Saturday, June 11, 2005

These numbers don't add up

So, there's a big scandal in Ohio because a guy named Tom Noe was managing an investment for the Ohio Workers' Compensation Bureau, by investing in rare coins. Somehow 121 coins (worth $400000) are missing (the article doesn't explain the details), and it's possible that up to $10 million from the fund is missing.

But note these too sentences:
Democrats say that the scandal is a symptom of GOP corruption and self-dealing, and that Noe received the state contract because of his political ties, which include raising more than $100,000 for Bush's re-election."

and

Taft has returned $22,190, the most of any officeholder, saying Noe "has done a great disservice to the people of Ohio by mismanaging our public resources and abusing our trust." Bush returned $4,000.

Seems like about $96,000 is missing from that figure.

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