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Sheldon Adelson: Gingrich Donor, Casino Mogul, Israeli Hardliner

He's an ardent supporter of Israel and a megabillionaire casino mogul whose company is under federal investigation.

January 26, 2012 RSS Feed Print

ATLANTA — He's an ardent supporter of Israel. A megabillionaire casino mogul whose Las Vegas Sands Corp. is under federal investigation. And the self-proclaimed "richest Jew in the world."

Sheldon Adelson is also, far and away, the biggest patron of Newt Gingrich's surging Republican presidential bid. Adelson and his wife, Miriam, have pumped $10 million into a political action committee backing Gingrich that is run by the former House speaker's onetime aides. Campaign finance experts say the two $5 million contributions are among the largest known political donations in U.S. history.

No other candidate in the race for president appears to be relying so heavily on the fortune of a single donor. It's been made possible by last year's Supreme Court rulings — known as Citizens United — that recast the political landscape by stripping away restrictions on contributions and how outside groups can spend their money.

Sheldon Adelson is Citizens United come to life.

"The bottom line is that it creates that potential for one person to have far more influence than any one person should have," said Fred Wertheimer, president of the campaign finance watchdog group Democracy 21.

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When any candidate is beholden to a single donor for so much money, Wertheimer said, "it opens the door to corruption and influence peddling." Wertheimer said the infusion of cash would raise questions about any decision Gingrich would make that touches on gambling, for example. And similar questions could be raised about Gingrich's Mideast policies.

Indeed, without recent disclosures by news organizations, voters would not have even known about the large contributions until campaign filings due Feb. 20. That would be long after a number of key primaries.

The outsized contributions are stirring some unease among the evangelical voters whom Gingrich is counting on to help him defeat Mitt Romney. Richard Land, head of the Ethics and Religious Liberty Commission of the Southern Baptist Convention, called the gambling cash fueling Gingrich's bid "discomforting."

Land said Gingrich should make clear what his views are on legalized gambling.

Gingrich spokesman R.C. Hammond said the candidate believes it is a states' rights issue and does not gamble.

Friends say Adelson and Gingrich met when Gingrich was House speaker and Adelson was lobbying to move the U.S. Embassy in Israel from Tel Aviv to Jerusalem. Gingrich backed the legislation and the two bonded over a shared hardline stance on Israel.

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In Cocoa, Fla., Gingrich on Wednesday called Adelson "very deeply concerned about the survival of Israel" and the threat of a nuclear Iran. Asked if he had promised Adelson anything, Gingrich replied that he pledged "that I would seek to defend the United States and United States allies."

Those who have followed Gingrich's career say he has long staked out a tough stance on Israel that predated his friendship with Adelson.

Gingrich "has been one of the few politicians who has had the courage to tell the truth about Israel," said Morton Klein, head of the Zionist Organization of America. "I think that is why they became such good friends."

In December, Gingrich proclaimed the Palestinians "an invented people." Israel's Haaretz daily reported later that month that Adelson approved of the remarks. And Gingrich has said that one of the first executive orders he would sign if elected president would move the American Embassy to Jerusalem.

Through a spokesman, Adelson declined an interview request from The Associated Press.

His rags-to-riches story as the son of poor Ukrainian immigrants in Dorchester, Mass., is well-known lore in the pro-Israeli circles he inhabits and where his philanthropy is legendary.

Adelson entered the business world as a 12-year-old selling newspapers. He began to make his fortune when he founded Comdex, a trade show that became a staple for the computer industry. He then moved into the casino industry. His gambling empire stretches from Las Vegas to Macau and Singapore and includes the Venetian and Palazzo casinos in Las Vegas.

Tags:
Binyamin Netanyahu,
SEC,
Associated Press,
2012 presidential election,
Newt Gingrich,
FBI,
Israel,
Mitt Romney

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And what is wrong with being PRO-ISREAL?

All fundamentalist Christians are PRO-ISREAL.

Most people who are anti-Isreal are NAZIS.

Americans should be PRO-ISREAL. They are at least friendly with America. I don't hear or see any Isrealies yelling or writing "Kill Americans."

Paul Kastner of TX 1:15PM January 27, 2012

I would consider the following in any discussion of the inequity of participation by moneyed interests:

The excerpts below are from page 25 The Media Monopoly by Ben H. Bagdikian Fifth Edition paperback.

It is normal for all large businesses to make serious efforts to influence the news, to avoid embarrassing publicity, and to maximize sympathetic public opinion and government policies. Now they own most of the news media that they wish to influence.

Under law, the director of a company is obliged to act in the interests of his or her own company. It has always been an unanswered dilemma when an officer of Corporation A, who also sits as a director on the board of Corporation B, has to choose between acting in the best interests of Corporation A or of Corporation B.

Interlocked boards of directors have enormously complicated potential conflicts of interest in the major national and multinational corporations that now control most of the country’s media.

A 1979 study by Peter Dreier and Steven Weinberg found interlocked directorates in major newspaper chains. Gannett shared directors with Merrill Lynch stock brokers), Standard Oil of Ohio, 20th-Century Fox, Kerr-McGee (oil, gas, nuclear power, aerospace), McDonnell Douglas Aircraft, McGraw-Hill, Eastern Airlines, Phillips Petroleum, Kellogg Company, and New York Telephone Company.

The most influential paper in America, the New York Times, interlocked with Merck, Morgan Guaranty Trust, Bristol Myers, Charter Oil, Johns Manville, American Express, Bethlehem Steel, IBM, Scott Paper, Sun Oil, and First Boston Corporation.

Louis Brandeis, before joining the Supreme Court, called this linkage “the endless chain.” He wrote: “This practice of interlocking directorates is the root of many evils. It offends laws human and divine. . . . It tends to disloyalty and violation of the fundamental law that no man can serve two masters…. It is undemocratic, for it rejects the platform: ‘A fair field and no favors.”‘

* “When the first edition of The Media Monopoly was published in 1983, critics called Ben Bagdikian’s warnings about the chilling effects of corporate ownership and mass advertising on the nation’s news “alarmist”. Since then, the number of corporations controlling most of America’s daily newspapers, magazines, radio, television, books and movies has dropped from fifty to ten.” [ from the fifth edition of The Media Monopoly rear book cover] * The sixth edition says the number of corporations controlling most of America’s daily newspapers, magazines, radio, television, books and movies has dropped to six.

BenDoubleCrossed of FL 1:52PM January 26, 2012

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