Thursday, November 20, 2003

California Politics: New Governor Raises Money

Arlo Guthrie once said of California, "Some things don't change, you know. Some things do." It's not clear yet exactly which is which with the new Governor's administration.

Governor Raises $1 Million Since Election (Los Angeles Times 11/18/03)

<< Gov. Arnold Schwarzenegger has raised more than $1 million since his election last month, including at least $360,000 from car dealers, developers, telecommunications firms and others who paid for Monday's swearing-in events.

<< Schwarzenegger said Monday he intends to raise more money to promote his agenda. >>

Dollars are still pouring in to governor (San Francisco Chronicle 11/19/03)

<< Gov. Arnold Schwarzenegger has raised nearly $1.3 million in campaign contributions since he was elected Oct. 7, including a $100,000 contribution from a company with a huge stake in the outcome of his effort to reform worker's compensation.

<< American International Group, of New York, gave Schwarzenegger the six- figure donation Thursday. The New York insurance giant is the largest of just a handful of underwriters of workers' compensation insurance in California. Schwarzenegger has made reform of the struggling workers' compensation system one of the top priorities of his new administration.

<< The company registered as a lobbyist on the two workers' compensation reform bills that passed through the Legislature earlier this year. Any decision that reduced profitability for insurance underwriters would harm AIG's interests in California. >>

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