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Search results for "finances" ...

  • Cashing In

    During a period of tight city finances, Memphis was outlaying a yearly average of as much as $2,300 per day on attorneys fees. Nealry $8 million across 22 law firms was payed out by taxpayers in a four year time frame. WREG-TV uncovered that many of these lawyers were personal friends of the mayor, and the station's requests for budget items were purposefully stalled and stonewalled until serious actions of litigation against the city were threatened.
  • "Buffalo economic development agency scandal"

    The News exposed numerous economic blunders by members of Buffalo's economic development agency. The use of anti-poverty funds for employee health insurance perks and BlackBerry devices are just some of the misuses of city finances. The city also financed a failed restaurant that was owned by a "former pro basketball player" with the anti-poverty funds.
  • Risky Business

    The investigation revealed “how a school district’s use of risky “swaps” - derivatives that are bets on interest rate swings - caused huge losses and higher taxes for the district”. These “swaps”, given by financial advisors and investment banks, brought in millions of fees for them and left the school district in debt. Further, the school and adviser failed to terminate two swaps, which cost taxpayers millions more.
  • Ghost Tickets

    For decades now city officials, city police, and their spouses and friends are not paying their parking tickets and getting away with it. In this investigation of this secret parking ticket favors, it reveals that “millions of dollars” are lost from these parking tickets and the city must find a way to fix the problem. Further, the city’s government is being ridiculed for their lack of control and supervision over such practices.
  • Digging Up Millions for Tiny Airstrip

    “The federal government intends to spend $11 million to build an airstrip in a rural area”. In the rural area, the demand for an airstrip is slim to none and pressures a local airport to shut down, which is barely used and supported by tax money. So building a new airstrip is unneeded and a waste of tax money. Additionally, this article is an example of “a runaway federal program fueled by fees and surcharge paid by airline passengers”.
  • OC Watchdog Blog

    "The series looks at the so-called tough-on-crime mindset that has overtaken California’s criminal justice system." Everyone continues to want the bad guys punished and to keep them off the streets, but this too has consequences. California is struggling with finances, much like everyone else, and finding it difficult to fund public safety initiatives. They should be spending the money on education and social services, which influence the community and create obedient citizens.
  • Durham insider loans pile up

    Tim Durham “is one of Indiana’s highest-profile businesspeople” and appeared to be rising to the top of the super rich. But behind his image, a story of deception and lies is revealed. After an investigation of his company, Fair Finance Co., revealed this deception and he was accused of securities fraud. Also, he was alleged to be using a Ponzi scheme, “using money from new investors to pay off previous purchasers of investment certificates”. Now, Durham and his company face a number of lawsuits.
  • The Sellout

    This book shows that the financial turmoil is part of something larger. The financial institutions are selling out their responsibility to their shareholders, outside investors, and the American public. This is one of the main reasons for the financial and economic market the way it is today. Also, Wall Street's self-indulgence and the government's lack of management played a large role in this as well.
  • Big Money Slides From WFP To City Campaigns; All In The Family

    “The Working Families Party is an increasingly powerful third political party in New York which, due to quirky state election laws, is able to cross-endorse candidates and get involved in other parties’ primaries.” The question that everyone has been asking is how WFP (Working Families Party) finances its extensive operations. The first article reveals this very question. The WFP owned a secretive political consulting company, which uses the same resources as WFP and in apparent opposition to New York City’s campaign finance laws. The second article reveals that WFP not only has two arms, but there are in fact four arms. These four arms show the benefits received by WFP are of a political party, a non-profit, and a for-profit.
  • Bosnia-Herzegovina Politicians' Assets

    By law, Bosnian politicians are required to disclose their assets. When the Center for Investigative Reporting in Sarajevo explored financial records of individual politicians, small unreported private fortunes were uncovered. Corporate kickbacks from special interests were found as well.