Blog

For the first time since 1988 capital flows are leaving emerging markets instead of flowing into them. After decades of investing in emerging markets, many investors are deciding to shift their investments into more stable entities. Over the last three decades capital flew into emerging markets worldwide. As emerging economies strengthened and their GDP’s increased, […]

The Obama administration is planning to move forward with plans to issue new oil and gas drilling regulations for the Arctic Ocean despite the fact there is now no drilling in the Arctic. Royal Dutch Shell announced its decision to pull out of drilling in the area “for the foreseeable future” at the end of […]

The Federal Aviation Administration had three years to craft safety regulations that would govern the public use of drones, but could not get its act together to accomplish anything. The deadline came and went last week despite it being set by a 2012 law, attracting well-deserved criticism of the aviation watchdog on Capitol Hill. “Something is […]

State officials continue to give Kentucky citizens the runaround, failing to release the terms of a $350 million government broadband project a full ten months after it was signed. Kentucky Wired is set to cost US taxpayers $20 million, with Kentucky residents footing a further $30 million. Despite this, nobody has so far seen the […]

Houston’s pension costs are consuming most of the city’s budget. As more of the budget is allocated to cover the city’s high and rising pension costs, Houston is forced to cut back on other expenses such as road maintenance. Pension costs were a staggering $353 million this year whereas the city originally had a $59 […]

A consultant being paid $100,000 to find a light at the end of the tunnel of Erie’s fiscal crisis has discovered almost no reason for hope. “On one hand they have a lot of issues that require attention with urgency,” the consultant and urban architect Charles Buki told Watchdog.com. “On the other, they have neither […]

As the debate over light rail goes on, a report from the Cato Institute shows endemic mismanagement of funds and project estimates which aren’t worth the paper they are written on. The report shows several projects coming in at double their original budget. Among 35 projects studied in the institute’s report, 33 overestimated the number […]

According to a report released by New Jersey Watchdog, the garden state’s deficit is a staggering $170 billion, $10 billion higher than was reported by the New Jersey government. State debt across the country has been increasing at a rapid rate. According to Truth in Accounting, a nonprofit for governmental transparency, states have a combined […]

As two large wildfires burning in Northern California destroy over 1,000 homes, this year’s wildfire season looks set to be one of the worst on record in terms of both damage and costs. At the same time, funding inconsistencies when it comes to wildfire management may be making the problem worse. As the number and […]

Already mired in scandal, a new report concluded that the Department of Veterans Affairs (VA) is so flawed that it needs a “system-wide reworking” to overcome its current “crises in leadership and culture.” Other findings are that healthcare facilities run by the VA cost twice the price of other public facilities, and the excessively long […]