Items tagged with crime:
News & Updates:
Poor sections of Kensington/Allegheny, the Southwest, and North Philly experienced the most significant decrease in crime when the conditions of lots improved, said coauthor John MacDonald, a University of Pennsylvania professor of criminology and sociology.
Macdonald said the findings carry powerful implications for Philly and other cities struggling with abandonment and crime. The research quantifies the public health and safety payoff that comes when blighted lots are cleaned up.
Also in the news - Mnuchin calls on Congress to prevent shutdown by raising debt ceiling; Fed holds interest rates steady, in line with expectations; Private payrolls, labor costs up in the fourth quarter.
Faculty Affiliate Peter Conti-Brown discusses waivers given to banks accused of errant trading practices.
“Don’t give us the worst of both worlds, which is to criminalize this activity but then not enforce this in the way that we would expect for criminal activity,” he says on how to deal with the criminality of large banks.
Today private prisons house about 126,000 federal and state inmates . Orders issued under the Obama Administration to phase out the use of private prisons are now being reversed under the Trump Administration, which has caused some debates over the efficacy of private prisons to resurface. Chiefly, this reversal has sparked controversy over the economic benefits of private prisons in America, as the most avid dissidents highlight problems with the economic argument for private prisons and even moderate objectors point to inconclusive data as a poor indicator of their advantages.
Over the span of recent decades, the federal legalization of marijuana has been a popular topic of discussion within the political arena. One aspect less frequently introduced is the financial impact legalization has within the banking sector. At the moment, most cannabis companies are unable to take out federal loans or establish any form of credit, since marijuana is federally illegal and therefore federally regulated banks are unable to work directly with marijuana businesses. A few states have legalized the use and distribution, of cannabis, both recreationally and medicinally, but this legal standing is insufficient for distributors to access services provided by national banks. All of this has led to volatility within the marijuana business structure and a business model built in violation of banking standards.