The IRE office will be closed from December 25th to January 5th.
Business
Hundreds of Texas racehorses fatally injured
John Tedesco of the San Antonio Express-News examined the Texas Racing Commission’s database of horse injuries, which never had been analyzed by outsiders, and found that “at the state’s five licensed tracks, Marsh and other veterinarians with the Texas Racing Commission have euthanized or documented the deaths of 300 horses in the past five years,…
Read MoreHigh-interest payday loans increase in N.H.
Karen Spiller of The (Nashua, N.H.) Telegraph found that payday loans with high interest rates — as high as 500 percent or more — are increasing in New Hampshire, the only state in New England not to regulate them. “Last year alone, more than 100,000 payday loans were written in the state for an average…
Read MoreUtility district spent ratepayers’ money on sports
Andrew McIntosh of The Sacramento Bee found that “the Sacramento Municipal Utility District has spent more than $1 million in ratepayers’ money on partnership deals with the Sacramento Kings and Monarchs since 2002.” The public utility’s contracts with Maloof Sports, disclosed under the state’s Public Records Act, offer a rare glimpse into an NBA team’s…
Read MoreFirms employ brokers who have regulatory records
Paul Foutch and Will Deener of The Dallas Morning News used state securities board data to show that four firms in the Dallas-Fort Worth brokerage industry have brokers with extensive regulatory records. The investigation used NASD data (the industry’s self-regulatory body, formerly known as the National Association of Securities Dealers) obtained from the Texas State…
Read MoreJudicial nominee violated ethics law
Will Evans of the Center for Investigative Reporting, writing for Salon.com, reviewed the financial filings of Judge Terrence W. Boyle, a key circuit court nominee touted by the White House and Senate Majority Leader Bill Frist, to show that he ruled in multiple cases involving corporations in which he held investments. For instance, Boyle bought…
Read MoreSonics’ owners are a secretive team
Jim Brunner of The Seattle Times used public records to construct the most complete roster to date of the investors of Seattle’s basketball team, the Sonics. “Some were announced when they bought the team in 2001; others were identified in public records or interviews. Several were recently confirmed by the team for the first time…
Read MoreTax breaks prove costly for Detroit
David Josar of The Detroit News used State Tax Commission data, property assessments and tax records to show that Detroit is losing more than $63 million in annual revenue because of property tax breaks given to people moving into new houses, condos and lofts. The tax breaks have cost the city and school district more…
Read MoreDrug companies sponsored FDA staff travel
Alexander Cohen of The Center for Public Integrity analyzed FDA reports of privately sponsored trips taken by agency officials between October 1999 and September 2005 that cost more than $250 and found a loophole in the agency rules that has allowed its employees to receive more than $1.3 million in sponsored travel from groups closely…
Read MoreMortgage industry employs felons
Geoff Dutton of The Columbus Dispatch continues to follow the predatory lending business and practices in Ohio. He finds that “leaders of the brokers association have urged lawmakers to reject new proposals designed to crack down on predatory lending and increase state oversight. The mortgage industry, they argue, can police itself without new state regulations.”…
Read MoreBuilders, nonprofit have close ties
Reese Dunklin of The Dallas Morning News reports that “The low-income housing builders at the heart of the FBI’s corruption investigation at City Hall created a nonprofit organization, stocked it with friends and political allies and used it to obtain more than $3 million in tax-free subsidies that earned their companies millions more in profit.”…
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