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: Open and ShutShow us the money...sometime, please
More than a billion dollars of our taxes are spent daily, yet there is little transparency, accountability or public disclosure of how and where...Taxpayers who wish to discover how their money is being used must trawl hundreds of pages of budget documents and submit time-consuming and costly freedom-of-information requests. Even then, information is scant. Ask any journalist. And these requests, as a Herald report showed on Monday, could be rejected in future as certain parliamentary departments are rendered exempt to FOI laws. But it does not have to be this way. A transparency revolution is under way overseas, empowering citizens, opening governments to scrutiny, and transforming governance. In 2006, in the US, the senators John McCain and Barack Obama co-sponsored the US federal funding accountability act. Its premise was simple: that taxpayer expenditure be placed online in an easily searchable database, so all taxpayers can find out how their money has been spent. Since then, the City of London, the European Union and 38 US states have enacted similar online portals - many with no thresholds, so every cent of taxpayer expenditure is publicly available...The benefits are obvious: not only are taxpayers empowered, but also savings can be easily identified, waste exposed and unethical behaviour discouraged.... It is time Australia joined this revolution. .... Corruption and rorting cannot occur when the records are freely available - sunlight truly is the best disinfectant. Such portals should be a ''no-brainer'' for policymakers.In December 2007 in "US transparency reform should be emulated here" we were saying much the same thing. Four and a half years on, it's a "no-brainer" whose time is yet to come. This effort on stimulus spending in 2009-10 was a toe in the water not dipped since.
Full post as published by Open and Shut on June 06, 2012 (boomark / email).
Show Me The Money!!!
It's really not about the money. Never has been. But, damn. Really? I'm quite certain there will be many that will read this and conclude it's just another attorney complaining about money...
Funding Your Divorce to Show You the Money
Divorce can be messy with the roller-coaster ride of emotions, the legal fight over finances, child support, and dog custody, as well as the divvying up of mementos from the marriage that did not last...
Map: Show Me the TARP Money
Pro Publica Map: "Each marker represents the headquarters of a financial institution that expects or has already received money from...
Show Me The Money: Making Markets in Forbidden Exchange
The Law & Contemporary Problems volume, Show Me The Money: Making Markets in Forbidden Exchange, which I?ve blogged about before (see here and here), was published this week. Here?s the table of contents, with hyperlinks to each of the published...
Eminem's Publisher to Apple: Show Us the (Settlement) Money
"Money is what makes a man act funny," Eminem spits out. "Money is the root of all evil." Still, the rapper and his publisher want what they're owed.
Daily Show on "Free Money"
"Jon Stewart on the Daily Show went after the Bernanke Fed last week following the disclosure by Bloomberg of $7.7 trillion lent to US banks on which they made billions of dollars in profit, at no risk"
Lipitor
Review of Studies Show No Significant Benefit in Women
Tarceva
Safety Data Show Association with Liver Failure and Death
Money Mart Canada
Settles Class Action for $100 Million
Treasurer Embezzlement
Mary Lou Puccio repays Warren Cheer and Pom Program $26,000 after stealing money.
Bankrupt Money Manager
Former officers to pay $10.7 million settlement in fraud lawsuit.
Transit Technicians Scam
Two Municipal Transportation Agency agree to pay $287,000 settlement for stealing money from fare boxes.








