Extra Extra : Economy

Athletes, teams donate big to political campaigns

An investigative team analyzed thousands of financial records from federal, state and local elections and discovered how sports teams, owners and athletes are contributing to political campaigns.

The 10 Investigates team from Tampa Bay and Sarasota’s 10 News found that many of the area’s major teams have contributed political funds – usually toward the state’s dominant party. The experts they interviewed suggest the money is seen as an investment to tip legislators toward passing stadium-friendly legislation.

To read and watch the full story, click here.

Extra Extra Monday: Uneven assessments, National Guard misconduct, Chicago migration myth

Across Wisconsin, uneven property assessments fly in the face of fairness | Milwaukee Journal Sentinel

By measure after measure, in cities, towns and villages across Wisconsin, property assessors are discounting uniformity and trampling on fairness, while officials with the state Department of Revenue do little to rectify the disparities, an investigation by the Milwaukee Journal Sentinel has found.

In dozens of communities, 20% or more of residential property taxes are being paid by the wrong people, according to the Journal Sentinel's analysis of Department of Revenue records for each of the state's 1,852 municipalities. The analysis considered communities ...

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Extra Extra Monday: Injury-leave program, secret service fumbles, the cost of rape

Blacks disproportionately arrested for marijuana possession in Pinellas, Hillsborough counties | Tampa Bay Times

Black people in Pinellas and Hillsborough are at least six times as likely to be arrested for marijuana possession as white people. It's not because of who smokes pot and who doesn’t.

Racial disparities in pot possession arrests is not a new topic. But the disparities are particularly pronounced in Pinellas and Hillsborough counties, a Tampa Bay Times analysis found.

 

L.A. pays millions as police and firefighter claims rise | L.A. Times

An injury-leave program for Los Angeles police and firefighters has cost taxpayers ...

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Extra Extra Monday: Peace Corps medical care, homeless students in the suburbs, license plate cameras

Trail of medical missteps in a Peace Corps death | The New York Times

A Peace Corps spokeswoman called Nick Castle’s death, from a gastrointestinal illness, “a tragic experience.” To examine its own conduct, the agency took the unusual step of engaging an outside American expert, whose report concluded that despite medical missteps by a Peace Corps doctor who missed signs of serious illness, Mr. Castle’s death could not have been prevented.

But the story of his death — pieced together from interviews and confidential reports and documents, including his autopsy — raises serious questions about Peace Corps medical care and ...

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Extra Extra Monday: ATF stings, voter fraud and the new subprime bubble

Investigation: ATF drug stings targeted minorities | USA TODAY

The nation's top gun-enforcement agency overwhelmingly targeted racial and ethnic minorities as it expanded its use of controversial drug sting operations, a USA TODAY investigation shows.

The Bureau of Alcohol, Tobacco, Firearms and Explosives has more than quadrupled its use of those stings during the past decade, quietly making them a central part of its attempts to combat gun crime. The operations are designed to produce long prison sentences for suspects enticed by the promise of pocketing as much as $100,000 for robbing a drug stash house that does not ...

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Detroit landlords cash in on rent aid, ignore tax bills

A Detroit News investigation found about 1 in 4 Detroit landlords paid to rent to poor families through the state’s Housing Choice Voucher program collectively owe the city at least $5 million in back taxes and probably much more. Federal and state guidelines for the rental assistance — known as Section 8 — don’t require that all landlords pay.

Read the entire story here.

Casinos main source of income for Wisconsin-based tribes

Today, American Indian gaming is the biggest economic engine for the Menominee, and the other 10 Wisconsin tribes.

Twenty-five licensed Class III casinos across Wisconsin generated more than $1 billion for tribes in 2011. About $52 million of that money went to the state of Wisconsin’s coffers, the latest figures from the state show. The Ho-Chunk also operate a Class II bingo-slot facility in Madison.

Suicide rates increasing in region of New York

Relatives of China’s top leaders held secretive offshore companies

The International Consortium of International Journalists found that “Close relatives of China’s top leaders have held secretive offshore companies in tax havens that helped shroud the Communist elite’s wealth, a leaked cache of documents reveals.”

ICIJ has been working since 2012 to analyze about 2.5 million leaked offshore records. The latest installment digs into documents from China, Hong Kong and Taiwan.

Here’s more from the ICIJ story:

“The data illustrates the outsized dependency of the world’s second largest economy on tiny islands thousands of miles away.  As the country has moved from an insular communist ...

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Nation's billionaires take advantage of South Dakota’s tax-friendly trust laws

According to The Washington Post, "in the past four years, the amount of money administered by South Dakota trust companies has tripled to $121 billion, almost all of it from out of state."

"States such as South Dakota are “creating laws that are conducive to a massive exploitation of a federal tax loophole,” said Edward McCaffery, a law professor at the University of Southern California. “We have a tax haven in our midst.”