Chapter 743 Fair Vision

As of now, the main investor of a super PAC called "Fair Vision" is IC Capital.

The predecessor of Fair Vision was a committee established by Ivanta to support some American politicians in elections. Currently, the committee has more than 250 million US dollars in funds. In addition to IC Capital, its investors include Woaw Technology, Standard Chartered-Merrill Lynch Capital, Blue Valley Capital and many other companies...

"Super PAC" evolved from the Political Action Committee (PAC), which is a new thing that appeared after 2010. The Political Action Committee is a non-profit organization that has existed in American society for a long time. Its role is to raise funds to support candidates or factions.

Many people may know that American law has restrictions on political action committees in terms of donations and financial support for candidates. Any individual or organization cannot donate more than 5,000 US dollars to the Political Action Committee for each election.

But this was before January 2010 this year.

In fact, this regulation has changed now because of a ruling by the Supreme Court of the United States.

In 2008, former first lady Hillary Clinton participated in the primary election of the Democratic Party as a candidate. An organization called "Citizens United" produced a documentary attacking Hillary Clinton and planned to broadcast it on TV, but the local court ruled that the documentary was equivalent to a campaign advertisement in nature and violated the relevant provisions of the election law in terms of broadcast time and production costs.

"Citizens United" then took the matter to the Supreme Court. In January 2010, the nine judges of the Supreme Court voted 5 to 4 and ruled that the relevant election laws and regulations in force at the time were unconstitutional.

According to this ruling, there should be no limit on the amount of donations made by American commercial companies, labor unions and social groups to political action committees, and super political action committees came into being.

Of course, almost all American super-rich people and large companies have similar committees they support, such as the Koch brothers, the largest funder of the Democratic Party.

As one of the most well-known super-rich people in the United States, controlling the Koch Industries Group, Americans call the Koch family the "Koch Octopus", referring to the Koch family's unparalleled influence, just like an octopus with countless tentacles.

It is no exaggeration to say that before every election, the candidates of the Democratic Party need to meet with the Koch brothers in turn, just like an "interview" to seek their support.

In addition, there is another American super-rich man, who is also an old acquaintance of Barron - Bloomberg, the owner of Bloomberg. This is also a heavyweight. As a super-rich man with assets exceeding 30 billion US dollars, he directly went on stage and donated to himself to run for election.

In addition to being the mayor of New York for three consecutive terms, Bloomberg has also participated in the American general election before...

Although the current influence cannot be compared with the above two, the current "Fair Vision" as a Super PAC has participated in the American general election, the congressional election, and the state legislature election, and has extended its tentacles to deeper and deeper places.

If you may invest 50 million US dollars in a candidate in the increasingly expensive American general election, and you can only get some tangible returns after he finally wins, then for state legislators, a donation of 500,000 US dollars can make them grateful and open their hearts to you.

If you have enough support from state legislators, congressmen, and even the president, then it will not be difficult to pass many related bills.

After all, the rules of the game in America have always been like this. Under such rules, money naturally turns into power, or in other words, money is power.

This time, Ivanta sent her assistant not only to meet with Billy Porter, a state legislator, but she would not be involved in the case of David Smith. Her purpose was very simple, which was to ensure that before the prosecution had solid evidence, it would not leak some related suspicions to the media in advance because of the eagerness for quick success. This would indeed affect the operation of the Sinclair Group and the interests of IC Capital as a major shareholder.

Moreover, as long as John Smith did not do stupid things, then even if the prosecution had doubts about the cause of David Smith's death, it would be difficult to find enough evidence to convict John Smith.

Ivanta just wanted to ensure that the Attorney General of Maryland could be more sober. Of course, if this case could be successfully charged, then with the influence of the Sinclair Group involved, he would immediately become a well-known figure.

But in the same way, if the conviction fails, then the anger of the shareholders of the Sinclair Group, including John Smith, whose interests have been damaged, is it something that a state attorney general can bear?

…

When the motorcade drove into Cavendish Garden, Fan Bingbing and his two children were already waiting here.

“Andy, call daddy.”

When Barron held his daughter Belle in his arms, Fan Bingbing said to the cute boy beside her.

It can be seen that Andy was a little nervous. He held his mother's hand tightly, looked at the man in front of him with big eyes timidly, and whispered:

“Dad…”

Barron knew that the child was a little shy because he rarely met them. He also held his son in his other arm:

"Did you listen to your mother obediently?"

"Yes."

Andy looked very well-behaved. Barron put the children down and then hugged the woman in his arms.

Yes, Barron came to the Magic City of China from Australia.

It was almost April, and before returning to London, he came to China again.

Unlike other children, Barron did not insist that he and Fan Bingbing's children go to London. After all, in his heart, as a bond from the previous life, he did not refuse his children to receive more education in China.

Although before this, Fan Bingbing often went to London or America to visit Barron and get along with him, she was also very happy that he could come to China specifically.

In addition to getting along with them, when he came to China, Barron would also pay attention to the development of Tianhe Capital.

Prior to this, Tianhe Capital's fund in HK, IE Fund, obtained extremely rich returns through its investment in the United States during the subprime mortgage crisis and its subsequent participation in shorting the Japanese and Korean markets.

Some of these funds were used to invest in industries including Nanjing Automobile Group and Tianhe Real Estate. In addition, IE Fund also established an industrial investment fund called China Future, which will invest in some China projects.

Currently, China Future's largest investment is to hold 15% of Zhalang's shares through acquisitions and capital injections.

In the second half of last year, Zhalang launched a new project called Zhalang Weibo.

Baron certainly knows that Zhalang Weibo will play an important role in the future as a media platform, so his main purpose of investing in Zhalang is to see the future development potential of Zhalang Weibo.

You know, most of Zhalang's market value in the future will come from their holdings in Zhalang Weibo...