Tag Archives: Ponzi Scheme

First Readings: A first taste of college life

On Monday morning — Labor Day — first-year students gathered in classrooms around campus for their First Readings seminars. The program, initiated at Brown seven years ago, is designed to give new students a common reading experience and prepare them for college life.

PROVIDENCE, R.I. [Brown University] — Classes don’t officially begin until Wednesday, but first-year students got their first taste of academic life at Brown on the first Monday in September, when all 1,537 of them gathered in classrooms around campus for the annual First Readings seminars. (more…)

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Criminology and the Global Financial Crisis

The first overt indications of the impending global financial crisis manifested themselves in August 2007, when BNP Paribas announced it was severing ties with three hedge funds specializing in mortgage debt for American real estate properties. The crisis was exacerbated by the immediate freeze on credit by banks to their customers – and to each other. The crisis came to a head in 2008 when the United States government refused to rescue investment firm Lehman Brothers from financial collapse. Subsequent actions by the American government and by foreign governments, as well as actions taken by commercial enterprises world wide, have been focused on repairing the financial damage to sovereign economies and to individuals thrown out of work – and out of their homes. (more…)

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