Bernard Madoff

Education has always been at the forefront in creating the ideal member of society. Pursuing academic endeavors is what we are often told to be the blueprint for attaining the American dream. From adolescence to early adulthood, all Americans are taught the importance of education. The human capital theory is a concept that suggests investments in education, job training and marketable talents will lead to increased knowledge and generate higher wages for the individual. In relation to poverty,…

In 1939, the term “white-collar crime” began to be associated with frauds committed by business and government professionals. The phrase was mentioned during a speech given by Edwin Sutherland to the American Sociological Society. Sutherland defined “white-collar” as “a crime committed by a person of respectability and high social stats in the course of his occupation” (White Collar Crime). However, white-collar crimes are described in various ways. The Justice Department characterize…

INTRO: James Baldwin, an African American novelist, poet, and more importantly a social critic. Most famously critisises, “[the] racist justice system.” (Baldwin) His words are targeting the white officials at the time, for discriminating against the African American citizens in a court of law. Back when James Baldwin wrote about his observations there were around two hundred thousand people in jail. Today, with 2.3 million people incarcerated, it’s no longer a matter of skin color but, the…

Words like 401k, IRA, portfolio, diversification are just a few you hear on the television, radio, and even from friends. There is also the fear of losing money invested due to Ponzi schemes, which too frequently make headline news. For example, Bernard Madoff swindled billions of dollars from investors and Dante DeMiro took approximately $10 million in his fraudulent scheme (Peterson Kramer, Bukhoff, 2012). These are just two examples that made headlines in the news, which make people leery…

David A. Garza Correctional Services- 2nd Block Rough draft- Final Project 18 November, 2015 Elderly Offenders Texas’s elderly inmates, classified as those above 55 and older, make up about 7.3% of Texas’s offender population and are rising by about 6% every year. They account for nearly a third of hospital costs and make three times as many visits to prison medical departments as younger inmates do. Elderly inmates care averages out to $100,000 compared to $31,307 for inmates under 55 years…

Tyler Perry Productions: An Awkward Perspective of American Life There is something about the quality of Tyler Perry comedies and movies that just resonate the root theatre characteristics. Roots Theatre is a prolific and dynamic theatrical movement in the Caribbean. Root theatre or grass root theatre a form of bawdy comedy filled with sexual innuendo. Perry’s comedies are an impressive exposition of the grass root working class expression of Black American life. Perry’s work is saturated by…

Utilitarianism comes from the word utility, which means the state of being beneficial to those affected. The Theory of Utilitarianism is the idea that a person must make decisions that create the greatest amount of utility for the greatest amount of people. Utilitarianism is a Consequentialist theory because it claims that actions are morally right if they produce the desired consequences, which according to Mill, are pleasures. There are two types of Utilitarianism: Act Utilitarianism and Rule…

In late 2008, I remember my father complaining about losing a significant amount of money in the stocks he had been investing in at the time. I asked him why his stocks were doing so poorly, and he told me in the simplest terms an uninformed fourteen year old could understand. In addition to a variety of other more complex factors I wouldn’t comprehend, a lot of negative news was being reported about the performance of a variety of different companies and the recent spike in unemployment rates…