A group of billionaire philanthropists is to donate tens of millions more dollars to develop progressive political ideas in the US in an effort to counter the conservative ascendancy.
George Soros, who made his fortune in the hedge fund industry; Herb and Marion Sandler, the California couple who own a multi-billion dollar savings and loan business and Peter Lewis, the publicity-shy chairman of an Ohio insurance company, gave more than $63m in the 2004 election cycle to organisations seeking to defeat George W. Bush.
