Soros Not Funding Kasich PAC

A TELEVISION ad that incorrectly asserted that Democratic donor George Soros provided hundreds of thousands of dollars to Republican Ohio Gov. John Kasich has actually been revised.

The ad now uses guilt by association to link Kasich to Soros, declaring rather that Kasich got hundreds of countless dollars from George Soros cronies because 2 former staff members of Soros have actually contributed to New Day for America, the very PAC support Kasich for president. That still doesn’t total up to a direct donation from Soros, a billionaire financier and philanthropist, who has actually long supported Democratic prospects and causes and is backing Hillary Clinton for president.

The ad, titled Kasich Wont Play, was spent for by Relied on Leadership PAC, a very PAC supporting Sen. Ted Cruz of Texas, one of Kasichs 2 continuing to be opponents for the Republican governmental election. The group started running the initial ad in Wisconsin on March 29, ahead of the states April 5 primary, as part of a $500,000 campaign with radio, television and digital advertisements, according to report.

The initial advertisement, which is embedded above, featured side-by-side pictures of Kasich and Soros with text listed below that read, numerous countless dollars from George Soros.

Thats false. Soros hasn’t donated any money to Kasich or the super PAC supporting him, according to federal contribution records.

Nevertheless, as the inaccurate text appeared on screen, the ads narrator said that millionaires working side by side with George Soros are bankrolling his incredibly PAC.

New Day for America has actually gotten virtually $10 million in contributions, according to its most recentlatest monthly filing with the Federal Election Commission on Feb. 29. Stanley Druckenmiller, a previous hedge fund manager who was the chief strategist of Soros Fund Management from 1988 up until 2000, has actually offered $450,000 to the extremely PAC, consisting of two $150,000 donations in February. The PAC has likewise received $200,000 from Scott Bessent, who was the chief investment policeman of the very same Soros business from 2011 till 2015, when he left to start his own hedge fund company, in part, with a $2 billion investment from Soros. Combined, the 2 males represent 6.5 percent of the PACs financing.

Druckenmiller has actually long funded Republican candidates and committees while occasionally donating to Democrats, according to his contribution records. In 2015, he added to very PACs supporting New Jersey Gov. Chris Christie and former Florida Gov. Jeb Bush, both of whom dropped out of the race for the Republican election. In February, Bloomberg reported that Druckenmiller confirmed that he would support Kasich, who he said has actually been my preferred the whole time.

Bessent, on the other hand, has more evenly divided his contributions in between Republicans and Democrats, according to federal records. In 2015, he provided $2,700 to Kasichs project committee in addition to the money he gave to New Day for America. He likewise offered $10,000 to Right to Increase, the super PAC that was supporting Bush. However in 2013, Bessent contributed $25,000 to the Ready For Hillary super PAC thats supporting Clinton.

In 2000, Bessent hosted a fundraising event for Al Gore when the Democratic vice … Read the rest

School Funding Issue Uncertain

Simply as it has for years, the state continues to duck the complicated school-funding-formula issue.

As Illinois wrapsfinishes up its ninth month without a state budget, theres another, more narrow spending plan battle looming.

Its the impending skirmish over K-12 education funding for the financial that starts July 1.

Democrats in Springfield, led by Senate President John Cullerton, state they desirewish to reword the states outdated school-funding formula prior to passing appropriations for the fall 2016 academic year. Republican politician Gov. Bruce Rauner said that he, too, supports a brand-new funding formula however not prior to the General Assembly passes next years appropriations for public school funding.

Hes proposed a $75 million spending plan increase for K-12 and early childhood education, asking legislators to send him a clean bill.

Ill sign it instantly, Rauner informed legislators previously this year.

However Democrats, led mainly by state Sen. Andy Manar of Bunker Hill, insist that putting more money into a failed formula would have a few of the poorest districts in the state losing cash.

Manar led an unique bipartisan Senate committee that studied the school-funding-formula problem and proposed modifications. So far, however, the idea has gone no place in Springfield, primarily due to the fact that school districts that would get less money under a formula reword oppose any modification.

Manar is appropriate that Rauners strategy would strengthen an unsuccessful status quo– more money, exact same formula. But the governor doubts, with substantial justification, that the political will exists to pass a new funding formula.

The existing formula, one that has actually been in location for nearly Twenty Years, fails its essential mission. State monetary help should go to the school districts that require it most.

But under the present formula, only 44 cents of every state help dollar is designated on the basis of requirement. The rest is granted based on special financing categories for things like special education, transportation and poverty. As a repercussion, school districts with greater resources get more aid while districts with lower resources get less.

Manar has actually recommended eliminating mostthe majority of the unique financing classifications, a modification that would lead to 90 cents of every state help dollar being allocated based on requirement.

That technique, nevertheless, develops winners and losers– those who would get more cash under the reword and those who would get less. Districts that would get less adamantly oppose any modifications that would cost them money.

If Illinois had more ample financialfunds, legislators would resolve that issue with a hold harmless arrangement, meaning no district would get less money under a formula rewrite. But the states monetary distress makes that a hard nut to fracture.

One method for the state to clarify its monetary picture would be for Gov. Rauner and Democratic House Speaker Michael Madigan to reach a compromise arrangement on the present budget plan standoff. But Madigan has actually declined Rauners proposals to deal with the budget concern while insisting that Rauner accept his propositions to do so, consisting of raising taxes.

Because context, the education-funding concern has actually devolved into a game of finger-pointing– Rauner asking Democrats not to put the formula … Read the rest

India Funding Roundup: A Prepaid Mobile Balance Tracker, Photography Marketplace, And More

Indian startups raised $1.73 billion (approximately Rs. 11,471 crores) in the very first quarter of 2016, according to start-up deal intelligence platform Xeler8. Our newest funding roundup compiles investments in Indian startups supplying apps for pre-paid users, matchmaking, predictive healthcare, kidday care, SaaS options for the business, and more.

Photography market Picsdream announced Friday that it has actually raised an undisclosed sum in angel financing led by Raman Roy, Co-Founder of Indian Angel Network and Ankit Nagori, Ex-CBO Flipkart and Harish Natarajan, Former CEO Bausch amp; Lomb India. Nagori and Natarajan have also signed up with the business Board of Directors.

Picsdream provides professional photographers a portal to share, display, monetise and safely store their work. The platform connects photographers – amateur, semi-professional and professionals – with buyers of pictures. The start-up aims to create a thorough platform for the Indian visual arts neighborhood, said Mahesh Nair, Creator and CEO, Picsdream in an emailed declaration.

True Balance
Japan-based SoftBank Ventures Korea (SBVK) has invested an undisclosed quantity in a Series A financing in Gurgaon-based True Balance, a prepaid mobile balance tracking app. The funds will help True Balance accelerate its expansion plans and boosting its item advantage, Real Balance said in a statement. Launched in September 2014 by Charlie (Cheolwon) Lee, True Balance provides fast and user-friendly balance check, call log, information load evaluation, and charge service for prepaid Android mobile phone users. The start-up said that its app has seen 2.5 million downloads, and anticipates 10 million downloads in the next 9 months.

Dil Mil, a matchmaking app for South Asians revealed on Thursday said it has $2.7 million in its pre-Series A round from a clutch of investors. The Dilmil team told Gadgets 360 that the app has actually generated over 1 million matches, and leads to 3 marriages a week. The US-headquartered startup is presently working on helping with video dates and will be presenting VR dates soon afterwards.

Mumbai-based loan comparison and changing platform SwitchMe has raised an undisclosed round of angel financing from Mohandas Pai, Hiro Mashita, Singapore Angels, and others. Currently available in Mumbai, Pune, Bengaluru, and Delhi, the financing will be apparently utilised for market growth and improving its innovation.

Bengaluru-based predictive healthcare start-up Touchkin has actually reportedly raised Rs. 2.65 crores in seed funding from a clutch of investors. Founded in 2015 by Jo Aggarwal and Ramakant Vempati, the start-up offers apps for iOS and Android, which utilizes a phones sensing units to track user activity and recognize prospective health concerns.

Schoolkart, an online market for school uniforms and other accessories has actually supposedly raised $300,000 (roughly Rs. 2 crores) fund from 12 angel financiers. Founded in 2014 by Nikhil Sareen, Schoolkart stocks about 25,000 items on its platform, and plans to utilise the funds to develop its innovation and broaden its reach.

Health care startup AddoDoc, the moms and dad company of mobile app Babygogo, which links parents with kid healthcare professionals has actually raised Rs. 2 crores from 16 angel financiers. The startup said it will use the funds to improve its technology and check out brand-new channels in … Read the rest

Maine Lawmakers Create Deal On Veterans Help Financing

AUGUSTA, Maine– A quiver of costs meant to better assist Maine veterans along with cover University of Maine and community college tuition costs for members of the states National Guard gained unanimous approval Friday in the Homeyour home of Representatives.

The legislation, much of it an outcome of recommendations from an unique commission that examined the states Bureau of Veterans Services and ways to enhance it in 2015, was held up previously this week as Republicans and Democrats disagreed over how to spend for it.

AmongstTo name a few things, the legislation broadens staffing at the bureau to include two brand-new and mobile veterans service officers, who help Maine veterans acquire eligibility to the various state and federal advantages they are entitled to. An extra veterans service officer, who will concentrate on helping homeless veterans in Maine, also will be includedcontributed to the bureau.

The legislation likewise consists of financing for a full-time outreach planner for the bureau and to upgrade the bureaus mainly paper-only record-keeping system to a digital one that will allow the bureau to more quickly and rapidly handle the cases of the veterans it is assisting.

In all, its estimated Maine has about 140,000 veterans, but just about 64,000 are known to the bureau. Part of the legislation also concentrates on improving the bureaus communication with veterans in an effort to reach more younger veterans from the wars in Afghanistan and Iraq.

Republicans and Democrats divided on the best ways to fund the estimated $1.5 million yearly rateprice however decided on a pair of funding sources for the procedures, including about $2.5 million in bonding funds that were offered by the University of Maine System to cover the possible tuition expenses of National Guard members for the next five years.

Rep. Jared Golden, D-Lewiston, a battle Marine Corps veteran of Afghanistan and Iraq, and the sponsor of the legislation that set up the 2015 commission, thanked legislators on both sides of the aisle Friday for finding a path forward for the legislation.

Golden said he understands lawmakers remain in agreement on doing the finest they can for Maine veterans and was pleased an alternative funding source to one he had proposed earlier in the week that had been declined by Republicans had been found.

Republicans opposed utilizing a few of the $45 million in earnings the state gets for the sale of difficult alcohol as Golden proposed noting huge parts of that profits was currently streaming to other state expenses.

Golden said he pushed for the legislation passionately due to the fact that he thought it was the right thing to do for his fellow veterans and told House legislators how he was encouraged to assist more veterans after fulfillingmeeting some from the wars in Afghanistan and Iraq who told him they were prevented.

Among them stated something to me that day that actually hit me hard, Golden stated. He said he believed that the state didnt want him to live here in Maine, that Maine would simply see him as a burden. Thats not fine because I know this state has a pleased history of military service and that this … Read the rest