Gretchen Morgenson's investigative piece in yesterday's New York Times
is extremely disturbing. According to her research, local and state government
pension funds have taken huge risks, and then allowed them to be
hidden from the public, by signing agreements with private equity
firms that make their terms confidential, including (1) their high fees and...
An
article today in the New York Times
describes a situation that sheds light on pay to play. It involves the Westchester County (NY) county executive, who is
getting special scrutiny because he is running for governor and has,
throughout his career, as well as in this election, been openly
critical of pay to play. He is being accused of hypocrisy, but it
may just be that he does...
The former chair of the Venice in Peril Fund wrote a
disturbing piece for the September 25 issue of the New York
Review of Books about corruption in Venice. This
corruption derived largely from a major project: the building of
flood protection barriers, known as MOSE. Although this project was
larger than those in most cities, the misuse of funds, the failure
to competitively...
This week, California governor Jerry Brown had to go back fifty
years to find someone who agreed with his view of government ethics
reform. According to an
article in the San Diego Mercury-News, in
vetoing ethics reforms that "sought to limit the types of gifts
politicians can accept and force lawmakers to disclose the names of
groups that...