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Meet George Norcross III, boss of the Camden County Machine.
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Yesterday’s Commerce Bank sale probably will have little impact on the political influence of leading Democratic figure George E. Norcross III, the banks second-largest stockholder and CEO of its insurance company.
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The son of a prosperous Virginia real estate developer, Mr. Hill ran the bank as if it were his own personal patronage system. He hired numerous people with deep connections to New Jersey municipal and state governments, and then he hired their relatives.
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Midway through the year, total deposits from governmental organizations were up 50 percent, to $324 million, from $217 million a year earlier.
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Commerce, based in Cherry Hill, N.J., said, “The scope of the investigation will include but not be limited to transactions with its officers, directors and related parties, including transactions involving bank premises.”
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The technology behind the NSA’s massive domestic spying machine.
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What appear to be the two opposing poles [Federal and Local Governments] in the contemporary federalism debate are actually united in one crucial belief: that individual liberty is a minor consideration in the distribution and exercise of gov’t powers.
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Full book, the “Limits of Tyranny”.
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