Stories

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

Most of our stories are not available for download but can be easily ordered by contacting the Resource Center directly at 573-882-3364 or rescntr@ire.org where a researcher can help you pinpoint what you need.

Search results for "investments" ...

  • The Debacle that Buried Washington

    The savings and loan scandal had some lasting impact in the late 90s. In 1996, the Supreme Court ruled that the Federal Government had betrayed investors by changing the rules of the bailouts at the height of the crisis. The cost of that decision was to be decided by lower Federal courts and it could be as much as $50 billion.
  • Cash pensions trigger protest of new allies

    Many of the largest American companies were getting huge savings by changing the pension plans from 401ks to "cash balance" plans. Companies claimed the switch was made because of a need to modernize. In reality, the switch was made to cut benefits for millions of employees.
  • $1,000,000,000,000 Banks

    The first trillion dollar bank is practically inevitable. Does creation of these megabanks mean a boon or bust for investors and the average American? Greising analyzes how the situation occured and also the positive and negative impacts of megabanks.
  • Senate leader's economic web; Campaign funds find way to Walker kin, businesses...; ...and pay for a condo in Atlanta

    The Atlanta Journal-Constitution investigates Charles Walker, the first African American elected majority leader of the Georgia Senate. The AJC finds that Walker's businesses make money off of state investments and that his campaign dollars are often re-directed to his family members.
  • NFL Ledgers Reveal Profits Depend on New Stadiums

    The article is based on evidence presented during Raiders v. NFL case, in the U.S. District Court in Los Angeles (Exhibit 681), that emphasizes in the level of revenue and expenses of the 31 NFL team and finnancial data as far back as 1989. The new wave of stadium construction and development and fight over the NFL franchises at exhorbitant prices is explained as stadiums had become the majour source of income for the teams and franchises are approached as capital investments for the team owners.
  • Does Crime Pay?

    "For years, the hard-charging executive had run Avant! more like a sole proprietorship than a publicly traded company. His hand-picked board, which included a retired Park Ranger who is friends with his sister and a host of insiders with business deals with Avant!, okayed huge pay packages for Hsu and CEO-like salaries for a son with limited business experience and a former stewardess who was his top lieutenant. The story spelled out suspicious Avant! investments into entities win which Hsu holds a personal stake, the legal stalling tactics employed by Avant! to buy time of for the company, and a PR campaign to raise its image that included the creation of a foundation that has spent twice as much on advertising its good works as it has on actual charity." - excerpt from IRE contest entry form
  • Dressed to kill

    Business Week tells the story of how one of the dot-com companies, Critical Path, "wound up being accused of accounting irregularities." The article reveals that "greed, colliding personalities and a long-shot bet made with shareholder money ... derailed the promising company." Critical Path eventually became the target of an SEC probe, and shelled out $17 million to settle shareholder suits.
  • How are you voting? What are your stocks?

    A Business Week investigation finds that members of Congress often invest in companies whose fortunes they could influence. The story reveals that lawmakers often had insider information, which determined their or their relatives' stock trading decisions. For example, the reporter quotes the finding of a marketing professor that many members of the Congress sold tobacco stocks at the time when the antitobacco mood in Washington began to heat up. "The only strict prohibition bars members from voting on or pushing legislation that benefits a very small group ... but if the bill benefits them as ... shareholders, for example, they face no restrictions," the magazine reports.
  • Tis Better to Receive

    Westword newspaper reports on female-only dinner clubs, in which members pay a fee to join and then move up as they get more people to join. When someone pays $5000 they become known as "soups and salads. When four soup and salad positions are filled, meaning $20000 has been raised, the 'birthday girl' gets the money. The group then splits in two, and the soups and salads move up to the 'entree level', with the two women who were previously as that level moving into the birthday spots in the two new groups; four new soups and salads then have to be created at the bottom of each group. When the birthday girls get their birthday presents, the groups split again, and so on. Before long, there are dozens of groups." Many women say this club has financially saved them, receiving money they could have otherwise never earned. But law-enforcement officials say clubs like this "are classified as illegal pyramid schemes" and members are at risk for fines and jail time if caught. Westword examines the benefits as well as the consequences of joining these kind of organizations.
  • Priorities Rule the Roads

    Missouri ranks second to the last in the condition of its major roads while Kansas ranks seventh nationally. "Several experts say the reason for the difference is simple: money per mile. The less a state spends per mile, the longer roads go without repair, the more they deteriorate and the harder they are to fix. Missouri's 1999 road budget provided just $12,399 in capital investments per lane mile that year, compared with $29,227 in Kansas. The national average was $23,967. The legislature has at least five pending bills and Gov. Holden has sought as much as $650 million for new funding. However, transportation experts says for every $1 the state pays to keep a good mile of road, it takes $10 to restore a mile of bad road." Missouri now must struggle to pay for the new technologies in road repair that they had so long put off.