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...olds and whether or not those kids were still in school, Baker and Miller saw a clear advantage to ownership. Children in owned homes were a few percentage points more likely to stay in school. Yet again the researchers saw that advantage dissipate once other variables were taken into account. (See pictures of the college dorm's evolution...

Author: /time Magazine | Title: Is Homeownership Good for the Kids? Not Necessarily | 9/2/2009 | See Source »

...even consulted third parties, such as the Depository Trust Company (DTC, a special-purpose bank used by securities firms), to verify trades, the scandal would have been uncovered. For example, a January 2005 statement for a Madoff feeder-fund account indicated it held $2.5 billion of S&P 100 equities on Jan. 31, 2005. However, DTC records show Madoff held less than $18 million worth of S&P 100 equities in his DTC account...

Author: /time Magazine | Title: SEC Internal Review Cites Multiple Failures on Madoff | 9/2/2009 | See Source »

...February, the National Gang Threat Assessment report, released by the Department of Justice, concluded that there are 20,000 street, prison and biker gangs in the country, with about 1 million members. In some communities, the report said, gangs account for as much as 80% of the crime. The report also said that 58% of law-enforcement agencies saw an increase of gang activity in 2008, up from 45% in 2004. (Read a brief history of the Hells Angels...

Author: /time Magazine | Title: Experts: Street Crime Too Often Blamed on Gangs | 9/2/2009 | See Source »

...found this is a documented best practice for reducing shootings and killings," says Ceasefire's Slutkin. But the Chicago program recently suffered from a huge budget cut, part of Illinois' overall cutbacks. The state used to account for $6 million of Ceasefire's $8 million budget. That state funding completely vanished when then Gov. Rod Blagojevich slashed spending, resulting in a loss of 150 staff jobs and a surge in violence in the South Side of Chicago, where Ceasefire does a lot of its work. After Blagojevich's successor, Pat Quinn, saw the increase in crime, the funding was fully...

Author: /time Magazine | Title: How to Turn Around a Gang Member | 9/2/2009 | See Source »

Following in the footsteps of HUDS, Gen Ed also set up its own Twitter account! We might add that it has nine followers, which is probably the sum total of everyone at Harvard who knows what the hell is going on with the program...

Author: By Liyun Jin | Title: Expos, Gen Ed directors on Twitter | 9/1/2009 | See Source »

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