Why focusing on private prisons won't end mass incarceration - Vox: "Hillary Clinton has announced that, under pressure from both immigration and racial-justice activists, she's no longer accepting direct donations from private prison companies. The money she's already gotten from them — $133,000 — is a drop in the bucket of a campaign that's raised $28 million in the past three months alone. But in the Democratic primary, the private prison industry has emerged, by consensus, as the villain of the mass-incarceration story." 'via Blog this'
S.E.C. Concedes Oversight Flaws Fueled Collapse - NYTimes.com: "The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down."
SEC Chairman Christopher Cox Finally Realizes The Problem With Deregulation | ThinkProgress: "Yesterday, the Senate Banking Committee held a hearing on the Bush administration’s proposed $700 billion bailout plan. During the hearing, Christopher Cox, Chairman of the Securities and Exchange Commission (SEC), testified that deregulation was a cause of the current financial crisis, including a “regulatory hole” in the credit swap market:
There is another similar regulatory hole that must be immediately addressed to avoid similar consequences. The $58 trillion national market in credit default swaps — double the amount outstanding in 2006 — is regulated by no one. Neither the SEC nor any regulator has authority over the CDS market, even to require minimal disclosure to the market."
According to campus police, two groups of students were in a confrontation before 1:20 am at the parking lot of a residence hall in Northern Arizona University. At some point, 18-year-old freshman Steven Jones allegedly pulled out a gun and shot four of his peers. One is dead. Three are still being treated at the Flagstaff Medical Center, with at least some of them shot multiple times."
But the unemployment rate tells an incomplete story about the state of the labor market. It counts the number of people who are out actively looking for work and not finding it. But it does not include people who — for whatever reason — are not looking for work at all.
But another statistic, the labor force participation rate, gives a comprehensive sense for how many people are working. It shows the fraction of the population over age 16 that is working. And today we learned that this statistic fell to 62.4 percent — the lowest level since 1977."
The death of Jeremy McDole is being investigated by officials from the Delaware Department of Justice’s Office of Civil Rights and Public Trust. The department reviews every incident in which a police shooting results in injury or death." 'via Blog this'