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...difficulties if they try to become productive members of society. We add the terrible handicap of a prison record to those who often begin with the disadvantage of lack of education and come from an environment of poverty. If this country would decriminalize drugs and regulate and tax their sale, not only would we eliminate the drug lords' great wealth and the violence they perpetrate, but we could use the tax revenue to create counseling centers. Patricia Wedemeier, Dallas...

Author: /time Magazine | Title: Inbox | 3/20/2008 | See Source »

...scrappy Wall Street investment bank, Bear Stearns, went from seemingly healthy to dead meat in about five days. Federal Reserve Chairman Ben Bernanke, desperate to avoid a sudden collapse that might cause a full-fledged market panic, invoked a little-known 1930s legal provision to engineer a Sunday fire sale of Bear Stearns to banking giant JPMorgan Chase for a mere $2 a share. (Bear's stock price was $57 a week before, $171.51 in early...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...difficulties if they try to become productive members of society. We add the terrible handicap of a prison record to those who often begin with the disadvantage of lack of education and come from an environment of poverty. If this country would decriminalize drugs and regulate and tax their sale, not only would we eliminate the drug lords' great wealth and the violence they perpetrate, but we could use the tax revenue to create counseling centers...

Author: /time Magazine | Title: Inbox | 3/20/2008 | See Source »

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Author: /time Magazine | Title: Into the Wild | 3/19/2008 | See Source »

...Another measure that has helped keep the peace in Sao Paulo is a ban on late-night alcohol sales, especially at weekends. Police say almost two-thirds of homicides take place near or in illegal or unlicensed bars and clubs, and more than half take place between Friday night and Sunday morning. Nineteen municipalities in the state have limited the sale of alcohol at night and small towns across the country have followed suit...

Author: /time Magazine | Title: (Not Such) Bad Boys | 3/19/2008 | See Source »

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