Giuliani, Edwards report income
By JIM KUHNHENN, Associated Press Writer
WASHINGTON — Republican presidential candidate Rudy Giuliani reported a whopping $16.1 million in earned income over the past 16 months, most of it in speaking fees, according to financial documents filed Wednesday.
Democratic hopeful John Edwards reported earned income of $1.25 million, the biggest single source of which was a hedge fund that employed him part time. He and his wife, Elizabeth, reported $29.5 million in assets, including millions invested in the hedge fund — the Fortress Investment Group.
Giuliani’s report provides the first detailed picture of his vast holdings and income since his term as mayor of New York ended more than five years ago. Since then, Giuliani parlayed his image as an in-charge mayor during the Sept. 11, 2001, terrorist attacks into lucrative speaking fees and business enterprises.
He reported $13 million to $45 million in assets, including his share in Giuliani & Co., a partnership that provides an array of consulting services. He also listed income from dividends and interest on many of those investments of at least $411,332 and as much as $3.3 million.
The reports were part of a flurry released Wednesday by the Federal Election Commission. The deadline for filing was Tuesday, though several candidates received 45-day extensions, including Democrat Hillary Clinton, and Republicans Mitt Romney, John McCain and Tommy Thompson. Republican Jim Gilmore asked for and received a 30-day grace period.
2008 Presidential race candidate John Edwards on climate change issue
Our generation must be the one that ends our nation's dependence on oil and ushers in a new energy economy. We need energy independence from unstable and hostile areas of the world, from global warming pollution, and from the old ways of doing business. If we harness American ingenuity to reach for transformative change, we can emerge from the crisis of global warming with a new energy economy that stimulates innovation, brings the family farm back to life, and creates more than 1 million jobs in America's farms and industries. Today, John Edwards called for America to embrace three great goals for this generation:
- Halt global warming by capping and reducing greenhouse gas pollution and leading the world to a new global climate change treaty.
- Create a new energy economy and 1 million new jobs by investing in clean, renewable energy, sparking innovation, a new era in American industry, and life in family farms.
- Meet the demand for new electricity through efficiency for the next decade, instead of producing more power.
As a result of the Edwards plan, by 2025 America will import 7.5 million fewer barrels of oil a day, produce 65 billion gallons of ethanol and other biofuels a year, generate 25 percent of our electricity from renewable sources, and produce more than 2 billion fewer tons of carbon dioxide emissions a year. Within a generation, America's cars and trucks will be virtually petroleum-free.
Watch the video of John Edwards on climate change.
Elizabeth Edwards' cancer has returned but 2008 presidential race candidate John Edwards will continue to carry on his bid
Democratic presidential candidate John Edwards and his wife, Elizabeth, said today that she has suffered a recurrence of cancer but that the two will continue his campaign.
Doctors discovered the cancer earlier this week in a right rib bone after Elizabeth Edwards received an X-ray for an injury that occurred after she moved a chest in her house.
The recurrence in a bone means that the cancer is “no longer curable,” John Edwards said, but “it is completely treatable.” He compared it to a chronic condition, such as diabetes.
But they pledged, jointly, to carry on with his bid for the 2008 presidential race.
"You can go cower in the corner and hide, or you can be tough and go out there," John Edwards said. "The campaign goes on. The campaign goes on strongly."
As if to prove the point, he flew to New York for a fundraiser Thursday night and his wife traveled to Boston with their two youngest children to see their older daughter at Harvard Law School. They are scheduled to fly together to Los Angeles for more fundraising Friday.
"Anyone who wants to be president of the United States needs to understand and recognize that there will be very difficult, intense, high-pressure times when judgments have to be made," Edwards said. "And if you're not able to, in a focused, thoughtful way, to deal with this kind of pressure, you're not ready to be president."
Sorry not so hard for John Edwards
Sorry seems to be the hardest word, unless you're presidential contender John Edwards trying to claim a top spot in the 2008 Democratic field.
While politicians campaign on their successes, the former North Carolina senator and 2004 vice presidential nominee keeps reminding people he was wrong to vote for the 2002 congressional resolution authorizing the war in Iraq.
Hahaha... Talk about gaining votes. Hope he's sincere.
Discuss John Edwards 2008 presidential race bid.
