MONTHLY Journalism Award
THE WASHINGTON MONTHLY Journalism Award for July 1984 is presented to Richard L. Stern Forbes Stern takes a close look at a very successful brokerage house, First Jersey Securities,...
...The Monthly Journalism Award is presented each month to the best newspaper or magazine article (or series of articles) on our political system...
...THE WASHINGTON MONTHLY Journalism Award for July 1984 is presented to Richard L. Stern Forbes Stern takes a close look at a very successful brokerage house, First Jersey Securities, and finds that by specializing in stocks of more obscure companies, "where a true auction market simply does not exist," First Jersey is able to set an arbitrarily high price—often earning up to 50 percent in commission revenue in the bargain...
...Hogan and Green explore the implications of this loophole for the presidential campaign that grew out of Mondale's "Committee for the Future of America" PAC...
...Nominations will close September 15...
...But the greater scandal was that Mondale's own PAC was taking direct contributions from corporations and unions...
...Bill Hogan and Alan Green Regardie's Walter Mondale's presidential campaign made some headlines when it was discovered that theoretically independent "delegate committees" were failing to honor the candidate's pledge not to take PAC money...
...Nominations should be accompanied by two copies of the article or articles...
...Although the SEC has been fighting First Jersey in court on price manipulation and other grounds, Stern argues that it will be difficult to make a case because of fuzzy regulations...
...While the federal government does not permit corporations and unions to contribute to federal elections, state elections are regulated only by the states, whose election rules vary...
...The award for articles published in August will be announced in the November issue...
...Now if only someone would do the same for Reagan...
Vol. 16 • October 1984 • No. 9
