As of 2008, there were roughly 2.3 million inmates in state and federal prisons, and local jails, representing about 0.7 % of the entire population, and about 1.0 % of the adult population.
The business of “corrections”
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Has anybody seen…?
As I watched the interview of Ethel Kennedy by her daughter this evening, the gritty black and white television images from my own adolescence streaming before me, my cheek felt the same warm salted tears again, as the narrator described the string of assassinations. In the five years between my fifth year in elementary school and my second in high school, bullets took three leaders of the United States from among us.
Posted in Politics and Business
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The mind of the market
I was in business as an employee for fifteen years before I began to be a student of it. It started when I went into business for myself. That was twenty three years ago. It’s amazing how interesting even the most mundane elements of business can become when you’re betting all of your own assets on the outcome. I realized at the time of my entrepreneurial launch that I needed to learn a lot more than I knew, so I read about small business management, subscribed to the Harvard Business Review, started reading books that would have never made it to the nightstand had I not taken the leap, went to seminars and conferences, etc.
Posted in Strategy and the Big Picture
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Free markets or John Maynard Keynes?
[This column was written a few years ago on a visit with friend Bob to Latvia. Its theme seems pertinent to the current election debates about what to do with our economic engine in the U.S.]
Capitalism has gotten a bloody nose over the last couple of decades, given the implosion of the financial markets, the incredible greed of certain Wall Street tycoons and the self-inflicted destruction of future wealth represented by our American appetite for debt-financed lifestyles. But lest we think the entire capitalistic proposition is bankrupt, a reminder of the failures of other economic experiments is in order.
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