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	<title>The Money Management Institute</title>
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	<description>The Money Management Institute</description>
	<pubDate>Thu, 07 Aug 2008 15:47:05 +0000</pubDate>
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		<title>The Money management institute Releases white paper on Business Case for COMMUNICATIONS standards</title>
		<link>http://www.mminst.org/441</link>
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		<pubDate>Fri, 01 Aug 2008 20:23:55 +0000</pubDate>
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		<title>The Money management institute Managed account Solutions Standards Commitee announces major milestone in message development</title>
		<link>http://www.mminst.org/440</link>
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		<pubDate>Fri, 01 Aug 2008 20:22:48 +0000</pubDate>
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		<title>The Money management institute technology and operations committee announces new leadership</title>
		<link>http://www.mminst.org/439</link>
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		<pubDate>Fri, 01 Aug 2008 20:21:44 +0000</pubDate>
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		<title>The Money management institute Operations and Communications standards committee elects new co-chair</title>
		<link>http://www.mminst.org/438</link>
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		<pubDate>Fri, 01 Aug 2008 20:20:29 +0000</pubDate>
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		<title>Inside Washington for August 1st</title>
		<link>http://www.mminst.org/432</link>
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		<pubDate>Fri, 01 Aug 2008 17:51:52 +0000</pubDate>
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		<category><![CDATA[Inside Washington]]></category>

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		<description><![CDATA[  Presidential politics and the “Dog Days” of summer
There will be no summer vacation for fans of American politics this month as August is just brimming with political events.
By month’s end both presidential candidates will have celebrated birthdays, with Barack Obama turning 47 on the 4th and John McCain turning 72 on the 29th. 
The [...] ]]></description>
			<content:encoded><![CDATA[<p> Presidential politics and the “Dog Days” of summer<br />
There will be no summer vacation for fans of American politics this month as August is just brimming with political events.<br />
By month’s end both presidential candidates will have celebrated birthdays, with Barack Obama turning 47 on the 4th and John McCain turning 72 on the 29th. <span id="more-432"></span><br />
The Olympics kicks off August 8th in China but the Obama camp has plans to spend more than $5 million on prime-time television ads during the course of the two-week-long event.<br />
McCain and Obama will be on the same stage together for the first time on August 16th in Lake Forest, California, as the two participate in a forum on “Compassion &#038; Leadership” at the Saddleback Church, moderated by Pastor Rick Warren, leading evangelical minister and author of “The Purpose Driven Life.”<br />
The Democratic National Convention convenes on September 25th. Sen. Hillary Clinton gives a major prime-time speech on the second night of the convention and Obama will accept his party’s nomination on the night of the 28th.<br />
 And with the McCain camp suggesting it will announce his running mate’s identity just prior to the Republican National Convention’s September 1st kick-off, it’s safe to say that before the month is up we will know both party’s vice presidential candidates and will witness the media extravaganza as each is announced.</p>
<p>Voting begins September 22nd<br />
	Early voting will begin in several states on September 22nd. This is particularly aimed at those voters who will be unable to make it to the polls in November, especially those in the military. But over the last several election cycles early voting has become more and more popular. Estimates are that 14% of voters nationwide cast early ballots in 2002. This year expectations are that early mail-in ballots could account for 30% of the votes cast. This means that both presidential camps are particularly aware that they have no time to waste in terms of defining their opponents. Although Election Day is 95 days away, for some voters it’s only a matter of 53 days.</p>
<p>The Veep Search<br />
	The big question in Washington right now is whether Virginia Gov. Tim Kaine is really still on the short list for Obama’s vice president picks or whether this week’s media buzz was all an elaborate ruse to throw everyone off the track of the real candidate. Opinion is split between those that believe Kaine is still a frontrunner (along with Sens. Joe Biden and Evan Bayh and Kansas Gov. Kathleen Sebelius) and those that think it will be one of the others.<br />
	Perhaps the only thing known for sure is who won’t be on either ticket. On the Democratic side it’s become crystal clear that Sen. Clinton will not be Obama’s running mate. Her high-profile role on the second night of the Democratic convention is being read as a sure sign that she is out of the mix.<br />
And while John McCain still debates his short list of possibilities (former Massachusetts Gov. Mitt Romney, Minnesota Gov. Tim Pawlenty and former U.S. Rep. and Budget Director Rob Portman), it’s looking like the campaign will not be going for former Pennsylvania Gov. Tom Ridge.<br />
Although Ridge is said to be close to McCain on a personal level, it’s believed that his pro-choice record on abortion would enrage the conservative social-issue base of the GOP that the campaign will need to turn out voters in November. This is particularly troubling to some GOP operatives who note that Pennsylvania will be among a handful of battleground states this fall. And the latest polling out of the Keystone state, by a GOP pollster, has Obama leading McCain there, 49% to 40%.<br />
As to McCain’s remaining choices, it’s curious that Romney made a rather direct statement earlier this week that he will not be McCain’s running mate. Insiders are saying that he’s still in the mix.</p>
<p>Political Observations of the Week:<br />
“Neither campaign has made the sale. The battle is the independent vote, and they don’t make up their minds until late.”<br />
Ed Rollins, veteran GOP political consultant, on the presidential race.</p>
<p>“The problem for Republicans is they’re pessimistic, and when you’re pessimistic you don’t work as hard, you don’t turn out the vote.”<br />
Former U.S. Rep. Vin Weber (R., Minnesota), on the challenge facing John McCain.</p>
<p>“If a running mate is in the national news the last two weeks of the campaign, it will be because a grievous error has been committed.”<br />
Ken Khachigian, former senior adviser to President Ronald Reagan.</p>
<p>“Why surrender that shot of presumably favorable coverage when you are running close, or in some polls, ahead? And let’s face it, why is anyone going to pay any attention to the Republican convention otherwise?”<br />
Richard Norton Smith, presidential historian, George Mason University, suggesting McCain will wait to announce his running mate.</p>
<p>“I think the campaign does have to be careful about its tone. A pure attack tone could be perilous.”<br />
Veteran GOP consultant Mike Murphy, on the McCain ads.</p>
<p>“Republicans are in desperate need of new, fresh ideas and faces. [Sen. Ted] Stevens should resign immediately. The only thing he does by staying in is continue to damage his party.”<br />
Anonymous GOP strategist, on the Alaskan Republican Senator.</p>
<p>_____________________________________________<br />
John J. Kohut is an independent political analyst in Washington, D.C. He has been writing about national politics for more than a decade, including stints as an editor at the Cook Political Report and as senior editor at the Rothenberg Political Report. </p>
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		<title>Inside Washington for July 25th</title>
		<link>http://www.mminst.org/427</link>
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		<pubDate>Mon, 28 Jul 2008 15:15:49 +0000</pubDate>
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		<description><![CDATA[  From the “Careful what you ask for” Department:
Reflecting on this week’s media coverage of the two presidential candidates, one veteran media watcher opined, “John McCain is in danger of becoming the ‘Maytag repairman’ of this election.”
After the McCain camp taunted Sen. Obama for months over the issue of his going to Iraq, the Democrat [...] ]]></description>
			<content:encoded><![CDATA[<p> From the “Careful what you ask for” Department:<br />
Reflecting on this week’s media coverage of the two presidential candidates, one veteran media watcher opined, “John McCain is in danger of becoming the ‘Maytag repairman’ of this election.”<br />
After the McCain camp taunted Sen. Obama for months over the issue of his going to Iraq, the Democrat countered with a tour of the war zone, Israel, and Jordan and capped off his travels with an outdoor speech in Berlin. In all, Obama’s schedule, which often had him photographed meeting world leaders, dominated media coverage throughout the day on the cable networks and led the network evening newscasts as the top political story every night.<span id="more-427"></span><br />
By contrast, the McCain campaign’s efforts seemed smaller in size, with several events reinforcing the fact that all media eyes were on the Democrat – the fact that only one reporter met the candidate at a New Hampshire airport, the golfcart ride in Kennebunkport, the poorly organized Wilkes Barre, Pennsylvania, rally to a half-filled college auditorium, and the apparently intentionally distracting rumor that the McCain camp was seriously floating the idea of announcing its vice presidential choice this week while Obama was overseas. In fact, the campaign was probably lucky that Mother Nature intervened and cancelled his planned appearance atop an oil rig in the Gulf of Mexico on Thursday.<br />
Overall it’s safe to say that the Obama camp won this week’s media competition, keeping the press focused on it and not John McCain. And with the political clock ticking (31 days to the Democratic  National Convention, 38 until the Republicans meet, and just 102 days until Election Day), every week matters.<br />
Four years ago the Bush reelection campaign seized this pre-convention period to begin defining Democratic nominee-in-waiting John Kerry with a series of television ads painting him as inconsistent on issues. This time around, many senior GOP insiders are bemoaning the McCain camp’s scattered approach to taking on Obama. Instead of sticking to one consistent theme, McCain spent this week deriding Obama on the war in Iraq while his campaign ran television spots blaming the Democrat for the high cost of gasoline.<br />
All this suggests that the campaign is still searching for the one argument that could crack the Democrat’s lead in the polls. And given the outcome of this past week, don’t be surprised to see yet another shake-up in the McCain camp, or worse, a smattering of gripes in the press from anonymous GOP insiders. </p>
<p>The Numbers Game<br />
The latest Wall Street Journal/NBC News poll shows Barack Obama retaining a six-point lead over John McCain, 47%-41%. However, the poll also shows that respondents could better “identify with the background and values” of McCain than Obama, by 58% to 47%, suggesting that the Democrat has a ways to go to raise the publics’ “comfort level.”<br />
Also this week the Quinnipiac University survey of “Battleground States” finds Obama with tight leads in Michigan (46%-42%) and Minnesota (46%-44%) and McCain taking a similar tight lead in Colorado (46%-42%). Just last month the Democrat had led in Colorado, 49% to 44%. The only significant margin this month was in Wisconsin, where Obama leads 50% to 39%.<br />
In all, this remains a very tight contest in most key states.</p>
<p>And the hits just keep coming….<br />
	As several media reports have mentioned, Obama’s acceptance speech at the Democratic Convention in Denver will fall on the 45th anniversary of the Rev. Martin Luther King Jr.’s historic “I Have a Dream” speech.<br />
In contrast, because the GOP convention is so late this year (not starting until September 1st), McCain’s acceptance speech occurs on September 4th. Which means the Republican will have to compete with NFL fans. That’s opening night of football season, with the Washington Redskins taking on the New York Giants.</p>
<p>Political Observations of the Week:<br />
“At this rate, it’s only a matter of days before he opens his presidential library.”<br />
Alex Conant, Republican National Committee spokesman, delivering a good line, but also showing GOP frustrations with the world tour press attention devoted to Sen. Barack Obama this week.</p>
<p>“They wouldn’t be the first running mates in the history of American politics to have said tough things about each other.”<br />
Dan Schnur, GOP consultant, on the possibility of McCain picking Mitt Romney as his running mate.</p>
<p>“It looks like after months of hanging together with their leaders, they’re beginning to have an every-man-for-himself attitude.”<br />
Jim Manley, a senior Democratic Senate aide, on the changing attitudes of GOP Senators. </p>
<p>“It’s not whether he wins or loses the issue nationally, it’s whether he wins it in Michigan, Ohio, and Pennsylvania.”<br />
Neil Newhouse, veteran GOP pollster, on McCain and “the economy.”<br />
_____________________________________________<br />
John J. Kohut is an independent political analyst in Washington, D.C. He has been writing about national politics for more than a decade, including stints as an editor at the Cook Political Report and as senior editor at the Rothenberg Political Report. </p>
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		<title>Press Release</title>
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		<pubDate>Thu, 24 Jul 2008 03:01:21 +0000</pubDate>
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		<title>Inside Washington for July 18, 2008</title>
		<link>http://www.mminst.org/424</link>
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		<pubDate>Fri, 18 Jul 2008 01:05:50 +0000</pubDate>
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		<description><![CDATA[  The only game in town
The professional political handicappers are already weeks deep into trying to figure out the complex math problem that is the race for the presidency of the United States. The basics are simple – win the plurality of a state’s voters and you win that state’s electoral votes. There are 535 [...] ]]></description>
			<content:encoded><![CDATA[<p> The only game in town<br />
The professional political handicappers are already weeks deep into trying to figure out the complex math problem that is the race for the presidency of the United States. The basics are simple – win the plurality of a state’s voters and you win that state’s electoral votes. There are 535 electoral votes up for grabs divided among the 50 states plus 3 allotted to the District of Columbia, for a grand total of 538 votes. Since the next president needs to win a plurality of those electoral votes to take the presidency, 270 is the winning number. Figuring out how either Sens. Barack Obama or John McCain gets to 270 is the big question.<br />
 Veteran political analyst Charlie Cook has already devised a seven-category scale that divides the states up into groupings ranging from “Solid Democrat” to “Likely Democrat” to “Lean Democrat” and, likewise, “Solid,” “Likely” and “Lean” Republican categories. According to his current projections, he has McCain ahead in 26 states with a combined total of 240 electoral votes. Obama leads in 18 states plus D.C. for a combined total of 219 electoral votes.<br />
Under Cook’s analysis, the candidates are now both vying for the “Toss Up” category of six states (Colorado (9 electoral votes), Iowa (7), Michigan (17), Nevada (5), Ohio (20) and Pennsylvania (21)) which, combined, account for 79 electoral votes.<br />
Another veteran handicapper, Stu Rothenberg, has just released his own analysis of the race in which he argues that, as of today, the contest could very likely come down to five states: Colorado (9 electoral votes), Michigan (17), Nevada (5), Ohio (20) and Virginia (13). Rothenberg does not suggest that these will be the closest contests, but rather reasons that the ultimate fate of these 64 electoral votes will tell the tale.<br />
For instance, Colorado and Virginia are still both “Red” states in terms of presidential politics because they both went for George Bush in 2000 and 2004. But the Obama camp is targeting both as potential pick-ups this year, bolstered by the fact that statewide Democrats have been doing well in each of the two states over the last election cycle.<br />
Likewise, if McCain were to follow the Bush models from 2000 and 2004 and keep both Colorado and Virginia in the GOP column, along with Ohio, Obama’s path to victory is much more complicated.<br />
While juggling the numbers and the various victory scenarios is a never ending game, the significance of both Cook and Rothenberg’s analyses is to remind us that the presidential race takes place on fifty battlegrounds, some much more intense than others. The fact that Obama leads McCain 52% to 42% nationally in this week’s Washington Post/ABC News poll matters little if the Democrat can’t turn specific “Red” states “Blue” in the fall.<br />
Given the above, it’s important to note that on the campaign trail Obama has been talking about “expanding” the electoral map beyond what’s been laid out over the last two presidential elections. He’s specifically talking about spending time and money in “Red” states including Colorado, Montana, North Dakota, New Mexico, Nevada, North Carolina and Virginia. The campaign’s reasoning is that upset victories in these Western or Southern states would help offset potential losses in big states like Florida or Ohio which doomed the candidacies of Democrats Al Gore and John Kerry respectively.<br />
This week his campaign opened 20 new offices across the state of Virginia. The fact that the enthusiasm surrounding his campaign has attracted a lot of new donors and volunteers gives him the money and manpower to attempt this new strategy. But it does not guarantee success. Yes, Virginia has a popular Democratic governor, elected a Democratic U.S. Senator in 2006 and will in all likelihood elect its second Democrat to the U.S. Senate this fall. But the last Democrat to win the state in a presidential election was Lyndon Johnson in his 1964 national landslide.<br />
If the Obama game plan works, his strategists will be hailed as “the new Karl Roves.” If they lose, there will be no end to the intra-party sniping about how they should have played it safe and spent the money and manpower in traditionally Democratic states.</p>
<p>Political Observations of the Week:<br />
“I think Speaker Pelosi is walking her Blue Dogs and other vulnerable Democrats off a cliff, and they know it.”<br />
House Minority Leader John Boehner (R., Ohio), on Pelosi’s opposition to offshore drilling.</p>
<p>“We’re carrion birds. We’re sitting up there saying ‘Does he seem weak?  Is he dehydrated yet? Let’s attack.’”<br />
“The Daily Show’s” Jon Stewart, on the relationship between late night comedians and presidential candidates.</p>
<p>“To be elected to Congress you either have to be wealthy or know a lot of wealthy people.”<br />
Massie Ritsch, spokesman for the Center for Responsive Politics.</p>
<p>“A lot of Republicans believe McCain will end up serving only one term if he’s elected. If he serves one term, that means if you’re VP, you are the choice in four years. Republicans almost always nominate the next person in line. Democrats don’t always do so.”<br />
Larry Sabato, political scientist, University of Virginia.</p>
<p>“He has no overlying theme; he has given no compelling reason to vote for him. Voters respond to a short message that sticks: ‘Morning in America,’ ‘It’s the economy stupid.’ If he does not come up with a compelling reason, he will be looking at a 60-40 loss.”<br />
David Johnson, co-founder of the public relations firm Strategic Vision and a veteran of Bob Dole’s 1996 presidential campaign, on Sen. John McCain.</p>
<p>“There’s at least an argument to be made that a Democrat who doesn’t sound too much like a traditional East Coast liberal – a label Obama has been working hard to disown in these weeks prior to the convention – has a shot at one or more of the traditionally Republican Western states.”<br />
David Birdsell, Baruch College School of Public Affairs.</p>
<p> “This moment only reinforces that we have to let the younger guys take the lead in politics, that they know the issues of today, that we live in a far different world than 20 years ago.”<br />
Former Massachusetts Gov. Mike Dukakis, on the flap over Jesse Jackson’s criticisms of Sen. Barack Obama. </p>
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