Sound

Sound Money: Be Careful What You Wish For

South African Police Sound Alarm on Political Crime Before Vote

South Africa’s acting police chief said she is deeply concerned about the potential for politically-motivated violence ahead of municipal elections on Nov. 4.

Will U.S. cities face a knock-on fiscal crisis from the feds?

Federal money flows to cities in three flavors: direct transfers, indirect transfers, and what we call fiscal dark matter. Direct transfers are exactly what they sound like — money sent directly from the federal government to various localities. These include funds disbursed thro…