson didn’t reply to requests for remark.

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Griffin stated he inspired McCormick to run.

“After I heard David was contemplating operating for the Senate, I urged him to take action as our nation can be in good palms if proficient and dedicated people like him are elected to public workplace,” Griffin stated. He pointed to McCormick’s Gulf Warfare army service and his document in authorities, together with roles on the Commerce and Treasury departments beneath then-President George W. Bush.

Each McCormick and Ounceshave shut private relationships with billionaire Ray Dalio, the founding father of Bridgewater, who hasn’t donated to both of the campaigns.

Ouncesalso has his personal associates on Wall Road and counts Trump amongst his supporters.

John Mack, the previous CEO and chairman of Morgan Stanley, contributed $600,000 over the primary two months of the yr to the pro-Ouncessuper PAC, federal election data present. Mack informed CNBC he is supporting Ouncesfor a variety of causes, together with his work in New Orleans throughout Hurricane Katrina and for what Mack stated is his preventing spirit that he’ll deliver to Washington if he turns into a senator. Mack was recognized on Wall Road as “Mack the Knife” for his cost-cutting efforts and his consideration to detailed effectivity at Morgan Stanley.

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“He fights for what he believes in,” Mack informed CNBC in a textual content message.

Whereas Trump just lately endorsed Oz, a few of Trump’s outdated allies have donated to the McCormick camp.

McCormick has acquired donations from Ray Washburne, an actual property mogul and former finance chair of the Republican Nationwide Committee; Brian Ballard, a veteran lobbyist and main fundraiser for Trump; and Christine Toretti, an oil and gasoline govt who was a part of Trump’s transition staff and his nominee for ambassador to Malta earlier than her nomination was despatched again by the Senate.

Washburne is a heavy hitter on the marketing campaign path. He was additionally a part of Trump’s transition staff and was one in all Bush’s political fundraisers throughout his 2000 and 2004 campaigns.

Jess Szymanski, a spokeswoman for McCormick’s marketing campaign, downplayed McCormick’s Wall Road ties in an emailed assertion. She famous that the previous Bridgewater govt has additionally raised $1 million from Pennsylvania donors in all 67 counties and that he has sufficient assist to win an costly race.

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“Dave McCormick has proven he’s the one one on this race who has the broad assist and fundraising power needed to steer some of the costly and vital Senate races within the nation and maintain the seat in Republican palms,” Szymanski stated.

Ouncess marketing campaign took the chance to focus on McCormick.

“David McCormick is the final word institution insider. He continues to flounder, regardless of spending thousands and thousands on a China-funded smear marketing campaign,” Ouncesspokeswoman Brittany Yanick stated in an e-mail.



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Pennsylvania

Race data from traffic stops by State Police, other departments won’t be available under Pa.’s public records law

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Race data from traffic stops by State Police, other departments won’t be available under Pa.’s public records law


This story originally appeared on Spotlight PA.

Gov. Josh Shapiro is poised to sign a bill that requires Pennsylvania State Police and many other law enforcement agencies to collect data on drivers pulled over during traffic stops, including their race or ethnicity.

But the bill also exempts those data from the state’s Right-to-Know Law, filtering it instead through State Police or a third party — a concern to public information advocates.

“I’d like someone to explain to me why the data should not be subject to the Right-to-Know Law,” said Craig Staudenmaier, an attorney with Cohen Seglias who specializes in Pennsylvania’s public information law. “It seems like, you know, there’s a purpose behind the gathering of the data. Therefore, why shouldn’t that be publicly available?”

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The provision is part of a larger bill that would empower police to pull over people for handling their cellphones while behind the wheel.

Under its data collection component, State Police and an estimated 452 departments that serve at least 5,000 people would have to collect data on the reason for any traffic stop; the driver’s race or ethnicity, gender, and age; whether a search was initiated and if the driver consented; and whether the stop resulted in a citation, arrest, or other action.

The legislation would provide some level of access to that information. It directs State Police to collect local departments’ data and compile the information in an annual report, with analysis to be done either by the agency or a third party.

The result of that work, the bill says, should be made “publicly available by posting the annual analysis and report on a publicly accessible Internet website.”

But that’s not the same as true public access, said attorney Zachary Gordon of Pittsburgh’s Del Sole Cavanaugh Stroyd, who also does public information work and has concerns about the provision.

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“While it might give a similar picture, it really limits what else the public may want to request,” he said, noting that the setup will also keep people from being able to ask for information frequently — they’ll have to wait for new reports to come out once a year.

Along with that delay, Staudenmaier said, “The information is being filtered through the organization putting up a report. … You should be allowed to get it and look at it and draw your own conclusions, and not have to have them spoon-feed you.”

The bill originated in the state Senate and was amended by Democrats on a state House committee to mandate police collect driver data. That amendment also said that the data would not be accessible under the Right-to-Know Law.

The amendment was introduced by state Rep. Ed Neilson (D., Philadelphia), who did not respond to a request for comment about the RTK exemption.

The office of state Sen. Rosemary Brown (R., Monroe), the bill’s main sponsor, didn’t respond when asked why that language was included. A spokesperson for state House Democrats, who control the chamber, also did not comment; nor did Shapiro’s office.

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State Police already voluntarily record racial data on all “member-initiated” traffic stops, though the agency quietly paused collection a few years ago before resuming the practice.

Data from 2022 were analyzed by the nonprofit National Policing Institute. First and second quarter reports were released in September 2022; a third quarter report was released in November 2022; and an annual report was released in May 2023.

A spokesperson for State Police said the schedule was based on the National Policing Institute’s ability to complete its analysis. The agency has not released a new report since last May.

Some local departments also collect racial data on traffic stops, but the policy isn’t universal.



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Pennsylvania’s shale gas boom also has a key ingredient for electric vehicles

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Pennsylvania’s shale gas boom also has a key ingredient for electric vehicles


Mackey’s research, published recently in Nature Scientific Reports, says the brine water that lies deep within the Marcellus Shale — and comes to the surface during gas production — could provide 38–40% of the current domestic demand for lithium, which is estimated at 3,000 metric tons a year. But that demand is expected to jump to 340,000 metric tons by 2032.

Lithium is now considered one of the most essential components for the energy transition. Rechargeable lithium-ion batteries are light and able to store a lot of energy. They power electric vehicles, computers, iPhones and large battery storage facilities.

“So, we’re going to need a lot of lithium if we’re going to decarbonize all of these things,” Mackey said.

The Bipartisan Infrastructure Law requires electric vehicle batteries to use domestically sourced raw materials by 2030. The law’s aim was to reduce dependency on Chinese sources of lithium and will likely increase the domestic demand. The Biden administration also recently imposed steep tariffs on electric batteries and vehicles coming from China.

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More than half of the global supply of lithium is extracted from subsurface brine deposits in Chile and Argentina’s Atacama Desert, then shipped to China to be processed into lithium carbonate or lithium hydroxide, which is then used to make lithium-ion batteries.

David Boutt, a hydrogeologist and professor at the University of Massachusetts, Amherst, who  was not involved in the study, said the analysis done shows the Marcellus Shale could be a large source of lithium.

“These are very high lithium concentrations. And some of them are approaching concentrations of lithium that we see in [South America],” said Boutt, who researches lithium systems in the U.S., Canada and South America. He said in South America, there are concerns about extracting too much water in an arid landscape.

“So having a source of lithium in what is essentially a waste product is a really important step,” he said. “I think how we get [enough supply] is having multiple sources of lithium that have low-carbon and low-water footprints.”

But extracting the lithium from the wastewater is not easy, Boutt said, and would require a large amount of energy.

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While the U.S. has very little current domestic supply, it does have the world’s first lithium mine in Nevada. The Silver Peak mine extracts lithium using hard-rock mining, which is energy and water-intensive. The Department of Energy just agreed to a $2.26 billion loan to help jump-start another lithium mine in Thacker Pass, Nevada.

A new domestic source of lithium from brine is the Smackover Formation of Arkansas, operated by Standard Lithium. Exxon Mobil has invested heavily in lithium production in that formation.

But questions remain on the economic feasibility of extracting lithium from Marcellus Shale wastewater.

One company that operates in the Marcellus Shale has already begun developing a process to  extract lithium from the wastewater. Eureka Resources reported back in July that it “extracted 97% pure lithium carbonate from oil and natural gas brine from production activities with up to a 90% recovery rate.”

The company is based in Williamsport and operates two wastewater treatment facilities in Pennsylvania. It says it uses a closed loop system that combines “physical and chemical treatment, concentration and crystallization,” similar to the process it uses to extract and sell salts, such as sodium chloride and calcium chloride. In the press release, it said it expects to be selling lithium within two years.

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But Boutt said it’s unlikely that oil and gas companies are going to rush to sell lithium. “There’s a lot of work that goes into making battery-grade lithium,” he said.

And once the lithium is extracted, there is still the issue of disposal of the remaining wastewater that could still contain toxic substances, whether it gets used to frack another well or if it gets shipped off to a deep injection well for disposal.



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Family of Black Pa. teen wrongly executed in 1931 seeks damages after 2022 exoneration

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Family of Black Pa. teen wrongly executed in 1931 seeks damages after 2022 exoneration


The family of the youngest person ever executed in the state of Pennsylvania — a Black 16-year-old sent to the electric chair in 1931 and exonerated by the governor in 2022 — is suing the county that prosecuted him.

Alexander McClay Williams was convicted of murder in the October 1930 icepick stabbing of a white woman in her cottage on the grounds of his reform school.

Vida Robare, 34, had been stabbed 47 times. Her ex-husband, who also worked at the school, reported finding the body, and a photograph of an adult’s bloody handprint, taken at the scene, was examined by two fingerprint experts. But that wasn’t mentioned at the trial, nor was the fact that she had been granted a divorce on the grounds of “extreme cruelty.”

The 5-foot-5, 125-pound Williams instead quickly became a suspect, even though his hands were smaller, there were no eyewitnesses and no evidence linked him to the crime. He was held for days of interrogation without his parents or a lawyer on hand, and ultimately signed three confessions, researchers found.

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He was convicted by an all-white jury on January 7, 1931, and executed five months later, on June 8.

“They murdered him,” Susie Williams Carter, 94, of Chester, the last surviving sibling in the family of 13 children, said at a press conference Monday. “They need to pay for killing my brother.”

She was only about a year old at the time, and her parents, devastated, did not talk about it much. They had run a boarding house in Coatesville, but abandoned the business and left town as the scandal garnered national attention, she said.

“This tragedy haunted the family, haunted the parents, haunted Susie, haunted (trial lawyer) William Ridley and his family,” said Philadelphia lawyer Joseph Marrone, who filed the federal lawsuit on Friday against Delaware County and the estates of two detectives and a prosecutor who had pursued the case.

“There was nothing to connect him to the murder. He was a convenient Black boy at the hands of these detectives and this prosecutor,” Marrone said.

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Gov. Tom Wolf apologized on behalf of Pennsylvania when he exonerated Williams, and called his execution “an egregious miscarriage of justice.” District Attorney Jack Stollsteimer said the teen’s constitutional rights had been violated, and a Delaware County judge vacated the conviction.

Williams had been sent to the Glen Mills School for Boys for starting a fire that burned down a barn, Carter said. The 193-year-old school closed in 2019 after a Philadelphia Inquirer investigation into decades-long allegations of child abuse.

Author and educator Samuel Lemon had known about the case since he was a child because Williams was defended at trial by his great-grandfather, William H. Ridley. The only Black lawyer in Delaware County at the time, Ridley had been paid $10 for the trial, with no support for investigators or experts. He faced off against a team of 15.

Lemon researched the case, tracking down the 300-page trial transcript, and found problems with the evidence, including documents that show Williams’ age incorrectly listed as 18, not 16, along with the husband’s history of abuse.

“As I unpeeled the layers, it became quite evident to me that Alexander McClay Williams was innocent,” Lemon said. “This was kind of a legal lynching.”

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Carter said the truth about her brother might never have been known if not for the work by Lemon and others.

“My mother kept saying, ‘Alex didn’t do that. There’s no way he could have done that.’ She was right. But it affected us all,” she said.



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