As The Criminal Justice System Changes, So Does A Private Prison Giant
GEO Group is building its rehabilitation brand, buying halfway houses and day-reporting centers — positioning itself to treat many of the victims of America's opioid crisis.
What Happens When Politics Puts Companies At Risk?
In a new study, researchers quantify the way firms respond to political risks. The results may scare proponents of a government free of private sector influence.
Is Tesla Running Out Of Money?
Elon Musk's brainchild is counting on a pickup in auto and residential solar panel sales to pick up the tab for his company's exorbitant expenditures.
How Much Does The Macy’s Thanksgiving Day Parade Cost?
The total costs of the event amount to roughly 2 percent of the department store's annual net income, but plenty of the materials are recycled year after year.
Trump Turkey Pardon 2017: Everything To Know About White House Thanksgiving Tradition
From the birds' musical preferences and hotel stay bills to the tradition's origins and social media augmentation, get the low-down on the annual turkey pardoning ceremony.
Paradise Papers: Your Retirement Cash May Be In The Caymans. Can You Get It Back?
Pensions, universities and nonprofits are stashing public money offshore, despite secret documents that acknowledge the risks.
Climate Change Is Costly For Manufacturing, Study Says
Much of the private sector lobbied President Donald Trump to stay in the Paris Climate agreement. New research shows why he probably should've listened to them.
Trump’s HHS Pick Recently Worked For Groups Suing To Keep Drug Pricing Secret
President Donald Trump vowed to bring down high drug prices. Now he’s nominated Alex Azar, a veteran of a major drug company and a key lobbying organization for the biotech industry, for secretary of Health and Human Services.
CEOs Criticize Trump For DACA Phase-Out, Having 'No Common Sense'
At a New York Times conference Thursday, several business leaders made plain their views of the businessman-turned-president and his administration.
WATCH: How Late Night Reacted To Louis C.K. Allegations
In the wake of five women's accusations that Louis C.K. engaged in sexual misconduct with them, the comedian was the butt of a few tepid but critical jokes from late night hosts.
Puerto Rico Crisis: Bond Insurers Fight To Avoid Paying Claims
A group of bond insurers is pushing to avoid billions of dollars in payments to owners of Puerto Rico's debt, as the country struggles in the wake of Hurricane Maria.
Cy Vance's Write-In Opponent Makes Last-Ditch Effort To Oust New York DA
As New Yorkers headed to the polls, Cyrus Vance Jr.’s write-in opponent and his "scrappy campaign" made a last-ditch effort to oust the incumbent.
The Puerto Rico Contract’s Lack Of Transparency? It’s Not Unusual
The controversial contract with Whitefish Energy limited labor-costs auditing. That’s commonplace on the federal level, “placing taxpayer dollars at risk,” said a recent report.
Here’s Why Your Premiums Are Rising: Consumers Pay Insurers’ Annual Obamacare Fees
As the GOP works to take apart the Affordable Care Act, they may want to keep in mind a yearly fee that Obamacare imposes on insurers — the cost of which they pass to their policyholders while their profits continue to rise.
Why Banks Want To Save The National Flood Insurance Program
As Hurricanes Harvey and Irma battered America's eastern coasts, banks and financial industry advocacy groups flocked to Capitol Hill to push for reauthorization of the taxpayer bailout program for the country's flood-prone waterfront real estate.
In An Uncertain Economy, Networking Is Millennials' Social Safety Net
Kelly Hoey, who literally wrote the book on networking, sees the practice as the best bet for young professionals navigating a fast-evolving economy. “We already said, ‘Well, everyone should learn to code,’” the tech investor said. “But machines may do coding for us, so what’s next?”
Mass Shootings Create Demand For ‘Active Shooter Insurance’
Underwriters and insurers may profit from a disconnect between the perceived risk of mass violence like the Las Vegas shooting and the actual probability of such attacks.
NM Governor's Donors Given $2.2 Billion Total In State Pension Investments
Even as Gov. Martinez backed legislation to remove elected officials from the state investment council, a continuing IBT investigation found that four additional investment managers made donations to the governor, the RGA and other affiliated campaign groups.
States Hand Out Corporate Subsidies As Their Pensions Suffer
Study: While states debate how to reduce the costs of their public pension benefits, those same governments have awarded local companies with tax subsidies and credits, or allowed them to dodge tax payments by taking advantage of loopholes.
Trump Administration Leaked Video Shows HHS Trying To Stop Insider Leaks
“Don’t do it,” says a department official in the video. Before former Health and Human Services Secretary Tom Price resigned, his office sent staff an urgent mandate on spotting and outing potential leakers.
Who Is Lobbying On Key Provisions Of Trump’s Tax Plan?
Reports from the first half of 2017 show corporations and special-interest groups weighing in on key provisions of Trump’s new tax framework.
How Much Does Wall Street Charge To Manage New Mexico's Retirement Money?
New Mexico taxpayers have forked over millions of dollars to private equity and hedge fund managers in the past five years, but the state refuses to disclose the full amount it has paid.
Tech Workers ‘Own Their Lives’ Through Freelancing, Study Says
It's a candidate's market, and for those with the most in-demand skills, that means not only higher pay but fewer hours and more flexibility, says a new study.
Exclusive: Panamanian Minister Looks Back On Last Year's 'Panama Papers' Scandal
A year and a half after the Panama Papers leak hit headlines across the globe, the country's finance minister sat down with IBT to discuss what his department has been doing since then to clean up Panama's reputation on the world stage and keep the use of secretive tax havens in check.
Colorado Governor Used Taxpayer Dollars To Hire Amazon’s Lobbyist
As Amazon awaits bids from cities and states hoping to house its new headquarters — and lavish the company with subsidies and tax credits — Colorado Gov. John Hickenlooper hired the e-commerce giant's lobbyist.
Panama's Finance Minister Defends President Varela Despite Connection To Panama Papers Firm
Panamanian Finance Minister Dulcidio De La Guardia said the country's president was free of conflict of interest as his administration prosecuted the firm at the heart of the Panama Papers, despite that one of the firm's founders is the president's former adviser and friend.
Democratic Governor Hires Health Care Industry Lobbyist To Push Obamacare Fixes In Congress
With the help of a prominent firm whose lobbyists have represented Blue Cross and Blue Shield, AbbVie, AmeriHealth and Johnson & Johnson, among others, Colorado's governor is selling his Obamacare reforms to Congress.
Obama's Recent Speeches Include An Administration-Connected Private Equity Firm
Years after the Obama administration's EPA adjusted its renewable energy laws to favor the refinery owned by private equity firm Carlyle Group, the former president made a stop at the company's recent conference as part of his paid speaking tour this year.
As Sanders Prepared Medicare Bill, Health Care Lobbyists Bankrolled Senate Democrats
So far, 16 Senate Democrats have promised to sponsor the Medicare-for-All bill, but party colleagues who received the most cash from the health insurance industry have refused to back the legislation.
Equifax Knew Of Risk Of Breach And Inadequate Insurance Coverage
In financial filings before the hack, Equifax expressed worries of a data breach, and the possibility that the company’s "insurance may not be adequate to compensate us" for an associated business loss.
