The IRE Resource Center is a major research library containing more than 27,000 investigative stories.

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Search results for "finance" ...

  • A Rush of Financial Questions

    The Better Government Association (BGA) spent eight months researching the finances of U.S. Rep. Bobby Rush (D-Ill), his campaign committees, and nonprofits he founded or otherwise is affiliated with. Our findings, published with the Chicago Sun-Times in a two-part series, paint a troubling portrait of Rush, and question whose interests he’s really serving in Congress.
  • Puppet States: Where the Money Went

    While the impact of the U.S. Supreme Court’s 'Citizens United' decision to deregulate campaign finance laws has been well noted in federal elections, the effect it’s had on state level elections has been virtually ignored. In its yearlong "Puppet States" investigation, the Center for Public Integrity systematically examined the new radical reordering of campaign finance in 2012 state level elections to assess the impact of Citizens United.
  • For The Record: Unrestricted Warfare

    For The Record investigated whether the 2008 U.S. financial crisis may have been caused at least in part by economic terrorism – the intentional infliction of economic damage on U.S. markets. The theory was investigated by a report commissioned by the Pentagon, which the Defense Department later sought to marginalize. For The Record spoke with former high-level Pentagon officials who said that the report was quashed because it didn’t “fit the narrative” being pushed at the time.
  • Can You Fight Poverty With A Five-Star Hotel?

    My story is about the World Bank’s private investing arm, the International Finance Corporation, the IFC. It reveals that the IFC is a profit-oriented, deal-driven organization that not only fails to fight poverty, its stated mission, but may exacerbate it in its zeal to earn a healthy return on investment. The article details my investigation through hundreds of primary source and other documents, dozens of interviews around the world and my trip to Ghana to see many projects first-hand, to recount that the IFC hands out billions in cut-rate loans to wealthy tycoons and giant multinationals in some of the world’s poorest places. My story details the IFC’s investments with a who’s who of giant multinational corporations: Dow Chemical, DuPont, Mitsubishi, Vodafone, and many more. It outlines that the IFC funds fast-food chains like Domino's Pizza in South Africa and Kentucky Fried Chicken in Jamaica. It invests in upscale shopping malls in Egypt, Ghana, the former Soviet republics, Eastern Europe, and Central Asia. It backs candy-shop chains in Argentina and Bangladesh; breweries with global beer behemoths like SABMiller and with other breweries in the Czech Republic, Laos, Romania, Russia, and Tanzania; and soft-drink distribution for the likes of Coca-Cola, PepsiCo, and their competitors in Cambodia, Ethiopia, Mali, Russia, South Sudan, Uzbekistan, and more. The criticism of most such investments -- from a broad array of academics, watchdog groups and local organizations in the poor countries themselves -- is that these investments make little impact on poverty and could just as easily be undertaken without IFC subsidies. In some cases, critics contend, the projects hold back development and exacerbate poverty, not to mention subjecting affected countries to pollution and other ills.
  • Governor'Security Detail Overtime Tops $1 Million

    A six-month long investigation reveals that, despite campaigning on promises of cutting overtime costs for state employees, Governor Dannel Malloy own security team has racked up more than $1.1 million dollars in overtime in his first two years in office. That is more than the combined overtime costs for the security details of both the previous governor and lieutenant governor. Much of the overtime comes from Governor Malloy's extensive national and international travel, something critics deride as Malloy's bid for national exposure. A follow-up story found costs for the Governor's highly criticized trip to the White House Correspondents' Dinner cost $4800, despite the administration's previous claims that there was no taxpayer expense involved in the trip. Since the stories aired, the trip costs and overtime expenses for Malloy's security detail have become a campaign issue.
  • Predators

    A business reporter reveals remarkably common but overlooked financial chicanery that harms millions of vulnerable Americans, particularly the elderly and the poor.
  • Incapacitated: Florida's Guardianship Program

    The ABC Action News I-Team took an in-depth look at issues surrounding Florida’s court-ordered guardianship program. Once people are determined to be incapacitated by the court, they are stripped of their rights (including those to vote, to marry, to have a job, to drive, to choose their place of residence, to make gifts, to manage finances and to choose their health care providers). Guardians can bill their wards up to $70 an hour for performing routine tasks like opening mail, banking and paying them visits. There is no limit on the number of wards a guardian can be assigned. We found cases in which guardians were appointed dozens of wards at one time. We also discovered a lack of systemic oversight and a system that allowed abuse. Families of wards reported valuable items like jewelry and antiques often went missing. Records showed wards were often frequently moved from one assisted living home to another without their families being notified. Their homes, personal property and vehicles were often sold for a small percentage of their actual worth, and then resold by the guardians’ friends who purchased these items for huge profits.
  • 40 Million Mistakes

    60 Minutes set-out to investigate the consumer credit reporting industry, a four-billion-dollar-a-year industry which keeps files in our financial reputations. The credit reporting agencies collect data about consumers from credit card companies, banks, car dealerships, collection agencies and court records; they collate the data and create credit reports which they sell to businesses that use the reports to judge our creditworthiness and reliability. An error on a credit report can cost consumers a lot of money and a lot of hardship; an error can increase the interest rate on loans; prevent someone from getting a mortgage or buying a car, landing a job or gaining security clearance.
  • Louisiana Purchased

    “Louisiana Purchased” is the most comprehensive look at the big business of campaign financing in the history of Louisiana. The series - a first of its kind collaboration between WVUE and Times Picayune – used the investigative teams’ collective resources to pull back the curtain on a labyrinthine system hidden within millions of pieces of data. “Louisiana Purchased” highlighted illegal activities, questionable practices, and toothless ethics enforcement. The investigative team uncovered that over the course of four years (2009-2012) nearly $204 million poured into the campaigns of Louisiana’s state and local candidates. One-third of the $204 million donated was financed by less than one percent of the donors, .3 percent to be exact. Those donors made up an elite “Top 400” campaign contributor that subsequently became the driving force behind much of “Louisiana Purchased”. From that list, the team uncovered patterns that showed high dollar donors with choice board appointments, lavish campaign spending and politicians collecting more money than the law allowed. As a result, lawmakers admitted they broke the law and paid back the money and according to the state treasurer, ethics enforcement will get more financial backing as a direct result of our stories.
  • The Political 1% of the 1% in 2012

    In the 2012 Election 28 percent of all disclosed political contributions came from just 31,385 people. These donors represent the "1% of the 1%," an elite class that increasingly serves as the gatekeepers of public office in the United States. Our analysis covers who these wealthy donors are, how they impact every congressional seat and where states ranks among this group of political donors. Only have three minutes? Watch a video about the 1% of the 1% story here: