Monday, November 17, 2008

Topic 3: Campaign finance

here's this month's topic:

Campaign finance reform is the common term for the political effort in the United States to change the involvement of money in politics, primarily in political campaigns.

Although attempts to regulate campaign finance by legislation date back to 1867, the first successful attempts nationally to regulate and enforce campaign finance originated in the 1970s. The Federal Election Campaign Act (FECA) of 1972 required candidates to disclose sources of campaign contributions and campaign expenditure. It was amended in 1974 with the introduction of legal limits on contributions, and creation of the Federal Election Commission (FEC). It attempted to restrict the influence of wealthy individuals by limiting individual donations to $1000 and donations by Political Action Committees (PACs) to $5000. These specific election donations are known as ‘Hard money’. The Bipartisan Campaign Reform Act (BCRA) of 2002, also known as "McCain-Feingold," after its sponsors, is the most recent major federal law on campaign finance, which revised some of the legal limits of expenditure set in 1974, and prohibited unregulated contributions (called "soft money") to national political parties. ‘Soft money’ also refers to funds spent by independent organizations that do not specifically advocate the election or defeat of candidates, and are not contributed directly to candidate campaigns.

Topic 2: Peace and security

This is another topic everyone writes letters about.

Following the 1948 Arab-Israeli War, the 1949 Armistice Agreements between Israel and neighboring Arab states eliminated Palestine as a distinct territory. With the establishment of Israel, the remaining lands were divided amongst Egypt, Syria and Jordan. The Arab governments at this point refused to set up a State of Palestine.
The region as of today: Israel, the West Bank, the Gaza Strip and the Golan Heights

In addition to the UN-partitioned area it was allotted, Israel captured 26% of the Mandate territory west of the Jordan river. Jordan captured and annexed about 21% of the Mandate territory, known today as the West Bank. Jerusalem was divided, with Jordan taking the eastern parts, including the Old City, and Israel taking the western parts. The Gaza Strip was captured by Egypt.

For a description of the massive population movements, Arab and Jewish, at the time of the 1948 war and over the following decades, see Palestinian exodus and Jewish exodus from Arab lands.

Topic 1: Offshore drilling

something about drilling, blah.

The principle of supply and demand suggests that as hydrocarbon supplies diminish, prices will rise. Therefore higher prices will lead to increased alternative, renewable energy supplies as previously uneconomic sources become sufficiently economical to exploit. Artificial gasolines and other renewable energy sources currently require more expensive production and processing technologies than conventional petroleum reserves, but may become economically viable in the near future. See Energy development. Different alternative sources of energy include nuclear, hydroelectric, solar, wind, and geothermal.