<![CDATA[Report: Connecticut One Of The Least Corrupt States In America www.courant.com "A study by the Center for Public Integrity, a nonprofit in Washington, D.C. , has found that Connecticut is one of the least corrupt states in the country." A tip of the hat goes to my colleague Jim Hilliard for pointing out the above referenced article this morning. While I have never lived in CT and therefore cannot offer any personal anecdotes concerning "public integrity" in that state, I was surprised by the rankings assigned to two states where I have previously been a resident: Illinois and Louisiana. I can't help but wonder about the integrity of any "study" that assigns my home state of Illinois a C; really? Illinois is (in)famous for its level of public corruption. A recent (12/7/11) New York Times about the sentencing of former governor Rod Blagojevich (see http://nyti.ms/u4M86J) notes that the Blagojevich jail sentencing "...delivered a warning in a state where political leaders — some aldermen, congressmen, and even the governor who immediately preceded Mr. Blagojevich, George Ryan — seemed to be headed off to jail on a regular basis." Also Louisiana, which was highly overrated in "earning" a "C-", has a similarly long list of politicians who are convicts; at last count, the list includes a governor, an attorney general, an elections commissioner, an agriculture commissioner, three successive insurance commissioners, a congressman, a federal judge, a State Senate president, six other state legislators, and a host of appointed officials, local sheriffs, city councilmen, and parish police jurors...]]>
The Center for Public Integrity's "State Integrity Investigation"
Published by Jim Garven
My name is Jim Garven. I currently hold appointments at Baylor University as the Frank S. Groner Memorial Chair of Finance and Professor of Finance & Insurance. I also currently serve as an associate editor for Geneva Risk and Insurance Review. At Baylor, I teach courses in managerial economics, risk management, and financial engineering, and my research interests are in corporate risk management, insurance economics, and option pricing theory and applications. Please email your comments about this weblog to James_Garven@baylor.edu. View all posts by Jim Garven