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Cash-flush Indiana to pay state workers one-time bonus

Cash-flush Indiana to pay state workers one-time bonus INDIANAPOLIS (Reuters) – Indiana Governor Mitch Daniels said on Friday that most state employees will receive a surprise bonus over the next few weeks, ranging from $500 to $1,000. The Republican made the announcement one day after the state’s auditor revealed that…

Chinese cities owe $1.65 trln, some ‘may default’

BEIJING (AFP) – Chinese local governments held $1.65 trillion in debt by the end of 2010, the state auditor said on Monday, warning that there was a risk that some could default. Excessive borrowing by authorities to fund infrastructure and other projects has sparked fears among China’s leadership about the…

Ex-Okla. Land Office auditor admits to embezzling

Former auditor for Commissioners of the Land Office in Oklahoma pleads guilty to embezzlement A former auditor for the Commissioners of the Land Office in Oklahoma has pleaded guilty to embezzling more than $1 million from the agency. Roger Melson pleaded guilty Friday to 174 counts of embezzlement and faces…

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