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The Big Story
Sun. Jul 11, 2021

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The Smoke Comes Every Year. Sugar Companies Say the Air Is Safe. <[link removed]> To harvest more than half of America’s cane sugar, billion-dollar companies set fire to fields, a money-saving practice that’s being banned by other countries. Some residents say they struggle to breathe, so we started tracking air quality. by Lulu Ramadan, The Palm Beach Post, and Ash Ngu and Maya Miller, ProPublica

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Sugar Companies Said Our Investigation Is Flawed and Biased. Let’s Dive Into Why That’s Not the Case. <[link removed]> ProPublica and The Palm Beach Post published an investigation into the air quality in Florida’s heartland, where more than half the country’s cane sugar is harvested, often by burning the fields. Sugar companies challenged our reporting. We respond. by Lulu Ramadan, The Palm Beach Post, and Maya Miller and Ash Ngu, ProPublica <[link removed]>

More From Our Newsroom

The Billionaire Playbook: How Sports Owners Use Their Teams to Avoid Millions in Taxes <[link removed]> Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers. by Robert Faturechi, Justin Elliott and Ellis Simani <[link removed]>

Eight Takeaways From ProPublica’s Investigation of How Sports Owners Use Their Teams to Avoid Taxes <[link removed]> How do billionaire team owners end up paying lower tax rates not only than their millionaire players, but even the person serving beer in the stadium? Let’s go to the highlights. by ProPublica <[link removed]>

Campaign to Rein in Mega IRA Tax Shelters Gains Steam in Congress Following ProPublica Report <[link removed]> One proposal would ban the kinds of transactions that helped Peter Thiel amass $5 billion in his Roth; another would cap how much could be saved tax-free in these retirement accounts. But two unrelated bills could undermine those efforts. by James Bandler, Patricia Callahan and Justin Elliott <[link removed]>

A Banking App Has Been Suddenly Closing Accounts, Sometimes Not Returning Customers’ Money <[link removed]> Chime, a “neobank” serving millions, is racking up complaints from users who can’t access their cash. The company says it’s cracking down on an “extraordinary surge” in fraudulent deposits. That’s little consolation to customers caught in the fray. by Carson Kessler <[link removed]>

Some Hawaii Homeowners Damage Beaches to Protect Their Homes. A New Law Could Help Change That. <[link removed]> Our investigation found property owners were routinely demanding record prices for beachfront homes in Hawaii that are at risk of being sucked into the ocean. Legislators will now require those sellers to disclose the risks to buyers. by Sophie Cocke, Honolulu Star-Advertiser <[link removed]>

Why You Can’t Turn Your Roth IRA Into a Billion-Dollar Tax Shelter <[link removed]> Unless you have access to nonpublic stock of a future tech giant, it’s pretty hard to turn a humble retirement account into a tax-free piggy bank. by Nadia Sussman, Sherene Strausberg and Justin Elliott <[link removed]>

This Company Got a $10 Million PPP Loan, Then Closed Its Plant and Moved Manufacturing Jobs to Mexico <[link removed]> Many American businesses received millions in federal pandemic aid intended to protect workers, but exploited loopholes and rule changes to lay off those employees anyway. by Lydia DePillis <[link removed]>

Held Back: Inside a Lost School Year <[link removed]> Teacher Ashlee Thompson had a lot to worry about this year: A deadly virus. A poor district under threat by the state. And now, a new mandate for her students: Learn to read or flunk the third grade. by Annie Waldman, ProPublica, photography by Cydni Elledge <[link removed]>

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