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...November, voters elected Dave Bing, the steel magnate and former NBA star, and five new city councilmembers. They face daunting challenges, starting with a budget deficit of at least $275 million and a nearly 30% unemployment rate. Detroit also needs to attract and retain a sizable middle class - of any hue - which is difficult given the sorry state of schools, public security and business. The situation is so dire, the state of Michigan may seize control of Detroit in the coming months. "With the kind of challenges the city is going to face," Cockrel says, "I can make a better...
Many factors play a part in the fading importance of capital punishment. The drop in the number of death sentences reflects a drop in the murder rate. Many states have adopted life-without-parole terms as alternative sentencing, and both prosecutors and juries have embraced the option. Also, DPIC executive director Richard Dieter theorizes that in tough economic times, states are reluctant to take on the high costs of capital cases - the special sentencing hearings, the mandatory reviews and the nearly inevitable years of appeals. The DPIC report cites the example of California, where death sentences were up this year...
...drug conflicts have pushed up the Honduran murder rate, which hit 53 per 100,000 last year - one of the worst rates in the world. Few homicides are solved. Police do not have solid leads on Gonzalez's killers, who escaped on their motorcycle. Officials said they had offered the drug czar bodyguards, but he turned them down. "I would say to him, 'Are you not going to have security?'," his wife Leslie Portillo said at his funeral. "He replied to me, 'My security is God walking beside...
...been a first-rate leader and an important voice for the university, and someone who has been concerned about all dimensions of the institution,” Reischauer said in an interview Monday. “I think all of us are deeply grateful for contributions he’s made—not just through the smooth functioning of the Corporation, but to the strength of the University overall...
...business model he has chosen. That means when there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment banking. In 2006, trade publication the Banker named Verme one of the top 10 movers and shakers in the Latin American business. It was big news in banking circles when Citi tapped Verme...