Shane Goldmacher is a former reporter for Capitol Weekly. He is a graduate of UC Berkeley, where he served as editor of the Berkeley Political Review.

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  • National NAACP bucks CA chapter, backs tobacco tax initiative
  • NAACP's Huffman assailed for tobacco, telecom payments
  • Schwarzenegger targets the 'ElimiDate Voter'
  • Legislators tap Sacramento interests for campaign cash
  • New York developer's eminent-domain crusade comes to California
  • Schwarzenegger's election-year olive branches
  • Dems, Gov. tapped same spots for campaign cash
  • Schwarzenegger has a special interest in Capitol-area money
  • Schwarzenegger's million-dollar woman
  • The kings and queens of the California political quotation
  • All about Phil: Angelides is strategist in own campaign
  • "Women of the year" married to men of Legislature
  • With new law, chase for campaign cash becomes family affair
  • High school student gives governor $44,600
  • Going to interview with CTA? Be sure to look into the camera
  • David Crane: Arnold's other Democratic adviser
  • The rise of the blogs: How the GOP uses the Web to organize

  • 1A: 76.9-23.1
    1B: 61.3-38.7
    1C: 57.4-42.6
    1D: 56.6-43.4
    1E: 64-36
    83: 70.6-29.4
    84: 53.7-46.3
    85: 45.9-54.1
    86: 48-52
    87: 45.2-54.8
    88: 23-77
    89: 25.5-74.5
    90: 47.6-52.4

    U.S. Sen.
    Feinstein 59.7
    Mountjoy 34.9
    Schwarzenegger 55.8
    Angelides 39.2
    Lt. Gov
    Garamendi 49.5
    McClintock 44.9
    Atty. Gen.
    Brown 56.7
    Poochigian 37.9
    Sec. of state
    Bowen 48.5
    McPherson 44.7
    Lockyer 54.8
    Parrish 37
    Chiang 50.9
    Strickland 40.1
    Insur. Comm.
    Poizner 50.7
    Bustamante 38.9

    For complete election results click here.

    Angelides 48.2
    Westly 43.1
    Lt. Gov
    Garamendi 42.9
    Speier 39.3
    Figueroa 17.8
    Atty. Gen.
    Brown 63.2
    Delgadillo 36.8
    Sec. of state
    Bowen 61.1
    Ortiz 38.9
    Parrish 56.4
    Richman 43.6
    Democratic primary
    Chiang 53.4
    Dunn 46.6
    Republican primary
    Strickland 40.9
    Maldonado 36.9
    Insur. Comm.
    Bustamante 70.5
    Kraft 29.5
    Supt. of Schools
    O'Connell 52.5, avoids run-off

    For complete election results click here.

    73: 47.4-52.6
    74: 45-55
    75: 46.6-53.4
    76: 38-62
    77: 40.5-59.5
    78: 41.5-58.5
    79: 38.9-61.1
    80: 34.3-65.7

    For complete election results click here.

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    Sunday, February 19, 2006

    The Microscope

    There is nothing like running for governor, as both Steve Westly and Phil Angelides are finding out. Both have already run (and won) other down-ticket statewide offices but the press (and the candidate's own opposition researchers) begin to dig deeper into their past for a gubernatorial run.

    Today, large stories probing the two Democrats past appeared in the San Francisco Chronicle and the Sacramento Bee.

    Each was more than 2000 words long.

    The Westly piece looked into his IPO trades while an executive at eBay.

    His tax returns show that on 33 occasions between April and October 1999, Westly -- then an executive at the online auction house eBay and today a Democratic candidate for governor -- bought blocks of hot new dot-com stocks at the initial public offering price, a lucrative investment opportunity that underwriters steered to wealthy clients and other insiders.

    Then, after the market opened and public trading began, Westly bought more of the same stocks -- almost always an identical number of shares. He paid premium prices, sometimes as much as triple what he paid for the IPO.

    A Westly spokesman said Westly did nothing improper, but several experts consulted by The Chronicle said Westly's pattern of stock trading suggested "laddering," a scheme in which investment banks pump up the price of a new stock by requiring IPO purchasers to buy more of the stock after it opens for trading.

    The Sac Bee's long story today looks into Phil Angelides' environmental record, quoting environmentalists who laud him:

    "Phil's environmental credentials without a doubt are not just head and shoulders, but planets, above everyone else," said David Mogavero, a Sacramento architect and former Environmental Council of Sacramento (ECOS) president. "When he started in development, he ended up under Angelo's wing and did a bunch of things that were industry standard. But he's learned and evolved and now he understands what will be an effective approach. Is he perfect? No. But no one on the planet is perfect."

    But there are critics as well:

    "It doesn't matter to me all the pretty things he has done," said Jude Lamare, president of Friends of the Swainson's Hawk, who also was a former president of ECOS. "The bottom line is, Phil talks a good game, but his (open space) development and work against (threatened) species is scary."

    In either case, both candidates must brace for increasing media scrutiny.

    Comments on "The Microscope"


    Anonymous Eli Jacks said ... (9:37 PM) : 

    Didn't see any supportive comments in the Chron's article except for those from Westly's campaign manager.

    He doesn't seem to have a straight answer about the IPO dealings. And it's not a good sign that he wouldn't even talk to the Chron.

    At least Angelides had the cajones to talk to the Bee.


    Anonymous Anonymous said ... (12:02 AM) : 


    You are just so pathetic in your attempts to slime Steve Westly all across the net. Everyone knows you're a total hack for Phil Angesleazy.

    Stop embarassing yourself.


    post a comment