Business
Citizens United anniversary marks expensive start to 2024 election on January 18, 2024 at 11:00 am Business News | The Hill
Nearly 14 years after a controversial Supreme Court case opened the door to unlimited independent spending in federal elections, the U.S. is on track for another election cycle with record-breaking spending.
In the 5-4 decision in Citizens United v. Federal Election Commission (FEC) handed down Jan. 21, 2010, the Supreme Court ruled longstanding limits on independent expenditures by corporations, unions and other groups in federal elections violated the First Amendment right to free speech, although they cannot legally coordinate their spending with campaigns.
Citizens United kicked off “a race to the top of the spending charts,” Sarah Bryner, director of research and strategy at the money-in-politics tracking organization OpenSecrets, told The Hill.
AdImpact, a political advertising tracking firm, anticipates $10.2 billion will be spent on political advertising across broadcast, cable, radio, satellite, digital and CTV during the 2024 cycle, which would make it the most expensive in history. AdImpact tracked more than $9 billion in such political expenditures during the 2020 election cycle, the standing record.
Super PACs and other outside groups, which were permitted to spend unlimited amounts of money on elections following the Citizens United ruling, are already outstripping spending in previous election cycles.
Outside groups have dumped nearly $318 million into 2024 presidential and congressional elections as of Sunday, OpenSecrets reported. That top-line figure is more than six times the amount spent through the same period in 2020.
A boom in outside spending since the Citizens United decision has contributed to steadily more expensive elections.
During the 2008 cycle, the last presidential election cycle before 2010 Supreme Court ruling, candidates, political parties and independent outside groups spent $7.1 billion on federal elections, adjusted for inflation, according to OpenSecrets. During the 2020 election cycle, total spending topped $16.4 billion.
The wash of money in politics — and its perceived influence on politicians and the policymaking process — has left many Americans skeptical that their elected representatives are working for them.
More than 70 percent of American adults across ideological and demographic lines think there should be limits on how much money individuals and organizations can spend on elections, according to a recent Pew Research Center study. The D.C.-based think tank surveyed 8,480 adults from July 10 to 16, 2023, and released the data as part of its “Americans’ Dismal Views of the Nation’s Politics” report this past fall.
But Bryner sees negative views of the role of money in politics as “more of a symptom of the kind of polarization and alienation that people feel from politics.”
“We have these legal changes that allow for huge donations by mega donors and by corporations and unions, and then we also have this societal shift where political giving is part of what people think they need to do to be involved and to make change,” Bryner said. “And I think that both of those contribute to these record totals.”
An expensive start to 2024
There’s already a ton of money pouring into the 2024 presidential race.
Campaigns and their affiliated PACs poured more than $120 million into state political ad buys ahead of the Iowa Republican caucuses on Monday, a new record, according to AdImpact data reported by CNBC.
But whether predictions of record-breaking spending come to pass remains to be seen, Bryner said.
“I have been saying the whole time that I think that depends on what happens with this [Republican] primary,” Bryner said. “If [President] Trump wraps up the Republican nomination really fast, there are less opportunities for heavy spending in a lot of these primary contests.”
Trump handily won Iowa, though former South Carolina Gov. Nikki Haley has closed the gap to single digits in New Hampshire, according to polling analysis by Decision Desk HQ/The Hill. Florida Gov. Ron DeSantis also remains in the race heading into the GOP primary in New Hampshire next Tuesday.
Ciara Torres-Spelliscy, an associate professor at Stetson University College of Law who specializes in campaign finance and constitutional law, predicts another cycle of record spending if Trump and Biden face off again.
“Both of these candidates are excellent at fundraising and then you’re going to have all of the outside money and dark money trying to influence individuals’ votes,” Torres-Spelliscy said. “I think we’re in for a bumpy ride.”
President Biden’s reelection operation — comprising his campaign, joint fundraising committees and the Democratic National Committee — announced Monday it has $117 million on hand and raked in more than $97 million during the fourth quarter of 2023.
Official year-end filings due to the FEC at the end of January will paint a clearer picture of how much money candidates have on hand heading into the first leg of the 2024 election.
‘Dark money’ fuels negative view of the role of money in politics
An overwhelming majority of Americans — 82 percent — told Pew they think donors have too much influence over decisions made by members of Congress, and 73 percent thought lobbyists and special interest groups hold too much sway.
The explosion of “dark money,” political spending to influence voters without disclosing the source or the funds by groups that do not disclose their donors, after the Citizens United decision may contribute to pessimistic attitudes about who is influencing elected officials.
“You have no idea who is paying to influence those outcomes, and I think it’s also a little bit naive to assume that even though it’s anonymous to the public, it’s anonymous to the recipient,” Bryner said.
OpenSecrets found that of the $9 billion in outside spending between Citizens United and the 2022 election, more than $2.6 billion came from opaque sources.
Perhaps the most sensational recent example was the stunning downfall of Sam Bankman-Fried, the founder of the cryptocurrency exchange platform FTX who publicly contributed $40.7 million to federal Democratic candidates and groups during the 2022 election cycle and allegedly kept his donations to Republicans “dark.”
While independent expenditure groups, like super PACs, are legally required to disclose their donors, contributions from shell companies, nonprofits or straw donors can conceal the true source of the funds.
Dark money groups have also found creative ways to get around reporting their spending to the FEC, including stopping spending within a certain window before an election and avoiding the use of “magic words” calling on voters to support or oppose a candidate that would trigger disclosure.
But Torres-Spelliscy told The Hill she thinks it’s “not fair to blame Citizens United for dark money.”
“Citizens United is actually good on disclosure,” Torres-Spelliscy said, noting the Supreme Court ruled 8-1 to uphold disclosure requirements as part of its decision in Citizens United.
The late conservative stalwart Justice Antonin Scalia, who voted in the majority on Citizens United, agreed the First Amendment does not extend the right to “speak” anonymously in a 2010 opinion in the case of Doe v. Reed.
“Requiring people to stand up in public for their political acts fosters civic courage, without which democracy is doomed,” Scalia wrote. “For my part, I do not look forward to a society which, thanks to the Supreme Court, campaigns anonymously and even exercises the direct democracy of initiative and referendum hidden from public scrutiny and protected from the accountability of criticism. This does not resemble the Home of the Brave.”
Following the Citizens United decision, conservative groups were the first to use dark money aggressively, Issue One Research Director Michael Beckel told The Hill, but liberal groups have caught up in recent years, broadening the practice out across the political spectrum.
“One trend to be paying attention to this year is to what extent both teams are using dark money, or if one team is using it more. Generally in the last few election cycles, we’ve seen both Democrats and Republicans willing to use dark money vehicles. Neither side wants to be left behind in this political money arms race,” Beckel said.
Taylor Giorno previously worked for OpenSecrets.
Business, Campaign, 2024 election, antonin scalia, citizens united, dark money, Democratic NAtional Committee, Donald Trump, Joe Biden, Nikki Haley, OpenSecrets, politics, Ron DeSantis, Supreme Court Nearly 14 years after a controversial Supreme Court case opened the door to unlimited independent spending in federal elections, the U.S. is on track for another election cycle with record-breaking spending. In the 5-4 decision in Citizens United v. Federal Election Commission (FEC) handed down Jan. 21, 2010, the Supreme Court ruled longstanding limits on…
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.
Business
Why 9 Million Americans Have Left

The Growing American Exodus
Nearly 9 million Americans now live outside the United States—a number that rivals the population of several states and signals a profound shift in how people view the American dream. This mass migration isn’t confined to retirees or the wealthy. Thanks to remote work, digital nomad visas, and mounting pressures at home, young professionals, families, and business owners are increasingly joining the ranks of expats.

Rising Costs and Shrinking Wallets
Living in the US has become increasingly expensive. Weekly grocery bills topping $300 are not uncommon, and everyday items like coffee and beef have surged in price over the last year. Rent, utilities, and other essentials also continue to climb, leaving many Americans to cut meals or put off purchases just to make ends meet. In contrast, life in countries like Mexico or Costa Rica often costs just 50–60% of what it does in the US—without sacrificing comfort or quality.
Health Care Concerns Drive Migration
America’s health care system is a major trigger for relocation. Despite the fact that the US spends more per person on health care than any other country, millions struggle to access affordable treatment. Over half of Americans admit to delaying medical care due to cost, with households earning below $40,000 seeing this rate jump to 63%. Many expats point to countries such as Spain or Thailand, where health care is both affordable and accessible, as a major draw.

Seeking Safety Abroad
Public safety issues—especially violent crime and gun-related incidents—have made many Americans feel unsafe, even in their own communities. The 2024 Global Peace Index documents a decline in North America’s safety ratings, while families in major cities often prioritize teaching their children to avoid gun violence over simple street safety. In many overseas destinations, newly arrived American families report a significant improvement in their sense of security and peace of mind.
Tax Burdens and Bureaucracy
US tax laws extend abroad, requiring expats to file annual returns and comply with complicated rules through acts such as FATCA. For some, the burden of global tax compliance is so great that thousands relinquish their US citizenship each year simply to escape the paperwork and scrutiny.
The Digital Nomad Revolution
Remote work has unlocked new pathways for Americans. Over a quarter of all paid workdays in the US are now fully remote, and more than 40 countries offer digital nomad visas for foreign professionals. Many Americans are leveraging this opportunity to maintain their US incomes while cutting costs and upgrading their quality of life abroad.

Conclusion: Redefining the Dream
The mass departure of nearly 9 million Americans reveals deep cracks in what was once considered the land of opportunity. Escalating costs, inaccessible healthcare, safety concerns, and relentless bureaucracy have spurred a global search for better options. For millions, the modern American dream is no longer tied to a white-picket fence, but found in newfound freedom beyond America’s borders.
Business
Will Theaters Crush Streaming in Hollywood’s Next Act?

Hollywood is bracing for a pivotal comeback, and for movie lovers, it’s the kind of shake-up that could redefine the very culture of cinema. With the freshly merged Paramount-Skydance shaking up its strategy, CEO David Ellison’s announcement doesn’t just signal a change—it reignites the passion for moviegoing that built the magic of Hollywood in the first place.

Theatrical Experience Roars Back
Fans and insiders alike have felt the itch for more event movies. For years, streaming promised endless options, but fragmented attention left many longing for communal spectacle. Now, with Paramount-Skydance tripling its film output for the big screen, it’s clear: studio leaders believe there’s no substitute for the lights, the hush before the opening credits, and the collective thrill of reacting to Hollywood’s latest blockbusters. Ellison’s pivot away from streaming exclusives taps deep into what unites cinephiles—the lived experience of cinema as art and event, not just content.
Industry Pulse: From Crisis to Renaissance
On the financial front, the numbers are as electrifying as any plot twist. After years of doubt, the box office is roaring. AMC, the world’s largest theater chain, reports a staggering 26% spike in moviegoer attendance and 36% revenue growth in Q2 2025. That kind of momentum hasn’t been seen since the heyday of summer tentpoles—and it’s not just about more tickets sold. AMC’s strategy—premium screens, with IMAX and Dolby Cinema, curated concessions, and branded collectibles—has turned every new release into an event, driving per-customer profits up nearly 50% compared to pre-pandemic norms.
Blockbusters Lead the Culture
Forget the gloom of endless streaming drops; when films like Top Gun: Maverick, Mission: Impossible, Minecraft, and surprise hits like Weapons and Freakier Friday draw crowds, the industry—and movie fans—sit up and take notice. Movie-themed collectibles and concession innovations, from Barbie’s iconic pink car popcorn holders to anniversary tie-ins, have made each screening a moment worth remembering, blending nostalgia and discovery. The focus: high-impact, shared audience experiences that streaming can’t replicate.
Streaming’s Limits and Studio Strategy
Yes, streaming is still surging, but the tide may be turning. The biggest franchises, and the biggest cultural events, happen when audiences come together for a theatrical release. Paramount-Skydance’s shift signals to rivals that premium storytelling and box office spectacle are again at the center of Hollywood value creation. The result is not just higher profits for exhibitors like AMC, but a rebirth of movie-going as the ultimate destination for fans hungry for connection and cinematic adventure.

Future Forecast: Culture, Community, and Blockbuster Dreams
As PwC and others warn that box office totals may take years to fully catch up, movie lovers and industry leaders alike are betting that exclusive theatrical runs, enhanced viewing experiences, and fan-driven engagement are the ingredients for long-term recovery—and a new golden age. The Paramount-Skydance play is more than a business move; it’s a rallying cry for the art of the theatrical event. Expect more big bets, more surprises, and—finally—a long-overdue renaissance for the silver screen.
For those who believe in the power of cinema, it’s a thrilling second act—and the best seat in the house might be front and center once again.
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