Friday, March 18, 2011

Is It A Conflict Of Interest For Bloomberg Government To Make Money From Government Information ?

''Bloomberg Government'' is a money-making enterprise for Mayor Bloomberg's company, where he makes money from government and personal information, like contracts, employee lists, and other forms of databases.

Apparently, there is a lot of money to be made from government contracts, especially from cost over-runs, like what happened with CityTime.

So far, prosecutors can prove that $80 million has been stolen from the government payments for the CityTime payroll system, a shady black hole of an IT contract. In a separate analysis of the CityTime scandal, the newsroom of WNYC radio has estimated that, as of December 2010, New York City has spent ''more than $630 million on CityTime, which was supposed to cost just $63 million.''

If only there was a way that Mayor Bloomberg could get rid of checks and balances in New York and others could end progressive era reforms, like collective bargaining in states like Wisconsin, that way companies, which have an inside edge on government contracts and government employee lists, could go after all the cost over-runs that are possible from government contracts once there is no more government oversight ! All the more better for Bloomberg Government would be if Mayor Bloomberg could find ways to stop the City Council from checking his desire for more and more mayoral control.

Meanwhile, with all the employees that revolve between City Hall and Bloomberg L.P., how do we know if there are any safeguards on material, non-public government information ?

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