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Pinched Oxford Wants $2.5B
 Pinched Oxford Wants $2.5B 

Pinched Oxford Wants $2.5B

Needs cash to compete with Ivy League

(Newser) - Prestigious Oxford University is pleading poverty and has begun a campaign to raise funds to make it competitive with Harvard, Yale, and Princeton for academic talent, reports the Christian Science Monitor. The university—actually a collection of individual colleges—aims to raise $2.5 billion, but even that is chump...

Sperm Donation Not 'Taxable Labor' for Danes

Sperm banks warned identity disclosure would kill the thriving exports

(Newser) - The Danish government has thought better of a plan to tax earnings from sperm donation just as it taxes any other job, Der Spiegel reports. The catch is that it would have required donors to disclose their identities, which sperm banks said would drive away 93% of their business. It...

Hillary to Repay $850K From Hsu
Hillary to Repay $850K From Hsu

Hillary to Repay $850K From Hsu

FBI probes contributions from 'straw donors'

(Newser) - Hillary Clinton's campaign will return $850,000 raised by Democratic fundraiser Norman Hsu, a fugitive from a 1991 fraud conviction who turned himself in and then skipped out on a Bay Area court hearing last week. Clinton had planned to give $23,000 from Hsu to charity, but has since...

Feds Arrest Fugitive Fundraiser in Colorado

Hsu didn't show for Cali court appearance

(Newser) - Renegade Democratic donor Norman Hsu was tracked down by the FBI in Colorado last night after skipping town again—he failed to show up in Bay Area court Wednesday for a bail-reduction hearing in connection with his 15-year-old felony theft case. The FBI  charged him with unlawful flight to avoid...

Dem Moneyman May Be on the Lam Again

New warrant issued for Hsu after California court no-show

(Newser) - A top Democratic fundraiser is in more trouble after failing to appear in a California court today for a bail hearing, the San Francisco Chronicle reports. A judge revoked Norman Hsu's $2 million bail and issued a new warrant for his arrest. “It could be a mistake, somehow, on...

Taxpayers Foot Governator's Travel Frills

Donors get breaks, and maybe access, for funding Arnold's luxury

(Newser) - California Governor Arnold Schwarzenegger travels on private jets and racks up six-figure trip expenses, thanks to the largesse of a shady nonprofit group whose secret donors get tax breaks, the LA Times reports. Watchdogs claim the 501(c)(3) is an abuse of a system intended to reward donations to needy causes.

Corporate Donors Snub McCain
Corporate Donors Snub McCain

Corporate Donors Snub McCain

It's payback time for a career as Senate ethics reformer

(Newser) - John McCain is lagging far behind his GOP primary rivals in fundraising, in part because he's alienated so many big corporate donors in his Senate career. All that straight talk about minimizing the influence of money on politics has taken its toll, the New York Times notes. One defense industry...

Next World Bank Prez Meets World
Next World
Bank Prez
Meets World

Next World Bank Prez Meets World

Zoellick begins circuit to meet and greet bank's poorest clients

(Newser) - Former trade rep Robert Zoellick embarked on a world tour yesterday, in advance of his likely ascension to president of the World Bank this month. Zoellick will stop in Africa to visit the bank's largest beneficiaries, and Europe to schmooze with its largest donors. "I want to leave no...

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