The IRE office will be closed from December 25th to January 5th.
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Commercial real estate losses threaten local banks
“Commercial real-estate loans could generate losses of $100 billion by the end of next year at more than 900 small and midsize U.S. banks if the economy’s woes deepen, according to an analysis by The Wall Street Journal.” Maurice Tamman and David Enrich report that losses on commercial real-estate loans are much greater than loses…
Read MoreStimulus funds go to contractors with history of problems
Contractors receiving stimulus funds for nuclear cleanup sites across the country include “many that have been cited for serious safety violations and costly mistakes,” according to a report by Kimberly Kindy of The Washington Post. “In the case of the Energy Department program, private contractors do all cleanup work, and they have been involved from…
Read MoreFood safety becoming responsiblity of the consumer
Following a mysterious outbreak of salmonella in 2007 linked to pot pies from ConAgra Foods, corporations have moved to place the responsibility for “food safety” on the consumer through warnings and instructions on how to prepare processed food items. The New York Times reports, “Increasingly, the corporations that supply Americans with processed foods are unable…
Read MoreHandicapped accessibility a problem at many CTA stations
An investigation into the handicapped accessibility of Chicago Transit Authority stations by a team of reporters from Columbia College Chicago found that “41 percent of the stations designated fully accessible were not.” Using FOIA, the students reviewed over 2,000 ADA-related complaints filed against the CTA from Jan. 1, 2004 through Feb. 28, 2009. Some of…
Read MoreLand parcels owned by city poorly tracked
The city of Wichita owns more than 11,000 acres that include multimillion-dollar buildings such as City Hall, an overgrown wildlife preserve and small, oddly shaped plots worth as little as $10. But a weeks-long investigation by Brent D. Wistrom of The Wichita Eagle shows disjointed records system leaves city officials and the public unable to…
Read MoreCities overcharged by ex-politician through bond loan program
A $3 billion municipal bond loan program run by an ex-politician in Tennessee was overcharging Nashville and two other cities by hiding fees within reported interest rates, The Tennessean‘s Brad Schrade reported. The multi-story investigation used federal bank filings, audits and other public records to expose problems with the non-profit loan program, including lack of disclosure,…
Read MoreVacant homes, neighborhoods plague the Rust Belt
“An analysis by The Associated Press, based on data collected by the U.S. Postal Service and the Housing and Urban Development Department, shows the emptiest neighborhoods are clustered in places hit hard during the recession of the 1980s — cities such as Flint, Mich.; Columbus, Ohio; Buffalo, N.Y.; and Indianapolis.” Dan Sewell and Frank Bass…
Read MoreLandowners, not voters, control government of Florida town
A three-part series in the Naples (Fla.) Daily News looks at the town government of Ave Maria, a community that surrounds a Catholic-oriented university started by Domino’s Pizza founder Tom Monaghan. Monaghan and a local landowner got a state law passed creating a government that they can control forever at the expense of the town’s…
Read MoreAdvanced placement classes failing to prepare students
Florida Times-Union reporters Topher Sanders and Mary Kelli Palka used open records laws to obtain data on Advanced Placement classes that the Jacksonville, Fla. school district didn’t want public. Sanders and Palka used the data to compare students’ performance in AP classes, and on the national AP exam and the state’s standardized test, the Florida…
Read MoreCalifornia schools struggle to deal with problem teachers, staff
A series in the Los Angeles Times examines how effectively districts across California are dealing with teachers and other staff who are failing their students. In the Los Angeles Unified school district, “about 160 instructors and others get salaries for doing nothing while their job fitness is reviewed. They collect roughly $10 million a year,…
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