World leaders, from left, Canadian Prime Minister Justin Trudeau, Morocco's Prince Moulay Hassan, Moroccan King Mohammed VI, U.S. President Donald Trump, German Chancellor Angela Merkel, French President Emmanuel Macron and his wife Brigitte Macron, Russian President Vladimir Putin and Australian Governor-General Peter Cosgrove attend a ceremony at the Arc de Triomphe as part of the commemorations marking the 100th anniversary of the November 11, 1918, armistice, which ended World War I in Paris November 11, 2018.
"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."
The Indonesian government has declared an end to the emergency response phase following the earthquake and tsunami a month ago. With large parts of Sulawesi island still in ruins, the focus is switching to rehabilitation and reconstruction. The government said geological considerations will be taken into account during the rebuild, which some have said should have happened years ago. Many residents said that they had never heard of "liquefaction" prior to the disaster, despite the government's experts having created a map six years ago that emphasised the risk of liquefaction in areas that were affected by the earthquake.
That's a fundamental truth about the federal government. State and local governments provide a lot of services to people -- schools, highways, water, sanitation and the like are all state and local responsibilities. The federal government handles a few huge benefit programs, which, as we noted, are not affected. But most of what the federal government does in domestic policy -- overseeing grants and contracts and regulating businesses, for example, remains at least one step removed from everyday life.