Seattle, the Pacific Northwest city where home-grown online retailer Amazon.com has increasingly flexed its political muscle, is expected to approve on Monday legislation banning political contributions by companies with at least 5% foreign ownership. A six-member committee of Seattle City Council has already unanimously approved the measure, making it almost certain that the full nine-member council will pass it on Monday. Amazon, Seattle’s largest employer, donated a record $1.5 million to back a slate of pro-business candidates in the November council elections – a campaign that was largely unsuccessful. …read more
Source:: Yahoo Finance
