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☆ Lawsuit Puts Fresh Focus on Eric Hovde’s Comments About Older Voters
▼ + stars: | 2024-04-20 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Eric Hovde, the Republican banking executive challenging Senator Tammy Baldwin in Wisconsin, may be developing a problem with older voters. The bank he leads, Utah-based Sunwest, last month was named as a co-defendant in a California lawsuit that accuses a senior living facility partly owned by the bank of elder abuse, negligence and wrongful death. Mr. Hovde’s campaign called the suit meritless and said it was farcical to hold the chairman and chief executive of a bank responsible for the actions of a business that it seized in a foreclosure in 2021. Whatever its merits, the suit might have been largely irrelevant to Mr. Hovde’s political campaign had he himself not boasted recently of having gained expertise in the nursing home industry as a lender to such residences. In comments this month in which he suggested there had been irregularities in the 2020 election, Mr. Hovde drew on that experience to say that residents of nursing homes “have a five-, six-month life expectancy” and that “almost nobody in a nursing home is at a point to vote.” Those remarks were quickly condemned by Democrats in Wisconsin and by the former Milwaukee Bucks star Kareem Abdul-Jabbar.

Persons: Eric Hovde, Tammy Baldwin, Hovde’s, Hovde, Kareem Abdul, Jabbar Organizations: Republican, Milwaukee Bucks Locations: Wisconsin, Utah, California

MADISON, Wis. (AP) — Multimillionaire Republican businessman Eric Hovde is planning to launch a bid for U.S. Senate against Democratic incumbent Sen. Tammy Baldwin next week. Hovde campaign spokesperson Ben Voelkel said Thursday that Hovde, 59, will get into the race next week after months of preparation. Hovde previously ran for Senate in 2012, describing himself then as a free-market conservative, losing in the Republican primary to former Gov. Photos You Should See View All 22 ImagesIn that race, Hovde ran as a supporter of overturning the Affordable Care Act, the national health care law signed by former President Barack Obama. Baldwin has already said she plans to highlight abortion rights in this year's Senate race.

Persons: —, Eric Hovde, Sen, Tammy Baldwin, Ben Voelkel, Reelecting Baldwin, Hovde, Tommy Thompson, Thompson, Baldwin, Barack Obama, Roe, Wade, Tony Evers ’, Andrew Mamo, ”, ” Mamo, Scott Mayer, Milwaukee County Sheriff David Clarke, Tom Tiffany, Mike Gallagher Organizations: U.S, Senate, Democratic, National Republican Senatorial Committee, Republican, Gov, Supreme, Democratic Gov, Sunwest Bank, Washington , D.C, Milwaukee County Sheriff, Reps Locations: MADISON, Wis, Hovde, Laguna Beach , California, Madison, Washington ,, California, Orange, Wisconsin, Franklin, Milwaukee County, Milwaukee

MADISON, Wis. (AP) — A second Republican with little name recognition is entering the U.S. Senate race to take on Democratic U.S. Sen. Tammy Baldwin, whose 2024 push for reelection is expected to be one of the most closely watched Senate contests in the nation. Trempealeau County Board Supervisor Stacey Klein filed to run on Tuesday and said she would make a formal announcement on Saturday. "Definitely not being naive about that.”Klein, 41, grew up on a dairy farm in western Wisconsin and works as a financial adviser. Klein joins Rejani Raveendran, a 40-year-old college student and chair of the University of Wisconsin-Stevens Point College Republicans, as the only announced Republican candidates. Political Cartoons View All 1154 ImagesSeveral other higher-profile Republicans have decided against taking on Baldwin next year.

Persons: —, Democratic U.S . Sen, Tammy Baldwin, Stacey Klein, Klein, “, ”, ” Klein, Rejani, Baldwin, Mike Gallagher, Tom Tiffany, Eric Hovde, Franklin, Scott Mayer, Milwaukee County Sheriff David Clarke Organizations: U.S . Senate, Democratic U.S ., University of Wisconsin, Stevens Point College Republicans, Republican, U.S, Reps, Madison, Milwaukee County Sheriff, Associated Press Locations: MADISON, Wis, Trempealeau, Wisconsin, Milwaukee County

☆ Ellen Hovde, ‘Grey Gardens’ Documentarian, Dies at 97
▼ + stars: | 2023-07-11 | by ( Neil Genzlinger | More About Neil Genzlinger | ) www.nytimes.com time to read: +1 min

Ellen Hovde, a documentarian who was one of the directors of “Grey Gardens,” the groundbreaking 1975 movie that examined the lives of two reclusive women living in a deteriorating mansion on Long Island and inspired both a Broadway musical and an HBO film, died on Feb. 16 at her home in Brooklyn. She was 97. Her death, which had not been widely reported, was confirmed last week by her children, Tessa Huxley and Mark Trevenen Huxley, who said the cause was Alzheimer’s disease. In 1969 she was a contributing editor on “Salesman,” a documentary by the Maysleses and Charlotte Zwerin that followed four salesmen as they peddled $49.95 Bibles door to door in New England and Florida. The next year she was an editor on “Gimme Shelter,” the documentary by the Maysleses and Ms. Zwerin that captured a Rolling Stones tour, including the concert at Altamont Speedway in Northern California in late 1969 at which a concertgoer was killed by a Hells Angel.

Persons: Ellen Hovde, “, Tessa Huxley, Mark Trevenen Huxley, Hovde, Albert, David, ”, Charlotte Zwerin, Zwerin Organizations: HBO, Altamont Speedway Locations: “ Grey, Long, Brooklyn, New England, Florida, Northern California

☆ ‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
▼ + stars: | 2023-06-14 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

Mr. Vecchione said he had never spoken to Ms. Yellen or her staff before this year, and now he receives check-in calls from the deputy Treasury secretary, Wally Adeyemo. He said he had been asking regulators lately, “Do you even want us to exist?”There is a model for a more concentrated banking sector. In Canada, six banks dominate 90 percent of the market, versus about 50 percent for the six largest banks in the United States. Experts say there is little incentive for banks in Canada to take outsize risks, though there is also relatively little competition, which means borrowers may face higher interest rates. “I don’t think we want to get to the point of six banks, because that would really stifle lending,” said Ben Gerlinger, a regional bank analyst at Hovde Group.

Persons: Jamie Dimon, Janet L, Yellen, Vecchione, Wally Adeyemo, ”, Ben Gerlinger Organizations: JPMorgan, Experts, Hovde Group Locations: Canada, United States

☆ Stocks making the biggest moves midday: PacWest, DraftKings, Pfizer, Foot Locker and more
▼ + stars: | 2023-05-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading. DraftKings — Shares of the sports gambling platform soared 8% in midday trading. Earlier on Monday, UBS upgraded the stock to buy from neutral on strong growth in new states. Zions Bancorporation — The bank stock jumped 6.7% after Hovde Group initiated coverage of Zions at outperform, with a $40 price target, according to FactSet. Norfolk Southern — Norfolk Southern gained less than 1% during midday trading.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

☆ Republicans are seeking wealthy, self-funding candidates to help the party win a Senate majority in 2024, report says
▼ + stars: | 2023-03-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

GOP leaders are seeking out wealthy Senate candidates to counter Democratic fundraising successes. In recent cycles, some GOP candidates have used outside spending to mitigate spending disparities. Last year, Democratic Senate nominees in the six most competitive races outraised their GOP counterparts by $288 million, per Politico. The well-known doctor poured $26.8 million of his own funds into his unsuccessful Senate campaign, according to OpenSecrets. Dolan, who put more than $10.5 million into his 2022 Senate bid, could face Democratic Sen. Sherrod Brown.

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