Loss of Local News Hinders Ability to Watchdog Government

U.S. News 

"Our evidence suggests that a local government is more likely to engage in wasteful spending when there is no local newspaper to report on that government," said University of Illinois Chicago's Dermot Murphy, one of the study's authors. "Investors find it riskier to lend money to wasteful governments, and thus the costs of financing public infrastructure projects, such as schools, hospitals, and roadways, for a local government are higher."

  Country: North America > United States > Illinois > Cook County (0.47)
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