Extra Extra : Economy

Detroit landlords cash in on rent aid, ignore tax bills

A Detroit News investigation found about 1 in 4 Detroit landlords paid to rent to poor families through the state’s Housing Choice Voucher program collectively owe the city at least $5 million in back taxes and probably much more. Federal and state guidelines for the rental assistance — known as Section 8 — don’t require that all landlords pay.

Read the entire story here.

Casinos main source of income for Wisconsin-based tribes

Today, American Indian gaming is the biggest economic engine for the Menominee, and the other 10 Wisconsin tribes.

Twenty-five licensed Class III casinos across Wisconsin generated more than $1 billion for tribes in 2011. About $52 million of that money went to the state of Wisconsin’s coffers, the latest figures from the state show. The Ho-Chunk also operate a Class II bingo-slot facility in Madison.

Suicide rates increasing in region of New York

Relatives of China’s top leaders held secretive offshore companies

The International Consortium of International Journalists found that “Close relatives of China’s top leaders have held secretive offshore companies in tax havens that helped shroud the Communist elite’s wealth, a leaked cache of documents reveals.”

ICIJ has been working since 2012 to analyze about 2.5 million leaked offshore records. The latest installment digs into documents from China, Hong Kong and Taiwan.

Here’s more from the ICIJ story:

“The data illustrates the outsized dependency of the world’s second largest economy on tiny islands thousands of miles away.  As the country has moved from an insular communist ...

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Nation's billionaires take advantage of South Dakota’s tax-friendly trust laws

According to The Washington Post, "in the past four years, the amount of money administered by South Dakota trust companies has tripled to $121 billion, almost all of it from out of state."

"States such as South Dakota are “creating laws that are conducive to a massive exploitation of a federal tax loophole,” said Edward McCaffery, a law professor at the University of Southern California. “We have a tax haven in our midst.”

Extra Extra Monday: Abuse at private youth prisons, fertilizer plant blast could happen again, little accountability in Southwest Border killings

Gun license numbers don't tell whole story | Daily Herald
State data paints an imperfect picture of gun ownership across the suburbs.

Prisoners of Profit | The Huffington Post
Florida's Lax Oversight Enables Systemic Abuse At Private Youth Prisons.

Broken Bonds | Chicago Tribune
Despite borrowing $10 billion to fund school construction, Chicago still has an overcrowding problem. Millions also went to schools that now stand empty.

Waiting for the 8th |The Washington Post
The months seem a bit longer for a D.C. woman and her family after recent cuts to the food stamps they rely on.

It could happen ...

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Extra Extra Monday: More ATF stings botched, fired nurses still find jobs, secretive company forecloses on hundreds

ATF uses rogue tactics in storefront stings across nation | Milwaukee Journal Sentinel
Earlier this year when the Milwaukee Journal Sentinel exposed a botched ATF sting in Milwaukee — that included agents hiring a brain-damaged man to promote an undercover storefront and then arresting him for his work — ATF officials told Congress the failed Milwaukee operation was an isolated case of inadequate supervision.

5-year food, alcohol bill for CVG board is $102K |  The Cincinnati Enquirer
Fare served included steak, sea bass, top-shelf drinks; events potentially violated open meetings laws.

Fired, they still find jobs as nurses | Minneapolis Star-Tribune
Holes in state ...

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Extra Extra Monday: Billions given--not received, town sells water at a discount to NSA, Puerto Rico in financial troubles

Donor-advised funds: Where charity goes to wait | The Boston Globe
$45 billion of American philanthropic money has been given—but not received.

Utah town gave NSA a deal on water | The Salt Lake Tribune
Bluffdale agreed to sell water to the National Security Agency at a rate below its own guidelines and the Utah average in order to secure the contract and spur economic development in the town, according to records and interviews.

KCMO Homeland Security official under fire for awarding quarter-million dollar contract to neighbor | KSHB-Kansas City
A high-ranking federal law enforcement official with the Department of Homeland Security ...

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ExtraExtra Monday: Newborn screening delays, state fails to keep track of waste, the Pentagon's bad bookkeeping

Regulations Are Killed, and Kids Die | The Nation
Under pressure, the Obama administration withdrew rules barring young laborers from dangerous work—a decision with grave consequences for several families.

Health-care Web site’s lead contractor employs executives from troubled IT company | The Washington Post
The lead contractor on the dysfunctional Web site for the Affordable Care Act is filled with executives from a company that mishandled at least 20 other government IT projects, including a flawed effort to automate retirement benefits for millions of federal workers, documents and interviews show.

Addiction Treatment With a Dark Side | The New York Times ...

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Where is Childhood Homelessness Getting Worse?

The number of homeless students in the United States reached a record high last year, according to new data from the Education Department showing that 1.2 million children had no place to call home.

The troubling new report casts light on a problem that four years into the nation’s economic recovery, has only grown worse, a Frontline report explains. The total number of homeless children enrolled in preschools and K-12 programs rose 10 percent during the 2011-12 school year and 24 percent since the beginning of the 2009-10 academic year, according to the report.

In all, 41 states ...

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