The IRE office will be closed from December 25th to January 5th.
Business
Incentives pay millions, while companies fall short
Mike McAndrew and Michelle Breidenbach of The (Syracuse) Post-Standard report on how New York Governor George Pataki’s administration gives millions of dollars to businesses that promise to hire people, but often don’t. The Post-Standard uses the state’s Freedom of Information Law to obtain financial accounts, as well as records on companies’ penalties. “The newspaper’s review…
Read MoreConfusing stats help mask plant deaths
Lise Olsen of the Houston Chronicle continues the Chronicle’s investigation into the 1995 explosion at the BP oil refinery. Olson used OSHA data to uncover why few deaths had been attributed to refineries in the past. “Increasingly, the accuracy of government safety statistics is undermined by the changing work force. These days, up to half…
Read MoreTop 10 businesses top $1 billion in St. Petersburg
Helen Huntley of the St. Petersburg Times analyzed the cities top 10 companies finding that, for the first time ever, all 10 are more than $1 billion in revenue. “Eight of the 10 increased revenues by double digits last year. Their average return on equity was 20 percent.” The story includes graphics that provide details…
Read MorePension abuses hurt employees
Michael L. Diamond, with contributions from Paul D’Ambrosio and Nicholas Clunn, Eileen Smith and Peter Spencer of Gannett New Jersey newspapers reviewed the state’s pension program, finding that “while the private sector has sharply cut pension and health insurance benefits, the state has gone the opposite way. New Jersey’s system features generous payouts to retirees…
Read MoreProfits high, payroll low for Pittsburgh Pirates
Dejan Kovacevic of the Pittsburgh Post-Gazette spent two months delving into the finances of the Pittsburgh Pirates, owned by a private company, to project “that the Pirates will make a $12.8 million profit in 2005.” The average Major League Baseball franchise generated about $4.4 million in profits last year, and the Pirates’ payroll has been…
Read MoreDisney looks to improve parks to further growth
Jerry W. Jackson, Debbie Salamone and Sean Mussenden of The Orlando Sentinel used public records to determine that Walt Disney World represents a more than $4 billion-a-year business in Central Florida. The paper reviewed state, local and county tax records, corporate annual reports and 15 years’ worth of federal SEC filings, using computer-assisted reporting, to…
Read MoreRestaurant inspections find high number of infractions
Lee Davidson of The Deseret Morning News uses computer assisted-reporting to analyze nearly 10,000 restaurant inspections during 2003 and 2004. The data were obtained through a state open records request. “The analysis shows which restaurants had the most violations per inspection and the fewest, with 25 establishments averaging 13 or more critical violations per inspection,…
Read MoreOrlando convention center fails to meet high standards
Dan Tracy of the Orlando Sentinel spent more than six months investigating the Orange County Convention Center and the industry surrounding Central Florida’s largest single public-works project. “The center’s $748 million expansion, which opened in August 2003 in the midst of a tourism and travel slump, attracted only 154,317 new visitors during its first full…
Read MoreState offers big incentives at a large price
Sydney P. Freedberg and Connie Humburg of the St. Petersburg Times wrote about Florida’s attempt to attract business by offering large incentives to help companies create jobs. The incentives were not working with some companies shipping jobs oversees instead of creating them. These economic efforts come at a big price with Florida’s economic development efforts…
Read MoreRefinery warned about dangerous ventilation stack
Dina Cappiello and Anne Belli of the Houston Chronicle obtained OSHA data on the British Petroleum refinery that exploded March 23. They found that the refinery had been fined and warned about the ventilation stack and given ideas on how to make it safer in 1992. “To correct the problem, OSHA recommended that Amoco reconfigure…
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