AG Ferguson says the company agreed to pay $100,000 for failing to maintain records related to ads that ran from 2012 through 2019.

OLYMPIA, Wash. — Editor’s note: The above video aired at an earlier date.

Twitter is the latest social media giant to pay for violations of Washington state’s campaign finance disclosure rules. 

Attorney General Bob Ferguson says the company agreed to pay $100,000 for failing to maintain records related to ads that ran from 2012 through 2019, when Twitter banned political advertising. 

Companies are required to maintain records about who paid for ads, when they ran, how much they cost, and the name of the candidate or measure supported or opposed. 

Facebook and Google have also agreed to settlements of $200,000 each, though Ferguson filed a second lawsuit against Facebook in April.

The law requires commercial advertisers to maintain the following information regarding ads they sell so that the information is available for public inspection:

  • The name of the candidate or measure supported or opposed;
  • The dates the advertiser provided the service;
  • The name and address of the person who sponsored the advertising; and
  • The total cost of the advertising, who paid for it (which may be different than the sponsor) and what method of payment they used.

The state sued Facebook again for selling political ads without disclosing all necessary information about who’s behind them. 

Attorney General Bob Ferguson first sued Facebook over the issue in 2018, with the company agreeing to a $238,00 settlement. 

Rather than comply with all of the disclosure requirements of Washington campaign finance law, Facebook said it would no longer sell political ads in Washington state.

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BLOOMINGTON, Ind. — Indiana’s season-opener against Penn State means a little more to Whop Philyor.

It’s been a long offseason, and everyone is ready to get back on the field to play, but for Philyor, the Hoosiers’ first opponent gives him more incentive.

One season ago when Indiana traveled to Happy Valley, Philyor took a hit to the head in the second quarter, causing him to fumble and be taken into concussion protocol.

The hit was conceived by many to be targeting, but that wasn’t the call on the field.

On that play, Philyor actually took two hits to the head. It was a catch-and-run for Philyor, and he first took a glancing blow from cornerback Marquis Wilson. As Wilson was making the tackle, Penn State linebacker Ellis Brooks came flying into the fray from the opposite direction, making direct contact to Philyor’s helmet with his own.

Philyor didn’t play the rest of the game as Indiana went on to lose to Penn State 34-27. Philyor missed the next game due to a concussion.

Head coach Tom Allen thought it should have been targeting, and he went through a process to seek an explanation on the non-call. The Big Ten never released an explanation to the public.

USATSI_13673936
Penn State Nittany Lions cornerback Marquis Wilson (8) runs with the ball after a fumble recovery while Indiana Hoosiers wide receiver Whop Philyor (1) reacts during the second quarter at Beaver Stadium.Matthew OHaren/USA Today Sports

“I tell the boys all the time — them boys (Penn State) knocked me out,” Philyor said. “So, imma need y’all boys to bring that dog, too, because you already know I’m gonna bring that dog with me.”

Philyor will be Indiana’s number one target on the field this season, which also means he’ll be the defense’s

Twitter must pay $100,000 to Washington state for campaign finance violations.

Twitter received nearly $200,000 for hosting campaign ads between 2012 and 2019 but did not disclose that information to Washington’s Public Disclosure Transparency Account in violation of state laws.

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“Transparency in political advertising is critical to a free and informed electorate,” Washington Attorney General Bob Ferguson said in a Tuesday statement. “Whether you are a local newspaper or a multinational social media platform, you must follow our campaign finance laws.”

TWITTER TO FLAG TRUMP, BIDEN TWEETS IF THEY CLAIM EARLY VICTORY ON ELECTION DAY

The social media platform banned political advertisements on the site in November of last year.

“This resolution is reflective of our commitment to transparency and accountability,” a Twitter spokesperson said in a statement to FOX Business. “We’ll continue working to uphold our commitment to transparency and to protect the health of the online public conversation, especially ahead of the 2020 U.S. Election.”

FACEBOOK SETS UP QANON CRACKDOWN AMID ANTI-TRUST, CENSORSHIP SCRUTINY

An independent researcher in communication with the state Public Disclosure Commission requested records for ads for 12 campaigns between 2012 and 2019 from Twitter but did not hear back for two months, according to a press release.

“The people of Washington, in their overwhelming vote for the disclosure Initiative 276 nearly a half-century ago, created one of the nation’s most emphatic demands for transparency and accountability in campaign finance reporting,” Public Disclosure Commission Chair David Ammons said in a statement.

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(Reuters) – Twitter Inc has to pay $100,000 to Washington state’s Public Disclosure Transparency Account for multiple political campaign finance violations, the state’s Attorney General Bob Ferguson said on Tuesday.



File photo of the Twitter logo displayed on a screen on the floor of the NYSE


© Reuters/Brendan McDermid
File photo of the Twitter logo displayed on a screen on the floor of the NYSE

Twitter received nearly $200,000 for campaign ads from 2012 through 2019 but failed to follow Washington state disclosure laws, the attorney general’s office said in a statement. (https://bit.ly/3nOaSkz)

The company failed to maintain the required records for at least 38 Washington candidates and committees that reported paying $194,550 for political advertising on Twitter’s platform since 2012, according to papers filed at the King County Superior Court.

“Transparency in political advertising is critical to a free and informed electorate,” Ferguson said. “Whether you are a local newspaper or a multinational social media platform, you must follow our campaign finance laws.”

Twitter did not immediately respond to a request for comment.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Ramakrishnan M. and Krishna Chandra Eluri)

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Fed is Lender of Last Resort for Illinois

Wirepoints reports Illinois set to borrow from Fed’s “lender of last resort” facility a second time

Illinois is set to borrow several billion from the Federal Reserve’s Municipal Liquidity Fund (MLF) for a second time if a new U.S. stimulus package and a progressive tax hike scheme for Illinois don’t come through, according to comments from Illinois Gov. J.B. Pritzker.

Illinois already borrowed $1.2 billion from the MLF earlier this year in an attempt to close some of the state’s 2020 budget shortfall.

The borrowing is significant since Illinois is the only state in the country to tap the MLF. The Fed created the MLF in April to be a “lender of last resort,” where cities, states and other government entities can go if they can’t raise money as a result of COVID-19. 

Covid Not The Problem

The MLF is for states and municiplaitioes that cannot raise money due to Covid.

Finances, not Covid are the problem in Illinois.

Illinois’ Alleged Balanced Budget 

The Illinois constitution requires a balanced budget.

The Illinois budget is “balanced” by borrowing money year after year. 

Governor Pritzker “balanced” the fiscal year 2021 budget by borrowing $5 billion from the Fed.

$261 Billion Shortfall

$261 Billion Shortfall

Year in, year out the numbers keep adding up. Moody’s new estimate of Illinois pension shortfall increases to $261 billion

Moody’s estimates the shortfall in Illinois’ five state-run pension funds will jump to $261 billion in 2020. The rating agency, in “Medians – Pension and OPEB liabilities fell in fiscal 2019 ahead of jump in 2020,” says a drop in interest rates and lower investment returns will worsen Illinois’ shortfall. 

Moody’s estimation for all 50 states makes Illinois’ $261 billion shortfall the worst in the country. 

Illinois’ shortfalls will be even larger when