McCain: Cindy's windfall
Posted: Tuesday, July 15, 2008 9:04 AM by Domenico Montanaro
The New York Times: “Cindy McCain, the wife of Senator John McCain -- who inherited a Phoenix beer distributorship that is worth hundreds of millions of dollars -- will reap a tidy windfall from the $52 billion sale of Anheuser-Busch to the Belgian brewer InBev.” More: “Hensley & Company … owns a minimum of $1 million in Anheuser-Busch common stock, according to Mr. McCain’s most recent Senate financial disclosures. No maximum is given, but last year’s dividend income on that stock was between $50,001 and $100,000 in Anheuser-Busch stock, the disclosures show. And since Anheuser-Busch paid out dividends of $1.25 a share in 2007, it appears that Hensley owned between 40,000 and 80,000 shares. That, in turn, suggests that the $70-per-share price InBev is paying will give Hensley a gain of roughly $1 million to $2 million compared to February, when speculation about the deal surfaced and two-thirds of that would pencil out as the McCain family’s windfall.”
VIDEO: NBC Political Director Chuck Todd discusses today's political headlines including Barack Obama and John McCain courtino Latino votes and McCain criticizing Obama on immigration reform.
McCain reached out yesterday “to Hispanic voters, telling them that he is an ally on immigration reform -- and hitting Democratic rival Barack Obama for allegedly ducking the issue,” the
Boston Globe reports. McCain cited his risking his candidacy for immigration reform -- though at the time, it was unclear McCain understood the political risk, during the primaries, he said he wouldn’t even vote for his own legislation.
“McCain's support among Hispanic Americans is
lagging behind that of Obama, who backs comprehensive immigration reform and has attracted many Latino voters who had supported Democratic opponent Hillary Clinton. McCain got in trouble in 2007 with Republican hardliners for pushing a proposed immigration law that would grant millions of illegal immigrants a path to U.S. citizenship. He had to change his tune when the legislation collapsed in the U.S. Senate. McCain now argues for securing the U.S. border with Mexico first and then embarking on legislation to allow illegal immigrants to work legally in the United States, although some Hispanics in his home state said they are wary of him."
The Wall Street Journal profiles one of the under-covered players in Republican politics these days -- Las Vegas' Sheldon Adelson.
