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Early-release programs can save states huge sums - $45 million a year in Colorado, for instance - but at what cost? One worry is that crime will rise if inmates are let go before completing their sentences. Republican Scott Suder, a Wisconsin assemblyman, crystallized a deeper concern, a moral one, when he told the Wisconsin State Journal in June that early release amounts to "rewarding bad behavior...
...biggest shortfall ever, in dollar terms. The government will have spent $3.7 trillion and taken in $2.1 trillion. Even by the more forgiving yardstick of percentage of gross domestic product, the shortfall is, at 11.2%, the biggest since World War II. It will be smaller next year but still huge by historical standards. At some point this starts to matter, right...
...braced by a promise of anonymity and by an immutable love for the financial services industry, the Expert was retained, and did deliver the skinny on Blackstone during the brisk walk along Garden Street. Private equity, buying up huge amounts of debt, emerging out of the debt bubble, etc., etc. We can't claim to have understood the whole thing. But the bottom line? "Blackstone sort of represents the thing that caused the financial crisis," the Expert told...
...four regattas throughout New England. With the graduation of many key contributors from last season, Harvard is looking to use these early-season fall events to ready itself for the championship portion of its schedule in the spring and summer.“The seniors last year were huge assets to the team,” junior crew Grace Charles said. “They provided great leadership and we will miss them, but we have many freshmen this season ready to step up. We weren’t able to have a preseason this year with school starting earlier...
Finn M.W. Caspersen, a graduate of Harvard Law School and a prolific philanthropist who raised and donated huge sums to the Law School, died last week of an apparently self-inflicted gun-shot wound. Caspersen, the former Chairman of the Beneficial Corporation, a consumer finance corporation, donated over $30 million to the Law School and served as the chairman of the successful capital campaign which ended last year and raised $476 million, the most successful fund-raising campaign in the history of legal education. Caspersen’s death comes at a time when his fund-raising abilities may have...