The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "billion" ...
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Bad to the Bone
When four executives of a medical-device company called Synthes went to jail for illegally marketing a bone cement—five patients had died after it was injected into their spines—Mina Kimes knew there had to be a compelling saga behind a case that had generated little coverage beyond local news articles. So she began digging, first with FOIA requests for never-before-published government documents, and then assembling hundreds of pages of court transcripts and internal company e-mails and reports. She used that foundation to begin the harder challenge: persuading Synthes employees, many of them terrified by the criminal case and the company’s intimidating chairman, to talk to her. With six months of grueling, old-fashioned reporting, Kimes succeeded, and “Bad to the Bone” is the masterful result. Not only did she persuade more than 20 current and former company employees to speak, but she also revealed a story whose disturbing breadth far exceeded the case presented in court. Her tour de force reporting raises profound new questions about the culpability of a key figure who wasn’t charged: Hansjörg Wyss, the reclusive and controlling Swiss founder and chairman—one of the richest people in the world—who made crucial decisions about how to sell the bone cement. This is a classic tale of corporate malfeasance: Warned by the government not to sell its bone cement for use in the spine, Synthes ignored the admonition despite clear evidence of lethal danger—a pig had died within seconds when the cement was tested on it—and encouraged surgeons to use the cement on people, five of whom died soon afterward. But “Bad to the Bone” isn’t just an exposé. It opens a window into a broader issue: how the medical system actually runs. Readers see how salespeople with no medical training advise surgeons—inside the OR during operations—on how to use their devices. They experience the tale of one surgeon who continues using the cement even after two of his patients died. Oh, and what sort of justice does Synthes itself receive? Wyss sells it, for $20 billion, to health care giant Johnson & Johnson, which praises Synthes’s “culture” and “values.” Corporate crime. Death on the operating room table. Secret e-mails. Surgeons on the edge. An imperious multibillionaire CEO. It’s a mesmerizing article, and Kimes’s reporting takes readers on a deeply unsettling journey that ensures they’ll never look at the medical system the same way again.
Tags: Medical devices; bone cement; Synthes
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Cracking the Codes
Cracking the Codes documented how thousands of medical professionals have steadily billed Medicare for more complex and costly health care over the past decade – adding $11 billion or more to their fees – despite little evidence elderly patients required more treatment. The series also uncovered a broad range of costly billing errors and abuses that have plagued Medicare for years – from confusion over how to pick proper payment codes to apparent overcharges in medical offices and hospital emergency rooms. The findings strongly suggest these problems, known as “upcoding,” are worsening amid lax federal oversight and the government-sponsored switch from paper to electronic medical records.
Tags: Medicare; health care; billing; medical offices; hospitals; government; medical records
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Profiting from the Auto-Bailout
September, 2012 the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” In an article for The Nation Magazine, funded by The Nation Investigative Fund we discovered that Ann Romney, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment. It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM’s production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it. One of the hedge funds profiting from that bailout— $1.28 billion at the time of publication — was Elliott Management, directed by Romney supporter, Paul Singer.
Tags: Bailout; political campaign; Obama; Romney; Paul Singer
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Platts: US Companies Guard Drilling Secrets
Chinese oil and natural gas companies are pouring billions of dollars into US shale-drilling projects in an effort to acquire American trade secrets about hydraulic fracturing and other cutting-edge drilling practices. Chinese companies want to obtain this specialized knowledge from US oil and gas firms so China can better develop its own shale plays. But the Chinese companies are largely failing in their quest because their US partners have structured their business dealings so that China cannot appropriate America's most important drilling-related secrets.
Tags: Oil; natural gas; China; U.S.; drilling
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Health Care Hustle
It is one of the biggest and most overlooked factors in the rising cost of health care. According to government estimates, fraud in programs like Medicare and Medicaid costs taxpayers $80 billion a year, with some estimates as high as twice that amount. Doctors, pharmacists, home health care providers, and even patients are hustling the system. Who's paying the tab? You Are.
Tags: Health care; fraud; Medicare; Medicaid; taxpayers; government authorities; patients
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Dirty Deeds
It may be the biggest inside job in Louisiana history: vast expanses of oil and gas-rich land and water bottoms, owned by the state, but handed over to some of Louisiana’s most powerful politicians. The “scheme” uncovered by our investigative team dates back to the 1930s and has generated over a billion adjusted dollars during that time. This comprehensive multi-platform series not only sparked an investigation by Louisiana’s Attorney General, but also informed viewers that this shocking 80 year old deal is still costing an already cash-strapped state tens of millions of dollars each year.
Tags: Politicians; oil; gas; governors
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Green Energy Going Red
In this series of original and exclusive investigations, CBS documented the fate of $90 billion dollars in green energy stimulus tax spending and dug in to find out why it did not produced the promised results: a boom in green energy technology and products accompanied by a burst in employment. In Solar Scorching, we identified eleven green energy companies besides Solyndra that together got billions of tax dollars, only to declare bankruptcy or suffer other serious financial issues. Since our initial report, the number of failures has risen dramatically. CBS exposed the fact that the government secretly knew what a poor investment some of these companies were, even before it committed taxpayer billions. We obtained exclusive documents showing one project had confidentially been rated as a “junk bond,” but the government committed $43 million tax dollars anyway. It went bankrupt.
Tags: Taxes; green energy; Solyndra; taxpayers
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Human Tissue Donation
It’s a billion dollar business that begins with an act of generosity: When someone or their family agrees to donate a person’s body, for free, after death. When they click the “donor” box on their driver’s license application, most organ donors don’t realize that they have also agreed to donate their tissue. They’ve made a legally binding promise that a private company can take skin, bones, tendons, ligaments and anything that’s not a living organ—and turn it into for-profit medical products. In a four part radio series that aired in July 2012, NPR Correspondent Joseph Shapiro highlighted this little known industry and the shortcomings in regulation that raise concerns among donors, medical professionals, and government officials at many levels. The series was part of a collaboration between NPR’s Investigative Unit and the International Consortium for of Investigative Journalists, a project of the Center for Public Integrity.
Tags: Human tissue donation; organ donors; ICIJ; Center for Public Integrity
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Port Authority: Battle at the Waterfront
This investigation was about lies and obfuscation, and the stakes were enormous: A mayor’s election, a growing media empire and potentially billions of dollars in development. Our reporting revealed how within months of purchasing the largest media operation in San Diego County, the new owners of U-T San Diego were using their power and status to influence -- and even threaten -- government officials into helping them realize lucrative plans for developing the downtown waterfront. It also illuminated an insidious practice suspected nationwide: use of private electronic accounts to conduct the public’s business. Our reporting defined much of the discussion around the mayor’s race in the weeks before the election. In the end, the candidate at the heart of the probed was defeated.
Tags: Mayoral election; fraud; government officials; San Diego
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Prognosis: Profits
In their quest for growth and profits, large nonprofit hospitals in North Carolina have pushed up healthcare costs, paid executives millions and left thousands with bills they struggle to pay. In a joint investigation, the Charlotte Observer and the News & Observer of Raleigh found that urban hospitals in North Carolina have generated some of the nation’s largest profit margins and have amassed billions of dollars in reserves. Hospitals in the Charlotte area have sued thousands of needy patients they could afford to help, frequently putting liens on their homes and damaging their credit. Raleigh-Durham hospitals, meanwhile, have sent collection agencies after thousands of patients, ruining the credit ratings of many in the process.
Tags: Healthcare; nonprofit hospitals; patients