Recent Blog Posts
-
The Era of the Renminbi Is at Hand
Nov 20 20092:55 pm EDT -
Computer Glitch Snarls Air Traffic
Nov 19 200910:29 am EDT -
Dollar Doldrums? What Dollar Doldrums?
Nov 19 20098:48 am EDT -
American Express Makes a Revolutionary Deal
Nov 18 200912:05 pm EDT -
Calpers Puts Pressure on Private Equity Funding and Fees
Nov 18 200910:27 am EDT -
Madoff Makes Millions (for Others)
Nov 18 20096:04 am EDT -
Lazard Looks Within Its Ranks for New Chief
Nov 17 20091:44 pm EDT -
A Brutal Morning for Geithner
Nov 17 20098:02 am EDT -
GM to Start Payback
Nov 16 20095:57 am EDT -
She Rules
Nov 13 200910:48 pm EDT
Heartwarming Holiday News
The Christmas season is a time for shopping, feasting, visiting, caroling -- and, increasingly, crime.
A new survey from the Retail Industry Leaders Association shows that the current recession has started to cause an increase in the number of crimes reported by retailers.
Findings include an 84 percent increase in theft and amateur shoplifting, a 76 percent increase in financial fraud, an 80 percent increase in retail crime, and a 77 percent increase in organized retail crime.
The survey also indicates that the crime increase isn't only for urban areas, but has pushed out into rural areas as well.
As unemployment continues to rise these crime statistics will surely get worse. Especially of concern is organized retail crime, which involves crime rings whose proceeds go towards funding more criminal activity.
On the bright side, maybe this crime wave will provide an employment option for some of the newly laid off -- a new career in law enforcement.
by Rafael Cohen
