opinion

Fingerprints and Benefits

It would seem obvious—except that for many, it is not—that governments have every right to make sure that the benefits they distribute are going to the right people, and that those people are eligible to receive them.

For nearly two decades, New York City has been cracking down on food-stamp fraud by fingerprinting eligible recipients. The measure has saved millions of dollars. But it now appears that the program is doomed—Governor Cuomo has said he will put an end to fingerprinting food-stamp recipients and so remove what critics see as an unnecessarily harsh requirement for needed benefits. Read More

Morning Roundup: Gold Metalists Set New Record

  • Waddell & Reed’s $27 billion Asset Strategy Fund has been blamed for the May 6 “Flash Crash,” during which the Dow Jones Industrial Average lost 700 points in mere minutes. So is the Kansas-based firm a corn-fed, wholesome asset manager or a fearsome, market moving hedge fund? [WSJ]
  • A Goldman Sachs economist thinks Read More

Uncle Sam, Over Here! City, State Vie for Stimulus Money

City and state officials are positioning themselves to garner funding from any new federal stimulus package for various transportation and infrastructure projects. Most of the projects are smaller-scale and nearly ready to start development.

It’s hoped, officials say, that new federal funds from the stimulus will push the projects forward.