Lobbying Bill Tops $1.1 Billion For First Half of 2004

"As President Bush campaigned for reelection pledging to protect doctors and insurance companies from patient lawsuits while easing the tax burden on businesses, industry groups spent record amounts of money lobbying to influence the White House, Congress and their constituents," the Los Angeles Times' Peter Wallsten writes. According to public records filed with the Senate, industry groups spent $1.1 billion on lobbyists and advertising campaigns for the first half of 2004, a new record.

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Despite finishing second in the annual Sydney to Hobart blue-water racing classic, the yacht named after communications giant AAPT outperformed most of its rivals in the PR stakes.

While big racing boats such as AAPT fly with the wind they also burn bucketloads of cash. Which is why the big boats need big sponsors. Corporate sponsors look to the bottom line and expect a return on investment that is primarily measured on the amount of media coverage they garner.

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