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...hinges on the trust that we place in the Federal Reserve to look out for the best interests of the economy at large, independent of any political influence whatsoever.  Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation in the early 1980s, or Chairman Ben Bernanke ’75’s opening up of lending...

Author: By Ravi N. Mulani | Title: Financial Follies | 5/12/2010 | See Source »

...Robert Thompson were each sentenced to eight years in prison for their gruesome murder of two-year-old James Bulger. Now, nine years since his release, Venables is back in custody, and the public demands to know the reason. The questions that surface query the criminal’s right to anonymity as well as appropriate prison sentences for those so young. The attention and high emotion that surround such cases certainly destroy notions of impartiality and make the potential for a fair trial extremely difficult...

Author: By Olivia M. Goldhill | Title: The Innocence of Youth? | 5/10/2010 | See Source »

James Bulger’s mother claims that, as a relative of the original victim, she has a right to know what offense Venables has committed, and, indeed, a typically transparent justice system would condone revealing the nature of the crime. Others claim that Venables’s rehabilitation clearly failed, so he no longer deserves the protection awarded by his veiled identity. However, Justice Secretary Jack Straw has refused to reveal the offense, for fear of revealing Venables’s identity and preventing the opportunity for a fair trial. The case is not typical of any justice system...

Author: By Olivia M. Goldhill | Title: The Innocence of Youth? | 5/10/2010 | See Source »

...also create sympathy for excessive lenience. Despite such strong and opposing beliefs founded upon Venables’s and Thompson’s young ages, the legal age for criminal responsibility in England is 10 years old, and psychiatrists ruled that both the children could distinguish between right and wrong. In spite of general cries for vengeance and dismay over the seemingly lenient eight-year sentence, many murderers do not in fact serve much longer, and life sentence is far from the ubiquitous punishment. Although a 10-year-old, according to the legal system and psychiatric analysis, is considered...

Author: By Olivia M. Goldhill | Title: The Innocence of Youth? | 5/10/2010 | See Source »

...should not be allowed to impact legal proceedings further. The vengeful desires to know Venables’s crime and identity are unjustified; whether better or worse, the post-adolescent Venables is not the same 10-year-old who was tried 17 years ago. We may have had a right to know Venables’s crime then, but the public no longer has the right to know the details of the rest of his life. Venables’s identity is veiled in order to protect his life, and there is no just reason to change this policy...

Author: By Olivia M. Goldhill | Title: The Innocence of Youth? | 5/10/2010 | See Source »

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